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 !



                                                             A commercial lot is assesed at 60 thousand dollars. The tax rate has been established to reflect $15.55 per $1000 of assessed valuation. What is the amount of the property tax ? Take your time. The answer is posted below the wildlife ph...
                                                           A broker has 1.87 acres of land listed with himlisted with him for sale at 22.50 per square foot. What was the total selling price of the acreage ? Take your time. The answer is posted below the wildlife photo ? A. $1,832,787 We know that...
                                                       A percentage lease calls for a minimum rent of $3000 per month and 4% of the gross business in excess of $1,500,000. If the total rent paid at the end of the year was $48,000, how much business did the tenant do during the year ? Take your ti...
                                                               What are the two most important factors to be considered when determining the tax rate ? This is a real toughy, so make sure you take your sweet time and think it over real carefully before you scribble your answer down on your scrap ...
                                                            A  business property valued at $1,000,000 should return a monthly income of what amount if the annual investment income represents 16% on the total earnings yearly? Take your time. The answer is posted below the wildlife photogtraph. A. ...
                                                         A commercial lot is rectangular and has a frontage of 760 feet and a depth of 500 feet.How many acres does the lot contain ?Please take your time. The solution posted below the wildlife photo. A. 8.72 acres 760 ft*500 ft=380000 square feet/...
                                                         What would a property be worth if the net return is $9500 per month and the yearly earning is 8% return on the investment ?Please take your time. The solution is posted below the wildlife photograph. A. $1,425,000 9500 monthly*12 months=114...
                                                   In a twelve unit apartment building, three units rented for $1000 per month each, two of the units rented for $1250 each per month, and one of the units rented for $1500 per month.The rest of the units, six of them, were efficiencies and rented f...
                                                       What is the area of a square-acre lot in terms of feet on each side ?Take your time. the solution is posted below the wildlife photo. A. 208.7 feet on each side If there are 43,560 square feet in an acre take out your calculator and put 43,56...
                                                            How many section comprise a township ? Please take your time. The solution is posted below the wildlife photo. A. 36 sections 36 sections = 1 township (6 miles long and 6 miles wide) each section equals one square mile. Remember that a t...

David Saks

Broker / Industry Analyst
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