Just Call Maggie
Just Call Maggie
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Secrets to Appraisals: Pass Your Real Estate Exam with Confidence!
Are appraisals tripping you up on your real estate exam? Don’t worry-this video has you covered! Join me, Maggie Relloso, your go-to guide for real estate exam prep, as I break down everything you need to know about real estate appraisals. From understanding the appraisal process steps to learning when a certified appraiser is required, we’ll cover it all. Plus, test your knowledge with a quick appraisal quiz to solidify key concepts and boost your confidence. Whether you’re studying real estate valuation methods, preparing for questions on federally related transactions, or curious about the difference between an appraisal vs CMA, this video is packed with tips to help you succeed.
Video Timestamps
00:00 - Introduction
00:46 - What is an Appraisal?
01:25 - Why are Appraisals Important?
01:53 - When an Appraisal is Required
02:45 - When You Need a Licensed/Certified Appraiser
03:11 - The 6-Steps to an Appraisal
05:35 - The Power Trio Study Guide Information
06:04 - Quiz Intro
06:23 - Practice Question 1
06:54 - Practice Question 1 Answer & Explanation
07:23 - Practice Question 2
07:55 - Practice Question 2 Answer & Explanation
08:37 - Practice Question 3
09:03 - Practice Question 3 Answer & Explanation
09:26 - Final Thoughts
🏡📚 Get your copy of THE REAL ESTATE POWER TRIO: MATH & VOCABULARY MASTERY here (This is a digital product and no physical product will be shipped): justcallmaggie.com/product/the-real-estate-power-trio-math-vocabulary-mastery/
👩🏻‍🏫 TUTORING INFO - Need private one-on-one real estate tutoring? Click here to schedule a date: calendly.com/justcallmaggie/real-estate-tutoring
😎 GET LICENSED IN FLORIDA! Click here if you're interested in getting your Florida Real Estate license at Maggie's Real Estate Academy, LLC. An online, at your own pace, type of education with a weekly Q&A session where you can ask any of your questions, clarify topics, or just need a little motivation. Click here to check out the courses and packages we offer: justcallmaggie.com/ourcourses/
✨ WANT A REAL ESTATE LICENSE BUT YOU DON'T LIVE IN FLORIDA? Start here: justcallmaggie.theceshop.com
📲 FOLLOW ME ON SOCIAL
Facebook: justcallmaggie
Instagram: justcallmaggie
TikTok: www.tiktok.com/@justcallmaggie
Subscribe to my TH-cam Channel: @JustCallMaggie
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ความคิดเห็น

  • @dih4836
    @dih4836 ชั่วโมงที่ผ่านมา

    Nevada😊

    • @JustCallMaggie
      @JustCallMaggie 25 นาทีที่ผ่านมา

      @@dih4836 here you go 👉 www.pearsonvue.com/content/dam/VUE/vue/en/documents/publications/092900.pdf

  • @JoleneStokes
    @JoleneStokes 15 ชั่วโมงที่ผ่านมา

    How much math is actually on the exam?

    • @JustCallMaggie
      @JustCallMaggie 14 ชั่วโมงที่ผ่านมา

      @@JoleneStokes can be anywhere from 10-15% of the exam.

  • @antoniollanas4029
    @antoniollanas4029 17 ชั่วโมงที่ผ่านมา

    in question 7 what happened to the 3 points she paid for?

    • @JustCallMaggie
      @JustCallMaggie 17 ชั่วโมงที่ผ่านมา

      @@antoniollanas4029 nothing, because they’re just asking for the LTV ratio so all you need is the loan amount and the sales price or value of the home.

  • @sheglowslife4203
    @sheglowslife4203 21 ชั่วโมงที่ผ่านมา

    Your teaching style is great Maggie. I just started studying for my test and really appreciate how you break the concepts down:)

    • @JustCallMaggie
      @JustCallMaggie 18 ชั่วโมงที่ผ่านมา

      @@sheglowslife4203 Thank you so much! I appreciate the feedback. Best of luck to you! 🫶

  • @beverlyphillips3305
    @beverlyphillips3305 22 ชั่วโมงที่ผ่านมา

    Thank you so much!!! I'll be starting this month for the second time and I'm confident that I will pass. You teach so well!! THANK YOU!! ❤❤❤

