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URL:https://www.learndesk.us/class/6697955492888576/lesson/2a5ef37237be0bd6739da8031bbf1c0d?ref=outlook-calendar
SUMMARY:Real Estate Applications
DTSTART;TZID=America/Los_Angeles:20260515T190000
DTEND;TZID=America/Los_Angeles:20260515T200000
LOCATION:https://www.learndesk.us/class/6697955492888576/lesson/2a5ef37237be0bd6739da8031bbf1c0d?ref=outlook-calendar
DESCRIPTION: 
Legal descriptions
Listing agreements
Brokerage business
Sales contracts
Appraisal
Finance
Investments
Taxation
Closings

Legal descriptions
Fractions of sections, acres, and linear dimensions



Fraction
# Acres
Feet X Feet


1 section
640 acres
5280 X 5280


1/2 section
320 acres
5280 X 2640


1/4 section
160 acres
2640 X 2640


1/8 section
80 acres
2640 X 1320


1/16 section
40 acres
1320 X 1320


1/32 section
20 acres
660 X 1320


1/64 section
10 acres
660 X 660



Calculating the area in acres from the legal description 1. Formula:
(1) First multiply all the denominators of the Section fractions in the legal description together(2) Then divide 640 by the resulting product.
2. Examples:
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Listing agreements 
Co-brokerage commission
1. Formulas: sale price x commission rate = total commission total commission x split rate = co-brokerage commission
2. Example: A house sells for $600,000. The commission is 6%, and the co-brokerage split is 50-50. $600,000 x 6% = $36,000 total...

https://www.learndesk.us/class/6697955492888576/lesson/2a5ef37237be0bd6739da8031bbf1c0d?ref=outlook-calendar
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