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Price ≠ Cost ≠ Value
National · Valuation & Appraisal — free cheat sheet for the real estate licensing exam.
📐 Valuation & Appraisal
📋 The 1-minute cheat sheet
- Price: what someone actually PAID (a historical fact)
- Cost: dollars to CREATE it (land + labor + materials)
- Value: what it's WORTH to the market today (an opinion)
- Market value assumes: willing parties, no pressure, exposure time, cash-equivalent terms
- A desperate sale below market? Price < value. Overbuilt mansion? Cost > value.
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Is Price ≠ Cost ≠ Value 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.
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