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OREA REAL ESTATE APPRAISAL
License: Leased Residential Real Property Appraiser
Education:
Prior to January 1, 2008, a minimum of 90 hours of appraisal related education covering the specific topics required by AQB, with at least 15 hours on USPAP; and, after January 1, 2008, a minimum of 150 hours of appraisal related education covering the specific topics required by AQB, with at least 15 hours on USPAP.
Recommended preparation:
| ECC | Prior to 01/01/08 | As of 01/01/08 | ||
| (RE11) | Real Estate Principles | 54 hours | 30 hours |
51 hrs |
| (RE40) | Real Estate Appraisal | 54 hours | 30 hours |
51 hrs |
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Real Estate Appraisal Standards and Ethics |
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15 hours | |
| --- | Residential Market Analysis and Highest and Best Use | --- | 15 hours | |
| --- | Residential Appraisal, Site Validation and Cost Approach | --- | 15 hours | |
| --- | Residential Sales Comparison and Income Approaches | --- | 30 hours | |
| --- | Residential Report Writing and Case Studies | --- | 15 hours | |
| Total | 150 hours |
| Experience: A minimum of 2,000 hours of acceptable appraisal experience. (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 |