Real Estate Math Made Easy: Pass Your Licensing Exam from Udemy

What's inside

Learning objectives

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

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

Syllabus

Understand why real estate math is important and how to best use this course

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.

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!

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

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. There is a Real Estate Math Cheat Sheet as a resource to this lecture. Please keep this handy throughout the course!

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

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.

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.

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.

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

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.

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.

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.

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.

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

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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

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.

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.

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

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.

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.

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.

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.

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.

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.

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.

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.

Traffic lights

Read about what's good

what should give you pause

and possible dealbreakers

Covers topics like calculating commissions, qualifying for loans, and understanding closing costs, which are essential for real estate agents

Includes practice problems with full solutions, allowing learners to pinpoint and address their specific problem areas in real estate math

Explains the T-Method, a fundamental concept used throughout the course, providing a foundation for solving various real estate math problems

Requires learners to download and solve practice problems before reviewing the solutions, encouraging active learning and problem-solving skills

Uses real-world examples and case studies, such as calculating renovation costs and analyzing actual appraisals and closing statements

Focuses on the HUD-1 closing statement, which was replaced by the Closing Disclosure in 2015, so some information may be outdated

Reviews summary

Essential real estate math for licensing exam

According to students, this course is a highly effective tool for mastering the math required for the real estate licensing exam and real-world transactions. Many found the explanations clear and easy to follow, especially the T-Method which is highlighted as a valuable technique. The inclusion of practice problems with detailed solutions after each section is seen as a major strength, allowing learners to solidify their understanding and identify weak areas. While some note it requires focused effort and practice, the consensus is that it builds confidence and simplifies complex topics, making the math approachable.

Applicable to real-life transactions.

"Not only did it help with the exam, but I can see how this math applies to working with clients."

"The examples provided are practical and relate to real estate deals."

"Understanding these calculations helps me explain things better to buyers and sellers."

"The course connects the math concepts to real-world scenarios."

Reduces fear of real estate math.

"I always hated math, but this course made it less intimidating and even a bit enjoyable."

"It really helped me get over my fear of real estate math."

"Finally, math I can understand! Less anxiety about calculations now."

"This course lives up to its name - Real Estate Math Made Easy."

The T-Method simplifies calculations.

"The T-Method taught in this course is a game changer! It made solving problems so much faster and easier."

"Understanding the T-Method was key for me. It's a great tool for figuring out formulas."

"The method for setting up the problems using the T was incredibly helpful."

"I will definitely be using the T-Method going forward in my real estate career."

Helps feel prepared for the licensing exam.

"This course made me feel ready to tackle the math questions on my licensing exam."

"Before this course, I was really worried about the math part of the test. Now I feel confident."

"I passed my exam largely thanks to the math section of this course."

"The topics covered are directly relevant to what's on the licensing exam."

Explanations are clear and easy to understand.

"The instructor explains complex topics in a simple, easy-to-understand way."

"Loved how everything was broken down step-by-step. Made confusing concepts simple."

"The way math is explained is very clear, even for someone who struggled with math."

"I found the explanations straightforward and appreciated the instructor's approach."

Practice problems with solutions are valuable.

"The practice problems after each section were essential for testing my knowledge."

"Having the solutions available to check my work was extremely beneficial."

"I liked that there were practice problems right there to solidify the concepts taught."

"Solving the practice problems made me much more confident before moving on."

Activities

Be better prepared before your course. Deepen your understanding during and after it. Supplement your coursework and achieve mastery of the topics covered in Real Estate Math Made Easy: Pass Your Licensing Exam with these activities:

Review Basic Algebra

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Strengthen your understanding of fundamental algebraic concepts, which are essential for mastering real estate math calculations.

Browse courses on Algebra

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Review key algebraic concepts.
Practice solving linear equations.
Work through word problems involving algebra.

Review 'Real Estate Math: Explanations, Problems, Solutions'

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Supplement your learning with a dedicated real estate math textbook to gain a deeper understanding of the concepts.

View Florida Real Estate Exam Manual on Amazon

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Obtain a copy of the book.
Read the chapters relevant to the course.
Work through the practice problems.

Practice T-Method Problems

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Reinforce your understanding of the T-Method by working through a variety of practice problems.

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Find practice problems online.
Solve each problem using the T-Method.
Check your answers and review mistakes.

Four other activities

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Show all seven activities

Create a Real Estate Math Cheat Sheet

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Consolidate your knowledge by creating a comprehensive cheat sheet of real estate math formulas and concepts.

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Gather all relevant formulas.
Organize the formulas by topic.
Design a clear and concise cheat sheet.

Review 'Mastering Real Estate Math'

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Expand your knowledge with a more advanced real estate math textbook to gain a deeper understanding of the concepts.

View Real Estate Exam Guide on Amazon

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Obtain a copy of the book.
Read the chapters relevant to the course.
Work through the practice problems.

Analyze a Real Estate Transaction

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Apply your real estate math skills to a real-world transaction to solidify your understanding.

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Find a sample real estate transaction.
Calculate commissions, loan qualifications, and closing costs.
Present your findings in a report.

Tutor Other Students

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Solidify your understanding by tutoring other students in real estate math.

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Offer tutoring services to classmates.
Prepare explanations and practice problems.
Provide guidance and support to students.

Career center

Learners who complete Real Estate Math Made Easy: Pass Your Licensing Exam will develop knowledge and skills that may be useful to these careers:

Real Estate Agent

A real estate agent helps clients buy, sell, and rent properties, and this course directly supports that role. The ability to understand and apply real estate math is essential for agents to accurately calculate commissions, determine property values, qualify buyers for loans, and understand closing costs. This course specifically addresses these critical math skills, ensuring a real estate agent can confidently guide clients through transactions and provide expert advice. Anyone hoping to excel as a real estate agent should take this course to build a strong foundation for success.

