Real Estate Math
A Wyoming ranch of 640 acres sells for $2,560,000. What is the price per acre?
A$2,500
B$4,000✓ Correct
C$25,000
D$400
Explanation
Price per acre = $2,560,000 ÷ 640 acres = $4,000 per acre. Using the values given ($2,560,000), apply the appropriate formula..
Related Wyoming Real Estate Math Questions
- If a Wyoming property is 660 feet wide and 1,320 feet deep, how many acres is it?
- A Wyoming buyer finances $260,000 at 6% annual interest, 30-year term. Using a factor of $6.00 per $1,000, what is the approximate monthly P&I payment?
- A Wyoming ranch sells for $1,200,000. The broker charges a 5% commission. How much is the commission?
- A Wyoming buyer obtains a $200,000 mortgage at 7% annual interest. What is the first month's interest payment?
- A Wyoming buyer makes an offer on a $280,000 home. The lender requires a 20% down payment. What is the required loan-to-value ratio and loan amount?
- A Wyoming home closes on September 1. Annual property taxes of $3,600 are paid in arrears on December 31. Using a 360-day year, how much does the seller owe the buyer in prorated taxes at closing?
- A Wyoming property has an NOI of $45,000 and the buyer wants a 9% cap rate. What is the maximum price the buyer should pay?
- A Wyoming salesperson sells a property for $625,000 at a 6% total commission. The commission is split 50/50 between listing and selling brokers. The selling salesperson earns 70% of the selling brokerage's share. How much does the selling salesperson earn?
Practice More Wyoming Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Wyoming Quiz →