Master Real Estate Math Calculations
Real estate math is a critical component of the real estate licensing exam. This specialized practice test focuses exclusively on the mathematical calculations you'll need to master to succeed on your exam and in your real estate career.
What This Math Practice Covers
๐ฐ Commission Calculations
Learn to calculate broker commissions, commission splits, and agent earnings from property sales.
๐ Property Valuation
Master square footage calculations and cost-per-square-foot valuations for accurate property assessment.
๐ Investment Analysis
Understand cap rates, NOI calculations, and how to determine maximum purchase prices for investments.
๐ฆ Mortgage Math
Calculate monthly interest payments, LTV ratios, and down payment requirements for financing scenarios.
๐๏ธ Property Tax
Work with mill rates and assessed values to determine annual property tax obligations.
๐ Proration
Calculate prorated credits and debits for closing scenarios, including insurance and taxes.
Why Math Skills Matter
Mathematical proficiency is essential for real estate professionals. Whether you're calculating commissions, determining property values, or analyzing investment opportunities, these skills will serve you throughout your career.
โจWhat This Practice Test Provides
๐ฏ Study Tips for Math Success
Memorize Key Formulas
Know your commission, cap rate, and LTV formulas cold.
Show Your Work
Write out each step to avoid simple calculation errors.
Bring a Calculator
Most exams allow calculatorsโknow how to use yours efficiently.
Check Units
Pay attention to annual vs. monthly, square feet vs. acres, etc.
Practice Regularly
Do a few problems daily to keep your skills sharp.
Understand the Logic
Don't just memorizeโunderstand why formulas work.
๐ Common Math Formulas
Pro Tip for Success
Don't just memorize formulasโunderstand the logic behind them. When you understand why a calculation works, you'll be able to adapt to any variation of the question on your exam.