Minnesota 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 - 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

ADA and Fair Housing

      Fair Housing and the Americans with Disabilities Act legislation affects the business of every real estate professional. This course covers the law and how it pertains to real estate professionals, while refreshing their knowledge of the Federal Fair Housing Laws. 

      This course covers the prohibitions in the Fair Housing Act, how an individual can enforce the Fair Housing Act, the provisions of the Civil Rights Act of 1866 and the Fair Housing Act of 1968. It also covers the purpose and scope of the Americans with Disabilities Act (ADA) and its effects on licensees of the ADA.


$29.99 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.


$49.99 ONLINE – SELF PACED

Ethics in Real Estate

      A great refresher in ethics, this course reviews the National Association of Realtors (NAR) Code of Ethics and fulfills the mandatory NAR Ethics Renewal Training requirement. Complete with case studies and various scenarios, students will enjoy a better understanding of what is and is not ethical for real estate professionals. Highlights include decision-making exercises designed for an in-depth understanding of application in daily real estate practice.


$29.99 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.


$49.99 ONLINE – SELF PACED

Methods of Residential Finance

      Want to understand the financial component of residential real estate better? A comprehensive overview of finance for residential real estate, this course touches on a multitude of topics including FHA, VA loans, assumptions, alternative financing, conventional financing and purchase money mortgages. This course also covers legislation in regard to financing.


$49.99 ONLINE – SELF PACED

Minnesota 15-Hour Elective Package

      Completion of this elective package package will give you 15 hours of elective CE credit.
 

This 15-hour package contains 3 courses: 

  • Ethics in Real Estate
  • Tax Advantages of Home Ownership
  • Pricing Property to Sell

$89.00 BUNDLE

Pricing Property to Sell

      You want your client's property to sell. You want your client to get the most they can for the property--making you get the top commission possible. However, the property will still have to undergo an appraisal for the buyer to get the mortgage approved from the lender. So how do you determine the right price? This course is designed to help you better understand the concepts of pricing property, approaches to pricing property, principles of value, replacement cost value and the application of market data.


$49.99 ONLINE - SELF PACED

Principles of Commercial Real Estate

      A high-level view of commercial real estate, this elective course examines various types of commercial real estate including retail space, storage facilities, and office space. Additional highlights include land development, site selection, industrial real estate brokerage and how both local and regional labor markets can have an effect on commercial real estate.


$29.99 ONLINE - SELF PACED

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.


$49.99 ONLINE - SELF PACED

Tax Advantages of Home Ownership

      What types of tax benefits are unique to homeowners? This course gives the student insight into different kinds of homeowner benefits and also teaches how to calculate taxes that can affect the purchase of a home. This is an elective real estate continuing education course.


$49.99 ONLINE - SELF PACED

Tax Free Exchanges

     Learn all about tax free exchanges. This course is an excellent introduction to the implications of tax free exchanges for investment properties in residential real estate. Learn what is required to qualify for a tax free exchange, what different kinds of exchanges are available and also various ways that the title can be transferred for the purpose of an exchange.


$29.99 ONLINE - SELF PACED

Minnesota 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.


$319.00 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.


$319.00 ONLINE - SELF PACED

Minnesota 75-Hour Real Estate Property Appraiser Trainee Package

      Covers 75 hours of the new Real Property Appraiser Qualification Criteria. Subject areas include Basic Appraisal Principles, Basic Appraisal Procedures, and the 2018-2019 15-Hour Equivalent USPAP Course. 


This packages includes: 

  • Basic Appraisal Principles
  •  Basic Appraisal Procedures, 2018-2019 
  • 15-Hour Equivalent USPAP Course and 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

Residential Appraiser Site Valuation & Cost Approach

      Gain confidence in your appraisal valuation skills! A more in-depth dive into appraisal valuation concepts and cost approach applications, this course meets 15 hours for the Trainee level up to the Licensed Appraiser level of Real Property Appraiser Qualification Criteria. Develop a stronger understanding of the process of the cost approach as this covers step-by-step the appraisal value process while applying this method. Highlights include interview methods and tips, market extraction, and data sources from professional services. Please note that Basic Appraisal Principles and Basic Appraisal Procedures are both prerequisites for this course.


$189.00 ONLINE – SELF PACED

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.


$189.00 ONLINE – SELF PACED

Residential Report Writing and Case Studies

      Get a crash course in appraisal report writing! Students will enjoy this hands-on constructive course focused on learning how to create effective, well-formed reports for appraisals. Both content and exercises focus on appraisal writing techniques, gaining a real understanding of and ability to apply residential valuation procedures and grammar guidelines. Specific residential case studies are used as examples to help students gain a realistic view. Examples help students grasp narrative comment writing on form appraisal reports and also how to explain the process and reasoning behind the valuation conclusions to those who use the reports. 15 hours of Real Property Appraiser Qualification Criteria for the Trainee through Licensed Appraiser level upon completion of this course. Students need to have taken Basic Principles and Basic Appraisal Procedures to be able to sign up.


