Real Estate Math
A 10-acre parcel is priced at $32,000 per acre. How much would a buyer pay for exactly 2.5 acres?
A$64,000
B$80,000✓ Correct
C$100,000
D$32,000
Explanation
Cost = 2.5 acres × $32,000/acre = $80,000.
Related California Real Estate Math Questions
- A property has a $250,000 loan at 7.2% annual interest. The monthly payment is $1,700. How much of the FIRST monthly payment goes to principal?
- A property sold for $680,000. The California county documentary transfer tax is $0.55 per $500 of the sale price. What is the transfer tax owed?
- A property sells for $415,000. The buyer puts 10% down and the lender charges a 1% loan origination fee. What is the loan origination fee?
- A loan has a balance of $285,000. Monthly interest charged is $1,662.50. What is the annual interest rate?
- A rental property has a monthly gross income of $4,200 and a vacancy rate of 5%. What is the effective gross income per year?
- A seller nets $180,000 after paying a 6% commission. What was the original sale price? (Round to nearest dollar)
- A 5,000 sq ft commercial space rents for $2.50 per square foot per month. The landlord charges a 6% property management fee on gross rents. What is the monthly management fee?
- Property taxes of $3,600 are paid for the full year. The property sells with a closing date of April 1 (day 91 of 365). How much does the seller owe the buyer in prorated taxes? (Use 365-day year)
Practice More California Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free California Quiz →