This course covers the proper methods for solving today’s common real estate math problems. Conveys proper use of real estate math as a communications tool. Provides licensees with improved knowledge of math to enable more effective and competent communication with the public.
Course enables students to:
- Understand the math involved in real estate transactions
- Learn the steps to solve math problems
- Classify the 12 types of math problems regularly seen and used in real estate:
- Commission and split calculations
- Net proceeds
- Profit percent
- Loan points
- Annual property tax
- Straight loan interest
- First payment of amortized loan
- Discount of a note
- Inflation of price
- Prorating
- Area math
- Appraisal using cap rate