Real Estate Math
A home in Moore, Oklahoma is purchased for $224,900 and 3 years later sells for $262,000. What is the total appreciation?
A$37,100✓ Correct
B$39,100
C$41,000
D$35,000
Explanation
Total appreciation = $262,000 - $224,900 = $37,100. Using the values given ($224,900, $262,000), apply the appropriate formula..
Related Oklahoma Real Estate Math Questions
- An Oklahoma property's sale price is $388,000. The seller pays the buyer 2% of the sale price in closing cost concessions. How much are the concessions?
- An Oklahoma property's gross potential income is $96,000/year. Vacancy/credit loss is 7%. Operating expenses are $32,000. What is the net operating income?
- An investor buys a rental home for $180,000. After one year, appreciation has increased the value by 4%. What is the new value?
- A property's assessed value is $33,000. The mill rate is 95.5 mills. What are the annual property taxes?
- A property sells for $350,000 today. The seller originally paid $220,000. What is the percentage of appreciation?
- A property has a gross annual income of $60,000, a vacancy rate of 5%, and operating expenses of $22,000. What is the NOI?
- An Oklahoma condo owner pays a monthly HOA fee of $285. What is the annual HOA cost?
- A salesperson earned $11,250 in commission. If this represents a 3% commission rate, what was the sales price?
Practice More Oklahoma Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Oklahoma Quiz →