Real Estate Math
A broker's escrow account shows a beginning balance of $45,200. During the month, $18,500 was received and $22,800 was disbursed. What is the ending balance?
A$40,900✓ Correct
B$41,900
C$42,900
D$36,700
Explanation
Ending balance = $45,200 + $18,500 − $22,800 = $40,900. Using the values given ($45,200, $18,500), apply the appropriate formula..
Related Louisiana Real Estate Math Questions
- A Louisiana broker manages three properties with monthly rents of $1,200, $1,450, and $1,800. The management fee is 9% of collected rents. Assuming 100% collection, what is the monthly management fee for all three properties combined?
- A Louisiana homeowner's property has a fair market value of $225,000. The assessment ratio is 10% and the millage rate is 95 mills. The homeowner qualifies for the $7,500 homestead exemption. What are the annual property taxes?
- A Louisiana property's NOI is $67,500. If an investor requires a 7.2% cap rate, what is the maximum they should pay?
- A Louisiana property's income tax depreciation basis is $325,000 (residential property). Using 27.5-year straight-line depreciation, what is the annual deduction?
- A Louisiana home's appraised value is $295,000. The tax assessment ratio is 10%. The millage rate is 95 mills, and the owner qualifies for the $7,500 homestead exemption. What is the annual tax bill?
- A Louisiana appraiser finds three comparable sales: $198,000, $204,000, and $201,000 (adjusted). What is the mean of these adjusted values?
- A Louisiana commercial building leases 4,200 sq ft at $22/sq ft/year NNN. Annual insurance is $3,200, taxes are $8,500, and maintenance is $4,800. What does the tenant pay annually in total?
- A rectangular commercial lot measures 200 feet × 350 feet. How many acres does it contain (1 acre = 43,560 sq ft)?
Practice More Louisiana Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Louisiana Quiz →