Real Estate Math: Down Payment Problem Solving | Just Call Maggie

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Unlock your success on the real estate state exam with our comprehensive video guide: ‘Mastering Down Payment Problem Solving with the T-Method.’ Join Maggie Relloso, a licensed Florida real estate instructor, as they break down the complexities of down payment scenarios. Gain expert tips, techniques, and strategies to tackle challenging exam questions with ease.
In this engaging video, you’ll learn how to calculate the amount of the down payment when given a percentage and purchase price, determine the down payment percentage when given the purchase price and down payment amount, and find the total sales price when given the down payment amount and down payment percentage.
Utilizing the powerful T-Method, a step-by-step problem-solving approach, you’ll discover how to dissect down payment questions effortlessly. Gain a deep understanding of down payments, sales prices, and down payment percentages, and strengthen your real estate knowledge.
With a friendly and conversational tone, Maggie shares practical examples, walks you through sample questions, and provides insightful explanations. Additionally, they mention a linked video in the description, which delves further into the T-Method for a comprehensive learning experience.
Whether you’re an aspiring agent or seeking to enhance your real estate expertise, this video equips you with the essential skills needed to ace the down payment scenarios on your real estate state exam. Boost your confidence, sharpen your problem-solving abilities, and gain valuable insights into the Florida real estate market.
Don’t miss out on this valuable resource for real estate exam preparation. Subscribe to our channel for more tips, tricks, and industry insights. Get ready to conquer down payment problem solving and take a significant step towards real estate success!
Click here to watch our video about the T-Method and how to use it for almost 75% of the questions on the real estate math portion of the state exam: • The T-Method: The Secr...
Get our e-workbook, “Math Skills for Real Estate Success” that will help you understand and walk you step-by-step through over 10 math concepts on the state exam. Get over 100 math practice questions here: justcallmaggie.com/product/ma...
Subscribe to our channel: @JustCallMaggie
Get your real estate license with us at Maggie's Real Estate Academy, LLC here: justcallmaggie.com
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Опубликовано:

30 июл 2023

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Комментарии : 48

@JustCallMaggie Год назад

Click here to watch our video on how to solve Loan-to-Value (LTV) problems: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-Na0wTpS_TRQ.html

@euniceibeh2873 9 месяцев назад

You are indeed a Rock Star! Thanks you so much! I enjoyed it every step of the way!

@JustCallMaggie 9 месяцев назад

This is so sweet. Thank you very much 🫶🤓

@michaelhayes8515 10 месяцев назад

I really have enjoyed your teaching strategies!

@JustCallMaggie 10 месяцев назад

Thank you so much. I really appreciate that. Glad to help 🤓

@maria-xf2vb 2 месяца назад

You're a gem! Thank you.

@JustCallMaggie 2 месяца назад

You’re so kind. Thank you. 🤓🫶

@kemyk3332 2 месяца назад

Very much helpful. Thank you

@JustCallMaggie 2 месяца назад

Glad to help. Best of luck to you and thank you for your kind words.

@Cassh8 День назад

Awesome!!!!

@JustCallMaggie 5 часов назад

@@Cassh8 🤓🫶

@KarenGregoryk 9 месяцев назад

Where was that T chart in 3rd grade! I could have been an engineer!

@JustCallMaggie 9 месяцев назад

Right?! The way I literally lol on this comment! Thank you for the laughs. You’re awesome. Glad to help.

@nakeamorris25 Год назад

Great video as always! Do you take real estate math word problem request? I'm having trouble with a couple of commission problems.

@JustCallMaggie Год назад

Thank you! Yes, absolutely I take requests lol. Can you copy/paste it here? Or maybe email it to me at justcallmaggie@gmail.com

@nakeamorris25 Год назад

@@JustCallMaggie Thank you, here is the question I was given. It's not from your book. I actually just purchased your book today! 1. John Bellows earns an 8% commission on the first $75,000 of sales for the month and 3% on all sales exceeding that amount. If Mr. Bellows sold houses totaling $162,100 for the month, how much more would he have earned at a straight 6% commission? Thanks again!

@JustCallMaggie Год назад

@@nakeamorris25 ok, this one is a little tricker but before I go into the explanation, can you tell me if the answer is $1,113 more at a straight 6%?

@nakeamorris25 Год назад

@@JustCallMaggie Yes that is correct!

@JustCallMaggie Год назад

@@nakeamorris25 nice! Ok here it goes: $75,000 x 0.08 = $6,000. Then, I subtracted $162,100-$75,000 = $87,100. Then I multiplied $87,000 x 0.03 and got $2,613. So the total commission is $6,000 + $2,613 = $8,613. So then $162,100 x 0.06 = $9,726. Last step is $9,726-$8,613 = $1,113 more at straight 6%.