$189.00 ONLINE – SELF PACED

Residential Sales Comparison and Income Approaches

      Round out your foundational understanding of appraisal valuation approaches. Focusing on the two types of valuation concepts other than cost approach, this course fulfills 30 hours of Real Property Appraiser Qualification Criteria for appraisers from the Trainee level to the Licensed Appraiser level. Learn the process for both as well as how to gather and analyze needed information. Highlights include: the use of appraisal comparison grids, tips on locating needed information and a comparison with pros and cons of both the residential sales comparison and the income approach. Prerequisites: Basic Appraisal Principles and Procedures Courses.


$319.00 ONLINE – SELF PACED

Upgrade to Licensed Level Package

      Ready to move from Trainee level to a Licensed Residential Appraiser? This package is designed just for you. It contains the required education to help you get to that next step in your career. This 75-hour package includes: Residential Appraiser Site Valuation and Cost Approach, Residential Sales Comparison and Income Approach, Residential Market Analysis and Highest and Best Use, and Residential Report Writing and Case Studies.


$795.00 BUNDLE

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.


$99.00 ONLINE – SELF PACED

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

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

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

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.


$169.00 ONLINE – SELF PACED

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.


$169.00 ONLINE – SELF PACED 

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.


$169.00 ONLINE – SELF PACED

Residential Sales Comparison and Income Approach

      How does the property you are appraising stand up to recently sold properties in the same area? This course walks the student through the sales comparison approach to real estate appraisal. Learn the procedures recommended in the collection of data, as well as which way adjustments can be estimated. This course is hands-on as it includes multiple examples to help the student apply and retain the information.


$319.00 ONLINE – SELF PACED

Sales Comparison Approach

      How does the property you are appraising stand up to recently sold properties in the same area? This course walks the student through the sales comparison approach to real estate appraisal. Learn the procedures recommended in the collection of data, as well as which way adjustments can be estimated. This course is hands-on as it includes multiple examples to help the student apply and retain the information.


$99.00 ONLINE – SELF PACED

Minnesota Real Estate Career

License Process for Minnesota

Minnesota Real Estate License Requirements 

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


Licensing Board/Commission: 

Minnesota Department of Commerce - Real Estate License 


Requirements: 

Education hours required for a real estate salesperson license in the state of Minnesota: 90 hours (Applicants need to complete three courses, each of which consists of 30 hours of instruction.) 


Education hours required for a real estate broker license in the state of Minnesota: 30 hours of broker coursework (or at least three years of licensed real estate salesperson experience in Minnesota or another state with comparable requirements within the five years prior to the date of application for the broker's examination) 


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. Minnesota has reciprocal relationships with Colorado, Iowa, Nebraska, North Dakota, Oklahoma, South Dakota and Wisconsin. Those with active licenses in one of these reciprocal states must: 

• complete the 30 hour broker course; 

• have at least 3 years of licensed real estate salesperson experience within the past 5 years (If this experience was obtained in a capacity not requiring a Minnesota real estate license, you must first submit a request for a waiver of salesperson experience.); and 

• email a letter of certification (no more than 90 days old) documenting that you are currently licensed as a broker and reside in Colorado, Iowa, Nebraska, North Dakota, Oklahoma, South Dakota or Wisconsin. (Applicants with an active Wisconsin license must also email course completion certificates documenting completion of a Minnesota broker course of at least 13 hours and must email original passing results for the Minnesota State Laws portion of the written examination.) 


Continuing Education (CE) and License Renewal Requirements: 

Minnesota real estate professionals must renew their licenses every two years by June 30. Licensees must take 15 hours of real estate CE every year by June 30.

Minnesota Appraisal Career

License Process for Minnesota

Minnesota Real Estate Appraisal Licensing Requirements 

Learn about the appraisal education needs for licensing and renewal in Minnesota. 


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


Licensure Levels 

• Trainee Real Property Appraiser 

• Licensed Residential Real Estate 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 

• Submit application, required documents, and associated fees 


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 Estate Appraiser which include the same hour requirement as the Trainee Real Property Appraiser 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 Real Property 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 Real Property 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 Real Property Appraiser – 2500 hours in not less than 24 months • Certified General Real Property Appraiser – 3000 hours in not less than 30 months with at least 1500 hours of experience in nonresidential appraisals 


Continuing Education Requirements for Appraiser License Renewal 

• Licensees must renew every 2 years by August 31st 

• 30 hours of continuing education appraiser classes must be completed during the renewal cycle 

• The 7-hour National USPAP course must be completed every renewal period

Colorado Real Estate Career

License Process for Alabama

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