District of Columbia Real Estate Courses

National Real Estate Prep xL - PSI

Prep xL by OnCourse Learning is a sophisticated exam prep tool that leverages adaptive learning technology to tailor study materials to meet your individual needs. Its personalized learning paths provide the optimal study experience to prepare you for the national information on your upcoming real estate license exam. This product should be used only after completion of the state pre-licensing course requirement.

Prep xL features:

Customized study plan including daily goals that adapt based on activity throughout the system.
Self-paced, comprehensive library of over 1,000 practice questions that will allow you to concentrate on specific topics based on your confidence and knowledge of the subject.
Full-length, timed exams that simulate an actual testing environment.
Real-time readiness data to track your progress and identify your strengths and areas of focus.

$59.00 ONLINE – SELF PACED

ENROLL IN NATIONAL REAL ESTATE PREP xL - PSI

National Real Estate Prep xL - Pearson Vue

Customized study plan including daily goals that adapt based on activity throughout the system.
Self-paced, comprehensive library of over 1,000 practice questions that will allow you to concentrate on specific topics based on your confidence and knowledge of the subject.
Full-length, timed exams that simulate an actual testing environment.
Real-time readiness data to track your progress and identify your strengths and areas of focus.

$59.00 ONLINE – SELF PACED

ENROLL IN NATIONAL REAL ESTATE PREP xL - PSI

National Real Estate Prep xL - AMP

Customized study plan including daily goals that adapt based on activity throughout the system.

Self-paced, comprehensive library of over 1,000 practice questions that will allow you to concentrate on specific topics based on your confidence and knowledge of the subject.

Full-length, timed exams that simulate an actual testing environment. Real-time readiness data to track your progress and identify your strengths and areas of focus.

$59.00 ONLINE – SELF PACED

ENROLL IN NATIONAL REAL ESTATE PREP xL - AMP

D.C. Appraisal Courses

Basic Appraisal Principles

Gain a foundation in appraisal principles. This course is an introduction to topics including legal considerations, what influences the value of real estate, real property concepts and characteristics, principles of economics, types of value and real estate markets and analysis, ethical considerations and highest and best use. This 30 hour course fulfills the Real Property Appraiser Qualification Criteria for the levels of Trainee up to Licensed Appraiser.

$349.00 ONLINE – SELF PACED

Enroll in Basic Appraisal Principles

Basic Appraisal Procedures

Want thorough insight into the process of valuation? Then this course is for you! During this 30-hour curriculum, students will learn the three approaches used by appraisers to reach the opinion of value (income capitalization, sales comparison and cost) and how to derive multipliers and rates. Also included is a guide through the sales comparison approach, which is comprised of checking the validity of information, organizing a comparative analysis, making adjustments, selecting comparison units, and conducting market research and reconciliation. Students will enjoy the hands-on completion of crucial sections of an appraisal report as well as gain insight into property description, design basics and construction. This course fulfills 30 hours of Real Property Appraisal Qualification Criteria for the levels of Trainee to Licensed Appraiser. It is advised to complete the Basic Appraisal Principles and Procedures Courses before taking this course.

$349.00 ONLINE – SELF PACED

Enroll in Basic Appraisal Procedures

Residential Appraiser Site Valuation & Cost Approach

Provides an introductory understanding of fundamental concepts of appraising. Focuses on the valuation of vacant land parcels and the development of the cost approach. Develops your skills by creating a current cost estimate using market extraction, interview techniques, and information provided by professional cost data sources. Covers the origin of the appraisal assignment to a final value estimate using various cost approach applications. Completion of Basic Appraisal Principles and Procedures Courses as a prerequisite for this course. Credit for 15 hrs of the 2008 Real Property Appraiser Qualification Criteria for the Licensed Appraiser level.

$199.00 ONLINE – SELF PACED

ENROLL IN RESIDENTIAL APPRAISER SITE VALUATION & COST APPROACH

Residential Market Analysis and Highest and Best Use

Make solid decisions in the valuation process. Understand the interdependence within the application of market analysis and highest and best use. Meeting 15 hours of Real Property Appraiser Qualification Criteria for appraisal Trainees up to Licensed Appraisers, this course highlights the association between cost, income capitalization and sales comparison (the three valuation concepts), highest and best use reasoning and analysis of the market. Basic Appraisal Principles and Basic Appraisal Procedures are both prerequisites for this course.

