California DRE Salesperson License & Examination Preparation License Requirements Exam Content
Valuation & Financial Analysis

Appraisal & Valuation

Market value, highest and best use, sales comparison, cost and income approaches, depreciation and reconciliation.

Use the right approach

Sales comparison, cost and income methods fit different property and data.

Adjust the comparable, not the subject

Comparable sale adjustments estimate the subject's value.

Reconcile rather than average blindly

Appraisal conclusions weigh evidence quality.

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