Real Estate MathIntermediateDelaware Exam
How many acres is a lot that measures 30,000 square feet? (1 acre = 43,560 sq ft)
A0.52 acres
B0.69 acresCorrect
C0.81 acres
D0.75 acres
Why 0.69 acres Is Correct
Answer B: 0.69 acres
Acres = 30,000 ÷ 43,560 ≈ 0.689 acres, which rounds to approximately 0.
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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