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LESSON TEN

This lesson explores key concepts in real estate regarding property qualification for loans and appraisal methods. "Qualifying the property" involves assessing a property's eligibility for financing based on various factors. Properties are appraised using three approaches to value: the cost, sales comparison, and income approaches. Additionally, we discuss how organizations like Fannie Mae and Freddie Mac shape property standards in the market. Finally, we define "marketability" and its significance in determining a property's worth and appeal in the real estate market.

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LESSON TEN

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