Real Estate Math
A Wyoming property is listed at $375,000 and sells for 96% of the listing price. What is the selling price?
A$345,000
B$355,000
C$360,000✓ Correct
D$365,000
Explanation
Selling price = $375,000 × 96% = $375,000 × 0.96 = $360,000.
Related Wyoming Real Estate Math Questions
- A Wyoming investment property has a gross rent of $48,000/year and a vacancy rate of 5%. What is the effective gross income?
- A Wyoming property increased in value from $180,000 to $225,000. What is the percentage increase?
- A Wyoming seller nets $198,000 after paying a 6% commission. What was the selling price?
- A Wyoming property has a gross income multiplier (GIM) of 8. The annual gross income is $90,000. What is the estimated property value?
- A Wyoming commercial property has a net operating income of $72,000 per year. Using a cap rate of 8%, what is the estimated value of the property?
- A Wyoming home is assessed at 9.5% of market value for property tax purposes. If the market value is $420,000 and the mill rate is 55 mills, what is the annual property tax?
- A Wyoming broker's annual gross commission income is $240,000. The broker pays 40% in overhead. What is the broker's net income?
- A Wyoming property was purchased for $140,000, improved by $30,000, and sold for $225,000 with a 5% commission. What is the net gain (before taxes)?
Practice More Wyoming Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Wyoming Quiz →