Welcome back to @JustCallMaggie, your go-to destination for all things real estate!

🏡 In this episode, I will guide you through the three essential approaches to value: Sales Comparison Approach, Cost-Depreciation Approach, and the Income Approach. 📈🏗️

Join me as we dive deep into each method, tackling practice questions to ensure you're exam-ready!

🔍 Topics covered:
The 3 Approaches to Value in Real Estate
00:41 - 1) Sales Comparison Approach (Comparable Sales Method) explained
01:36 - Principle of Substitution
02:02 - 🤔 Sample Questions Solved: Real Estate Exam practice question 1
02:29 - 🤔 Sample Questions: Real Estate MATH practice question 1
02:50 - CIA & CBS explained
03:07 - 🤔 Sample Questions Solved: Real Estate MATH practice question 1 explained
04:04 - 🤔 Sample Questions: Real Estate MATH practice question 2
04:48 - 🤔 Sample Questions Solved: Real Estate MATH practice question 2 explained
06:44 - 2) Cost Depreciation Approach (Cost Method) explained
06:57 - Replacement Costs vs Reproduction Costs explained
08:26 - 🤔 Sample Question: Real Estate Exam practice question 2
08:41 - 🤔 Sample Questions: Real Estate Exam MATH practice question 3
09:02 - 🤔 Sample Questions Solved: Real Estate Exam MATH practice question 3 explained
09:38 - 3) Income Approach (Income Method) explained
10:17 - The 2 techniques used in the Income Approach (Direct Capitalization & Gross Multiplier)
10:26 - Direct Capitalization explained
10:45 - 🤔 Sample Questions: Real estate exam MATH practice question 4
11:00 - 🤔 Sample Questions Solved: Real Estate Exam MATH practice question 4 explained
12:00 - 🤔 Sample Questions: Real Estate Exam MATH practice question 5
12:20 - 🤔 Sample Questions Solved: Real Estate Exam MATH practice question 5 explained
14:01 - 🤔 Sample Questions: Real Estate Exam MATH practice question 6
14:24 - 🤔 Sample Questions Solved: Real Estate Exam MATH practice question 6 explained
15:17 - Gross Multiplier explained
15:53 - Gross Rent Multiplier (GRM) formula
16:09 - Gross Income Multiplier (GIM) formula
16:20 - GRM/GIM T-Chart explained
16:51 - Real Estate Math e-workbook "Math Skills for Real Estate Success" explained
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📚 Looking for help with real estate math? Check out my e-workbook, 'Math Skills for Real Estate Success' here: 🧮📘 https://justcallmaggie.com/product/ma...

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Let's conquer those math questions together! Thanks for joining me on this whirlwind tour of real estate value approaches. Until next time, good luck and happy studying! 🌟

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