California Real Estate Practice Exam

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Prepare for the California Real Estate Exam. Study with flashcards and multiple-choice questions, each question includes hints and explanations. Get ready to ace your exam!

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If land was selling for $10,000 per acre, what would the following parcel sell for? The SE¼ of the SE¼ of the SE¼ of Sec. 4 and the S½ of the SW¼ of the SW¼ of Sec. 3 and the N½ of the NE ¼ of the NE¼ of the NE¼ of Sec. 9 and the N½ of the N½ of the NW¼ of the NW¼ of Sec. 10.

$400,000
$425,000
$450,000
$500,000

The correct answer is: $400,000

To determine the value of the given parcel of land, it's important to accurately calculate the total acreage represented by the legal descriptions provided. First, break down the components of land described: 1. **SE¼ of the SE¼ of the SE¼ of Sec. 4**: Each section in this description represents typically 640 acres (as one section is 1 square mile). - The SE¼ of the SE¼ of the SE¼ constitutes: - 640 acres / 4 (for the first quarter) = 160 acres (SE¼) - 160 acres / 4 (for the second quarter) = 40 acres (SE¼ of the SE¼) - 40 acres / 4 (for the third quarter) = 10 acres (final SE¼ of the SE¼ of the SE¼) 2. **S½ of the SW¼ of the SW¼ of Sec. 3**: - SW¼ of SW¼ is calculated similarly: - 640 acres / 4 = 160 acres (SW¼) - 160 / 4 = 40 acres (SW¼ of SW¼) - S½ of that is 40 acres /