Real Estate Math
A seller received $248,100 after paying a 5.5% commission and $2,900 in other closing costs. What was the sale price?
A$251,000✓ Correct
B$270,000
C$262,000
D$268,200
Explanation
Net after commission and costs: SP × (1 − 0.055) − $2,900 = $248,100.
Related New Hampshire Real Estate Math Questions
- A NH buyer finances $265,000 at 6.75% annual interest. What is the interest due for the first 15 days of ownership (daily interest)?
- A NH seller's home has been on the market for 120 days. Days on market (DOM) is calculated from the date the property was listed in the MLS to the date it received an accepted offer. If listed June 1 and accepted October 28, what is the DOM?
- A NH home that sold for $425,000 requires the buyer and seller to each pay the NH Real Estate Transfer Tax. What is each party's tax obligation?
- A NH buyer finances $320,000 at 7% for 30 years. If 40% of the first monthly payment is applied to principal, how much goes to principal?
- A NH buyer puts 25% down on a $340,000 home. At closing, the buyer also pays 1.5 discount points. What is the total dollar amount of the points paid?
- A NH property rents for $1,800/month. The gross rent multiplier is 115. What is the estimated property value?
- A property generates $4,500/month in gross rent. The annual operating expense ratio is 35%. What is the annual NOI?
- A NH agent earns a 3% buyer's agent commission on a $415,000 sale. The agent's brokerage retains 30% and the agent keeps 70%. How much does the agent earn?
Practice More New Hampshire Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free New Hampshire Quiz →