Real Estate Exam (Math Portion), Real Estate Math Practice Past Exam QUESTIONS AND ANSWERS 100% score (reupdated 2025) A farmer is willing to pay $1,200 per acre. He is planning to buy the SE 1/4 of the SE 1/4 of the SE 1/4 of section 2. How much will he pay for the land? There are 640 acres in 1 section. - Correct Answers ✅$12,000 If the potential gross rental income from a property is $20,000, the vacancy rate is 5 percent, and the additional income from the laundry facilities and extra storage is $700, what is the effective gross income? - Correct Answers
✅$19,700
A parcel of vacant land 80 feet wide and 200 feet deep was sold for $200 per front foot. How much money would a salesperson receive for her 60% share in the 10% commission? - Correct Answers ✅$960 The current market value of a property is $255,000 and it assessed at 35% of its current market value with an equalization factor of 1.25. What is the amount of real estate tax due if the tax rate is $3.50 per $100 of assessed value? - Correct Answers ✅$3,904.69 What is the net operation income if the property appraised for $420,000 and the capitalization rate was 6%? - Correct Answers ✅$25,200 1 / 3
Real Estate Exam (Math Portion), Real Estate Math Practice Past Exam QUESTIONS AND ANSWERS 100% score (reupdated 2025) The current market value of a property is $35,000. For tax purposes, it is assessed at 40% of market value. The tax rate is $4 per $100 of assessed value. What is the amount of the tax due? - Correct Answers ✅$560 If the gross multiplier is 6 and the gross income is $40,000 how much is the property with based on the GRM method? - Correct Answers ✅$240,000 If a borrower must pay one point for a $90,000 loan, how much money must he or she pay? - Correct Answers
✅$900
The net operating income of the downtown office building is $34,786 per year. If the appraiser determines the market rate for the building is best explained with a 7% capitalization rate, what is the appraised value? - Correct Answers
✅$496,942
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$1,250 - Correct Answers ✅What was the price per front foot for a 100' x 125' lot that sold for $125,000? 2 / 3
Real Estate Exam (Math Portion), Real Estate Math Practice Past Exam QUESTIONS AND ANSWERS 100% score (reupdated 2025) $15,200 - Correct Answers ✅IF the savings and loan gives you a 90 percent loan on a house valued at $190,000, how much additional cash must you produce as a down payment if you have already paid $3,800 in earnest money?$1,194.00 - Correct Answers ✅What is the total cost of a driveway 15' wide, 40' long, and 4" thick if the concrete cost $60 per cubic yard and the labor costs $1.25 per square foot?$51,000 - Correct Answers ✅An owner agrees to list his property on the condition that he will receive at least $47,300 after paying a 5 percent broker's commission and paying $1,150 in closing costs. At whit price must it sell?$1,314 - Correct Answers ✅Two brokers split the 6 percent commission equally on a $146,000 home. The selling sales person, Joe, was paid 70 percent of his broker's share. The listing salesperson, Janice, was paid 30 percent of her broker's share. How much did Janice receive.10,626.63 sq ft - Correct Answers ✅Find the number of square feet in a lot with a frontage of 75 feet, 6 inches, and a depth of 140 feet, 9 inches.
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