The Math
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Welcome to the course!
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The Real Estate Business
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Law & Qualifications
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License Law And Commission Rules
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Authorized Relationships, Duties, And Disclosure
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Brokerage Offices and Branch Requirements
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Violations Of License Law, Penalties And Procedures
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Chapter 8
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Property Rights
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Title, Deeds And Ownership Restrictions
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Legal Descriptions
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Real Estate Contracts
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Residential Mortgages
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Types of mortgages
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Real Estate Related Computations And Closing Of Transactions
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The Real Estate Markets And Analysis
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Real Estate Appraisal
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Real Estate Investments And Business Opportunity Brokerage
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Taxes Affecting Real Estate
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Planning, Zoning And Environmental Hazards
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Course Assessments
FLORIDA REAL ESTATE SALES ASSOCIATE COURSE
Legal Descriptions
Section 13 of 17
A question on an exam may be: How many acres is SW¼, NE¼, SE¼, NW¼ of a certain section? We know that a sections is 640 acres. There are 2 ways to get the answer. The first way: 640 ÷ 4 = 160; 160 ÷ 4 = 40; 40 ÷ 4 = 10; 10 ÷ 4 = 2.5 or 640 ÷ 4 ÷ 4 ÷ 4 ÷ 4 = 2.5 acresThe second way is Multiply the denominators of each fraction together and then divide 640 by the result: 4 × 4 × 4 × 4 = 256640 ÷ 256 = 2.5 acresOn the exam, you may also be required to find the total acreage of a parcel with a legal description that contains the word "AND" within the description.EXAMPLE: The SE¼ of the NW¼ and NE¼ of the SW¼ of a certain section contain how many acres?If the description has the word "AND", you must calculate the two sides separately and add them together.Example: "The N 1/2 of the NW 1/4 AND the SW 1/4 of the NW 1/4."Part 1: 640 / 2 / 4 = 80 acres.Part 2: 640 / 4 / 4 = 40 acres.Total: 80 + 40 =120 Acres.
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