1) The sale price of a home is $290,000. The buyer has a 95% LTV for mortgage on the property. Interest is at 7.5%. Payments of principal and interest are $1850/mo. after the first monthly payment is made, what is the loan balance?

2) A home lists for $350,000. The seller receives $333,700 after paying a 6% commission. What is the selling price of the home?

3) An appraiser estimates that the replacement cost new of a building is$520,000.The building has an economic life of 70 years and a remaining life of 58 years.What is the current value of the building?

4) A lot has a depth of 180 and an area of 49,500 sq feet. If the property sells for $700 per front foot, what is the price?

5) a house is sold for $350,000. Earnest money of $75,000 is placed into escrow and the buyer obtains a loan for the balance. The lender charges the buyer 3 points on the loan. What is the total cash used by the buyer for the purchase?.

6) an office rents for $650/mo and is 14 X 24. What is the annual rent per sq foot?

7) a property is sold ad settles April 15^th. Annual taxes of $4800 have been paid by the seller. Who will get the credit and for how much?

8) a seller landlord collects the April rent from 6 tenants: 2 at %700/ mo. And 4 at $ 1200/mo. What amount would the seller credit the buyer if he sells and settles or April 11^th?

9) A home is valued at $430,000 and has a 60% mortgage loan on it. Interest is at 8%. Payments of principle and interest are $1900/ mo. After the first monthly payment is made what is the loan balance?