2026 Park Moon-gak Real Estate Appraiser 2nd Geo Appraisal Theory Sub-Note
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Description
Book Introduction
I sincerely hope that all students studying with this book will pass the final exam to become a certified real estate appraiser.
▷ Concept Notes on the Core Contents of Emotional Assessment Theory
By logically organizing the overall system and table of contents of emotional evaluation theory, we have maximized learning efficiency by organizing only the content presented in this textbook.
▷ Sub-notes for summarizing and organizing emotional assessment theory
The Appraisal Theory Subnotes (4th Edition) are summarized and organized so that anyone can easily understand and efficiently memorize the general and specific areas of appraisal theory, and systematically study appraisal and real estate studies.
▷ Passing Notes for the Final Summary of Emotional Assessment Theory
We sincerely hope that the students studying through this textbook, which is the final summary of appraisal theory, will pass the final exam as appraisers and continue to develop as appraisers.
It also reflects the contents of recent legal revisions.
▷ Concept Notes on the Core Contents of Emotional Assessment Theory
By logically organizing the overall system and table of contents of emotional evaluation theory, we have maximized learning efficiency by organizing only the content presented in this textbook.
▷ Sub-notes for summarizing and organizing emotional assessment theory
The Appraisal Theory Subnotes (4th Edition) are summarized and organized so that anyone can easily understand and efficiently memorize the general and specific areas of appraisal theory, and systematically study appraisal and real estate studies.
▷ Passing Notes for the Final Summary of Emotional Assessment Theory
We sincerely hope that the students studying through this textbook, which is the final summary of appraisal theory, will pass the final exam as appraisers and continue to develop as appraisers.
It also reflects the contents of recent legal revisions.
- You can preview some of the book's contents.
Preview
index
PART 01 Emotional Valuation Theory Concept Notes
General
Chapter 01 Understanding Real Estate
Chapter 02 Understanding Value and Price
Chapter 03 Understanding the Pricing Principle
Chapter 04 Understanding Land Theory and Land Price Theory
Chapter 05 Understanding the Real Estate Market
Chapter 06 Understanding Real Estate Market Analysis
Chapter 07 Understanding Emotional Assessment
Chapter 08-09 Appraisal Procedure, Appraisal Report
Chapter 10: Methods of Emotional Assessment
Specifics
Chapter 01 Transaction Case Comparison Method
Chapter 02 Publicly Announced Land Price Standards Act
Chapter 03 Cost method
Chapter 04 Profit Recapture Method
Chapter 05 Extension and Application of the 3-Way
Chapter 06 Lease Evaluation
Legal standards
PART 02 General Theory of Emotional Valuation
Chapter 01 Understanding Real Estate
Section 1. Concept of Real Estate
Section 2 Classification of Real Estate
Section 3 Characteristics of Real Estate
Section 4 Other Issues
Chapter 02 Understanding Value and Price
Section 1: The Concept of Value and Price
Section 2 Characteristics and Functions of Real Estate Value (Gap)
Section 3 Value Pluralism
Section 4 Comparison of Fair Value and Market Value
Section 5 Comparison of Investment Value and Market Value
Section 6 Market Value
Section 7 Value other than market value
Section 8: Theory of Value and Theory of Estimation of Value
Section 9 Value Creation Factors
Section 10 Value Formation Factors
Section 11 Price Formation Process
Section 12: Rules in the Price Formation Process
Chapter 03 Understanding the Pricing Principle
Section 1 General Theory of Pricing Principles
Section 2 Contents of the Pricing Principle
Section 3: Most Effective Use
Chapter 04 Understanding the Real Estate Market
Section 1. Significance of the Real Estate Market
Section 2 Classification of the Real Estate Market
Section 3 Characteristics of the Real Estate Market
Section 4 Functions of the Real Estate Market
Section 5: Limitations of the Real Estate Market and Government Intervention
Section 6 Demand for Real Estate
Section 7 Supply of Real Estate
Section 8 Efficiency of the Real Estate Market
Chapter 05 Understanding Real Estate Market Analysis
Section 1 Real Estate Market Fluctuations
Section 2 General Analysis
Section 3 Regional Analysis
Section 4 Target area of regional analysis
Section 5 Individual Analysis
Section 6. Relationship between regional and individual analysis
Section 7. Relationship between standard use and most effective use
Section 8 Market Analysis
Section 9 Market Analysis in Real Estate Appraisal
Section 10: Relationship between the real estate market and the financial market
Chapter 06 Understanding Emotional Assessment
Section 1. Concept of emotional assessment and emotional assessment system
Section 2. The Need for Emotional Assessment
Section 3 Functions of emotional evaluation
Section 4 Social and Public Nature of Emotional Assessment
Section 5 Professional Ethics of Appraisal Corporations, etc.
