
Real Estate Math Simplified
Master Essential Formulas and Calculations for the Real Estate Exam
- English
- ePUB (mobile friendly)
- Available on iOS & Android
Real Estate Math Simplified
Master Essential Formulas and Calculations for the Real Estate Exam
About this book
             Real Estate Math Simplified
Conquer real estate math with confidence using "Real Estate Math Simplified," the ultimate guide for mastering essential calculations and formulas. This comprehensive book breaks down complex mathematical concepts into easy-to-understand explanations, practical examples, and step-by-step problem-solving. Ideal for aspiring and experienced real estate professionals, this resource covers crucial topics like property valuation, mortgage financing, commissions, closing costs, investment analysis, and tax prorations.
"Real Estate Math Simplified" equips readers with the tools and knowledge needed to excel on real estate licensing exams and tackle daily challenges in the industry. With chapters dedicated to key areas of real estate math, this book provides a solid foundation for success. Clear explanations, real-world examples, and hundreds of practice questions with detailed solutions demystify even the most challenging concepts, empowering readers to analyze property values, estimate closing costs, calculate commissions and prorations, assess investment potential, and make informed, data-driven decisions.
Develop the skills and confidence to provide exceptional value to clients, close deals seamlessly, and build a thriving real estate career. "Real Estate Math Simplified" goes beyond the basics, offering a roadmap to success in the dynamic world of real estate. By mastering the mathematical principles outlined in this book, readers can unlock their full potential and stand out in a competitive industry.
Invest in your future and elevate your real estate career with "Real Estate Math Simplified" Order your copy today and take the first step towards conquering real estate math with confidence and precision.
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Information
Table of contents
- Real Estate Math Simplified
- Table of Contents
- Preface
- Quinlan Stephen Duncan
- Introduction
- Chapter 1: Basic Math Concepts
- Arithmetic: The Building Blocks of Math
- Fractions and Decimals: Working with Parts of a Whole
- Percentages: Expressing Parts of a Whole
- Order of Operations: PEMDAS
- Solving Equations: Finding Unknown Values
- Chapter 2: Property Measurements and Area Calculations
- Units of Measurement: Square Feet and Acres
- Calculating the Area of Rectangular Properties
- Calculating the Area of Triangular Properties
- Calculating the Area of Irregular Shaped Properties
- Calculating Livable and Rentable Square Footage
- Practice Problems and Solutions
- Chapter 3: Property Valuation
- Assessing Property Value Using Comparable Sales
- Calculating Price Per Square Foot
- Calculating Gross Rent Multiplier
- Capitalization Rate
- Practice Problems and Solutions
- Chapter 4: Mortgage Calculations
- Principal, Interest, Taxes, and Insurance (PITI)
- Loan-to-Value Ratio (LTV)
- Debt-to-Income Ratio (DTI)
- Amortization Schedules
- Calculating Monthly Mortgage Payments
- Practice Problems and Solutions
- Chapter 5: Property Tax Calculations
- Assessed Value vs Market Value
- Calculating Property Taxes Based on Millage Rate
- Property Tax Exemptions and Abatements
- Practice Problems and Solutions
- Chapter 6: Commission and Transaction Costs
- Calculating Real Estate Commissions
- Prorations for Property Taxes, HOA Dues, and Other Fees
- Estimating Closing Costs
- Practice Problems and Solutions
- Chapter 7: Investment Analysis
- Cash Flow Analysis
- Return on Investment (ROI)
- Internal Rate of Return (IRR)
- Net Present Value (NPV)
- Practice Problems and Solutions
- Chapter 8: Practice Exam Questions
- Practice Test 1
- Answers and Explanations 1
- Practice Test 2
- Answers and Explanations 2
- Practice Test 3
- Answers and Explanations 3
- References