© 2013 All rights reserved. Chapter 8 Real Estate Mathematics 1 New York Real Estate for Salespersons, 5th e By Marcia Darvin Spada Cengage Learning.

Slides:

Advertisements

Similar presentations

Business Math, Eighth Edition Cleaves/Hobbs © 2009 Pearson Education, Inc. Upper Saddle River, NJ All Rights Reserved 15.1 Mortgage Payments Find.

Advertisements

Wage Calculations.

SECTION 12-3 Stocks.

All Numbers in this presentation are in United States Dollars.

Practice Questions & Answers. For the following questions, the answer will always be on the next slide. Try to do the question first without looking at.

Real Estate Principles and Practices Chapter 21 Real Estate Math © 2014 OnCourse Learning.

Chapter 7 Liens, Foreclosures, Redemptions, and Easements New Jersey Real Estate for Salespersons and Brokers By Marcia Darvin Spada Thomson/South-Western,

Florida Real Estate Principles, Practices & Law 38th Edition Linda L. Crawford Copyright © 2015 Kaplan, Inc. All rights reserved.

© 2013 All rights reserved. Chapter 16 Condos and Coops1 New York Real Estate for Salespersons, 5 th e By Marcia Darvin Spada Cengage Learning.

Buying your first home is exciting, especially when you find a good deal on it, but a lot of people don’t realize that by the time they pay it off, they’ve.

© 2013 All rights reserved. 1 Chapter 7.2 Title Closing New York Real Estate for Brokers, 5th e By Marcia Darvin Spada Cengage Learning.

Real Estate Principles Tenth Edition Real Estate: An Introduction to the Profession Tenth Edition.

© 2008 by South-Western, Cengage Learning Chapter 15 Charles J. Jacobus Thomas E. Gillett.

7e Contemporary Mathematics FOR BUSINESS AND CONSUMERS Brechner PowerPoint Presentation by Domenic Tavella, MBA Mortgages ©2014 Cengage Learning. All Rights.

SELLING STOCKS Investments Vocabulary Profit – The amount of money you make over and above the initial money invested. Loss – The is the opposite.

© 2013 All rights reserved. Chapter 4 Real Estate Investments1 New York Real Estate for Brokers 5 th e By Marcia Darvin Spada Cengage Learning.

Chapter 2 Part II Independent Contractor1 New York Real Estate for Salespersons, 5th e By Marcia Darvin Spada Cengage Learning © 2013 All rights reserved.

Calculate the affordability of a monthly rent. Determine the relationship between square footage and monthly rent. Determine lease signing costs. Calculate.

© 2013 All rights reserved. Chapter 3 Real Estate Finance II1 New York Real Estate for Brokers, 5th e By Marcia Darvin Spada Cengage Learning.

©2011 Cengage Learning.

Why Businesses Use Markup?

VALUATION BY INCOME CAPITALIZATION LEARNING OBJECTIVES Explain the difference between appraisal and investment analysis. Estimate the NOI in a reconstructed.

Part 7: Chapter 47 An introduction to the analysis and interpretation of accounting statement By: Nenae 11gs.

Housing Costs. Mortgage Loans Mortgage Loan Amount= Selling Price – Down Payment Example House is 140,000 and they ask for a 15% down payment $140,000.

© 2013 All rights reserved. Chapter 17 Commercial and Investment Real Estate1 New York Real Estate for Salespersons, 5 th e By Marcia Darvin Spada Cengage.

Chapter 17 Real Estate Investments1 New Jersey Real Estate for Salespersons and Brokers By Marcia Darvin Spada Thomson/South-Western Copyright, 2006.

© 2013 All rights reserved. Chapter 9 Taxes and Assessments1 New York Real Estate for Brokers, 5 th e By Marcia Darvin Spada Cengage Learning.

Shafiqah Shariff 10C. 1. Your wage is $70,000 per annum from which you pay tax; calculate the tax to the nearest dollar... Tax Subdivision% Tax Payable.

Real Estate Investment Chapter 7 Special Income Tax Rules Applicable to Real Estate © 2011 Cengage Learning.

# x 100 = 5,000 square feet 2. 43,560 ÷ 5,000 = 8+ lots Answer: D.

Sales Tax, Discounts, and Commissions Section 6.7.

Chapter 10 Test Formula Review.  Find the circumference of a circle with a diameter of 10. Identify the formula needed for the following questions.

Seven Steps to Solving Math

Real Estate Investment Chapter 14 Computer-Aided Analysis © 2011 Cengage Learning.

Math 1050 Mortgage project Maddie Gale p.2.

1030 S Ithan Street Philadelphia, PA. All Numbers In This Presentation Are In United States Dollars.

© 2010 by Cengage Learning Chapter 27/ Chapter 25 ________________ Investing in Real Estate.

Real Estate Investment Chapter 13 Discount Analysis © 2011 Cengage Learning.

©2011 Cengage Learning. Chapter 16 ©2011 Cengage Learning SUMMARY OF REAL ESTATE INVESTMENT PRINCIPLES.

©2011 Cengage Learning. Chapter 17 ©2011 Cengage Learning INCOME TAX ASPECTS OF INVESTMENT REAL ESTATE.

