Real Estate Appraisal Classes

APPRAISAL CLASSES

Live Instruction Appraisal Classes to
become a qualified Appraiser Trainee

Afternoons Evenings

TUE 10 AM – 2 PM 6 PM – 10 PM

THU 10 AM – 2 PM 6 PM – 10 PM

SAT 10 AM – 2 PM 6 PM – 10 PM

To get copy of General Information Pages
Just Click down on the link below here:
APPRAISAL CLASSES – Noble Fields.pdf

NOBLE FIELDS SCHOOL of REAL ESTATE
6121 Mission Street, Daly City, CA 94014
Call (415) 608-1388
noblefields6@gmail.com

DRE Sponsor Number: S0170

New Education Requirements

To all our applicants, please always check with the Bureau of Real Estate Appraisers (BREA) for new education requirements.

Starting Appraisal Applicant, effective on January 1, 2023, please take the Cultural Competency course – 1 Hour
Appraisal License Renewals, effective on January 1, 2023, please take the Cultural Competency course – 1 Hour
Appraisal License Renewals, effective on January 1, 2023, please take the Elimination of Bias course – 2 Hours

Work on getting 150 Hours of In-Person Live-Instruction from Noble Fields School of Real Estate

Are you ready for a career change? Sign up for our Appraisal Trainee Package today and start your journey to becoming a certified appraiser! This appraisal course package has the minimum needed to start your valuable appraiser training.

Disclaimer: Any course work taken more than 5 years before the application date is not acceptable.

These General Information Pages are to be read by the participant prior to registration/enrollment.
Disclaimer: Selecting Order Here menus acknowledges you read and understood the General Information Pages.

APPRAISER TRAINEE PACKAGE

BREA Approval Numbers:
(08469001, 15CP469203001, 22CP469203003,
09469003, 21CP469203002, 10469004)
150 Hours –$999

In-Person Live-Instruction Courses

Appraisal Classes for Appaiser Trainees

In-Person Live-Instruction Class Schedule:
10-2 pm or 6-10 pm
Tuesday, Thursday, and Saturday

Enroll in the Appraiser Trainee Package today and take the first step towards your new career!

REAL ESTATE APPRAISAL PRINCIPLES

BREA Approval Number:
(084690 01)
30 Hours – $225

The REAL ESTATE APPRAISAL PRINCIPLES course provides a foundational understanding of basic appraisal principles, required for becoming a real property appraiser trainee and for all levels of licensing, covering real property concepts, legal descriptions, value influences, economic principles, market analysis, and ethics. This course serves as the launching point for the more advanced principles and procedures appraisal courses, including those focused on residential and income-producing properties.

Core Topics: Real Property Concepts and Characteristics, Understanding the nature of real property. Legal Descriptions, Learning how real property is legally defined. Influences on Real Property Values, Identifying factors that affect property value. Types of Value, Understanding different concepts of value (e.g., market value, investment value). Economic Principles, Exploring economic principles relevant to real estate appraisal. Real Property Market Overview, Analyzing real estate markets and their dynamics. Appraiser Ethics, Learning the ethical standards and their application in appraisal theory and practice.

REAL ESTATE APPRAISAL PRINCIPLES and PROCEDURES

BREA Approval Number:
(15CP469203001)
60 Hours – $299

The REAL ESTATE APPRAISAL PRINCIPLES and PROCEDURES course provides a foundational understanding of basic appraisal principles, required for becoming a real property appraiser trainee and for all levels of licensing, covering real property concepts, legal descriptions, value influences, economic principles, market analysis, and ethics and delves into basic appraisal procedures, a prerequisite for becoming a Real Property Appraiser Trainee and a requirement for all levels of real property appraiser licensing and certification, covering valuation procedures, data analysis, and appraisal communication.

The Core Content: This appraisal course reviews and covers the following key aspects of the appraisal process: Real Property Concepts and Characteristics, Legal Descriptions, Influences on Real Property Values, Types of Value, Economic Principles, Real Property Market Overview, Appraiser Ethics, Defining the Problem, Collecting and Selecting Data, Analyzing the Data, Reconciliation and Final Value Opinion, Communicating the Appraisal, and the Scope of Work.

