Principles of Real Estate II Key Terms
(ACEABLE AGENT) - Level 1 Real Estate
Math Questions And Complete Answers
Percentage a fraction with a denominator of 100; usually written as just the numerator and
a % symbol
Profit a financial gain; making more money selling a product than buying or producing
the product
Loss a financial loss; making less money selling a product than buying or producing the
product
Interest money repaid regularly at a specified rate as compensation for money lent
Principal the amount lent to a borrower to purchase a house
, Principles of Real Estate II Key Terms
(ACEABLE AGENT) - Level 1 Real Estate
Math Questions And Complete Answers
Mortgage a secured loan that is tied to real estate, where the borrower has to pay the
money back to the lender on a set schedule and amount of payments; also "liens against
property" or "claims on property"
Down Payment the initial payment made when buying something on credit; paid directly
by the buyer to the seller
Amortization repayment of a loan principal over time passed on a predetermined schedule
of payments
Greatest Common Divisor the largest number that divides both the denominator and the
numerator to reduce fractions to their simplest form
Part a portion of the total amount; the numerator (3 of 3/4)
Total the "final" or "end result" number; the denominator (4 of 3/4)
(ACEABLE AGENT) - Level 1 Real Estate
Math Questions And Complete Answers
Percentage a fraction with a denominator of 100; usually written as just the numerator and
a % symbol
Profit a financial gain; making more money selling a product than buying or producing
the product
Loss a financial loss; making less money selling a product than buying or producing the
product
Interest money repaid regularly at a specified rate as compensation for money lent
Principal the amount lent to a borrower to purchase a house
, Principles of Real Estate II Key Terms
(ACEABLE AGENT) - Level 1 Real Estate
Math Questions And Complete Answers
Mortgage a secured loan that is tied to real estate, where the borrower has to pay the
money back to the lender on a set schedule and amount of payments; also "liens against
property" or "claims on property"
Down Payment the initial payment made when buying something on credit; paid directly
by the buyer to the seller
Amortization repayment of a loan principal over time passed on a predetermined schedule
of payments
Greatest Common Divisor the largest number that divides both the denominator and the
numerator to reduce fractions to their simplest form
Part a portion of the total amount; the numerator (3 of 3/4)
Total the "final" or "end result" number; the denominator (4 of 3/4)
