The commission rate has been established for selling an apartment house and was set at five percent of the first 150 thousand dollars, and three percent of the next 200 thousand dollars. The commission rate on the balance was 1.5 percent. The broker received a commission payment of $17100. What
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02/16/2015
A broker sold a lot 125 feet wide by 160 feet deep for $1.70 per square foot. The buyer paved the lot at a cost of $22.50 per front foot. What is the total amount that the buyer would have to ask for the property if he wants to make a profit of $2950 ? Please take your time. The solution is pos
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02/16/2015
An apartment building has a gross income of $11,340 per month and annual expenses of $25,000.What is the price a buyer would pay for the building to receive a net return of 8% on his investment ?Please take your time. The solution is posted below the wildlife photo. A. $1,388,500 First multiply
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02/16/2015
What would be the depth of a rectangular lot containing 1080 square yards with a frontage of 90 feet ? Take your time. The answer is posted below the wildlife photo. A. 108 square yards First find out how many square yards equal 90 feet by dividing 9 (the total number of square feet in one squar
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02/16/2015
A seller wants to trade his residence at a price of $157,500 subject to a mortgage with a balance of $62,400 for a multi-family housing unit with a price of $623,500 with a mortgage of $366,750. What's the amount of the total cash difference ? Remember to take your time. The solution is posted b
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02/16/2015
The selling price of a home was $930,000.The broker agreed to a commission of 5%.Other charges applied from escrow amounted to $9500.How much money did the seller receive at closing ? Remember to take your time. The solution is posted below the wildlife photo. A. $874,000Let's find out what the
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02/16/2015
If the interest rate is 4.5% and the monthly interest payment is $212.50, what is the principal sum due ? Please take your time. The solution is posted below the wildlife photo. A.$56,666.66 Easy !Multiply $212.50 times twelve months to get $2550 total interst payment and divide $2550 by 4.5% or
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02/16/2015
A man bought two 60 foot lots for thirty thousand dollars each and decided to divide them into three lots consisting of equal frontage. He sold each lot for $24,000.What the percentage of his gross profit ? Please take your time. The soluton is posted below the wildlife photo. A. 20% gross prof
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02/16/2015
What is the interest on $80,000 at 4.5 % per annum for nine months and fifteen days using a bankers calendar (360 days)? Please take your time. The solution is posted below the wildlife photo. A. $2850 Let's multiply the interest rate times the loan amount, 80,000 times 4.5% (.045) and we see th
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02/16/2015
See If This Groove Can Get Your Mojo Workin' ! Have a Great Day and Save Somebody's Home ! -David-
02/11/2015
