Reference no: EM132788212
MATH FOR REAL ESTATE:
1. Calculating the commission when commission rate and sale price are known: A broker sold a 560,000 property and earned a commission of 6%. How much was the commission?
2. The current annual tax bill on a property you have listed is 3,600, and the tax rate is 3%. What is the assessed value?
3. How many acres are in the NE ¼ of the N1/2 of section 22?
4. Mr. Newton owned a 6-unit dental building and lot valued at 225,000. The adjusted cost basis was 185,000 and the property was mortgaged for 137,000. He exchanged with the owner of a store building valued at 198,000 with a 125,000 mortgage. Newton also received 25,000 in cash boot. What is newton's actual and taxable gain?
5. An income property showed a value of 300,000 when capitalized at a rate of 6%. Anew investor wishing to purchase the same property employed an appraiser who used a capitalization rate of 8%. According to this appraiser, what would the value of the property be?
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What would the value of the property be
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