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20 Cards in this Set
- Front
- Back
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A parcel of land contains 80 acres. A developer has reserved 25% of the land for street and green space. Applicable zoning require a minimum of 9,500 square feet per residential lot. The number of permissible lots is? |
275 |
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A parcel of land contains 80 acres. A developer has reserved 25% of the land for street and green space. Applicable zoning require a minimum of 9,500 square feet per residential lot. The number of permissible lots is? |
275 |
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A parcel of land contains 80 acres. A developer has reserved 25% of the land for street and green space. Applicable zoning require a minimum of 9,500 square feet per residential lot. The number of permissible lots is? |
275 |
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A residential zoning category requires at least 10,000 square feet per lot. The developer is reserving 25% of the land to streets and sidewalks. The tract of land for development consist of 120 acres. How many residential lots are available for development ? |
392 lots |
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A buyer was defrauded by a real estate licensee. The buyer is awarded a judgement against the licensee in the amount of $7,000 damages plus $2,300 for attorney fee and the court cost the buyers has been unable to collect on the judgment, but it is determined that the buyer may seek reimbursement from the real estate Recovery funds. How much can the buyer Recover from the Fund? |
$7,000 |
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A buyer was defrauded by a real estate licensee. The buyer is awarded a judgement against the licensee in the amount of $7,000 damages plus $2,300 for attorney fee and the court cost the buyers has been unable to collect on the judgment, but it is determined that the buyer may seek reimbursement from the real estate Recovery funds. How much can the buyer Recover from the Fund? |
$7,000 |
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Homeowners originally purchased a new home for $225,000. During the period of ownership the homeowners spent $27,500 in capital improvements. When the homeowners sold the home 15 years later for $359,900 they paid a brokerage fee of 5% of the sale price and paid out of pocket closing cost totaling $2,550. What is the homeowners capital gain from the sale? |
$86,855 |
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The just value of a homesteader property in lean county is 425,800. The consumer price index for the previous year was 2% the property's just value increased the maximum allowed under the save our home amendment. By what percentage did the just value increase? |
2% |
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A development company purchased 1,000 acres of land from a foreign seller for $2,850,000. Federal law requires the buyer to withhold From the seller and pay to the IRS approximately? |
$427,500 |
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A homesteaded single family residence has an assessed value of $92,800. The owner is a 25% service - disabled what is the total homestead tax exemption? |
$55,000 |
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An investor purchased a commercial building in January for $524,900. The contract specified that 80% of the purchase price be allocated to the structure, and the remaining purchase price be allocated to the land. What is the annual depreciation deduction? |
$10,767 |
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The market value of an apartment $475,900. The investor has leveraged $380,720. What is the investor's equity in the property? |
$95,180 |
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The market value of an apartment building is $475,900 the investor has leverage $380,720. What is the investiré equity in the property? |
$95,180 |
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The loan to Value ratio is 80%. A buyer want to acquire a property with a purchase price of $116,000. Calculate the required down payment? |
$23,200 |
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A home was purchased with a down payment of $50,000 and a loan of $200,000 at 6% interest for 20 years. Monthly payments are $1,432.86. What is the loan to value ratio? |
80% |
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A limited partnership plans to purchase an apartment building that has a monthly net income of $5,200 and monthly expenses of $1,400. Of the partnership is to get a 12% return on its investment, what should it pay for the property? |
$520,000 |
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An income producing property has a potential annual gross income of $98,500. Vacancy and collection losses are estimated at 10% of potential gross income . Expenses are estimated at $45,000. The estimated value of the property is $350,000. What is the capitalization rate for this property? |
12.47% |
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An appraiser is calculationg the reproduction coat New of a home using the comparative square foot method. The appraiser measured the exterior dimensions of the home, which were 30 feet by 55 feet, plus a detached garage measuring 22 feet by 24 feet. The appraiser consults an accepted cost manual and estimates the reproduction cost for heated and air conditioned living area to be $90.50 per square foot and the finished free standing garage to be $58.00 per square foot. What is the reproduction cost New of the improvement? |
$179,949 |
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A home has 2,000 square feet living area and 48 square feet of garage. The reproduction cost new is $98 per square foot for living area and $54 per square foot for finished garage area. The site measure 75 feet wide by 120 feet deep and is value at $5 per square foot. The economic life of the structure is estimated to be 69 years. The house is 10 years old. What is the value of the property using the cost depreciation approaching (round figures to the nearest dollar) ? |
$230,562 |
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An income producing property has a projected effective gross income of $65,000. Expenses are estimated at 29% of effective gross income. An appraiser has determined that an appropriate capitalization rate is 8%. What is the estimated market value of this property? |
$650,000 |
