Real Estate Math
A Kansas seller must pay off a $185,000 first mortgage and $22,000 HELOC at closing. Commission is 6%. Transfer taxes are $500. The home sells for $285,000. What is the net to seller?
A$59,400
B$60,400✓ Correct
C$60,600
D$61,400
Explanation
Commission = $285,000 × 0.06 = $17,100. Net = $285,000 - $185,000 - $22,000 - $17,100 - $500 = $60,400.
Related Kansas Real Estate Math Questions
- A Kansas homeowner's property has an assessed value of $17,250. The mill levy is 130. What are the annual taxes?
- A Kansas property has annual property taxes of $3,650. Closing occurs on September 30 (day 273). How many days does the buyer own the property in that tax year?
- A Kansas home purchased for $155,000 in 2010 is sold for $215,000 in 2026. What is the percentage appreciation?
- A Kansas property sells for $167,500 with a 5.5% commission. How much is the total commission?
- A Kansas investor pays $380,000 for a commercial property with a NOI of $30,400. What is the cap rate?
- A quarter section of Kansas land is how many acres?
- A Kansas buyer pays $289,000 for a home with a 5% down payment. PMI is 0.8% annually on the loan balance. What is the first-year PMI cost?
- A Kansas duplex generates $1,600/month from each unit. Annual operating expenses are $11,200. What is the annual NOI?
Practice More Kansas Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Kansas Quiz →