David Saks' Blog

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Industry Observer - TN LIC# 290452
David Saks is a musician, retired real estate broker, and long-time ActiveRain member. David's blog features important information relevant to the safety, integrity and security of the industry. In addition to his widely read real estate fraud blog, a comprehensive overview of real estate continuing education is a weekly addition for his subscribers and the ActiveRain community at-large. Thank you for subscribing to and for visiting David's ActiveRain home on the internet. Please join. Membership in ActiveRain will enrich your life !



                                                                The commission rate for selling a condominium was 5% of the first 100 thousand dollars and 2.5% for anything over that amount. The brokers commission was $7,300 What did the condominium sell for ? Answers below the wildlife photos. P...
                                                          A man bought a farm for 880 thousand dollars and sold it for one million dollars. The expenses he incurred from the sale of the farm were 10 thousand dollars. His profit was what percent of his cost ? Take your time. The answer is below th...
                                                     The municipality borrowed 2 million dollars for one year for the construction of an addition to a public school. If 550 thousand dollars in total interest was paid at the end of the year, what was the rate of interest ? The answer is posted bel...
                                                     A man took out a loan for $1500 at the loan rate 5.5% or 5 1/2% per annum. If he paid back the loan with 25 dollars in interest how long did he keep the money before he paid it back ? The answer is below the wildlife photo. Take your time. A. F...
                                                           A man borrows money for six months at 6% annual interest rate payable in advance. How much does he have to borrow in order to have 1000 dollars in cash immediately ? Answers and solution posted below the wildlife photo. Take your time. A....
                                                      I posted this to a blog and I was encouraged by a friend to post this to the community: Many agents are start up agents, new entry, new affiliates, and don't have the financial advantages of our more affluent realtors. It's difficult for them ...
                                                            If a property is assessed at $140,000 and the tax rate is $21 per $1000 of assessed value, how much will the owner be liable in taxes ? Answers posted below the wildlife photo. Take your time. A. $2940 Divide 140,000 by 1000 to get 140. ...
                                                            A salesman presents a listing on a parcel of land for 50 thousand dollars will only receive 10% of the totlal commission of 5% on the sale of the land. If a second sales agent sells the parcel of land and his brokerage is to receive half...
                                                       Here's an easy one for you. A real estate salesman receives a 5% commission for selling a house for $160,800. How much does the salesman receive, and how much will the owner receive after the salesman is paid ? Answers below the wildlife pict...
                                                    An investor receives $525 at the end of 6 months as a return on money invested at 6% per year. How much money has he invested ? Answers posted below the wildlife pictures. Take your time. A. $17,500 If $525 represents six months return, $1050 wo...

David Saks

Broker / Industry Analyst
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