    • @JustCallMaggie
      @JustCallMaggie 18 ชั่วโมงที่ผ่านมา

      @@beverlyphillips3305 great! Best of luck to you. Thank you so much for your kind words. You got this! 🫶

  • @FardaRoshan-y3s
    @FardaRoshan-y3s วันที่ผ่านมา

    Dear Maggie, your answer to problem number 8 in this video a)20% is incorrect. 👇 If a buyer wants to purchase a property worth $400,000 and makes a down payment of $80,000. $property minus $downpayment = $Loan amount $400,000 - $80,000 = $320,000 ($320,000 ÷ $400,000) =$0.8 x100=80% the correct answer is d) 80% (LTV) Please be more careful about the information you provide. Your audience trusts you. If they don't catch some of your mistakes, they will learn them from you the wrong way and will soon face an important DRE exam for their future career. ❤🙏

    • @JustCallMaggie
      @JustCallMaggie วันที่ผ่านมา

      @@FardaRoshan-y3s yep. This has been addressed in the comment section about 4 other times. Thank you for your support and I’m only human and not perfect.

  • @shaungreene-beebe9128
    @shaungreene-beebe9128 วันที่ผ่านมา

    Maggie, your vidoes and explicit instruction are incredible! I have learned so much since I stumbled upon your channel. I am no longer intimidated by the math portion of the real estate exam and this video just sealed the deal. I'm ready to take my Mchigan exam this weekend! I'm praying for a positive outcome...on the first try! :)

    • @JustCallMaggie
      @JustCallMaggie วันที่ผ่านมา

      @@shaungreene-beebe9128 I love this. Thank you so much. I’m happy to hear my videos are helping you. Best of luck to you on your exam!!

  • @RiriAbear
    @RiriAbear วันที่ผ่านมา

    can u share resources and prep studies for the Ca real estate broker exam?

    • @JustCallMaggie
      @JustCallMaggie วันที่ผ่านมา

      @@RiriAbear I have e-books you can purchase linked in the description box.

  • @dih4836
    @dih4836 วันที่ผ่านมา

    Love how you incorporate pictures. It allows me to retain the information better

  • @rhondadickey2525
    @rhondadickey2525 2 วันที่ผ่านมา

    Why those questions seemed Easy to me, only missed one but I have been studying my Azz off, taking Texas exam this Monday

  • @FardaRoshan-y3s
    @FardaRoshan-y3s 2 วันที่ผ่านมา

    Happy New Year Maggie, I appreciate all your hard work and support for those who are planning to take the exams. Have a great year ahead, we look forward to more teaching from you. 🥂🫶

  • @FardaRoshan-y3s
    @FardaRoshan-y3s 2 วันที่ผ่านมา

    I am currently focused on studying to prepare for the exams and I am also using relevant and useful TH-cam channels, but I don’t have time to read the comments, but my conscience tells me to leave the correct answer in the comment so that it can help others. ❤️🙏❤️🙏❤️

    • @JustCallMaggie
      @JustCallMaggie 2 วันที่ผ่านมา

      @@FardaRoshan-y3s best of luck to you. Thank you for your support.

  • @FardaRoshan-y3s
    @FardaRoshan-y3s 2 วันที่ผ่านมา

    If Emily's gross income is $8,550 a month, she would need to spend less than $3,078 in total household debt a month to qualify for most loans using the 28/36 rule. Also I found a consistent answer for problem number 10 as well in several books and it is calculated based on 36%. Your answer to this question based on 28% is not correct. ❤❤❤❤ You have overlooked the key point (debt) "household debt”

  • @FardaRoshan-y3s
    @FardaRoshan-y3s 2 วันที่ผ่านมา

    According to the 28/36 rule, Betty's maximum total household debt should be around $2,538 per month, which is calculated by multiplying her gross monthly income ($7,050) by 36% dear Maggie, I found a consistent answer for problem number 9 in several books and it is calculated based on 36%. Your answer to this question based on 28% is not correct. ❤🙏 You have overlooked the key point (debt) "household debt”

  • @FardaRoshan-y3s
    @FardaRoshan-y3s 2 วันที่ผ่านมา

    You are the best 🏆

  • @mitchielou9622
    @mitchielou9622 3 วันที่ผ่านมา

    This is so helpful! I get Joint Tenancy and Tenancy in Common mixed up sometimes. I’m binge watching your videos! My exam is Thursday.

