Real Estate Math
A rectangular Nebraska agricultural parcel measures ¼ mile by ½ mile. How many acres is this?
A40 acres
B80 acres✓ Correct
C160 acres
D320 acres
Explanation
One section = 1 mile × 1 mile = 640 acres. ¼ mile × ½ mile = ⅛ section = 640 ÷ 8 = 80 acres. Remember: 1 acre = 43,560 square feet. Multiply or divide as needed to convert between units.. The correct answer is 80 acres.. This is a common calculation on the Nebraska real estate exam.
Related Nebraska Real Estate Math Questions
- A 640-acre Nebraska section has a road running diagonally through it. A triangular parcel is carved out that measures a base of 1 mile and height of 0.5 miles. What is the area of the triangular parcel in acres?
- A Nebraska investor pays $675,000 for a property and receives NOI of $60,750. What is the cap rate?
- A home's assessed value is $210,000 at 85% of market value. What is the estimated market value?
- If a property has a NOI of $45,000 and a cap rate of 7.5%, what is the estimated value?
- A Nebraska broker manages a trust account with the following activity: deposits $12,000, disburses $8,500 in earnest money to closing. The ending balance should be:
- A Nebraska property's assessed value is $195,000. The assessment ratio is 100% of market value. The mill rate is 22 mills. Annual property taxes are:
- A broker earns a 6% commission on a $450,000 sale. The listing and buyer's agent sides split it 50/50. The buyer's agent is with a different brokerage and earns a 60/40 split with their broker (agent gets 60%). How much does the buyer's agent earn?
- A Nebraska farmland parcel is described as the NW¼ of Section 14, Township 5N, Range 3W. How many acres does this parcel contain?
Practice More Nebraska Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Nebraska Quiz →