Real Estate Math
An Oregon property was sold at a 15% loss. If the selling price was $382,500, what was the original purchase price?
A$450,000✓ Correct
B$440,000
C$405,000
D$435,000
Explanation
If the property sold at 85% of the original price (15% loss): Selling Price = Original Price × 0.85. Original Price = $382,500 ÷ 0.85 = $450,000.
Related Oregon Real Estate Math Questions
- An Oregon buyer's monthly income is $7,500. Their existing monthly debts (car, student loan) total $600. The lender allows a maximum back-end DTI of 43%. What is the maximum monthly mortgage payment (PITI)?
- A Salem commercial property has a net operating income of $120,000. If the market cap rate is 7%, what is the property value? If the cap rate rises to 8%, what happens to the value?
- A Portland rental house has an annual gross income of $36,000. The gross rent multiplier (GRM) for comparable properties is 14. What is the indicated value?
- An Oregon house has a basement of 800 sq ft, main floor of 1,400 sq ft, and upper floor of 900 sq ft. How much is the total finished square footage if the basement is unfinished?
- An Oregon property is listed at $549,000. An investor offers 95% of list price. What is the offer amount?
- An Oregon home sells for $398,000. The county records show a Real Market Value (RMV) of $398,000 and a Maximum Assessed Value (MAV) of $285,000. The tax rate is $15/$1,000. What is the annual property tax?
- An Oregon property sold for $580,000. The buyer obtained a loan for 80% of the purchase price. Points charged were 1.5% of the loan amount, plus a $1,200 origination fee. What were the total loan-related upfront costs?
- An Oregon buyer qualifies for a maximum monthly PITI payment of $2,800. The annual property tax is $4,200 and the homeowner's insurance is $1,800/year. How much remains for principal and interest?
Practice More Oregon Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Oregon Quiz →