Real Estate Math

Acre

A unit of land measurement equal to 43,560 square feet.


Definition

An acre is the standard unit for measuring larger parcels of land. One acre equals 43,560 square feet, which is slightly smaller than a football field. A section of land in the rectangular survey system contains 640 acres, or one square mile. Real estate math problems on the NY exam frequently require converting between acres and square feet to calculate land area, price per acre, or the number of lots that can be subdivided from a larger parcel.

Exam Tip

Memorize: 1 acre = 43,560 sq ft. This number appears in almost every real estate math problem involving land.

Study Guide

Real Estate Math

Key concepts and exam tips →

Practice

NY Real Estate Math

Free sample questions →

Preparing for the NY Real Estate Exam?

Unlocked covers Acre and every other concept on the NY Real Estate Salesperson Exam — with study modules, practice questions, spaced-repetition flashcards, and Carl, your AI study buddy.

Browse all terms

Abstract of TitleAcceleration ClauseAcreAd Valorem TaxAdverse PossessionAgency DisclosureAmortizationAppraisalAssessed ValueBalloon MortgageBlockbustingBrokerBuilding CodeBundle of RightsCapitalization RateCertificate of OccupancyChain of TitleClosingCloud on TitleComminglingCommissionComparable Sales (Comps)CondemnationCondominiumConsiderationContractConversionCooperative (Co-op)DeedDeed Restriction (Restrictive Covenant)DepreciationDual AgencyDue-on-Sale ClauseEarnest MoneyEasementEminent DomainEncroachmentEncumbranceEqualization RateEquityEscheatEscrowEstateFair Housing ActFee SimpleFiduciary DutyFixtureForeclosureFreehold EstateGeneral LienGross LeaseGross Rent Multiplier (GRM)Homestead ExemptionHypothecationIncome ApproachIntestateJoint TenancyJudgment LienKickbackLead-Based Paint DisclosureLeaseLienLife EstateLis PendensListing AgreementMarket ValueMechanic's LienMetes and BoundsMill RateMortgageNet LeaseNet Operating Income (NOI)Nonconforming UseOffering PlanPersonal Property (Chattel)Police PowerPower of AttorneyPrincipal and Interest (P&I)Procuring CauseProperty ManagementProprietary LeaseProrationQuiet Title ActionReal PropertyRecordingRedliningRent StabilizationRESPARight of SurvivorshipSalesperson LicenseSecurity DepositSpecific LienSpecific PerformanceStatute of FraudsSteeringSubdivisionSurveyTenancy by the EntiretyTenancy in CommonTitle InsuranceTransfer TaxTrust AccountUsuryVarianceWarranty Deed (General Warranty Deed)YieldZoning1031 ExchangeMansion TaxMortgage Recording Tax (MRT)CEMA (Consolidation, Extension, and Modification Agreement)Flip TaxPrivate Mortgage Insurance (PMI)Loan-to-Value Ratio (LTV)Discount PointsTRID (TILA-RESPA Integrated Disclosure)Closing Disclosure (CD)Loan Estimate (LE)PITIFHA LoanVA LoanUnderlying MortgageShare Loan (Co-op Loan)Estoppel CertificateBoard Package (Co-op)Holder of Unsold SharesSponsor UnitCondopCommon Charges (Condominium)Mitchell-LamaHDFC CooperativeRight of First Refusal (Condo)Non-Eviction Plan