Real Estate Math
A property manager collects $95,000 in annual rents and charges a 9% management fee. What is the annual fee?
A$7,600
B$8,550✓ Correct
C$9,500
D$10,000
Explanation
Annual management fee = $95,000 × 9% = $8,550. To solve this, multiply the relevant values: $95,000 at 9%.. The correct answer is $8,550.. This is a common calculation on the Utah real estate exam.
Related Utah Real Estate Math Questions
- A listing agreement in Utah specifies a 90-day listing period. If signed on January 1, when does the listing expire?
- A tenant-occupied property generates $3,200/month rent. Annual vacancy is 5% and expenses are $12,000/year. What is the annual NOI?
- A Utah property rents for $1,600/month. The GRM is 130. What is the estimated value?
- A home has a monthly PITI payment of $2,450. The buyer's gross monthly income is $7,200. What is the front-end DTI ratio?
- If a buyer uses an FHA loan and the purchase price is $350,000, what is the minimum down payment?
- A home was purchased for $320,000 and sold 3 years later for $380,000. What is the percentage gain on the original purchase price?
- A home in Salt Lake City appreciates 8% per year. If it is worth $450,000 today, what will it be worth in one year?
- A lot measures 150 feet wide and 200 feet deep. How many square feet is the lot?
Practice More Utah Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Utah Quiz →