Mastering Real Estate Financing: 15 Exam Practice Questions | Just Call Maggie

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Welcome back, future real estate pros! In today's video, we're diving into the finance section of the real estate exam. Grab your pen, paper, and calculator, because we've got 15 practice questions coming your way. If you missed our previous financing video, click here for some extra prep 👉: • Real Estate Finance 10...
▶️ 00:00 - Intro
🤔 00:53 - Question 1
💡 01:30 - Question 2
🏡 02:02 - Question 3
📝 02:46 - Question 4
🔄 03:33 - Question 5
⚖️ 04:17 - Question 6
🏠 04:56 - Question 7
🔍 05:50 - Question 8
👩‍⚖️ 06:56 - Question 9
📈 07:37 - Question 10
💸 08:26 - Question 11
💰 09:19 - Question 12
🏠 10:00 - Question 13
📉 11:44 - Question 14
💳 12:32 - Question 15
🏆 13:04 - Outro/Math e-Workbook Explained
📚 EDUCATIONAL RESOURCES:
📘 Math E-Workbook Bundle for Real Estate Success
justcallmaggie.com/product/ma...
📺 FInancing 101 Video: • Real Estate Finance 10...
🔗 HELPFUL LINKS
📝 My top 5 study tricks to pass the real estate exam
• Crush The Real Estate ...
📚 Link to our math formulas study guide
justcallmaggie.com/product/re...
Let me know your thoughts in the comments. Happy studying, and best of luck on your real estate journey! 📚🎉
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Опубликовано:

29 июл 2024

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Комментарии : 49

@hottkissed9685 5 месяцев назад

Thank you Maggie watched all your videos and passed my state exam today 1st try. I'm a FL R.E Associate in Miami Thank you :)

@JustCallMaggie 5 месяцев назад

Awesome!!! Welcome to the club. Congratulations 🥳🥳🥳 👏👏👏

@laylasantos4589 5 месяцев назад

I finally passed my real estate exam after a third try ❤

@JustCallMaggie 5 месяцев назад

Awesome! Congratulations 👏👏👏

@andre52094 2 месяца назад

@@JustCallMaggie I am on round 3 and nervous how did you get pass it

@JustCallMaggie 2 месяца назад

@@andre52094 I just tried to make sense of everything instead of memorizing and as I would read I would paint a picture of things in my head. I also started to think of myself as a real estate agent and put myself in each situation. It really helped a lot. Good luck to you. Don’t give up. You got this!

@emmanuelclack783 5 месяцев назад

Hey I passed my Texas exam and wanted to say thanks. I watched your videos and they really helped especially the math portion and the T chart. You do a great job of explaining everything. Thanks again

@JustCallMaggie 5 месяцев назад

Congratulations!!! 👏👏👏 So happy to hear this. Thank you for sharing your story and for letting me know my videos helped you. Best of luck to you in your real estate career. Keep me posted on all your successes!!! 🥳🥳🥳

@anarosapuente4516 5 месяцев назад

I appreciate all your concepts and explanations given to all future and current realtors!!!!!! Maggie I am so thankful for youuu!!!! ❤❤❤❤❤

@JustCallMaggie 5 месяцев назад

Thank you for your kind words. I appreciate you! Best of luck to you on all your real estate ventures 🤓🫶

@mikoflowers1208 5 месяцев назад

Yes we are!! 🙌🏾👍🏽

@juliegerbitzaubrey5494 2 месяца назад

I was stumped on #13, but now I understand it. Thanks for the great instruction! You are the best!

@JustCallMaggie 2 месяца назад

Thank you. Glad to help. Best of luck

@mikekaram4580 14 дней назад

I have learned so much with these videos. Maggie I Love the way you guide these tests. You’re the Best

@JustCallMaggie 13 дней назад

@@mikekaram4580 Thank you so much. I appreciate you. Best of luck 🤓🫶

@GlamGoddess-htx 2 месяца назад

Wow your videos are so informative and very detailed! Thank you so much ❤

@JustCallMaggie 2 месяца назад

Thank you! Best of luck to you on your journey!

@yq2 5 месяцев назад

love ittttttttt thanks for doing this

@JustCallMaggie 5 месяцев назад

Thank you for your support 🤓🫶

@kathyrains847 2 месяца назад

I am Finally learning and understanding the R E Math! Thank you, Maggie! You are such a wonderful, fun Instructor! Going to take the National Exam (3rd try) probably in about 2 weeks!

@JustCallMaggie 2 месяца назад

Thank you! Best of luck to you on your exam. No matter what, don’t give up. You got this. Keep me updated. 🤓🫶

@professord44 5 месяцев назад

Thank you so much for a most informative math presentation 😶

@JustCallMaggie 5 месяцев назад

Thank you for your kind words. 🤓🫶

@kimberlylewis8897 5 месяцев назад

I can do most of problems but struggle mostly with amortization table questions.

@JustCallMaggie 5 месяцев назад

Just remember to divide the loan amount by $1000 then multiply that by the loan factor found in the chart. That will give you your P and I payment that will remain constant for the life of the loan. Hope that helps!

@user-bi2dt6dc4w 5 месяцев назад

nice

@JustCallMaggie 5 месяцев назад

Thank you 😊

@MaeganGraceFuller 2 месяца назад

Gracias!!

@JustCallMaggie 2 месяца назад

De nada! Ahh hablas español?

@MaeganGraceFuller 2 месяца назад

@@JustCallMaggie como no chica! Mis abuelos son de Cuba 🇨🇺🤍

@JustCallMaggie 2 месяца назад

@@MaeganGraceFuller mira eso! Que bueno. Mis padres y abuelos son de Cuba también 🇨🇺🤍🤓

@MaeganGraceFuller 2 месяца назад

@@JustCallMaggie I had a feeling!! Wishing you a blessed week, hermana.

@JustCallMaggie 2 месяца назад

@@MaeganGraceFuller love it! You too mi hermanita 🤓🫶

@Indezstructible 5 месяцев назад

Do you have a link to the chart on question 11? Will they have questions like that on the exam with a chart provided? Thanks

@JustCallMaggie 5 месяцев назад

I do not have a link, but you can google “mortgage payment factor chart” and under images I’m sure you can find something similar. They will provide the chart at the exam. Some states have these types of questions, where others do not. Check my other finance video here on how to solve these 👉 ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-2Tp6zq7UYZ8.html

@user-mb7ww5ul6q 5 месяцев назад

For question 13. Where are you getting the 1000 from?

@JustCallMaggie 5 месяцев назад

At the top of the chart it say for every $1,000. So you divide that by loan amount to find the P & I

@Deebabby94 3 месяца назад

I am confused on problem 13. You did not explain how you got the 90%? Why couldn't you have taken the numbers used in the problem, like taking 10/ 100= 0.1 * 150,000 = 15,000 then minus that from 150,000 to get $135,00?

@JustCallMaggie 3 месяца назад

You can do it the way you explained, but to skip the second step in your calculations of subtracting the down payment from the sales price to get the loan amount, you can simply subtract 100% - the down payment % to get the loan % then multiply that to the sales price and you’ll get the loan amount without having to subtract. I hope that helps.

@Deebabby94 3 месяца назад

I am confused on problem 10. I don't know why we used "100 - 15", Why didn't the $200,000 play a role in the math?

@JustCallMaggie 3 месяца назад

Ok if the down payment percentage is 15%, that means the loan percentage is 85%. Just like if the loan % is 90%, the down payment would be 10%. Just remember: Loan % + down % = 100%