Real Estate Exam [California] 25, Real Estate Math for the California Exam
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This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams.
In this episode you will learn:
- How to correctly calculate and assign debits and credits for property tax prorations.
- The multi-step process for determining an agent's commission after broker splits.
- How to calculate Loan-to-Value (LTV) ratios and down payments.
- The method for calculating California's specific property and documentary transfer taxes.
- Key formulas for capitalization rate and Gross Rent Multiplier (GRM) for income properties.
For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep
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