New Jersey Real Estate Practice Exam Practice Question
A national company desires a parcel of land which must be 4 times the size of its proposed building. If the building design includes 20,000 square feet, then which of the following minimum sized lots should be purchased?
Correct Answer: B
Rationale: To determine the minimum lot size needed, multiply the building's square footage by 4. With a proposed building size of 20,000 square feet, the required lot size is 80,000 square feet (20,000 x 4).
1 acre equals 43,560 square feet, so 80,000 square feet converts to approximately 1.83 acres.
- Option A (1 acre) is insufficient as it provides only 43,560 square feet.
- Option C (4 acres) exceeds the requirement, offering 174,240 square feet.
- Option D (8 acres) also exceeds the requirement significantly, providing 348,480 square feet.
Thus, option B (2 acres), which equals 87,120 square feet, is the minimum size that meets the needs.
Unlock All Questions
Subscribe to Premium for full access to all practice questions, detailed rationales, and performance tracking.
Subscribe Now