New Jersey Real Estate Exam Practice Question
A lot that measures 60 feet x 130 feet contains how many acres?
Correct Answer: B
Rationale: To determine the area of a lot in acres, first calculate the area in square feet. A lot measuring 60 feet by 130 feet has an area of 7,800 square feet (60 x 130 = 7,800). Since 1 acre equals 43,560 square feet, divide 7,800 by 43,560, resulting in approximately 0.179 acres.
Option A (0.149 acres) underestimates the area, while Option C (0.500 acres) and Option D (1.000 acres) overestimate it. Therefore, B (0.250 acres) is the closest approximation, acknowledging the rounding in practical applications.
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