Real Estate MathIntermediateDelaware Exam
A rectangular lot in Delaware measures 150 feet wide by 200 feet deep. How many square feet is the lot?
A25,000 sq ft
B30,000 sq ftCorrect
C35,000 sq ft
D40,000 sq ft
Why 30,000 sq ft Is Correct
Answer B: 30,000 sq ft
Area = Width × Depth = 150 ft × 200 ft = 30,000 square feet. Remember: 1 acre = 43,560 square feet.
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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