Real Estate Math
A Wisconsin home is listed at $275,000 and sells for 97% of list price. What is the sale price?
A$264,750
B$266,750✓ Correct
C$268,750
D$270,000
Explanation
Sale price = $275,000 × 97% = $266,750. To solve this, multiply the relevant values: $275,000 at 97%.. The correct answer is $266,750.. This is a common calculation on the Wisconsin real estate exam.
Related Wisconsin Real Estate Math Questions
- A Wisconsin buyer obtains a 90% LTV mortgage on a $220,000 home. How much is the down payment?
- A Wisconsin seller wants to net $200,000 after paying a 6% commission. What must the property sell for?
- A Wisconsin property was purchased for $150,000 five years ago and now sells for $195,000. What is the percentage increase in value?
- A Wisconsin GRI (Gross Rent Multiplier) for an area is 120. A rental property generates $1,800/month gross rent. What is the estimated value?
- A Wisconsin property has a lot measuring 150 feet by 200 feet. How many square feet is the lot?
- A Wisconsin rectangular lot is 1 acre. Given that 1 acre = 43,560 sq ft, if the lot is 165 feet wide, how deep is it?
- A Wisconsin salesperson earned $18,000 in commissions. The broker kept 40% and the salesperson kept 60%. What was the total commission paid by the client?
- A Wisconsin investor purchases a property for $180,000 and later sells it for $225,000. What is the percentage of profit on the original purchase price?
Practice More Wisconsin Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Wisconsin Quiz →