Section 6. Scope of work of emotional assessment
Section 7 Classification of emotional evaluations
Chapter 07 Emotional Assessment Procedure
Section 1. Necessity of emotional evaluation procedures
Section 2 Appraisal Procedures
Chapter 08 Appraisal Report
Section 1 Preparation and entry of appraisal report
Chapter 09 Emotional Evaluation Methods
Section 1 Three methods of emotional evaluation
Section 2: Discussion on the use of three methods
Section 3 Discussion on Adjustment of Market Value
PART 03 Emotional Valuation Theory
Chapter 01 Transaction Case Comparison Method
Section 1 Collection and selection of transaction cases
Section 2. The necessity of collecting transaction cases
Section 3 Distribution Method
Section 4 Handling of unrepresentative transaction cases
Section 5. Precautions when analyzing transaction cases
Section 6 Normalization of Cases
Section 7 Comparison Elements
Section 8 Comparative Analysis and Modification Methods of Transaction Cases
Section 9: Measures to scientifically and objectively compare transaction cases
Chapter 02 Publicly Announced Land Price Standards Act
Section 1 Publicly Announced Land Price Standards Act
Chapter 03 Cost method
Section 1. Re-procurement costs
Section 2 Depreciation Adjustment
Chapter 04 Profit Recapture Method
Section 1 Overview of the Revenue Repatriation Act
Section 2 Profits subject to refund
Section 3 Capital Conversion Rate
Section 4: Method of Calculating Capital Conversion Rates in Practical Standards
Section 5 Capital Repayment Method
Section 6 Dynamic DCF Method
Chapter 05 Extension and Application of the 3-Way
Section 1 Regression Analysis
Section 2 Route Evaluation Method
Section 3 Addition method, deduction method, and development method
Section 4 Total Return Multiplier Method
Section 5 New emotional evaluation method
Chapter 06 Lease Evaluation
Section 1 Lease Evaluation
Section 2. Method of assessing rent
Section 3. Evaluation method of continuing rent
Section 4. Valuation of Leasehold Rights and Tenancy Rights
PART 04 Key Summary of Emotional Valuation Theory
Chapter 01 Key Summary 1
Chapter 02 Key Summary 2
Chapter 03 Key Summary 3
Chapter 04 Key Summary 4
Chapter 05 Key Summary 5
Chapter 06 Key Summary 6
Chapter 07 Key Summary 7
Chapter 08 Key Summary 8
Chapter 09 Key Summary 9
Chapter 10 Key Summary 10
PART 05 G-Two-letter Note
General
Chapter 01 Understanding Real Estate
Chapter 02 Understanding Price and Value
Chapter 03 Understanding the Pricing Principle
Chapter 04 Understanding the Real Estate Market
Chapter 05 Understanding Real Estate Market Analysis
Chapter 06 Understanding Emotional Assessment
Chapter 07 Understanding Emotional Assessment
Chapter 08 Others
Specifics
Chapter 01 Transaction Case Comparison Method
Chapter 02 Publicly Announced Land Price Standards Act
Chapter 03 Cost method
Chapter 04 Profit Recapture Method
Chapter 05 Extension and Application of the 3-Way
Chapter 06 Lease Evaluation
Chapter 07 Emotional Evaluation by Type
