Real Estate Test math faqs

Question 1

area

Answer 1

a level surface or piece of ground; the size of a surface; the amount of a two-dimensional object

Question 2

balance

Answer 2

the appraisal principle stating that the greatest value in a property will occur when the type and size of the improvements are proportional to each other as well as the land

Question 3

capitalization

Answer 3

a mathematical process for estimating the value of a property using a proper rate of return on the investment and the annual net operating income expected to be produced by the property. the formula is expressed as follows: income / rate = value

Question 4

denominator

Answer 4

the number written below the line in a fraction

Question 5

divisor

Answer 5

a number or quantity divided into another

Question 6

front footage

Answer 6

the measurement of a parcel of land by the number of feet of street or road frontage

Question 7

frontage

Answer 7

the length of property along the street or waterfront

Question 8

linear measurement

Answer 8

measurement in a straight line

Question 9

numerator

Answer 9

the number written above the line of fraction representing the number to be divided by the denominator

Question 10

percent

Answer 10

one part in a hundred

Question 11

quotient

Answer 11

the number resulting from dividing one number by another

Question 12

statutory year

Answer 12

a year composed of 12 months, with each month consisting of 30 days, for a total of 360 days in the year (also called the bankers year)

Question 13

x-bar method

Answer 13

a math tool used to solve percentage problems, indicating what values to multiply or divide to arrive at the unknown value

Question 14

volume

Answer 14

the amount of space of a three-dimensional object