Real Estate Math
An Oklahoma property manager charges 8% of monthly collected rent for management. In a month when rent is $7,800, the management fee is:
A$614
B$624✓ Correct
C$634
D$644
Explanation
Management fee = $7,800 x 8% = $7,800 x 0.08 = $624.
Related Oklahoma Real Estate Math Questions
- An Oklahoma property has an assessed value of $45,000 (after assessment ratio) and the mill rate is 85 mills. What is the annual property tax?
- A property sells for $350,000 today. The seller originally paid $220,000. What is the percentage of appreciation?
- A 30,000 square foot lot is what fraction of an acre? (1 acre = 43,560 sq ft)
- A buyer purchases a home for $185,000 with a 10% down payment. What is the loan amount?
- A 40-acre parcel of Oklahoma land sells for $1,200 per acre. The agent earns a 5% commission. What is the total commission?
- A seller wants to net $210,000 after paying a 6% commission. At what price must the home sell?
- A house has 1,800 square feet of living space and sold for $270,000. What is the price per square foot?
- A property with an NOI of $52,000 and a cap rate of 6.5% has an estimated value of approximately:
Practice More Oklahoma Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Oklahoma Quiz →