Chapter 08 Evaluation by Purpose
General
Chapter 01 Understanding Real Estate
Chapter 02 Understanding Value and Price
Chapter 03 Understanding the Pricing Principle
Chapter 04 Understanding Land Theory and Land Price Theory
Chapter 05 Understanding the Real Estate Market
Chapter 06 Understanding Real Estate Market Analysis
Chapter 07 Understanding Emotional Assessment
Chapter 08-09 Appraisal Procedure, Appraisal Report
Chapter 10: Methods of Emotional Assessment
Specifics
Chapter 01 Transaction Case Comparison Method
Chapter 02 Publicly Announced Land Price Standards Act
Chapter 03 Cost method
Chapter 04 Profit Recapture Method
Chapter 05 Extension and Application of the 3-Way
Chapter 06 Lease Evaluation
Legal standards
PART 02 General Theory of Emotional Valuation
Chapter 01 Understanding Real Estate
Section 1. Concept of Real Estate
Section 2 Classification of Real Estate
Section 3 Characteristics of Real Estate
Section 4 Other Issues
Chapter 02 Understanding Value and Price
Section 1: The Concept of Value and Price
Section 2 Characteristics and Functions of Real Estate Value (Gap)
Section 3 Value Pluralism
Section 4 Comparison of Fair Value and Market Value
Section 5 Comparison of Investment Value and Market Value
Section 6 Market Value
Section 7 Value other than market value
Section 8: Theory of Value and Theory of Estimation of Value
Section 9 Value Creation Factors
Section 10 Value Formation Factors
Section 11 Price Formation Process
Section 12: Rules in the Price Formation Process
Chapter 03 Understanding the Pricing Principle
Section 1 General Theory of Pricing Principles
Section 2 Contents of the Pricing Principle
Section 3: Most Effective Use
Chapter 04 Understanding the Real Estate Market
Section 1. Significance of the Real Estate Market
Section 2 Classification of the Real Estate Market
Section 3 Characteristics of the Real Estate Market
Section 4 Functions of the Real Estate Market
Section 5: Limitations of the Real Estate Market and Government Intervention
Section 6 Demand for Real Estate
Section 7 Supply of Real Estate
Section 8 Efficiency of the Real Estate Market
Chapter 05 Understanding Real Estate Market Analysis
Section 1 Real Estate Market Fluctuations
Section 2 General Analysis
Section 3 Regional Analysis
Section 4 Target area of regional analysis
Section 5 Individual Analysis
Section 6. Relationship between regional and individual analysis
Section 7. Relationship between standard use and most effective use
Section 8 Market Analysis
Section 9 Market Analysis in Real Estate Appraisal
Section 10: Relationship between the real estate market and the financial market
Chapter 06 Understanding Emotional Assessment
Section 1. Concept of emotional assessment and emotional assessment system
Section 2. The Need for Emotional Assessment
Section 3 Functions of emotional evaluation
Section 4 Social and Public Nature of Emotional Assessment
Section 5 Professional Ethics of Appraisal Corporations, etc.