$199.00 ONLINE – SELF PACED

ENROLL IN RESIDENTIAL MARKET ANALYSIS AND HIGHEST AND BEST USE

Residential Report Writing and Case Studies

Demonstrates practical writing exercises necessary to produce convincing appraisal reports in daily practice. Objectives are achieved through the mastery and application of residential valuation procedures, grammar rules and writing techniques, and specific writing assignments based on a residential case study. Practice writing effective narrative comments for form appraisal reports and learn how to explain valuation procedures and conclusions to users of reports. Techniques applied in this course are useful in real-life situations. Completion of Basic Appraisal Principles and Procedures Courses as a prerequisite for this course. Credit for 15 hrs of the 2008 Real Property Appraiser Qualification Criteria for the Licensed Appraiser level.

$199.00 ONLINE – SELF PACED

ENROLL IN RESIDENTIAL REPORT WRITING AND CASE STUDIES

Residential Sales Comparison and Income Approaches

Provides an introductory understanding of fundamental concepts of appraising. Guides you through the different data that needs to be collected and reviewed during the appraisal process. Explains how to use sales comparison grids and how to search for public comparable sales data in a computerized database. Describes the income approach process and lists each of the steps in the process. Completion of Basic Appraisal Principles and Procedures Courses as a prerequisite for this course. Credit for 30 hrs of the 2008 Real Property Appraiser Qualification Criteria for the Licensed Appraiser level.

$349.00 ONLINE – SELF PACED

ENROLL IN RESIDENTIAL SALES COMPARISON AND INCOME APPROACHES

A URAR Form Review

This course is a detailed walkthrough showing how to complete the Uniform Residential Appraisal Report (URAR). Students will learn each step of the process as the course guides them through the sections and necessary fields of the form. At completion of this appraisal CE course, students should have a full understanding of how to complete the URAR reports in compliance with USPAP.

$89.00 ONLINE – SELF PACED

ENROLL IN A URAR FORM REVIEW

Appraisal Math and Statistics

A true understanding of appraisal math is essential for success as a real estate appraiser. This course offers students insight into key mathematical functions including the mathematics of finance, and calculating area and statistics involved in appraisal.

$99.00 ONLINE – SELF PACED

ENROLL IN APPRAISAL MATH AND STATISTICS

Cost Approach Overview

This introductory course is a hands-on learning exercise explaining cost approach valuation and the methods included in calculating it. Students will learn ways to estimate depreciation and cost. The course includes various examples to ensure proper understanding and retention.

$99.00 ONLINE – SELF PACED

ENROLL IN COST APPROACH OVERVIEW

Income Capitalization Overview

This hands-on course, complete with exercises to better students' understanding and retention, gives the student an overview of how the income approach to valuation works. Lessons include estimating income and expenses as well as estimating capitalization rates. This course covers both yield capitalization and direct capitalization.

$99.00 ONLINE – SELF PACED

ENROLL IN INCOME CAPITALIZATION OVERVIEW

Residential Appraiser Site Valuation & Cost Approach

Strengthen your foundation and build your appraisal skills. This is a foundation course for appraisers on vacant land parcels, their valuation, how the cost approach method is used, and the fundamental concepts involved. Grow your abilities as a real estate appraiser by learning interview techniques, how to use market extraction to establish a cost estimate, and how to utilize data offered by professional cost data sources. Gain an understanding of the many cost approach applications by going from the beginning appraisal assignment all the way to the final value estimate of a property. Please note that you must complete Basic Appraisal Principles and Procedures Courses before enrolling in this course.

