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Real Estate Math New

Course Description

Course Description .

This course covers math principles essential in the practice of real estate. Some of these topics may already be familiar to the student. The course will elaborate on how the subject matter pertains to real estate in everyday use. It is important that licensees understand the mathematical concepts presented here in order to be competent in the practice of real estate. This course includes the following lessons.

  • The Language of Math
  • Measurement of Dimensions
  • Financial Math
  • Valuation Math
  • Real Estate Practice

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

Learning Objectives.

Upon completion of this course, the student will be able to.

  • 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.

Regulatory Requirement

Our staff works diligently to provide you with an analysis of current mandates and legislation that affects you the licensee. All information pertaining to the Mandatory Continuing Education requirements can be found on the State Requirements page. You can find the link to this page on the upper Navigation bar on the Course Catalog.

Course Completion

Any applicable completion certificates or affidavits can be printed after completing the course and final exam.

Testing

Quizzes – There is a quiz at the end of each lesson to test comprehension of the subject matter.

Final Exam – Passing Grade 70%. You can take the final three times.

About The Subject Matter Expert

This course is created and brought to you by 360Training, a leading provider of accredited e – learning courses to working professionals through today’s leading schools, associations and corporations. 360Training’s high quality e – learning courses assist thousands of working professionals each month in a wide range of disciplines to succeed in today’s marketplace, renew licenses, acquire certification or prepare for a new profession.

Support

If you have any requests for technical support please contact the 360Training Support Department located in the HELP section of your account profile. Technical support inquiries are handled immediately.

State Requirements

Our real estate CE courses meet the requirements of the Michigan State Board of Real Estate Brokers & Salespersons.

PRICE:

$19.95

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