I just finshed my courses for real estate license sales person (CA) and I am worried about the test. Is it difficult or long, multiple choice? I am also interested in getting my apprasial lic. Any one have experince apprasing vs selling? Thanks for any info.
The RE agent license is a walk in the park, compared to an appraisers license. Appraisers test has a 40% fail rate. Here is what it takes to become a appraiser: Education and experience requirements To be eligible to become a state-certified residential real estate appraiser, you must meet all of the following education and experience requirements. There’s no specific order required to gain this education and experience. After you have completed these requirements, you’re eligible to take the state-certified residential appraiser exam. Experience Before you may take the exam, you must: Find a certified appraiser willing to supervise your work experience as a trainee. Work under the supervisory appraiser to get a minimum of 2 years’ real estate appraiser experience (24 months and 2,500 hours). Hours may be treated as cumulative in order to achieve the necessary hours of appraisal experience. Education To be eligible to take the exam, you must successfully complete: An associate degree or higher in any field or 21 semester hours (at least 3 semester hours each) in all of the following: English composition Principles of economics (micro or macro) Finance Algebra, geometry, or higher mathematics Statistics Introduction to computers: Word processing/spreadsheets Business or real estate law and A total of 200 classroom hours of approved real estate appraisal courses, including all of the following: Subject Hours required Basic appraisal principles 30 hours Basic appraisal procedures 30 hours Uniform Standards of Professional Appraisal Practice (USPAP) 15 hours Residential market analysis and highest and best use 15 hours Residential appraiser site valuation and cost approach 15 hours Residential sales comparison and income approaches 30 hours Residential appraiser report writing and case studies 15 hours Statistics, modeling and finance 15 hours Advanced residential applications and case studies 15 hours Electives 20 hours Good luck.
