Real Estate Appraisal
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.
State Requirements For Texas
Texas State Requirement Details for Real Estate Broker Pre-Licensing Education
Hours Required by the State: 270 classroom hours of qualifying real estate courses, including the following mandatory courses:
- Principles of Real Estate I (30 classroom hours)
- Principles of Real Estate II (30 classroom hours)
- Law of Agency (30 classroom hours)
- Law of Contracts (30 classroom hours)
- Promulgated Contracts Forms (30 classroom hours)
- Real Estate Finance (30 classroom hours)
- Real Estate Brokerage* (30 classroom hours)
Additional Courses Required to Meet the 270 Required Hours:
- Real Estate Appraisal (30 classroom hours)
- Real Estate Investment (30 classroom hours)
*The Real Estate Brokerage course must be completed within two years before the application date.
An additional 630 classroom hours in related qualifying courses acceptable to the Commission or approved Continuing Education (CE) courses. A bachelor's degree or higher from an accredited college or university satisfies all of the related education requirements for a broker license. A copy of the college transcript awarding the degree must be submitted as evidence of completion of the degree.
Licensing Exam: The licensing exam is administered by PearsonVue. Registration for the state licensing exam is an entirely separate process from proctoring for your course final exam. For instructions to register for your state licensing exam and further information, please click here.
TEXAS REAL ESTATE REGULATORY AGENCY:
Texas Real Estate Commission
Street Address: Stephen F. Austin Building, 1700 N. Congress Ave., Suite 400, Austin, TX 78701
Mailing Address: P.O. Box 12188 Austin, TX 78711-2188
Telephone: 512-936-3000
Texas Real Estate Commission Website
Salesperson License Renewal Website