Real Estate Math Made Easy: Pass Your Licensing Exam

Get Over Your Math Anxiety to Pass Your Real Estate Licensing Exam and Build A Successful Real Estate Career!
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1,408 students enrolled
Instructed by Peggy Yee Business / Real Estate
$20
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  • Lectures 37
  • Contents Video: 2 hours
    Other: 2 hours
  • Skill Level Beginner Level
  • Languages English
  • Includes Lifetime access
    30 day money back guarantee!
    Available on iOS and Android
    Certificate of Completion
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About This Course

Published 2/2015 English

Course Description

*** Over 500 students enrolled within 24 hours of launching this course!! ***


Learn basic and advanced real estate math concepts you need to:

  • pass your real estate licensing exam
  • become a successful real estate agent
  • understand the math behind real estate transactions

Get Over Your Math Anxiety and Succeed In Real Estate

At the end of this course, you will have a strong real estate math foundation that you can use throughout your entire real estate career. Many real estate agents are afraid of real estate math, but you don't have to be! Stand out from your competition with confidence that you can answer any real estate math questions they have.

Content and Overview

This is a comprehensive course that covers 9 ESSENTIAL REAL ESTATE MATH TOPICS:

  • Fractions, Decimals and Percentages
  • Basic Applications of Percentages
  • Commissions
  • Qualifying for a Loan
  • Interest and Mortgages
  • Area and Volume
  • Legal Descriptions of Land
  • Appraisal Methods
  • Closing Statements

100+ Real Estate Math Practice Problems will Full Solutions

Go beyond the lectures and practice yourself with over 100 real estate math practice problems. Each sections has a set of practice problems and full solutions so you can practice and pinpoint your problem areas.

Understand Real World Situations and Impress Your Clients

This course not only helps prepare you for the real estate licensing exam, but also provides real world examples of how real estate math is used on every real estate deal, whether you are buying or selling real estate. Impress your clients with your expert knowledge to help them with buying or selling including: how they can qualify for a loan, estimate renovation costs, understanding their closing costs, and much more!

What are the requirements?

  • You should have a pencil, paper, and calculator in order to follow along with the course and work through the practice problems.

What am I going to get from this course?

  • Apply real estate math skills to real world transactions in buying, selling, and investing in real estate
  • Confidently answer real estate math questions on the real estate licensing exams
  • Advise buyers on how to qualify for a loan, determine the value of a property and understand closing costs
  • Advise sellers on how much to list their property, how much money to expect at closing and how much they will need to pay in commission

What is the target audience?

  • The course is designed for students who are getting ready to take the real estate licensing exam or new real estate agents
  • No prior knowledge of real estate math is necessary. We will start at the basics and work our way up to more complicated examples.

What you get with this course?

Not for you? No problem.
30 day money back guarantee.

Forever yours.
Lifetime access.

Learn on the go.
Desktop, iOS and Android.

Get rewarded.
Certificate of completion.

Curriculum

Section 1: Introduction to Real Estate Math
01:37

Real Estate Math is an important skill that you will not only need in order to pass your real estate licensing exam, but also need to use on every real estate transaction. This course provides a comprehensive overview of 9 real estate math topics along with real world examples to help you understand how to use real estate math on actual transactions.

03:08

If you are just starting out as a real estate agent or you need to brush up on your real estate math skills for the licensing exam, I suggest going through each lecture to fully understand all aspects of real estate math. If you want to pinpoint specific problem areas, you can skip ahead to those lectures also. Make sure you go through the real estate math practice problems to solidify your understanding of each section!

Section 2: Real Estate Math Fundamentals
04:59

This section contains a basic overview of converting among fractions, decimals, and percentages.

04:19

This section explains the basic concept of the T-Method which will be used throughout the entire course. It is extremely important that you understand the T-Method before proceeding with the course.

05:42

This section has examples of how to use the T-Method

9 pages

This section has practice problems for Real Estate Math Fundamentals. Download the PDF and solve the problems yourself first. The next lecture will have a PDF of the solutions.

12 pages

STOP! Did you already download the practice problems from the previous lecture? This lecture contains the solutions to the practice problems for Real Estate Math Fundamentals. Try to solve the problems on your own first before downloading these solutions.

Section 3: Calculating Commissions
04:46

This lecture will cover one of my favorite topics - how you get paid! We will cover how to calculate your commission based on the sale price of the property.

09:30

This lecture explains more complex commission structures, including graduate commission and how to calculate your commission after you've reached your cap.

7 pages

This section has real estate math practice problems for Calculating Commissions. Download the PDF and solve the problems yourself first. The next lecture will have a PDF of the solutions.

10 pages

STOP! Did you already download the practice problems from the previous lecture? This lecture contains the solutions to the real estate math practice problems for Calculating Commissions. Try to solve the problems on your own first before downloading these solutions.

Section 4: Qualifying for a Loan
09:50

This lecture explains the basics of qualifying for a loan. We will discuss how to calculate a buyer's front-end and back-end Debt to Income (DTI) ratios.

06:01

This lecture explains how to use an amortization table. Amortization problems are commonly found on the real estate licensing exam, so it is important to know how to use the amortization table to answer those questions correctly.

