Principles Quiz 15 Rooks

Principles Quiz 15 Rooks - El Camino Real Estate Principles...

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1 El Camino Real Estate Principles Quiz 15 1. If you sell your home for $350,000, which represents a 40% profit, what was the amount of your profit? A. $70,000 C. $250,000 B. $100,000 D. none of the above 2. If a $52,500 loan was made on a property, and this was equivalent to 70% of the appraisal value, what was the amount of the appraisal value? A. $90,000 C. $50,000 B. $80,000 D. $75,000 3. If a man buys two lots for $18,000 each, and then creates three lots from the two he purchased and sells them for $15,000 each; what is his percentage of profit? A. 15% C. 25% B. 20% D. 30% 4. If a note for $3,740 is sold at a discount for $2,431, the rate of discount from the face amount is? A. 25% C. 45% B. 35% D. none of the above 5. How much is a 7% commission on a $120,000 sale? A. $5,833 C. $8,400 B. $7,350 D. $17,142 6. The process of proportionately dividing expenses or income to a precise date is? A. Depreciation
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Principles Quiz 15 Rooks - El Camino Real Estate Principles...

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