General Information Page
Real Estate Appraisal
This course is sponsored by 360training.com, Inc.
(DRE Sponsor ID#4350)
6801 N Capital of Texas Hwy, Suite 150, Austin, TX 78731
When a student selects a course from the online course catalog, the following information is presented to them in a pop-up window.
This course is approved for continuing education credit by the California Department of Real Estate. However, this approval does not constitute an endorsement of the views or opinions which are expressed by the course sponsor, instructor, authors, or lecturers.
Text Book Information:
Title: Real Estate Appraisal
Author: 360training.com, Inc.
Copyright Date: 08/06/2014
Course Description: In order to own and convey property in a market economy it is necessary for that property to be assigned a specific monetary value. This process, unlike, say, that of assigning value to durable goods — which have specific materials, production and marketing costs — can be somewhat more involved. With property, the fixed costs — building materials and labor costs — are always accompanied by more esoteric factors that go to make property more (or less) valuable. Becoming a member of the group that understands and applies these factors is a bit more complex than simply being able to understand a balance sheet.
The objective of this course is to familiarize the student with the principles, theories, duties and activities that pertain to real estate appraisal and valuation. Developing an opinion of value is what the real estate appraiser does, but, as we've alluded to, this is far from an effortless process. Understanding the obligation of the real estate industry to promote professionalism and ethical business practices is a beginning to being able to carry out this process such that it is beneficial to licensees, consumers and the market in which they do business.
As well as touching upon general standards by which the value of property should be established, this course is broken down into separate lessons which cover:
– The Role of a Real Estate Appraiser
– Federal Legislation and National Agencies Governing the Industry
– An Overview of Basic Value Principles
– The Dynamics of the Real Estate Market
– Three Approaches to Appraisal
– The Appraisal Process
– Appraisal Standards and Enforcement in California
– Real Estate Appraisal Practice Exercises
Completing this course will leave the student with a good understanding of fundamental principles of appraisal, methods of real estate valuation, the various kinds of appraisal licensure and certification, the diverse types of appraisal, and what license or certificate is appropriate for given ones. In addition, the course examines the ways in which appraisal can affect both the larger economy and the availability of housing. The course concludes with real-world practice lessons in which students apply their new knowledge to examples and case studies.
Hours of Continuing Education Credit: 5 hours
Method of Presentation: This course is delivered entirely through the internet, including the final exam. No printed materials are provided.
Course Offering Category: Consumer Protection
Course Completion Time Limits: You have 12 months from date of purchase to complete this course.
All tuition and fees paid for the course are due and refundable when: (a) the course of instruction is discontinued by the school, preventing a student from completing the course; OR (b) the enrollment of student was procured because of any misrepresentation in advertising, promotion materials of the school, or representation made by an owner or employee of the school. All refunds will be completed within 30 days after the effective date of enrollment termination
Our authentication system incorporates a mechanism for preventing fraud by ensuring that the student registered for the course is engaged in the course material. During course enrollment, students create a personal registration profile by entering personal information on a secure page so that the provider may process certification. The required information may include driver's license number, address, and form of payment. During registration, the system also prompts the user for additional personal validation information used during the course: "How many doors does your vehicle have?" / "How did you renew your driver's license last?" / etc.
Randomly, the user is prompted with a personal validation question at several points during the course; these questions are based on the answers provided by the student during registration. Additionally, the questions are timed and must be answered correctly for the trainee to proceed with the course. If the question supplied is incorrect, the course is suspended and the trainee is prompted to call the provider to explain why they failed validation. Their information is verified by a trainer who can then remotely unlock the course to allow the student to proceed with the coursework. If this personal information is not verified, the provider will suspend the student from any further access, refund any tuition payments collected and take the appropriate administrative enforcement actions. This validation sequence is enforced randomly on multiple occasions upon entering, taking and exiting the course.
At the end of each lesson there will be a short quiz of 10 multiple choice questions. You must pass this quiz with a 70% or better to move forward with the course. The quiz will be automatically graded as you complete it. Failure to pass the quiz with 70% will result in repeating the lesson.
Final Examination Rules:
For the final exam, the student will have 20 minutes to complete the closed-book exam. The final exam consists of twenty (20) multiple choice questions. The student will need to score 70% or better to pass the exam. The student will be given 1 minutes per question to answer the questions during the final exam. The student will not be able to print or download the exam. After the 20 minutes, have passed the student will automatically be logged out of the final.
Please note that the student will have (2) chances to take the final exam.
DRE Regulation 3007.3(c) will only allow students to take exams for a maximum of 15 approved credit hours in any 24-hours period.
Online Evaluation Statement:
A course and instructor evaluation is available on the California Department of Real Estate (DRE) website at www.bre.ca.gov. Access this form by typing in "RE 318A" in the search box located in the upper right corner of the home page.
Course Provider Complaint Statement:
A course provider complaint form is available on the California Department of Real Estate (DRE) website at www.bre.ca.gov. Access this form by typing in "RE 340" in the search box located in the upper right corner of the home page. An informational form regarding course provider complaints, "RE 340A" is also available.