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Scary math and passing your real estate exam

2/3/2014

2 Comments

 
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A lot of students fear math and think it'll sink them during the real estate exam. The good news is that even if you missed all of the math questions you can still pass. However, learning the math concepts do not extend past basic math and is easy to learn.




Even if you haven't had to use your brain to do simple calculations in a while you need not worry. Any good real estate license school will cover the concepts in easy to understand ways so that you will ace this section of the test.

Here are some of the topics that a good school will cover:

Real estate calculations

1. Basic math concepts 
   a. Area
   b. Loan-to-value ratios
   c. Discount points
   d. Equity
   e. Down payment/amount to be financed

2. Calculations for transactions, including mortgage calculations

3. Property tax calculations

4. Prorations (utilities, rent, property taxes, insurance, etc.)
   a. Commission and commission splits
   b. Seller’s proceeds of sale
   c. Transfer tax/conveyance tax/revenue stamps
   d. Amortization tables
   e. Interest rates
   f. Interest amounts
   g. Monthly installment payments
   h. Buyer qualification ratios

5. Calculations for valuation
   a. Competitive/comparative market analyses (CMA)
   b. Net operating income
   c. Depreciation
   d. Capitalization rate
   e. Gross rent and gross income multipliers

2 Comments
JonasSmith
5/20/2014 03:33:05 pm

I have explain so many article of this site in which some of them were very interesting and inspiring.This article has good title with good description.

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license course real estate link
6/8/2014 10:12:43 pm

It is nice to know about this real estate maths class. As I have gotten older even my basic math ability has become weaker.

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