Real Estate Math
A Hawaii property has a building area of 3,200 sq ft on a lot of 8,000 sq ft. What is the floor area ratio (FAR)?
AA. 0.25
BB. 0.40✓ Correct
CC. 2.50
DD. 4.00
Explanation
FAR = Building Area / Lot Area = 3,200 / 8,000 = 0.40. Apply the appropriate real estate math formula to arrive at the answer.. The correct answer is B. 0.40.. This is a common calculation on the Hawaii real estate exam.
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