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Rainmaker
4,692,936
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Basic fourth grade math should be quite sufficient for most tasks.  As I have responded(repeatedly) my copy of Jethro Bodine's Math for Dummies book with answer guide has come in quite handy.  By the way, no offense to dummies or to Utah School of Real Estate students.  

Apr 05, 2020 05:24 PM
Ambassador
2,281,107
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Prop. Mgr, Wenatchee, WA

The only math I used consistently besides calculating commissions was Square footage/acreage of a lot or piece of property.

Apr 06, 2020 03:27 AM
Rainmaker
1,243,610
Doug Dawes
Keller Williams Evolution - 447 Boston Street, Suite #5, Topsfield, MA - Topsfield, MA
Your Personal Realtor®

The commission formula...lol

 

Apr 06, 2020 08:14 AM
Ambassador
3,236,236
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate (435) 632-9374 - St. George, UT
The best agent in Southern Utah!

+  -  % = ÷ x

Apr 06, 2020 06:48 AM
Rainmaker
1,600,781
Thomas J. Nelson, REALTOR ® CRS,ABR,PSA,RCS-D, ePRO
Big Block Realty 858.232.8722 - La Jolla, CA
Serving Coastal San Diego, Veteran's & Seniors

CAP Rate Formula

Apr 05, 2020 06:54 PM
Ambassador
3,407,780
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

Basic Math. 

I wish you all the best with your real estate studies. 

Apr 06, 2020 08:23 AM
Rainmaker
2,487,947
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

Work = pay 

Apr 05, 2020 05:48 PM
Ambassador
2,543,461
Kat Palmiotti
eXp Commercial, Referral Divison - Kalispell, MT
Helping your Montana dreams take root

Total commission less: percent that goes to my company less: percent that goes to anyone who referred the client less: percent that goes to expenses less: percent that goes to taxes = net income.

Apr 05, 2020 04:44 PM
Rainmaker
602,337
Dee Toohey
Innovative Realty Solutions Group - Longwood, FL
Broker, ABR, AHWD, CIPS, FMS, ePro

I don't do lending numbers.  I leave that to lenders.  I verify the CD numbers with the contract and MLS. 

Apr 05, 2020 03:56 PM
Rainmaker
8,082,064
Roy Kelley
Retired - Gaithersburg, MD

Just be sure to have a good financial calculator for all of your needs.

Compare your estimated monthly payments and cash requirements with the actual figures at settlement to test your accuracy.

Apr 06, 2020 07:47 AM
Rainmaker
1,257,958
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

mortgage payment. I do it in my head.

Apr 06, 2020 07:14 AM
Rainmaker
2,828,096
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Knowing lot square footage, garage and house and that 43,560 feet is an acre 

Apr 06, 2020 07:02 AM
Rainmaker
2,227,228
Anthony Acosta - ALLATLANTAcondos.com
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

$500,000.00 X .03 = My commission. 

Apr 09, 2020 04:53 PM
Ambassador
3,915,143
Margaret Rome Baltimore 410-530-2400
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Figuring out the seller's bottom line number.

Apr 06, 2020 09:45 PM
Rainmaker
2,240,120
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Commiss

Apr 06, 2020 05:23 PM
Ambassador
5,139,733
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

The standard math

Apr 06, 2020 02:34 PM
Rainer
405,779
Don Baker
Lane Realty - Eatonton, GA
Lake Sinclair Specialist

multiplication.  sales price times commission = life

Apr 06, 2020 01:01 PM
Rainmaker
5,773,924
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Basic math...A

Apr 06, 2020 10:19 AM
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