Real Estate Math
A West Virginia property with 0.75 acres sells at a price of $65,000. What is the price per acre?
A$75,000
B$86,667✓ Correct
C$48,750
D$65,000
Explanation
Price per acre = $65,000 / 0.75 = $86,667. Using the values given ($65,000), apply the appropriate formula.. The correct answer is $86,667.. This is a common calculation on the West Virginia real estate exam.
Related West Virginia Real Estate Math Questions
- A West Virginia property is listed at $240,000. The buyer offers 95% of list price. What is the offer amount?
- A West Virginia property sold for $195,000. The seller paid 3% in selling agent commission and 3% in buyer's agent commission. The seller also paid $2,500 in closing costs. What was the seller's total cost of sale?
- A West Virginia investor purchases a small rental property for $120,000 and receives $950 per month in rent. What is the gross rent multiplier (GRM)?
- A West Virginia property is listed at $225,000 and sells for 96% of list price. What is the sale price?
- A West Virginia property has a market value of $225,000. The assessment ratio is 60% and the tax rate is $12 per $1,000 of assessed value. What is the annual property tax?
- A West Virginia investor wants an 8% return on a $400,000 investment property. What annual net operating income is required?
- A West Virginia landlord rents a 1,200 sq ft commercial space at $15 per sq ft per year. What is the monthly rent?
- A West Virginia property is purchased for $180,000 with a 10% down payment. What is the loan amount?
Practice More West Virginia Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free West Virginia Quiz →