Math is only a slice of the Florida sales associate exam, but it's where careful candidates pick up easy points and rushed ones give them away. Almost every calculation reduces to one idea: part = whole × rate. Here are the specific computations the FREC blueprint tests, each with a worked example.
Total commission = sale price × commission rate. Then split between brokerages and agents.
Prorations divide an annual (or monthly) amount across the days each party owns the property. Daily rate = annual amount ÷ 365 (or ÷ 360 on some methods — read the question).
Proration has more traps than any other calculation on the exam — the day count, the direction of the credit, and prepaid vs. unpaid items each cost points on their own. Full breakdown: Florida tax proration: 365-day vs. 360-day method.
Florida charges transfer taxes at closing. Standard statewide rates (as of 2026 — Miami-Dade differs, so verify for that county):
LTV = loan amount ÷ property value (or price, whichever is lower).
Area = length × width. One acre = 43,560 square feet.
To find the price needed so the seller nets a target after commission: required price = (net wanted + fixed costs) ÷ (1 − commission rate).
Cap rate = net operating income (NOI) ÷ value. Rearrange to find any missing piece.
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