Math & Formulas
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20 Terms
Commission Formula
Sales Price x Commission rate = Commission
Sales Price Formula
Commission ÷ Commission rate = Sales Price
Commission Rate Formula
Commission ÷ Sales Price = Commission Rate
Net to Seller Formula
Sales Price x (100% - Commission rate) = Net to Seller
Interest Formula
Principal x rate x time = interest
Principal Formula
Interest ÷ rate x time = principal
Interest Rate Formula
Interest ÷ principal x time = rate
Effective Gross Income Formula
Scheduled gross income - vacancies & credit losses = effective gross income
Net Operating Expenses Formula
Effective gross income - annual operating expenses = NOI
Value Formula
NOI ÷ rate of return = value
Rate of Return Formula
NOI ÷ value = rate of return
Net Operating Income Formula
Value x rate of return = NOI
Part Formula (Percentage Problems)
Total x rate = part
Total Formula (Percentage Problems)
Part ÷ rate = total
Rate Formula (Percentage Problems)
Part ÷ total = rate
Triangle Formula
base x height ÷ 2 = area
How many acres are in a section?
640
How many square feet are in an acre?
43,560 square feet per acre
How many feet are in a mile?
5,280 feet in a mile (one side of a section)
Discount Points
1 point = 1% of the loan amount
Changes rate 1/8%.