Real Estate Math Made Easy: Pass Your Licensing Exam
4.5 (78 ratings)
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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!
4.5 (78 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
1,575 students enrolled
Created by Peggy Yee
Last updated 5/2016
English
Current price: $10 Original price: $20 Discount: 50% off
1 day left at this price!
30-Day Money-Back Guarantee
Includes:
  • 2 hours on-demand video
  • 17 Supplemental Resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
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What Will I Learn?
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
View Curriculum
Requirements
  • You should have a pencil, paper, and calculator in order to follow along with the course and work through the practice problems.
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!

Who 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.
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Curriculum For This Course
Expand All 37 Lectures Collapse All 37 Lectures 03:41:58
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Introduction to Real Estate Math
2 Lectures 04:45

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.

Preview 01:37

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!

Preview 03:08
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Real Estate Math Fundamentals
5 Lectures 15:00

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

Preview 04:59

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.

The T-Method
04:19

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

Basic Applications of Percentages
05:42

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.

Real Estate Math Fundamentals Practice Problems
9 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.

Real Estate math Fundamentals - Solutions to Practice Problems
12 pages
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Calculating Commissions
4 Lectures 14:16

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.

Basic Commission Calculations
04:46

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

Advanced Commission Calculations
09:30

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.

Calculating Commissions - Practice Problems
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 Calculating Commissions. Try to solve the problems on your own first before downloading these solutions.

Calculating Commissions - Solutions to Practice Problems
10 pages
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Qualifying for a Loan
6 Lectures 21:55

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.

The Basics of Qualifying for a Loan
09:50

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.

How To Use an Amortization Table
06:01

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

Calculating Points
01:11

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.

Preview 04:53

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.

Qualifying for a Loan - Practice Problems
5 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.

Qualifying for a Loan - Solutions to Practice Problems
6 pages
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Interest and Mortgages
3 Lectures 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.

Calculating Interest
05:16

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.

Interest and Mortgages - Practice Problems
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 Interest and Mortgages. Try to solve the problems on your own first before downloading these solutions.

Interest and Mortgages - Solutions to Practice Problems
7 pages
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Legal Descriptions of Real Estate
3 Lectures 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.

Legal Descriptions of Real Estate
08:46

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.

Legal Descriptions of Real Estate - Practice Problems
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.

Legal Descriptions of Real Estate - Solutions to Practice Problems
4 pages
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Using Geometry in Real Estate
4 Lectures 09:18

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.

Using Geometry In Real Estate
04:04

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

Real World Application: Calculating Renovation Costs
05:14

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.

Using Geometry in Real Estate - Practice Problems
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 Using Geometry in Real Estate. Try to solve the problems on your own first before downloading these solutions.

Using Geometry in Real Estate - Solutions to Practice Problems
7 pages
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Appraisal Methods
5 Lectures 20:44

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

Calculating Property Value Using The Cost Approach
04:22

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.

Calculating Property Value Using the Sales Comparison Method
04:46

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.

Real World Application: An In-Depth Review of an Appraisal
11:36

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.

Appraisal Methods - Practice Problems
5 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.

Appraisal Methods - Solutions to Practice Problems
7 pages
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Closing Statement (HUD-1) Calculations
4 Lectures 15:58

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.

Understanding Prorations
07:24

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.

Real World Application: An In-Depth Review of a HUD-1 Closing Statement
08:34

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.

Closing Statements - Practice Problems
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 Closing Statement Calculations. Try to solve the problems on your own first before downloading these solutions.

Closing Statements - Solutions to Practice Problems
6 pages
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Conclusion
1 Lecture 00:00
Congratulations!
1 page
About the Instructor
Peggy Yee
4.5 Average rating
89 Reviews
2,000 Students
2 Courses
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)