1. You are in the process of buying a $200,000 home and plan to put 25% down and finance the rest with a 30-year mortgage loan at 3.25% interest, with 2 discount points due at closing. How much will the 2 discount points cost you?
2. A rental property has 2,000 vacant square feet. If the total rentable area of the property is 16,000 square feet. If the property owners wanted to decrease their vacancy rate to 5%, what is the total amount of occupied square feet they would need to rent out?
3. You are an agent working for ABC Realty in Omaha and recently sold a $600,000 home as a buyer’s exclusive agent. The listing agreement indicated that a 6% commission would be paid at closing. What is the total commission paid by the seller at closing?