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Virginia 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
National Virtual Study Program
The Virtual Study Program is a way for you to get that added support you need from an instructor in a live webinar environment. It bridges the gap between live and online learning in order to best prepare you to succeed on your exam and in your real estate career. Eight sessions will be held weekly (two hours every Wednesday at 7 pm EST) on a specific core topic included in your licensing education.
Please note: the Virtual Study Program is non-refundable.
$199.00 ONLINE – WEBINAR
Real Estate Finance
The course includes contemporary topics of residential real estate finance and how financial markets work. It also includes current principals and practices of real estate finance resulting from the financial crisis and mortgage meltdown. It provides coverage of specialized mortgage lending procedures, changes in federal regulations of financing, mortgage appraisal, property analysis, settlement procedures, and more.
$229.00 ONLINE – SELF PACED
Real Estate Appraisal
Understand the appraisal side of real estate. This course covers: Real Estate Appraisal Principles and Practices, The Three Approaches to Valuation, Residential Real Estate Markets, General Data Analysis, Neighborhood Analysis, Highest and Best Use, The Principles of Value, General Data Analysis and Site Description and Analysis. This course fulfills 45 of the 185 hour Virginia state education requirement to qualify to sit for the real estate broker exam.
$229.00 ONLINE – SELF PACED
Virginia Principles of Real Estate
This course has everything needed to satisfy Virginia's state education requirement for a real estate salesperson to qualify to take the state licensing exam.
This 60-hour real estate pre-license course is an affordable, convenient way to prepare you with the knowledge needed to pass the state exam and begin a successful career in real estate.
Major topics contained in this course are: Virginia Laws & Regulations, Contracts, Property Ownership and Finance.
$175.00 ONLINE – SELF PACED
Virginia "The Basic" Package
Virginia “The Basic" package has everything you need to fulfill Virginia's real estate education requirement to qualify to sit for the state exam to become a real estate salesperson.
As an added bonus to the mandatory 60 hours, MathMaster is also included to give you a crash course on real estate math to better ensure your success!
Included:
1. Virginia Sales Pre-license Course: Study when you want and where you want with the mobile- and tablet-ready, hassle-free Sales Pre-license course. It has everything needed to satisfy Virginia's state education requirement for a real estate salesperson to qualify to take the state licensing exam. This 60 hour real estate pre-license course is an affordable, convenient way to prepare you with the knowledge needed to pass the state exam and begin a successful career in real estate. Highlights include real estate law, finance, ownership, contracts and the transfer and use of property.
2. MathMaster: There's no need to be afraid of tackling math problems. The purpose of this is to give you the tools and expertise to "master" real estate math. Students will love the hands-on practice problems and detailed, clear descriptions of the purpose, use and formulas.
3. Live Instructor Support: Every course comes with the support from an industry expert that can help answer questions you many have throughout the course.
4. 5-star Customer and Technical Support: Call anytime and a caring staff—customer service, course consultants, or tech support, will be happy to answer your questions and provide the support you need.
5. Real Estate Blog Subscription: Stay up-to-date on the latest real estate industry information and valuable resources.
6. OnCourse Learning Real Estate, formerly Career Webschool Quality Guarantee: In the instance that one of our students does not pass the state exam on the first try, OnCourse Learning Real Estate, formerly Career Webschool will reimburse that student for their second state exam fee. To be eligible for reimbursement, the student must take the state exam within 1 year of completing our course and must have also passed our course exam with a grade of at least 80%.
$210.00 BUNDLE
Virginia 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
Virginia 75-Hour Real Estate Appraiser Trainee Package
Complete with 75 hours of the new Real Property Appraiser Qualification Criteria for Virginia, 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.
$899.00 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.
$289.00 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
Virginia Real Estate Career
License Process for Virginia
Virginia Real Estate License Requirements
Learn about the real estate education needs for licensing and renewal in your state.
Licensing Board/Commission:
Department of Professional and Occupational Regulation - Virginia Real Estate Commission
Requirements:
Education hours required for a real estate salesperson license in the state of Virginia: 60 hours
Education hours required for a real estate broker license in the state of Virginia: 180 hours Virginia requires an additional 30 hours of postlicense education 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. An individual who is currently licensed as a real estate salesperson or broker in another jurisdiction may obtain a Virginia real estate license by having passed a written examination deemed to be substantially equivalent to the Virginia examination.
Continuing Education (CE) and License Renewal Requirements:
Real estate professionals in Virginia must renew their real estate licenses every two years in the month their licenses were received. Licensees must complete 16 hours of real estate CE during this two-year period. Of these hours, 8 hours must cover mandatory topics (ethics, agency, contracts, legal update and fair housing). Brokers must take an additional 8 hours of broker management courses.
Virginia Real Estate Career
License Process for Virginia
Virginia Real Estate Appraisal Licensing Requirements
Learn about the appraisal education needs for licensing and renewal in Virginia.
The information contained below is designed to provide a summary of the minimum education, experience, and examination requirements established by the Virginia 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 Real Estate Appraiser
• Certified Residential Real Estate Appraiser
• Certified General Real Estate 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 be of good moral character
• 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 require
• Satisfactory completion of the state examination
• Submit application, required documents, and associated fees
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 Appraiser which include the same hour requirement as the Appraiser 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 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
• Appraiser Trainee – No experience required
• Licensed Appraiser – 2000 hours in no less than 12 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 2 years from the last day of the month which they were issued
• All licensees must complete 28 hours of continuing education appraiser classes during the two year cycle
• 7 hours must cover the USPAP Update course or its equivalent must be taken every other year
