2,056,290
I use addition.
1 buyer + 1 seller = a bunch o' happy people.
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Sheri Sperry - MCNE®
Sedona, AZ
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Ryan Huggins - Thousan...
Thousand Oaks, CA
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Michael Jacobs
Pasadena, CA
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Nina Hollander, Broker
Charlotte, NC
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Tony and Suzanne Marri...
Scottsdale, AZ
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Debe Maxwell, CRS
Charlotte, NC
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Susan Emo
Kingston, ON
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Lynnea Miller
Bend, OR
1,450,719
Basic grade school arithmetic unless you're in Commercial Real Estate. Mortgages etc are to be handled by the lender not the Realtor. Don't tread where you're not to be.
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Michael Jacobs
Pasadena, CA
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Nina Hollander, Broker
Charlotte, NC
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Jerry Newman
San Antonio, TX
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Susan Emo
Kingston, ON
679,104
I use multiplication the most ... getting percentages!
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Michael Jacobs
Pasadena, CA
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Nina Hollander, Broker
Charlotte, NC
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Jerry Newman
San Antonio, TX
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Frank Rubi
Metairie, LA
710,515
I use multiplication a lot to determine splits. Then subtraction and addition - in checking my work.
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Michael Jacobs
Pasadena, CA
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Nina Hollander, Broker
Charlotte, NC
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Jerry Newman
San Antonio, TX
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Frank Rubi
Metairie, LA
1,090,037
Mostly basic math and that can be done with a calculator.
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Michael Jacobs
Pasadena, CA
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Will Hamm
Aurora, CO
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Nina Hollander, Broker
Charlotte, NC
3,986,252
I like, house sold X house price= commsission.
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Michael Jacobs
Pasadena, CA
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Lyn Sims
Schaumburg, IL
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Nina Hollander, Broker
Charlotte, NC
5,102,824
real estate math is mostly 4th grade math... addition, subtraction, multiplication, and division.
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Fred Griffin Florida R...
Tallahassee, FL
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Michael Jacobs
Pasadena, CA
4,272,536
Very simple arithmetic ..
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Michael Jacobs
Pasadena, CA
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Nina Hollander, Broker
Charlotte, NC
3,383,184
Percentages is the top thing, followed by basic addition and subtraction. You should be able to whip up a seller net sheet with ease....but still using a calculator of course.
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Michael Jacobs
Pasadena, CA
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Nina Hollander, Broker
Charlotte, NC
151,633
Mostly multiplication on my smartphone to calculate percentages.
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Michael Jacobs
Pasadena, CA
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Nina Hollander, Broker
Charlotte, NC
3,852,661
I use the calculator on my iPhone for figuring commission, closing costs , and proceeds.
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Michael Jacobs
Pasadena, CA
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Nina Hollander, Broker
Charlotte, NC
1,446,751
For residential real estate, the basic math that we all learned in grade school should suffice.
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Michael Jacobs
Pasadena, CA
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Nina Hollander, Broker
Charlotte, NC
1,157,785
It requires very little.
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Michael Jacobs
Pasadena, CA
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Nina Hollander, Broker
Charlotte, NC
1,525,616
I mostly use math when doing a CMA and then I use a calculator. However, a CMA is usually involves a lot more than math.
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Michael Jacobs
Pasadena, CA
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Nina Hollander, Broker
Charlotte, NC
4,800,082
I don't use very much math at all in this business.
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Michael Jacobs
Pasadena, CA
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Nina Hollander, Broker
Charlotte, NC
5,224,095
Addition, subtraction, multiplication and division - basic math that my phone calculater is a master at processing!
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Michael Jacobs
Pasadena, CA
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Jerry Newman
San Antonio, TX
5,044,728
The math on net proceeds sheets for sellers, and estimated costs for buyers. Percentages too - list price/sale price ratio, and $/SF
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Michael Jacobs
Pasadena, CA
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Nina Hollander, Broker
Charlotte, NC
5,772,470
Jamie,
You have great answers. A
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Michael Jacobs
Pasadena, CA
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Nina Hollander, Broker
Charlotte, NC
1,239,320
1 ac=43560 sf
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Michael Jacobs
Pasadena, CA
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Nina Hollander, Broker
Charlotte, NC
3,988,007
Figuring square feet when I measure a property is a frequent use. I also figure net to seller which includes calculating commissions and other expenses.
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Michael Jacobs
Pasadena, CA
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Nina Hollander, Broker
Charlotte, NC
4,319,419
Obviously that 3% math.
