Real Estate Math
A rectangular Maryland lot measures 125 feet by 200 feet. How many square feet is the lot?
A20,000 sq ft
B25,000 sq ft✓ Correct
C30,000 sq ft
D32,500 sq ft
Explanation
Area = 125 × 200 = 25,000 square feet. Remember: 1 acre = 43,560 square feet.
People Also Study
Related Maryland Questions
- A Maryland lot is 25,000 square feet. How many acres is this? (1 acre = 43,560 sq ft)Real Estate Math
- A Maryland rectangular commercial lot is 150 feet wide by 300 feet deep. The area in acres (1 acre = 43,560 sq ft) is approximately:Real Estate Math
- Maryland's Chesapeake Bay Critical Area Act protects tidal waters and land within how many feet of the Bay?Environmental (alternative)
- How many hours of pre-license education are required to sit for the Maryland real estate salesperson exam?Maryland License Law
- The Maryland real estate salesperson licensing exam consists of how many questions?Maryland License Law
- Under Maryland's Chesapeake Bay Critical Area regulations, development in the Buffer zone (within 100 feet of tidal waters) is:Environmental
- In Maryland, a commercial tenant's common area maintenance (CAM) charges typically cover:Property Management (alternative)
- In Maryland, a property management company that manages both a condo association's common elements and sells individual units within the same building may have a:Agency (alternative)
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 Maryland Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Maryland Quiz →