Real Estate Practice Test

Real Estate Real Estate Math Practice Questions

Real Estate Math makes up 5 of every 50 questions on a Tigertest Real Estate practice test. Here are 10 of the 20 questions on it, each with the answer and the reason.

Updated 2026-11-10 by the Tigertest team. Weighted to the Pearson VUE national salesperson outline (2025), which matches PSI's. Your state portion is separate.

1. 1. A rectangular lot measures 330 feet by 660 feet. Using 43,560 square feet per acre, how many acres does the lot contain?

   • A.0.5 acre
   • B.5 acres
   • C.41.25 acres
   • D.50 acres

   Answer: B. 330 x 660 = 217,800 square feet, and 217,800 / 43,560 = 5 acres. Dividing by 5,280 (feet in a mile) instead of 43,560 gives the wrong answer of 41.25 acres.

2. 2. An L-shaped house has a main section 50 feet by 30 feet and an attached wing 20 feet by 15 feet. What is its total living area?

   • A.1,500 square feet
   • B.2,100 square feet
   • C.3,150 square feet
   • D.1,800 square feet

   Answer: D. Main section 50 x 30 = 1,500 square feet, wing 20 x 15 = 300 square feet, and 1,500 + 300 = 1,800 square feet. Stopping at 1,500 forgets the wing, and 70 x 45 = 3,150 wrongly treats the L as one full rectangle.

3. 3. A farmer sells one quarter section of farmland at $4,500 per acre. A section contains 640 acres. What is the total sale price?

   • A.$720,000
   • B.$2,880,000
   • C.$180,000
   • D.$360,000

   Answer: A. A quarter section is 640 / 4 = 160 acres, and 160 x $4,500 = $720,000. Pricing the full 640-acre section gives $2,880,000, and using 40 acres (a quarter of a quarter) gives $180,000.

4. 4. An apartment building has potential gross income of $120,000, a 5% vacancy rate and operating expenses of $42,000. At an 8% cap rate, what is its value?

   • A.$975,000
   • B.$1,425,000
   • C.$900,000
   • D.$1,500,000

   Answer: C. Effective gross income is $120,000 - 5% ($6,000) = $114,000; NOI is $114,000 - $42,000 = $72,000; value is $72,000 / 0.08 = $900,000. Skipping the vacancy loss gives $78,000 / 0.08 = $975,000, and skipping expenses gives $1,425,000.

5. 5. A seller wants to net $464,400 after paying a 6% commission and $5,600 in other closing costs. What is the minimum sale price needed?

   • A.$494,042.55
   • B.$470,000
   • C.$500,000
   • D.$498,200

   Answer: C. Add the closing costs to the net: $464,400 + $5,600 = $470,000, which must equal 94% of the price (100% - 6%), so $470,000 / 0.94 = $500,000. Multiplying $470,000 by 1.06 gives $498,200 because 6% is taken on the wrong base, and dividing only $464,400 by 0.94 forgets the closing costs.

6. 6. A home has a market value of $250,000 and is assessed at 40% of market value. The tax rate is 32 mills. What is the annual tax?

   • A.$3,200
   • B.$8,000
   • C.$32,000
   • D.$1,280

   Answer: A. Assessed value is $250,000 x 0.40 = $100,000, and 32 mills is $32 per $1,000, or 0.032, so $100,000 x 0.032 = $3,200. Applying the rate to the full $250,000 market value gives $8,000, and treating a mill as 1/100 instead of 1/1,000 gives $32,000.

7. 7. Comparable rental homes in a neighborhood show a gross rent multiplier of 160. A subject home rents for $1,850 per month. What is its estimated value?

   • A.$24,666.67
   • B.$29,600
   • C.$3,552,000
   • D.$296,000

   Answer: D. A GRM is applied to monthly rent, so $1,850 x 160 = $296,000. Multiplying annual rent ($22,200) by a monthly GRM overstates value at $3,552,000.

8. 8. An owner's home is worth $380,000. The original mortgage was $300,000, its current balance is $262,000, and a home equity loan has a $28,000 balance. What is the owner's equity?

   • A.$52,000
   • B.$90,000
   • C.$80,000
   • D.$118,000

   Answer: B. Equity is market value minus all current debt: $380,000 - $262,000 - $28,000 = $90,000. Forgetting the home equity loan gives $118,000, and subtracting the original $300,000 loan instead of the current balance gives $52,000.

9. 9. A home listed at $425,000 sells for $415,000. The listing agreement calls for a 5.5% commission on the sale price. What is the total commission?

   • A.$20,750
   • B.$22,825
   • C.$23,375
   • D.$2,282.50

   Answer: B. $415,000 x 0.055 = $22,825. Using the $425,000 list price gives $23,375, but commission is owed on the actual sale price.

10. 10. A home sells for $360,000 with a 6% commission split equally between the two brokerages. The selling agent receives 60% of her broker's share. What does she earn?

    • A.$12,960
    • B.$4,320
    • C.$10,800
    • D.$6,480

    Answer: D. Total commission is $360,000 x 0.06 = $21,600; the selling brokerage gets half, $10,800; the agent gets $10,800 x 0.60 = $6,480. Taking 60% of the full $21,600 gives $12,960 because it skips the split between brokerages.