$189.00 ONLINE – SELF PACED

ENROLL IN RESIDENTIAL APPRAISER SITE VALUATION & COST APPROACH

Residential Market Analysis and Highest and Best Use

Dive into residential market analysis. Want a deeper understanding of how to read, map and analyze a market area by applying highest and best use practices? This course discusses in detail the three approaches regarding value in appraisal including sales comparison, cost and income capitalization. Students will gain insight into how to understand the connection between highest and best use analysis, market analysis, and the three approaches to valuation in real estate appraisal. This appraisal continuing education course has a prerequisite: completion of the Basic Appraisal Principles and Procedures Courses.

$189.00 ONLINE – SELF PACED

ENROLL IN RESIDENTIAL MARKET ANALYSIS AND HIGHEST AND BEST USE

Residential Report Writing and Case Studies

This is an excellent crash-course on the numerous writing exercises that you will need to know in order to be successful as an appraiser. Want to produce professional, thorough appraisal reports? Then this course is for you! It covers residential valuation procedures, numerous writing techniques, and a review of grammar and writing assignments focused around a residential case study. As a hands-on course, students will better retain information as they complete the included exercises such as the compiling of competent and practical narrative comments to be included in form appraisal reports as well as how to interpret valuation procedures and conclusions for people who use the reports. Please be advised that this course does have a prerequisite: the completion of Basic Appraisal Principles and Procedures Courses.

$189.00 ONLINE – SELF PACED

ENROLL IN RESIDENTIAL REPORT WRITING AND CASE STUDIES

Sales Comparison Approach

Gain insight into how the sales comparison approach to valuation works. This course takes a step-by-step look at the approach. Additionally, this course covers the process for data collections as well as different ways that adjustments can be estimated. Example problems help students to better retain and apply the information.

$99.00 ONLINE – SELF PACED

ENROLL IN SALES COMPARISON APPROACH

District of Columbia Real Estate Career

License Process for District of Columbia

District of Columbia Real Estate License Requirements

Learn about the real estate education needs for licensing and renewal in your state.

Licensing Board/Commission:

District of Columbia Real Estate Commission (PearsonVUE)

Requirements:

Education hours required for a real estate salesperson license in the District of Columbia: 60 hours of salesperson education Education hours required for a real estate broker license in the District of Columbia: 135 hours of broker prelicense education (as well as 2 years of experience as a salesperson)

Reciprocity:

Real estate commissions and boards across the country are adopting policies for a real estate agents in one state to more easily become licensed in another state. The District of Columbia has entered into reciprocal agreements with Virginia (concerning brokers or salespersons currently licensed there) and Maryland (concerning all brokers currently licensed there and salespersons licensed there after 1996).

Continuing Education (CE) and License Renewal Requirements:

Real estate salespersons in the District of Columbia must renew their real estate licenses by August 31 of odd-numbered years. Real estate brokers in the District of Columbia must renew their real estate licenses by February 28 of odd-numbered years. For the 2017–2019 licensing cycle, real estate professionals must take 15 hours of real estate courses. This includes: 3 hours of Fair Housing, 3 hours of DC Legislative Update, 3 hours of Ethics, and 6 hours of general electives.

District of Columbia Appraisal Career

License Process for District of Columbia

District of Columbia Real Estate Appraisal Licensing Requirements

Learn about the appraisal education needs for licensing and renewal in District of Columbia.

The information contained below is designed to provide a summary of the minimum education, experience, and examination requirements established by the District of Columbia Board of Real Estate Appraisers. The information provided below can be found on the Board’s website. However, we recommend you contact the Board for more detailed information and for any changes which may have occurred.

Licensure Levels

• Appraiser Trainee

• Licensed Residential Real Property Appraiser

• Certified Residential Real Property Appraiser

• Certified General Real Property Appraiser

Licensure Requirements to Become an Appraiser

• Must be at least 18 years of age

• Must have a high school diploma or its equivalent

• Not have been convicted of a crime of moral turpitude which bears directly on the applicant’s fitness to be licensed

• Turn in a complete, notarized application form provided by the Board

• Include with application, two recent passport photos measuring 2”x2” and the licensing fee

• Must meet the educational requirement for the applying level of appraiser licensure • Must meet the experience requirement for the applying level of appraiser licensure • Submit Work Experience Log forms

• For Certified Residential level: A minimum of an Associate’s Degree OR 21 college semester hours in specific subject matters is also required. For Certified General level: A minimum of a Bachelor’s Degree OR 30 college semester hours in specific subject matters is also required.

