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Question 1 of 60
1. Question
A rectangular living room is 18 feet in length and 20 feet in width. What is its square footage?
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Question 2 of 60
2. Question
If a bedroom measures 12 feet by 15 feet and an adjoining bathroom is 6 feet by 8 feet, what is the total square footage of both rooms combined?
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Question 3 of 60
3. Question
Calculate the square footage of an Lshaped lot with dimensions: 30 feet by 40 feet for the larger section and 20 feet by 20 feet for the smaller section.
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Question 4 of 60
4. Question
A triangular plot of land has a base of 50 feet and a height of 30 feet. What is its area in square feet?
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Question 5 of 60
5. Question
An irregularly shaped property consists of a square plot of 100 feet on each side and a rectangular extension of 30 feet by 50 feet. What is the total area?
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Question 6 of 60
6. Question
Calculate the square footage of a circular garden with a diameter of 14 feet.
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Question 7 of 60
7. Question
If a homeowner purchased their house for $180,000 and wants to list it at a 15% profit, what should the listing price be?
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Question 8 of 60
8. Question
A property bought for $350,000 has appreciated by 10% over five years. What is the current listing price if the owner decides to sell?
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Question 9 of 60
9. Question
For a property that needs to sell at a 20% profit over the buying price of $220,000, what is the minimum listing price?
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Question 10 of 60
10. Question
An investor wants to list a property at a 25% markup from their purchase price of $400,000. What listing price should they set?
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Question 11 of 60
11. Question
If a seller needs to make a $50,000 profit on a property purchased for $200,000, what would be the listing price?
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Question 12 of 60
12. Question
A home was renovated for a total cost of $75,000 after purchase. If the total investment (purchase plus renovation) needs to yield a 30% profit, and the purchase price was $325,000, what is the listing price?
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Question 13 of 60
13. Question
What is the total interest paid on a $200,000 loan over 30 years at a fixed annual interest rate of 3.5%?
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Question 14 of 60
14. Question
A loan of $150,000 is taken with an annual interest rate of 4% for 15 years. How much interest is paid annually?
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Question 15 of 60
15. Question
Calculate the monthly interest payment for a $250,000 mortgage at a 5% annual interest rate.
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Question 16 of 60
16. Question
If $10,000 is invested in a savings account with an annual interest rate of 2.5%, how much interest will be earned after 4 years?
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Question 17 of 60
17. Question
A car loan for $20,000 with a 5year term has an annual interest rate of 6%. What is the total amount of interest paid by the end of the term?
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Question 18 of 60
18. Question
For a $500,000 mortgage with a 20year term at a 3% annual interest rate, what is the total interest paid over the life of the loan?
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Question 19 of 60
19. Question
Calculate the loantovalue ratio for a property worth $300,000 with a mortgage amount of $250,000.
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Question 20 of 60
20. Question
If a buyer puts down $50,000 on a home priced at $250,000, what is the loantovalue ratio of the mortgage?
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Question 21 of 60
21. Question
A property buyer secures a loan for $180,000 to purchase a home valued at $225,000. What is the LTV ratio?
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Question 22 of 60
22. Question
For a loan amount of $270,000 on a property valued at $300,000, calculate the loantovalue ratio.
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Question 23 of 60
23. Question
If a buyer makes a 20% down payment on a house costing $400,000, what is the loantovalue ratio for their mortgage?
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Question 24 of 60
24. Question
A property is purchased with a loan of $200,000 and a down payment of $40,000. If the total price of the property is $240,000, what is the LTV ratio?
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Question 25 of 60
25. Question
How much commission does an agent earn from the sale of a house priced at $350,000 at a rate of 6%?
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Question 26 of 60
26. Question
If a real estate agent sells a property for $600,000 with a commission rate of 5%, what is the total commission earned?
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Question 27 of 60
27. Question
A commercial property sells for $1.5 million, and the agent’s commission rate is 3%. Calculate the commission.
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Question 28 of 60
28. Question
For a series of transactions totaling $5 million in sales, with a commission rate of 2.5%, what is the total commission?
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Question 29 of 60
29. Question
An agent sells two homes, one for $250,000 and another for $450,000, earning a 4% commission on each. What is the total commission?
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Question 30 of 60
30. Question
If an agent needs to earn a commission of $15,000 from a single sale and the commission rate is 3%, what must be the minimum sale price of the property?
