Page 222 - 2019-20 GCC Catalog

REAL ESTATE 219

161 163 165
INCOME APPRAISAL REPORT BASIC RESIDENTIAL REAL ESTATE UNIFORM STANDARDS OF
WRITING APPRAISAL PROFESSIONAL APPRAISAL
3.0 Units 3.5 Units PRACTICE (USPAP)
RE 161 covers real estate appraisal, includ- RE 163, which focuses on residential apprais- 1.0 Unit
ing methods of appraising such properties als, meets the requirements of the Appraisal RE 165 meets the requirements of the
as apartment buildings, industrial proper- Qualifi cations Board of the Appraisal Foun- Appraisal Qualifi cations Board (AQB) of
ties, subdivisions, and rural properties. dation, and follows their outline modules. It the Appraisal Foundation for state licens-
This course meets the requirements of the covers the following major areas: 1) Residen- ing and certifi cation. This course includes
2008 Appraisal Qualifi cations Board of the tial Market Analysis and Highest and Best the national examination as required by the
Appraisal Foundation. It covers advanced Use; 2) Residential Appraiser Site Valuation AQB. Completion of this course and success-
income property applications, case stud- and Cost Approach; and 3) Residential Sales ful completion of the three-hour national
ies, and report writing. This course meets Comparison and Income Approach. This examination (the course fi nal examination)
the license requirements for all levels of course meets the license education require- are required by the California Offi ce of Real
appraisal licensure. It is required for the ments for all levels of appraisal licensure. Estate Appraisers (OREA) for initial trainee
trainee license, residential license, certifi ed It is required for the trainee license, resi- licensure. Note: Students with disabilities
residential license, and certifi ed general dential license, certifi ed residential license, who require special accommodations must
license. Lecture 3 hours. Prerequisite: None. and certifi ed general license. This course contact the GCC Business Division (818)
Course Typically Off ered: Spring (Every qualifi es with the California Department 240-1000, ext. 5484 before registering for
Other Year). Transfer Credit: CSU. of Real Estate as a statutory/pre-license real information to obtain prior written approval
estate course for both the salesperson and from the AQB. Note: This course is Pass/
162 broker education requirements. In addition, No Pass only. Lecture 1 hour. Prerequisite:
BASIC APPRAISAL PRINCIPLES this course may also qualify as the second None. Course Typically Offered: Fall/
AND PROCEDURES appraisal course for broker education Spring.
3.5 Units
requirements referred to as Advanced Real
RE 162 meets the requirements of the 2008 Estate Appraisal. Emphasis is on residential 180
Appraisal Qualifications Board of the properties, such as single-family homes, 1-4 MORTGAGE LOAN BROKERING
Appraisal Foundation. The emphasis of this unit apartments, condos, mobile homes, and 3.0 Units
course is on residential real estate. It covers manufactured homes. Lecture 3.5 hours. RE 180 details the requirements for grant-
the basic real estate appraisal principles, Prerequisite: None. Course Typically ing licenses to loan on real property in
basic real estate appraisal procedures, Off ered: Fall (Every Other Year). California. Lecture 3 hours. Recommended
and meets the license requirements for all Preparation: RE 101 or equivalent. Course
levels of appraisal licensure. It is required 164 Typically Off ered: Fall/Winter. Transfer
for the trainee license, residential license, RESIDENTIAL APPLICATIONS AND Credit: CSU.
certifi ed residential license, and certifi ed RESIDENTIAL REPORT WRITING 190
general license. This course qualifi es with 3.0 Units PROPERTY MANAGEMENT
the California Department of Real Estate as RE 164 meets the requirements of the 3.0 Units
a statutory/pre-license real estate course for Appraisal Qualifications Board of the
both the salesperson and broker education Appraisal Foundation. It covers advanced RE 190 is a basic course in the management
requirements. Lecture 3.5 hours. Prerequi- residential applications and case studies, of income properties, which analyzes specifi c
site: None. Course Typically Off ered: Spring as well as residential report writing and types of properties that are managed; the
(Every Other Year). case studies. This course meets the license class also discusses the major problems of
requirements for all levels of appraisal licen- leasing, collections, rent schedules, tenant
sure. It is required for the trainee license, selection, neighborhood analysis, purchas-
residential license, certified residential ing, evictions, preventive maintenance,
license, and certifi ed general license. Lecture depreciation, record keeping, and economics
3 hours. Prerequisite: None. Course Typi- of property. The class also focuses on how
cally Off ered: Fall (Every Other Year). to compile a set of procedures for practical
utilization in property management. Lecture
3 hours. Recommended Preparation: RE 101
or equivalent. Course Typically Off ered:
Fall/Spring. Transfer Credit: CSU.
195
COMMON INTEREST
DEVELOPMENTS (HOMEOWNERS
ASSOCIATIONS MANAGEMENT)
3.0 Units
RE 195 covers the basics of managing,
purchasing and selling of common interest
developments (CIDs) that are governed by
homeowner associations (HOA) including
condominiums. All applicable laws will
be included in the course. Lecture 3 hours.
Recommended Preparation: RE 101. Course
Typically Off ered: Fall (Every Other Year).

2019–2020 C A T ALOG • G LEND ALE C OMMUNITY C OLLEGE