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Jamie Garner (Silverstone Group)

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2,072,993
Alan May
Jameson Sotheby's International Realty - Evanston, IL
Home is where the hearth is.

I use addition.

1 buyer + 1 seller = a bunch o' happy people.

Dec 23, 2016 01:55 PM
Ambassador
1,458,019
Susan Emo
Sotheby's International Realty Canada - Brokerage - Kingston, ON
Kingston and the 1000 Islands Area

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.

Dec 23, 2016 03:40 PM
Rainmaker
679,404
Diana Dahlberg
1 Month Realty - Pleasant Prairie, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

I use multiplication the  most ... getting percentages!

Dec 23, 2016 01:44 PM
Rainmaker
716,880
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

I use multiplication a lot to determine splits. Then subtraction and addition - in checking my work.

Dec 23, 2016 01:41 PM
Rainmaker
1,093,347
Diana Zaccaro Broker Associate
ZOOM Realty Group - Cocoa Beach, FL
"The Accidental Blogger" Cocoa Beach, Florida

Mostly basic math and that can be done with a calculator.

 

Dec 23, 2016 10:04 PM
Rainmaker
3,986,308
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

I like, house sold X house price= commsission.

Dec 23, 2016 05:33 PM
Rainmaker
5,115,873
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

real estate math is mostly 4th grade math... addition, subtraction, multiplication, and division.

Dec 24, 2016 05:09 AM
Rainmaker
4,272,934
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

 Very simple arithmetic ..

Dec 23, 2016 11:22 PM
Ambassador
3,383,434
Chris Ann Cleland
Long and Foster Real Estate - Gainesville, VA
Associate Broker, Bristow, VA

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.

Dec 23, 2016 08:56 PM
Rainmaker
151,633
Julie Larson Realtor® Sarasota FL 941-284-9826
White Sands Realty Group FL | 941-284-9826 | Serving Sarasota, Manatee & Charlotte Counties - Sarasota, FL
When you're thinking of moving...ThinkSuncoast.com

Mostly multiplication on my smartphone to calculate percentages.

Dec 23, 2016 08:38 PM
Ambassador
3,864,516
Margaret Rome Baltimore 410-530-2400
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

I use the calculator on my iPhone for figuring commission, closing costs , and proceeds.

Dec 23, 2016 08:24 PM
Rainmaker
1,446,751
Richard Iarossi
Coldwell Banker Residential Brokerage - Crofton, MD
Crofton MD Real Estate, Annapolis MD Real Estate

For residential real estate, the basic math that we all learned in grade school should suffice.

Dec 23, 2016 07:35 PM
Rainmaker
1,157,791
FN LN
Toronto, ON

It requires very little.

Dec 23, 2016 05:44 PM
Rainmaker
1,525,616
Sybil Campbell
Fernandina Beach, FL
Referral Agent Amelia Island Florida

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.

Dec 23, 2016 05:26 PM
Rainmaker
4,800,132
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I don't use very much math at all in this business.

Dec 23, 2016 05:18 PM
Ambassador
5,257,583
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

Addition, subtraction, multiplication and division - basic math that my phone calculater is a master at processing!

Dec 23, 2016 05:08 PM
Ambassador
5,062,945
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

The math on net proceeds sheets for sellers, and estimated costs for buyers. Percentages too - list price/sale price ratio, and $/SF

Dec 23, 2016 05:02 PM
Rainmaker
5,772,693
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Jamie,

You have great answers.  A

Dec 23, 2016 04:52 PM
Rainmaker
1,242,204
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

1 ac=43560 sf

Dec 23, 2016 03:41 PM
Rainmaker
3,988,013
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

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.

Dec 23, 2016 03:17 PM
Rainmaker
4,319,773
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Obviously that 3% math.

Dec 23, 2016 02:49 PM
Rainmaker
1,057,404
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

Get a Qualifier calculator.

It will immediately and easily calculate monthly payments and other equations.

Dec 23, 2016 02:23 PM
Ambassador
2,189,772
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Prop. Mgr, Wenatchee, WA

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.

Dec 23, 2016 02:18 PM
Rainer
97,866
Carol Wilson
Your $imple Home - Toronto, ON

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.

