REAL ESTATE APPRAISAL
TRAINEE LICENSE

Exam Qualification

REQUIRED EDUCATION (QUALIFICATION)
A minimum of 90 hours of appraisal related education covering the specific topics required by the Appraiser Qualifications Board (AQB), with at least 15 hours of Uniform Standards of Professional Appraisal Practice (USPAP).

PRIOR EXPERIENCE REQUIRED
None

STATE TRAINEE EXAMINATION
4 HOURS
100 QUESTIONS
GRADE of 75 to PASS*
*Graded on a point system. E.g., One question could be weighted for 1 point another for 5 points. Therefore a point grade must be achieved not a percentage based on total amount of questions answered.

TO USE LICENSE:
Must work under the technical supervision of a licensed appraiser. May assist on any appraisal within the scope of practice of the supervising appraiser.

Exam Qualification Program consists of 3 Courses

Basic Real Estate Appraisal

DRE Approval Number: 1342-92 (Felde Publications)

Credit Hours
45

Method of Completion
HomeStudy

Course Textbook
Basic Real Estate Appraisal

The Course
Although an entry-level text, all of the appraisal related topics required by OREA for appraisal licensing and certification have been included.

Assignments and Enrichment Exercises
Successful completion of this course requires completion of 15 Quiz Assignments and Enrichment Exercise.

Course Final Examination
Successful completion of the course requires the student to pass an open-book final examination of 100 multiple choice questions with a minimum grade of 70%. The examination must be taken under supervision by someone appointed by the school.

California Real Estate Principles

DRE Approval Number: 1884-02 (c) (Felde Publications)
OREA Approval Number #02327004 (Felde Publications)

*Note: Due to this course being additional approved by the Department of Real Estate, successful completion also meets the requirement needed to schedule the California Real Estate Salesperson License Examination.

Credit Hours
45

Method of Completion
Home Study (ACE Credit Approved - Felde Publications)

Course Textbook
Real Estate Principles in California
Authors: Stanley S. Reyburn, DBA and Arthur G. Bowman, J.D.

The Course

The course is based on a 477-page textbook "Real Estate Principles in California". The course provides an excellent introduction and overview of real estate which includes the field of appraising.

Assignments and Enrichment Exercises
The student is required to complete 15 reading assignments and 15 chapter quizzes of 10 questions each. The quizzes are sent to the school for grading (70% passing grade) and returned with the answers. In addition to these assignments, students are required to complete 3 exercises consisting of two essays and one assignment containing 25 math problems with multiple-choice answers.

Course Final Examination
Successful completion of the course requires the student to pass a closed-book final examination of 100 multiple choice questions requiring a minimum grade of 70% to pass. The examination must be taken under supervision by someone appointed by the school.

Course Content
An entire chapter is devoted to each of the following topics...

Introductions to the Study of Real Estate: Career Opportunities
Nature and Description of Real Property
Estates and Interests in Real Property: Methods of Ownership
Acquisition and Transfer of Title: The Impact of Recording
Agency and the Role of the Broker
Real Estate Contracts and Their Use
Real Estate Finance - The Role of Voluntary Liens in Real Estate
Government Interface with Lenders and other Lender Issues
Involuntary Liens: Homestead's Role in the Process
Taxes and Assessments, Income Tax Aspects of Property Ownership
Property Valuation - The Appraisal Process
Forces of a Public and Private Nature that Influence Value
The Role of Escrow and Title Insurance: Other Types of Insurance
Leases and the Landlord/Tenant Relationship - Landlord Tenant Overview
Creating a Real Estate Investment Threshold: Overview of the Real Estate Industry

USPAP

UNIFORM STANDARDS OF PROFESSIONAL APPRAISAL PRACTICE

Credit Hours: 15 (Certificate with approval number will be supplied by the selected Course Provider)

Method of Completion
"Live" Classroom Instruction by an OREA and AQB qualified USPAP Instructor.

The Course
Based on the Appraisal Foundations most current edition of "Uniform Standards of Professional Appraisal Practice"

Covers
The preamble, Standards, Standards Rules, Statements of Appraisal Standards, Advisory Opinions and any other currently required topics

FOR USPAP SCHEDULE OF LIVE CLASSES CALL 1-800-878-1929

APPRAISAL TRAINEE LICENSE
QUALIFICATION PROGRAM

$750

Free shipping and a Free Exam Prep Textbook

Program includes Three Courses:

Basic Appraisal - Homestudy (45 hours)
*DRE Approval Number 1342-92 (Felde Publications)

USPAP - Classroom (15 hours)
Uniform Standards of Professional Appraisal Practice
*Certificate with approval number to be given by Course Provider

* CSRE is an approved referral agent for Felde Publication & Programs and Anthony Schools

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