Math formulas and practice
questions
Question Answer
How many square feet in an acre 43, 560
To determine a rectangles square Multiply the length of one side by the length of the
footage other side
To convert square footage to acreage Divide the number of square feet by 43, 560
To convert acreage to square feet Multiply the number of acres by 43, 560
If you are given the dimension only
(300x200) the first number is considered Front footage
to be
A parcel of land measures 400x400 (sq.)
400x400 = 160,000 square feet 160,000 sq ft / 43,
how many acres are contained in this
560 = 3.6731 Acres
parcel?
A parcel of land is 7.5 acres. How many
43, 560 X 7.5 = 326, 700 sq. ft.
square feet are in the parcel?
To calculate a sales commission: X the selling price by the commission rate
X the total sales commission by the appropriate
To calculate a commission split between
percentage that either the broker or sales
broker and sales associate:
associate is entitled to receive.
To calculate the appropriate selling price
so that the seller will receive a certain Selling price= Sellers net + Closing cost divided by
amount to money after paying closing / 100% - Commission rate
costs and the sales commission
Broker Gary sold a home for $375, 000
with an agreed upon commission of 7.5%
$375,000 X 7.5% =$28,125
of the sales price. How much is the sales
commission?
Broker Bob has agreed to pay
salesperson Jo 2/3 all commissions
warned as a result of Jo's efforts. If
$600,000 X 6% = $36,000 $36, = $12,000
Rafael sells a property for $600,000 with
an agreed upon commission of 6% how
much is Jo's share of the commission
Seller Aaron wants to Net $ 259,000,
agrees to commissions as follows: 5% -
$100,000 X 5%= $5,000 $100,000 X 6%= $6,000
first $100,000 6% - next $100,000 7% -
$135,300 X 7%= $9,471 $5,000+$6000+$9471=
anything over $200,000 If the sales price
$20,471
is $335, 300 what is the brokers
commision
Cost Depreciation Approach Step one: Reproduction Cost / Economic Life X
Effective Age = Total Depreciation / (means divided
by) Step two: Reproduction cost - Total
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