David Saks' Blog

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Industry Observer - TN LIC# 290452
David Saks is a musician, retired real estate broker, and long-time ActiveRain member. David's blog features important information relevant to the safety, integrity and security of the industry. In addition to his widely read real estate fraud blog, a comprehensive overview of real estate continuing education is a weekly addition for his subscribers and the ActiveRain community at-large. Thank you for subscribing to and for visiting David's ActiveRain home on the internet. Please join. Membership in ActiveRain will enrich your life !

ARCHIVED BLOG POSTS

2010 

                                                            #870 How many section comprise a township ? Please take your time. The solution is posted below the wildlife photo. A. 36 sections 36 sections = 1 township (6 miles long and 6 miles wide) each section equals one square mile. Remember tha...
10/24/2010
                                                             #869 How many acres are there in a township section ?Please take your time. The solution is poste below the wildlife photo. A. 640 640 Acres = 1 Section Also remember that there are 36 sections in a township. A township is a territorial...
10/24/2010
                                                     #868 A buyer purchased a commercial lot 75 feet wide by 165 feet deep and later sold it for $1,935.00 per front foot. What was the selling price of the commercial lot ? Please take your time. The solution is below the wildlife photograph. A.  $...
10/24/2010
                                                            #867 Armando Corea bought a square lot which was 10 thousand square feet. He's going to build a house on it which is 45 feet squared and with an average height including the basement of 30 feet. The costs are $250 per front foot for the ...
10/24/2010
                                                      #866 What would the quarterly interest be on a $600,000 loan which has an annual interest rate of 5.5% ? Please take your time. The solution is below the royalty free wildlife photograph. A.  $8250 Multiply the annual interest rate of 5.5% tim...
10/24/2010
                                                    #865 Compute the excavation cost for a cellar 25 feet wide , 30 feet long and 5 feet deep at a cost of $29.00 per cubic yard. Please take your time. You'll find the solution below the wildlife photo at the bottom of the page. A. $4027.78 Multipl...
10/24/2010
                                                       #864 A borrower has a principal balance on his mortgage of $600 thousand dollars. His interest rate is 5.5% and his taxes and insurance total $10,800 annually. His monthly payment is $6000 dollars. What is the principal balance after he makes...
10/24/2010
                                                            #863 The net amount a seller received for his property, after the broker had deducted a sales commission of 5% and an allowance of 400 dollars for advertising, was $908,000. What was the selling price of the house ? Take your time. The s...
10/24/2010
                                                      #862 How many acres are there in a parcel of land 600 feet by 300 feet ? Please take your time. The answers are posted below the wildlife photo. A.  4.132231 Multiply 600 feet times 300 feet and we have a total of 180,000 square feet. If one a...
10/24/2010
                                                         #861 If sixteen acres of commercial land sell for $720,000, how much will 200 acres cost ? Take your time. The answer is posted below the wildlife photograph. A. 9 million dollars Divide 720 thousand by sixteen to get the price per commerci...
10/24/2010
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David Saks

Broker / Industry Analyst
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