Real Estate Math Practice Problems
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
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
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
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
When your buyer is getting a loan, their lender will ask them whether or not they want to pay points at closing. A point is an upfront payment of interest on the loan. In return for paying points upfront, the lender will offer your buyer a lower interest rate. For example, a lender could offer … Read more
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 more
Check out our latest “Math in a Minute” video – Quick real estate math examples with complete solutions explained. In this episode, we will calculate Debt-To-Income (DTI) ratios that banks will typically look at before determining how much a buyer can afford on a loan.