BRE 120 — Real Estate Appraisal
This advanced course explores the many aspects of real estate appraisals in depth. It is designed to reinforce basic real estate concepts from Real Estate Principles and Real Estate Practice, and then present intermediate and advanced real estate appraisal topics. Topics include: understanding value, the appraisal process, property description, appraisal math, data collection and analysis, site valuation, residential construction, three classic approaches to value (cost approach, sales comparison approach, income approach), the appraisal report including reconciliation & opinion of value, special interests, the appraisal profession, and financial institutions & regulations. Course is acceptable for salesperson license elective and is required for broker's license by the California Department of Real Estate (DRE).