Cost Approach — Build It Fresh

National · Valuation & Appraisal — free cheat sheet for the real estate licensing exam.

📐 Valuation & Appraisal

📋 The 1-minute cheat sheet

Value = land value + replacement/reproduction cost NEW − depreciation
Reproduction: exact duplicate; Replacement: same utility, modern materials (usual choice)
Best for: NEW or special-use buildings (schools, churches) with no comps or income
Land is valued separately by sales comparison and never depreciates
Sets the practical ceiling of value for new construction

Is Cost Approach — Build It Fresh on the real estate exam?

Yes. Valuation & Appraisal is a scored domain on the real estate licensing exam, and this topic appears in the national portion.

Is this cheat sheet free?

Yes — every page on CinnaPrep's resource library is free to read, print and share. The app adds practice questions, mock exams and a readiness score.