{"id":52961,"date":"2025-05-08T23:01:05","date_gmt":"2025-05-09T06:01:05","guid":{"rendered":"https:\/\/getrealestatelicenses.com\/?post_type=resources&#038;p=52961"},"modified":"2025-05-15T18:06:37","modified_gmt":"2025-05-16T01:06:37","slug":"ubc-examination-sample-math-question","status":"publish","type":"resources","link":"https:\/\/getrealestatelicenses.com\/resources\/ubc-examination-sample-math-question\/","title":{"rendered":"UBC Examination \u2013 Sample Math Question"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"52961\" class=\"elementor elementor-52961\">\n\t\t\t\t\t\t<div class=\"elementor-inner\">\n\t\t\t\t<div class=\"elementor-section-wrap\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-91a3933 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"91a3933\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-20e79ec1\" data-id=\"20e79ec1\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8ef77b6 elementor-widget elementor-widget-text-editor\" data-id=\"8ef77b6\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p>Bruce signs a contract of purchase and sale with Sandy to buy her home for $200,000. The completion and adjustment date is set at November 15th. It is NOT a leap year. The commission payable is 3% of the selling price. Bruce has made a deposit of $3,000 which has passed to Bruce\u2019s lawyer to be deposited in a trust account until the completion date. Sandy agrees to accept Bruce\u2019s SUV as part payment equal to $5,000. Bruce borrows a loan of $60,000 from RBC. Current year\u2019s property taxes are $800, which Sandy has paid on time. For legal and registration fees, Bruce\u2019s lawyer will charge $400. Sandy will be paying out a judgment registered against the tile to her house in the amount of $2,500 along with the legal fee of removing it, which is $120. Bruce\u2019s lawyer to will handle this transaction for both parties. As no exemptions apply to this transaction, property transfer tax will be payable upon completion.<\/p><p>Bruce\u2019s share of the year\u2019s property taxes will appear on Sandy\u2019s statement of adjustments as a:<\/p><ol><li>A debit of $103.01<\/li><li>A debit of $100.82<\/li><li>A credit of $103.01<\/li><li>A credit of $100.82<\/li><\/ol>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-16300df7 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"16300df7\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-4b783287\" data-id=\"4b783287\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7612a9f7 elementor-widget elementor-widget-text-editor\" data-id=\"7612a9f7\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-b2bbe79\" data-id=\"b2bbe79\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2294bd40 elementor-widget elementor-widget-shortcode\" data-id=\"2294bd40\" data-element_type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-shortcode\"><div class=\"resource-detail-shortcode-wrap\">\n<div class=\"resource-detail-shortcode-item\"><div class=\"resource-detail-value-text\"><img src=\"\/wp-content\/uploads\/2025\/05\/resource-Language-i.svg\" alt=\"\">\u8bed\u8a00:<\/div>\u82f1\u8bed<\/div><div class=\"resource-detail-shortcode-item\"><div class=\"resource-detail-value-text\"><img src=\"\/wp-content\/uploads\/2025\/05\/resource-course-i.svg\" alt=\"\">\u8bfe\u7a0b:<\/div><div class=\"resource-detail-text-value\"><a href=\"https:\/\/getrealestatelicenses.com\/resources-categories\/mortgage\/\">Mortgage<\/a>, <a href=\"https:\/\/getrealestatelicenses.com\/resources-categories\/rental-management\/\">Rental Management<\/a>, <a href=\"https:\/\/getrealestatelicenses.com\/resources-categories\/trading\/\">Trading<\/a><\/div><\/div>\t<\/div>\n\n\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Bruce signs a contract of purchase and sale with Sandy  [&hellip;]<\/p>\n","protected":false},"featured_media":53364,"template":"","meta":{"inline_featured_image":false},"resources_categories":[136,135,137],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - 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