Understanding the Appraisal Cost Approach

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The Division of Real Estate (Division) is releasing the third installment in a series of appraiser licensee advisories designed to achieve better compliance. This series of advisories has been developed from the Division’s review of work products from investigation and licensure applications, and are designed to provide a quick and easy-to-follow format that addresses the most common appraisal issues and frequently violated rules seen by the Division.

In this third installment of a four-part advisory series, licensees will learn how to be compliant with the “cost approach.” Take 5 minutes to review the advisory below so that you can be compliant in your appraisal practice and avoid any violations and discipline for failing to comply with the appraisal cost approach.

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