Cost Approach, Market Approach, Income Approach

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  • Опубликовано: 22 окт 2024

Комментарии • 122

  • @NateHaselton
    @NateHaselton 7 лет назад +83

    I took my school exam 4 times to pass it after 40 in-class hours of sitting with knuckleheads and a teacher that just wanted to tell her useless anecdotes. I watched about 4 hours of your videos and then passed my state exam on the first try. Thanks for the help, amigo.

    • @Soso0408
      @Soso0408 4 года назад +2

      what state? i dont feel like my teacher was fair to us either.

  • @kumaresang2346
    @kumaresang2346 4 года назад +15

    Market approach method is sales comparision
    Income approach method is capitalisation
    Cost approach method is replacement cost method
    Your teaching is fantastic

  • @kimlewis9865
    @kimlewis9865 8 лет назад +25

    I took a real estate course.. didn't feel like I absorbed much from the class.. recently told about your Web page.. so grateful for your teaching.. I totally understand so much more

  • @karragarcia5084
    @karragarcia5084 3 года назад +8

    Every time I don’t understand something in my current studies, I look to your videos. I wish I would have looked into your class before choosing my current. I’m not sure if all information is the same since I’m in Iowa, but just grasping the general idea is much easier with you. Your visuals and relation to real life scenarios really help.

  • @ReneeMaryKayWomack
    @ReneeMaryKayWomack 9 лет назад +39

    Passed the school exam. Taking the state today. I'm confident between the videos and the AMP book with practice tests I'll do well. I'm eager to get my business going and change careers permanently

    • @PrepAgent
      @PrepAgent  9 лет назад

      Rae Wo GO get em Rae!

    • @Dakuta12
      @Dakuta12 7 лет назад

      you are taking a state for a permanent career change? Which state exactly is your army marching on?

    • @kevins555
      @kevins555 7 лет назад

      God be love

  • @miacuellar
    @miacuellar 6 лет назад +20

    Taking the exam tomorrow, watching as many videos as I can today. (sucks I didn't find your videos sooner )

  • @Swwetcupcake1245
    @Swwetcupcake1245 3 года назад +8

    I overthink too much. This webinar has helped me so much. YAY

  • @qmakesithappen
    @qmakesithappen 4 года назад +16

    Maria is soooooo ready! I'm excited for her! These webinars get me fired up! I'm going for my exam this month!!!

    • @gregorywilliamsjr2763
      @gregorywilliamsjr2763 3 года назад

      How did your exam go?

    • @qmakesithappen
      @qmakesithappen 3 года назад +1

      @@gregorywilliamsjr2763 I passed the state and failed the National. In the process of my second try 😊

    • @gregorywilliamsjr2763
      @gregorywilliamsjr2763 3 года назад +1

      @@qmakesithappen ok well good for u. I’m aiming for next month to take my national exam, then take the state

    • @qmakesithappen
      @qmakesithappen 3 года назад +2

      @@gregorywilliamsjr2763 thanks a lot! I'm working through a lot of life things but I'm not giving up. Good luck with your exam!

    • @gregorywilliamsjr2763
      @gregorywilliamsjr2763 3 года назад

      @@qmakesithappen u and me both. See u in the agent side 😎

  • @PeaceNotPerfextion
    @PeaceNotPerfextion 3 года назад +1

    Stop Overthinking... this is GREAT ADVICE!!!

  • @leogirl318
    @leogirl318 7 лет назад +9

    The book they provided me with is so black and white...i seen the words and sort of understood it, but i still wasnt grasping enough to feel secure. i was getting sad about not understanding, but i found this guy and im now feeling very sure of myself...thank you so much!

    • @PrepAgent
      @PrepAgent  7 лет назад +1

      That is great! thanks for the kind words!

    • @leogirl318
      @leogirl318 7 лет назад

      Prep Agent no problem! I'm having a issue on prep agent.com what do I put for Washington DC? I only see Washington state.

  • @Namrehs2004
    @Namrehs2004 7 лет назад +18

    I just passsed thanks to you good content and anyone who hates on joe, kiss my passing the real estate exam a**

  • @familytreerealty
    @familytreerealty 9 лет назад +3

    Thanks Preg Agent for all your great webinars. I'm really having trouble grasping all of the Capitalization approach. This was helpful but I'm wondering if I should get more in depth and know the formulas to answer test questions?

  • @alexiaj7631
    @alexiaj7631 3 года назад

    Taking my exam on Tuesday, I’m super nervous but your videos are helping me understand some things I didn’t get in the book.

