Real Estate Math
A Maryland property was purchased for $250,000 five years ago and now sells for $320,000. The percentage increase in value is:
A22%
B28%✓ Correct
C32%
D35%
Explanation
Increase = $70,000 ÷ $250,000 = 0.28 = 28%. Using the values given ($250,000, $320,000), apply the appropriate formula.. The correct answer is 28%.. This is a common calculation on the Maryland real estate exam.
Related Maryland Real Estate Math Questions
- A Maryland investor buys a 6-unit apartment building for $720,000. Monthly rent per unit is $1,000. What is the annual gross rent multiplier (GRM)?
- A rectangular Maryland lot measures 125 feet by 200 feet. How many square feet is the lot?
- A Maryland investment property costs $750,000 and generates an annual return of 6.5%. The annual income needed is:
- A Maryland property sells for $340,000. Maryland state transfer tax is 0.5% and the recordation tax is $3.33 per $500 of consideration. Recordation tax is:
- A Maryland property has an annual operating expense ratio of 45% and EGI of $80,000. Annual operating expenses are:
- A Maryland seller lists their home at $525,000 and agrees to pay a 5% commission. If the listing broker and buyer's broker split the commission equally, how much does each broker receive?
- A Maryland agent receives a 2.5% co-op commission on a $480,000 sale and keeps 65% after the broker split. The agent's net commission is:
- A Maryland home is appraised at $480,000. The buyer makes a 15% down payment. What is the loan amount?
Practice More Maryland Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Maryland Quiz →