Virginia State Real Estate Exam Practice Question
The price per square foot of a property is calculated by
Correct Answer: C
Rationale: To determine the price per square foot of a property, the sales price must be divided by the total square footage, which is accurately represented in option C. This calculation provides a clear measure of value based on space.
Option A is incorrect as it suggests multiplying square footage by the sales price, which does not yield a per square foot price. Option B misrepresents the calculation by focusing on heated and cooled space versus overall square footage, which is not relevant for this specific metric. Lastly, option D incorrectly uses total lot size instead of the property’s square footage, leading to an inaccurate assessment of price per square foot.
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