Valuation and appraisal practice test

What this area asks

Eleven items, and they reward precision about words that sound interchangeable and are not: market value is not market price, a CMA is not an appraisal, and a broker price opinion is neither. The approaches themselves are stable — sales comparison, cost, income — and so are the questions about them: which approach fits which property, what adjustments go on which side, and which kind of depreciation is curable. The federal oversight items exist because an appraisal ordered for a federally related transaction sits under rules a licensee is expected to know exists.

The topic list above is taken from the exam’s own published content outline, where this area appears as Property value and appraisal.

Frequently asked

How many valuation and appraisal questions are on the real estate exam?

11 of the 80 scored items on the national portion — about 14% of it. The published content outline calls this area "Property value and appraisal".

Is there a passing score for the real estate exam?

Not a national one. Each state commission sets its own, and states express it differently — Texas publishes a raw number of correct answers, California a percentage of the whole exam.

Is this the official exam?

No. These are original practice questions written for study, built to the exam’s published content outline. The exams themselves are delivered by Pearson VUE and PSI under contract to state commissions.

The other content areas

Each one draws only from its own bank, so a weak area can be worked until it is not one. The number beside each is how many of the exam’s 80 scored items it carries.