Real Estate Math
43,560
How many feet in an acre
Which terms defines anyone who has received their real estate license?
Real Estate Agent/Broker
Which portal allows agents to upload their executed documents?
Transaction Desk
What does POA stand for?
Power of Attorney
What type of agent's main job is to understand the home-buyers requirements and values and to present available listings to the home-buyer by conducting showings, providing industry insights, pricing, and other factors, and finally assist the home-buyer in placing an offer, negotiating, and closing?
Buyer's Agent
Total of principle, interest, taxes and insurance
Mortgage Payment
Which term defines a company which is licensed to conduct real estate activities in a given jurisdiction? All agents must be affiliated with (“hang their license at”) this place in order to practice real estate.
Brokerage
Which portal automates the showing scheduling and management process for MLSs, associations, offices, and agents?
ShowingTime
What does MLS stand for?
Multiple Listing Service
True or False: Unlicensed team members are allowed to show properties to buyer clients for agents.
False
6%
Commission to the broker
Which term defines this option for sellers to market their home for sale, providing them the ability to maintain privacy, save on commissions, test the waters or create a sense of exclusivity that could result in a higher selling price. For buyers, this mean less competition and a lower likelihood of a bidding war.
Off-market / Pocket Listing
What is the name of the that Portal that seems to give false home value ?
Zillow
DAILY DOUBLE:
What does FSBO stand for?
What term is used to describe a professional estimate/opinion on the value of real estate?
Appraisal
Business mileage in real estate you can deduct, this amount per mile for all business expenses in 2025
.70 cents
Which term defines a tool that real estate agents use to estimate the value of a specific property by evaluating similar ones that have recently sold in the same area?
Comparative Market Analysis (CMA)
Which portal allows agents to manage electronic documents, mainly through the use of e-signatures?
What does LTV stand for?
Loan to Value Ratio
What is the typical commission percentage paid by the seller to an agent for selling their home?
3%
Percentage of the property that is mortgaged
LTV - Loan to Value
Which term defines a valuable marketing strategy that involves planting, nurturing and cultivating real estate leads that grow into future business? This is typically done in an area close to an agents home, where your connection to the community is strongest.
Farming
Where in the MLS can you find the current home information, home history and tax information?
Realist
What does CC&R's stand for?
Covenants, Conditions, and Restrictions
What covers the legal costs and expenses in defending an agent that is accused of providing inadequate advice or services to their client, breached their fiduciary duty, or otherwise making alleged errors when conducting business?
Errors & Omissions (E&O) Insurance