Real Estate Math
A triangular lot in South Carolina has a base of 200 feet and a height of 150 feet. What is the area?
A12,000 sq ft
B15,000 sq ft✓ Correct
C22,500 sq ft
D30,000 sq ft
Explanation
Area of triangle = (Base × Height) ÷ 2 = (200 × 150) ÷ 2 = 30,000 ÷ 2 = 15,000 sq ft. Apply the appropriate real estate math formula to arrive at the answer..
Related South Carolina Real Estate Math Questions
- A South Carolina investor purchases a property for $325,000 and receives $1,950/month in rent. What is the annual gross rent yield?
- A real estate commission is split 50/50 between listing and selling brokers. The listing broker further splits 60/40 with their salesperson. If the total commission on a $350,000 sale at 6% is $21,000, how much does the listing salesperson earn?
- A South Carolina property manager has 45 units with $850/month rent. Vacancy is 8% and expenses are $12,000/year. What is the annual NOI?
- A South Carolina seller pays a 5.5% commission on a $415,000 sale. The listing broker splits equally with the buyer's broker. What does the listing broker's office receive?
- A South Carolina property has a list price of $265,000. The buyer offers 96% of list price. What is the offer price?
- A South Carolina home is appraised at $315,000. The buyer makes a 20% down payment. What is the LTV on the resulting mortgage?
- A South Carolina property's annual gross income is $72,000. Operating expenses are $28,800. What is the expense ratio?
- A South Carolina property's NOI is $42,000 per year. If the cap rate is 7%, what is the property's value?
Practice More South Carolina Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free South Carolina Quiz →