Real Estate Math: All the Math Salespersons, Brokers, and Appraisers Need to Know » (New Edition)

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     vii
How to Get the Most from This Book     ix
Assessing Your Skills     1
Pretest     3
Real Estate Math Review     15
Selling Real Estate     45
Calculating Affordability and Evaluating Mortgages     47
Basic Mortgage Calculations     63
Advanced Mortgage Calculations     73
Computing Monthly Payments: Principal, Interest, Taxes, and Insurance     91
Appraising Real Estate     103
Land and Area Calculations     105
Market Value of Residential Properties     115
Market Value of Investment Properties     125
Investing in Real Estate     137
Evaluating Investment Property: Income     139
Evaluating Investment Property: Appreciation and Depreciation     147
Closing the Sale     153
Calculating Closing Costs     155
Posttest     167
Glossary     179