Real Estate Math
A rectangular parcel in Alaska measures 660 feet by 1,320 feet. How many acres does it contain?
A10 acres
B15 acres
C20 acres✓ Correct
D40 acres
Explanation
Area = 660 ft × 1,320 ft = 871,200 sq ft. Divide by 43,560 sq ft/acre = 20 acres. This is 1/32 of a section (1 square mile = 640 acres).
Related Alaska Real Estate Math Questions
- A 10-unit apartment building in Anchorage generates $1,200/month per unit. Vacancy and credit loss is 5%. What is the Effective Gross Income (EGI) per year?
- An Alaska property sold for $315,000, which was 5% more than the original listing price. What was the original listing price?
- A Fairbanks property is assessed at 85% of its market value of $300,000. The property tax rate is $12 per $1,000 of assessed value. What is the annual property tax?
- An Alaska broker receives a 6% commission on a sale. The broker pays the listing salesperson 50% and the selling salesperson 40% of their respective halves. The sale price is $480,000. How much does the selling salesperson earn?
- A borrower obtains a 30-year, $240,000 mortgage at 7% annual interest. The monthly payment factor is $6.65 per $1,000 borrowed. What is the approximate monthly payment?
- An Alaska property sold for $350,000. The seller's remaining mortgage balance was $185,000, commission was 6%, and other closing costs were $2,500. What are the seller's net proceeds?
- A buyer in Alaska makes an offer of $325,000 with 5% down. The lender requires a loan-to-value not exceeding 95%. What is the maximum loan amount?
- An Alaska buyer obtains a 30-year, $240,000 mortgage at 7% annual interest. What is the first month's interest payment?
Practice More Alaska Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Alaska Quiz →