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Question 31 of 60
31. Question
If a property is purchased for $500,000 and has an annual gross rent of $50,000, what is the Gross Rent Multiplier (GRM)?
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Question 32 of 60
32. Question
A property with a GRM of 8 generates $40,000 in annual gross rent. What was the purchase price of the property?
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Question 33 of 60
33. Question
If an investor is looking for a property with a GRM of 12 and expects annual gross rent of $60,000, how much should the investor be willing to pay for the property?
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Question 34 of 60
34. Question
A real estate investor calculates the GRM of a property to be 9 after paying $450,000 for it. What is the annual gross rent?
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Question 35 of 60
35. Question
What is the GRM of a property that was purchased for $750,000 and brings in an annual gross rent of $100,000?
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Question 36 of 60
36. Question
If a property generates an annual net operating income (NOI) of $50,000 and is valued at $625,000, what is the capitalization rate?
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Question 37 of 60
37. Question
A commercial property with a capitalization rate of 7% has an annual NOI of $70,000. What is the property’s value?
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Question 38 of 60
38. Question
If a property is purchased for $2,000,000 and generates an NOI of $180,000, what is the capitalization rate?
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Question 39 of 60
39. Question
A property’s value is $750,000 with a capitalization rate of 6%. What is its annual net operating income?
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Question 40 of 60
40. Question
What is the capitalization rate of a property valued at $1,500,000 with an annual NOI of $120,000?
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Question 41 of 60
41. Question
If a lot is 0.25 acres in size, how many square feet does it contain?
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Question 42 of 60
42. Question
Convert 0.75 acres to square feet.
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Question 43 of 60
43. Question
A property is 0.5 miles long. How many feet is this?
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Question 44 of 60
44. Question
If a plot of land is 0.2 miles wide, how many feet wide is it?
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Question 45 of 60
45. Question
A real estate parcel is 0.4 acres in size. How many square feet are in this parcel?
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Question 46 of 60
46. Question
If you have a loan of $200,000 with an annual interest rate of 5%, how much interest will you pay in one year?
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Question 47 of 60
47. Question
A $150,000 mortgage has an annual interest rate of 4%. What is the monthly interest payment?
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Question 48 of 60
48. Question
If you borrow $250,000 at a 6% annual interest rate, how much total interest will you pay over a 5year term?
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Question 49 of 60
49. Question
What is the total interest paid on a $100,000 loan at 3% interest per year over 3 years?
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Question 50 of 60
50. Question
A $300,000 loan is taken out at an annual interest rate of 7%. How much interest is paid in the first year?
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Question 51 of 60
51. Question
If a borrower earns $4,000 per month and the lender’s debttoincome ratio limit is 28%, what is the maximum monthly mortgage payment for which the borrower could qualify?
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Question 52 of 60
52. Question
A couple wants to buy a house and they have a combined monthly income of $6,000. If the lender requires a debttoincome ratio of no more than 36% for all debts, including the new mortgage, and they have $400 in other monthly debt payments, what is the maximum monthly mortgage payment they could qualify for?
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Question 53 of 60
53. Question
If a single borrower earns $3,500 per month and the bank requires a maximum mortgagetoincome ratio of 31%, what is the highest monthly mortgage payment for which the borrower could qualify?
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Question 54 of 60
54. Question
A family’s monthly income is $5,500. With a debttoincome ratio limit of 33% for housing and they already spend $300 on other debt obligations each month, what is the maximum mortgage payment they could qualify for?
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Question 55 of 60
55. Question
If an individual has a gross monthly income of $4,500 and wants to qualify for a mortgage, and the lender uses a 29% housing expense ratio, what is the largest monthly mortgage payment the individual can qualify for, assuming no other debts?
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Question 56 of 60
56. Question
A property’s market value is $500,000, and the local assessment rate is 70%. What is the assessed value?
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Question 57 of 60
57. Question
If an office building has a market value of $800,000 and is assessed at 80% of its market value, what is the assessed value?
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Question 58 of 60
58. Question
A residential property is valued at $250,000 by the county, and the assessment ratio is 60%. What is the property’s assessed value?
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Question 59 of 60
59. Question
For a parcel of land with a market value of $120,000 and an assessment rate of 75%, what is the assessed value?
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Question 60 of 60
60. Question
A homeowner’s property is assessed at 85% of its $400,000 market value. What is the assessed value?
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