Lesson 16 – Appraising & Estimating Market Value
Lesson 16
Appraising & Estimating Market Value
Value isn’t a guess—it’s supported by methods and data. In this lesson, you’ll learn what “market value” means and how appraisers estimate it using the sales comparison, cost, and income approaches. You’ll also cover the basics of appraisal regulation and why it matters to licensees.
Learning Objectives
By the end of this lesson, you will be able to:
- Distinguish market value from price and identify the principles of value.
- Apply the three approaches to value to estimate market value.
Recommended approach
For best results, complete this lesson in the sequence below. The course is designed to build knowledge step-by-step and reinforce key concepts through practice. Please review ALL of the lesson materials available for this lesson.
- Watch the lesson video (Materials tab): focus on definitions and real-life examples
- Review the slides: use them to organize notes and key terms.
- Complete the chapter reading: pay special attention to bold terms and the Snapshot Review.
- Take the chapter quiz: confirm mastery and identify any areas that need review.
Passing standard: A score of 80% is required on chapter assessments.
If you score below 80%, review the missed topics and retake the quiz. This process is intended to strengthen retention and improve exam readiness.
If you score below 80%, review the missed topics and retake the quiz. This process is intended to strengthen retention and improve exam readiness.
Chapter resources
Slides
Open slides
Recommended: review once before the quiz and again after reviewing missed questions.
Chapter PDF
Download chapter PDF
Focus areas: key terms, examples, and Snapshot Review.
Focus areas: key terms, examples, and Snapshot Review.
Next step
Complete the Chapter Quiz. A minimum score of 80% is required to pass.
Support is available if you have questions as you work through the material.
