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Question
A seller received a net amount of $29,817 after paying off a $53,000 loan balance, $1,213 in miscellaneous costs, and a 7% brokerage fee. What was the sale price of the house? (round to nearest dollar)a. $77,020
b. $84,030
c. $90,355
d. $90,360
Answer
This answer is hidden. It contains 101 characters.
Related questions
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The term "undivided interest" means
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Q:
a. actual eviction k. month-to-month leaseb. assignment l. net leasec. constructive eviction m. on-site managementd. contract rent n. participation clausee. CPM, RPA o. percentage leasef. gross lease p. rent concessiong. holdover tenant q. security deposith. landlord-tenant laws r. step-up renti. lessee s. sublesseej. lessor t. sublet1> the landlord2> the tenant3> partial transfer of rights held under a lease4> complete transfer of rights held under a lease5> one who holds a tenancy at sufferance6> example of a periodic estate7> specified rent increases at various points in time during the life of the lease8> a lease clause that allows the landlord to add to the tenants rent any increase in expenses during the life of the lease9> a lease where the amount of rent paid is related to the income the lessee obtains from the use of the premises10> describes leases wherein the tenant pays a fixed rent11> statutes that set forth the responsibilities and rights of landlords and tenants12> a lease wherein a tenant pays a base rent plus maintenance, property taxes, and insurance13> the party acquiring possession under a sublet agreement14> nonpayment of rent would be grounds for this15> the amount of rent the tenant must pay the landlord as stated in the lease agreement16> an unfit premises would be grounds for this17> an advance deposit given by a tenant to a landlord against which the landlord can deduct for unpaid rent or damage18> a premium, such as a free month's rent, given to entice a prospective tenant to sign a lease19> a resident manager would be in this category20> professional designations for property managers
Q:
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Q:
a. adjusted sales price k. front-foot basisb. ad valorem tax l. improvement districtc. amount realized m. installment methodd. appropriation process n. long-term capital gaine. assessed value o. mill ratef. assessment appeal board p. public improvementg. assessment roll q. special assessmentsh. basis r. tax certificatei. conveyance tax s. tax deedj. documentary tax t. tax lien1> a tax expressed in tenths of a cent per dollar of assessed valuation2> according to value3> a document issued at a tax sale that entitles the purchaser to a deed at a later date if the is not redeemed4> the enactment of a taxing body's budget and sources of money into law5> a book that contains the assessed value of each property in the taxing district6> a document conveying to property purchased at a tax sale7> a value placed on a property for the purpose of taxation8> assessments levied to provide publicly built improvements that will primarily benefit property owners within a small geographical area9> a charge or levy based directly on the measured distance that a parcel of land abuts a street10> sales price of a property less fix-up costs and sales commissions, closing and other selling costs11> a preferential income tax treatment on the sale of an appreciated asset before 198712> sale of an appreciated property structured to spread out the payment of income taxes on the gain13> hears complaints from property owners regarding their assessments14> a state or local tax charged on deeds at the time of recording15> the geographical area which will be assessed for a local improvement16> an improvement that benefits the public at large and is therefore financed by general property taxes17> a charge or hold by a government against property to ensure the payment of taxes18> the price paid for property; used in calculating income taxes19> a fee or tax on deeds and other documents payable at the time of recordation20> selling price of a home less selling expenses
Q:
A man bought a home two years ago and sold it a year later. You would expect to find his name and a reference to the home in the mortgagee index.