Online Courses
Overview
Our Real Estate and Appraisal courses are available for Washington State Colleges to offer for continuing education upon request.
The courses have been offered at various colleges since 2003. The courses are self-paced delivered online using the Learning Management System (LMS) used in WA Colleges. Shirley Baenen is the instructor for the Real Estate and appraisal courses. The instructor monitors your progress and answer questions five days a week during the quarter using the LMS email function. The courses require textbooks.
Washington Real Estate Fundamentals
Clock Hours: 60
This entry-level course covers the required curriculum approved by WA DOL and is required for the WA State Brokers License Exam. This course covers ownership rights, contract and agency laws, listing agreements/procedures, selling process, valuation, finance, leasing/property management, landlord/tenant law, license law and fair housing. This is appropriate for buyers, sellers, investors or anyone seeking a Real Estate Brokers License.
Required textbook.
Real Estate Practices
Clock Hours: 30
This is the second course required in order to take the Brokers License Exam, and covers the required curriculum approved by WA DOL. The course explore agency relationships, listings and evaluation techniques, in-depth analysis of purchase and sale agreements, residential financing, closing process, marketing, negotiations, business skills/procedures, environmental issues, government agencies and real estate math.
Required Prerequisite: Washington Real Estate Fundamentals.
Required textbook.
Principles of Appraising
Clock Hours: 30
Required for appraiser licensing/certification. The course meets The Appraisal Foundation criteria for Basic Appraisal Principles 30 Clock Hour course and appraiser pre-licensing education. Covers economic principles impacting appraisals, forms of ownership, appraisal tasks, principles of supply and demand, approaches to value (Cost, Income, Sales Comparison): current issues. Graded student project.
Required textbook.
Appraisal Procedures
Clock Hours: 30
Meets The Appraisal Foundation criteria and WA Dept. of Licensing for Basic Appraisal Procedures 30 Clock Hour course and appraiser pre-licensing education. Students apply knowledge from “Principles of Appraising”, developing graded form reports; applying techniques to form and narrative reports. Includes overview of approaches to value and valuation procedures for residential applications.
Required Prerequisites: Principles of Appraising.
Required textbook.
Supervising the Trainee Appraiser: National Regulations & Responsibilities
Clock Hours: 4
This Is a required course for Registered Trainees and their Supervisors. The course is an overview of the minimum set by The Appraisal Foundation Qualifications Board and the WA Dept. of Licensing qualifying criteria for Supervisory Appraisers. It covers appraiser ethics, competency and the specific roles and responsibilities of Supervisory Appraisers and Trainee Appraisers.
Required textbook.
Additional Courses
Residential Market Analysis & Highest and Best Use
Clock Hours: 15
Meets Appraisal Foundation criteria and requirements for 15 Clock Hour appraiser pre-licensing. Analyze market forces effecting reporting values. Students acquire tools needed to properly collect and analyze market data. The concept of Highest and Best Use is also covered in detail. There is a case study and final exam.
Required textbook.
Residential Site Valuation & Cost Approach
Clock Hours: 15
Meets Appraisal Foundation criteria and requirements for 15 Clock Hour appraiser pre-licensing. Students learn the various theories and methodologies for performing residential site valuation and developing the Cost Approach. Various costing methods will be discussed and examined. The course includes a case study and final exam.
Required textbook.
Residential Report Writing
Clock Hours: 15
Meets Appraisal Foundation criteria and requirements for 15 Clock Hour appraiser pre-licensing. The course explains USPAP Rules and the reporting options. The most common residential appraisal reporting form, URAR, will be illustrated along with discussions of other forms. The course includes a case study and final exam.
Required textbook.
Residential Sales Comparison & Income Approach
Clock Hours: 30
Meets Appraisal Foundation criteria and requirements for 30 Clock Hour appraiser pre-licensing. Course is designed to provide the student with a comprehensive knowledge of the development and application of the Sales Comparison approach and the Income approach in residential appraisal assignments. The course includes a project and final exam.
Required textbook.