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A rectangular lot is 2.4 acres in size. If the width of the lot is 222 feet, what would be the length of the lot?
A rectangular lot is 2.4 acres in size. If the width of the lot is 222 feet, what would be the length of the lot?
- 481 feet
- 741 feet
- 471 feet (correct)
- 475 feet
How many square feet are contained within one acre?
How many square feet are contained within one acre?
- 43,560 sq.ft. (correct)
- 34,560 sq.ft.
- 34,650 sq.ft.
- 45,360 sq.ft.
How many square meters are equivalent to one hectare?
How many square meters are equivalent to one hectare?
- 10,000 sq.m. (correct)
- 1,000 sq.m.
- 43,560 sq.m.
- 640 sq.m.
A lot is measured to be 19,602 square feet. Approximately how many acres is this lot?
A lot is measured to be 19,602 square feet. Approximately how many acres is this lot?
If a property is currently valued at $325,000 and is expected to appreciate at an annual rate of 2.5%, what will be its approximate value in 4 years?
If a property is currently valued at $325,000 and is expected to appreciate at an annual rate of 2.5%, what will be its approximate value in 4 years?
A lot measures 145 feet by 450 feet. How many acres is this lot closest to?
A lot measures 145 feet by 450 feet. How many acres is this lot closest to?
A rectangular plot of land measures 3 yards in width and 18 yards in length. Determine the area of this rectangle.
A rectangular plot of land measures 3 yards in width and 18 yards in length. Determine the area of this rectangle.
A property is sold for $215,000. If the mortgage recording tax is $2.05 per $100 of the loan amount, and the bank uses a 75% loan-to-value (LTV) ratio, calculate the mortgage recording tax paid.
A property is sold for $215,000. If the mortgage recording tax is $2.05 per $100 of the loan amount, and the bank uses a 75% loan-to-value (LTV) ratio, calculate the mortgage recording tax paid.
In the context of real estate finance, what is the equivalent percentage of 3.6 points?
In the context of real estate finance, what is the equivalent percentage of 3.6 points?
A broker earned a commission of $25,800 on a property that sold for $645,000. What was the commission rate?
A broker earned a commission of $25,800 on a property that sold for $645,000. What was the commission rate?
What is the area in square feet of a rectangular lot that measures 150 feet in width and 200 feet in length?
What is the area in square feet of a rectangular lot that measures 150 feet in width and 200 feet in length?
A building has a footprint of 5,000 square feet. If the building is two stories high, what is the gross square footage?
A building has a footprint of 5,000 square feet. If the building is two stories high, what is the gross square footage?
An investor purchases a property for $400,000. If the property appreciates at a rate of 3% per year, what will its value be after 5 years, assuming no additional investments are made?
An investor purchases a property for $400,000. If the property appreciates at a rate of 3% per year, what will its value be after 5 years, assuming no additional investments are made?
A real estate agent sells a property for $750,000 and earns a 2.5% commission. How much commission does the real estate agent receive?
A real estate agent sells a property for $750,000 and earns a 2.5% commission. How much commission does the real estate agent receive?
A property is assessed at $300,000 and the property tax rate is $12 per $1,000 of assessed value. What is the annual property tax?
A property is assessed at $300,000 and the property tax rate is $12 per $1,000 of assessed value. What is the annual property tax?
A loan is originated with a loan-to-value ratio (LTV) of 80%. If the property is appraised at $500,000, what is the loan amount?
A loan is originated with a loan-to-value ratio (LTV) of 80%. If the property is appraised at $500,000, what is the loan amount?
A piece of land is irregularly shaped. To best determine its area, which method should be used?
A piece of land is irregularly shaped. To best determine its area, which method should be used?
What is the monthly payment on a $200,000 loan with an annual interest rate of 6% and a term of 30 years? (Assume principal and interest only)
What is the monthly payment on a $200,000 loan with an annual interest rate of 6% and a term of 30 years? (Assume principal and interest only)
An acre of land is divided into 4 equal lots. What is the area, in square feet, of each lot?
An acre of land is divided into 4 equal lots. What is the area, in square feet, of each lot?
If a property's assessed value is 80% of its market value, and the assessed value is $240,000, what is its market value?
If a property's assessed value is 80% of its market value, and the assessed value is $240,000, what is its market value?
A rectangular building is 50 feet wide and 75 feet long. What is the perimeter of the building?
A rectangular building is 50 feet wide and 75 feet long. What is the perimeter of the building?
If a property is purchased for $500,000 and the buyer obtains a mortgage for $400,000, what is the loan-to-value (LTV) ratio?
