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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:
|
Course Number |
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 |
| Eng 1A | Reading and Composition | 4 units |
| Econ 1 or 2 | Principals of Economics (Micro 1) or (Macro 2) | 3 units |
| Bus 17 | Personal Finance | 3 units |
| Math 40 or 60 | Elementary Algebra (40), Elementary Geometry (60) or higher math | 4 units |
| Math 150 | Elementary Statistics with Probability | 4 units |
| CIS 13 | Introduction to Computers | 3 units |
| RE 12A or Law 5 | Legal Aspects of Real Estate (12A) or Contracts, Sales and Commercial Paper (5) | 3 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.
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