Sponsor #S0643

Objective / Careers:

Pre-licensing requirement for real estate agent or real estate broker license.

Registration and Course Length:

  • This course will take you through all the subjects mandated by the California Bureau of Real Estate, and includes instruction in Appraisal Principles, the Valuation Process and Problem Definition, Date Collection and Property Description, and Data Analysis. In real property appraisal, this mean understanding the basics of land, real property, personal property, real estate, real property rights, and the various types of real estate.
  • The Real Estate Appraisal consists of spending a minimum of a 45-hours reading and studying the course text book, taking the non-graded chapter quizzes and passing a final examination.
  • The final examination can be taken a minimum of 18 days from the date the students have access to the course materials.
  • No two courses can be completed in less than five weeks.
  • It is very important that the name used when submitting materials to the school is spelled exactly the same as the name under which you will be applying for your real estate license examination.
  • The final exam can be conducted under the supervision of a proctor, or it can be completed online with positive ID verification. Please ensure your ID, camera, internet connection, and browser are ready before you take the final exam.
  • Students can take the final exam 18 days after they start the course. If a student doesn’t score at least 70% and fails the exam, they must wait 18 days before they can try one more time. If they don’t pass on their second try, they will have to take the course again.
  • The student has a minimum of 2 ½ weeks studying the course. The maximum time a student has to complete the course is 12 months from the date of registration. If the final exam is not completed within this time, the course is expired and no credit will be given toward any part. If the student does not complete the course within the one year period, the student needs to re-enroll as a new student and pay the full tuition fee.

Textbook:

Real Estate Appraisal by Walt Huber, Levin P. Messick and William Pivar, 5th edition.

The following topics will be covered:

  1. Introduction (Mobile Technology Evolution)
  2. Understanding Value
  3. The Appraisal Process
  4. Property Description and Appraisal Math
  5. Data Collection and Analysis
  6. Site Valuation
  7. Residential Construction
  8. Cost Approach to Value
  9. Sales Comparison Approach to Value
  10. Income Approach to Value
  11. Reconciliation and Final Value Opinion
  12. The Appraisal Report
  13. Appraising Special Interests
  14. The Appraisal Profession

Financial Institutions and Regulations