More Math and Some Updates on Brokerages

[Nick J.]

So I started looking for some brokerages to hang my license. I found a few that I originally thought were worth interviewing with. It turns out, their objective is very similar to a used car salesman.

I'm not too upset up about that. I understand that most brokers live by the MLM rule. Get a million agents working for you and enough of them will find their own deals and make you money. I just don't personally subscribe to that as the agent :) I'd rather work for a broker who wants quality not quantity with their agents. Agents that can and will produce but also require support as needed, not treated as a lowlife # within their organization.

I was trying not to but it looks like I'm going to resort to my existing network and find a quality broker. I was hoping to create new relationships and learn new things from others but if all they're teaching is how to get 10 people to get 10 more people, well, thats not what I'm fishing for in this pond ya know.

I was really hoping to get an interview with a particular broker but I can't get past the fact that his website really sucks and its got NO call to action. Yes, I know this may seem trivial but I just can't get over it. I'd love the opportunity to work with him and his brokerage but.......gotta get with the times ya know.

Anyways, I'm sure I'll have some great news on that topic very very soon.

Here's some math for ya. Same rules apply. Jon's, Vik's, Bill's & Will's, JScott's and JNots are NOT allowed to answer. You're more than welcome to add a separate problem if you don't want to start your own thread. I personally would LOVE to see a dedicated section where ALL RE math is at least covered in basic to intermediate basis.

These are not hard so to speak, just keeping you on your toes and for the newbs to RE, understanding that understanding math is CRUCIAL will help you succeed without a doubt.

1: Taxes are $1654.35 for the calendar year 2010. Title is transferred Aug 12th of the same year. What is the proration to the buyer and seller?

2: Property taxes are $1654.35. The first half was paid by the seller. A sale closes on Nov 13th. What is the debit & credit to buyer & seller on the settlement statement?

3: A woman pays $45,674.81 for two vacant lots. The second lot costs 63% more than the first lot. How much did each lot cost themselves?

4: Nick and his brother each bought a lot. Nick's brothers lot cost 29% more than Nicks lot which was 150ft x 210ft and cost $.60 per sq ft. What was the cost of each lot?