Measurement Math: Area: Width x Depth On each floor, 30% of the square footage must be set aside for hallways, elevators, stairs, and other common areas. Solution 1. Click on the button below to "Start" your practice exam now. Measurement Problems Prorating Problems Mill Rate Problems Introduction For some people, when they hear the word math, there is a feeling of anxiety. Most real estate math problems will ask you to find the missing number. Leaving the page and or closing the browser now or at any moment during the exam will reset your answers. Real Estate Math Prep #1. ©2019 ABA Enterprises, LLC | Real Estate Math Formulas Cheat Sheet 1 . What is the monthly mortgage payment (PI) for a $250,000, 30-year loan at 8.5%? Real Estate Math Prep. Start studying Real Estate Math Problems. Real Estate Math Practice Problem: Estimating Mortgage Payments Using Amortization Factors. What is annual rate of appreciation that may be used as a time adjustment? Learn vocabulary, terms, and more with flashcards, games, and other study tools. Square Footage / Office Building Example: Donald wants to rent out 3 floors of a bank building that measure 55,000 square feet each. 8.An appraiser has been asked to appraise a house containing 1,850 sq. Math Real Property Appraisals Mingle School of Real Estate – 2016 3 3. One comparable sold last week for $81,000. Using a Calculator A key value that is calculated during the process of the sale of a home is the loan-to-value (LTV) ratio. A similar property sold 6 months ago for $78,500. This section introduces the math skills needed to be successful in real estate and removes that anxious feeling for those who have it. Practice Problems A. You can always go back and retake any practice test. About This Quiz & Worksheet. Comparable #1 has 1,775 sq. How many math questions are on the real estate exam? Real Estate Math Formulas Cheat Sheet . Practice Problems A. Sam bought a parcel of land containing 55 acres and 1,200 feet of road frontage. The real estate math licensing exam may have the following problems: Example 1. ft, 2 baths, a deck and sold 2 months ago for $175,000. After helping 100s of student’s pass the math portion of the real estate exam, we have pretty accurate data to support between 15 and 30 questions on your exam with be math realated. ft., 1.5 baths and a deck. Real Estate Math Conversions To convert a fraction into a decimal number, divide the top number by the bottom number.