In the CMA example, equity is calculated as which of the following?

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Prepare for the Florida Real Estate Sales Associates Post-Licensing Exam with comprehensive quizzes, engaging flashcards, and insightful explanations. Boost your confidence and ready yourself for the exam with a tailored study approach!

Multiple Choice

In the CMA example, equity is calculated as which of the following?

Equity is the seller’s remaining interest in the property after removing the loan secured by the home. In a CMA, it’s shown as the sale price minus the mortgage payoff. This represents how much the owner would actually own after paying off the existing loan at closing, before counting selling expenses. If you wanted net cash to the seller after selling costs, you’d subtract selling expenses from that amount.

In the CMA example, equity is calculated as which of the following?

Prepare for the Florida Real Estate Sales Associates Post-Licensing Exam with comprehensive quizzes, engaging flashcards, and insightful explanations. Boost your confidence and ready yourself for the exam with a tailored study approach!

In the CMA example, equity is calculated as which of the following?

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