AKTutorPro.COM : Real Estate Math Tutorial
NOTE: THIS IS ONLY A PREVIEW OF THE FULL DOCUMENT....
The example tables presented here are NOT complete!
THE FULL DOCUMENT WILL BE DOWNLOADABLE ONCE THE
REAL ESTATE MATH COURSE IS PURCHASED!
Welcome to AKTutorProʼs conversion sheet... for use with the Real Estate Math Tutorial Series
This handy conversion sheet summarizes all the different conversions we did in the Real Estate Math
Tutorial.
For the Real Estate Exam you MUST know how to do ALL these conversions and formulas...
Where there are conversions or formulas you donʼt know, for example 1 mile = 5280 feet, you must
learn them... you will NOT be able to take them into the Real Estate Exam with you!
The examples follow exactly the same format as the course...
You write down the problem in the format:
• “units” that you want on the LEFT side
• draw an EQUALS SIGN (“=”)
• Write down everything you know on the RIGHT side
• Do the steps necessary to convert what you KNOW to what you WANT
Example: How many inches are in 36 feet?
write down what you want = what you know
? inches = 36 feet
12inches
1f t
look up the conversion factor in the table
(in this case you want: feet -> inches
and inches is on the TOP in the conversion
factor)
convert the right side to the units you want (in
this example, inches) by multiplying by the
appropriate conversion factor from the table
(and canceling out terms that are on both the
top and bottom - feet in this example)
? inches = 36 f eet ∗
12 inches
= 36 ∗ 12inches = 432 inches
1 f oot
NOTE: feet on top and bottom cancel each other out and leaves
you with just inches - what you wanted!
© 2008 A.Johnson & K.Daniel, AKTutorPro.com, all rights reserved... may not be redistributed.
Available only from our website www.AKTutorPro.com as part of our Real Estate Math Series
AKTutorPro.COM : Real Estate Math Tutorial
Measurements
measurements can be in inches, feet, yards, miles, etc... the units that you WANT in your answer go on top
of the conversion factor
from
to
x By
example
1 f t = 12 inches
inches = ft
inches
feet
1f t
12inches
24inches ∗
feet
inches
12inches
1f t
3f t ∗
1f t
= 2f t
12inches
12inches
= 36inches
1f t
1yard = 3f t
yards = feet
yards
feet
3f t
1yard
2yards ∗
feet
yards
1yard
3f t
3f t ∗
3f t
= 6f t
1yard
1yard
= 1 yd
3f t
1 mile = 5280 f t
miles = feet
5280 f eet
= 10, 560 f eet
1 mile
miles
feet
5280f t
1mile
2 miles ∗
feet
miles
1mile
5280f t
10560 f eet ∗
1 mile
= 2 miles
5280 f eet
Preview Only... Actual Table will have more conversions
© 2008 A.Johnson & K.Daniel, AKTutorPro.com, all rights reserved... may not be redistributed.
Available only from our website www.AKTutorPro.com as part of our Real Estate Math Series
AKTutorPro.COM : Real Estate Math Tutorial
AREA
Area is ALWAYS f t2 , yd2 , miles2 , etc. and is always obtained by multiplying one area by another
For example: 1yd * 1yd = 1yd2 (NOTE: ACRE is a measurement of AREA, even though it is not referred
to as “SQUARE ACRES”... Itʼs already defined as a certain number of SQUARE FEET)
from
inches
to
x By
inches2
inches ∗ inches = inches2
3 inches ∗ 4 inches = 12 inches2
1 acre = 43560 f t2
acres = feet
acres
example
feet2
43560f t2
1acre
Normally you would NOT need to convert between units like
by multiplying by the appropriate factors...
ft2
miles2
1 mile
1 mile
∗
5280 f t 5280 f t
miles2
ft2
5280 f t 5280 f t
∗
1 mile
1 mile
2 acres ∗
43560f t2
= 87, 120 f t2
1acre
ft2 and miles2 , but you CAN just
Preview Only... Actual Table will have more conversions
© 2008 A.Johnson & K.Daniel, AKTutorPro.com, all rights reserved... may not be redistributed.
Available only from our website www.AKTutorPro.com as part of our Real Estate Math Series
AKTutorPro.COM : Real Estate Math Tutorial
Board Feet
NOTE that Board Feet is the only thing youʼre likely to encounter based on VOLUME (or CUBIC INCHES...
or inches3)
board foot = inches
1 Board F oot = 12 inches (long) ∗ 12 inches (wide) ∗ 1 inch (thick) = 144 inches3
Land Issues
Land conversions are something youʼre not likely to see outside the Real Estate Exam...
BUT, there will be several questions on the exam.
The Public Land Survey System (PLSS)
from
to
Township
x By
example
1 Township = 6 miles x 6 miles = 36 miles2
Section
1 Section = 1 mile x 1 mile = 1 mile2
1 Section = 640 acres
section
acre
640 acres
1 section
2 sections ∗
acre
section
1 section
640 acres
2 acres ∗
640 acres
= 1280 acres
1 section
1 section
= 0.003 sections
640 acres
This system applies to most states other than the original 13 colonies (including their derivatives Maine,
Vermont, Tennessee, Kentucky and West Virginia) which are based on the old English metes-and-bounds
system) and Texas and Hawaii.
Important Formulas That You MUST Know before you take the Real Estate Licensing Exam!
Financial Formulas
It is absolutely necessary that you know these formulas before you take the Real Estate Exam.
(Preview only: The full Conversion Chart has lots more financial formulas)
Loan Amortization
factors
M onthly P ayment = $ Loan ∗
$ Amortization F actor
$1000
© 2008 A.Johnson & K.Daniel, AKTutorPro.com, all rights reserved... may not be redistributed.
Available only from our website www.AKTutorPro.com as part of our Real Estate Math Series
AKTutorPro.COM : Real Estate Math Tutorial
Tax Considerations
Depreciation
residential INCOME property
27.5 years
non-residential property
39 years
land
NO
Personal Residence Exemption
single
$250,000
married
$500,000
* must be occupied at least 2 of the last 5 years!
© 2008 A.Johnson & K.Daniel, AKTutorPro.com, all rights reserved... may not be redistributed.
Available only from our website www.AKTutorPro.com as part of our Real Estate Math Series