BREA Broker Exam case studies
BREA Broker Exam · Put your knowledge to work in context.
The California Bureau of Real Estate Appraisers (BREA) licenses and regulates real estate appraisers in California. The broker-level credential sits at the top of the appraiser licensing ladder in the state, and it is aimed at appraisers who want to sign complex assignments, supervise and take responsibility for other appraisers' work, and operate at the highest level of independence the profession allows. The BREA Broker Exam case studies are 5 cases and about 2,919 words.
1The Duplex That Sold Twice in One Quarter
You are reviewing an appraisal of a two-unit duplex in a transitioning neighborhood. The appraiser used the sales comparison approach and gave 60% of the weight to Sale A, which closed 14 months before the effective date for 412,000.
587 words, about 3 min2Highest and Best Use on a Corner Parcel With a Variance
A 9,600-square-foot corner lot is improved with a 1,400-square-foot single-family house built in 1958. The house is habitable but functionally obsolete: 7-foot ceilings, one bathroom, no off-street parking.
599 words, about 3 min3The Adjustments That Swallowed the Comparable
An appraiser is valuing a 2,050-square-foot ranch with a two-car garage on a 0.31-acre lot. The best comparable is a 1,780-square-foot ranch with a one-car garage on a 0.28-acre lot that sold for 385,000.
602 words, about 3 min4The Income Approach With a Lease That Does Not Match the Market
You are reviewing an appraisal of a small retail building, 4,800 square feet, leased to a single tenant. The lease has 3 years remaining at 19.50 per square foot, triple net.
560 words, about 3 min5The Review Assignment With an Unsupported Extraordinary Assumption
You are engaged to review an appraisal of a 12-unit apartment building. The report contains an extraordinary assumption that the building's roof has no active leaks and will not need replacement for five years, based on the owner's statement.
571 words, about 3 min