Home › Cheat sheets › Valuation & Appraisal

Factors That Create Value — DUST

National · Valuation & Appraisal — free study notes for the real estate licensing exam.

📐 Valuation & Appraisal

📖 What you need to know

Four elements must be present for a property to have value — remember DUST: DEMAND (people want it and can afford it), UTILITY (it serves a useful purpose), SCARCITY (limited supply), and TRANSFERABILITY (title can be moved easily). Value also reflects principles like supply/demand, substitution, and highest & best use.

Practice this topic free in the CinnaPrep app →

Related in Valuation & Appraisal

Sales Comparison — Adjust the COMPNational Cost Approach — Build It FreshNational Income Approach — GRM & Cap RateNational Depreciation — The Three KillersNational CMA vs BPO vs AppraisalNational Price ≠ Cost ≠ ValueNational Value — Principles & ApproachesNational The Appraisal ProcessNational

Questions students ask

Is Factors That Create Value — DUST 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.

Browse by topic

🏘️ Ownership 🤝 Agency 🏦 Financing 📄 Contracts ⚠️ Disclosures 💼 Practice 🧮 Math 🔑 Leasing ⚖️ Fair Housing 🏛️ State Law