  • @christinamtruly
    @christinamtruly Год назад

    I am crying, your advice on not overthinking hit home while I am taking a course and stressed about the exam.

  • @themindvideos
    @themindvideos 3 года назад

    Thanks for this! I've been going over this unit in my course all week & it was just so dry, none of the information was absorbing. This helped me get through it.

  • @elenachichkan2684
    @elenachichkan2684 8 лет назад +3

    Thank you for you videos Joe. Absolutely love it!!! I do have a suggestion to make. Since i do a lot of studying on the go through audio learning while I'm driving, exercising, working and etc, i want to ask you or your participants read the questions loud before giving the answers, don't want to miss anything of value. Thank you! You the BEST!!!

  • @melissalawall4615
    @melissalawall4615 2 года назад +1

    Thanks so much! I always love your videos! Prep Agent is honestly a much better teacher than my actual classes were.

  • @dkozz1
    @dkozz1 4 года назад

    thanks to your videos. Passed the real estate salesperson license today. Met some people outside who didn't pass. Mentioned your prep videos look for the guy wearing the hat i say. Will be referring your business to whoever i come across. Bless you Joe!

  • @browneyedgirlcmw
    @browneyedgirlcmw 7 лет назад +5

    Thank you for the videos they have been helpful... I am having a bit of a hard time studying because of the massive amount of information I need to retain, because lets face it ITS ALOT. So some background, I am in WA and took Rockwell Institute's course. It was helpful and I passed the state portion, but not the National. I think the difficulty lies in amount of knowledge, the language can be hard to decipher, and mainly, at least for me, it is hards to understand some of these concepts because the book was so black and white. Any other advice for retaining the information? Anything helps. Thanks.

  • @calebbadiola
    @calebbadiola 2 года назад

    i watched this whole video and understood everything, just subscribed in dec 2021!!!

  • @JoJo_dazia
    @JoJo_dazia 3 года назад

    I'm taking my test tomorrow for my Real Estate Investing class. Wish me luck!

  • @LOADING...o.o.o
    @LOADING...o.o.o 7 лет назад +1

    The key point is starting @19:24. That's why i love your channel.

  • @gabbyrobles648
    @gabbyrobles648 4 года назад +1

    Wow love that u give visual examples. I always have to picture the questions. Keep up the good work! Thank you!

  • @marytorres1002
    @marytorres1002 2 года назад

    😊 So glad a found your videos!! I have been reading this unit 20 times and ending so confused and tired... very tired.... 20 minutes video and finally get it!! thank you so much for sharing your knowlege in way that is so easy to learn... and, I need to stop overthinking just over-complicate the concepts lol
    Many, many thanks!!

  • @samirasahebi4050
    @samirasahebi4050 7 лет назад +2

    Thank you so much! I passed yesterday & I'm in Oregon.

  • @eddieatum617
    @eddieatum617 4 года назад +1

    Your teaching is awesome.. simple to recognize different approaches..thank you

    • @PrepAgent
      @PrepAgent  4 года назад

      Thank you so much Eddie.

  • @cleamckinney5077
    @cleamckinney5077 3 года назад

    This video was really helpful for me. The whole appraisal thing was like a big giant question mark but this helped A LOT!! Thank you. And so glad that annoying person in the front row of class isn't present. LOLOLOL : )

  • @DeanoDamario
    @DeanoDamario 3 года назад

    I'm going to do an interview for a property valuer position, and your video has helped me get the basic idea of it. You're doing a solid job of explaining the concept as if I were a 5-year-old! Haha

  • @sumb34ch17
    @sumb34ch17 5 лет назад +1

    The course I'm taking had a question about an income property, the correct answer was income approach but capitalization approach was another option. I got it wrong by choosing cap approach. Is this just an oversight?

  • @azmeraayana
    @azmeraayana 2 года назад

    Whew thank you for this video ! My test is in a day and I been struggling on this concept I definitely understand now

  • @andreagray4613
    @andreagray4613 10 месяцев назад

    Thanks Joe! You had me laughing so hard at the end. I needed that. Thank you. Maybe tomorrow that advice will work. 👍

  • @winingreenville
    @winingreenville 2 года назад

    Love your approach to educating! I’m taking practice exams in your program as we speak. This is awesome, and your content is great! Keep them coming!

  • @Veronica.Serratos
    @Veronica.Serratos 3 года назад +1

    Wow your awesome! Thank you for your videos. I'm learning so much, and soon will be ready to pass exam 😁

  • @Lady-br3zy
    @Lady-br3zy 5 лет назад +2

    Omg! I do over think things all the time, your teaching me test taking skills.

