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.