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 I |
54 hours |
30 hours |
51 hrs |
|
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|
Real Estate Appraisal
Standards and Ethics |
--- |
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 |
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