Real Estate Appraisal and Valuation Crash Course (25 Minute Exam Prep)

Join 2-10 and protect your clients against buyer’s remorse: https://www.2-10.com/dg22/ Thank you for supporting the channel! Today we go through a full Real Estate Appraisal and Valuation Crash Course in around 25 minutes. In this video, we cover value, appreciation, deprecation, appraisal techniques, appraisal principles, how the appraisal process works, and of course what you need to know for the real estate exam. Appraisal and valuation are a BIG portion of the real estate exam so it's vital you understand every aspect before exam day. Regardless of what state you are taking your real estate exam in, there will be appraisal and valuation concepts. Our data suggest that anywhere between 5 to 15 appraisal and valuation questions are on each state’s real estate exam. Here are the chapters for this video, feel free to jump around accordingly: 0:00 Real Estate Appraisal FAQ 1:41 What is Value? 2:19 Market Value vs Markert Price 2:50 Appraised Value vs Markert Value 4:03 What is Appreciation? 4:43 What is Depreciation? 5:10 The Three Types of Depreciation 8:08 What is a Real Estate Appraisal? 8:48 Real Estate Appraisal Types and Purposes 12:06 Who Performs Real Estate Appraisal 12:44 An Appraisal is an Opinion 13:45 Appraisal Influences and Attributes 14:14 Difference Between Real Estate Inspection and Real Estate Appraisal 15:51 The Three Appraisal Approaches 18:34 What are Appraisal Principles? 19:20 What is the Principle of Substitution? 20:00 What is the Principle of Conformity? 20:56 What is the Principle of Highest and Best Use? 21:54 What is the Principle of Contribution? 23:07 What is the Principle of Progression? 24:05 What Do You NEED TO KNOW for the Real Estate Exam? #realestate #realestateexam #realestatelicense -=-=-=-=- Don’t forget to like and subscribe for more! Want to learn more about the smart way to get your real estate license and start a successful real estate career? Then make sure to visit the Real Estate License Wizard, getting started is easy. Just click the page below: https://realestatelicensewizard.com -=-=-=-=-