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Real Estate Math - (GEN) New

Course Description

This module is a 3 – hour course designed to teach real estate professionals the type of mathematics skills that are used in their trade. This module includes two practice exams that will help the student prepare for the final exam. Understand that these are for practice only. The student must pass a comprehensive final that consists of 20 questions to receive credit for the module.

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    The module includes fractions, decimals and percentages: the mathematical language used to express many aspects of real estate practice. Area and volume will be discussed so that the licensee will be able to determine and express the amount of commodity in a particular parcel of realty. While not a real estate finance course, this module will review concepts of interest, amortization and loan rate and discount. These concepts must be understood fully so that the licensee may grasp the essential elements used in the purchase of and financing for real property. Additionally, the principle of prorating will depict the importance of time in the transfer of realty.

    The conclusion of this module offers real world examples and applications of the information presented. Upon completion of this module the student will comprehend the language and principles of mathematics necessary to successfully function in the practice of real estate.

    Learning Objectives

      • Name key terms used in real estate math problems.
      • Apply fractions, decimals and percentages.
      • Translate fractions into decimal and percentage forms.
      • Determine the area and volume of a given object or parcel.
      • Manipulate the principles involved in rate calculations.
      • Grasp the concept of amortization.
      • Comprehend the principles of prorating and how to apply them.
      • Understand and solve for appreciation and depreciation.
      • Identify and apply calculation formulas to determine value and profit.
      • Apply interest rates and loan discount rates.
      • Use equations to calculate interest.
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