Appraisal Class Approval for Community Colleges

California Community College Real Estate Education Center

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Office of Real Estate Appraisal

Course Approval Process for California Community Colleges

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Appraisal and OREA

What is OREA?

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State of California Office of Real Estate Appraisers

Title XI of the Financial Institutions Reform Recovery and Enforcement Act of 1989 (FIRREA) requires all states to regulate persons who appraise real property in federally related transactions. In response to the act the California Legislature created OREA.

Website: http://www.orea.ca.gov

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http://www.orea.ca.gov/


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OREA

OREA operates to ensure:

Appraisers meet minimum set requirementsEducational requirements Experience requirementsLicense Educate and discipline licensed appraisers

who violate standards of professional conduct

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Educational Opportunities

How can you or the college participate?

A simple process of documentation and forms submission helps you or the college:

Become a OREA course provider with approval number.

Offer OREA approved courses with approval number.

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Course Provider AccreditationMust be accredited by OREASubmit Accreditation form REA 3013Offer only approved educational coursesProviders must cooperate with investigation

or auditing of courses, instructors, and students.

Submit fees. Estimate $300 (No charge if you are an accredited community college.

Accreditation is issued for a 4 year period and may be renewed

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Opportunity for Community Colleges

The secret is out!

You can work with the OREA to have your courses approved and placed on the OREA data base of approved courses.

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Real Estate College Classes

College courses can be used to satisfy educational requirements for OREA

Course must obtain OREA accreditation College must have accreditation as a

provider ( U.S. Office of Education ) OREA accredits both course providers and

individual courses.

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Course Providers

Appraisal related courses offered by colleges or universities which are accredited by a regional body of the U.S. Office of Education do not require OREA approval.

To ensure that students are awarded proper credit for courses, OREA strongly encourages to submit forms and information to OREA.

Fees are waived for Colleges- “FREE”2/6/2012


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Course Providers

Colleges or universities which are accredited by a regional accrediting body of the U.S. Office of Education are not required to obtain OREA accreditation.

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OREA Recommends

OREA strongly encourages colleges to submit: Course Accreditation & Description ( Form REA 3014 ) OREA Topic Matrix ( Form REA 3015) Course outline/syllabus/textbook information

OREA will after review add the course and approved topics to the databases. This eliminates the need for students to submit the information with their applications-A great time saver for your students!

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Instructor Qualifications

Must meet at least one of the following criteria: Bachelors degree or higher in field related to real

estate; Hold a valid teaching credential or certificate to

teach in the field of knowledge; Have five years full-time work experience in the

field being taught; or Have a combination of full-time work experience

and college level education totaling five years.

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Basic Education Requirements Trainee License – 150 hours of

education / 15 National USPAP course Residential License – 150 hours of

education / 15 National USPAP course Certified Residential License – 200

hours of education / 15 National USPAP course

Certified General License – 300 hours of education 15 National USPAP course.

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Note

OREA requires that a topic matrix be completed for each of your course.

Each course should have a certain amount of hours that fit the educational matrix.

Courses can be approved, have accreditation for specific hours to meet both;

Educational Licensing Requirements

Continuing Educational Requirements

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Note

OREA requires that a topic matrix be completed for each of your course.

Each course should have a certain amount of hours that fit the educational matrix.

Courses can be approved, have accreditation for specific hours to meet both;

Educational Licensing Requirements

Continuing Educational Requirements

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Qualified Courses

Principles of AppraisalAdvance AppraisalReal Estate EconomicsLegal Aspects of Real EstateReal Estate Property ManagementReal Estate FinanceReal Estate Tax Analysis and Investments

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Questions?Contact: Leo Bello, Program Chair, City

College of San Francisco at [email protected] or the Real Estate

Education Center at [email protected]

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mailto:[email protected]

mailto:[email protected]


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Thank You

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Appraisal Class Approval for Community Colleges

Education

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