Real Estate Math
What is the price per square foot of a 1,850 sq ft Indiana home that sells for $277,500?
A$125
B$130
C$150✓ Correct
D$160
Explanation
Price per square foot = $277,500 ÷ 1,850 = $150 per sq ft. Using the values given ($277,500), apply the appropriate formula.. The correct answer is $150.. This is a common calculation on the Indiana real estate exam.
Related Indiana Real Estate Math Questions
- A property in Indianapolis sells for $320,000. The listing broker charges a 6% commission split equally between buyer's and seller's brokers. How much does each broker receive?
- An Indiana commercial building has 15,000 usable square feet. The building's load factor is 15%. What is the rentable square footage?
- A commercial property sold for $1,200,000 with a 4% commission. If the listing broker and cooperating broker split it 60/40, how much does the cooperating broker receive?
- A seller wants to net $250,000 after paying a 5.5% commission. What must the property sell for?
- A buyer puts 20% down on a $375,000 home in Carmel, Indiana. What is the loan amount?
- A commercial property produces monthly gross rents of $8,500. Using a gross rent multiplier (GRM) of 120, what is the estimated value?
- A listing expires after 90 days. The seller asks for the total days from January 15 to April 15. How many days is that (non-leap year)?
- An Indiana investor's property generates a monthly NOI of $4,200. At a 7% cap rate, what is the property value?
Practice More Indiana Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Indiana Quiz →