Real Estate Math
A Washington property manager charges a lease-up fee of 50% of the first month's rent for new tenants. A new tenant signs at $1,900/month. The lease-up fee is:
A$475
B$950✓ Correct
C$1,900
D$2,850
Explanation
Lease-up fee = $1,900 × 50% = $950. To solve this, multiply the relevant values: $1,900 at 50%.. The correct answer is $950.. This is a common calculation on the Washington real estate exam.
Related Washington Real Estate Math Questions
- A Washington property sold for $742,000. Using Washington's REET tiers (1.10% on first $500,000; 1.28% on $500K-$1.5M), what is the REET?
- A Washington buyer closes on March 15. Annual property taxes are $6,000 (paid in arrears). The seller owes taxes from January 1 to March 15 (73 days). Tax owed by seller:
- A Washington homeowner has a $520,000 home with a $310,000 mortgage. Their equity is:
- A Washington seller closes on September 15. Annual property taxes are $9,600, paid in arrears. How much does the seller owe at closing for the period Jan 1–Sep 15? (257 days)
- A Washington property manager collects 11 of 12 units' rent in a month. Vacancy rate this month is approximately:
- A Washington seller paid $340,000 for land and built improvements costing $180,000. They sell the property for $620,000. What is the profit?
- A Washington property's gross rent multiplier (GRM) is 140 based on monthly rents. The property generates $3,800/month in rent. What is the indicated value?
- A Washington investor borrows $600,000 at 6% annually on an interest-only loan for 3 years. What are total interest payments over 3 years?
Practice More Washington Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Washington Quiz →