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Maine Real Estate Courses
Exam Prep Toolkit: Real Estate
The Exam Prep Toolkit: Real Estate gives you a variety of tools to help you understand and retain the knowledge needed to prepare you for national information on your real estate exam.
- Real Estate Flashcards: Delivered electronically, covering hundreds of terms and definitions you will encounter on your real estate exam.
- Real Estate Recorded Review: Powerful recorded webinars covering all topics on the national portion of the licensing exam.
- Real Estate Test-Taking Tips: Recorded webinar covering test-taking tips, strategies for preparing for the national portion of the state licensing exam and how to utilize the test content outlines.
$99.00 BUNDLE
National Real Estate Prep xL - Pearson Vue
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.
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
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.
$59.00 ONLINE – SELF PACED
Green Home Construction
Thinking about "going green?" The prevalence of green home construction continues to expand in the U.S. Don't you want to have a better understanding of this market? This course covers various topics in both sustainable design and green home construction including waste management, lot shopping, special safety applications, site work, and building material choices.
$59.00 ONLINE – SELF PACED
Green Home Features
What makes a green home green? Students will gain insight into different features included in green design. Highlights include water and energy efficiency, appliances, methods of controlling heat loss, how to conserve energy in a home, lighting, and renewable energy.
$39.00 ONLINE – SELF PACED
Income Capitalization Overview
Learn all the steps included in the income approach to home and property valuation. This course dives into how to estimate rates of capitalization as well as income and expenses. Highlights include coverage of yield capitalization and direct capitalization as well as multiple examples designed specifically to help students better absorb and fully comprehend the material covered.
$59.00 ONLINE – SELF PACED
Maine 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
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
Maine 75-Hour Trainee Real Estate Property Appraiser
Complete with 75 hours of the new Associate Real Estate Appraiser Qualification Criteria for Maine, this package includes three courses: Basic Appraisal Principles, Basic Appraisal Procedures, and the 2018-20197 15-Hour USPAP Course. Also included in this package is the USPAP Manual eBook.
$749.00 BUNDLE
2018-2019 15-Hour Equivalent USPAP Course
This mandatory course will introduce aspiring appraisers to the requirements for ethical behavior and competent performance set forth in the Uniform Standards of Professional Appraisal Practice (USPAP).
With the use of practice tests and interactive appraisal scenarios, you will get a full understanding of the history of appraisal standards, the structure of USPAP, essential steps in the appraisal process, USPAP definitions, and how to follow USPAP standards in your new career as a real estate appraiser.
The mandatory Appraisal Foundation USPAP manual ($75 value) is included at no additional cost.
$279.00 ONLINE – SELF PACED
Maine Real Estate Career
License Process for Maine
Maine Real Estate License Requirements
Learn about the real estate education needs for licensing and renewal in your state.
Licensing Board/Commission:
State of Maine Professional & Financial Regulations Real Estate Commission
Requirements:
Education hours required for a real estate salesperson license in the state of Maine: 55 hours (To obtain a license, applicants in Maine need to complete the 55-hour sales agent course.)
Education hours required for a real estate broker license in the state of Maine: 60 hours for an associate broker and 50 hours for a designated broker
To apply to become an associate broker in Maine, an applicant must have been licensed as an active sales agent affiliated with a real estate brokerage for two years, with five years of experience. To apply to become a designated broker in Maine, an applicant must have been an associate broker affiliated with a real estate brokerage agency for two years within the past five years. Completion of a designated broker course with a minimum final grade of 75% is also required.
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. In Maine, an equal license may be issued to any person who holds a current and active real estate license in another jurisdiction after meeting the requirements for the license. These requirements include completing a license application, holding a high school diploma and being at least 18 years old. Additionally, those applying for reciprocity will need to pass the Maine law examination administered by Pearson VUE and furnish their certificate of licensure from their home state, showing the applicant holds a current and active license. Note: An application for a license must be made within one year of passing the Maine law exam.
Continuing Education (CE) and License Renewal Requirements:
Real estate professionals in Maine need to renew their real estate licenses every two years from the date their licenses were issued. Maine requires 21 hours of real estate CE classes, including 18 hours of electives and a 3-hour core course, the topic for which changes every two years or so.
Maine Appraisal Career
License Process for Maine
Maine Real Estate Appraisal Licensing Requirements
Learn about the appraisal education needs for licensing and renewal in Maine.
The information contained below is designed to provide a summary of the minimum education, experience, and examination requirements established by the Maine 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
• Trainee Real Property Appraiser
• 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
• Must meet the educational requirement for the applying level of appraiser licensure • Must meet the experience requirement for the applying level of appraiser licensure • 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 (Trainees are not required to take a state exam)
• Submit application, required documents, and associated fees.
• Trainee licenses are issued for a period of one year and may be renewed five times. If you do not complete the requirements for licensure by the end of the sixth year, you must re-apply for another trainee license
Appraiser School Education Requirements
• 75 hours for the Trainee Real Property Appraiser 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 include the same hour requirement as the Trainee level 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 Appraiser which consist of the same 150 hours of Licensed Residential Appraiser education AND: 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 Appraiser which includes the same 200 hours for the Certified Residential Appraiser education AND: Income Property Appraisal (60 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
• Trainee Real Property Appraiser – No experience requirement
• Licensed Residential Real Property Appraiser – 2000 hours in no less than 12 months • Certified Residential Appraiser – 2500 hours in not less than 24 months
• Certified General Appraiser – 3000 hours in not less than 30 months with at least 1500 hours of experience in non-residential appraisals
Continuing Education Requirements for Appraiser License Renewal
• All appraiser licenses expire annually on December 31st
• Appraisers must complete 14 hours of continuing education appraiser classes each renewal cycle
• All appraisers must take the 7 hour USPAP Update course or its equivalent in even number years
