Real Estate Math
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 ft✓ Correct
C35,000 sq ft
D40,000 sq ft
Explanation
Area = Width × Depth = 150 ft × 200 ft = 30,000 square feet. Remember: 1 acre = 43,560 square feet. Multiply or divide as needed to convert between units.. The correct answer is 30,000 sq ft.. This is a common calculation on the Delaware real estate exam.
Related Delaware Real Estate Math Questions
- A Delaware investor receives a 9% annual return on a $350,000 investment property. What is the annual income?
- A Delaware property has an annual NOI of $42,500. Using a cap rate of 6.5%, what is the estimated market value?
- Delaware's realty transfer tax is 3% of the purchase price, split equally. How much does the buyer pay in transfer tax on a $340,000 sale?
- A salesperson earns a 60% share of their brokerage's 3% co-op commission on a $495,000 sale. How much does the salesperson earn?
- A Delaware seller's asking price is $345,000. The property has been on the market 60 days and the seller agrees to reduce the price by 4%. What is the new asking price?
- A Delaware commercial lease has a base rent of $18 per square foot per year for 3,500 square feet. What is the monthly rent?
- A Delaware investor buys a rental property for $350,000 and puts 25% down. The monthly mortgage payment (P&I) is $1,495. The property generates $2,200/month rent. Monthly operating expenses are $600. What is the monthly cash flow after mortgage?
- A Delaware broker's monthly gross commission income is $18,500. The office overhead is 30% of GCI. The broker's take-home is $18,500 minus overhead. What is the broker's monthly income?
Practice More Delaware Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Delaware Quiz →