Real Estate Math : What You Need to Know

by George Gaines; David Coleman; Linda Crawford

• ISBN13: 9780793168262
• ISBN10: 0793168260
• Edition: 6th
• Format: Paperback
• Copyright: 2005-04-19
• Publisher: Kaplan Publishing

Table of Contents

You and This Book	vii
Pretest	xi
Review of Basics	1	(8)
Key Terms	1	(1)
Chapter Overview	2	(1)
Numbers and Digits	2	(1)
Place Value	2	(2)
Rounding Numbers	4	(3)
Chapter 1 Answer Key	7	(2)
Fractions, Decimals, and Percents	9	(20)
Key Terms	9	(1)
Chapter Overview	10	(1)
Key Symbols	10	(1)
Arithmetic Operations	10	(1)
Fractions	11	(6)
Decimals	17	(4)
Percent	21	(3)
Percent in Word Problems	24	(2)
Percent in Multistep Word Problems	26	(2)
Chapter 2 Answer Key	28	(1)
Using Percent in Real Estate	29	(14)
Key Terms	29	(1)
Chapter Overview	30	(1)
Calculating Basic Percent Problems	30	(7)
Multistep Percent Calculations	37	(1)
Calculating Graduated Commissions	38	(2)
Calculating Net Commission	40	(2)
Chapter 3 Answer Key	42	(1)
Legal Descriptions and Area Problems	43	(20)
Key Terms	43	(1)
Chapter Overview	44	(1)
Descriptions of Real Estate	44	(5)
Calculating Number of Acres	49	(3)
Solving Multistep Square Footage Problems	52	(1)
Solving Area and Volume Problems	53	(1)
Area Problems Involving Triangles	54	(3)
Formulas to Use in Cubic Measure (Volume) Problems	57	(1)
Cost Per Unit	57	(1)
Multistep Area Problems	58	(2)
Chapter 4 Answer Key	60	(3)
Mortgage Math	63	(24)
Key Terms	63	(1)
Chapter Overview	64	(1)
Calculating Interest	64	(1)
Using Time in the T-Device	65	(2)
Mortgage Financial Packages	67	(4)
Mortgage Discount Points	71	(3)
Debt Ratios	74	(1)
Computing Transfer Taxes on Mortgages	75	(2)
Computing Monthly Payments	77	(1)
Loan-to-Value Ratio	78	(1)
Advanced Mortgage Problems	79	(1)
Mortgage Amortization	79	(5)
Chapter 5 Answer Key	84	(3)
Real Estate Taxes	87	(12)
Key Terms	87	(1)
Chapter Overview	88	(1)
Taxable Value	88	(1)
City and County Property Taxes	89	(1)
Additional Exemptions from Property Taxes	90	(1)
Using the T-Device in Property Tax Problems	91	(1)
Calculating the Millage Rate for a Community	92	(2)
Special Assessments	94	(1)
Real Property Transfer Taxes	94	(4)
Chapter 6 Answer Key	98	(1)
Appraising and Investing Calculations	99	(30)
Key Terms	99	(1)
Chapter Overview	100	(1)
Cost Approach	100	(8)
Sales Comparison Approach	108	(3)
Income Capitalization Approach	111	(4)
Gross Rent Multiplier (GRM) and Gross Income Multiplier (GIM)	115	(2)
Financial and Investment Analysis	117	(1)
Multistep Income Tax Problems	118	(1)
Percentage Leases and Indexes	119	(2)
Types of Income Used in Investment Analysis	121	(1)
Investment Analysis for Broker Candidates	122	(1)
Predicting Future Return Rates and Economic Ratios	123	(3)
Answer Key	126	(3)
Computations and Closing Statements	129	(32)
Key Terms	129	(1)
Chapter Overview	130	(1)
Prorating	130	(5)
Prorating Property Taxes	135	(2)
Prorating Rent	137	(2)
Prorating Mortgage Interest	139	(2)
Preparing the Composite Closing Statement	141	(2)
Five Parts to the Composite Closing Statement	143	(3)
Answer Key	146	(3)
POSTTESTS
Posttest One	149	(2)
Posttest One Answer Key	151	(2)
Posttest Two	153	(2)
Posttest Two Answer Key	155	(2)
Posttest Three (Broker Candidates)	157	(2)
Posttest Three Answer Key	159	(2)
Index	161