01:11

This lecture explains how to calculate points, where 1 point equals 1% of the loan amount.

04:53

In this lecture, I will go through the process of comparing two loan options that your buyers may be faced with and discuss the pros/cons of each loan.

5 pages

This section has real estate math practice problems for Qualifying for a Loan. Download the PDF and solve the problems yourself first. The next lecture will have a PDF of the solutions.

6 pages

STOP! Did you already download the practice problems from the previous lecture? This lecture contains the solutions to the real estate math practice problems for Qualifying For A Loan. Try to solve the problems on your own first before downloading these solutions.

Section 5: Interest and Mortgages
05:16

The lecture explains how to use an extended T-Method to calculate interest. We will cover the relationships between interest, loan amount, time, and interest rate.

6 pages

This section has real estate math practice problems for Interest and Mortgages. Download the PDF and solve the problems yourself first. The next lecture will have a PDF of the solutions.

7 pages

STOP! Did you already download the practice problems from the previous lecture? This lecture contains the solutions to the real estate math practice problems for Interest and Mortgages. Try to solve the problems on your own first before downloading these solutions.

Section 6: Legal Descriptions of Real Estate
08:46

There are 4 main ways that real estate is described in the United States. In this lecture, we will focus on the Government Land Survey method to describe real estate.

4 pages

This section has real estate math practice problems for Legal Descriptions of Real Estate. Download the PDF and solve the problems yourself first. The next lecture will have a PDF of the solutions.

4 pages

STOP! Did you already download the practice problems from the previous lecture? This lecture contains the solutions to the real estate math practice problems for Legal Descriptions of Real Estate. Try to solve the problems on your own first before downloading these solutions.

Section 7: Using Geometry in Real Estate
04:04

This lecture focuses on how to use perimeter, area, and volume in real estate calculations. Many of the uses of geometry will relate to calculating renovation costs for a home.

05:14

This lecture has a case study where we will calculate the renovation costs for a two-story townhouse.

6 pages

This section has real estate math practice problems for Using Geometry in Real Estate. Download the PDF and solve the problems yourself first. The next lecture will have a PDF of the solutions.

7 pages

STOP! Did you already download the practice problems from the previous lecture? This lecture contains the solutions to the real estate math practice problems for Using Geometry in Real Estate. Try to solve the problems on your own first before downloading these solutions.

Section 8: Appraisal Methods
04:22

This lecture explains how to calculate property value using the cost approach.

04:46

This lecture explains how to calculate property value using the sales comparison approach. This is the most common way real estate agents and appraisers calculate property value for residential transactions.

11:36

In this lecture, I will go through an actual appraisal from one of my previous transactions and explain the key components to understanding an appraisal.

5 pages

This section has real estate math practice problems for Appraisal Methods. Download the PDF and solve the problems yourself first. The next lecture will have a PDF of the solutions.

7 pages

STOP! Did you already download the practice problems from the previous lecture? This lecture contains the solutions to the real estate math practice problems for Appraisal Methods. Try to solve the problems on your own first before downloading these solutions.

Section 9: Closing Statement (HUD-1) Calculations
07:24

This lecture will explain how to calculate prorations on closing statements. This is used so the seller and buyer are paying their fair share of the property taxes, HOA fees, rent payments, etc. These prorations are found on the HUD-1 closing statement.

08:34

In this lecture, I will go through an actual HUD-1 closing statement from one of my previous transactions and explain the key components to understanding the HUD-1.

4 pages

This section has real estate math practice problems for Closing Statement Calculations. Download the PDF and solve the problems yourself first. The next lecture will have a PDF of the solutions.

6 pages

STOP! Did you already download the practice problems from the previous lecture? This lecture contains the solutions to the real estate math practice problems for Closing Statement Calculations. Try to solve the problems on your own first before downloading these solutions.

Section 10: Conclusion
Congratulations!
1 page

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Instructor Biography

Peggy Yee, PhD, Real Estate Agent, Udemy Instructor

I am a licensed real estate agent in Virginia and work with buyers, sellers, and investors. My experience as an engineer, teacher, consultant, and entrepreneur provides you the best knowledge to teach you effective and relevant real estate math that you'll need to be successful with buyers, sellers, and investors. I began my real estate career as an investor, so I have a lot of experience working with real estate numbers!

I value education – both yours and mine. I am always educating myself on real estate market and the latest practices to buy or sell a house. This allows me to provide you with the most current real estate math advice and best practices for you to be successful in your real estate career!

Licensed REALTOR® in Virginia

Managing Director, Stanley Ranch LLC - Real Estate Investment and Services Firm

e-Pro® - Professional Certification as a technology-savvy REALTOR®

LEED AP - Accredited Professional in Leadership in Energy and Environmental Design for sustainable and green building design.

Real Estate Investment Education in Creative Financing, Real Estate Notes, Tax Liens, Wholesale, Rehabbing Homes, Properties in Probate, and Mobile Homes

Education

Stanford University - M.S. and Ph.D. in Civil Engineering

University of Illinois Urbana-Champaign - B.S. in General Engineering

Professional Memberships

National Association of Realtors (NAR)

Virginia Association of Realtors (VAR)

Northern Virginia Association of Realtors (NVAR)

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