Episode Details

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. This episode covers content for the National Real Estate Exam. In this episode you will learn: • The core logic of the principle of substitution and how it dictates market value. • Why the subject property remains fixed while adjustments are applied exclusively to comparables. • How to use the CIA and CBS mnemonics to accurately calculate adjustment values. • Why properties with the fewest and smallest adjustments are prioritized over those requiring major changes. • The importance of using arm’s length transactions and weighted reconciliation instead of simple averaging. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or Youtube Channel: https://www.youtube.com/@Open-exam-prep