Joe.... your teaching style and method is fantastic... I learned SO MUCH from this course, and I love how you add a little humor into the mix.... I give you a 10.... thanks so much
As a Realtor for over 25 years and selling millions of dollar's of real properties, never once did I encounter math problems (like the real estate exam) in the real world. FYI..
Just like school.. that’s why everyday I’m studying for the course I’m just like “just get through it. You’ll never need this again.. just do it now for the test and it’ll be all over soon” 😂😂
I'm an EMT and in the class the instructors always said "this test is just to get your ticket to ride!" Then you won't have to use most of this again haha.
I just need to thank you… I failed the national portion of my Maryland real estate exam twice then came across your videos and watched them religiously… and I just passed TODAY on the third time. About half of the questions I would not have been able to decipher if it were not for your teaching style and memory tricks and tips… I wish I could thank you in a better way. There is no way I would have passed this time without your videos… No way. Forever indebted! 🙏🏾 Off to become the best darn realtor in Maryland… Thanks to you!
It will be my 3rd time taking the Maryland exam on the 3rd. These videos are helping me retain the information and I'm so much more confident this time too! Congrats on passing!! P.S. I'm a Virgo Rising too lol
I meannnnnn i do tend to have the office on when i'm studying. I find it hardens my focus so when i take tests i can deal with distractions.... thank you forthis!!!
These are super great! I really liked how you broke them down. Your introvert did great! 👏👏👏 I stopped the video and did my own calculations and then started video, and went through it with you. Thank you! More please... 😜😊👊
When you take your test, are you allowed a formula chart? That would be incredibly helpful. Plus, in real life, you would certainly be able to use one.
Hi I need some help with a question on the California exam asking if a property sold for 28,500 wich was 25% more tgen tge owner paid for what was the original cost of the property?
THE FOLLOWING METHOD IS TRUE FOR ALL PERCENTAGE QUESTIONS. At 35:00 , think of it as 'How many ?% of $12,000 = $600 ?' In this previous sentence, replace 'how many' with '?', replace 'of' with a 'multiplication (x)' and replace '%' with '1/100'. Now let's write the sentence again. ? x (1/100) X $12,000 = $600 solve the above for '?' ? x $120 = $600 ? = 5% therefore, annual percentage is 5%. Good luck to everyone who is appearing for their real estate exam
I passed the very next day after I posted this comment. If you’re undecided on whether to purchase this program please just do it. It’s the best program ever!
Gross rent multiplier (GRM) using for properties which have one to four units and it will be Sales price divide by Monthly gross rent whereas Gross income multiplier (GIM) using for properties which Five or more units which is Sales price divide by Annual gross income ! i am not sure using Annual gross rent multiplier instead of using GIM is right or not !?maybe Prep agent clarify it for me ? Thanks .
I’m taking my exam today! I failed last week by 3points on national but passed the state so I’m praying and hoping to pass after watching these videos and webinars this week. So far I have so much clarity. I’m ADHD and have test anxiety. I ran out of time the first try and had to guess a lot. I’m also a Louisiana Tester!
CCdelia B I would study with you but I’m taking my test again ASAP. I just failed national by one point. So I’m hoping to be done this week! Good luck to you. Subscribe to my vlog since you’re local! That would be so cool. You can email me at catherinemfabre@icloud.com if you want to talk more!
When teachers say "at best you should only have 10% of test to be math so don't worry about math." shouldn't the comparison be that you are only allowed 25% of question wrong and 40% of that are math questions? Also I would love to watch these videos but a commercial every three minutes for 40 minutes is not student friendly. Can we tone that down so commercials and learning aren't 50-50?
Thank you sooo much Joe! The Prep Agent videos and seminars are AWESOME!!! Everything you prepare us for was in the exam, including the vocabulary words. You are super helpful and You make the videos and webinars so memorable! I was listening to one of your webinars on my way to take the exam. I did everything you instructed including the 5 words every morning. I got plenty of rest the night before and dressed comfortably. I ate a nice salad with spinach, carrots, tomatoes, and sliced chicken plus a lentil, kale, and coconut soup. I snacked on melon and cantaloupe on my almost 2 hour drive from Toluca Lake to La Palma. The acronyms you teach are the best! The one thing I was not prepared for was how wordy the questions and answers were. Soooo many unnecessary words to confuse and force the examinee to read everything. What a waste of time. But I kept my cool. So please mention this to other members. It is important to have a clear understanding of the listing process, appraisal process, lending process, mortgages, practices and principles and legalese. There were no math problems that required me to use the calculator that had been provided. The first 3 questions were completely random having nothing to do with anything I had read or heard or abput real estate. ..it threw me off and I started to panic. I even checked to make sure I was taking the correct exam... but then after those questions I began to see the light. I looked at the time and paced myself. I had 3 hour and 150 questions, so 50 questions per hour. Completely doable.👌 A question that threw me off was: "How many feet are in a mile." I had no idea but remembered my GPS informing me when I was 1,000 feet from an exit. I calculated and thankfully had it right! There were a few questions about the transfer disclosure statement. I completed the exam with 2 minutes left. I scrolled back to look at some questions I had noted and ended up changing one of the answers and then system shut me out.. The attendant handed me a stapled paper with the results and instructed me to not open it up to read results until after I was outside the building. I PASSED!!!!! Yessss!!!!! Thanks again! 😊👌
Joe you are amazing. I am starting my classes in 15 days and wanted to get a head start on learning. I listen to all your videos daily as I drive to and from work or on long trips. I am amazed how well you teach. Thanks so much. I will continue to be devoted to your videos and God willing I will be on the path to a rewarding real estate career.
