Solving Real Estate Math Problems
Let’s say you’re touring a new home with a buyer, and she asks you for the square footage of the living room. You know the length and width. What do you do? Your buyer also has $60,000 to put down and wants to know how much house she can afford with an 80/20 loan to value. Can you answer her?
Can you help an investor determine income potential if you know the going rate and value? Can you read an amortization table? In this course, you'll practice solving just these kinds of problems.
Course objectives include:
- Demonstrate basic computational skills using fractions, decimals, percentages, and interest rates.
- Apply basic computational skills to real estate tasks such as: calculation of area, prorations, loan amortization, and calculation of monthly payments.
State Requirements For Washington
Washington State Requirement Details for Real Estate Pre-Licensing Education
Hours Required by the State: 90 hours
- Real Estate Fundamentals (60-hour course)
- Real Estate Practices (30-hour course)
Pre-Licensing Final Exams: Final exams must be passed with a minimum of 70% and may be taken as many times as necessary.
Licensing Exam: The licensing exam is administered by PSI. Registration for the state licensing exam is an entirely separate process from proctoring for your course final exam. For instructions to register for your state licensing exam and further information, please click here.
Washington State Department of Licensing
Street Address: 2000 Fourth Avenue West, Olympia, WA 98502
Mailing Address(Forms with no payments): P.O. Box 9021, Olympia, WA 98507-9021
Mailing Address(Forms with payments): P.O. Box 3917, Seattle, WA 98124-3917
Telephone: 360.664.6488
Fax: 360.586.0998
Washington State Department of Licensing Website