California Real Estate Finance

Rating:
Summary: I Used Professional Real Estate Problem Solving Using the HP
Review: I used the HP-12C financial calculator instead of the TI Real Estate BA calculator with this book. One of our agents who is studying for the broker's exam used my HP-12C along with Mr. John A. Tirone's excellent "Professional Real Estate Problem Solving Using the HP-12". The Tirone book covers more than enough to get one through the california real Estate Finance book, and you can do it easier with the HP 12 C, at least that is my thought on the matter.
One problem which gave our agents trouble was on page 354 of the California real estate finance book. It is an bi-weekly loan payment problem: the example in this book is exacly the example that Mr. Tirone has in his HP-12C real estate problem solving book (a bi-weekly loan with $100,000 PV, 10% annual interest rate, amortization-loan term of 360 months!). However, the answers are different! Who is right? Whose is wrong? we called Mr. Tirone to go over the problem and he gave us a Finance Lesson, true to form we hear! Result is we know there is a typo in the term of the bi-weekly loan on page 354; not a big problem, off by just a little bit. Again, Professional Real Estate Problem Solving Using the HP 12C rules the day!