In determining total mortgages, which operation is performed to find the sum?

Prepare for the Magnolia Real Estate State Exam. Study with flashcards and multiple choice questions, each with hints and explanations. Ace your exam with confidence!

To determine the total amount of mortgages, addition is the operation used to find the sum. Mortgages represent sums owed to lenders, and when calculating the total of multiple mortgages, you would add the individual amounts together. This is essential for understanding the overall financial obligation and ensuring that one can accurately assess their debt load.

In a practical context, real estate professionals need to sum the various loans on a property to evaluate a buyer's or seller's equity or the total debt service. Addition allows for a comprehensive view of the financial situation related to real estate transactions. Thus, it is clear that when seeking the total mortgages, the appropriate mathematical operation is addition.

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