Chapter 10 – The Valuation and Process and PricingProperties

• Differentiate between comparative market analysis andappraisals.

• Discuss the definition of market value.

• Explain the difference between value, price, and cost.

• Explain how and why a SMA is used.

• Explain the salesperson’s role in the valuation processand pricing properties.

• List the three approaches to determining value.

Chapter 10-A – Real Estate Math

• Measure square footage and acreage.

• Calculate commission.

• Calculate the net to seller.

• Calculate annual interest.

• Calculate percentage of profit and loss.

Dr. Conrad Richards, MBA, PhD., 

TRAINING CONSULTANT 

Training Consultant and Industry Coach, engages in real estate training, learning and development, career development, and leadership development. Targeting pre-licensing candidates, real estate brokerage management training for brokers, real estate continuing education for continuing licensed candidates to fulfill licensure requirements, and corporate brokerage training for employees and agents. Conrad uses over 15 years of vocational instructional leadership to hundreds of real estate candidates and licensed professionals, and corporate brokerage firms in the heart of NYC. Provide professional development services to assist real estate professionals in knowledge competencies, career development, and organizational development to ensure the retention of organizational knowledge, ethical compliance, and sales performance improvements.