Real Estate Math
A square lot measures 220 feet on each side. What is the area in acres? (1 acre = 43,560 sq ft)
A1.11 acres✓ Correct
B1.21 acres
C1.35 acres
D0.98 acres
Explanation
Area = 220 × 220 = 48,400 sq ft. Acres = 48,400 ÷ 43,560 ≈ 1.11 acres. Remember: 1 acre = 43,560 square feet. Multiply or divide as needed to convert between units.. The correct answer is 1.11 acres.. This is a common calculation on the Alabama real estate exam.
Related Alabama Real Estate Math Questions
- An Alabama property appreciated 15% in one year. If it is now worth $460,000, what was the original value?
- Annual property taxes in Alabama are $2,400. Closing is on March 31. The seller owes taxes for January 1 through March 31 (90 days). How much does the seller owe at closing?
- A property's assessed value is $120,000. The tax rate is $15 per $1,000 of assessed value. What is the annual property tax?
- A rectangular lot measures 200 feet by 150 feet. What is the lot's area in acres? (1 acre = 43,560 sq ft)
- A lot measures 150 feet × 200 feet. How many acres is this? (1 acre = 43,560 sq ft)
- An Alabama agent earns a 3% commission on a $180,000 sale. How much is the commission?
- Transfer taxes in Alabama are $0.50 per $500 of the sale price. What is the transfer tax on a $275,000 sale?
- A property has an assessed value of $240,000. The assessment ratio is 20% of market value, and the tax rate is $35 per $1,000 of assessed value. What is the annual property tax?
Practice More Alabama Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Alabama Quiz →