@ViralGamers1 4 месяца назад

Wow, amazing videos, I would love to see your future videos on specific math classes from basic to advance. thank you for your time and best methods.

@JustCallMaggie 4 месяца назад

Thank you. I’m curious, what type of math classes are you interested in seeing?

@ViralGamers1 4 месяца назад

@@JustCallMaggie from basic to advance, starting from arithmetic to advance math. i would say from first grade to 12th grade or collage math. because the way you explain is so amazing, it directly sticks to the brain.

@JustCallMaggie 4 месяца назад

@@ViralGamers1 wow! Best compliment ever! Thank you. I was actually thinking of starting another RU-vid channel for just math from mostly 6th grade math to algebra 2. That's really where my love for math is. What do you think about that?

@ViralGamers1 4 месяца назад

Great, I will be the first one to watch your videos everyday and suggest your channel to others. best of luck and can't wait to see your new channel on maths. love, peace.@@JustCallMaggie

@ViralGamers1 4 месяца назад

and don't forget to have as many practice questions on each video so that every viewer practice the questions at the same time of learning. and i found out that your videos helped not search google anymore. just to watch your videos. @@JustCallMaggie

@azawrrr 9 месяцев назад

It good I can view because sound goes high and very low, please fix for future.

@JustCallMaggie 9 месяцев назад

Thank you. This was one of my first videos.

@zackallen2392 7 месяцев назад

What if at the end of the question it says the lender charges points? Do you include the points?

@JustCallMaggie 7 месяцев назад

If it asks how much did buyer pay in discount points, then yes. 🤓

@zackallen2392 7 месяцев назад

@@JustCallMaggie No the question on the exam said a down payment amount and then it said the lender also charged 2 points. Do you add them up to find what the buyer owes at the beginning? Or just use the down payment percentage given

@JustCallMaggie 7 месяцев назад

@@zackallen2392 what are they asking to calculate? If they ask for buyer's total cost at closing, then yes you would add down payment and discount points cost. Remember, discount points are a way to lower interest rate and is paid at closing, so it's considered pre-paid interest and therefore will be added to down payment as a total cost due from the buyer at closing.

@joyking1033 6 месяцев назад

I have a question: If I were to purchase your math book. Is that book organized in the type of math problems. Not scattered with problems. Like 10 questions in a row with LTV

@JustCallMaggie 6 месяцев назад

The questions are scattered in the back but the LTV questions in the section are all together to explain the concept.

@joyking1033 6 месяцев назад

Ok. Which e book would you recommend purchasing first I see two the bundle for 39.00 or the volume 2 for 24.99 regarding the math. Which way is the best option. Does one book have all the math questions and the list on what I need to know. Or do I need to purchase both at the same time the 39.00 bundle and the 24.99 volume 2. I just want clarity on this. Thanks.

@JustCallMaggie 6 месяцев назад

The bundle will cover all the concepts where as Volume 1 is the basic concepts.

@joyking1033 6 месяцев назад

Ok Thank you

@JustCallMaggie 6 месяцев назад

@@joyking1033 no problem

@joyking1033 6 месяцев назад

@JustCallMaggie one more question. When you mention state in this video. Does that mean LTV and the other approaches in this video pertain the state portion of the exam. Not the national but the state Just having you clarify this part for me.

@JustCallMaggie 6 месяцев назад

@@joyking1033 good question! I say state referring to any state’s testing requirements (state/national portion), so whether it’s the state portion or the national portion, it’s still worked out the same way. I hope that helps. Florida just has a state exam with national concepts so I may have just said that but I meant any of the portions that have math. Oh god I hope I’m making sense 🤪

@elyeb4982 Месяц назад

Hello, I took my exam today and failed by 4 points. I got confuse with the calculation part. They had questions asking for how much money theclient would have to bring up front. They had something like if a Mortgage has been accepted for 400,000, with a down payment of 20%. The lender points are 1.5. How much the buyer has to bring upfront? And I got it wrong can you explain that to me pleaseeee I have been watching your videos on points and I thought I had it down.

@JustCallMaggie Месяц назад

Hi. Sorry to hear that. I explain everything about that question in this video 👉 ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-1YviqlqgI1w.htmlsi=4h92gTttM5XNvYFW Hope that helps! 🤓🫶

@elyeb4982 Месяц назад

@@JustCallMaggie Thank you for replying I’ll keep you updated, appreciate the great videos. I passed the State part, hopefully your videos help me pass the National exam on my second attempt!