Real Estate Math
A Greenville, SC condo sells for $187,500. What is the SC deed recording fee?
A$693.75✓ Correct
B$694.50
C$695.00
D$700.00
Explanation
SC deed recording fee = $1.85 per $500. $187,500 ÷ $500 = 375 units. 375 × $1.85 = $693.75. Using the values given ($187,500), apply the appropriate formula.. The correct answer is $693.75.. This is a common calculation on the South Carolina real estate exam.
Related South Carolina Real Estate Math Questions
- A South Carolina property sells for $195,000. The buyer puts 5% down and pays 2 discount points. What is the cost of the points?
- A South Carolina commercial property with 5,000 sq ft rents at $22/sq ft/yr NNN. What is the annual base rent?
- A property has an annual gross income of $96,000 with a 7% vacancy rate and operating expenses of $35,000. What is the NOI?
- A South Carolina property assessed at $85,000 (at 4% legal residence ratio) with a 175 mill rate—what is the annual tax?
- A South Carolina home is appraised at $315,000. The buyer makes a 20% down payment. What is the LTV on the resulting mortgage?
- A South Carolina home is listed for $329,000. After 90 days, the price is reduced by 3.5%. What is the new price?
- A triangular lot in South Carolina has a base of 200 feet and a height of 150 feet. What is the area?
- A South Carolina home depreciates $12,000 per year for tax purposes over 27.5 years (residential). What is the original cost basis?
Practice More South Carolina Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free South Carolina Quiz →