    • @JustCallMaggie
      @JustCallMaggie 3 วันที่ผ่านมา

      @@mitchielou9622 Thank you. Yes I used to get them confused too. I remembered it when I was studying as TIC is more like buying a house with a friend and joint tenancy is like buying a house with a family member. I hope that didn’t confuse you. Idk that just made sense to me lol

    • @mitchielou9622
      @mitchielou9622 3 วันที่ผ่านมา

      @ that does make sense, since the TIC doesn’t have survivorship rights. Thank you!

    • @JustCallMaggie
      @JustCallMaggie 3 วันที่ผ่านมา

      @ exactly. It’ll just be passed on to your heirs indefinitely

    • @mitchielou9622
      @mitchielou9622 22 ชั่วโมงที่ผ่านมา

      @ I passed my exam today! You helped me so much!

    • @JustCallMaggie
      @JustCallMaggie 18 ชั่วโมงที่ผ่านมา

      @ wow!! 🤩 congratulations 🙌👏👏 so happy for you. Welcome to real estate!! Best of luck to you on your next real estate chapter.

  • @mitchielou9622
    @mitchielou9622 3 วันที่ผ่านมา

    Police power

    • @JustCallMaggie
      @JustCallMaggie 3 วันที่ผ่านมา

      @@mitchielou9622 you got it! 👏

  • @FardaRoshan-y3s
    @FardaRoshan-y3s 3 วันที่ผ่านมา

    Hello dear Maggie, I know this video was made a year ago and you don't have to answer my question. Anyway I'll write my question here. Thank you for everything The correct answer is as you said for question number 9 ($68,181) but it does not match any of the multiple choice answers and you chose the closest option to the correct number you calculated (c)$66,000). Is it possible like such questions where none of the answers are correct to appear on the exam?

    • @JustCallMaggie
      @JustCallMaggie 3 วันที่ผ่านมา

      @@FardaRoshan-y3s hi. Yes. The exam can have questions like that where the answers are not exact. Thank you for asking about that.

  • @igzandra4555
    @igzandra4555 3 วันที่ผ่านมา

    Thank you!!!!

    • @JustCallMaggie
      @JustCallMaggie 3 วันที่ผ่านมา

      @@igzandra4555 Thank you for your support 🫶

  • @GissellAceves
    @GissellAceves 3 วันที่ผ่านมา

    Hi there, please let me know what do you recommend me to do, I’m located is Northern California. I’m about to take a test in a month and I’m just looking over some notes I have and your TH-cam videos. I really wanna get it down on my first try. My questions here is should I buy prep agent to study and practice exams for the test or just buy yours for 100$ ? I don’t know which one would benefit me more😊

    • @JustCallMaggie
      @JustCallMaggie 3 วันที่ผ่านมา

      @@GissellAceves hi. If you’re studying for CA exam, all you would need is my e-book, The Educated Agent because CA doesn’t have any math so my e-book has all the vocabulary you will see on there. I think prep agent is just okay. I used it when I went through real estate school and found it did not help me at all. The questions were silly and back then had a ton of errors. I don’t think it’s as good as everyone says it is. That’s just my opinion. My e-book come with tons of practice questions in the back and breaks it down to a little over 100 pages. Plus it has links to my other videos if you need further explanations. You can also use coupon code FLASH5 and get $5 off the e-book, so it’s only $55. Also, you get to keep it forever. It’s up to you. I’ll link it here for you 👉 justcallmaggie.com/product/the-educated-agent/

    • @GissellAceves
      @GissellAceves 3 วันที่ผ่านมา

      @ okay thank you for getting back to me! So yes I wanted all good study guide that will help me bc for the state and national exam.

  • @roseperez8012
    @roseperez8012 3 วันที่ผ่านมา

    I think the answer is police power....?

    • @JustCallMaggie
      @JustCallMaggie 3 วันที่ผ่านมา

      @@roseperez8012 yes! 👍 good job.

  • @stanleyjeanlouis2340
    @stanleyjeanlouis2340 4 วันที่ผ่านมา

    I passed my Exam in Georgia 2 days ago. Your videos have been a great help, Maggie.

