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. 

Time: 9AM to 12PM

Seminars are offered through physical live classroom instruction unless noted otherwise. Once enrolled, the student can select the date and delivery method preferred. NOTE: Students enrolling in the math test prep are supplied with the ability to schedule the LIVE offering as well as the recorded video of the seminar (in the online courses portion of the student account)

Location: Las Vegas location

  • Jan 23, 2022
  • Feb 6, 2022
  • Mar 6, 2022
  • Apr 10, 2022
  • May 8, 2022
  • Jun 19, 2022
  • Jul 10, 2022
  • Aug 7, 2022
  • Sep 11, 2022
  • Oct 9, 2022
  • Nov 6, 2022
  • Dec 18, 2022

The student selects from the above dates in the student account once the student has paid the tuition This course enrollment automatically includes the pre recorded video version of this seminar.

Click here to enroll in the Math test prep 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