Real Estate Math – Free Practice Exam

Take our free real estate math practice exam to help pinpoint the topics you need more practice. Take the exam as many times as you like to see how much you have improved!

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Check out some of my blogs on Real Life Real Estate Math Problems, Math Formulas and Test Taking Strategies to Help Pass the Math Problems on the Real Estate Exam?

 

Real Estate Math Formulas: Calculating Transfer Taxes

August 27, 2016 by 
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

June 7, 2016 by 
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

May 28, 2016 by 
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
 

25 Strategies to Solve Real Estate Math Problems (Part 1)

March 9, 2011 by 
Taking the real estate licensing exam can be difficult, especially if math isn’t your strong suit. But don’t worry, EZ Real Estate Math is here to help with your real estate licensing exam prep! In the two-part post, we describe 25 strategies for tackling the math questions on your real estate licensing exam. This first … Read more
 

25 Strategies to Solve Real Estate Math Problems (Part 2)

March 10, 2011 by 
Taking the real estate licensing exam can be difficult, especially if math isn’t your strong suit. But don’t worry, EZ Real Estate Math is here to help with your real estate licensing exam prep! In the two-part post, we describe 25 strategies for tackling the math questions on your real estate licensing exam. Our first … Read more
 

Want More Practice?

 

Check out some of my blogs on Real Life Real Estate Math Problems, Math Formulas and Test Taking Strategies to Help Pass the Math Problems on the Real Estate Exam?

 

Real Estate Math Formulas: Calculating Transfer Taxes

August 27, 2016 by 
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

June 7, 2016 by 
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

May 28, 2016 by 
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

 

25 Strategies to Solve Real Estate Math Problems (Part 1)

March 9, 2011 by 
Taking the real estate licensing exam can be difficult, especially if math isn’t your strong suit. But don’t worry, EZ Real Estate Math is here to help with your real estate licensing exam prep! In the two-part post, we describe 25 strategies for tackling the math questions on your real estate licensing exam. This first … Read more

 

25 Strategies to Solve Real Estate Math Problems (Part 2)

March 10, 2011 by 
Taking the real estate licensing exam can be difficult, especially if math isn’t your strong suit. But don’t worry, EZ Real Estate Math is here to help with your real estate licensing exam prep! In the two-part post, we describe 25 strategies for tackling the math questions on your real estate licensing exam. Our first … Read more

 

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#1. Dan bought his home 10 years ago for $175,000. He sold his home last month for $275,00. What is the annual rate of appreciation?

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#2. An agent sells a property for $650,000 and makes a commission of 6%, which is split 70/30 with his broker. How much does the agent receive?

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#3. Gina wants to replace the carpet in her bedroom. The size of her bedroom is 12 foot by 10 foot and the cost to replace carpet is $3.00 / sf. How much will it cost Gina to replace the carpet?

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#4. An agent seller a property for $415,000 and receives a commission of $22,825. What was her commission rate?

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#5. How much total interest is paid on a $150,000 loan amortized over 15 years at 8% interest, using a factor of 9.56?

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#6. Ben sold his townhome on March 12. The property is subject to an HOA fee of $355 per month, which Ben prepaid for the month of March. How much does the buyer owe Ben in HOA fees? (Assume a 30-day month)

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#7. Marsha buys a property and closes on August 1. The seller pre-paid the annual real estate taxes of $5000 in advance. How much will Marsha owe the seller in real estate taxes at closing?

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#8. A 5-year old 2,100 sf house that has a replacement cost of $65/sf. The land is valued at $125,000 and the depreciation rate is 2% per year. What is the value of the property using the cost approach?

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#9. Karen is considering buying a 8-unit apartment building. The NOI is $85000. If she wants a 15% return on her investment, what is the maximum price she should offer?

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#10. Sally buys a $375,000 house in Ludoun County. The state recordation tax is $0.25 per $100. The county tax is 1/3 of the state tax. How much recordation tax will Sally pay?

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