

Real Estate Calculation Concepts
Interactive Video
•
Mathematics
•
9th - 10th Grade
•
Practice Problem
•
Hard
Thomas White
FREE Resource
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9 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main purpose of the video tutorial?
To teach cooking skills
To review math concepts for state and school tests
To discuss historical events
To provide entertainment
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How do you calculate the new rental rate when the index increases?
Subtract the old index from the new index
Multiply the old rate by the new index
Divide the new index by the old index and multiply by the original rent
Add the old index to the new index
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the formula to determine the net operating income (NOI)?
Operating Expenses divided by Effective Gross Income (EGI)
Operating Expenses minus Effective Gross Income (EGI)
Effective Gross Income (EGI) plus Operating Expenses
Effective Gross Income (EGI) minus Operating Expenses
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Using the aged life method, how do you find the depreciated value of a building?
Multiply the effective age by the useful life
Divide the effective age by the useful life and multiply by the building's value
Add the effective age to the useful life
Subtract the effective age from the useful life
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the homestead exemption for a property assessed at $178,000?
$50,000
$100,000
$25,000
$75,000
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of documentary stamps in property transactions?
To increase the property's value
To provide insurance for the property
To decorate the property
To serve as a tax on the transaction
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How is the proration of interest calculated for an assumed mortgage?
By dividing the annual interest by 12
By multiplying the principal by the interest rate and dividing by 365
By adding the principal and interest rate
By subtracting the interest rate from the principal
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