Credits And Debits Explained For Real Estate Exam | Intro To The Dam/Dams Method To Proration

Welcome to the ultimate guide on mastering debits and credits in real estate transactions! In this video, real estate instructor, Maggie Relloso, clears up the complexities of debits and credits and introduces her newest method on solving proration questions, the DAM/DAMS Method, that’ll empower you to tackle those real estate exam questions with ease. Maggie's DAMS method simplifies proration calculations, ensuring you're prepared for any scenario on your real estate exam. 00:00 - Intro 00:37 - Debits & Credits explained 01:34 - Rules You Need to Know 02:22 - Real Estate Exam Practice Question 03:02 - More about Debits/Credits 03:57 - Proration Question 1 (Rent Payment) - DAMS Method 04:24 - Proration Question 1 Explained 07:02 - DAM/DAMS Method Introduced 07:53 - Proration Question 2 (Annual Property Tax) - DAM Method 08:14 - Proration Question 2 Explained 10:10 - Proration Question 3 (Prepaid by Seller) - DAMS Method 10:43 - Proration Question 3 Explained 12:38 - Outro 📚 EDUCATIONAL RESOURCES: 📘 Math E-Workbook Bundle for Real Estate Success https://justcallmaggie.com/product/ma... 📺 FInancing 101 Video:    • Real Estate Finance 101: Your Exam Shortcu...   🔗 HELPFUL LINKS 📝 My top 5 study tricks to pass the real estate exam    • Crush The Real Estate Exam: Proven Strateg...   📚 Link to our math formulas study guide https://justcallmaggie.com/product/re... Let me know your thoughts in the comments. Happy studying, and best of luck on your real estate journey! 📚🎉 If you like this video, please give it a thumbs up 👍 and if you want to hear more videos from our channel, SUBSCRIBE 🔥 and make sure to turn on the bell icon (🔔). 𝐖𝐚𝐧𝐭 𝐭𝐨 𝐬𝐞𝐞 𝐦𝐨𝐫𝐞 𝐜𝐨𝐧𝐭𝐞𝐧𝐭 𝐥𝐢𝐤𝐞 𝐭𝐡𝐢𝐬...? ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ 👍 Like the video (it's quite helpful!) 💬 Leave a comment below to let us know what you think! 🔗 Share the video with anyone you think might help ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ 🎬 SUGGESTED VIDEOS ▶️ Mastering Real Estate Financing: 15 Exam Practice Questions | Just Call Maggie    • Mastering Real Estate Financing: 15 Exam P...   ▶️ Real Estate Finance 101: Your Exam Shortcut to Success! 📚💡    • Real Estate Finance 101: Your Exam Shortcu...   ▶️ Freehold Vs Leasehold Estates Explained For Your Real Estate Exam | Just Call Maggie    • Freehold Vs Leasehold Estates Explained Fo...   ▶️ Crush The Real Estate Exam: Proven Strategies For First Time Success | Just Call Maggie    • Crush The Real Estate Exam: Proven Strateg...   ▶️ Real Estate Contracts 101 | 25 Exam Questions About Contracts | Just Call Maggie    • Real Estate Contracts 101 | 25 Exam Questi...   🌐 LET'S CONNECT 🔹 Website: https://justcallmaggie.com/ 🔹 Facebook:   / justcallmaggie   🔹 Instagram:   / justcallmaggie   🔹 TikTok:   / justcallmaggie   🔹 Pinterest:   / justcallmaggie   👇🏻 Don't Forget To SUBSCRIBE 🔥    / @justcallmaggie   #RealEstateExam #RealEstate #JustCallMaggie