Real Estate Math
A rectangular Arizona lot measures 150 feet wide by 200 feet deep. What is the area in square feet?
A700 sq ft
B30,000 sq ft✓ Correct
C35,000 sq ft
D25,000 sq ft
Explanation
Area = length × width = 150 ft × 200 ft = 30,000 square feet. Remember: 1 acre = 43,560 square feet.
Related Arizona Real Estate Math Questions
- A property sells for $540,000. The commission is 5.5% total. The listing broker and buyer's broker split it 55%/45%. How much does the buyer's broker receive?
- A property is 2.5 acres. How many square feet is this?
- An Arizona agent earns a 3% commission on a $550,000 commercial sale. The agent's broker takes a 30% desk fee off the top before splitting 60/40 with the agent. How much does the agent receive?
- A lender requires a maximum 43% debt-to-income (DTI) ratio. A borrower has monthly debt payments of $750 and gross monthly income of $5,800. Can they add a mortgage payment of $1,200?
- A buyer wants a 30-year mortgage at 7% interest. Monthly payment factor is $6.653 per $1,000. If their maximum monthly payment is $2,200, what is the maximum loan amount?
- A seller must net $240,000 after paying a 6% commission. What must the property sell for? (Round to the nearest dollar)
- Using the cost approach, a property has land valued at $80,000 and improvements that cost $320,000 to build but have depreciated 25%. What is the estimated value?
- If a listing is taken at a 6.5% commission and the listing office retains 3% while the selling office receives 3.5%, what does each office earn on a $285,000 sale?
Practice More Arizona Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Arizona Quiz →