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Florida Real Estate Exam Practice Questions: Real Estate Math
5 practice questions on real estate math for the Florida real estate sales associate exam. Each one has the correct answer, a full explanation of why the other options are wrong, and the statute it comes from.
What this topic covers
Closing math, areas, rates, commissions, and prorations. Questions here test the calculations that appear on the exam, from commissions and prorations to documentary stamps and net proceeds.
Sources these questions cite include: § 201.08, Fla. Stat.; § 199.133, Fla. Stat.; § 201.02, Fla. Stat.; § 83.49, Fla. Stat.; 26 U.S.C. § 121.
Question 1
A parcel contains 130,680 square feet. How many acres is this? (One acre equals 43,560 square feet.)
- A. 2 acres
- B. 3 acres
- C. 4 acres
- D. 30 acres
Show the answer and explanation
Correct answer: B.
Acres = square feet ÷ 43,560 = 130,680 ÷ 43,560 = 3. A is wrong because this divides by 65,340. C is wrong because this divides by 32,670. D is wrong because this is a decimal-place error.
Source: Closing and real estate math (arithmetic)
Question 2
A triangular lot has a base of 60 feet and a perpendicular height of 40 feet. What is its area?
- A. 1,200 square feet
- B. 2,400 square feet
- C. 100 square feet
- D. 600 square feet
Show the answer and explanation
Correct answer: A.
Area of a triangle = ½ × base × height = ½ × 60 × 40 = 1,200 square feet. B is wrong because this is base times height without halving. C is wrong because this adds the base and height. D is wrong because this halves the result a second time.
Source: Closing and real estate math (arithmetic)
Question 3
A seller sells for $300,000. She pays a 6 percent commission, a mortgage payoff of $180,000, and $4,500 in other closing costs. What are her net proceeds?
- A. $120,000
- B. $102,000
- C. $97,500
- D. $93,000
Show the answer and explanation
Correct answer: C.
Commission = $300,000 × 0.06 = $18,000. Net = $300,000 − $18,000 − $180,000 − $4,500 = $97,500. A is wrong because this subtracts only the mortgage payoff. B is wrong because this does not subtract the other closing costs. D is wrong because this subtracts the closing costs twice.
Source: Closing and real estate math (arithmetic)
Question 4
A single homeowner who has owned and lived in her principal residence for ten years sells it for a net amount of $520,000. Her adjusted basis is $200,000. Under the federal home-sale exclusion for a single taxpayer, how much of the gain is taxable?
- A. $320,000
- B. $70,000
- C. $0
- D. $250,000
Show the answer and explanation
Correct answer: B.
Gain = $520,000 − $200,000 = $320,000. A single taxpayer who owned and used the home as a principal residence for at least two of the last five years can exclude up to $250,000 (up to $500,000 for joint filers), so the taxable gain is $70,000. A is wrong because this ignores the exclusion. C is wrong because the gain exceeds the exclusion. D is wrong because this is the amount of the exclusion, not the taxable remainder.
Source: 26 U.S.C. § 121
Question 5
A fourplex unit is sold with a tenant who paid $1,550.00 rent on October 1 for the full month (31 days) and holds a $1,550.00 security deposit with the seller. Closing is October 11, and the day of closing belongs to the buyer. What total credit does the buyer receive from the seller for rent and security deposit?
- A. $2,600.00
- B. $1,050.00
- C. $2,550.00
- D. $2,100.00
Show the answer and explanation
Correct answer: A.
Step 1 (prepaid rent): buyer owns October 11 through 31 = 21 days; daily rent = $1,550 / 31 = $50.00; 21 x $50.00 = $1,050.00. Step 2 (security deposit): not prorated; the entire $1,550.00 is transferred as a credit to the buyer because the buyer assumes the obligation to return it. Step 3: $1,050.00 + $1,550.00 = $2,600.00. Wrong choices: omitting the deposit; counting 20 days; or prorating the deposit as if it were rent.
Source: § 83.49, Fla. Stat. (security deposits); FR/BAR prorations
Want more on this topic?
The full Prep475 kit has 30 questions on real estate math, all with the same statute-cited explanations, plus a timed 100-question exam simulation.
Independent study aid, not legal advice. Not affiliated with or endorsed by the Florida Real Estate Commission, the DBPR, or Pearson VUE. Questions are original practice questions, not actual exam questions. Statutes, rules, and exam details change; always confirm against current Florida law and your pre-licensing course materials.
Last reviewed October 20, 2026.