Real Estate Math
A Utah property's listing price is $450,000. It sells for $437,000. What is the list-to-sale price ratio?
A97.1%✓ Correct
B96.5%
C97.6%
D98.2%
Explanation
List-to-sale ratio = $437,000 ÷ $450,000 ≈ 0.971 = 97.
Related Utah Real Estate Math Questions
- A property has a GRM of 150 and rents for $2,200 per month. What is its estimated value?
- 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?
- An investment property generates $48,000 NOI. Debt service (mortgage payments) totals $32,000 annually. What is the annual cash flow before taxes?
- A Utah buyer's PITI payment includes principal, interest, taxes, and insurance. If the monthly components are: P&I = $1,650, taxes = $280, insurance = $110, what is PITI?
- A seller accepts $415,000 on a home that was listed for $430,000. What percentage of the list price did the property sell for?
- A Utah residential lot measures 0.35 acres. How many square feet is the lot?
- A Utah property sells for $650,000. After a 5.5% commission and $6,000 in seller closing costs, the seller nets $612,500. What was the seller's mortgage payoff? (Verify: $650,000 − commission − costs − payoff = $612,500)
- If a Utah investor buys a property for $650,000 and puts 25% down, what is the loan amount?
Practice More Utah Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Utah Quiz →