100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Study Stack - Real Estate Math Table Review Verified and 100% Correct Q & A, Complete Document for Exam $7.99   Add to cart

Exam (elaborations)

Study Stack - Real Estate Math Table Review Verified and 100% Correct Q & A, Complete Document for Exam

 2 views  0 purchase
  • Course
  • California Real Estate.
  • Institution
  • California Real Estate.

Study Stack - Real Estate Math Table Review Verified and 100% Correct Q & A, Complete Document for Exam

Preview 1 out of 2  pages

  • August 6, 2024
  • 2
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • California Real Estate.
  • California Real Estate.
avatar-seller
ACTUALSTUDY
Math formulas and practice
questions
Question Answer
How many square feet in an acre 43, 560
To determine a rectangles square Multiply the length of one side by the length of the
footage other side
To convert square footage to acreage Divide the number of square feet by 43, 560
To convert acreage to square feet Multiply the number of acres by 43, 560
If you are given the dimension only
(300x200) the first number is considered Front footage
to be
A parcel of land measures 400x400 (sq.)
400x400 = 160,000 square feet 160,000 sq ft / 43,
how many acres are contained in this
560 = 3.6731 Acres
parcel?
A parcel of land is 7.5 acres. How many
43, 560 X 7.5 = 326, 700 sq. ft.
square feet are in the parcel?
To calculate a sales commission: X the selling price by the commission rate
X the total sales commission by the appropriate
To calculate a commission split between
percentage that either the broker or sales
broker and sales associate:
associate is entitled to receive.
To calculate the appropriate selling price
so that the seller will receive a certain Selling price= Sellers net + Closing cost divided by
amount to money after paying closing / 100% - Commission rate
costs and the sales commission
Broker Gary sold a home for $375, 000
with an agreed upon commission of 7.5%
$375,000 X 7.5% =$28,125
of the sales price. How much is the sales
commission?
Broker Bob has agreed to pay
salesperson Jo 2/3 all commissions
warned as a result of Jo's efforts. If
$600,000 X 6% = $36,000 $36, = $12,000
Rafael sells a property for $600,000 with
an agreed upon commission of 6% how
much is Jo's share of the commission
Seller Aaron wants to Net $ 259,000,
agrees to commissions as follows: 5% -
$100,000 X 5%= $5,000 $100,000 X 6%= $6,000
first $100,000 6% - next $100,000 7% -
$135,300 X 7%= $9,471 $5,000+$6000+$9471=
anything over $200,000 If the sales price
$20,471
is $335, 300 what is the brokers
commision
Cost Depreciation Approach Step one: Reproduction Cost / Economic Life X
Effective Age = Total Depreciation / (means divided
by) Step two: Reproduction cost - Total

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller ACTUALSTUDY. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $7.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

75057 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$7.99
  • (0)
  Add to cart