Real estate Math Flashcards
Area of triangle
2
Seller Net
Net Seller ------------------------------------------- Sales price | Commission - 100 | |
9 Sq ft = ___ sq yards
1 sq yard
1 acre = _____ sq ft
43,560
1 sq mile = ______ acres
640
Cap Formula
Value | Cap Rate
How to calculate appreciation
Divide the total appreciation, by original cost
Straight line depreciation
Charged coat evenly
Township Dimension
6 miles square
36 square miles
36 section
Section dimensions
1 mile square
1 sq mile
640 acres
Housing expense ratio
Gross monthly income
Total obligations ratio
Gross monthly income
1 mile = _____ ft
5280 ft
Direct cap technique
PGI -V&C ------- EGI -OE ------- NOI
PGI -V&C ------- EGI -OE ------- NOI
GRM formula
Monthly gross rent
GIM formula
Yearly gross income
Profit or loss %
Paid
Cubic feet formula
Length x Width x Height
1 yard = ____ ft
3 ft
1 cubic yard = ___cubic ft
27 cubic feet
How to figure out linear feet
Add up the sum of all sides that need to be fenced.
State doc stamp tax on deed
.70 / $100 of the SALES PRICE
Int. Tax on Mortgage
Loan amount X .002
Note Stamp tax
.35/ $100
Taxable Value
Assessed value - exemptions
Taxes for year
Taxable value x Tax Rate
If taxes or pro rated items have been paid by the seller, you would…..
Credit the seller and debit the buyer. You would start from closing date and count up until end of the year.
If the taxes or pro rated item have not been paid, you would….
You would credit the buyer and debit the seller and count from beginning of the year up until day of closing.
How many weeks are in a year?
52 weeks
The area running north and south between meridians is a
RANGE
The area running east and west between bass lines is a
Tier
Ad valorem tax base
Total of all assessed values of properties MINUS exemptions
Mileage rate is derived by…
Dividing the tax requirement by tax base.
Homestead exemption
$25,000
Widow - $500
Disability- $500
Veterans disability - $5000
If rent has been paid in advance, you would….
Credit the buyer for rent from closing date until end of month, and debit seller same amount.
Before tax cash flow
NOI - Debt Service --------------- BTCF
After tax cash flow
Tax liability
___________
ATCF
ROI formula
NOI
Price
ROE formula
Cash flow
Equity
Area of a lot
WxD= Area
How long does a licensee have to dispute a citation?
30 days.
After a broker realized he has a good faith doubt the broker has how much time to notify the FREC?
15 business days