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Home > Academic Divisions > Business Division > Business Division

OREA Certified Residential License


Education:

Prior to January 1, 2008, a minimum of 120 hours of appraisal related education covering specific topics required by AQB, with at least 15 hours on USPAP; and, after January 1, 2008, a minimum of 300 hours of appraisal related education covering specific topics required by AQB, with at least 15 hours on USPAP.

Recommended preparation:

 ECC #

 Course Name

 Units

 RE 11  Principals of Real Estate  3 units
 RE 40  Real Estate Appraisal  3 units
 RE 41  Advanced Real Estate Appraisal  3 units
 Eng1A  English Composition  4 units
 Econ 1 or 2  Principals of Economics (Micro 1) or (Macro 2)  3 units
 Bus17  Personal Finance  3 units
 Math 40 or 60  Algebra (40), Geometry (60) or higher math  4 units
 Math 150  Statistics  4 units 
 CIS 13  Intro to Computers (Word processing/Spreadsheets)  3 units
 RE 12A or Law 5  Business or Real Estate Law  4 units

Experience:

A minimum of 2,000 hours of acceptable appraisal experience in no fewer than 12 months.  (Note: For DRE Brokers, check with OREA to see if 1,000 of experience equivalency can be used for R. E. Brokers license and experience on Comparative Market Analysis reports)

Exam: Must pass the AQB approved residential examination.

Click Here to access the OREA web site

 



 Last Updated On: 6/6/06