Mastering real estate mathematics: a self-instructional text
Contents: Percentages, Fractions and Decimals; Commissions; Sale Price, List Price and Net Income; Area and Volume; Appraisal; Finance; Taxes; Legal Descriptions; Proration; Closing; Time Value of Money; Includes Answer Key. Examples and exercises take readers step-by-step from simple to complex calculations.
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REVIEW OF BASIC ARITHMETIC SKILLS
PERCENTAGES FRACTIONS AND DECIMALS
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1/4 of section accrued interest Achievement Exercise acres amortized annual depreciation annual interest annuity appraised assessed value assumed mortgage broker broker's commission building calculator cash charged closing statement compound interest Compute cubic date of closing Debit Credit decimal point Denton County depreciation divide earnest money equal example expenses factor figure formula fraction gross sales income insurance premium interest payment interest rate lease lender list price loan amount loan discount market value meter metes and bounds metric system month monthly interest monthly payment mortgage loan multiply number of days origination fee percent x total percentage lease present value principal balance profit proration ratio real estate tax received rectangle replacement cost rounded sale price sales comparison approach salesperson sold Solve square feet square foot Step subtract Table Tarrant County tax rate total commission transfer tax water bill whole number