morgan stone

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Dick Greenberg
New Paradigm Partners LLC - Fort Collins, CO
Northern Colorado Residential Real Estate

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).

Sep 03, 2016 07:39 AM
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Susan Emo
Sotheby's International Realty Canada - Brokerage - Kingston, ON
Kingston and the 1000 Islands Area

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

Sep 03, 2016 07:21 AM
Rainer
3,185
Israel Chaidez
Dynasty Real Estate - Los Angeles, CA
Southern California Home Search (213) 536-1196

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

Sep 03, 2016 04:45 AM
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Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

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

Sep 03, 2016 04:36 AM
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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

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

Sep 03, 2016 05:11 AM
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985,754
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

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.

 

Sep 03, 2016 04:33 AM
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Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

The Jethro Bodine Fourth Grade Book of Cipherin'.   

Sep 04, 2016 01:19 AM
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Marco Giancola
Beachfront Realty - Miami Beach, FL
Realtor (305)608-1922, Miami Beach Florida

  & Susan Emo said

Sep 04, 2016 12:21 AM
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Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

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

Sep 03, 2016 11:56 PM
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Jennifer Mackay
Counts Real Estate Group, Inc. - Panama City, FL
Your Bay County Florida Realtor 850.774.6582

Percentage - good luck with your new profession

Sep 03, 2016 11:32 PM
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Patricia Kennedy
RLAH Real Estate - Washington, DC
Home in the Capital

Nothing the calculator on my iPhone can't handle.

Sep 03, 2016 03:02 PM
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Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

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

Sep 03, 2016 07:15 AM
Rainmaker
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Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

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

Sep 03, 2016 05:02 AM
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Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

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

Sep 03, 2016 05:00 AM
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Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Good luck with your studies.

May 22, 2019 12:40 PM
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Dave Halpern
Keller Williams Realty Louisville East (502) 664-7827 - Louisville, KY
Louisville Short Sale Expert

Net sheet spreadsheet for my sellers

Jun 17, 2018 02:43 AM
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Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

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

Sep 06, 2016 08:44 PM
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Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

sale price times commission equals my income....

Sep 04, 2016 08:57 AM
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Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

43560 of these make an ?

Sep 04, 2016 07:05 AM
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Ryan Huggins - Thousand Oaks, CA
www.HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

This one:

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

Sep 04, 2016 04:32 AM
Rainmaker
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Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

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!

Sep 04, 2016 01:08 AM
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Richard Weeks
Dallas, TX
REALTOR®, Broker

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

Sep 04, 2016 12:43 AM
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Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

morgan stone HP12c

Sep 04, 2016 12:17 AM
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Jessie Cochran
Counts Real Estate Group, Inc. - Panama City, FL
Panama City Realty Group

I'm always calculating percentages and sq ft.

Sep 04, 2016 12:06 AM
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Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

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

Sep 03, 2016 11:56 PM
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Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Geneva Financial, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

$/SF

Sep 03, 2016 11:40 PM
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Tony and Suzanne Marriott, Associate Brokers
BVO Luxury Group @ Keller Williams Arizona Realty - Scottsdale, AZ
Serving Scottsdale, Phoenix and Maricopa County AZ

Addition.

When depositing commission checks!! 

Sep 03, 2016 10:36 PM
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Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker and Attorney Licensed in DC, MD, VA,

3% times the sale price

Sep 03, 2016 10:16 PM
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James Dray
Fathom Realty - Bentonville, AR
Exceptional Agents, Outstanding Results

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

Sep 03, 2016 09:53 PM
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Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Provinding monthy obligations for home buyers.

Sep 03, 2016 09:44 PM
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Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

many .

Sep 03, 2016 08:49 PM
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Kat Palmiotti
Grand Lux Realty, Monroe NY, 914-419-0270, kat@thehousekat.com - Monroe, NY
The House Kat

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.

Sep 03, 2016 08:27 PM
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FN LN
Toronto, ON

I have not tracked such metrics.

Sep 03, 2016 05:13 PM
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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

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

And that seems the most logical answer.

Sep 03, 2016 02:08 PM
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

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

Sep 03, 2016 01:38 PM
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Evelyn Johnston
Friends & Neighbors Real Estate - Elkhart, IN
The People You Know, Like and Trust!

My calculator!

Sep 03, 2016 12:54 PM
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Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

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

Sep 03, 2016 12:52 PM
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Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

sales price x commission % = paycheck.

Sep 03, 2016 11:45 AM
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William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Add...then subtract

Sep 03, 2016 10:55 AM
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Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

Besides simple addition and subtraction, percentages.

Sep 03, 2016 10:19 AM
Rainmaker
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Bruce Walter
Keller Williams Realty Lafayette/West Lafayette, Indiana - West Lafayette, IN

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

Sep 03, 2016 05:00 AM
Rainmaker
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Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg IL Real Estate

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.

Sep 03, 2016 04:28 AM