    • @JustCallMaggie
      @JustCallMaggie 4 วันที่ผ่านมา

      @@stanleyjeanlouis2340 fantastic news!! Great job 👏 Thank you for sharing your journey. Best of luck to you on your next chapter.

    • @stanleyjeanlouis2340
      @stanleyjeanlouis2340 3 วันที่ผ่านมา

      @ Thank you!

  • @SheLuvWest
    @SheLuvWest 4 วันที่ผ่านมา

    You are truly the first person I have come across that makes this process fun. Thank you

    • @JustCallMaggie
      @JustCallMaggie 4 วันที่ผ่านมา

      @@SheLuvWest awesome! So glad to hear that. I love to make learning fun.

  • @iearthlings
    @iearthlings 5 วันที่ผ่านมา

    Wow' Thank you LifeSaver Maggie' Your Awesome, couldn't figure this in an easy way, now I can. Blessings and Merry Christmas to you and yours and a Happy Healthy New Year 2025!

    • @JustCallMaggie
      @JustCallMaggie 4 วันที่ผ่านมา

      @@iearthlings yay!!! Good luck. You can do this!

  • @ladydebz1083
    @ladydebz1083 5 วันที่ผ่านมา

    You are truly gifted. This is the best and only explanation that has helped me to understand so quickly. Everything clicked. I will be purchasing your study guide, math guide and your ebook. Amazing! So glad i found tour videos

    • @JustCallMaggie
      @JustCallMaggie 4 วันที่ผ่านมา

      @@ladydebz1083 Thank you. Glad to hear it. Best of luck to you.

  • @wrush1968
    @wrush1968 5 วันที่ผ่านมา

    I missed about 5. Cause I was moving too fast.

    • @JustCallMaggie
      @JustCallMaggie 4 วันที่ผ่านมา

      @@wrush1968 lol well now you know you gotta slow it down. You can do this!

  • @willtawil4136
    @willtawil4136 6 วันที่ผ่านมา

    Best teacher on the net

    • @JustCallMaggie
      @JustCallMaggie 5 วันที่ผ่านมา

      @@willtawil4136 Thank you. I truly appreciate you. Best wishes to you.

  • @weisfamilymn
    @weisfamilymn 6 วันที่ผ่านมา

    This was super helpful! I tried to understand the math problems in my workbooks and your method and explanation got it t click in my brain. Thank you so much, especially for explaining what items fall under PART and TOTAL. No one has ever explained that so I was always guessing. You’re a lifesaver!!

    • @JustCallMaggie
      @JustCallMaggie 6 วันที่ผ่านมา

      @@weisfamilymn Thank you for your kind words. I’m happy to hear this method works for you. Best of luck!!

  • @MitchelleJean-b6s
    @MitchelleJean-b6s 6 วันที่ผ่านมา

    This is exactly what I needed, similar questions were only exam! thank you!

    • @JustCallMaggie
      @JustCallMaggie 6 วันที่ผ่านมา

      @@MitchelleJean-b6s oh wow. Glad to hear. Thank you. Best of luck to you!

  • @antonyj5732
    @antonyj5732 6 วันที่ผ่านมา

    18:18. - it says life tenant can sell the property , thought they are not allowed to sell it

    • @JustCallMaggie
      @JustCallMaggie 6 วันที่ผ่านมา

      @@antonyj5732 it can be sold with the permission of the remaindermen.

  • @abigailpuentes1028
    @abigailpuentes1028 6 วันที่ผ่านมา

    Maggie! Thank you so much for all your videos! Today I took my national exam portion and I passed on my second rodeo! Much love from Chicago! ❤️

    • @JustCallMaggie
      @JustCallMaggie 6 วันที่ผ่านมา

      @@abigailpuentes1028 awesome!! Congratulations on passing your exam!! Thank you for your kind words.

  • @tonigirl5959
    @tonigirl5959 8 วันที่ผ่านมา

    You are The Best teacher!! Thank you Maggie!

    • @JustCallMaggie
      @JustCallMaggie 8 วันที่ผ่านมา

      @@tonigirl5959 Thank you so much. I appreciate you. Good luck!!

  • @wakeyourface_beauty2060
    @wakeyourface_beauty2060 8 วันที่ผ่านมา

    You broke this down in the simplest way, THANK YOU!!!!

    • @JustCallMaggie
      @JustCallMaggie 8 วันที่ผ่านมา

      @@wakeyourface_beauty2060 glad to hear. Thank you. Best of luck to you.

