Real estate Math

Question 1

Area of triangle

Answer 1

2

Question 2

Seller Net

Answer 2

Net Seller
-------------------------------------------
  Sales price      |  Commission - 100 
                          |
                          |

Question 3

9 Sq ft = ___ sq yards

Answer 3

1 sq yard

Question 4

1 acre = _____ sq ft

Answer 4

43,560

Question 5

1 sq mile = ______ acres

Answer 5

640

Question 6

Cap Formula

Answer 6

     Value       |         Cap Rate

Question 7

How to calculate appreciation

Answer 7

Divide the total appreciation, by original cost

Question 8

Straight line depreciation

Answer 8

Charged coat evenly

Question 9

Township Dimension

Answer 9

6 miles square

36 square miles

36 section

Question 10

Section dimensions

Answer 10

1 mile square

1 sq mile

640 acres

Question 11

Housing expense ratio

Answer 11

Gross monthly income

Question 12

Total obligations ratio

Answer 12

Gross monthly income

Question 13

1 mile = _____ ft

Answer 13

5280 ft

Question 14

Direct cap technique

PGI
-V&C
-------
EGI
-OE
-------
NOI

Answer 14

PGI
-V&C
-------
EGI
-OE
-------
NOI

Question 15

GRM formula

Answer 15

Monthly gross rent

Question 16

GIM formula

Answer 16

Yearly gross income

Question 17

Profit or loss %

Answer 17

Paid

Question 18

Cubic feet formula

Answer 18

Length x Width x Height

Question 19

1 yard = ____ ft

Answer 19

3 ft

Question 20

1 cubic yard = ___cubic ft

Answer 20

27 cubic feet

Question 21

How to figure out linear feet

Answer 21

Add up the sum of all sides that need to be fenced.

Question 22

State doc stamp tax on deed

Answer 22

.70 / $100 of the SALES PRICE

Question 23

Int. Tax on Mortgage

Answer 23

Loan amount X .002

Question 24

Note Stamp tax

Answer 24

.35/ $100

Question 25

Taxable Value

Answer 25

Assessed value - exemptions

Question 26

Taxes for year

Answer 26

Taxable value x Tax Rate

Question 27

If taxes or pro rated items have been paid by the seller, you would…..

Answer 27

Credit the seller and debit the buyer. You would start from closing date and count up until end of the year.

Question 28

If the taxes or pro rated item have not been paid, you would….

Answer 28

You would credit the buyer and debit the seller and count from beginning of the year up until day of closing.

Question 29

How many weeks are in a year?

Answer 29

52 weeks

Question 30

The area running north and south between meridians is a

Answer 30

RANGE

Question 31

The area running east and west between bass lines is a

Answer 31

Tier

Question 32

Ad valorem tax base

Answer 32

Total of all assessed values of properties MINUS exemptions

Question 33

Mileage rate is derived by…

Answer 33

Dividing the tax requirement by tax base.

Question 34

Homestead exemption

Answer 34

$25,000
Widow - $500
Disability- $500
Veterans disability - $5000

Question 35

If rent has been paid in advance, you would….

Answer 35

Credit the buyer for rent from closing date until end of month, and debit seller same amount.

Question 36

Before tax cash flow

Answer 36

NOI
- 
Debt Service 
---------------
BTCF

Question 37

After tax cash flow

Answer 37

Tax liability
___________

ATCF

Question 38

ROI formula

Answer 38

NOI

Price

Question 39

ROE formula

Answer 39

Cash flow

Equity

Question 40

Area of a lot

Answer 40

WxD= Area

Question 41

How long does a licensee have to dispute a citation?

Answer 41

30 days.

Question 42

After a broker realized he has a good faith doubt the broker has how much time to notify the FREC?

Answer 42

15 business days