Real Estate Math
A Montana property manager collects $10,200 in monthly rents. Vacancy is 4%. Management fee is 8% of collected rents. What is the monthly management fee?
A$816✓ Correct
B$784
C$694
D$980
Explanation
Effective collected rents = $10,200 x (1 - 0.04) = $10,200 x 0.
Related Montana Real Estate Math Questions
- A Montana property has gross rents of $48,000/year, vacancy and credit losses of $2,400, operating expenses of $18,000, and annual debt service of $16,800. What is the Net Operating Income (NOI)?
- A Missoula home buyer is applying for a 30-year mortgage. Principal and interest payment is $1,450/month. First month's interest is $1,200. How much principal is paid in the first month?
- A home sold for $325,000 and was listed at $340,000. What was the sale price as a percentage of list price?
- A Montana buyer negotiates a purchase price of $285,000 on a home listed at $299,500. What percentage discount did they negotiate from the list price (rounded)?
- A Montana broker charges a 6% commission on a property that sells for $325,000. What is the total commission?
- A property sells for $410,000. The county transfer tax is $1 per $500 of the sale price. What is the transfer tax due?
- A rectangular parcel measures 330 feet × 660 feet. How many acres is this?
- A Montana property is assessed at $248,000 with a mill levy of 195 mills. What is the annual property tax?
Practice More Montana Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Montana Quiz →