Florida Real Estate Math Practice Questions

Real estate math is one of the most important areas to study before taking the Florida real estate sales associate exam. Many students understand the legal and vocabulary sections of the course but become nervous when they see commissions, property taxes, mortgage calculations, or prorations.

The good news is that most Florida real estate math problems use basic arithmetic. You usually need to multiply, divide, add, subtract, or calculate a percentage. The biggest challenge is identifying the correct formula and understanding what the question is asking.

The following Florida real estate math practice questions can help you review several common calculation types that may appear in your coursework and exam preparation.

Common Florida Real Estate Math Formulas

Before working through the practice questions, review these useful formulas:

Commission = Sales Price x Commission Rate

Sales Price = Commission / Commission Rate

Loan Amount = Property Value x Loan-to-Value Ratio

Loan-to-Value Ratio = Loan Amount / Property Value

Simple Interest = Principal x Interest Rate x Time

Profit = Selling Price - Total Cost

Property Tax = Assessed Value x Tax Rate

One Acre = 43,560 Square Feet

One Section = 640 Acres

One Township = 36 Sections

Remember to convert percentages into decimals before multiplying. For example, 6% becomes 0.06, and 75% becomes 0.75.

Practice Question 1: Sales Commission

A property sells for $350,000. The brokerage commission is 6% of the sales price. What is the total commission?

A. $18,000 B. $21,000 C. $24,500 D. $28,000

Correct answer: B. $21,000

Multiply the sales price by the commission rate:

$350,000 x 0.06 = $21,000

Practice Question 2: Commission Split

A sales associate earns 55% of a $12,000 commission received by the brokerage. How much does the sales associate earn?

A. $5,400 B. $6,000 C. $6,600 D. $7,200

Correct answer: C. $6,600

Multiply the commission by the sales associate's share:

$12,000 x 0.55 = $6,600

Practice Question 3: Finding the Sales Price

A broker earns a 5% commission of $22,500. What was the sales price of the property?

A. $400,000 B. $425,000 C. $450,000 D. $475,000

Correct answer: C. $450,000

Divide the commission by the commission rate:

$22,500 / 0.05 = $450,000

Practice Question 4: Loan-to-Value Ratio

A buyer purchases a home for $320,000 and obtains a loan for $256,000. What is the loan-to-value ratio?

A. 75% B. 80% C. 85% D. 90%

Correct answer: B. 80%

Divide the loan amount by the property value:

$256,000 / $320,000 = 0.80

Convert the decimal to a percentage:

0.80 = 80%

Practice Question 5: Calculating the Loan Amount

A lender agrees to provide an 85% loan-to-value mortgage on a property valued at $400,000. What is the loan amount?

A. $300,000 B. $320,000 C. $340,000 D. $360,000

Correct answer: C. $340,000

Multiply the property value by the loan-to-value ratio:

$400,000 x 0.85 = $340,000

Practice Question 6: Down Payment

A buyer purchases a home for $275,000 and makes a 20% down payment. How much is the down payment?

A. $44,000 B. $50,000 C. $55,000 D. $60,500

Correct answer: C. $55,000

Multiply the purchase price by the down payment percentage:

$275,000 x 0.20 = $55,000

Practice Question 7: Simple Interest

A borrower obtains a $180,000 loan at an annual interest rate of 6%. How much interest is charged for one year?

A. $9,000 B. $10,800 C. $12,600 D. $18,000

Correct answer: B. $10,800

Use the simple interest formula:

$180,000 x 0.06 x 1 = $10,800

Practice Question 8: Monthly Interest

A borrower owes $240,000 on a mortgage with an annual interest rate of 5%. What is one month of interest?

A. $800 B. $900 C. $1,000 D. $1,200

Correct answer: C. $1,000

First calculate the annual interest:

$240,000 x 0.05 = $12,000

Then divide by 12 months:

$12,000 / 12 = $1,000

Practice Question 9: Property Tax

A property has an assessed value of $250,000. The tax rate is 18 mills. What is the annual property tax before exemptions?

A. $3,600 B. $4,000 C. $4,500 D. $5,000

Correct answer: C. $4,500

One mill equals $1 of tax for every $1,000 of taxable value. Convert 18 mills to a decimal rate:

18 / 1,000 = 0.018

Then multiply:

$250,000 x 0.018 = $4,500

Practice Question 10: Square Footage

A rectangular lot measures 150 feet by 200 feet. How many square feet are in the lot?

A. 25,000 square feet B. 30,000 square feet C. 35,000 square feet D. 40,000 square feet

Correct answer: B. 30,000 square feet

Multiply the length by the width:

150 x 200 = 30,000 square feet

Practice Question 11: Converting Square Feet to Acres

A parcel contains 87,120 square feet. How many acres does it contain?

A. 1 acre B. 2 acres C. 2.5 acres D. 3 acres

Correct answer: B. 2 acres

Divide the total square footage by 43,560:

87,120 / 43,560 = 2 acres

Practice Question 12: Profit on a Sale

An investor purchases a property for $210,000 and spends $25,000 on improvements. The property is later sold for $275,000. What is the investor's profit before other expenses?

A. $35,000 B. $40,000 C. $50,000 D. $65,000

Correct answer: B. $40,000

First calculate the investor's total cost:

$210,000 + $25,000 = $235,000

Then subtract the total cost from the selling price:

$275,000 - $235,000 = $40,000

How to Improve Your Real Estate Math Skills

The best way to improve is through repetition. Practice one type of calculation at a time before attempting a mixed exam.

For example, complete several commission questions together, followed by loan-to-value problems, property tax calculations, and prorations. Once you understand the formulas individually, begin taking mixed practice tests that require you to decide which formula applies.

Always write down the information given in the question. Identify what you are being asked to find, convert percentages into decimals, and complete each step carefully.

Watch for unnecessary information. A real estate math question may include extra numbers that are not required to solve the problem.

Final Thoughts

Florida real estate math questions can appear difficult at first, but they become much easier with practice. Most calculations are based on a limited number of formulas involving commissions, interest, loans, taxes, area, profit, and closing expenses.

Do not rely on memorizing answers. Learn the formula, understand when to use it, and practice solving the problem from beginning to end.

Regularly completing Florida real estate math practice questions can help you improve your speed, reduce test anxiety, and feel more confident when calculation questions appear on the exam.