Real Estate Principles and Practices Chapter 21 Real Estate Math © 2009 by South-Western, Cengage Learning.

Why Businesses Use Markup? Why the markup? ◦ Cover businesses operating expenses ◦ Cover Business Taxes ◦ Make a profit.

Chapter 21 Income Tax Considerations1 New Jersey Real Estate for Salespersons and Brokers By Marcia Darvin Spada Thomson/South-Western Copyright, 2006.

© 2010 by Cengage Learning Taxes and Assessments Chapter 15 ________________ Taxes and Assessments.

© 2010 by Cengage Learning Chapter 20 ________________ The Principal- Broker Relationship: Employment.

Financial Terms Important Terms for Life and for Spreadsheets.

Real Estate Principles and Practices Chapter 16 Investment and Tax Aspects of Ownership © 2010 by South-Western, Cengage Learning.

Chapter 9 Advanced Financing Techniques1 New Jersey Real Estate for Salespersons and Brokers By Marcia Darvin Spada Thomson/South-Western Copyright, 2006.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 14-2 Budgeted Income Statement.

 Wage is classified at level 3 ($35,001-$80,000)  70, ,001 = $34,999  34,999 x 0.30 (30c for each dollar over $35,001) = $10,  10,499.7.

© 2013 All rights reserved. Chapter 12 Valuation Process and Pricing Properties1 New York Real Estate for Salespersons, 5th e By Marcia Darvin Spada Cengage.

© 2010 Rockwell Publishing Lesson 17: Real Estate Math Principles of California Real Estate.

New Jersey Real Estate for Salespersons and Brokers

HOME BUYING. How Much Can You Afford? Monthly payments – 28% of Gross Income Price of Home – 2-3 X Gross Income Gross Income – total income before taxes.

June 16 Simplification of Real Estate Mathmatics 1.

In cell E3 enter a formula to display the viewing cost if a local taxi is used. If the distance to the property is: less than 5 kilometres, the cost will.

September 16 Chapter 12 Felde Principles - Robert Rooks 1.

MATH. Mean, Median & Mode MEAN: Is the average MEDIAN: Is the centre point. You must list numbers from lowest to highest and select the value that is.

Florida Real Estate Principles, Practices & Law 39th Edition

CHAPTER 16 Mortgages.

6 Chapter Chapter 2 Percent.

Cell phone use is prohibited.

1. ) Triangle ABC is similar to triangle XYZ. The length AB is 10

Real Estate Appraisal _______________________________________.

Percent and Problem Solving: Sales Tax, Commission, and Discount

© 2015 Cengage Learning. All Rights Reserved.

Frequently Used Terms in the Commercial Real Estate

Important Terms for Life and for Spreadsheets

Presentation transcript:

© 2013 All rights reserved. Chapter 8 Real Estate Mathematics 1 New York Real Estate for Salespersons, 5th e By Marcia Darvin Spada Cengage Learning

© 2013 All rights reserved. Chapter 8 Real Estate Mathematics 2 Chapter 8 Real Estate Mathematics

© 2013 All rights reserved. Chapter 8 Real Estate Mathematics 3 Chapter 8 Key Terms  Acre  Commission  Front foot  Gross income  Interest  Net operating income  Point  Principal  Property tax rate

© 2013 All rights reserved. Chapter 8 Real Estate Mathematics 4 Commission Problems Sales price x Percentage of commission = Commission  If a salesperson lists and sells a property for $200,000 and receives 60% of the 7% commission paid to the employing broker, how much does the salesperson receive? $200,000 x 0.07 = $14, x $14,000 = $8,400

© 2013 All rights reserved. Chapter 8 Real Estate Mathematics 5 Principal and Interest Problems Loan balance x rate of interest = annual interest  A mortgage balance is currently $43, and the amount of interest applied to the loan this month is $309. What is the annual interest rate? $309 x 12 mos = $3,708 annual interest 3,708 ÷ $43, = = 8.5% rounded

© 2013 All rights reserved. Chapter 8 Real Estate Mathematics 6 Calculating Area and Length Rectangle area= length x width Square area = side x side Triangle area = (.05 x base) x height Acre = 43,560 sq ft  A rectangular acre of land has a width of 165 feet. What is the depth of the property? 43,560 ÷ 165 = 264 feet

© 2013 All rights reserved. Chapter 8 Real Estate Mathematics 7 Property Tax Rate Assessed value x tax rate =annual taxes  If the assessed value of a property is $136,000 and the annual tax paid is $1,700, what is the tax rate per $100 of assessed value? $1,700 ÷ $136,000 = = $1.25

© 2013 All rights reserved. Profit/Loss on Sale of Real Estate Investment x percent of profit = dollars in profit Investment x percent of loss =dollars lost  Jaycee purchases land in 2001 for $35,000. She plants trees in 2004 costing $15,500. In 2006, she sells the land for $46,000. What is her percentage of loss? $50,500 - $46,000 = $4,500 $4,500 ÷ $50,500 = 8.91%, 9% rounded Chapter 8 Real Estate Mathematics8