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Ch 1: The Real Estate Market

About This Chapter

This chapter goes over a wide number of key terms and principles of the real estate market. You'll learn about important considerations for navigating this market as well as related factors and processes.

The Real Estate Market - Chapter Summary

This chapter covers several important aspects of the real estate market. The lessons included detail topics such as property depreciation, market data analysis, property inspection, and more. By the time you're done studying this chapter, you can expect to have a clearer idea of the following:

  • Property valuation and appraisal
  • Analyzing regions and neighborhoods
  • The factors of site analysis

The practice quizzes accompanying each lesson can help you make sure you've processed the material correctly before moving on. These interactive assessments can be taken as many times as you like, and are printable in worksheet form if you'd like to use them away from your computer. And, at the end of the chapter, you can give your overall knowledge a final test by means of the practice final exam.

7 Lessons in Chapter 1: The Real Estate Market
Test your knowledge with a 30-question chapter practice test
Property Valuation: Definition & Principles

1. Property Valuation: Definition & Principles

Valuing property accurately is very important to sellers, home purchasers, lenders, and real estate investors. In this lesson, you'll learn about property valuation and some of its key principles.

Property Appraisal: Definition, Purpose & Process

2. Property Appraisal: Definition, Purpose & Process

Let's take a look at property appraisal and broad explanations of different approaches. We'll discuss how these approaches work and what purposes they serve, and help understand how they tie into the final reconciliation of value.

Property Depreciation: Definition, Importance & Types

3. Property Depreciation: Definition, Importance & Types

This lesson defines depreciation as it applies to real estate property valuation. We will cover the different types of obsolescence that are factors in depreciation.

Area-Regional & Neighborhood Analysis in Property Appraisal

4. Area-Regional & Neighborhood Analysis in Property Appraisal

In this lesson, you will learn how to interpret the area-regional and neighborhood analysis section in a property appraisal report. Many factors and considerations determine if the current use of the property is the highest and best available.

Market Data Analysis in Property Appraisal: Definition & Factors

5. Market Data Analysis in Property Appraisal: Definition & Factors

Comparative Market Analysis (CMA) is a method for pricing a real estate property that is for sale. Factors that are important in CMA include market area delineation, demand analysis, supply analysis, absorption analysis, vacancy analysis, and market rental analysis.

Site Analysis in Property Appraisal: Definition & Factors

6. Site Analysis in Property Appraisal: Definition & Factors

Correctly valuing real estate is very important because of the money at stake, even for a relatively small purchase. In this lesson, you'll learn about site analysis and some of the key components involved with it.

Property Inspection: Role, Importance & Process

7. Property Inspection: Role, Importance & Process

Smart buyers require a professional property inspection when purchasing real estate, with satisfactory results as a contingency for the sale to close. In this lesson, you'll learn about the role of property inspections, the process of executing them, and their importance.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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