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Illinois Real Estate Exam Prep: Chapter 57- Real Estate Calculations with Complete Solutions

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Illinois Real Estate Exam Prep: Chapter 57- Real Estate Calculations with Complete Solutions Illinois Real Estate Exam Prep: Chapter 57- Real Estate Calculations with Complete Solutions Illinois Real Estate Exam Prep: Chapter 57- Real Estate Calculations with Complete Solutions Illinois Real Estate Exam Prep: Chapter 57- Real Estate Calculations with Complete Solutions What is the difference between semiannual, biannual, and biennial? - ANSWER-- Semiannual means twice per year at 6-month intervals. - Biannual means twice per year. - Biennial means every two years. What is a perimeter? - ANSWER-The distance measured around the outside of a geometric shape. When dealing with equivalent amount, what is equivalent to 1/10? - ANSWER-10% or 0.10 What is the formula to calculate the amount of a real estate commission? - ANSWER-I = P x R (Commission Income = Sales Price x % Rate)

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