California Real Estate Practice Exam

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Master the California Real Estate Exam with our comprehensive practice quiz. Get expert tips, detailed content review, and insider strategies to pass on your first try.

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A vacant piece of land measuring 75 feet wide by 100 feet deep sells for $150,000. How much did it sell for per front foot?

$1,500
$2,000
$2,500
$3,000

The correct answer is: $2,000

To determine the selling price per front foot of the property, we first need to identify what "front foot" means in this context. The term refers to the price per linear foot along the width of the property, which is considered its "front." Since the vacant land measures 75 feet wide, we will use this width to calculate the price per front foot. The total selling price of the land is $150,000. To find the price per front foot, we divide the total selling price by the width of the property: \[ \text{Price per Front Foot} = \frac{\text{Total Sale Price}}{\text{Width in Feet}} = \frac{150,000}{75} \] Carrying out the calculation: \[ \text{Price per Front Foot} = 2,000 \] Therefore, the land sells for $2,000 per front foot. This calculation shows the correct answer and provides a clear understanding of how to derive the price per front foot from the total sale price and the property's width.