Real Estate Math
A 1-mile square contains how many acres?
A320 acres
B480 acres
C640 acres✓ Correct
D720 acres
Explanation
A section (1 square mile) contains exactly 640 acres. This is a fundamental measurement in the rectangular survey system used in Idaho.
Related Idaho Real Estate Math Questions
- A broker manages 5 properties with average monthly rents of $1,400 each. The management fee is 8%. What does the broker earn per month from management fees?
- A rectangular parcel measures 660 feet by 1,320 feet. How many acres does this contain? (1 mile = 5,280 feet; 1 section = 640 acres)
- A buyer obtained a $180,000 loan at 7% for 30 years. The monthly payment factor for a 7%, 30-year loan is $6.65 per $1,000. What is the monthly principal and interest payment?
- A property was purchased for $300,000 and sold 5 years later for $400,000. What is the total percentage increase in value?
- A property manager charges 10% of collected monthly rents. The building generates $8,500/month in rents with a 5% vacancy rate. What is the manager's monthly fee?
- A property has a gross income multiplier (GIM) of 8 and annual gross income of $85,000. What is the indicated value?
- An Idaho property is assessed at $342,000 and the annual tax rate is 1.2%. Taxes are paid in two equal installments in June and December. What is each installment?
- An Idaho property owner pays property taxes of $4,380 annually. If the tax rate is 1.2% of assessed value, what is the assessed value?
Practice More Idaho Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Idaho Quiz →