
Real Estate Calculations Progress Exam 5
Authored by Anabel Ramos
Professional Development
University - Professional Development
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37 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
A man has an investment in a 30-unit rental property which was adjacent to a freeway. Because of its proximity to the freeway, the owner lost $250 per month in rent. If the capitalization rate were set at 15%, the loss in value to the property was:
$2,400
$2,000
$20,000
$24,000
$250 x 12 = $3,000 divided by .15 =
2.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Jay is the beneficiary on a trust deed. The annual interest rate is 8%. If in 5 years he has received $4,500 in interest, what is the principal amount of the loan?
$5,460
$11,050
$11,250
$65,000
$4,500 divided by 5 years = $900 interest per year. $900 divided by 8% =
3.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Ned just sold his house for 9% less than he paid for it. The selling price was $105,900. What was the original purchase price?
$111,500
$116,374
$112,500
$110,000
4.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
A $5,000 investment at 10% interest compounded annually earns how much in three years?
$1,200
$1,655
$1,400
$1,525
$5,000 x 10% = $500 (interest for 1st year). $5,000 + $500 = $5,500 x 10% = $550 (interest for the 2nd year). $5,500 + $550 = $6,050 x 10% = $605 (interest for the 3rd year). $500 + $550 + $605 =
5.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
If an income property is valued at $250,000 using a 6% capitalization rate, how much would an investor pay for the property if he demanded a 10% capitalization rate?
$225,000
$150,000
$300,000
$500,000
6.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Jerry spends 25% of her gross monthly income on her apartment rent of $600. What is her gross monthly income?
$1,500
$2,400
$2,000
$2,420
7.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Ben sold two parcels of land for $9,775 which was 15% higher than their cost four years ago. While Ben owned the parcels, he paid taxes each year at a rate of $7.00 per $100 on an assessed value of 30% of the purchase price. Assuming an annual loss of 4% imputed interest on Ben's original investment as an expense, how much did Ben lose on the transaction?
$650
$885
$799
None of the above
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