In a recent post on the online Education Forum, a student asked about the difference between reproduction cost and replacement cost. This topic, which relates to appraisal, is covered in Land, Structures and Real Estate Trading (the second course of the Pre-registration segment of The Salesperson Registration Program). Do you know the difference?
Reproduction cost refers to the cost of replicating a structure or building using the same materials with which the building was originally constructed. For example, using the same materials, construction standards, design, layout, and quality of workmanship. This could be costly if the materials are no longer available. Replacement cost refers to the cost of reconstructing or replacing a building with something of equal utility, using modern construction techniques and materials.
These and similar questions abound on the online education forums. Students seeking clarification on course content are encouraged to submit their queries and participate in the various discussion threads pertaining to their courses. The forums are moderated by staff curriculum.
Other Resources
OREA Real Estate College provides other support services to ensure students have a positive learning experience.
Students with questions or seeking clarification on course content may contact the Instructor Support Line (toll free at 1-866-444-5557), Monday to Friday, from 9:30 a.m. to 4 p.m.
Passit® study guides feature more than 1,000 sample multiple choice questions in study modes and timed exam modes. Study guides are available for the following courses: Real Estate as a Professional Career; Land, Structures and Real Estate Trading; The Residential Real Estate Transaction; The Commercial Real Estate Transaction; Real Property Law; and Principles of Appraisal.
ExamTutor© CD contains practice exams for the Pre-registration, Articling, and Broker courses. Pre-registration courses include Real Estate as a Professional Career; Land, Structures and Real Estate Trading; The Real Estate Transaction – General; The Residential Real Estate Transaction; and The Commercial Real Estate Transaction. Articling and Broker courses include Real Property Law; Real Estate Investment Analysis; Principles of Appraisal; Principles of Mortgage Financing; Principles of Property Management; and Real Estate Broker Course.
A Mentoring Kit for New Salespeople: Training for Success features three DVDs and several booklets, with ‘soft skills’ topics as business and career planning, professionalism, time management, communication, negotiation, conflict resolution, and prospecting techniques.
For more information about the learning tools, aids, go to http://www.orea.com/en/OREAReal-Estate-College/Learning-Tools.
To access the online education forum, go to My Portfolio and click on My OREA Community (Discussion Forum For Courses).
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