Real Estate Math Practice Problems
Peggy 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
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
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
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
Calculating property taxes is an essential real estate math question that you may encounter on your real estate licensing exam. Each county or jurisdiction will calculate property tax based on the assessed value of the property. You’ll need to know a few things in order to solve this real estate math problem: The tax rate … Read more
The Wall Street Journal recently published an article indicating that vacancy rates have dropped to 4.7% across the nation, resulting in increases in rents. As a real estate agent, you may have renters that question whether or not it is cheaper for them to rent or to buy. While there are many factors to consider … Read more
On the computer-based real estate licensing exam, you will be asked to answer multiple-choice real estate math questions. While practicing real estate math questions is an important part of preparing for the real estate licensing exam, you will also need to know strategies to answer multiple choice questions. This will help you answer questions faster … Read more
Recently, CNN published an article on where home prices are rising fastest. If you are studying for the real estate licensing exam, one of the real estate math questions you may encounter is how to calculate the estimated appreciation (or depreciation) on real estate. In your local market, it’s important to keep track of the appreciation … Read more
A common real estate math problem you may encounter on your real estate licensing exam will be to calculate a buyer’s monthly mortgage payment based on the amount and terms of the loan. While calculating the exact monthly mortgage payment is a very complex math problem (i.e., leave it to your buyer’s lender to do … Read more