SC Unit II - Module D - Measurements and Valuation

Value, time, and money are tied together in a number of ways for both real estate licensees and principals who buy, sell, or lease properties. Two well-known old sayings about the measurement of time are as follows: 1. Time is money; and 2. The most valuable commodity of them all is time. Both time and money are typically in a finite supply, and must be properly utilized and cared for over the years.

We will cover in detail the various reasons why and how real estate is valued starting with how to understand the legal description systems used for the measurements and identification of properties. This course will also address how data is sourced, collected, and analyzed prior to a broker, agent, principal, or appraisal attempts to come up with a fair and accurate value opinion or report. Local, national, and international laws, social norms, and various economic factors such as demand and supply all can play a major role in the determination of values as readers of this course will soon learn.