If a property is purchased for $500,000 and the buyer obtains a mortgage for $400,000, what is the loan-to-value (LTV) ratio?
What is the area of a triangle-shaped lot with a base of 40 feet and a height of 30 feet?
What is the area of a triangle-shaped lot with a base of 40 feet and a height of 30 feet?
A property generates $50,000 in gross annual income and has operating expenses of $20,000. What is the net operating income (NOI)?
A property generates $50,000 in gross annual income and has operating expenses of $20,000. What is the net operating income (NOI)?
A section of land contains 640 acres. A developer wants to divide it into lots that are each 1.25 acres. How many lots can be created?
A section of land contains 640 acres. A developer wants to divide it into lots that are each 1.25 acres. How many lots can be created?
If the annual property taxes on a property are $4,800, and they are paid in two equal installments, how much is each installment payment?
If the annual property taxes on a property are $4,800, and they are paid in two equal installments, how much is each installment payment?
A property is insured for $450,000. The insurance policy has a $2,500 deductible. If the property sustains $10,000 in damages, how much will the insurance company pay?
A property is insured for $450,000. The insurance policy has a $2,500 deductible. If the property sustains $10,000 in damages, how much will the insurance company pay?
A township is 6 miles by 6 miles. How many square miles are in a township?
A township is 6 miles by 6 miles. How many square miles are in a township?
What is the present value of $10,000 to be received in 5 years, assuming a discount rate of 5%?
What is the present value of $10,000 to be received in 5 years, assuming a discount rate of 5%?
A property has a gross income of $60,000 per year with expenses totaling $25,000, and requires a $5,000 reserve. What is the cash flow?
A property has a gross income of $60,000 per year with expenses totaling $25,000, and requires a $5,000 reserve. What is the cash flow?
A home is purchased for $350,000 and is financed with a mortgage that covers 90% of the purchase price. What is the amount of the down payment?
A home is purchased for $350,000 and is financed with a mortgage that covers 90% of the purchase price. What is the amount of the down payment?
A rectangular garden is 20 feet long and 15 feet wide. If a fence is to be built around it, how many feet of fencing are required?
A rectangular garden is 20 feet long and 15 feet wide. If a fence is to be built around it, how many feet of fencing are required?
A building has 15 apartments, each renting for $1,200 per month. The annual operating expenses are $45,000. What is the building's annual net operating income (NOI)?
A building has 15 apartments, each renting for $1,200 per month. The annual operating expenses are $45,000. What is the building's annual net operating income (NOI)?
A real estate investor aims to achieve a 10% annual return on a $500,000 property. What is the required annual net operating income (NOI)?
A real estate investor aims to achieve a 10% annual return on a $500,000 property. What is the required annual net operating income (NOI)?
A lease is structured such that the tenant pays a fixed rent, plus a portion of the building's operating expenses. What type of lease is this?
A lease is structured such that the tenant pays a fixed rent, plus a portion of the building's operating expenses. What type of lease is this?
How many acres are in a parcel of land described as the NW 1/4 of the SE 1/4 of a section?
How many acres are in a parcel of land described as the NW 1/4 of the SE 1/4 of a section?
Flashcards
Square Feet in an Acre
Square Feet in an Acre
There are 43,560 square feet in one acre.
Square Meters in a Hectare
Square Meters in a Hectare
One hectare is equal to 10,000 square meters.
Property Appreciation Calculation
Property Appreciation Calculation
To calculate future property value with appreciation, multiply the current worth by (1 + appreciation rate) to the power of the number of years.
Area of a Rectangle
Area of a Rectangle
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Points
Points
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Study Notes
- If a 2.4-acre lot has a width of 222 feet, its length is 471 feet.
- One acre contains 43,560 square feet.
- One hectare equals 10,000 square meters.
- A lot totaling 19,602 square feet is approximately 0.45 acres (19,602 / 43,560).
- If a property worth $325,000 appreciates at 2.5% annually, it will be worth $358,739 in 4 years ($325,000 x 1.025 four times).
- A lot measuring 145' x 450' equals 1.5 acres.
- A rectangle measuring 3 yards x 18 yards has an area of 54 square yards (3 x 18).
- The mortgage recording tax on a $215,000 property with a $2.05/$100 tax rate and a 75% LTV is $3,306.
- In real estate finance, 3.6 points is equivalent to 3.6%.
- If a broker earns $25,800 commission on a $645,000 property sale, the commission rate is 4% ($25,800 / $645,000).
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Description
Covers real estate finance topics, appreciation calculations, area calculations (acres, square feet, square yards), mortgage recording tax rates, and commission rate calculations. The document provides several examples with detailed calculations that are crucial for understanding real estate transactions.
