Real Estate Math
A Utah home is listed for $459,000 and sold for $442,000. What is the list-to-sales ratio?
A96.3%✓ Correct
B97.1%
C95.7%
D98.2%
Explanation
List-to-sales ratio = $442,000 / $459,000 = 0.9629 = 96.3%. Using the values given ($459,000, $442,000), apply the appropriate formula.. The correct answer is 96.3%.. This is a common calculation on the Utah real estate exam.
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