Real Estate Math Exam Prep

Real Estate Math Exam Prep

The National portion of the Nevada licensing exam consists of approximately 8 to 10 questions directly related to real estate mathematics. Key Realty School offers a three hour live test prep specially designed to review the categories for which these math questions are formulated from. The math exam prep seminar is offered once a month. The tuition for the seminar is $50. NOTE: This math seminar is not included in any course package tuition. Once the tuition is paid, the student may attend any seminar from the dates listed below.

Time: 9AM to 12PM

Location: 3650 East Flamingo LV NV 89121

2017 Dates:

◦June 18, 2017

◦July 16, 2017

◦Aug 13, 2017

◦Sept 24, 2017

◦Oct 22, 2017

◦Nov 19, 2017

◦Dec 17, 2017

2018 Dates:

  • Jan 21, 2018
  • Feb 25, 2018
  • Mar 25, 2018
  • Apr 15, 2018
  • May 20, 2018
  • Jun 17, 2018
  • Jul 15, 2018
  • Aug 12, 2018
  • Sep 9, 2018
  • Oct 14, 2018
  • Nov 11, 2018
  • Dec 9, 2018

 

Click here to enroll in the 3 hour seminar

 

Topics presented within the 3 hours (Note: The topics deemed most relative to current reported exam files will be discussed wherein not all topics listed will be discussed)

 

  1. Property area calculations
  2. Square footage
  3. Acreage total

 

  1. Property valuation
  2. Comparative Market Analysis (CMA)
  3. Net Operating Income (NOI)
  4. Capitalization rate
  5. Gross rent multiplier – Broker Only
  6. Gross income multiplier – Broker Only
  7. Equity in property
  8. Establishing a listing price
  9. Assessed value and property taxes

 

  1. Division/compensation

 

  1. Loan financing costs
  2. Interest
  3. Loan to Value (LTV)
  4. Amortization
  5. Discount Points
  6. Prepayment penalties
  7. Fees

 

  1. Settlement and closing costs
  2. Purchase price and down payment
  3. Monthly mortgage calculations – principal, interest, taxes, and insurance (PITI)
  4. Net to the seller
  5. Cost to the buyer
  6. Prorated items
  7. Debits and credits
  8. Transfer tax and recording fee

 

  1. Investment
  2. Return on investment
  3. Appreciation
  4. Depreciation
  5. Tax implications on investment

 

  1. Property management calculations
  2. Property management and budget calculations
  3. Tenancy and rental calculations