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Michael Jacobs
Pasadena, CA
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Nina Hollander, Broker
Charlotte, NC
1,050,315
It will immediately and easily calculate monthly payments and other equations.
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Michael Jacobs
Pasadena, CA
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Debe Maxwell, CRS
Charlotte, NC
2,176,071
Honestly, the most math you will probably use is calculating your commision and... trust me... you'll learn how to do that! Otherwise, maybe knowing the square footage of an acre, for calculating lot size. Other math, not that much unless you work commercial and investment property.
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Michael Jacobs
Pasadena, CA
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Nina Hollander, Broker
Charlotte, NC
97,816
The others will give you detailed specifics, but I have a general suggestion because you don't love math. I'm not sure if it's useful, but it might be.
Once you have figured out the kinds of math you will need to do a lot, you might make up a chart for yourself, in which you calculate 6 or 10 things out. During your work day, if you don't know whether something is a good idea or not, and people are waiting on your answer, you can look up your little chart for a ball-park answer just to get an idea, and then work out specifics later.
Example: let's say you wondered what would be your commission if the house is listing at $975,000. In your chart, you can make a column that has $200 (in thousands) $500, $750, $1M, $1.2M and beside them show your commission, calculated at whatever your rate is at your brokerage. The $975 is close to $1M, so you look up $1M on the chart and know it's less. If you are getting 5% commission (for example), that's $1250 per $25,000. If you have that written on your little chart, it won't be long before you have a pretty good idea how your commission will work in lots of situations. You can do a chart for tax calculations and any other kinds of things you may need to treat separately just for ball-park treatment. Back at the office, get them calculated properly.
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Michael Jacobs
Pasadena, CA
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Jamie Garner
Saint George, UT
969,548
Multiplication and percent computations
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Michael Jacobs
Pasadena, CA
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Nina Hollander, Broker
Charlotte, NC
4,566,354
Most of the math you will need in this business can be found in a copy of Jethro Bodine's "Fourth Grade Book of Ciphering". I'm sure you'll be fine. Good luck.
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Debe Maxwell, CRS
Charlotte, NC
4,924,976
Basic math, let the lenders and title company do the other things.
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Michael Jacobs
Pasadena, CA
4,434,127
5,583,278
sale price x commission = the check I'm delivering to my bank account....
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Michael Jacobs
Pasadena, CA
2,779,653
43,560 which is how many feet in an acre comes up frequently
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Michael Jacobs
Pasadena, CA
1,617,916
5,205,857
Even those who are math challenged find a way to calculate the commission in their head. Imagine that!
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Michael Jacobs
Pasadena, CA
988,852
921,504
Graphing tangents and arcs are most common....
....in intergalactic real estate.
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Michael Jacobs
Pasadena, CA
1,842,961
Calculate my commission when I process earnest money.
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Michael Jacobs
Pasadena, CA
3,416,011
Converting square footage on tax card to acres for BPO's. (10,000/43560)
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Michael Jacobs
Pasadena, CA
3,071,489
6,380,446
Geometry/trig for boundaries
Statistics for volume/value sampling.
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Michael Jacobs
Pasadena, CA
150,416
I am not good at math either, so I use technology to do it for me. However I always triple check, just to make sure there are no errors.
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Michael Jacobs
Pasadena, CA
7,822,424
1,724,986
Closing cost estimates with the proper prorations.
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Michael Jacobs
Pasadena, CA
1,466,207
Jamie Garner Commercial real estate requires knowledge of math. You should also have a good financial calculator like an HP12c.
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Michael Jacobs
Pasadena, CA
1,712,676
5,862,877
1,955,112
Basic math - if you don't understand it ask a question. There is always someone willing to help you.
4,872,859
A lot of linear algebra and differential equations. Just kidding seldom do any math.
2,682,719
Basic arithmetic,
If I have to get into complex math with an investor, or a commercial client (which I rarely deal with), I will bring in a CPA to advise on 39-year depreciation, ROI, future value, etc.
I can do the complex math (thanks to HP-12C), but I don't want the liability - I am a real estate broker, not a financial counselor.
3,343,466
Basic math skills. You won't be dealing with anything you don't already know. And if you do, it is easy to learn. Basic calculator and you are good to go.
3,727,873
1,501,618
Mine neither. Once I get past counting on my fingers and toes I'm out of luck! LOL.
Seriously though, the most math I do is:
1) Purchase price - down payment - deposit = loan amount (and the computer does that for us)
2) Agreed upon purchase price * commission
899,018
There is not much to it; you can use as little or as much as you choose.