This real estate exam prep video is Part 3 of 3 of Appraisals. Specifically we discuss the 3 Approaches to Value – the Sale Comparison Approach to Value, the Cost Approach to Value, and the Income Approach to Value. Key real estate terms you MUST know for your real estate exam that are discussed are:

Sale Comparison Approach (Market Data Approach) –
Income Approach to Value —
Cost Approach to Value –
Competitive Market Analysis (CMA) –
Depreciation –
Physical Depreciation –
Functinal Obsolenscence –
Economic Obsolenscence –
Gross Rent Mu;tiplier (GRM) –
Capitalization Rate –

Best of luck with your studies…

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Paul Vojchehoske
Mr. Real Estate Seminars, Inc.
The Real Estate Classroom
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P.S. Nothing in this video shall be construed as legal or financial advice and is for INFORMATIONAL purposes only! Please consult with a competent attorney, financial advisor, and your broker before implementing anything you’ve learned from this video. Likewise, the issues discussed herein may not be applicable in your state or local jurisdiction.

Paul Vojchehoske

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