Real Estate Appraisal (ProctorFree)

$145

This product includes:

LICENSE RENEWAL PERIOD: 2 YEARS Elective Hours: 0 Mandatory Hours: 30 Total Hours: 30

Description

Renewal Requirements

This course covers real estate appraisal topics geared toward real estate licensees. No, you're not an appraiser, but the state requires licensees to have a thorough understanding of the appraisal process. Why? Several reasons. Among these:

Most transactions are dependent on financing and financing requires an appraisal.
An understanding of valuation methods used by appraisals will assist you in performing more realistic comparative market analyses.
When properties don't appraise, sale fails can occur. An understanding of how an appraiser arrived at a value estimate will help you decide whether it's worth contesting the appraisal.

Topics include central purposes and functions of an appraisal, social and economic determinant of value, cost, market date and income approaches to value estimates, final correlations, and reporting. The course also includes case studies.

Package Content:

State Requirements For Texas

Texas State Requirement Details for Real Estate Post-Licensing Education

If you are renewing for the first time, active or inactive, you must have a total of 270 qualifying real estate course hours, 4 hours of TREC’s Legal Update I, and 4 hours of TREC’s Legal Update II posted to your license record prior to submitting your renewal. If you have been made a supervisor by your broker, you must also complete the 6-hour Broker Responsibility course to renew.

If you submitted a total of 180 hours to satisfy the initial education requirements, you may complete the courses below to satisfy your first renewal.

Hours Required by the State: 98 hours