Math Practice Test 1 By Information Hoard Staff - December 5, 2020 0 303 Welcome to Math Practice Test 1 Just like the real state exam, you must get 70% correct to pass! *Note: At the end if the submit button does not work, then you have missed a question. Click on previous and go back through all of the questions to find the missed one. Name Email 1. A broker lists and sells a property. She receives 5% commission which amounts to $7,800. What was the selling price of the property?$390$143,000$156,000$192,0002. An investor bought two lots for $12,000 each. He later divided the property into four lots and sold them for $8,000 each. What was his rate return?23.3%3.33%28.3%33.3%3. An investor purchased two lots for $30,000 each. She later divided the land into three lots and sold them for $25,000 each. What was her rate return?.10%.25%.31%.46%4. A property is sold for $120,000. The listing broker will receive a commission of 6% for selling the property. How much is his commission?$3,600$7,200$127,200$20,000,0005. A borrower borrows $6,000 and signs a note for it which must be paid off in 12 months with interest at 10%. The lender then immediately sells the note to an investor for $5,000. What is the investorâ€™s rate of return?.126.96.36.199. An investor is evaluating an income producing property. It produces a monthly net income of $3,200. If the investor wants to earn a 12% return, how much can he afford to pay for the property?$4,608$320,000$230,000$284,0007. A borrower borrows $10,000 and signs a note for it which must be paid off in 12 months with interest at 12%. The lender then immediately sells the note to an investor for $8,000. What is the investorâ€™s rate of return?.188.8.131.528. A borrower obtained a straight note of $12,000 for 6 months. At the end of the term of the note they made a payment for the entire principal and interest of $12,660. What was the interest rate on the note?.06.13.01.119. a broker lists a $200,000 property for a 6% commission. She agrees to pay 40% of the commission to any broker who sells the property as a sub-agent. If another broker sells the property, how much commission with the sub-agent earn?$4,800$7,200$6,400$2,40010. A sales person will receive 45% of a 6% commission for selling a property listed by his broker. If he sells a property for $150,000, how much will he earn?$4,050$4,950$540$67,500July 27, 2021 You have completed the Math Practice Test 1 Click on "Submit Quiz" to get your results. If the submit button does not work, then you have missed a question. Click on previous and go back through all of the questions to find the missed one. Time is Up! LIMITED TIME: Get 2 Free Stocks valued between $2.5-$1400 when you open and fund a Webull brokerage account.