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Real Estate Formulas Quiz

Authored by Elizabeth Coughlin

Business

12th Grade

Used 5+ times

Real Estate Formulas Quiz
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the formula for calculating the adjusted basis of an investment property?

Basis + cost of improvements + qualified closing costs – realized depreciation

Principal x interest rate

Length x width

Full market value x uniform percentage

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How do you calculate the area of a square footage?

1/2 x base x height

Length x width

Square footage x price per square foot

Principal x interest rate

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the formula for annual interest?

Principal x interest rate

Full market value x uniform percentage

Sales price x down payment (%)

Total cost of points ÷ number of points

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How do you convert square footage to acreage?

Square footage ÷ 43,560

Length x width

1/2 x base x height

Principal x interest rate

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How is the max monthly payment (back-end) calculated?

Monthly income x payment-to-income ratio

Monthly income x debt-to-income ratio - other debt

Monthly income ÷ debt-to-income ratio

Monthly income + other debt

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How do you calculate the month 2 balance of an amortization schedule?

Original principal balance - P1

Original principal balance + P1

Original principal balance ÷ P1

Original principal balance x P1

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the formula for monthly interest?

Annual interest ÷ 12 months

Annual interest x 12 months

Annual interest + 12 months

Annual interest - 12 months

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