Real Estate Math
A Wyoming buyer pays 2 discount points on a $310,000 loan. How much do the points cost?
A$3,100
B$5,200
C$6,200✓ Correct
D$7,750
Explanation
1 discount point = 1% of the loan amount. 2 points = $310,000 × 2% = $6,200. Using the values given ($310,000), apply the appropriate formula.. The correct answer is $6,200.. This is a common calculation on the Wyoming real estate exam.
Related Wyoming Real Estate Math Questions
- A Wyoming investor needs a 12% return on investment. The projected annual NOI for a property is $54,000. What is the maximum price the investor should pay?
- A Wyoming property is listed at $375,000 and sells for 96% of the listing price. What is the selling price?
- A Wyoming ranch sells for $1,200,000. The broker charges a 5% commission. How much is the commission?
- A Wyoming apartment building has 8 units renting for $950/month each. The building operates at a 92% occupancy rate. What is the annual effective gross income?
- A Wyoming property generates $6,500/month in gross rent. What is the annual gross rent multiplier if the property sells for $936,000?
- A Wyoming Section of land contains 640 acres. How many acres are in the NW 1/4 of the SW 1/4?
- A Wyoming property was purchased for $420,000 and sold 5 years later for $504,000. Ignoring expenses, what was the total return?
- A Wyoming investor paid $275,000 for a duplex. Annual gross rents are $24,000 and operating expenses are $9,600. Using a 10% cap rate, is the property valued correctly?
Practice More Wyoming Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Wyoming Quiz →