Mastering Commission Problem Solving For Real Estate State Exam Success: Unlocking The T-Method

Подписаться 10 тыс.

Просмотров 4,7 тыс.

50% 1

In this video, join us as we delve into the intricacies of real estate commissions and explore the concepts of broker and agent splits, using the T-Method. Long gone are your worries on whether you have to multiply or divide with this easy to learn method. You’ll be solving problems on your own in no time! If you’re an aspiring agent, understanding how commissions are calculated and shared is crucial to your success.
I will guide you through a series of practical examples and calculations to help you gain a solid grasp of commission structures. You’ll learn how to calculate commission amounts based on sales prices and commission rates, as well as determine the sales price when given the commission amount and rate, all while using the simple T-Method to calculate.
But that’s not all! We take it a step further and introduce the concept of broker and agent splits. Discover how commission shares are distributed between brokers and agents, with a focus on different split ratios. You’ll see how these splits impact the commission earned by agents, providing insights into how to maximize your earnings in various scenarios.
Whether you’re preparing for a real estate state exam or seeking to enhance your knowledge as a seasoned agent, this video equips you with the tools and understanding necessary to navigate the world of real estate commissions with confidence. Don’t miss this opportunity to master the calculations and concepts behind broker and agent splits in real estate commissions. Watch now and take your commission expertise to new heights!
For more math practice, get our math workbook with over 100 math practice problems here: justcallmaggie...
For free stuff go here: justcallmaggie...
Get your real estate license with us at Maggie's Real Estate Academy, LLC here: justcallmaggie...
If you like this video, please give it a thumbs up 👍 and if you want to hear more videos from our channel, SUBSCRIBE 🔥 and make sure to turn on the bell icon (🔔).
𝐖𝐚𝐧𝐭 𝐭𝐨 𝐬𝐞𝐞 𝐦𝐨𝐫𝐞 𝐜𝐨𝐧𝐭𝐞𝐧𝐭 𝐥𝐢𝐤𝐞 𝐭𝐡𝐢𝐬...?
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
👍 Like the video (it's quite helpful!)
💬 Leave a comment below to let us know what you think!
🔗 Share the video with anyone you think might help
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
🎬 SUGGESTED VIDEOS
▶️ Ace your Real Estate Exam with Expert Property Tax Math Tips!
• Ace Your Real Estate E...
▶️ Real Estate Math: Down Payment Problem Solving
• Real Estate Math: Down...
▶️ Mastering the Area Formula: Rectangles, Squares, and Triangles for Real Estate Math
• Mastering The Area For...
▶️ Crush the Real Estate Exam: Proven Strategies for First-Time Success
• Crush The Real Estate ...
▶️ A Must-Know Math Concept for the Florida Real Estate Exam
• A Must Know Math Conce...
🌐 LET'S CONNECT
🔹 Website: justcallmaggie...
🔹 Facebook: / justcallmaggie
🔹 Instagram: / justcallmaggie
🔹 TikTok: / justcallmaggie
🔹 Pinterest: / justcallmaggie
👇🏻 Don't Forget To SUBSCRIBE 🔥
/ @justcallmaggie
#RealEstateExam #RealEstate #JustCallMaggie

Опубликовано:

7 сен 2024

Ссылка:

Скачать:

Готовим ссылку...

Добавить в:

Мой плейлист

Посмотреть позже

Комментарии : 48

@Dr.CorneliaKratzer 10 месяцев назад

These are the best real estate math tutorials out there!

@JustCallMaggie 10 месяцев назад

You’re my new favorite fan!!! Thank you so much. I appreciate that. What state are you studying for?

@LoveIsLoveEveryday 5 месяцев назад

I agree

@peterdoss1176 4 месяца назад

Oh my God, i really think I'm going to FINALLY pass my national exam 😭. Thank you for this video. I can't wait to let you know when I pass ☺️

@JustCallMaggie 4 месяца назад

Glad to hear and best of luck. Keep me posted on your journey 🤓🫶

@user-bp6jz2dn7r 11 месяцев назад

I was having a really hard time understanding the math concept and you came to my life LOL. You are amazing and love the way you teach. Thank you so much!!

@JustCallMaggie 11 месяцев назад

Wow! Thank you. So glad to help and hear my teachings resonate with you. Good luck!

@JacquelineBrown-cu6wg 5 месяцев назад

Awesome teaching I caught on

@jessicahill9181 Год назад

This helped so much, you explained it so well and at such a great speed! Thank you so much!

