Real Estate Math
A Nebraska buyer's offer is $318,500. If the appraiser values the property at $310,000, what is the maximum conventional loan (at 80% LTV) the lender will base the loan on?
A$248,000✓ Correct
B$254,800
C$255,000
D$310,000
Explanation
Lenders use the LOWER of purchase price or appraised value. Lower = $310,000.
Related Nebraska Real Estate Math Questions
- If a property has a NOI of $45,000 and a cap rate of 7.5%, what is the estimated value?
- Property taxes on a $225,000 home are assessed at 95% of value with a rate of 22 mills. What are the annual taxes?
- A property sells for $275,000. The commission rate is 6%, split equally between listing and selling brokers. How much does each broker receive?
- A 640-acre Nebraska section has a road running diagonally through it. A triangular parcel is carved out that measures a base of 1 mile and height of 0.5 miles. What is the area of the triangular parcel in acres?
- A 200-unit apartment complex has an average monthly rent of $875/unit, a 6% vacancy rate, and annual operating expenses of $1,082,000. What is the annual NOI?
- A rectangular plot in Nebraska measures 330 feet × 660 feet. How many acres is this property?
- A Nebraska buyer's agent refers a buyer to an out-of-state agent for a property in Colorado and receives a 25% referral fee on the receiving agent's 3% commission on a $500,000 sale. The referral fee is:
- A Nebraska home is purchased for $310,000 with 10% down. The loan amount is $279,000. PMI is 0.5% of the loan amount annually. Monthly PMI is:
Practice More Nebraska Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Nebraska Quiz →