Real Estate Math
A tenant pays $1,500 per month for a 2,000 sq ft office space. What is the annual rent per square foot?
A$8.00
B$9.00✓ Correct
C$9.50
D$10.00
Explanation
Annual rent = $1,500 × 12 = $18,000. Rate per sq ft = $18,000 ÷ 2,000 = $9.
Related Arkansas Real Estate Math Questions
- A buyer needs to borrow $175,000. The lender charges 2 points. How much are the points?
- An investor bought a property at $200,000 and sold it 4 years later for $260,000. What is the average annual appreciation?
- A property contains 3 acres. How many square feet is that? (1 acre = 43,560 sq ft)
- A listing agreement states the seller wants to net $185,000 after paying a 6% commission. What must the property sell for (rounded to nearest dollar)?
- A commission of 5% was paid on a $420,000 sale. The selling office receives 55% of the total commission. How much does the selling office receive?
- A property depreciates $6,000 per year. It was purchased for $210,000, and the land was valued at $50,000. After 5 years, what is the depreciated value of the improvements?
- A home sold for $340,000. Closing costs were 3% of the sale price. What were the total closing costs?
- A 1031 (like-kind) exchange requires the replacement property to be identified within how many days of the sale?
Practice More Arkansas Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Arkansas Quiz →