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?

How many acres are in the S 1/4 of the SE 1/4 of Section 10 and the N 1/2 of the NW 1/2 of Section 3 and the N 1/2 of the NE 1/4 of Section 16?

A house fronts on two roads running at right angles to each other. The house touches one road for 2,660 feet and on the second road for 1,980 feet. Another property line is parallel to the shorter of the two roads and runs for 2,660 feet. The final boundary is a straight line connecting the open ends. How many acres does the property contain?

Ned, a salesperson working for Broker George, received a 45% share of a 8% commission. His share came to $9,000. What was the selling price of the property?

Dave financed a $120,000 home with an 80% first mortgage from his local credit union, a 10% second mortgage from the seller and a 10% down payment. The seller offered terms of 9.5% INTEREST ONLY on the second mortgage. What are Johnson’s monthly payments on the second mortgage?

The net income of an apartment building went down $200 per month when a freeway was built nearby. If investors demand a 10% capitalization rate for this area, how much has the building lost in value?

How many square feet of cement would be needed for a 7-foot wide continual sidewalk around the outside edge of a 60 foot by 90 foot corner lot?

Ted paid $85,000 for a house, putting up a 15% cash down payment and borrowing the balance at 8.5% interest. The loan is payable over 30 years with monthly payments of $560, including principal and interest. If Ted makes the payments as scheduled, the percentage that the original cost of the house increased because of the use of credit is?

Rita Morgan has $86,576 left on her 8.5% mortgage. Her monthly payment is set at $852.56 for principal and interest (she pays her own taxes and insurance). How much of her next payment will go to reduce the principal?

A lender is providing 90% of the financing for a new house. If the house appraises for $75,000, what is the buyer’s down payment?

Investors want to build an apartment house which will have a gross income of $3,000 per month and annual expenses of $7,000. The investors require a 8% capitalization rate on the investment. If the improvements cost $175,000, how much can the investors pay for the land?

An apartment has total operating expenses of $75,000 a year and income of $750 a month for each of its 15 units. If an investor wants a 12% return on his money, what is the value of this property to him?

Steve sold his home which had no loans against it. He received a settlement check from escrow for the amount of $96,400 after paying escrow fees of $1,365.00 plus a 6% real estate broker’s commission. What was the selling price?

If a person borrowed $10,000 on a straight note and paid $50 interest every 90 days, what would be the interest rate?

The Hatchers have a gross income of $60,000. The lender wants them to spend no more than 28% of their income on their housing expenses. A house they can buy for $240,000 has $2,400 in annual property taxes. Homeowners insurance would cost about $400 a year. At today’s interest rates, monthly payments would be $6.65 per $1,000 borrowed on a 30-year mortgage. What is the smallest amount they can expect to spend for a cash down payment?

Jessie Petersen makes a written offer to buy Sam Lewis’s house for $120,000. She confides in Sam’s agent, George Smith, that if necessary she’d pay $10,000 more, but she doesn’t want Sam to know that. George should:

Bob took a listing providing for a 6% commission on the sales price of $210,000. Sue made an offer at the listed price, but did not complete the transaction. The seller declared a forfeiture of the 5% deposit. A provision in the deposit receipt provides that the broker will receive half of the buyer’s deposit in the event of the buyer’s default. Under these circumstances, the broker is entitled to:

A homeowner has a balance of $149,570.75 remaining on the mortgage. The interest rate is 9.5% and the monthly payment is $1,303.55. After the next two payments, the balance will be:

In order to be able to earn $90.00 per month from an investment that yields a 6% return, you must invest?

Lot “X” is an acre. Lot “Z” is 2/3 of the size of lot “X.” Lot Z was purchased for $16,000. The two lots were divided into as many parcels as possible, all measuring 110′ by 82.5′ each. Each parcel was sold for $6,500. The total selling price was 25% profit on the original investment. What was the purchase price of lot “X?”

Kevin Holstead, the owner of a commercial building, estimates the depreciation of the physical plant at $15,000, the furniture and fixtures at $8,000, and the machinery at $7,500. If he is in the 40% bracket, his tax savings would be:

Steve bought a piece of property for 25% less than the listed price. He later sold it for the listed price. His gain was:

Property “A” has a monthly gross income of $500. Property “B” has a monthly gross income of $900. Using a monthly gross multiplier of 120 and calculating the difference in value between the two properties, the result would be:

What is the salesperson’s 45% of a 6% commission on a $31,000 sale?

A loan was made for $14,000 at an interest rate of 6% per year for a 20-year period. The total interest that would be paid over the entire loan period if the monthly payment for this fully amortized loan is $7.17 per $1,000, would be approximately: