Man..... your teaching is really going to resonate with the masses. The patience, the rhythm a perfect speed nothing stressful in your approach it's definitely going to make a lot of people's lives easier not only in real estate but if you do other math people are going to gravitate towards this channel. God bless you're a math hero! Lol
First we’re figuring the gross commission paid to both listing broker and buyers agent broker. And then we take half of that which is the 50%. That’s the amount paid to each of the brokers. Now that we have only the amount of commission paid to the selling broker, the agent gets 70% of that amount. So that’s why we start off using the 50% of the total gross commission. And then we break that down into what the broker keeps, and how much the agent gets paid.
If people like if I they will do the like. I did the already, of course. But they do not like they I will unlike it later.. So first do the like... Then probably at the end they will subscribe. I already did it!
Mr Goforth. God bless you, your endeavors and every follower on your channel. I took my exam this morning and passed on the first try thanks to your videos. I went through champions school online and it was sooooo tough I was still confused until I followed you and one other channel. Thank you for being so willing to help others. 🙏🏾🤞🏾
It was a lot of help last time. I didn’t pass the previous 7times, but only math was collected after watching this video for the last test. Today is my Eighth try.❤😂
Boy do I love real estate math. Because its not impossible. That last math problem I just took 4875 ÷ 6500 and got .75 which left .25 the difference to .100. 😂😂
So on the question that states “ if a borrower pays $2100 in interest per quarter on a straight note of $140,000,the interest rate is: you could simplify this so much easier for people to understand,,just say “MULTIPLY $140,000 by each of the shown percentages one at a time ,whatever equals the annual rate of $2100x 4= $8,400 is your rate “bam done ,two steps
@@jonathangoforthshow7427 My man I’m glad I could help 🙏❤️❤️I usta struggle the math because of the way it was taught but I promise it’s easier than it looks my man,be patient and you’ll get it down
on this question, that $2100 is paid quarterly. So we take that times "4" to get an annual amount. because there are 4 quarters in a year. it's a tricky question because that one did quarters instead of months.
We use the terms for the same thing. So whenever you hear of a realtor serving as the "selling agent" that's the buyer's agent. It gets confusing because you'd think the selling agent would represent the seller. Most of us just use "listing agent" and "buyer's agent". so yes the "selling agent" is the same thing as the "buyer's agent".
This confused me not because of the math itself but because of the phrasing. 70% of the total commission is what the question is asking us to solve for. So 70% of $24,500 is $17,150…what you did was take 70% of the selling agent’s HALF. The question seems to imply we should be solving for 70% of the TOTAL 7% commission. What am i missing?
light bulb just went off. the listing broker and listing salesperson represent the seller. The selling broker and selling salesperson are representing the buyer, because they are procuring the sale. Just the way you explained it helps me understand this finally.
Hi Jonathan! Thank you so much for all your videos. It puts more confidence in me that I can pass on the first try. Also, my instructor says they don’t ask any math questions. Do you know if that’s true? Or is it just true for CA?
Just a comment regarding calculators - in Colorado, you cannot bring in your own calculator, and the only calculator you can use is the one they offer on the computer. There was no % button so for everything dealing with percentages, you had to use the decimal point figuration. Not that it's difficult, but when you are already a bit stressed out by taking the exam it makes it more so… Practice doing your math on the computer using only decimal points
Do PSI let you know if you answered each question correct or incorrect right away before going to the next question or you have to wait to the end until you submit it with the final results?
I really enjoy your videos. I’ll be taking the OK State RE exam next Wednesday, Aug 31. A quick comment I have is on question #3. I think something you might want to emphasize on future math video is, “What would you have to do if you calculated a math question backwards and a backwards answer choice is included in the multiple choice. So let’s say question #3 answers were: A. 15% B. 25% C. 4% D. 33% That is likely to happen. Thanks!
Math really is fascinating (but thank goodness real estate math doesn't seem to be anything crazy lol)...for the 25% solution, I subtracted 4875 from 6500 and just multiplied 6500 by each percent until it gave me 1625. Thank you for making these videos I am so excited to become a broker.
