Real Estate Math
A Mississippi property was listed at $275,000 and sold for $262,500. What was the percentage of list price achieved?
A95%
B95.5%✓ Correct
C96%
D94%
Explanation
Percentage of list price = $262,500 ÷ $275,000 = 0.9545 = 95.
Related Mississippi Real Estate Math Questions
- A Mississippi buyer is purchasing a $250,000 home with 20% down. Their lender requires 2 months PITI in reserves after closing. PITI is $1,450/month. Required reserves are:
- A Mississippi buyer obtains an FHA loan with a 3.5% down payment on a $200,000 purchase price. The upfront mortgage insurance premium (UFMIP) is 1.75% of the base loan amount. What is the UFMIP?
- A Mississippi home sells for $185,000. The buyer pays 3.5% down. The FHA loan amount is:
- A property was purchased for $150,000 and sold 5 years later for $195,000. What is the percentage gain?
- A Mississippi investor pays $180,000 for a rental property and expects an 8% return. The required annual NOI is:
- A Mississippi property sells for $225,000. The buyer pays 20% down. What is the loan amount?
- A Mississippi agent earns $22,500 in commission on a $750,000 commercial sale. The commission rate is:
- A Mississippi buyer's lender allows a maximum 43% back-end DTI. If the buyer has $450/month in non-housing debt and earns $5,500/month gross, what is the maximum PITI payment?
Practice More Mississippi Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Mississippi Quiz →