Real Estate
Calculator
Flash Cards
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permission from Real Smart. Rev 01/11
1
Remember… you can take the math, law or the entire course
through our E-Learning Online
www.realestatetrainingbc.om
Real Smart © ® All Real Smart material is copyrighted & trademarked. No material may be used without express written
permission from Real Smart. Rev 01/11
2
Setting the Calculator Hold down the following 3 buttons in this order…
ON
N
FV

Then let go … …

Wait for… all clear
Real Smart © ® All Real Smart material is copyrighted & trademarked. No material may be used without express written
permission from Real Smart. Rev 01/11
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Separately…touch these keys
Touch the Shift Key (then let go)
= Touch the Equal Sign (then let go)
. Touch the Period Key (then let go)
A
“0”
will appear and you are ready to go again!
Real Smart © ® All Real Smart material is copyrighted & trademarked. No material may be used without express written
permission from Real Smart. Rev 01/11
4
Q.
What are the 3 things you do once you have found Pmt?
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permission from Real Smart. Rev 01/11
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Answer:
1.
_____
2.
+/-
3.
PMT
Round Pmt up 1 penny (ALWAYS)
Re-enter into Pmt
Real Smart © ® All Real Smart material is copyrighted & trademarked. No material may be used without express written
permission from Real Smart. Rev 01/11
6
Q.
What is the formula for
Interest Accruing?
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permission from Real Smart. Rev 01/11
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“stop what you’re doing”
Interest accruing #759
J 12
__ = 12
__ %
12
Nom
t?
a
h
12
P\yr W
Eff
1
500,000
P\yr
Nom
5
N
 Nom
? PV
+/- FV “end”
0
Pmt
12.6825030132 %
$275,224.81 PV
Real Smart © ® All Real Smart material is copyrighted & trademarked. No material may be used without express written
permission from Real Smart. Rev 01/11
8
Q.
Q:
GDS
What is the formula
to Find Income?
Real Smart © ® All Real Smart material is copyrighted & trademarked. No material may be used without express written
permission from Real Smart. Rev 01/11
9
GDS: Find Income
Find Income necessary to get a loan of $66,000
P.I.
8844.96
2 = 13.5 %
J__
13.5
2
__
12
Nom
P\yr
Eff
P\yr
Nom
13.1352…%
( 30 x 12 )
360

66,000
0
?
Go
Find Pmt
+
+
?
P
T
1500 = $10,344.96
÷
Income
N
Nom
PV
FV
Pmt
? I
G
x
( - taxes)
P
G
10,344.96
30%
=
GDS
30%
$34,483.20
737.07…
737.08 x 12 = $8844.96
Real Smart © ® All Real Smart material is copyrighted & trademarked. No material may be used without express written
permission from Real Smart. Rev 01/11
10
Q.
On a Statement of Adjustment for the Vendor, who would
pay the tax adjustment, the Vendor or Purchaser, if the
adjustment date was before July 1st?
Real Smart © ® All Real Smart material is copyrighted & trademarked. No material may be used without express written
permission from Real Smart. Rev 01/11
11
Answer:
The Vendor will owe the Purchaser for the number of days
the vendor lived there from Jan 1st to one day before
Completion.
Because the Purchaser Pays Possession day.
PPP
Real Smart © ® All Real Smart material is copyrighted & trademarked. No material may be used without express written
permission from Real Smart. Rev 01/11
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Tax Adjustment
If sale is “Before” July 1st…… Vendor Pays
Vendor Pays March 16
P.P.P
1 day before
Jan 1
July 1st
$1500
Dec 31
Vendor
D
C
Jan
Feb
Mar
Total
31
28
15
74 Days
Tax
$304.11
74 ÷ 365 = x 1500 = $304.11
Real Smart © ® All Real Smart material is copyrighted & trademarked. No material may be used without express written
permission from Real Smart. Rev 01/11
13
Sandy Brown
Real Smart Inc.
#106 – 16055 Fraser Hwy,
Surrey, B.C. V4N 0G2
Web: www.realsmart.ca
Email: sandy@realsmart.ca
Remember… our E Learning Online Course
www.realslmart.ca - Online
Real Smart © ® All Real Smart material is copyrighted & trademarked. No material may be used without express written
permission from Real Smart. Rev 01/11
14