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Real Estate/ Pre-Licensing/ Minnesota/ Real Estate Appraisal
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30-Hour Salesperson Course 3 (Appraisal)

$295
This product includes:
Elective Hours: 0 Mandatory Hours: 30 Total Hours: 30
Description
State Requirements

This course covers real estate appraisal topics geared toward real estate licensees. No, you're not an appraiser, but the state requires licensees to have a thorough understanding of the appraisal process. Why? Several reasons. Among these:

  • Most transactions are dependent on financing and financing requires an appraisal.
  • An understanding of valuation methods used by appraisals will assist you in performing more realistic comparative market analyses.
  • When properties don't appraise, sale fails can occur. An understanding of how an appraiser arrived at a value estimate will help you decide whether it's worth contesting the appraisal.

Topics include central purposes and functions of an appraisal, social and economic determinant of value, cost, market date and income approaches to value estimates, final correlations, and reporting. The course also includes case studies.

Package Content:

State Requirements For Minnesota

Minnesota State Requirement Details for Real Estate Pre-Licensing Education

Hours Required by the State: 90 hours

Licensing Exam: The licensing exam is administered by PSI. Registration for the state licensing exam is an entirely separate process from proctoring for your course final exam. For instruction to register for your state licensing exam and further information, please click here. 

The CE Shop’s Offering: 90 hours

The CE Shop is an approved provider in Minnesota. Provider Approval Number: 21006660

Reporting: The state requires course completions to be reported to the state. We will report your course to the state upon completion.

Expiration Date of Course: Course expiration dates vary by course. Each individual course will have an expiration date listed in your account.

The CE Shop’s Pre-Licensing courses expire one year after the date of purchase. The CE Shop will allow students to purchase a new course at a 50% discount of the current retail price of the new course. Each individual course will have an expiration date listed in the student’s account.

Certificates: Immediately upon course completions, The CE Shop will provide students with an electronic copy of the course certificate of completion. Certificates will remain in your account for a minimum of five years, should you need additional copies at a later time. Please refer to your application to determine if you need to submit your certificate(s) of completion. Course completion dates are recorded using Central Standard Time. Please note that the date on your certificate of completion will reflect this.

Proctored Final Exam: The state requires your final exam to be proctored. You’ll need to schedule an appointment with a proctor in advance. You can find full details of the proctoring process here. Upon passing the final course exam, you will be asked to sign an affidavit verifying your identity as the student who completed the course and the final course exam. Final exams must be passed with a minimum of 75%.

Seat Time: It is required that all students spend a minimum amount of seat time engaged in the course content. Our online course delivery system manages this requirement for you.

Max Hours in a 24-Hour Period: Students will not receive credit for more than 8 hours of prelicense education in a 24-hour period. Our online course delivery system manages this requirement for you.

Pre-Licensing Final Exams: Final exams must be passed with a minimum of 75% and may be taken as many times as necessary.

Still have questions? Visit our Frequently Asked Questions or Contact Us.

Student information will not be sold or distributed to any third party without prior written consent of the student. Taking the course does not constitute consent. By agreeing to the terms & conditions, you agree to the information contained within.

Minnesota Department of Commerce

Street Address: 85 7th Place East, Suite 500, St. Paul, MN 55101

Telephone: 651-539-1500

Minnesota Department of Commerce Website

License Renewal Website

Licensee Renewal Information