Real Estate Math
A Washington tenant pays $2,100/month in rent. Landlord requires a security deposit equal to 1.5 months' rent and first and last month's rent. Total amount due at move-in:
A$5,250
B$7,350✓ Correct
C$8,400
D$9,450
Explanation
Security deposit = 1.5 × $2,100 = $3,150.
Related Washington Real Estate Math Questions
- A Washington home was purchased for $400,000 five years ago. It is now worth $530,000. What is the total return on the original purchase price?
- A Seattle investment property is purchased for $1,200,000 with 25% down. What is the equity at purchase?
- A property manager collected $18,500 in rents last month. Operating expenses were $7,400. The property manager's fee is 8% of gross collected rents. What is the net income to the property owner?
- A Washington broker's listing agreement states they earn 3% of the first $400,000 and 2% of the balance. The home sells for $720,000. What is the commission?
- A Washington lot is 80 feet wide and 125 feet deep. It has a building setback requirement of 25 feet front, 10 feet rear, and 5 feet each side. What is the maximum buildable area?
- A Washington broker earns a 6% commission on a $425,000 sale and splits 45% to the buyer's broker. How much does the listing broker retain?
- A Seattle property owner's assessed value is $750,000. The tax rate is $12.50 per $1,000 of assessed value. What are the annual property taxes?
- A Washington property appreciated 5% per year for 3 years from an original value of $400,000. What is the value after 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 →