Real Estate Math
A Wyoming seller agrees to pay 3% of the purchase price toward the buyer's closing costs. The sale price is $348,000. How much does the seller contribute?
A$10,440✓ Correct
B$34,800
C$3,480
D$1,044
Explanation
Seller concession = $348,000 × 3% = $10,440. To solve this, multiply the relevant values: $348,000 at 3%.. The correct answer is $10,440.. This is a common calculation on the Wyoming real estate exam.
Related Wyoming Real Estate Math Questions
- A Wyoming property rents for $1,800/month. If the gross rent multiplier is 120, what is the estimated property value?
- If a Wyoming property is 660 feet wide and 1,320 feet deep, how many acres is it?
- A Wyoming home has a monthly PITI of $1,750. The breakdown is: P&I = $1,200, taxes = $350, insurance = $200. What percentage of PITI is the principal and interest payment?
- A Wyoming apartment complex has 20 units all renting at $900/month. The vacancy rate is 8%. What is the annual effective gross income?
- A Wyoming property's market value is $450,000 and the assessed value is 9.5% of market value. What is the assessed value?
- A Wyoming land parcel is described as the NW 1/4 of the SE 1/4 of Section 10. How many acres is this?
- A Wyoming section of land is divided into four equal quarters. How many acres is each quarter?
- A Wyoming property is 40 acres. How many square feet is this?
Practice More Wyoming Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Wyoming Quiz →