14: Other Calculations

You must first complete 13: Real Estate Math Review before viewing this Lesson
Please sign up for the course before starting the lesson.

Condominium Assessment Calculation Formula:          Monthly assessment = (Total annual building budget x Condo unit % of value)÷12 Example: Assume a condominium complex with a $300,000 budget and a unit that comprises 1.48% of the total value of the complex. Monthly assessment? ($300,000 x .0148)÷12 = $370 monthly assessment. Contracts for the […]

Back to: 90 Hour Real Estate Sales Person Licensing Program ONLINE > Agent Pre-Licensing Review
© Copyright - Dodd's School of Real Estate
13: Real Estate Math Review15: Investment & Real Estate Taxation Calculations