MATH IN MY CAREER

Celeste Hunt 
 A JOB I WOULD LIKE TO HAVE IN THE
FUTURE

I would like to be a lawyer or real estate agent. The

median annual earnings for a Lawyer is $126,930 and
$84,459. A lawyer and a real estate agent both use math
in their job.
 HOW DO WE USE MATH IN EVERYDAY
LIFE

• We manage our money by using math

• Preparing our food
• Baking/Cooking
• Finding out the distance of something
 TYPES OF MATH TO STUDY BEING A
LAWYER

• Future lawyers should at the very least take undergraduate courses in college
algebra, trigonometry, geometry, logic, and statistics, according to the ABA's
recommendation for pre-calculus mathematics and anecdotal advice from math
students who went on to become lawyers.
 TYPES OF MATH TO STUDY BEING A
REAL ESTATE AGENT

• Conversions of measurements: Conversions of measurements, such as volume,

linear, and area measurements.
• Understanding The T-Bar Method or how to solve percentage issues are
examples of topics in the category of fractions, decimals, and percentages.
 TASKS INVOLVING MATH TO DO
BEING A LAWYER

• To manage a business, private practice attorneys need a solid understanding of

mathematics. Additionally, they must be able to track and account for any
money transferred into the trust fund accounts of their clients.
 TASKS INVOLVING MATH TO DO
BEING A REAL ESTATE AGENT

• Real estate math formulae: As an agent, you'll constantly run into situations
that math formulas can assist you address. They comprise the Gross Rent
Multiplier (GRM), Commission, Simple Interest, Loan to Value (LTV), and
other formulas.
 POOR MATH SKILLS CONSEQUENCES
BEING A LAYER

• Lawyers' knowledge of the law may be fundamentally different depending on

how proficient they are with math, even when they aren't making obvious math
errors. The clients won’t get the same outcome with a lawyer who isn’t good at
math.
 POOR MATH SKILLS CONSEQUENCES
BEING A REAL ESTATE AGENT

• To succeed on the exam and become a successful real estate broker or sales
agent, math formulae are a requirement. Remember that repetition improves
performance, therefore you will benefit from spending more time remembering
these formulas.
 RESOURCES TO IMPROVE

• Basic algebra and geometry books

• Online websites like Mathplanet, Universal Class, etc.
• Dynamic geometry software
 PERCENTAGES (LAWYER)

• Percentages are one of the arithmetic concepts that lawyers utilize the most
frequently. For instance, they would need to estimate their chances of winning
a court case. Particularly when determining which spouse receives which assets
in a divorce, divorce attorneys employ percentages. Another way attorneys
employ percentages to make sure their clients receive just compensation for
other people's conduct is through settlements.
 CASES (LAWYER)

• Nearly all lawyers require some level of arithmetic to do their duties

effectively. Even criminal defendants must estimate their jail term and build an
argument for their innocence. The way a mathematician organizes a proof is
very similar to how lawyers must organize their arguments. They start out by
stating all the facts, go on to discuss the laws and previous cases, and then use
all of this data to determine whether the accused is guilty or innocent.
 TAXES (LAWYER)

• Every day, tax professionals employ mathematics to advise customers and

develop every scenario that might be able to lessen a client's tax liability. Math
is another tool that patent attorneys utilize in their arguments to support or
refute a patent's validity. Equity, debt, and capital structure are calculated by
securities attorneys for disclosure forms. In fact, a wide range of specialists are
required to apply math on a daily basis.
 BEING IN OFFICE (LAWYER)

• Attorneys frequently operate their own businesses, or at the absolute least, they
must be involved in and understand how their firms are run. To comprehend
revenue and liabilities, cash flow, and expenses, they need to understand math.
In order to keep money on hand for future expenses, lawyers must also have
strong math skills. In large firms, partners are allocated "equity," which entitles
them to a share of the overall earnings of the firm. Equity-holding attorneys
must base their income calculations on the revenue of the firm.
 MATH FORMULAS FOR REAL ESTATE
AGENTS

• You can answer challenges you'll come across frequently as an agent with the
use of math formulas. They comprise the Gross Rent Multiplier (GRM),
Commission, Simple Interest, Loan to Value (LTV), and other formulas.
 REAL ESTATE MATH IS NOT DIFFICULT

• Real estate math is not difficult, and there are just a handful of principles that
you need to be able to understand. Many students dread the prospect of
learning math and having to apply arithmetic in their professions. You will do
better on the test and during the course of your career the more you practice
and spend time comprehending the math problems and topics that you may
encounter.
 LOAN-TO-VALUE RATIO (REAL ESTATE
AGENT)

• The loan-to-value ratio (LTV) is a metric used to evaluate how much of your
client's mortgage is in relation to the price of the house they want to buy. When
assessing the danger of granting credit to your client as a borrower, mortgage
lenders frequently employ the LTV.
 28/36 RULE (REAL ESTATE AGENT)

• The number 28 in this guideline indicates that the home buyer may be eligible
for a loan for 28% of their gross monthly income (before taxes). The 36 in this
house buyer rule, however, takes into account your client's higher debt
payments (student loans, car loans, etc.).
 WHY MATH FORMULAS CAN HELP
BEING IN REAL ESTATE

• Due to the fact that math aids agents in calculating costs associated with
buying, selling, investing, and more, it has become an essential component of
the real estate sector. You can perform calculations more easily and arrive at
informed judgments by being aware of certain mathematical formulas. Your
ability to surpass your peers will increase as you use them more frequently.
 SOURCES

• https://www.niu.edu/mathmatters/everyday-life/index.shtml
• https://work.chron.com/math-become-lawyer-14896.html#:~:text=The%20pre%2Dca
lculus%20mathematics%20recommended,%2C%20geometry%2C%20logic%20and
%20statistics
.
• https://www.vaned.com/blog/real-estate-math/
• https://www.tallahassee.com/story/life/2020/07/11/math-problems-part-lawyers-skill-
set/5412324002/#:~:text=Private%20practice%20lawyers%20must%20understand,th
eir%20clients'%20trust%20fund%20accounts
.
• https://news.illinois.edu/view/6367/204846
• https://careertrend.com/how-does-4926151-lawyers-use-math.html
• https://www.luxurypresence.com/blogs/real-estate-math-formulas/