Florida Real Estate Exam Prep 49, Florida Real Estate Math Final Review

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - How to calculate acreage from a Government Survey System legal description by starting with 640 acres and dividing by the fractional parts. - The critical difference between the loan amount and the sale price when calculating the cost of discount points. - The correct application of Florida's specific documentary stamp tax rates on the deed ($0.70 per $100) and the note ($0.35 per $100), plus the intangible tax on new mortgages. - The IRV formula (Income = Rate x Value) is essential for solving all capitalization problems by isolating the variable you need to find. - How to properly calculate prorations for property taxes paid in arrears using the 365-day method, with the seller typically responsible for the day of closing. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep