Real Estate Math
A Montana property was listed at $389,000 and sold after receiving a 3% reduction. What was the final sale price?
A$377,330✓ Correct
B$378,000
C$376,000
D$375,000
Explanation
Reduction = $389,000 × 3% = $11,670. Sale price = $389,000 − $11,670 = $377,330.
Related Montana Real Estate Math Questions
- A rectangular parcel measures 330 feet × 660 feet. How many acres is this?
- A Montana property manager charges a leasing fee of one month's rent for placing a new tenant. The monthly rent is $1,350. If the property is vacant for 6 weeks before the new tenant moves in, what is the total cost of the vacancy (including leasing fee)?
- A 160-acre quarter section in rural Montana is described as the NW 1/4 of Section 14, Township 3 North, Range 5 East. If it sells for $2,500 per acre, what is the total sale price?
- A property's price per square foot is $185. If the home is 1,800 square feet, what is the estimated value?
- A Montana farmer wants to irrigate a circular field with a radius of 500 feet. Approximately how many acres will be irrigated? (Area = pi x r^2; 43,560 sq ft per acre)
- A Montana ranch is listed at $1,200 per acre. The ranch is 2 sections. How much is the asking price?
- A Montana broker manages a property with monthly gross rents of $6,800, vacancy of 5%, operating expenses of $2,200/month, and debt service of $2,100/month. What is the monthly cash flow after debt service?
- A Montana commercial property leases 5,000 square feet at $18 per square foot per year (NNN lease). What is the monthly base rent?
Practice More Montana Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Montana Quiz →