Real Estate Math: All the Math Salespersons, Brokers, and Appraisers Need to Know
The perfect guide for real estate professionals, as well as more sophisticated homebuyers. An absolute must for success in real estate is knowledge of basic math and real estate math. Real estate professionals need specific math skills to pass licensing exams, and homebuyers need them to make informed decisions. This expert guide covers the crucial real estate math topics: percentages, list sale, net pricing, appreciation and depreciation, property transfer taxes, appraisal methods,...
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The perfect guide for real estate professionals, as well as more sophisticated homebuyers. An absolute must for success in real estate is knowledge of basic math and real estate math. Real estate professionals need specific math skills to pass licensing exams, and homebuyers need them to make informed decisions. This expert guide covers the crucial real estate math topics: percentages, list sale, net pricing, appreciation and depreciation, property transfer taxes, appraisal methods, amortization, commissions, prorating, estimating closing costs, and much more. Clear and simple explanations, plus hundreds of practice exercises focused specifically on real estate situations, are included.
Why Real Estate Professionals Need Math viiHow to Get the Most from This Book ixAssessing Your Skills 1Pretest 3Real Estate Math Review 15Selling Real Estate 45Calculating Affordability and Evaluating Mortgages 47Basic Mortgage Calculations 63Advanced Mortgage Calculations 73Computing Monthly Payments: Principal, Interest, Taxes, and Insurance 91Appraising Real Estate 103Land and Area Calculations 105Market Value of Residential Properties 115Market Value of Investment Properties 125Investing in Real Estate 137Evaluating Investment Property: Income 139Evaluating Investment Property: Appreciation and Depreciation 147Closing the Sale 153Calculating Closing Costs 155Posttest 167Glossary 179
