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

Seminars are broadcast via live stream and offered through physical live classroom instruction unless noted otherwise. Once enrolled, the student can select the date and delivery method preferred.

Location: Las Vegas location

2020 Dates:

  • Sep 13, 2020
  • Oct 11, 2020
  • Nov 15, 2020
  • Dec 6, 2020

2021 Dates:

  • Jan 17, 2021
  • Feb 14, 2021
  • Mar 14, 2021
  • Apr 11, 2021
  • May 9, 2021
  • Jun 20, 2021
  • Jul 11, 2021
  • Aug 8, 2021
  • Sep 12, 2021
  • Oct 10, 2021
  • Nov 7, 2021
  • Dec 19, 2021

Please contact the school to register for the Math test prep as there are several membership options for this seminar: 800 472 3893 

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