See salaries and explore the career path for Real Estate Agent

Real Estate Broker

A real estate broker oversees real estate transactions and often manages a team of agents. This role requires a solid grasp of real estate math, which this course provides. A broker uses these skills to calculate commissions, understand loan qualifications, and evaluate closing statements to ensure smooth transactions. This course will help a real estate broker by building the skills needed to advise clients and manage other agents. Those seeking to become real estate brokers would benefit from this course.

See salaries and explore the career path for Real Estate Broker

Real Estate Investor

A real estate investor buys and sells properties to generate profit. Mastery of real estate math is essential to make sound investment decisions. This course provides the skills to calculate potential returns, analyze loan options, estimate renovation costs, and understand closing statements. A real estate investor can use the knowledge gained to evaluate properties and maximize their investment potential. If you intend to become a real estate investor, this course is a great way for you to build that foundation.

See salaries and explore the career path for Real Estate Investor

Loan Officer

A loan officer assesses the financial health of prospective borrowers and guides them through the lending process. This course is a great addition to the skillset of a loan officer who needs to understand how to calculate debt to income ratios, mortgage interest, and loan points. The detailed coverage of loan qualifications and amortization tables within this course is especially pertinent for this role. A loan officer can use this to ensure that they are able to deliver expert advice to their clients. Anyone interested in a career as a loan officer should take this course to understand key calculations.

See salaries and explore the career path for Loan Officer

Property Manager

Property managers are responsible for the daily operations of rental properties, including setting rent prices and calculating expenses. This course will help a property manager learn how to conduct calculations found in real estate, such as prorated rent, vacancy rates, and other financial aspects of property management. It will also help them understand the math behind rental agreements. This course should be on the radar of individuals looking to advance their career as a property manager.

See salaries and explore the career path for Property Manager

Real Estate Appraiser

A real estate appraiser provides unbiased opinions of a property's value. This course will help an appraiser learn how to use the cost approach and sales comparison approach to calculating property value. This course also gives an overview of a real estate appraisal report and explains the key components. This course may be useful for someone looking to become a real estate appraiser or to better understand the reports that an appraiser generates as part of a real estate transaction.

See salaries and explore the career path for Real Estate Appraiser

Escrow Officer

An escrow officer manages the funds and documents in a real estate transaction. This course will help an escrow officer learn how to calculate prorations on closing statements to ensure the buyer and seller are paying their fair share of taxes, fees, and other costs. This includes an overview of the HUD 1 closing statement. This course may be helpful to an escrow officer to better understand the nuances of real estate transactions.

See salaries and explore the career path for Escrow Officer

Real Estate Consultant

A real estate consultant provides expert advice to clients on matters related to real estate, guiding them in making informed decisions. This role requires a strong understanding of how to evaluate properties, qualify for loans, and the financial aspects of real estate. While this course is not specifically a consulting course, it is foundational to it since it provides thorough training in the math concepts needed to understand the financial side of real estate transactions, like calculating commissions, understanding appraisal methods, and evaluating loan options. People interested in becoming a real estate consultant might find this course useful.

See salaries and explore the career path for Real Estate Consultant

Underwriter

An underwriter evaluates the risks involved in lending money for real estate. This role benefits from a precise understanding of interest calculations, loan terms, and debt-to-income ratios. This course covers those topics and helps the underwriter better assess the financial health of a potential borrower as well as the financial feasibility of a proposed loan. This course may be useful to underwriters who want to enhance their understanding of real estate transactions.

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Real Estate Analyst

A real estate analyst researches market trends and financial data to aid investors and real estate firms. The role requires a solid grasp of real estate math, and this course helps build a strong foundation. A real estate analyst can use the skills acquired to analyze the financial aspects of real estate transactions, including mortgage calculations, commissions, and property valuations. This course may be helpful for anyone interested in becoming a real estate analyst.

See salaries and explore the career path for Real Estate Analyst

Construction Estimator

A construction estimator calculates the costs of a construction project, often including renovations for a property transaction. While this course does not directly cover construction, it does discuss how to utilize geometry, perimeter, area, and volume for renovation cost calculations. This means that a construction estimator who takes this course may find insights into math that can help them estimate renovation costs. This course may be useful to a construction estimator who works on real estate projects.

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Financial Planner

A financial planner helps clients manage their finances and make investment decisions. While this course is specific to real estate, it may help a financial planner who works with clients who want to buy or sell real estate. Concepts such as loan qualification, amortization, and closing costs can be relevant to financial planning. A financial planner may find this course useful to better serve clients who are interested in real estate.

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Accountant

Accountants provide a variety of financial analysis and reporting services for their clients. While this course is not specifically an accountancy course, this course may be helpful for an accountant who works with real estate clients. An accountant might benefit from the understanding of the calculations that go into real estate transactions, including commissions, mortgage calculations, and appraisal methods. This course may be useful to accountants who work with real estate clients.

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Title Examiner

A title examiner researches property records to ensure clear ownership. While this course does not focus on legal aspects, it contains information about legal descriptions of real estate, which can be beneficial to a title examiner. This course may be useful for someone who intends to work as a title examiner and wants a basic understanding of real estate math concepts, including legal descriptions of property.

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Insurance Agent

An insurance agent manages the insurance needs of clients, which may include homeowner's insurance. While this course is not specifically an insurance course, the understanding of property values that this course offers may be useful to insurance agents who need to determine replacement costs of homes and properties. This course may be useful to an insurance agent who hopes to better understand the value of the properties they are insuring.

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Real Estate Math Made Easy

Pass Your Licensing Exam

What's inside

Learning objectives

Syllabus

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Reviews summary

Essential real estate math for licensing exam

Activities

Career center

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