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.
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ARCHIVED BLOG POSTS
2008
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What will the taxes be for six months on a commercial property valued at $413,000 if the tax rate is $2.27 per 100 dollars of valuation during the current tax year ? The answers, along with the corresponding solution, will be posted below the photo...
10/04/2008
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What is the annual interest rate on a five thousand dollar loan when the quarterly interet payments are $93.75 ? The answers, along with the corresponding solution, will be posted below the photographs at the bottom of the page, so spend a litt...
10/04/2008
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Larry's monthly mortgage payment is $665.50. The interest rate on the loan is 6 percent, and the outstanding balance is $111,000. When Larry makes this month's payment, what amount of the total payment will be applied to interest and what a...
10/04/2008
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The owner wants to net $456,500 for his property. He'll pay the broker 6%. What does he have to sell the property for to get what he's seeking after the broker's commission is paid ? The answers, along with the corresponding so...
10/04/2008
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The owner of a farm told the farm bureau that 1/4 of his farm wasn't usable. He also told the bureau that 3/5 of his farm was being plowed. The rest of the farm which was 60 acres of uncultivated, but usable, land was all that remained. W...
10/04/2008
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A lot 75 feet wide by 115 feet deep is assessed at $24 per front foot. The House is assessed at 4.8 times that of the lot. The tax rate is 68 mills. What are the annual taxes ? The answers, along with the corresponding solution, will be posted bel...
10/04/2008
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The seller listed his home for a price which exceeded the appraisal by 18%. He lowered the lisiting price to $218,000. What was the original listing price ? The answers, along with the corresponding solution, will be posted below the photog...
10/04/2008
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A developer bought a parcel of land 1680' by 2040'. How many 1/3 acre sites can he derive from this parcel if he sets aside 18% of the parcel total for streets and a senior citizens center ? The answers, along with the corresponding solution, ...
10/04/2008