• Satisfactory completion of the state examination

• Submit the Board’s application within 30 months of passing the exam

Appraiser School Education Requirements

• 75 hours for the Appraiser Trainee which consist of the following appraiser courses: Basic Appraisal Principles (30 hours), Basic Appraisal Procedures (30 hours), 15 Hour National USPAP Course or its equivalent (15 hours)

• 150 Hours for the Licensed Residential Real Property Appraiser which consist of the same 75 hours of Trainee education AND: Residential Market Analysis and Highest and Best Use (15 hours), Residential Appraiser Site Valuation and Cost Approach (15 hours), Residential Report Writing and Case Studies (15 Hours), Residential Sales Comparison and Income Approach (30 hours)

• 200 Hours for the Certified Residential Real Property Appraiser which consist of the same 75 hours of Provisional Licensed Appraiser education AND: Residential Market Analysis and Highest and Best Use (15 hours), Residential Appraiser Site Valuation and Cost Approach (15 hours), Residential Report Writing and Case Studies (15 Hours), Residential Sales Comparison and Income Approach (30 hours) Statistics, Modeling and Finance (15 hours), Advanced Residential Application and Case Studies (15 hours), Appraisal Subject Matter Electives (20 hours)

• 300 hours for the Certified General Real Property Appraiser which includes the same 200 hours for the Certified Residential Real Property Appraiser education AND: General Appraiser Sales Comparison and Income Approach (15 hours), General Appraiser Site Valuation and Cost Approach (15 hours), General Appraiser Income Approach (45 hours), General Appraiser Report Writing and Case Studies (10 hours), General Appraiser Market Analysis and Highest and Best Use (15 hours)

Experience Requirements for Becoming an Appraiser

• Appraiser Trainee – no work experience requirement

• Licensed Residential Real Property Appraiser - 2000 hours over at least 12 months

• Certified Residential Real Property Appraiser - 2500 hours gained continuously over at least 24 months (to include at least 625 hours of property appraisal experience in complex one to four unit residential real property appraisal work)

• Certified General Real Property Appraiser - 3000 hours gained continuously over at least 30 months with at least 1500 hours of experience in non-residential appraisals

Continuing Education Requirements for Appraiser License Renewal

• There are no continuing education requirements for applicants who obtain a license during the second year of the two-year period preceding the date the license expires • Licensees must complete 28 hours of continuing education appraiser classes within the renewal cycle

• At least 7 hours of this requirement must cover the USPAP Update course or its equivalent

National Real Estate Courses

National Real Estate Prep xL - PSI

Prep xL features:

Customized study plan including daily goals that adapt based on activity throughout the system.
Self-paced, comprehensive library of over 1,000 practice questions that will allow you to concentrate on specific topics based on your confidence and knowledge of the subject.
Full-length, timed exams that simulate an actual testing environment.
Real-time readiness data to track your progress and identify your strengths and areas of focus.

$59.00 ONLINE – SELF PACED

Enroll in National Exam Prep xL -PSI

National Real Estate Prep xL - Pearson Vue

Customized study plan including daily goals that adapt based on activity throughout the system.

Self-paced, comprehensive library of over 1,000 practice questions that will allow you to concentrate on specific topics based on your confidence and knowledge of the subject.

Full-length, timed exams that simulate an actual testing environment.

Real-time readiness data to track your progress and identify your strengths and areas of focus.

$59.00 ONLINE - SELF PACED

Enroll in National Real Estate Prep xL - Pearson Vue

National Real Estate Prep xL - AMP

Customized study plan including daily goals that adapt based on activity throughout the system.

Self-paced, comprehensive library of over 1,000 practice questions that will allow you to concentrate on specific topics based on your confidence and knowledge of the subject.

Full-length, timed exams that simulate an actual testing environment.

Real-time readiness data to track your progress and identify your strengths and areas of focus.

$59.00 ONLINE - SELF PACED

Enroll in National Real Estate Prep xL - AMP