Check out our new Real Estate Practice Exams & Vocabulary Review on for 400 practice questions and over 300 vocab terms to help you ACE the exam: a.co/d/j7OZX4N
I been watching you for like two weeks. Just passed my test. You were my source for MA and gately academy. Both of you guys made it so digestible and I killed that test. Thank you !!!!
Ugh. I wish I watched this before the exam. I skipped ALL math questions on FL. exam and I was literally off by 9 points!😆This makes the math less intimidating so I could've tried. Hopefully, this will help make up the difference 2nd time around.
You’ve got this! Check out my real estate math review book on Amazon if you need extra help- it has QR codes that link to even more explainer videos. Good luck! amzn.to/4ivorC1
Thanks for reaching out @destinationyouwithmelissah8278! This is a sample from our Rock Star Real Estate Math program so the amortization chart is in the video explanation/answer following the question instead of as an attachment with the question itself- sorry for the confusion! I’m glad you’re enjoying the content!
Generally speaking yes! Real estate is real estate everywhere. I would double check the laws of each province as they sometimes might be slightly different than the US. However everything here should still be helpful :)
on question 4, the question is asked as if the amortization chart will be supplied. it was not shown until your explanation if not, how did you come up with the 5.75656?
It depends on the state and testing provider. Most will provide an amortization chart if it is needed, but I can’t speak for all of them so you’ll want to contact your state’s department of real estate or the testing provider for a definitive answer.
Great content! but my only problem with question #5 is, it’s not clear on who gets 70% and who gets 30% I chose A for my answer because I assumed that the broker received 30% and 70% to the brokerage. But I did understand the math concept. Thank you
Great question! That is how you will see commission splits with brokers stated: the first number is the agent’s split, the second number goes to the broker. So 70/30 means the agent keeps 70%, 60/40 means the agent gets 60% etc. Awesome question because this isn’t necessarily something that is expressly stated in real estate classes, but it is common practice in day to day activities. If no split is stated and you read BROKER instead of salesperson or agent, you should assume it is a broker-owner who gets 100%.
Great question! The buyer’s agent is often referred to as the “selling agent” (different than SELLER’s agent) once there is a contract in place. It’s a confusing concept so I’m glad you asked 🙂
Check out our new Real Estate Practice Exams & Vocabulary Review on for 400 practice questions and over 300 vocab terms to help you ACE the exam: a.co/d/j7OZX4N
I been watching you for like two weeks. Just passed my test. You were my source for MA and gately academy. Both of you guys made it so digestible and I killed that test. Thank you !!!!
Congratulations, that’s amazing and I’m so happy I could help! Jack is the man 😎👍
You make the math look easy, but well explained without all the garbage.
Just take it one step at a time!
Taking my test soon, really do appreciate the videos you make. They are very helpful
You’re welcome! And good luck! 🍀
Ugh. I wish I watched this before the exam. I skipped ALL math questions on FL. exam and I was literally off by 9 points!😆This makes the math less intimidating so I could've tried. Hopefully, this will help make up the difference 2nd time around.
You’ve got this! Check out my real estate math review book on Amazon if you need extra help- it has QR codes that link to even more explainer videos. Good luck! amzn.to/4ivorC1
@DeeKumarOnline amzn.to/4ivorC1
I didn't see the amortization chart in the description for number 4. Thank you for the content!
Thanks for reaching out @destinationyouwithmelissah8278! This is a sample from our Rock Star Real Estate Math program so the amortization chart is in the video explanation/answer following the question instead of as an attachment with the question itself- sorry for the confusion! I’m glad you’re enjoying the content!
@@DeeKumarOnline how do I get to that number if in the exam we won't have the amortization chart? your videos are awesome!
🤓 Are you looking for MORE real estate math review?? Be sure to visit us at: relicensepro.com/rockstar-math-psi-exam-prep
Hello Dee, do these questions cover those in winnipeg monitoba, Canada? I will be expecting your reply. Thanks
Generally speaking yes! Real estate is real estate everywhere. I would double check the laws of each province as they sometimes might be slightly different than the US. However everything here should still be helpful :)
on question 4, the question is asked as if the amortization chart will be supplied. it was not shown until your explanation if not, how did you come up with the 5.75656?
If you need an amortization chart, the testing center usually provides it.
love it, thank you!
You’re so welcome! Glad you’re enjoying the content as much as I like making it 🤓
do the DRE provide the Amortization rate?
It depends on the state and testing provider. Most will provide an amortization chart if it is needed, but I can’t speak for all of them so you’ll want to contact your state’s department of real estate or the testing provider for a definitive answer.
Great content! but my only problem with question #5 is, it’s not clear on who gets 70% and who gets 30% I chose A for my answer because I assumed that the broker received 30% and 70% to the brokerage. But I did understand the math concept. Thank you
Great question! That is how you will see commission splits with brokers stated: the first number is the agent’s split, the second number goes to the broker. So 70/30 means the agent keeps 70%, 60/40 means the agent gets 60% etc. Awesome question because this isn’t necessarily something that is expressly stated in real estate classes, but it is common practice in day to day activities.
If no split is stated and you read BROKER instead of salesperson or agent, you should assume it is a broker-owner who gets 100%.
Thanks 🙏
You’re very welcome! Stay tuned for more, coming soon 😉
I’m confused with question 5, isn’t listing agent and selling agent the same thing? If they say split with buyer’s brokage I can understand
Great question! The buyer’s agent is often referred to as the “selling agent” (different than SELLER’s agent) once there is a contract in place. It’s a confusing concept so I’m glad you asked 🙂
I was confused too but I got it now
Awesome!
Math Questions for the Real Estate Exam