Estate at Will in Real Estate

You need to know several types of leasehold estates for your real estate exam, such as periodic tenancy, estate for years, tenancy at sufferance, and estate at will. This article will cover estates at will, what it is, how it …

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Effective Age vs. Economic Life

Comparing effective age vs. economic life is an essential concept to understand for real estate professionals and appraisers. In this article, we define economic life, effective age, and actual age and compare the differences in terms. What is Economic Life? …

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7 Steps in the Appraisal Process

It’s essential to understand the steps in the appraisal process. With a combination of each step appraisers derive fair market value. These are the steps. Steps in the Appraisal Process Frame the purpose or identify the problem. Record the data …

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