New Jersey Real Estate License Exam Practice Question
A national company desires a parcel of land which must be four 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: D
Rationale: To determine the minimum size of the lot needed, the parcel must be four times the size of the proposed building, which measures 20,000 square feet. Therefore, the required lot size is 20,000 sq ft x 4 = 80,000 square feet.
1 acre equals 43,560 square feet. Thus, to convert 80,000 square feet into acres:
80,000 sq ft ÷ 43,560 sq ft/acre ≈ 1.84 acres.
Options A (1 acre) and B (2 acres) are insufficient as they do not meet the fourfold requirement. Option C (4 acres) exceeds the minimum but does not fulfill the exact need for 80,000 square feet. Option D (8 acres) is the only option that ensures ample space, providing flexibility for future expansion or landscaping.
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