FEDERAL LAWS and REGULATIONS for CA APPRAISERS

BREA Approval Number:
(22CP469203003)
4 hours – $199

The FEDERAL LAWS and REGULATIONS for CA APPRAISERS course is designed for licensed and certified California real estate appraisers to fulfill the state’s requirement of 4 hours of continuing education focused on federal and state laws and regulations, ensuring they stay informed and compliant.

The Core Content: The course aims to keep California real estate appraisers updated on the laws and regulations that govern their profession, both at the federal and state levels. California Requirement, California mandates that state-licensed or certified real property appraisers complete 4 hours of continuing education specifically on federal and state laws and regulations. Compliance, this course is designed to meet that specific continuing education requirement, ensuring appraisers are up-to-date on the legal framework of their profession. Importance of Laws and Regulations, Laws and regulations form the foundation for everything appraisers do in California, and compliance is crucial.

CULTURAL COMPETENCY and BIAS ELIMINATION

BREA Approval Number:
(pending approval)
3 hours – $199

The CULTURAL COMPETENCY and BIAS ELIMINATION course, mandated by California Assembly Bill 948, provides in-depth training on bias, covering various types and their impact on real property valuations, with a focus on unintended biases and how to avoid them in appraisals, along with cultural competency and fairness in housing.

Core Topics: Anti-Bias Training, the course will dedicate at least two hours to anti-bias training, exploring various types of bias, including those that are often unintentional and can affect real property valuations. The course will highlight actions appraisers can take to avoid bias in appraisal development and reporting. Cultural Competency, the course will provide at least one hour of instruction on cultural competency, a requirement for all California appraisers. The cultural competency section will include an overview of the ongoing struggle for fairness and equity in housing.

RESIDENTIAL APPRAISER SITE VALUATION and COST APPROACH

BREA Approval Number:
(09469003)
15 hours – $199

The RESIDENTIAL APPRAISER SITE VALUATION and COST APPROACH focuses on valuing vacant land and developing the cost approach, teaching you to create current cost estimates using market extraction, effective interview techniques, and professional cost data sources, culminating in an in-depth case study. Target Audience, it’s designed for individuals seeking to become Real Property Appraiser Trainees and those pursuing various levels of appraisal licensing and certification. Core Content, this appraisal course reviews and covers the following key aspects of the appraisal process:

Core Topics:

Valuation of Vacant Land: you’ll learn how to determine the value of land parcels that are not currently developed.
Cost Approach Development: the course will teach you the principles and methods of the cost approach, a valuation method that estimates the value of a property by determining the cost to replace or reproduce the improvements on the property.
Current Cost Estimates: You’ll learn to create current cost estimates using Market Extraction, which involves analyzing comparable sales and construction costs to determine the cost of building a similar property today.
Effective Interview Techniques: The course will cover how to conduct effective interviews with contractors, suppliers, and other relevant parties to gather information for cost estimation.
Professional Cost Data Sources: You will explore various professional cost data sources, such as cost manuals and online databases, to obtain accurate cost information.
In-depth Case Study: The course includes an in-depth case study that takes you through the entire appraisal process, from the initial assignment to the final value estimate, using various cost approach applications.

RESIDENTIAL REPORT WRITING and CASE STUDIES

BREA Approval Number:
(21CP469203002)
15 hours – $199

This appraisal course focuses on practical appraisal report writing for residential properties, equipping you with skills to produce convincing reports by applying valuation procedures, grammar, and writing techniques to real-world case studies. Target Audience, it’s designed for individuals seeking to become Real Property Appraiser Trainees and those pursuing various levels of appraisal licensing and certification. Core Content, this appraisal course reviews and covers the following key aspects of the appraisal process:

Core Topics: Core Skills & Techniques, you’ll learn and apply the principles and methods used in valuing residential properties.Residential Valuation Procedures, you’ll learn and apply the principles and methods used in valuing residential properties. Grammar and Writing Techniques, the course will cover essential grammar rules and writing techniques crucial for clear and effective appraisal reports. Case Study Application, you’ll work with a residential case study to practice writing various sections of an appraisal report, including narrative comments and explanations of valuation procedures. Narrative Comments & Explanations, the course emphasizes writing effective narrative comments for form appraisal reports and explaining valuation procedures and conclusions to users. Real-World Application, the techniques taught are designed to be useful in real-life situations that complicate routine appraisal assignments.