  • @bendudley7161
    @bendudley7161 6 лет назад

    Hey Joe, quick question I came across the last time I took the national that I want to be sure I was correct on... once a sale is final, commission has been paid, if the seller gives the agent a "bonus".. is the agent supposed to have the seller pay the broker directly? In order for the broker to distribute?

  • @mikenjulierhoden5513
    @mikenjulierhoden5513 7 лет назад +1

    Exactly, how do they pass and I don't. I do tend to overthink everything even thou I know my stuff. This has been my biggest challenge. Keeping it simple until I pass.

  • @nouraal9180
    @nouraal9180 7 лет назад +1

    you are AMAZING, you saved my life !!!! big thanks to you

  • @lynngelski3604
    @lynngelski3604 2 года назад

    Excellent information. Thank you for your test review.

  • @CharlesCoaston
    @CharlesCoaston 8 лет назад +4

    Passed the state last week! Taking the National again

  • @shirazikako
    @shirazikako 9 лет назад +1

    Hi Joe,
    your videos are great, can you add math questions please? like how to calculate the irregular lands? thanks.

  • @cvzdez
    @cvzdez 3 года назад

    I love visual that is why i love khan academy.. you should teach a class for them

  • @paramerika
    @paramerika 4 года назад

    So lucky I found you... can't thank you enough!

  • @kiarajones7803
    @kiarajones7803 8 лет назад

    I have a question. If I live in another state and want to sell my home do I have to fill out a Residential Real property Disclosure Report?

  • @josededomenico2225
    @josededomenico2225 8 лет назад

    Thank you so much prep agent, I'm glad i have your videos to help me pass my exam!!

  • @dindykeita7906
    @dindykeita7906 6 лет назад +2

    These videos were really helpful, I passed exams ! Learned more from these videos than I did in the classes itself.

  • @713PINGUINA832
    @713PINGUINA832 2 года назад

    Is the Market approach the sales comparison approach?

  • @CherieRice
    @CherieRice 6 лет назад +1

    Excellent analogies!!!!!!

  • @Atlastheboss007
    @Atlastheboss007 3 года назад

    you are amazing joe , thank you so much

  • @king_kayden3316
    @king_kayden3316 9 лет назад

    Thank you for your video! Very Helpful.. Any video to help me understand financial ? Thank you again

  • @tashnabenjaminisrael2891
    @tashnabenjaminisrael2891 5 лет назад +1

    Thank you really helpful from JAMAICA

  • @bdajazzfan
    @bdajazzfan 3 года назад

    You are killing me with the shrimp!!!! I am seriously laughing so hard.

  • @israelsantana1408
    @israelsantana1408 Год назад

    😂😂😂the logo in the beginning 🐐🐐😂top g

  • @weldayhadush1303
    @weldayhadush1303 5 лет назад

    it is very helpful and easy to understand for me thank you dear

  • @ReneeMaryKayWomack
    @ReneeMaryKayWomack 9 лет назад +1

    Taking my school exam today. Your videos have really helped. Will post an update later

    • @PrepAgent
      @PrepAgent  9 лет назад

      Rae Wo Sounds great Rae

  • @sonyauppal
    @sonyauppal 8 лет назад

    Love Love all your videos and the way you hit Bull's eye :-) I have become so big a fan of your teaching method I wish I was directly registered to your site :-( but I guess I can't do anything but your videos are educating me every baby step I take to prepare for my license! A BIG Thank you !!

    • @PrepAgent
      @PrepAgent  8 лет назад

      thank you so much Sonya

  • @blessedbythebest1003
    @blessedbythebest1003 6 лет назад

    This was helpful i'm actually testing for RPA level 3.

  • @TheWank555
    @TheWank555 7 лет назад

    HEY joe!! First offf, I have to say that you are amazing and super helpful. I am supposed to take my California exam at the end of the month and am having a hard time with land use controls. Do you guys know if he has a video on land use and finance? Ugh!

  • @tiaramurphyyoutube2351
    @tiaramurphyyoutube2351 3 года назад

    Thank you

  • @brycewhite8143
    @brycewhite8143 7 лет назад

    Great program, love the quizes and vids! Question? Did you refer to the pool as intangible in the market data approach?

  • @pierreoccean4198
    @pierreoccean4198 5 лет назад

    Very helpful very helpful

  • @somapreciado2666
    @somapreciado2666 6 лет назад

    Awesome!!! I love the bit about 'stop overthinking' - lol

  • @corycoffman9707
    @corycoffman9707 6 лет назад

    can you show formulas used for cost ..comparable and market and examples for each

  • @FlowerlifeH
    @FlowerlifeH 4 года назад

    How can I get on a webinar ?

