Real Estate Math
If a Lincoln, Nebraska home appreciated from $265,000 to $291,500 over 2 years, what was the total percentage increase?
A10%✓ Correct
B12%
C8%
D9%
Explanation
Increase = $291,500 − $265,000 = $26,500. Percentage = $26,500 ÷ $265,000 = 10%.
Related Nebraska Real Estate Math Questions
- A salesperson receives 60% of the commission and the broker receives 40%. The total commission on a $280,000 sale at 5.5% is split how much to the salesperson?
- A commercial property has an annual NOI of $112,500. If cap rates in the area have compressed from 9% to 7.5%, what is the increase in property value?
- A rectangular Nebraska agricultural parcel measures ¼ mile by ½ mile. How many acres is this?
- A closing occurs April 1. Annual interest on the seller's mortgage of $180,000 at 6% is paid in arrears. How many days of interest must the seller pay at closing (January 1 through March 31 = 90 days, 360-day year)?
- A Nebraska property's market value is $380,000. It is assessed at 92% of market value with a mill rate of 17. Annual property taxes are:
- A Nebraska duplex with 2 units renting for $1,100/month each has a 5% vacancy and $14,000 in annual operating expenses. What is the NOI?
- A buyer's loan has a 1% origination fee on a $240,000 mortgage. How much is the origination fee?
- A Nebraska buyer has monthly gross income of $7,200. Using a 28% housing expense ratio, the maximum PITI payment is:
Practice More Nebraska Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Nebraska Quiz →