  • @willtawil4136
    @willtawil4136 8 วันที่ผ่านมา

    Great

    • @JustCallMaggie
      @JustCallMaggie 8 วันที่ผ่านมา

      @@willtawil4136 Thank you

  • @anthonyguarnieri3596
    @anthonyguarnieri3596 9 วันที่ผ่านมา

    you made a mistake on time spot 22:54 you gave the final answer of what the 2 points were worth you have to divide that, they want what one point is worth

    • @JustCallMaggie
      @JustCallMaggie 8 วันที่ผ่านมา

      @@anthonyguarnieri3596 yes. Thank you. Glad you caught that!

    • @anthonyguarnieri3596
      @anthonyguarnieri3596 7 วันที่ผ่านมา

      @@JustCallMaggie It threw me off, I was like wait how can that be. I used Chat gbt to confirm what I thought LOL Im just learning, couldnt believe I caught that. I love your method cant wait to see the rest of your videos and get it down pat.

    • @JustCallMaggie
      @JustCallMaggie 7 วันที่ผ่านมา

      @ good. That means you’re off to a great start and you’re believing in yourself and checking your facts. Great work!! I love the confidence in yourself. That’s a great sign. Thank you for being nice about my mistake 🥴

    • @goeshelocs2405
      @goeshelocs2405 4 วันที่ผ่านมา

      Thank you for this chart. The fact that we caught the error shows that you really taught us the formula or else the 5k answer wouldn't have puzzled us! Thank you thank you thank you

    • @JustCallMaggie
      @JustCallMaggie 4 วันที่ผ่านมา

      @ you’re so right! I didn’t even think about that. Well, great job then. Quite the accomplished students. I love it!!

  • @Deesaigh
    @Deesaigh 10 วันที่ผ่านมา

    The answer is (B)

    • @JustCallMaggie
      @JustCallMaggie 10 วันที่ผ่านมา

      @@Deesaigh if the seller owes the money, it’s a debit to the seller. So the answer is B.

  • @kierrareid8061
    @kierrareid8061 11 วันที่ผ่านมา

    when are you live?

    • @JustCallMaggie
      @JustCallMaggie 10 วันที่ผ่านมา

      @@kierrareid8061 this week I’ll be live on TikTok on Thursday at 7pm and Friday at 11am EST.

  • @justmarie85
    @justmarie85 11 วันที่ผ่านมา

    I passed my exam December 19th. Thank you for your help. #2025ready

    • @JustCallMaggie
      @JustCallMaggie 11 วันที่ผ่านมา

      @@justmarie85 congratulations 🎉 great news!!! Thank you for your support 🤓🫶

  • @SophiaRoseDeLaO
    @SophiaRoseDeLaO 11 วันที่ผ่านมา

    So helpful! Thank you for a great channel 🤗

    • @JustCallMaggie
      @JustCallMaggie 11 วันที่ผ่านมา

      @@SophiaRoseDeLaO Thank you. I’m glad to hear my channel is helping you. Good luck on your exams!!

  • @jamiedudek7960
    @jamiedudek7960 11 วันที่ผ่านมา

    I am confused by the 132 days I keep getting 133

    • @JustCallMaggie
      @JustCallMaggie 11 วันที่ผ่านมา

      @@jamiedudek7960 Jan + Feb + Mar + Apr = 120 (each has 30 days). Then add the 12 days for May (120+12=132)

  • @DaMinion69420
    @DaMinion69420 12 วันที่ผ่านมา

    This video is excellent. This is the first time I understand this:)

    • @JustCallMaggie
      @JustCallMaggie 11 วันที่ผ่านมา

      @@DaMinion69420 awesome! Thank you so much. Good luck to you. Check out this video for more on proration 👉 th-cam.com/video/LL47mnmEkdI/w-d-xo.html

  • @karianphaphon8698
    @karianphaphon8698 12 วันที่ผ่านมา

    Is the test on paper or computer?

    • @JustCallMaggie
      @JustCallMaggie 11 วันที่ผ่านมา

      @@karianphaphon8698 on a computer

  • @MtsRiam
    @MtsRiam 12 วันที่ผ่านมา

    Hi are you looking for a professional TH-cam thumbnail designer and video SEO expert?