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Basic Real Estate Math Flashcards
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Total commission
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Sales price × commission rate
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1 / 13
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Terms in this set (13)
Total commission
Sales price × commission rate
Percentage
Part per 100
Percentage to decimal conversion
Move the decimal point two places to the left and drop the "%"; 5% = 0.05
Decimal to percentage conversion
Move the decimal point two places to the right and add a "%"; 0.05 = 5%
One mile
5,280 feet
One yard
Three feet
One square foot
144 square inches
One acre
43,560 square feet
One square mile
640 acres
Area of a rectangle or square
Length × width
Area of a triangle
(.5 × base) × height
Area of an irregular shape
Divide the shape into rectangles, squares, and/or triangles, then calculate each area and sum
Price per square foot
Sales price ÷ area
