@@JustCallMaggie Thank you, here is the question I was given. It's not from your book. I actually just purchased your book today! 1. John Bellows earns an 8% commission on the first $75,000 of sales for the month and 3% on all sales exceeding that amount. If Mr. Bellows sold houses totaling $162,100 for the month, how much more would he have earned at a straight 6% commission? Thanks again!
@@nakeamorris25 nice! Ok here it goes: $75,000 x 0.08 = $6,000. Then, I subtracted $162,100-$75,000 = $87,100. Then I multiplied $87,000 x 0.03 and got $2,613. So the total commission is $6,000 + $2,613 = $8,613. So then $162,100 x 0.06 = $9,726. Last step is $9,726-$8,613 = $1,113 more at straight 6%.
@@JustCallMaggie from basic to advance, starting from arithmetic to advance math. i would say from first grade to 12th grade or collage math. because the way you explain is so amazing, it directly sticks to the brain.
@@ViralGamers1 wow! Best compliment ever! Thank you. I was actually thinking of starting another TH-cam channel for just math from mostly 6th grade math to algebra 2. That's really where my love for math is. What do you think about that?
Great, I will be the first one to watch your videos everyday and suggest your channel to others. best of luck and can't wait to see your new channel on maths. love, peace.@@JustCallMaggie
and don't forget to have as many practice questions on each video so that every viewer practice the questions at the same time of learning. and i found out that your videos helped not search google anymore. just to watch your videos. @@JustCallMaggie
@@JustCallMaggie No the question on the exam said a down payment amount and then it said the lender also charged 2 points. Do you add them up to find what the buyer owes at the beginning? Or just use the down payment percentage given
@@zackallen2392 what are they asking to calculate? If they ask for buyer's total cost at closing, then yes you would add down payment and discount points cost. Remember, discount points are a way to lower interest rate and is paid at closing, so it's considered pre-paid interest and therefore will be added to down payment as a total cost due from the buyer at closing.
I have a question: If I were to purchase your math book. Is that book organized in the type of math problems. Not scattered with problems. Like 10 questions in a row with LTV
Ok. Which e book would you recommend purchasing first I see two the bundle for 39.00 or the volume 2 for 24.99 regarding the math. Which way is the best option. Does one book have all the math questions and the list on what I need to know. Or do I need to purchase both at the same time the 39.00 bundle and the 24.99 volume 2. I just want clarity on this. Thanks.
@JustCallMaggie one more question. When you mention state in this video. Does that mean LTV and the other approaches in this video pertain the state portion of the exam. Not the national but the state Just having you clarify this part for me.
@@joyking1033 good question! I say state referring to any state’s testing requirements (state/national portion), so whether it’s the state portion or the national portion, it’s still worked out the same way. I hope that helps. Florida just has a state exam with national concepts so I may have just said that but I meant any of the portions that have math. Oh god I hope I’m making sense 🤪
Hello, I took my exam today and failed by 4 points. I got confuse with the calculation part. They had questions asking for how much money theclient would have to bring up front. They had something like if a Mortgage has been accepted for 400,000, with a down payment of 20%. The lender points are 1.5. How much the buyer has to bring upfront? And I got it wrong can you explain that to me pleaseeee I have been watching your videos on points and I thought I had it down.
Hi. Sorry to hear that. I explain everything about that question in this video 👉 th-cam.com/video/1YviqlqgI1w/w-d-xo.htmlsi=4h92gTttM5XNvYFW Hope that helps! 🤓🫶
@@JustCallMaggie Thank you for replying I’ll keep you updated, appreciate the great videos. I passed the State part, hopefully your videos help me pass the National exam on my second attempt!
![BOWKYLION - วิงวอน (ex-change) [Official MV]](http://i.ytimg.com/vi/cLdnZWDaO-w/mqdefault.jpg)
Click here to watch our video on how to solve Loan-to-Value (LTV) problems: th-cam.com/video/Na0wTpS_TRQ/w-d-xo.html
You are indeed a Rock Star! Thanks you so much! I enjoyed it every step of the way!
This is so sweet. Thank you very much 🫶🤓
You must be the real estate tutor that has ever walked on this earth am 41 and it’s now that I start understanding maths
@@mariame3586 this is hilarious. Thank you. I’m glad to hear you’re understanding the math a little better. Good luck on your exam!!
Thank you Maggie for your videos, the way you break down formulas is easier for me to understand. :)
@@Lynnz86 Thank you. I appreciate that. Best of luck to you.
Thank you very much for teaching me how to deal with Mathematic method that i learned a lot from you appreciated Maggie.
@@sallytan4207 Thank you for your kind words. I appreciate it. I’m glad to help. Good luck to you!! 🤓🫶
I really have enjoyed your teaching strategies!
Thank you so much. I really appreciate that. Glad to help 🤓
Thank you so much! I understand what to do better now!
@@gf80096 love this!!! Way to put it together. You got this!
Great video as always! Do you take real estate math word problem request? I'm having trouble with a couple of commission problems.
