OK, so if you know me, you know I've always been somewhat of a math nerd... I love math! It makes sense, it doesn't change, there is a right and a wrong answer, and sometimes there are many different ways to come up with the right answer.
There are so many different things you need to be able to calculate in math to be a successful agent.
Simple interest, be able to calculate a monthly payment, calculate the ROI, or the capitalization rate, are just a few of the things an agent needs to be able to do. Fortunately, this is a pleasure for me. With a background in Financial Analysis at one of the largest mortgage bankers, my division was able to assist them in producing an average of $445 Million per month loan production, with a HIGH month of about $550 Million.
The best thing about Real Estate, is that you have many backups. You have lenders, and loan officers that will confirm your numbers, and even be able to give better estimates and more accurate market interest rates and monthly payments. You also have escrow and title companies that confirm these numbers as well. That's not to say that mistakes NEVER happen. They do occasionally occur, so it is up to the agent and the borrower to confirm all numbers and verify their accuracy.
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