Real Estate Math
A Massachusetts buyer purchases a $550,000 home with a $100,000 down payment. What percentage down did they put?
A18.18%✓ Correct
B20%
C15%
D22%
Explanation
Down payment percentage = $100,000 ÷ $550,000 = 0.1818 = 18.18%. Using the values given ($550,000, $100,000), apply the appropriate formula.. The correct answer is 18.18%.. This is a common calculation on the Massachusetts real estate exam.
Related Massachusetts Real Estate Math Questions
- An agent earns a 5% commission on a $640,000 sale. She receives 60% of that commission, and her broker retains the remainder. How much does the agent receive?
- A Massachusetts seller's net sheet shows a sale price of $710,000, mortgage payoff of $350,000, commission of 5%, deed excise of $4.56 per $1,000, and attorney's fee of $2,000. What is the seller's approximate net proceeds?
- A Massachusetts investor plans to refinance a $900,000 commercial property. The new loan will be 65% LTV. What is the maximum loan amount?
- A Massachusetts property with an NOI of $108,000 is valued at $1,440,000. What is the cap rate?
- A Massachusetts broker earns a 5% commission on a $485,000 sale. The broker splits 45% with the buyer's agent. How much does the buyer's agent receive?
- A Massachusetts investor buys a 6-unit building for $900,000. Monthly rent per unit is $1,800. Annual gross income is $129,600. With a 95% occupancy rate, the effective gross income is:
- A Massachusetts broker sold 15 properties last year with an average sale price of $425,000 and an average commission rate of 5%. The broker's total gross commission income was:
- A Massachusetts property with $150,000 in annual NOI sold at an 8% cap rate. What was the purchase price?
Practice More Massachusetts Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Massachusetts Quiz →