- Course type: Self-paced
- Available Lessons: 66
- Average Lesson Length: 8 min
- New lessons are still being added
Watch a preview:chapter 1 / lesson 1Legal Description of Property: Definition, Importance & Example
Course SummaryUse of this study guide is a convenient way to prepare for the Ohio Licensed Appraiser Exam. The course contains fun video lessons, self-assessment quizzes, and chapter exams that help you better understand the topics covered.
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Course Practice TestCheck your knowledge of this course with a 50-question practice test.
- Comprehensive test covering all topics
- Detailed video explanations for wrong answers
About This Ohio Licensed Appraiser Exam Study Guide
Passing the Ohio Licensed Appraiser Exam is required to become a licensed real estate appraiser in the state of Ohio. This course was created to assess your knowledge of topics you'll encounter on the test. There are lessons on land valuation, liens, government powers in real estate, report writing for appraisers, and a lot more.
Ohio Licensed Appraiser Exam Course Information
This course is designed to prepare you for the Ohio Licensed Appraiser Exam, covering all of the topics outlined in the official test materials provided by PSI Exams on behalf of the Ohio Department of Commerce's Division of Real Estate and Professional Licensing. Our professional instructors created this comprehensive course to help you master these objectives. Some of the topics covered in this course are listed below:
Real Estate Market
- Defining escheat in real estate
- Challenging real estate assessments
- Understanding water rights
- Distinguishing between real property and personal property
Land or Site Valuation
- Using the extraction method of land valuation
- Explaining the subdivision method of site valuation
Sales Comparison Approach
- Employing the sales comparison approach to estimate value
- Identifying comparable real estate sales
- Defining the cost approach to property valuation
- Estimating reproduction costs in real estate
- Using compound interest tables
- Estimating reserves in property valuation
Reconciliation of Value Indicators
- Identifying value indicators
- Reconciling judgments in real estate appraisal
Uniform Standards of Professional Appraisal Practice (USPAP)
- Utilizing writing and reasoning skills for real estate appraisers
- Interpreting an appraisal report
Ohio Licensed Appraiser Exam Course Format
This course has 13 individual chapters and 90 lessons presented using text and video formats. Assess your knowledge of what's covered in each lesson by completing self-assessment quizzes and exams provided for each chapter.
Ohio Licensed Appraiser Exam Information
- Number of Questions: 110
- Question Type: Multiple choice
- Time Limit: 4 hours
- Exam Cost: $90
Ohio Licensed Appraiser Exam Breakdown
|Ohio Licensed Appraiser Exam Concept||Percent of the Ohio Licensed Appraiser Exam||Approximate Number of Questions||Chapter Lessons|
|Real Estate Market||20%||22||5|
|Land or Site Valuation||4%||4||16|
|Sales Comparison Approach||22%||24||8|
|Reconciliation of Value Indicators||2%||2||3|
|Uniform Standards of Professional Appraisal Practice (USPAP)||16%||18||21|
Ohio Licensed Appraiser Exam is a registered trademark of the Ohio Department of Commerce, which is not affiliated with Study.com.
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