Real Estate MathIntermediateDelaware Exam
A Delaware commercial building has 10,000 sq ft of rentable space. The annual rent is $18 per sq ft. What is the annual gross rental income?
A$162,000
B$180,000Correct
C$144,000
D$200,000
Why $180,000 Is Correct
Answer B: $180,000
Annual gross rental income = Rentable Area × Annual Rent per sq ft = 10,000 × $18 = $180,000. Using the values given ($18), apply the appropriate formula..
Exam Tip: Real Estate Math
Math questions are formula-based. Memorize the key formulas: commission splits, proration, cap rate (NOI ÷ Value), GRM (Price ÷ Gross Rent), and LTV (Loan ÷ Value). Practice converting between annual and monthly figures.
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