Do you have to know algebra? Or use it at all? I already asked this question, but got someone who said yes. Most said no. So I need a real appraiser to tell me for sure........
2007-02-08 13:31:57 · 5 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
Yes you do need to know algebra and it is definately used. It is needed for the Gross Income/Gross Rent multipliers, Effective Gross Income, Net Operating Income etc. Do you have to be a math wiz? No. With computers and calculaters these can be done by the algebriaclly challenged.
2007-02-08 13:53:00 · answer #1 · answered by Scott B 3 · 1⤊ 0⤋
Yes and No. Most accurate is yes. You must use a form of Algebra...
The cost approach requires a value per unit. So if a house if valued at $150/sq ft and it's 1000 sq ft...it's structural value is 150,000. That would be:
V=1000x
x=$150
There is really algebra in everything...to know where it's useful....look at those dreaded word problems. Those word problems explain everyday use for the math that seems so useless when in high school.
2007-02-08 13:38:21 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Algebra is used in EVERYTHING. Most people learn to use it without realizing it. From mixing pancake batter to figuring out the trajectory of the space shuttle, algebra gets used. It got used to you - get used to it.
2007-02-08 13:51:15 · answer #3 · answered by teran_realtor 7 · 0⤊ 0⤋
PICK UP THE PHONE BOOK AND CALL AN APPRASIAL COMPANY. I COULD THINK OF SOME SITUATONS WHERE ALGEBRA WOULD COME IN HANDY . BUT IT IS REAL SIMPLE CALL AN APPRASIER IN THE YELLOW PAGES.
2007-02-08 13:38:06 · answer #4 · answered by ralph s 1 · 1⤊ 0⤋
you'd also need some geometry and trigonometry too, to calculate lot sizes on unplatted land.
2007-02-08 15:12:20 · answer #5 · answered by Anonymous · 0⤊ 0⤋