PART 01 General Real Estate Studies

Chapter 1 Real Estate Studies
Chapter 2 Real Estate Activities
Chapter 3: The Concept of Real Estate
Chapter 4 Classification of Real Estate
Chapter 5 Characteristics of Real Estate
Chapter 6: The Nature of Real Estate Value
▣ General Real Estate Studies Past Exam Questions

PART 02 Economics

Chapter 1: Supply and Demand Model
Chapter 2: Using the Supply and Demand Model
Chapter 3 Elasticity of Supply and Demand Model
Chapter 4 Economic Theory Calculation Problems
▣ Economics Theory Past Exam Questions

PART 03 Market Theory

Chapter 1 Real Estate Market and Housing Market
Chapter 2 Real Estate Market and Information Efficiency
Chapter 3: Changes in the Real Estate Market
Chapter 4 Market Theory Calculation Problems
▣ Market Theory Past Questions

PART 04 Real Estate Policy Theory

Chapter 1: Understanding Real Estate Policy
Chapter 2 Market Failure and Government Intervention
Chapter 3 Rental Housing and Public Housing Policies
Chapter 4 Real Estate Tax Policy
Chapter 5 Various Real Estate Policies
Chapter 6 Policy Theory Calculation Problems
▣ Real Estate Policy Theory Past Exam Questions

PART 05 Investment Theory

Chapter 1: Profits and Risks of Real Estate Investment
Chapter 2 Investment Decision Theory
Chapter 3 Risk Management
Chapter 4: Basic Tools of Investment Analysis
Chapter 5 Real Estate Investment Analysis Techniques
Chapter 6 Investment Theory Calculation Problems
▣ Investment Theory Past Questions

PART 06 Financial Theory

Chapter 1: Understanding Finance
Chapter 2 Loan Amount and Interest Rate
Chapter 3 Loan Repayment Methods
Chapter 4: Mortgage-Backed Securitization System
Chapter 5: Indirect Real Estate Investment System
Chapter 6 Other Real Estate-Related Financial Systems
Chapter 7 Financial Theory Calculation Problems
▣ Financial Theory Past Questions

PART 07 Real Estate Development Theory, etc.

Chapter 1 Real Estate Development Theory
Chapter 2 Real Estate Management
Chapter 3 Real Estate Marketing
Chapter 4: Real Estate Utilization Theory
Chapter 5 Real Estate Brokerage, etc.
Chapter 6 Real Estate Development Theory Calculation Problems
▣ Real Estate Development Theory and Other Past Exam Questions

PART 08 Land Economy and Geographic Economy

Chapter 1 Land and Land Value Theory
Chapter 2: Theory of Urban Internal Structure
Chapter 3 Industrial Location Theory
Chapter 4: Commercial Location Theory
Chapter 5: Residential Location Theory
Chapter 6: Commercial Location Theory Calculation Problems
▣ Land Economy and Geography Economics Past Exam Questions

PART 09 Emotional Valuation Theory

Chapter 1: Real Estate Value Theory
Chapter 2 Regional and Individual Analysis
Chapter 3 Real Estate Pricing Principles
Chapter 4: Appraisal System
Chapter 5: Understanding Appraisal Methods
Chapter 6: How to Calculate Value
Chapter 7: How to Find Rent
Chapter 8: Evaluation Methods by Item
Chapter 9 Real Estate Price Disclosure System
Chapter 10: Calculation Problems in Emotional Valuation Theory
▣ Emotional Valuation Theory Past Exam Questions

The revised edition of the textbook, '2026 Real Estate Appraiser Basic Theory (7th Edition)' has been published by Parkmungak Publishing Co., Ltd.


This book is a basic textbook on real estate theory for the first real estate appraiser exam, and it covers in depth the types of real estate appraisals, including general real estate theory, economics, market theory, real estate policy theory, investment theory, finance theory, real estate development theory, land economics and geographical economics, and appraisal theory.

Additionally, this textbook contains past exam questions to enable systematic study of real estate studies, making it easier and more efficient to study.
We have included past exam questions and explanations for each unit to help you understand and organize the types of questions from the early stages of exam preparation.

I sincerely hope that your valuable efforts will be rewarded with the joy of passing the exam.
I wish all test takers success in their exams.