Dec 23, 2016 02:01 PM
Rainmaker
971,183
Frank Rubi
Frank Rubi Real Estate, LLC - Metairie, LA
FrankRubiRealEstate.com

Multiplication and percent computations

Dec 23, 2016 01:57 PM
Rainmaker
4,583,784
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

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.   

Dec 24, 2016 08:57 AM
Rainmaker
4,966,057
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Basic math, let the lenders and title company do the other things.

 

Dec 24, 2016 08:20 AM
Rainmaker
4,434,177
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Others have answered

Dec 24, 2016 07:18 AM
Rainmaker
5,583,328
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

sale price x commission = the check I'm delivering to my bank account....

Dec 24, 2016 06:45 AM
Rainmaker
2,785,306
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

43,560 which is how many feet in an acre comes up frequently

Dec 24, 2016 06:43 AM
Rainmaker
1,617,916
Harry F. D'Elia III
WEDO Real Estate and Beyond, LLC - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

I like math so bring it on

Dec 24, 2016 06:42 AM
Rainmaker
5,244,229
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Even those who are math challenged find a way to calculate the commission in their head. Imagine that!

Dec 24, 2016 06:15 AM
Rainmaker
991,652
Jennifer Mackay
Counts Real Estate Group, Inc. - Panama City, FL
Your Bay County Florida Realtor 850.774.6582

Calculating commission

Dec 24, 2016 06:09 AM
Rainmaker
921,504
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

Graphing tangents and arcs are most common....

....in intergalactic real estate.

 

Dec 24, 2016 05:30 AM
Rainmaker
1,847,621
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

Calculate my commission when I process earnest money.

Dec 24, 2016 05:29 AM
Rainmaker
3,416,038
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

Converting square footage on tax card to acres for BPO's.  (10,000/43560)

Dec 24, 2016 05:23 AM
Rainmaker
3,071,489
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Alan May nailed this one!

Dec 24, 2016 02:40 AM
Ambassador
6,423,485
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Geometry/trig for boundaries

Statistics for volume/value sampling.

Dec 23, 2016 05:32 PM
Rainer
150,466
Michael Thacker - Re/Max Real Estate Center - Louisville
Re/Max Real Estate Center - The Thacker Group - Louisville, KY
Your best friend who just happens to be a Realtor

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.

Dec 23, 2016 04:38 PM
Rainmaker
7,869,880
Roy Kelley
Retired - Gaithersburg, MD

Use a good financial calculator.

Dec 23, 2016 04:18 PM
Rainmaker
1,728,667
Sandy Padula & Norm Padula, JD, GRI
HomeSmart Realty West & Florida Realty Investments - , CA
Presence, Persistence & Perseverance

Closing cost estimates with the proper prorations.

Dec 23, 2016 03:13 PM
Rainmaker
1,466,257
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Jamie Garner Commercial real estate requires knowledge of math. You should also have a good financial calculator like an HP12c.

Dec 23, 2016 03:01 PM
Rainmaker
1,712,876
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Excel spreadsheets that auto-calculate.

Dec 23, 2016 02:03 PM
Rainmaker
5,879,125
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

The Closing Disclosure to make sure all figures are correct! 

Dec 26, 2016 01:40 PM
Rainmaker
1,955,862
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Basic math - if you don't understand it ask a question.  There is always someone willing to help you. 

Dec 26, 2016 10:18 AM
Rainmaker
4,905,762
Richard Weeks
Dallas, TX
REALTOR®, Broker

A lot of linear algebra and differential equations.  Just kidding seldom do any math.

Dec 25, 2016 07:16 AM
Ambassador
2,684,769
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

    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.

Dec 24, 2016 06:29 PM
Ambassador
3,350,439
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

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. 

Dec 24, 2016 02:17 PM
Ambassador
3,743,468
Patricia Kennedy
RLAH@properties - Washington, DC
Home in the Capital

The calculator on my iPhone!

Dec 24, 2016 11:01 AM
Rainmaker
1,506,773
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

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

Dec 24, 2016 10:59 AM
Rainmaker
902,368
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

There is not much to it; you can use as little or as much as you choose.

Dec 24, 2016 09:13 AM