RESIDENTIAL SALES COMPARISON and INCOME APPROACH

BREA Approval Number:
(10469004)
30 hours – $225

The RESIDENTIAL SALES COMPARISON and INCOME APPROACH course covers 2 methods to conducting residential property valuations. First we have the Sales Comparison Approach, which is the most common and reliable method. Second we have the Income Approach, which is primarily used for income-generating properties like rental buildings.

Here’s a breakdown of each approach:

RESIDENTIAL SALES COMPARISON

What it is: RESIDENTIAL SALES COMPARISON APPROACH estimates a property’s value by comparing it to recently sold properties with similar characteristics in the same market area.
How it works: Identify comparable properties to the subject property, adjust for their differences to that of the subject property, analyze the comparable sales and then estimate the market value of the subject property.
Identify comparable properties: Find comparable properties that are similar to the subject property interms of location, size, condition, and use.
Adjust for differences: Make adjustments to the sale prices of the comparable properties to account forany differences between them and the subject property (e.g., age, condition, size, location). It is critical that you only make adjustments to the sales prices of the comparable properties while compensting forthe differences in age, condition, size, location, number of bedrooms, bathrooms, and other amenities to that of the subject property.
Deep Dive:If a particular comparable property’s characteristic is present or superior to that of the subject property, you adjust it’s sale price down to balance out the difference for that characteristic:
- Example 1: A Comparable property has a huge swimming pool and the Subject property either has a tinykiddy pool or none at all.
  - Solution: The appropriate action would be marking down the Comparables sales price by $15,000 or $35,000 respectively speaking
- Example 2: A particular comparable property’s characteristic is not present or is inferior to that of the subject property.
  - Solution: The appropriate action would be to proceed to mark up or adjust it’s sale price up, thus balancing out the difference

INCOME APPROACH

What is it? The income approach estimates a property’s value based on its potential to generate income.
How does it work? First you calculate the property’s net operating income, then apply a capitalization rate to arrive at the property’s value.
Calculate Net Operating Income: To determine the property’s net operating income (NOI), Calculate the property’s annual income after deducting all operating expenses.
Apply a Capitalization Rate: Next, Apply a capitalization rate. How? Divide the NOI by an appropriate capitalization rate (a rate that reflects the market’s expected rate of return) to arrive at the property’s value.
Why is it used for income-generating properties? The income approach is particularly useful for valuing income-generating properties like commercial buildings or rental properties because it directly reflects the property’s ability to generate cash flow.
When is it less effective? The income approach may be less reliable for valuing residential properties that are not primarily used for income generation.

LIVE COURSE OFFERING: We will meet with you in person, in a Live Classroom, and you will pick up your books locally.
COURSE ASSESSMENTS: All testing is done in person, live, locally in Daly City, in a PROCTOR MONITORED classroom setting.
PERSONALIZED FORMATS: Experience personalized learning with our live instruction courses, guided by real instructors on-site.

Daly City Campus site
6121 Mission St., Daly City, CA 94014

Home Office site
124 Peoria St., Daly City, CA 94014

Continuing Education Requirements for Appraisers

Other Requirements: California appraisers must also complete:
- Continuing Education every 4 years 49 Hours
- Includes the National USPAP Update Course 7 Hours
Renewing Appraisers/Trainees must also complete:
(these are mandatory California courses):
- Bias Elimination 2 Hours
- Cultural Competency 1 Hour

APPRAISAL CLASSES for CONTINUING EDUCATION

BREA Approval Numbers:
(08469001, 15CP469203001, 22CP469203003,
09469003, 21CP469203002, 10469004)
49 Hours – $ 399

Federal Laws and Regulations for California Appraisers
(22CP469203003)
Real Estate Appraisal Principles
(08469001)
Real Estate Appraisal Principles & Procedures
(15CP469203001)

Residential Appraiser Site Valuation & Cost Approach
(09469003)

Residential Report Writing & Case Studies
(21CP469203002)

Residential Sales Comparison & Income Approach
(10469004)

These are not Self-Study nor correspondence courses.
We will meet with you in a live Classroom and you will pick up your books locally.
All testing is done locally in Daly City and also in a classroom setting.

These courses are live instruction with a real person on site.
Any additional course requirements may be completed at
McKissock Learning Center online platform.

Daly City Campus site
6121 Mission St., Daly City, CA 94014

Home Oﬃce site
124 Peoria St., Daly City, CA 94014