The 10 Most Common Real Estate Math Formulas You Need to Know | Just Call Maggie

The 10 most common real estate math formulas you need to know. Hey there, future real estate pros! 🏡 Ready to crush your real estate exam? Join Maggie Relloso, your trusty math guide, as she breaks down the top 10 must-know formulas that will make those math questions a breeze.

In this video, Maggie simplifies complex real estate math into easy-to-follow steps. From commissions to cap rates, down payments to property taxes, she's got you covered. Plus, she throws in some tips and tricks to boost your math skills along the way.

Formula 1: Commissions (1:03)
Commission = sales price x commission rate
Formula 2: Capitalization Rate (1:50)
Capitalization rate = net operating income divided by the market value times 100
Formula 3: LTV Ratio (2:45)
Loan amount/Market Value x 100 = LTV Ratio
Formula 4: Down Payment Percentage (3:41)
Down payment amount/Sales price x 100 = down payment percentage
Formula 5: Property Taxes (4:40)
Assessed value of property x tax rate = annual property tax
Formula 6: Price per Square Foot (5:19)
Property price/Total square footage = Price per Square Foot
Formula 7: Loan Constant (5:48)
Debt service (monthly payment)/loan amount = loan constant
Formula 8: Gross Rent Multiplier (GRM) (6:20)
Property price/annual rental income = GRM
Formula 9: Area (7:00)
Area of a rectangle or square = base x height
Area of a triangle = base x height/2
Formula 10: Proration (7:51)
Annual tax amount/days in a year (360/365) = price per day

Don't let those equations intimidate you any longer. Hit that subscribe button, give us a thumbs up if you found this video helpful, and get ready to ace your real estate exam with Maggie by your side!

Subscribe to @JustCallMaggie more real estate insights, and remember, math doesn't have to be your enemy. Stay tuned, keep crunching those numbers, and happy studying! 📚💼🎓

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[BodyMedia]

Praise to God! I passed my New York Real Estate Exam on the first try! These videos helped me a lot! Thanks so much! For everyone studying, you can do it keep going and never quit! God bless you.

[AmericaTreeServiceLLC]

This has been one of the best videos I've seen. I test tomorrow and I'm confident I will pass the math portion now!

[erikatatis]

Thank you for all your help. I finally passed my Florida real estate exam

[SilverGargoyle]

Thank you, you broke that down so simple.

[ChristianSpokenWordofGod]

I love how you brought all the math concepts that could be on exam, in one short video. Very good explanations.

[sonyhuu]

i don't know math but this tutorial helps alot it doesn't mean i can't learn it. thank you for this tutorial.

[yournotdatguypal]

This is so dope and easy to remember. I will write these down as soon as I get my next exam on the blank paper and will ace my exam.

[aliciatilleryinWA]

💐Thanks! I passed my Real Estate Exam using your videos on the first try! Thank you!

[almavlogschicago]

I passed my Chicago Real Estate Exam on the first try!!! Thank you so much I watched your videos literally 24/7 I was so nervous but I did THANK YOU 😊

[ja_pann]

I still read book so hard. I went to say Thank you so much. Your all vdo help me a lot.

[Cocobandss]

aye I dont comment but this is for sure helping me i cant do nothing but smile at youuu girlll thankkk

[hunnilove]

Love your videos!! Just took my exam this morning and passed the first time!! Your videos especially math were so helpful! Thank you!

[Hrgonza]

thank you for your teaching, i was able to get my certification and real estate exam in the first try here in GA Math problems where easy

[_Samantharachelle]

Thank you for breaking that down for me, this is the best video on this topic, that i have reviewed so far, GO MAGGIE !

[heathercalhoun]

Maggie you make learning easyand fun love your upbeat personality. thankyou for what you do

[ThePatricktam]

Hello, I really love your teaching. Thank you!

[ceasonmorris]

OMGOSH thank you so much for taking the time out to teach us all! You are awesome and if not for your math explanations, it would have made the math so much harder! I finally passed the nationals!

[cordeliaallen]

Thank you! You’re a true blessing I test on the 30th

[DanjoPeru]

Thank you for sharing this valuable content… you really helped me a lot to understand this part of the real estate business.

[So-Be-It_]

Need to know math formulas! Wow! And I can use a calculator when I take the exam!? That's awesome! Appraisals and Mortgages look good too!