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Proration calculator

Real estate exam math, worked through clearly.

Annual charge ($)

Allocated days

Proration method

Credit to

Result

$300.00 buyer credit

Formula

Annual charge ÷ days in year × allocated days

Worked exam example

$3,600 ÷ 360 × 30 = $300. For unpaid taxes, debit the seller and credit the buyer for the seller’s share. For prepaid charges, debit the buyer and credit the seller. Follow the stated closing-day convention.

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Educational calculations, not financial or legal advice.