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Real Estate Salesperson Exam — National Portion

Real estate math: practice questions

Our Real Estate (National) bank has 17 questions on this topic. Here are 5 of them with answers; the full mock exam draws from every topic, like the real one.

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Question 1

A rectangular lot is 100 feet by 435.6 feet. How many acres is it?

  1. 2 acres
  2. 1 acre
  3. 0.5 acre
  4. 10 acres
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B. 1 acre — 100 × 435.6 = 43,560 sq ft = 1 acre.

Question 2

A building has 10 units renting for $1,000 a month, with a 5% vacancy rate and annual expenses of $34,000. What is the NOI?

  1. $114,000
  2. $86,000
  3. $120,000
  4. $80,000
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D. $80,000 — $120,000 gross − $6,000 vacancy = $114,000 − $34,000 = $80,000.

Question 3

A loan of $200,000 has a 1% origination fee and 2 discount points. What is the total?

  1. $2,000
  2. $20,000
  3. $6,000
  4. $3,000
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C. $6,000 — 3% × $200,000 = $6,000.

Question 4

A triangular lot has a base of 200 feet and a height of 150 feet. What is its area?

  1. 15,000 sq ft
  2. 350 sq ft
  3. 7,500 sq ft
  4. 30,000 sq ft
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A. 15,000 sq ft — Area = ½ × base × height.

Question 5

A home's assessed value is $200,000 and the tax rate is 25 mills. What is the annual tax?

  1. $500
  2. $50,000
  3. $5,000
  4. $2,500
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C. $5,000 — 25 mills = $25 per $1,000; 200 × $25 = $5,000.

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