Thank you! Yes, absolutely I take requests lol. Can you copy/paste it here? Or maybe email it to me at justcallmaggie@gmail.com
@@JustCallMaggie Thank you, here is the question I was given. It's not from your book. I actually just purchased your book today!
1. John Bellows earns an 8% commission on the first $75,000 of sales for the month and 3% on all sales exceeding that amount. If Mr. Bellows sold houses totaling $162,100 for the month, how much more would he have earned at a straight 6% commission?
Thanks again!
@@nakeamorris25 ok, this one is a little tricker but before I go into the explanation, can you tell me if the answer is $1,113 more at a straight 6%?
@@JustCallMaggie Yes that is correct!
@@nakeamorris25 nice! Ok here it goes: $75,000 x 0.08 = $6,000. Then, I subtracted $162,100-$75,000 = $87,100. Then I multiplied $87,000 x 0.03 and got $2,613. So the total commission is $6,000 + $2,613 = $8,613. So then $162,100 x 0.06 = $9,726. Last step is $9,726-$8,613 = $1,113 more at straight 6%.
You're a gem! Thank you.
You’re so kind. Thank you. 🤓🫶
Awesome!!!!
@@Cassh8 🤓🫶
Wow, amazing videos, I would love to see your future videos on specific math classes from basic to advance. thank you for your time and best methods.
Thank you. I’m curious, what type of math classes are you interested in seeing?
@@JustCallMaggie from basic to advance, starting from arithmetic to advance math. i would say from first grade to 12th grade or collage math. because the way you explain is so amazing, it directly sticks to the brain.
@@ViralGamers1 wow! Best compliment ever! Thank you. I was actually thinking of starting another TH-cam channel for just math from mostly 6th grade math to algebra 2. That's really where my love for math is. What do you think about that?
Great, I will be the first one to watch your videos everyday and suggest your channel to others. best of luck and can't wait to see your new channel on maths. love, peace.@@JustCallMaggie
and don't forget to have as many practice questions on each video so that every viewer practice the questions at the same time of learning. and i found out that your videos helped not search google anymore. just to watch your videos. @@JustCallMaggie
Very much helpful. Thank you
Glad to help. Best of luck to you and thank you for your kind words.
Where was that T chart in 3rd grade! I could have been an engineer!
Right?! The way I literally lol on this comment! Thank you for the laughs. You’re awesome. Glad to help.
It good I can view because sound goes high and very low, please fix for future.
Thank you. This was one of my first videos.
What if at the end of the question it says the lender charges points? Do you include the points?
If it asks how much did buyer pay in discount points, then yes. 🤓
@@JustCallMaggie No the question on the exam said a down payment amount and then it said the lender also charged 2 points. Do you add them up to find what the buyer owes at the beginning? Or just use the down payment percentage given
@@zackallen2392 what are they asking to calculate? If they ask for buyer's total cost at closing, then yes you would add down payment and discount points cost. Remember, discount points are a way to lower interest rate and is paid at closing, so it's considered pre-paid interest and therefore will be added to down payment as a total cost due from the buyer at closing.
I have a question: If I were to purchase your math book. Is that book organized in the type of math problems. Not scattered with problems.
Like 10 questions in a row with LTV
The questions are scattered in the back but the LTV questions in the section are all together to explain the concept.
Ok. Which e book would you recommend purchasing first I see two the bundle for 39.00 or the volume 2 for 24.99 regarding the math. Which way is the best option.
Does one book have all the math questions and the list on what I need to know. Or do I need to purchase both at the same time the 39.00 bundle and the 24.99 volume 2. I just want clarity on this. Thanks.
The bundle will cover all the concepts where as Volume 1 is the basic concepts.
Ok Thank you
@@joyking1033 no problem
@JustCallMaggie one more question. When you mention state in this video. Does that mean LTV and the other approaches in this video pertain the state portion of the exam. Not the national but the state
Just having you clarify this part for me.
@@joyking1033 good question! I say state referring to any state’s testing requirements (state/national portion), so whether it’s the state portion or the national portion, it’s still worked out the same way. I hope that helps. Florida just has a state exam with national concepts so I may have just said that but I meant any of the portions that have math. Oh god I hope I’m making sense 🤪
Hello, I took my exam today and failed by 4 points. I got confuse with the calculation part. They had questions asking for how much money theclient would have to bring up front. They had something like if a Mortgage has been accepted for 400,000, with a down payment of 20%. The lender points are 1.5. How much the buyer has to bring upfront? And I got it wrong can you explain that to me pleaseeee I have been watching your videos on points and I thought I had it down.
Hi. Sorry to hear that. I explain everything about that question in this video 👉 th-cam.com/video/1YviqlqgI1w/w-d-xo.htmlsi=4h92gTttM5XNvYFW Hope that helps! 🤓🫶
@@JustCallMaggie Thank you for replying I’ll keep you updated, appreciate the great videos. I passed the State part, hopefully your videos help me pass the National exam on my second attempt!
I don’t know how to thank you ,may be I will meet you in person
@@mariame3586 🤗
I don’t know how to thank you ,may be I will meet you in person
@@mariame3586 your support means so much. Thank you! I’d love to meet you one day too.