Real Estate Vocabulary: 10 Important Appraisal Terms
14% of all vocabulary on the real estate exam is appraisal-based. That's a lot! Here are 10 important real estate terminology words you HAVE to know for the exam.
✅ 🎓💯Make studying for the real estate exam EASY: bit.ly/46L59T9
Knowing these real estate vocabulary words will help you out the most on the exam. That's because these are the fundamental words that you will see the most come exam day. So, get out your pen and paper because you're going to master them in the next 10-minutes.
Chapters:
00:00 - How many appraisal questions are on the exam?
00:18 - What is an appraisal?
00:46 - What are comparables?
02:09 - What is a drive-by appraisal?
03:23 - What is an appraisal report?
03:57 - What is a trade fixture?
05:21 - What does ad valorem mean?
06:50 - What is a sales comparison approach?
08:35 - What is an income approach?
09:51 - What does depreciation mean?
12:01 - What is zoning?
#realestatevocabulary #realestateappraisals #realestateterminology
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Пікірлер: 45
i passed my exam with one shot. Glad I took class with ca realty training. My first transaction is about to close soon!
@USRealtyTraining
2 жыл бұрын
Woah! So glad to hear that! Any chance you could leave CA Realty Training a review? Here's the link: g.page/r/CaQqWnxj_Q70EAI/review Congrats on passing and congrats on closing your first transaction!
Love this channel! Rico, you are great explaining and making vocab easy to learn ☺️
Love your channel Rico! Your personality and the way you explain is 👌 thank you !
@USRealtyTraining
2 жыл бұрын
Glad you liked it, Velta! Thanks for watching.
Thanks for sharing this great information. These are some really great details that only an experienced agent knows.
@USRealtyTraining
2 жыл бұрын
Thanks for watching, Chase! Glad you enjoyed it.
Thank you so much Rico! Love the the clear way to explain everything!
@USRealtyTraining
Жыл бұрын
Happy to hear that! Thanks for watching.
Great video! I just read this recently on my real estate principle course and having you explain it helps a whole lot! Thank you so much.
@USRealtyTraining
2 жыл бұрын
Glad this video was helpful! Thanks for watching.
Thank you for this. Appraisals is the toughest topic for me, so any help out there is good. Thanks for this.
@USRealtyTraining
Жыл бұрын
Glad it was helpful! Thanks for watching. Best of luck on the upcoming exam.
I've learned so much from watching your videos. By the way I start my new sch next Thursday, I told you the name of it in the other video when you asked!!! I'm so excited!!! Thank you so much, for your informative videos!!!!
@USRealtyTraining
Жыл бұрын
That is awesome! Congrats and good luck.
@Regina_White
Жыл бұрын
@@USRealtyTraining Thank you!!!
Wish he taught in NJ! Amazing videos. Easily understood!
@USRealtyTraining
Жыл бұрын
Maybe one day! Thanks for watching and glad you enjoyed the video.
Need a video like this for each section of the test please 🙏 practice and disclosure important terms please 🙏
@USRealtyTraining
Жыл бұрын
Good idea! Thank you. In the meantime, I would recommend you get our state exam prep package. It makes studying easy and is a quick way to get ready for the exam. It has practice exams, vocabulary flashcards, and an ebook study guide: www.restateexamprep.com/
THANK YOU THANK YOU THANK YOU!!!!
@USRealtyTraining
Жыл бұрын
You're welcome! Glad you enjoyed the video. Be sure to watch our others on the important vocabulary you should know!
Will this information be useful if I'm testing in Florida? I've been nonstop watching these awesome videos, but I hope these also apply to the Florida Lic.
@USRealtyTraining
Жыл бұрын
Overall, yes. The exam vocab words and the functionality of them will be similar but once you get into the details, they could change depending on Florida real estate laws.
This is awesome.
@USRealtyTraining
2 жыл бұрын
So glad you like the video! Thanks for watching.
@caringlovetv6998
2 жыл бұрын
I will apply but I am registered in MBA. As soon as I am done with this.
@USRealtyTraining
2 жыл бұрын
@@caringlovetv6998 Good luck with the MBA! We will be here when. you're ready.
I take my RE Exam tomorrow!
@USRealtyTraining
2 жыл бұрын
Best of luck, Savage Snake. YOU GOT THIS!
✅ 🎓💯Make studying for the real estate exam EASY: bit.ly/46L59T9
what is the best way to appraise a house built in 1960?
@USRealtyTraining
Жыл бұрын
The best way is to hire a home appraiser. Otherwise, you can only run comps on similar houses in the area and make an educated guess at the price. Hope this helps.
Is this good for Arizona?
@USRealtyTraining
4 ай бұрын
Absolutely! Remember to get the online Arizona real estate exam prep package: www.restateexamprep.com/?KZread&Description%2BComments&Exam+Prep There's specific practice exams, terminology flashcards, and eBook study guide. It's all catered to Arizona and it makes studying quick and easy. Best of luck to you!
How can I avail the CA Realty Training?❤ Thanks
@USRealtyTraining
Жыл бұрын
Sharing our content and introducing our channel to a friend who's interested in real estate is the best way to help us out!
Rico eres amazing /wow. res único
Anyone know the full process of being a Realtor in Florida… start to finish
@USRealtyTraining
Жыл бұрын
Hey, Talente. We did a write up on this exact topic. Check out the article: www.carealtytraining.com/blogs/how-to-get-a-florida-real-estate-license
Difference b/n valuation and appraisal
Cool, Ohio.
Anyone written the Florida Realtor exam
@USRealtyTraining
Жыл бұрын
This article has some good insight into the Florida realtor exam: www.carealtytraining.com/blogs/apply-florida-real-estate-exam
nobody like Rico /cristal clear /