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

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 moreReal Estate Math Formulas: Calculating Transfer Taxes

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 moreReal Estate Math Formulas: Understanding Amortization Factors

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 moreReal Estate Math Formulas: T-Method

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

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 moreReal Estate Math – Calculating Additional Grantor’s Tax Increases

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 moreReal Estate Math – Calculating Interest

Three Tips to Answering Multiple Choice Real Estate Math Questions

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 moreThree Tips to Answering Multiple Choice Real Estate Math Questions

Real Estate Math Problem – Proration on HUD-1

One of the most confusing types of real estate math problem you will encounter is determining what portion of expenses the seller and buyer owes. While most of these calculations are taken care of by the settlement company, it is a good idea for any real estate agent to know how it is calculated. Most … Read moreReal Estate Math Problem – Proration on HUD-1

Calculating Absorption Rate

Absorption rate is a key real estate math number that you’ll often hear. In this post, we will discuss what the absorption rate means and and the real estate math behind its calculation. What Absorption Rate Means The absorption rate is a measure of how long it would take for a location to sell all … Read moreCalculating Absorption Rate