10 Real Estate Appraisal Terminology Words (2024)

Struggling with appraisal terms? The real estate exam is hard and you need to know your vocabulary words. Here's what you need to know appraisal category real estate terms.

Here are 10 important real estate terminology words you HAVE to know for the exam.

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

[pawbless]

i passed my exam with one shot. Glad I took class with ca realty training. My first transaction is about to close soon!

[Rebecavch]

Love this channel! Rico, you are great explaining and making vocab easy to learn ☺️

[LifeWithConji]

I have watched several videos from other channels but your videos really give me a clear understanding and straight to the point! THANK YOU!

[margaritaacosta]

Thank you so much Rico! Love the the clear way to explain everything!

[springtrap]

Thank you for your videos they help me to understand a lot. I like how you explain things in simple terms. keep up the great work!

[TheVeltaism]

Love your channel Rico! Your personality and the way you explain is 👌 thank you !

[chasemilner]

Thanks for sharing this great information. These are some really great details that only an experienced agent knows.

[FremontVideos]

THIS IS SO GOOD I CAN`T BELIEVE IT. WATCHING JUST FOR FUN` LEARNED THIS WITH PROFESSOR MANNY MANAGO RE 101 AT COLLEGE OF SOUTHERN NEVADA. LOVED THIS GOTTA FINISH BUSINESS MANAGEMENT (ACCOUNTING) FOR FINANCIAL AID BUT WILL GET A SECOND AAS IN R.E. !!!! AWESOME 🙄

[mompreneurlife]

Thank you for this. Appraisals is the toughest topic for me, so any help out there is good. Thanks for this.

[christina-]

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.

[Regina_White]

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!!!!

[Blingbolina]

Wish he taught in NJ! Amazing videos. Easily understood!

[foxman]

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.

[gracelelis]

How can I avail the CA Realty Training?❤ Thanks

[cyrussoltani]

what is the best way to appraise a house built in 1960?

[talentekhuzwayo]

Anyone know the full process of being a Realtor in Florida… start to finish

[awethalefom]

Difference b/n valuation and appraisal

[talentekhuzwayo]

Anyone written the Florida Realtor exam