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Rhode Island 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
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.
This meets three hours of CORE Credits.
$29.00 ONLINE – SELF PACED
Basic Real Estate Finance
Understand the money and financial transactions behind real estate. An excellent foundation course on real estate finance, this course will offer you crucial insight into promissory notes, assumptions, mortgages, financing instruments, loan practices, trust deeds, foreclosures, various types of loans, loan practices, and sources of funds.
$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
Ethics in Real Estate
EXCELLENT VALUE! This is your convenient all-in-one CE solution for Rhode Island. Save money and streamline your renewal with this package. Courses included are:
- ADA and Fair Housing
- Ethics In Real Estate
- Green Home Construction
- Income Capitalization Overview
- Tax Advantages of Home Ownership
$29.00 ONLINE – SELF PACED
Rhode Island 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
Rhode Island 75-Hour Registered Real Estate Appraiser Package
Complete with 75 hours of the new Associate Real Estate Appraiser Qualification Criteria. This package includes three courses: Basic Appraisal Principles, Basic Appraisal Procedures, and the 2018-2019 15-Hour Equivalent 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
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.
$199.00 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.
$199.00 ONLINE – SELF PACED
Rhode Island Real Estate Career
License Process for Rhode Island
Rhode Island Real Estate License Requirements
Learn about the real estate education needs for licensing and renewal in your state.
Licensing Board/Commission:
State of Rhode Island Department of Business Regulation - Real Estate
Requirements:
Education hours required for a real estate salesperson license in the state of Rhode Island: 45 hours (which must include the 3-hour New Agency Law course)
Education hours required for a real estate broker license in the state of Rhode Island: 90 hours (in addition to the 45 hours required for salespersons)
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. Rhode Island has reciprocity agreements for either a salesperson or broker license with Connecticut and Massachusetts. Applicants from these states must submit:
• a completed real estate application;
• a criminal history record from the Rhode Island Department of the Attorney General’s office, as well as one from the applicant’s home state law enforcement agency;
• a taxpayer status affidavit or identity verification;
• a certificate of completion of a 3-hour course in lead poisoning/lead hazard mitigation;
• a certificate of errors and omissions insurance;
• a certificate of licensure or letter of good standing from the applicant’s home state’s licensing authority; and
• an irrevocable power of attorney form for service of process.
Continuing Education (CE) and License Renewal Requirements:
Real estate professionals in Rhode Island must renew their real estate licenses by April 30 of evennumbered years. Licensees must complete 24 hours of real estate CE. This must include 6 hours covering core courses. There are nine core course subject areas to choose from: law of agency, law of contracts, Rhode Island landlord-tenant law, fair housing, lead hazard mitigation or environmental issues pertaining to real property, Rhode Island license law, financing the purchase of real estate and ethics.
Rhode Island Appraisal Career
License Process for Rhode Island
Rhode Island Real Estate Appraisal Licensing Requirements
Learn about the appraisal education needs for licensing and renewal in Rhode Island.
The information contained below is designed to provide a summary of the minimum education, experience, and examination requirements established by the Rhode Island 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 Appraiser
• Licensed Appraiser
• Certified Residential Appraiser
• Certified General 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 the state exam)
• Submit application, required documents, and associated fees
Appraiser School Education Requirements
• 75 hours for the Trainee 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 Appraiser which include the same hour requirement as the Trainee 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 Appraiser which consist of the same 150 hours of Licensed 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 Appraiser - No experience required However, the trainee must gain experience within a two year period working for a certified appraiser
• Licensed Appraiser - 2000 hours in no less than 24 months
• Certified Residential Appraiser – 2500 hours in no less than 24 months
• Certified General Appraiser – - 3000 hours in no less than 30 months with at least 1500 hours of experience in non-residential appraisals
Continuing Education Requirements for Appraiser License Renewal
• All licenses expire two years from the date of issuance
• All licensees must complete 28 hours of continuing education appraiser classes during the two year cycle
• 7 hours must include the USPAP Update course or its equiv