I have a question about the second problem that you did so the answer you got was 16.2 but when I calculated it I got 1.62 how do you know when to convert it into 16.2?
In california, saved this video for last out of everything, very glad i dont have to tackle this subject, guess i'll go back and watch some old videos again.
Thank you for the excellent explanations! Especially for association with abbreviations)) But I have a question: why we count 360 days in the year at the end of the lesson? Instead 365?)))
Thank you for clarifying information about the math. It is the one thing that has preventing me from taking the leap. If I am going fail because of math I'll feel defeated. I didn't learn math in school because my teachers sucked. I hope there is a math class for Dummy X. Thats me!
I got the loan term one in a weird way. I was so confused so I just tried to put it into an equation. I knew that: loan(%)(term) = interest so I plugged the numbers in: 7,000 (.09)(t)=$945 then got the variable alone by doing the opposite of the equation on each side 7000(.09)(t) = $945 ----------------- ---------- 7000 7000 (.09)(t) = .135 --------- --------- .09 .09 t= 1.5 (12 months + 6 months)
HI Joe! THANKS for your wonderful Teaching! Kathy...Smyrna, Tennessee. JUST about ready for the State Exam! Bucket List Lifetime Dream! TOMATOES! Ok......Time to sharpen that Pencil! Have a Great Day. June 08, 2023. (Getting this License (Finally!) for my Birthday!>>>06-28. 74 Yrs YOUNG! LOL!
I just always remember to move the percentage point over by 2. $80 bill at restaurant. 20 percent tip. 80 times 20=1600. Move the decimal point two spaces and you have 16. I go as far in my head as 80 times two. Make it make sense
For that one question on here. I did 7,000×.09 which was 630 then I divided that by 12. Which is 52.5. Lastly, I multiplied that by 18 and got 945. To find my answer. I think I did it the long way.
Just passed on my 1st try. The Arizona State exam did not seem all that similar to the questions and/or the school exam. Most were completely worded differently and/or not the same. Grr oh well I passed.
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Price/ Rent = GRM GRM= 13 Price/ 1000 = 13 13 x 1000= 13,000 13,000 x 12= 156,000 Price / Rent = GRM 350,000/ 1,800= GRM 350,000/1800= 194 194/ 12= 16.2 16 $4,300 loan at 6% interest paid off in 8 months Total interest paid? 4300 x 0.06= 258 258/12= 21.50 21.50 x 8= $172 Loan $7,000 at 9% interest Total interest paid on the note was $945 What was the term of the loan? 7,000 x 0.09 = $630 $630/ 12 = $52.50 945 / 52.50= 18
ont the first commission question some of the math is not correct. it is very confusing. like on the second line it says .075×95,000=71,250 (thats incorrect) it should be .075×950,000=71,250. then on the third line it says 711,250×.5=35,625 (thats incorrect) it should be 71,250×.5=35,625. please correct this for those who are really bad at math mighy be sorely confused. especially becuase you sound so confidant in your answet.
For the mr fixit remodel question, what i did for anyone that wants another way... you divide the amount of months he paid off the loan in by 12 (8 divided by 12), that gives you how much percent of the year was paid, 66%. 66% of 6% interest(0.06×.66=0.396) would round to 4% interest paid. $4300×0.04= $172. Idk whats easier for people, thats what my brain did before seeing the answer. Whatever works!
“Sage obtained a loan in the amount of $20,000 and paid the mortgage lender 4 discount points and an origination fee of 2%. If the payments on the loan were $163.00 per month including 8% interest, and the average balance over 5-year period was $18,500, the gross amount earned by the lender over those 5 years was most nearly”… this is one of your questions Joe and it’s ridiculous! All this did was frustrate and discourage me. I know how to calculate commission costs and home costs but what exactly are you trying to teach us with this type of question?? Are we getting a license in financing or real estate? These questions on the exam are timed! What you are teaching is basically taking up 85% of the learning time which only has approximately 10 (math) questions on the exam. There is no standard formula as they bounce all over the place. I guarantee most are totally lost.
Prep Agent great however math problems too long check out page 11.5 for What is the GRM (gross rent multiplier formula two second problem in book Real Estate Math Plug It In by Faye Rogers Taylor exams are timed each problem less than one minute
Beautiful online explanation. I just recently subscribed to your online course. I had the great price trough my family hub Samsung app refrigerator. I got $20 off. Ti be a member Great deal. Im learning a lot. Is worth.
Joe, where did you learn how many feet are there in one acre? 43,560. Listen to your video one more time. I seriously think you are a great teacher. You are fantastic and yes you deserve a raise. But I was perplexed and confused a bit...then there is google...
