Real Estate Math
An Oklahoma broker has $42,000 in three separate client trust accounts: $15,000, $18,500, and $8,500. After closing one transaction, $15,000 is disbursed. How much remains?
A$22,000
B$27,000✓ Correct
C$18,500
D$31,000
Explanation
Total before disbursement = $15,000 + $18,500 + $8,500 = $42,000. After disbursing $15,000: $42,000 - $15,000 = $27,000.
Related Oklahoma Real Estate Math Questions
- A buyer in Oklahoma pays $6,500 in discount points to reduce their interest rate. If one point equals 1% of the loan amount and the loan is $260,000, how many points did they buy?
- An investor buys a property for $500,000, makes $50,000 in improvements, and sells for $620,000. What is the profit (before taxes)?
- A property is assessed at 11% of its market value of $400,000. The mill rate is 85 mills. What is the annual property tax?
- If an Oklahoma property is assessed at $28,600 and the mill rate is 92 mills, what are the annual property taxes?
- A property in Oklahoma has a potential gross income of $72,000. Vacancy and collection loss is 6%. Operating expenses are $18,500. What is the NOI?
- A buyer puts 5% down on a $215,000 home purchase. What is the loan amount, and approximately what LTV would require PMI?
- A duplex in Oklahoma City has 2 units each renting for $1,150/month. If the monthly expenses are $850 and vacancy is 5%, what is the annual NOI?
- A one-section (640 acres) parcel of land in western Oklahoma is worth $850/acre. What is the total value?
Practice More Oklahoma Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Oklahoma Quiz →