  • @momomovodea1485
    @momomovodea1485 4 месяца назад

    Thanks!

  • @monarchvisualz871
    @monarchvisualz871 4 года назад

    I can't with the jumbo shrimp 😂
    Amazing content though!

  • @NicoleKe
    @NicoleKe 8 лет назад

    The question on the test is something like: "The subject property doesn't have a garage. The comparables do. What should the appraiser do?" A. Subtract from the comparables. B. Add to the comparables. C. Add to the subject property D. Subtract from the subject property. I am yet to find the answer.

    • @rooseveltrobinson2686
      @rooseveltrobinson2686 6 лет назад +1

      B is the answer, comparable better subtract CBS

    • @kauigirl808
      @kauigirl808 5 лет назад

      I thought it is A. Market Data Approach subtracts features from comparables.
      If subject property has no garage but the comparables do, subtract that feature from the comparables.

  • @Heatherreseller
    @Heatherreseller 9 лет назад

    So the pool is considered cost approach right?

  • @belenaguilar1348
    @belenaguilar1348 7 лет назад

    thank you for your service sir

  • @JanelleMoodyRealty
    @JanelleMoodyRealty 9 лет назад +2

    Love your videos! You are very easy to understand. I wish i could call you lmao

    • @PrepAgent
      @PrepAgent  9 лет назад +1

      Janelle Maxey You can! I am not a big company so I do not make my number public. But if you send me a message with your number through the Facebook page or the web site I will be happy to call you.

  • @wassuhmufusaLOL
    @wassuhmufusaLOL 6 лет назад

    very good explanation

  • @boltup5566
    @boltup5566 8 лет назад +3

    It would also help to talk about the differences between the reproduction cost approach vs the replacement cost approach.

  • @deemadd2145
    @deemadd2145 5 лет назад

    I love your videos! You teaching skills are amazing, you are very patient and so damn nice..😫😁ugh I can’t take it! Lol Your are heaven sent!

  • @nathaliejules6454
    @nathaliejules6454 3 года назад

    So helpful

  • @Spoiled0210
    @Spoiled0210 7 лет назад

    This is a life saver

  • @ethanwilliams2855
    @ethanwilliams2855 5 лет назад

    Love the videos, Joe!

  • @Alpha_Omega_kennels
    @Alpha_Omega_kennels 5 лет назад

    My exam in next week on Tuesday please help

  • @nataliyaa5726
    @nataliyaa5726 Год назад

    🎉❤

  • @leonnguyen1134
    @leonnguyen1134 6 лет назад +1

    but post offices are becoming outdated..

  • @ChristinaHenry8
    @ChristinaHenry8 Год назад

    😂😂 love it

  • @saharj7883
    @saharj7883 3 года назад

    JUMBO SHRIMP!!!

  • @MohamedABDELFATTAHTG
    @MohamedABDELFATTAHTG 8 лет назад

    am appraiser in Cairo Egypt

  • @romans1229
    @romans1229 3 года назад

    🤗

  • @kinkosam2167
    @kinkosam2167 6 лет назад

    The post office is more at risk though. Just joking. I am trying to be the annoying person in front of the class. If you catch my drift!

  • @teamo59
    @teamo59 8 лет назад +6

    I guess im waay to smart, i think too much, ive failed 2 times.. :(

    • @samantharomot6711
      @samantharomot6711 8 лет назад +2

      i hoped you eventually passed! I've failed 2 times, and have to wait 30 days to take it again!

    • @xariees1341
      @xariees1341 5 лет назад +1

      Jeff Banner Difference*

  • @c.a.4101
    @c.a.4101 4 года назад

    Audio bad

    • @PrepAgent
      @PrepAgent  4 года назад

      That is a very old one, we have evolved since then.

    • @marias13131313
      @marias13131313 4 года назад

      It's still not as bad as one from New Jersey from across the room, where he told me no, he thinks it's fine. That is my venting for the day.

  • @jeffthepoet7
    @jeffthepoet7 2 года назад

    1:25 garbled

  • @Fatima3i782
    @Fatima3i782 7 лет назад

    I missed with 1 point

  • @cat77104
    @cat77104 7 лет назад +1

    Can you just go straight to the point.

  • @ronnysison
    @ronnysison 3 года назад

    Ugh why do each one of the approaches have two names??? That is sooo annoying and just makes it harder to remember. Stupid real estate terms.

  • @hassandin9935
    @hassandin9935 6 лет назад

    Thanks!!!