Real Estate Math
A 1/4 section of Nebraska farmland sells at $8,200/acre. The total sale price is:
A$1,312,000✓ Correct
B$1,024,000
C$820,000
D$1,640,000
Explanation
1/4 section = 160 acres. Total = 160 × $8,200 = $1,312,000. Using the values given ($8,200), apply the appropriate formula.. The correct answer is $1,312,000.. This is a common calculation on the Nebraska real estate exam.
Related Nebraska Real Estate Math Questions
- A Nebraska property management company charges 8% of collected rents. In a month where $18,500 in rents are collected, what is the management fee?
- A property is purchased for $185,000. The buyer finances 80% with a mortgage. What is the down payment?
- A Nebraska commercial lease is $18/sq ft/year for 2,500 sq ft. Monthly rent is:
- A salesperson receives 60% of the commission and the broker receives 40%. The total commission on a $280,000 sale at 5.5% is split how much to the salesperson?
- A commercial property in Lincoln has an NOI of $95,000 and is purchased at a 7.6% cap rate. What is the purchase price?
- A seller wants to net $180,000 after paying a 6% commission. What must the property sell for?
- A home appreciates 4% per year. If it is currently worth $250,000, what will it be worth in 2 years?
- A seller nets $215,000 after a 5% commission and $4,100 in closing costs. What was the sale price?
Practice More Nebraska Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Nebraska Quiz →