Hi Morgan - What is 3% of X, but I've been doing it for so long, it's automatic (and I rarely do it bfore closing).

The only math I use is Selling Price x Commission Rate.

The cap rate is my bread and butter. Income properties that I help sell must have a minimum of a score of 6%.  You get the cap rate by dividing the net income by the cost of the property.  I also have an affordability calculator on my site, feel free to use it anytime http:/cahouses.net   If you want to get a rough estimate on how much your property is worth, you can go to http://southerncaliforniapropertyvalues.com

2+2=4. In other words keep it simple.

I use addition, subtraction, multiplication and division to figure net sheets for sellers.

amortization calculation.

I do it in my head, and net sheet within +/- 5%.

Most realtor can forget the top but never miss a penney on their commission.

The Jethro Bodine Fourth Grade Book of Cipherin'.   

  & Susan Emo said

Regardless of you math skills, most agents can calculate their commission!

Percentage - good luck with your new profession

Nothing the calculator on my iPhone can't handle.

add, subtract, multiply and divide.... basic 4th grade math.

You have to know how many feet are in an acre (43,560). You also should know what land goes for (county assessor) and the cost to build new (price per sq ft). Finally, to be able to know that 1/3 to 1/4 of income goes to rent and or mortgage payments and quickly qualify someone (rough) right there & then. An agent who wields this type of math is worthy of trust & wages too

Addition, subtraction, division - working on CMAs, tabulating Seller Net Sheets and checking Closing Disclosures.  Nothing complicated!  Good luck on your exam!

Good luck with your studies.

Net sheet spreadsheet for my sellers

Converting lot size into acreage... and calculating commission, of course.  

sale price times commission equals my income....

43560 of these make an ?

This one:

Actually, "a-b" or 3% of X

3,500 calories = 1 pound

There are days where it's posible that I have had breakfast, lunch & dinner with different customers.  In light of that nutrition is our key to health which helps accomplish the tasks we're subjected to. Eat right!

C (commission) = sp (sales price) X % (commission percentage)

morgan stone HP12c

I'm always calculating percentages and sq ft.

Morgan, I really don't use any math formulas in my business.

$/SF

Addition.

When depositing commission checks!! 

3% times the sale price

2+2= 4 in most cases.  Like Joe Pryor said keep it simple

Provinding monthy obligations for home buyers.

many .

Math in real estate is simple, so I don't really think too much about it.

However, now that you asked the question, the thing I calculate most often is total property tax. I usually check taxes before I do showings since the taxes can be a huge factor in whether or not someone can buy a specific house. So I add the town/county taxes and the school taxes and make sure I add the state reduction back in. Not a big deal, but definitely the math I do most frequently.

I have not tracked such metrics.

morgan stone - different agents have different 'agreement' with their clients when it comes to compensation....

And that seems the most logical answer.

Probably sales price x Commission percentage = my pay check, plus basic math for net sheets, offers, etc.

My calculator!

Pi R squared, for calculating the area of a fixed sample plot.

sales price x commission % = paycheck.

Add...then subtract

Besides simple addition and subtraction, percentages.

A handy calculation that I used some Algebra(I'm guessing) was to create a formula to counter back to HUD for the sale of their HUD Homes in order to accept their counter.

Even though they don't tell you the HUD counter is based on the NET proceeds so if your buyer did not ask for any seller concessions and you used the HUD calculated real estate commission the figure to counter back to HUD to get the offer accepted is:

         NET PRICE(HUD counter figure)  

        ____________________________________     =  Gross Price for buyer to counter

                      .94

There are hundreds/thousands or mort calculators online so no need for those.

If I remember for the test it was 7-11 for an acre (43,560). There were a couple more but I'm not recalling.