# Mastering Real Estate Mathematics

• ISBN13:

• ISBN10:

## 0793135230

• Edition: 7th
• Format: Paperback
• Publisher: Kaplan Publishing
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### Summary

Help your students overcome math anxiety with this comprehensive workbook that improves math skill and prepares students for actual real estate practice. This must have text features step by step instructions for the mathmematical calculations required of real estate professionals. Highlights are:* Over 60 problems give students plenty of practice in each area.* Step by step instructions simplify even the most complex calculations.* Workbook format is ideal for both classroom and home study.* Free Instructor Resource Guide includes learning objectives, instructional strategies, exam book, answer keys, and a PowerPoint presentation.

Preface vi
Introduction: How To Use This Book 1(1)
1(1)
 Neatness Counts
2(1)
 Order of Operations
2(1)
 Using Units of Measurement
3(1)
 Balancing Equations
4(4)
 Math Skills Assessment
8(1)
 Solutions: Math Skills Assessment
9(1)
 Study Strategies
9(2)
 Calculators
11(6)
PART ONE Parts and Pieces of the Total 17(90)
 Fractions, Decimals, and Percentages
19(20)
 Uniform Approach
19(1)
 Converting Fractions to Decimals
20(2)
 Percentages
22(1)
 Converting Decimals to Percentages
22(1)
 Converting Percentages to Decimals
23(1)
24(1)
 Subtracting Decimals
24(1)
 Multiplying Decimals
25(1)
 Dividing Decimals
25(1)
 Percentage Problems
25(1)
 Formulas
26(6)
 Percentage of Change
32(7)
35(2)
 Solutions: Problems in Chapter 1
37(1)
38(1)
 List Price, Sales Price, and Net Price
39(13)
 Problem-Solving Strategy
40(3)
 Net Price
43(2)
 Rate (Percentage) of Profit
45(2)
 Rate (Percentage) of Loss
47(5)
47(3)
 Solutions: Problems in Chapter 2
50(1)
50(2)
 Appreciation and Depreciation
52(11)
 Appreciation versus Depreciation
52(2)
 Uses of Depreciation
54(1)
 Straight-Line Method
55(8)
58(3)
 Solutions: Problems in Chapter 3
61(1)
61(2)
 Compensation
63(15)
 Methods of Compensation
63(1)
 Problem-Solving Strategy
64(4)
 Splitting Commissions
68(10)
72(3)
 Solutions: Problems in Chapter 4
75(1)
76(2)
78(10)
 Taxes Based on Assessed Value
78(3)
 Taxes Given in Mills
81(1)
 Taxes Using an Equalization Factor
82(1)
 Penalties for Delinquent Taxes
82(1)
 Exemptions
83(5)
84(2)
 Solutions: Problems in Chapter 5
86(1)
87(1)
 Property Transfer Taxes
88(6)
 Transfer Tax Rates
88(6)
91(2)
 Solutions: Problems in Chapter 6
93(1)
93(1)
 Legal Descriptions
94(13)
 Rectangular Survey System
94(4)
 Metes-and-Bounds Descriptions
98(9)
102(2)
 Solutions: Problems Chapters 7
104(1)
105(2)
PART TWO Surface and Space 107(28)
 Area and Volume
109(26)
 Linear
109(3)
 Area
112(12)
 Volume
124(11)
128(3)
 Solutions: Problems in Chapter 8
131(2)
133(2)
PART THREE Economics of Real Estate 135(66)
 Interest
137(11)
 Simple Interest
138(4)
 Compound Interest
142(6)
144(2)
 Solutions: Problems in Chapter 9
146(1)
147(1)
 The Mathematics of Real Estate Finance
148(19)
 Loan-to-Value Ratio
148(1)
 Amortized Loans
149(1)
 Loan Payment Factors
150(2)
152(1)
152(1)
 VA Funding Fees
152(1)
153(1)
 Loan Commitment Fees
154(1)
 Loan Origination Fees
154(1)
 Loan Discount Points
155(1)
155(2)
 Calculation of Loan Amounts and Down Payments
157(1)
 Mortgage Loans-Overview
158(1)
 Amortization Calculations
159(8)
162(3)
 Solutions: Problems in Chapter 10
165(1)
165(2)
 Appraisal Methods
167(24)
 Value
167(2)
 Sales Comparison Approach
169(6)
 Cost Approach
175(5)
 Income Capitalization Approach
180(4)
 Summary
184(7)
185(3)
 Solutions: Problems in Chapter 11
188(2)
190(1)
 Tools of Investment Analysis
191(10)
 Real Estate as an Investment
191(1)
 Capitalization Rates
192(1)
 Market Extraction
192(2)
 Cash-on-Cash Return
194(1)
 Discounted Cash Flows
195(6)
198(1)
 Solutions: Problems in Chapter 12
199(1)
199(2)
PART FOUR Doing the Business 201(48)
 Prorations
203(19)
 Prorating Taxes
204(5)
 Prorating Interest on Loans Being Assumed
209(2)
 Prorating Insurance
211(3)
 Prorating Rent
214(1)
 Prorating Maintenance Fees
215(1)
 Prorating Miscellaneous Items
216(6)
217(3)
 Solutions: Problems in Chapter 13
220(1)
220(2)
 Closing Statements
222(20)
 Closing Statement Forms
222(1)
 Credits
223(2)
 Entry of Figures
225(5)
 Reconciliation
230(12)
234(3)
 Solutions: Problems in Chapter 14
237(3)
240(2)
 Lease Calculations
242(7)
 Rent per Square Foot
242(1)
 Percentage Lease
243(2)
 Index Lease Calculations
245(4)
246(2)
 Solutions: Problems in Chapter 15
248(1)