Preparing a Market Analysis - Best Practices (3hr)
Whether for a buyer or seller, the comparative market analysis, properly done, can mean several thousands extra dollars in their pockets, and can determine whether a deal can be struck at all. But because it’s such a well-worn tool, it’s tempting for a licensee to get complacent with the CMA, and “phone it in.”
Don’t be that licensee!
This course covers the how-tos of a professionally researched comparative market analysis.
Course Highlights:
- The three-step approach to market analyses: the market, the property, the numbers
- Sources for subject property data and market data
- Using expired and active listings to inform pricing strategy
- How to prioritize criteria when selecting comparables
- How to adjust and homogenize selected comparables
- How to weight selected comparables when selecting a list price range
State Requirements For California
California State Requirement Details for Real Estate Continuing Education
Renewal Date: Every four years
Hours Required: 45 hours
Real estate salespersons renewing an original license for the first time, must complete 45 clock hours of DRE-approved continuing education consisting of:
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Four separate 3-hour courses in the following subjects: ethics, agency, trust fund handling, and risk management
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3-hour Fair Housing course which must including an interactive participatory component
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2-hour Implicit Bias Training course
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18 hours of consumer protection courses
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The remaining clock hours to complete the 45 hours of continuing education may be related to either consumer service or consumer protection courses.
California Department of Real Estate
Street Address: 651 Bannon Street, Suite 500, Sacramento, CA 95811
Telephone: 877-373-4542
Contact California Dept. of Real Estate
The CE Shop Approved Courses (enter "CE Shop" in the Enter Course Provider Name field)