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By David Saks
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A commercial building was a nice downtown two story structure. This particular building had ground measurements of 46 feet by 80 feet. The height of the first story of this building was 16 feet. The height of the second story of the building was 14 feet. The contractor estimated the cost of repr...
By David Saks
Comments 0
An investor wants to subdivide a ten acre tract into 50 by 100 foot lots each, after making an allowance for 85,600 square feet for roads. How many lots can the investor divide the tract into ? The answers, along with the corresponding solution, will be posted below the photographs at the bottom...
By David Saks
Comments 0
              Bob is working on a 50/50 split with his brokerage. He sells the South half of the North East quarter  of Section 27, Township 8 North, Range 14 East of the 6th Principal Meridian for $21,000 an acre. The commission arrangement with the brokerage 5% on the first $200,000, 3% on the ...
By David Saks
Comments 0
A contract was signed for the sale of a commercial property. The property was listed for 600 thousand dollars. At the time of the sale 120 thousand dollars was put down on the purchase and the balance was payable in monthly installments of 5 thousand dollars for each installment which includes t...
By David Saks
Comments 0
Bob decided to build a building with a flat roof 130 feet long, 30 feet wide and 24 feet high. Don offers to build it for 89 dollars a square foot. Sonny says that he'll build it for $4.50 per cubic foot. How much will Bob save if he awards the building contract to Don ? The answers, along with ...
By David Saks
Comments 0
An investor bought two lots for 30 thousand dollars each. He divided them into three lots and sold them for 24 thousand dollars each. What was his percentage profit after he sold all three ? The answers, along with the corresponding solution, will be posted below the photographs at the bottom of...
By David Saks
Comments 0
You've just signed a listing with a seller to sell a parcel of land 495 feet wide by 1,320 feet deep. The selling price of the parcel is $20,000.00 an acre. What's the total price of the parcel ? The answers, along with the corresponding solution, will be posted below the photographs at the bott...
By David Saks
Comments 0
What the cost for the excavation of a basement 25 feet wide, 30 feet long, and 5 feet deep at $30 per cubic yard ? The answers, along with the corresponding solution, will be posted below the photographs at the bottom of the page, so spend a little time on it before you make your way to the bott...
By David Saks
Comments 0
An investor bought a place that has a net income of 85 thousand dollars a year. How much would he have paid for the property if he wanted to realize an 8 percent return on the investment ? The answers, along with the corresponding solution, will be posted below the photographs at the bottom of t...
real estate fraud: Real Estate Fraud Report for Saturday November 15, 2014 - 11/14/14 10:27 PM … (0 comments) real estate fraud: Another Shyster Gets Five Years In Jail for Fraud and Jury Obstruction - 11/14/14 09:58 PM Attorney Sentenced to Five Years in Prison for Defrauding Investors of More ...
By David Saks
Comments 10
An investor bought two lots for 40 thousand dollars each. He decided to divide the parcel into three lots and then sold each parcel for 30 thousand dollars. (A.) How much did the investor make after he sold the three parcels ? (B.) What percentage of profit did the investor realize on his invest...
By David Saks
Comments 4
A two story house cost $856,800 to build in a beautiful new exclusive development on the east side of the county in Memphis. The house has a frontage of 34 feet, a depth of 28 feet and is 30 feet high, including a finished basement, what is the cost of the house per cubic foot ? The answers, alo...
By David Saks
Comments 0
A commercial lot with a frontage of 75 feet and a depth of 120 feet was sold by a broker for a price of 20 dollars per square foot. The purchaser agreed to be responsible for the sewer costs and paving of the lot at a rate of $55 per front foot. The buyer said that he would list the property and...
By David Saks
Comments 2
A lot was sold to an investor that was 75 feet wide by 110 feet deep. The price was $87,500. (A.) What was the price of the lot per front foot ? (B.) What was the price of the lot per squre foot ? The answers, along with the corresponding solution, will be posted below the photographs at the bot...
By David Saks
Comments 0
$75.00 is 5% of how much ? Hope this difficult problem doesn't give you a headache ! :-) I feel pretty confident that you'll get through it just fine. The answers, along with the corresponding solution, will be posted below the photographs at the bottom of the page, so spend a little time on it ...
By David Saks
Comments 0
The landlord receives $48,000 a year net income from his investment of $600,000 in a multi-unit apartment complex. What is the percentage of earned return that he receives from his investment ? The answers, along with the corresponding solution, will be posted below the photographs at the bottom...
By David Saks
Comments 0
A buyer purchased an investment property for $120,000. His gross income from the property was $23,000 a year. His annual expenses for the property were $11,000 a year. What was the rate of return that he earned on his investment ? The answers, along with the corresponding solution, will be poste...
By David Saks
Comments 0
How much additional cash does the buyer have to come up with in addition to his 5000 dollar deposit if the lender allows him 85% LTV on a $515,000 home ? The answers, along with the corresponding solution, will be posted below the photographs at the bottom of the page, so spend a little time on ...
By David Saks
Comments 0
  We know that an acre of land is equal to 43,560 square feet. How much will the lot cost at 8800 dollars an acre if the lot is 132 feet by 330 feet ? The answers, along with the corresponding solution, will be posted below the photographs at the bottom of the page, so spend a little time on it b...
By David Saks
Comments 0
What will the taxes be for six months on a commercial property valued at $413,000 if the tax rate is $2.27 per 100 dollars of valuation during the current tax year ? The answers, along with the corresponding solution, will be posted below the photographs at the bottom of the page, so spend a lit...

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