@JustCallMaggie Год назад

Thanks. I hope it wasn't too fast.

@moeenuddinsaiyed1586 10 месяцев назад

This was really helpful I'm starting my career in Dubai real estate guys and this video just lifted off a huge burden off my head.

@JustCallMaggie 10 месяцев назад

Glad to help. Good luck to you on your real estate journey. Sounds exciting!

@rochelletimmons4779 9 месяцев назад

Thank you so much. I was struggling before I found you !!!

@JustCallMaggie 9 месяцев назад

Thanks for passing by. Best of luck to you on your real estate journey. 🤓🫶

@womanwithdogs 9 месяцев назад

LOVE YOUR TUTORIALS! MOST EXCELLENT!

@JustCallMaggie 9 месяцев назад

Thank you so much. Best of luck to you on your real estate journey 🤓🫶

@emak8120 Год назад

Why is #9 D asking for the sales agent's net commission rather than the broker's? My answer was $10,125 for the broker and $1,125 for the sales agent.

@JustCallMaggie Год назад

Sales agent commission is 90% of the $11,250. The first number is always the sales agent’s commission percentage.

@goldenqueen6339 5 месяцев назад

This is awesome!

@JustCallMaggie 5 месяцев назад

Thank you 😊

@josedelatorre71 10 месяцев назад

Thank you fir this video! WOW so helpful :)

@JustCallMaggie 10 месяцев назад

Thank you. Glad to help. You got this!

@vanessamcfadden8335 3 месяца назад

Wow , very helpful

@JustCallMaggie 3 месяца назад

Thank you. Glad to help. Best of luck!

@DivaPearls 7 месяцев назад

Question 7 could've used a little more detail , for example who gets 70 and who gets 30, so that we could know who we are solving for. thanks for this very useful help!

@JustCallMaggie 7 месяцев назад

Thank you, in these types of questions where the split is shown as in #7 (70/30), the agent’s split is always shown first. Common splits are 90/10, 80/20, 70/30 and so on.

@TheIvy-qg3mv 4 месяца назад

Thank you

@JustCallMaggie 4 месяца назад

Yay! You’re welcome 🤓

@humbertoleonelsalgado1208 9 месяцев назад

Instead of dividing the 30,000 on the last question, I plugged it in as the total for the 2nd T bar. From there I multiplied it with the 70% split. I got 21,000 and then divided by 2 for the agent split. I got the same answer: 10,500. Will the way I did it mess me up for future math problems? I went ahead and worked on the question before watching you work it. It was the last question that I'm talking about.

@JustCallMaggie 9 месяцев назад

I think that can work. Good job!

@KarenGregoryk 10 месяцев назад

Can you do Commission Splits?

@silviasaucedo6092 10 месяцев назад

A real estate company received a 6.5% commission on the sale of a property. The listing broker in the company received 40% of the commission or 9,750, what was the selling price of the property?? Please help ty

@JustCallMaggie 10 месяцев назад

Great question! Ok for these, you have to work backwards and use the opposite operation. Normally we multiply sales price times commission rate and get the gross commission Amount the seller pays. Then we multiply the gross commission by the brokers cut to get the take home commission. Well, for this example we work backwards and divide. So, $9750/0.4 = $24,375. Then we divide $24,375/0.065 = $375,000 sales price. We can check the math and see if a house sold for $375,000 x 0.065 = $24,375. Then $24,375 x 0.4 = $9750. Just work it backwards using the opposite operation which is division. Hope that helps!

@cw781 3 месяца назад

Do you ever review land description

@JustCallMaggie 3 месяца назад

Yes. I have a video all about property legal descriptions. Here it is 👉 ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-01O0Zo8LEFA.html

@KellyKiela 7 месяцев назад

By the way I did do better on the math after watching you video

@JustCallMaggie 7 месяцев назад

That’s great! I’m so happy to hear that. Thank you.

@JustCallMaggie 7 месяцев назад

You got this. Don’t give up. What state are you testing for?

@KellyKiela 7 месяцев назад

@@JustCallMaggie Virginia . I just took it yesterday and I cannot begin to tell you how many times I have taken this test and I am feeling discouraged however, I want this so bad.

@JustCallMaggie 7 месяцев назад

@@KellyKiela ok well, maybe you should book a tutoring session with me so we can go over the concepts you scored lower on.

@KellyKiela 7 месяцев назад

@@JustCallMaggie how do I go about that ?