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Online Courses


Overview

Shirley Baenen has developed qualifying courses for real estate licensing. These courses are currently being offered at Bellevue College. As described on the Bellevue College Real Estate website, these courses are approved by Washington Department of Licensing, and can also be used for continuing education for real estate professionals. 

Please visit Bellevue College for detailed course descriptions and registration information.


Washington real estate fundamentals

Clock Hours: 60

This Washington State DOL-approved entry-level course is designed for buyers, sellers, investors, and any others interested in obtaining a real estate license. Topics include ownership rights, contract law, agency law, listing agreements and procedures, the selling process, valuation, finance, leasing, property management, landlord tenant law, license law and fair housing.

Required textbook: Mastering Real Estate Principles, 7th Edition. Real Estate Education Company.


Real estate practices

Clock Hours: 30

This is the second required course prior to the first broker's license. Explore agency relationships, listings and evaluation techniques, in depth review of purchase and sale agreements, residential financing, the closing procedures, environmental issues, government agencies, marketing, negotiation, business skills and procedures related to the practice of real estate, and license law.

Required Prerequisite: Washington Real Estate Fundamentals. 

Required textbook: Modern Real Estate Practices, 19th Edition update, Real Estate Education Company. 


Principles of appraising

Clock Hours: 30

Required for appraiser licensing and certification. Meets criteria set by the Appraisal Foundation for Basic Appraisal Principles. Includes, economic principles impacting appraisals, forms of ownership, appraisal tasks, principle of supply and demand. Approaches to value: Cost, Income, Sales Comparison. Current issues. Graded student project. Approved for continuing education for real estate licensees.

Required textbook: Fundamentals of Real Estate Appraisal, 12th Edition.


Appraisal Proceedures 

Clock Hours: 30

Prerequisites: Principles of Appraising. Meets criteria set by the Appraisal Foundation for Basic Appraisal Procedures and for appraiser pre-licensing education. Students apply knowledge learned in “Principles of Appraising” by developing graded form reports, and applying techniques to narrative reports. Includes overview of approaches to value and valuation procedures for residential applications. Approved for continuing education for real estate licensees. 

Required textbook: Basic Appraisal Procedures, 3rd Edition


Residential market analysis & Highest and best use 

Meets the criteria set by The Appraiser Foundation for Residential Market Analysis and Highest and Best Use. Identifying and analyzing market forces effecting the buyers' and sellers’ behavior is key to understanding and reporting values. This course is designed to give students the tools needed to properly collect and analyze market data. Markets, sub-markets, market segmentation, supply side analysis, demand analysis, and the importance of market analysis to the appraisal process are covered in the first half of this course. The second half focuses on the theory of Highest and Best Use. The two-step analysis along with the four tests for Highest and Best Use are covered in detail. The course includes a case study and final exam. 

Required textbook: Market Analysis & Highest & Best Use, 2nd Edition.


This course meets the criteria set by The Appraiser Foundation for Residential Site Valuation and Cost Approach. This course will help students gain valuable insight and a working knowledge of the various theories and methodologies for performing residential site valuation and developing the Cost Approach in appraisal practice. Various costing methods will be discussed and applications of the cost approach in residential appraising will be examined. The important distinction between Replacement Cost New and Reproduction Cost New will be discussed, along with an in-depth look at accepted methods for estimating accrued depreciation. The course includes a case study and final exam. 

Required textbook: Residential Site Valuation & Cost Approach, 2nd Edition. 

This course is approved by the Washington Dept. of Licensing for 15 Clock Hours for appraisers pre-licensing education. It is also approved by the DOL as education for Real Estate Licensees in addition to Appraiser pre-licensing. 

RESIDENTIAL SITE VALUATION AND COST APPROACH


Meets the criteria set by The Appraiser Foundation for Residential Report Writing and Case Studies is deeply rooted in appraisal professional standards and best practices of an appraiser when communicating the opinions and conclusions of a residential appraisal. The course commences with a detailed discussion of USPAP Rules and the reporting options permitted by STANDARD 2. Appraisal writing skills are then overviewed along with several examples of how the reasoning of an appraiser is expressed in typical appraisal reporting situations. Common reporting issues are then explored to illustrate the level of detail required in appraisal commentary so that appraisal reports are clear and not misleading (or fraudulent). Finally, the most common residential appraisal reporting form, the Uniform Residential Appraisal Report (URAR), will be fully illustrated along with the requirements of the Uniform Appraisal Dataset (UAD). The course concludes with an overview of several of the most common residential appraisal forms. Within each section of the course are numerous compelling case studies to assist reinforcement of learning. The current version of USPAP is recommended for reference during the course. The course includes a case study and final exam. 

Required textbook: Residential Report Writing & Case Studies, 2nd Edition. 

This course is approved by the Washington Dept. of Licensing for 15 Clock Hours for appraisers pre-licensing education. It is also approved by the DOL as education for Real Estate Licensees in addition to Appraiser pre-licensing.

RESIDENTIAL Report Writing

 


The course commences with an overview of national and state appraisal regulatory bodies as well as a comprehensive discussion of the minimum Appraiser Qualifications Board and the WA Dept. of Licensing qualifying criteria for supervisory appraisers and the various appraiser classifications. Obligations of appraiser ethics and competency are also discussed with a focus on supervisory appraisers and trainees. The course concludes with specific roles and responsibilities of supervisory appraisers and trainee appraisers, including a final chapter that serves as a best practices checklist, designed to ensure thorough and meaningful supervisory oversight, and best practice development by trainees in appraisal development and reporting. Approved for 4 Clock Hours. 

Required textbook: Supervising The Trainee Appraiser: National Regulations and Responsibilities

SUPERVISING THE TRAINEE APPRAISER: NATIONAL REGULATIONS AND RESPONSIBILITIES