TX Real Estate Exam Prep-Math Problems Questions and Answers | Latest Version | 2025/2026 | Correct & Verified

TX Real Estate Exam Prep-Math Problems Questions and Answers | Latest Version | 2025/2026 | Correct & Verified What is the sales price of a home sold at $125 per square foot with a total area of 1,600 square feet? $200,000 If a buyer puts down 15% on a $240,000 home, how much is the down payment? $36,000 What is the loan amount on a $300,000 property with a 20% down payment? $240,000 A broker earns a 6% commission on a $450,000 sale. What is the total commission? $27,000 If a commission of $18,000 is split 60/40 between broker and agent, how much does the agent receive? $7,200 What is the monthly mortgage payment on a $120,000 loan at $8 per $1,000? 2 $960 A property produces $2,400 per month in rent. What is the annual gross income? $28,800 If annual expenses are $9,600 and gross income is $28,800, what is the net operating income? $19,200 A lot measures 75 feet by 120 feet. What is its total square footage? 9,000 square feet How many acres are in a tract containing 87,120 square feet? 2 acres A homeowner pays $3,600 annually in property taxes. What is the monthly tax amount? $300 If property taxes are $2.50 per $100 of assessed value, what are the annual taxes on a $200,000 home? $5,000 What is the price per square foot of a $275,000 home with 2,200 square feet? 3 $125 per square foot If a buyer pays $1,500 in rent each month, what is the total rent paid over 18 months? $27,000 A real estate investment earns $12,000 annually on a $150,000 investment. What is the rate of return? 8% What is the total commission on a property sold for $385,000 at 5%? $19,250 A rectangular parcel measures 200 feet by 300 feet. How many acres is the parcel? Approximately 1.38 acres If a buyer assumes a loan balance of $180,000 on a $240,000 purchase, how much equity does the seller have? $60,000 A lender charges 2 discount points on a $220,000 loan. How much is paid in points? $4,400 4 What is the monthly principal and interest payment if it is $7 per $1,000 on a $210,000 loan? $1,470 A property rents for $1,250 per month. If vacancy is estimated at 8%, what is the effective annual income? $13,800 What is the total cost of a property listed at $310,000 with closing costs equal to 3%? $319,300 If a broker’s commission is 6% and the listing broker keeps half, what does the listing broker earn on a $500,000 sale?