Section 6. Scope of work of emotional assessment
Section 7 Classification of emotional evaluations
Chapter 07 Emotional Assessment Procedure
Section 1. Necessity of emotional evaluation procedures
Section 2 Appraisal Procedures
Chapter 08 Appraisal Report
Section 1 Preparation and entry of appraisal report
Chapter 09 Emotional Evaluation Methods
Section 1 Three methods of emotional evaluation
Section 2: Discussion on the use of three methods
Section 3 Discussion on Adjustment of Market Value
PART 03 Emotional Valuation Theory
Chapter 01 Transaction Case Comparison Method
Section 1 Collection and selection of transaction cases
Section 2. The necessity of collecting transaction cases
Section 3 Distribution Method
Section 4 Handling of unrepresentative transaction cases
Section 5. Precautions when analyzing transaction cases
Section 6 Normalization of Cases
Section 7 Comparison Elements
Section 8 Comparative Analysis and Modification Methods of Transaction Cases
Section 9: Measures to scientifically and objectively compare transaction cases
Chapter 02 Publicly Announced Land Price Standards Act
Section 1 Publicly Announced Land Price Standards Act
Chapter 03 Cost method
Section 1. Re-procurement costs
Section 2 Depreciation Adjustment
Chapter 04 Profit Recapture Method
Section 1 Overview of the Revenue Repatriation Act
Section 2 Profits subject to refund
Section 3 Capital Conversion Rate
Section 4: Method of Calculating Capital Conversion Rates in Practical Standards
Section 5 Capital Repayment Method
Section 6 Dynamic DCF Method
Chapter 05 Extension and Application of the 3-Way
Section 1 Regression Analysis
Section 2 Route Evaluation Method
Section 3 Addition method, deduction method, and development method
Section 4 Total Return Multiplier Method
Section 5 New emotional evaluation method
Chapter 06 Lease Evaluation
Section 1 Lease Evaluation
Section 2. Method of assessing rent
Section 3. Evaluation method of continuing rent
Section 4. Valuation of Leasehold Rights and Tenancy Rights
PART 04 Key Summary of Emotional Valuation Theory
Chapter 01 Key Summary 1
Chapter 02 Key Summary 2
Chapter 03 Key Summary 3
Chapter 04 Key Summary 4
Chapter 05 Key Summary 5
Chapter 06 Key Summary 6
Chapter 07 Key Summary 7
Chapter 08 Key Summary 8
Chapter 09 Key Summary 9
Chapter 10 Key Summary 10
PART 05 G-Two-letter Note
General
Chapter 01 Understanding Real Estate
Chapter 02 Understanding Price and Value
Chapter 03 Understanding the Pricing Principle
Chapter 04 Understanding the Real Estate Market
Chapter 05 Understanding Real Estate Market Analysis
Chapter 06 Understanding Emotional Assessment
Chapter 07 Understanding Emotional Assessment
Chapter 08 Others
Specifics
Chapter 01 Transaction Case Comparison Method
Chapter 02 Publicly Announced Land Price Standards Act
Chapter 03 Cost method
Chapter 04 Profit Recapture Method
Chapter 05 Extension and Application of the 3-Way
Chapter 06 Lease Evaluation
Chapter 07 Emotional Evaluation by Type
Chapter 08 Evaluation by Purpose
Publisher's Review
The revised edition of the textbook '2026 Appraisal Theory Sub-Note (4th Edition)' has been published by Parkmungak Publishing Co., Ltd.
The 2026 Appraisal Theory Subnotes (4th Edition) are designed for the 2nd Appraisal Examination, covering both general and specific areas of appraisal theory. This book is designed to be easily understood and efficiently memorized, enabling systematic study of appraisal and real estate studies.
Additionally, we have designed this textbook to maximize learning efficiency by 100% organizing the content presented in it.
We sincerely hope that the students studying through this textbook will pass the final exam for real estate appraisers and continue to develop as real estate appraisers.
I wish all test takers success in their exams.
The 2026 Appraisal Theory Subnotes (4th Edition) are designed for the 2nd Appraisal Examination, covering both general and specific areas of appraisal theory. This book is designed to be easily understood and efficiently memorized, enabling systematic study of appraisal and real estate studies.
Additionally, we have designed this textbook to maximize learning efficiency by 100% organizing the content presented in it.
We sincerely hope that the students studying through this textbook will pass the final exam for real estate appraisers and continue to develop as real estate appraisers.
I wish all test takers success in their exams.
GOODS SPECIFICS
- Date of issue: January 20, 2026
- Page count, weight, size: 304 pages | 190*260*30mm
- ISBN13: 9791175193260
- ISBN10: 1175193267
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