Definition of "Front foot"

Darlene  Hurst real estate agent
Darlene Hurst, Real Estate Agent Coldwell Banker

A property measurement of the front footage of a parcel of property adjoining the street. In urban areas, the front foot measurement is an extremely important indicator of property value and property is often evaluated on the basis of cost per front foot. Normally, the front foot is the first measure shown in a property description.

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Comments for Front Foot


Shirley Shirley said:

How do you figure if a broker has the listing on a vacant lot of 100 feet wide by 125 feet deep that is for sale at $250 per front foot. What would be the commission at 8% of the sales tax. And how do you figure it

Jul 11, 2019  15:30:51

 
Real Estate Agent

Hello, Shirley! A lot with 100 feet by the street, selling for $250 per front foot would have a selling price of $25,000. We are not sure we understand your question, though. Normally, an 8% commission is quite unusual. It is true that most real estate agents are paid a commission instead of a salary, but that is usually between two and six percent.  However, 8% of $25,000 is $2,000. Let us know if we can further assist you with anything or contact a real estate agent in Arizona

Jul 16, 2019  07:59:21
 

 

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