Real Estate Math
A rectangular South Dakota commercial building is 60 feet wide and 120 feet deep. What is the square footage?
A360 sq ft
B3,600 sq ft
C7,200 sq ft✓ Correct
D72,000 sq ft
Explanation
Area = 60 ft × 120 ft = 7,200 square feet. Apply the appropriate real estate math formula to arrive at the answer..
People Also Study
Related South Dakota Questions
- A South Dakota rectangular commercial lot is 200 feet wide by 300 feet deep. What is the lot area in square feet?Real Estate Math
- A South Dakota commercial lot is 150 feet wide and 200 feet deep. The seller wants $12 per square foot. What is the asking price?Real Estate Math
- In South Dakota, a commercial tenant's 'CAM charges' (common area maintenance) include:Property Management
- A South Dakota commercial lease is quoted at $12 per square foot per year for 2,500 square feet. What is the monthly rent?Real Estate Math
- A lot measures 150 feet wide by 200 feet deep. What is the area of the lot in acres? (1 acre = 43,560 sq ft)Real Estate Math
- Asbestos in a South Dakota commercial building built before 1980 is regulated under:Environmental
- A South Dakota commercial tenant has a lease with a right of first refusal to purchase the building. If the owner receives an offer to sell, the tenant must be:Property Management
- A South Dakota farm property was used for decades to store and apply pesticides. Before purchasing this property, a commercial buyer should most likely conduct:Environmental
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 South Dakota Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free South Dakota Quiz →