Real Estate Math
A rectangular lot measures 150 feet wide by 200 feet deep. What is its area in acres? (1 acre = 43,560 sq ft)
A0.52 acres
B0.69 acres✓ Correct
C0.75 acres
D1.38 acres
Explanation
Area = 150 × 200 = 30,000 sq ft. Acres = 30,000 ÷ 43,560 = 0.689 acres, approximately 0.69 acres. Remember: 1 acre = 43,560 square feet. Multiply or divide as needed to convert between units.. The correct answer is 0.69 acres.. This is a common calculation on the Arizona real estate exam.
Related Arizona Real Estate Math Questions
- An Arizona homeowner wants to net $280,000 after paying a 6% commission. What is the minimum sale price needed?
- A buyer's loan has a principal balance of $320,000 at 6% annual interest. What is the first month's interest portion of the payment?
- A 1-acre lot sells for $87,120. What is the price per square foot? (1 acre = 43,560 sq ft)
- An investor purchases a property for $200,000 and makes $25,000 in improvements. If the property then sells for $280,000 and the investor pays a 5% commission, what is the return on investment (ROI)?
- A property generates $36,000 annual gross rent. The vacancy and credit loss is 5%. What is the effective gross income (EGI)?
- A loan amortizes over 30 years. The monthly payment factor is $5.99 per $1,000 borrowed. The loan amount is $280,000. What is the monthly payment?
- A buyer obtains a 90% LTV loan on a $380,000 property. What is the down payment?
- A property manager manages 40 units at $950/month average rent. The vacancy rate is 7.5%. What is the effective gross monthly income?
Practice More Arizona Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Arizona Quiz →