Real Estate Math
A Wisconsin property manager charges 8% of collected rents. The property collects $9,500/month. What is the monthly management fee?
A$640
B$720
C$760✓ Correct
D$800
Explanation
Management fee = $9,500 × 8% = $760. To solve this, multiply the relevant values: $9,500 at 8%..
Related Wisconsin Real Estate Math Questions
- A Wisconsin apartment building has 8 units, each renting for $850/month. The vacancy rate is 8%. Annual expenses are $22,000. What is the annual NOI?
- A Wisconsin property with a market value of $180,000 is assessed at 95% of market value. The tax rate is 22 mills. What is the annual tax?
- A Wisconsin investor buys a duplex for $220,000. Each unit rents for $900/month. The annual operating expenses are $9,600. What is the annual net operating income (NOI)?
- A Wisconsin seller receives $259,000 at closing after paying a 6% commission. What was the sale price?
- A Wisconsin home sells for $395,000. The listing broker charges a 6% commission split evenly with the cooperating broker. The listing agent receives 60% of the listing broker's share. How much does the listing agent earn?
- A Wisconsin lender charges an origination fee of 1.5% on a $196,000 loan. What is the origination fee in dollars?
- A Wisconsin buyer takes a $180,000 mortgage at 6% annual interest. What is the first month's interest payment?
- A Wisconsin property has a tax rate of 18 mills and an assessed value of $240,000. What is the annual property tax?
Practice More Wisconsin Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Wisconsin Quiz →