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


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