Real Estate Math
A 30,000 square foot lot is how many acres? (1 acre = 43,560 sq ft)
A0.59 acres
B0.69 acres✓ Correct
C0.79 acres
D0.89 acres
Explanation
Acres = 30,000 ÷ 43,560 = 0.6887 ≈ 0.
People Also Study
Related Idaho Questions
- A lot measures 1.5 acres. How many square feet is this? (1 acre = 43,560 sq ft)Real Estate Math
- An Idaho property has 3.5 acres. How many square feet is this?Real Estate Math
- An Idaho commercial building has 15,000 leasable square feet. The owner wants a minimum $22/sq ft annually in base rent. The tenant is offered a 5-year lease at $20/sq ft with 3% annual escalations. After 5 years, what is the annual rent per square foot?Real Estate Math
- How many questions are on the Idaho real estate salesperson licensing exam?Idaho License Law
- An Idaho real estate license that has been expired for more than how many months requires the licensee to retake and pass the licensing exam?Idaho License Law
- A rectangular lot measures 150 feet wide by 200 feet deep. What is the area in acres? (1 acre = 43,560 sq ft)Real Estate Math
- What is 'price per square foot' used for in Idaho real estate analysis?Property Valuation
Key Terms to Know
Amortization
The gradual repayment of a loan through scheduled periodic payments that cover both principal and interest.
Adjustable-Rate Mortgage (ARM)A mortgage with an interest rate that changes periodically based on a financial index, usually after an initial fixed-rate period.
Loan-to-Value Ratio (LTV)The ratio of a mortgage loan amount to the appraised value or purchase price of a property, expressed as a percentage.
Debt-to-Income Ratio (DTI)A lender's measure of a borrower's monthly debt obligations relative to their gross monthly income, used to evaluate loan eligibility.
Math Concepts
Study This Topic
Practice More Idaho Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Idaho Quiz →