Real Estate Math
A Mississippi property has a list price of $340,000. The buyer offers $325,000. What percentage of list price is the offer?
A95.0%
B95.6%✓ Correct
C94.2%
D96.0%
Explanation
Percentage = $325,000 ÷ $340,000 = 0.9559 ≈ 95.6%. Using the values given ($340,000, $325,000), apply the appropriate formula.. The correct answer is 95.6%.. This is a common calculation on the Mississippi real estate exam.
Related Mississippi Real Estate Math Questions
- A Mississippi property was listed at $289,000 and sold for $275,000. The sale-to-list price ratio is approximately:
- A Mississippi seller nets $210,000 after paying a 6% commission on the sale. What was the sale price?
- A Mississippi home purchased for $195,000 appreciates at 4% annually for 3 years. The value after 3 years is approximately:
- A Mississippi property with a NOI of $26,000 sells at a 6.5% cap rate. What is the sale price?
- A Mississippi commercial property generates $7,500 in monthly rent. The annual gross rent multiplier (GRM) is 9. The estimated value is:
- A Mississippi property manager collects $45,000 in annual gross rents and charges a management fee of 8% of collected rents. The annual management fee is:
- A Mississippi agent earns $22,500 in commission on a $750,000 commercial sale. The commission rate is:
- A Mississippi property has an assessed value of $45,000 after a $7,500 homestead exemption was applied. What was the original assessed value before the exemption?
Practice More Mississippi Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Mississippi Quiz →