Cost Approach: What is it? Real estate license exam questions.

The income approach is one of three methods used by real estate appraisers to determine the value of a property. The income approach is more sophisticated than the other two techniques, and as a result, many real estate novices find it puzzling.

Here are the chapters for this video, feel free to jump around accordingly:

0:00 Introduction
0:22 Appraisal Basics
0:50 Cost Approach Definition
2:10 Cost Approach Formula
3:21 Finding Cost New
4:56 Calculating Depreciation
5:58 Cost Approach Examples
7:49 What Do You Need to Know for the Exam?

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