Test Prep Blog for the Real Estate License Exam

Depreciation Formulas for Real Estate

Depreciation, net book value, obsolescence… When properties start to lose value, and you want to estimate that loss, the math can get complicated sometimes. But even if the number of formulas seems to be overwhelming, we are here to help you! In the chart below, you’ll find the essential depreci...

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Measurement Formulas for Real Estate

If you are preparing for the Real Estate License Exam, then you need to be aware of the importance of measurement formulas. The cost of a property is often linked to its area and perimeter. But each different shape has a different way of calculating its dimensions. That’s why Union Test Prep has ...

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Real Estate Formulas for Percentages, Interest, and Mortgages

The daily job of a real estate licensee involves calculating commissions, rates of return, simple and compound interest, down payments, loan-to-value, and many more. To ace your Real Estate Test, you’ll need to know how to calculate percentages, interest, and mortgages, and here at Union Test Pre...

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Real Estate Tax and Credit Formulas

Some of the most important calculations done in Real Estate involve determining taxes and credit. Sometimes these calculations can be confusing, especially when preparing for the Real Estate test. That’s why Union Test Prep has prepared an awesome chart for you with all the essential formulas, y...

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Real Estate No-Nos, Penalties, and Enforcement of the Rules

Purchasing or selling real estate can be fraught with uncertainty, especially if it is your first time going through the process. However, certain actions are ill-advised and some can have rather severe penalties. Before moving forward with the real estate transaction process, it’s a good idea t...

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Recent Posts

Depreciation Formulas for Real Estate

Depreciation, net book value, obsolescence… When properties start to lo…

Measurement Formulas for Real Estate

If you are preparing for the Real Estate License Exam, then you need to…

Real Estate Formulas for Percentages, Interest, and Mortgages

The daily job of a real estate licensee involves calculating commission…