## Real Estate Math Formulas: Calculating Commission

The math portion of your real estate licensing exam may ask you to calculate commission for a sale.  Typically, an agent’s commission is calculated as a portion of the sales price of the property.  There is no standard percentage and it can be negotiated.  In many parts of the US, both the seller and buyer … Read more

## How Much Will the Bank Loan for a HELOC

A home equity line of credit (HELOC) is a loan against the equity (value minus debt) of your home, it is essentially a second mortgage. Through calculating the equity of your property you can borrow from a lender, up to a certain amount, using your property’s value as collateral. A HELOC can be used for … Read more

## Real Estate Agent Salary: How Much Do You Make As A Real Estate Agent?

If you watch too many episodes of Millionaire Dollar Listing, you may be thinking real estate agents make a lot of money. Is this true? In this post, we break down how real estate agents make money and how much money real estate agents make. How Do Real Estate Agents Get Paid? In most cases, … Read more

## Real Estate Math Formulas: Calculating Transfer Taxes

The math portion of your real estate licensing exam may ask you to calculate the transfer taxes for a sale. In almost all real estate transactions, buyers and sellers must pay taxes to their local counties for every property sale. For buyers, this is often called the recordation tax. For sellers, this is often called … Read more

## Real Estate Math Formulas: Understanding Amortization Factors

One of the main topics on the real estate math licensing exam is understanding amortization factors. Because the actual monthly mortgage payment calculation is very complicated, amortization factors are a quick and easy way to estimate the monthly mortgage payment a buyer will need to make. In many states, the testing center will have an … Read more

## Real Estate Math Formulas: T-Method

Out of all of the real estate math formulas you need to know, the most basic one is the T-Method. Once you understand the T-method real estate math formula, you’ll find that many real estate math problems are just another version of the T-Method. In this post, I’ll first explain the T method and then … Read more

## New Udemy Course Just Released! Real Estate Math Made Easy: Pass Your Exam & Make Top Money

EXCLUSIVE DISCOUNT: GET THIS COURSE TODAY FOR ONLY \$10 CLICK HERE   Learn basic and advanced real estate math concepts you need to: pass your real estate licensing exam become a successful real estate agent understand the math behind real estate transactions Get Over Your Math Anxiety and Succeed In Real Estate At the end … Read more

## What Happens If My Property Doesn’t Appraise?

As a real estate agent you may have problems with your property not appraising, especially if it is a hot market. Prices may be rising, but appraisers may only go on previous (lower) sales. So what does this mean for your buyers? Let’s take a look at the real estate math behind your appraisal options. … Read more

## Real Estate Math – Calculating Additional Grantor’s Tax Increases

As of July 1, 2013, parts of Virginia began to require an additional “Regional Congestion Relief Fee” as part of the Grantor’s Tax. Grantor’s Tax is the seller paid taxes to the County when transferring a property. This amount is shown on the HUD-1 on the seller side of the transaction. Here is the language … Read more

## Real Estate Math – Calculating Interest

Calculating interest is an essential real estate math question that you may encounter on your real estate licensing exam. Forbes magazine recently indicated that the interest rate is around 3.87 percent. As a real estate agent, it is important to know general trends of the rates (are they rising, falling, or staying the same?). It … Read more