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- 1031 REAL ESTATE EXCHANGE
This 1031 Real Estate Exchange course focuses on Section 1031 of the Internal Revenue Code allows for a tax deferment on the exchange of like kind income-producing property. This course outlines the uses of 1031 exchanges, covering what constitutes exchangeable property, the definition of like kind, the roles of different professionals in 1031 exchanges, the benefits and drawbacks, as well as the different types of exchanges commonly used for real estate transactions.
- AGENCY LAW
This Agency Law course discusses the basics of agency law, identifying the parties involved in an agency relationship, methods of forming agency relationships and the type and scope of authority that various agents can have. In addition, the student will learn the rules for agency disclosure, the duties required of agents, the different types of agency agreements, the guidelines for terminating agency relationships and the employment laws that are relevant to agency relationships. In addition, this module discusses the laws that regulate trade practices to prohibit deceptive real estate activities.
- ASSET MANAGEMENT
This course covers broad issues and components of asset management plans. It also explains the discounted cash flow analysis and the impact of the different assumptions on discounted cash flow analysis. It further explains the factors to consider deciding whether to buy or lease property.
- CLOSING AND SETTLEMENT COSTS
In many states, a licensee has no official duties throughout the closing process. This leads some real estate licensees to believe that their job ends when the purchase and sales contract is signed, but this is not a prudent stance. Transactions can and do fall apart during the closing stage. Licensees who are familiar with closing procedures and settlement costs can stay involved and use their skills to help ensure that their transactions end well.
- CONTRACTS, PURCHASE AND SALES AGREEMENT
In this Contracts, Purchase and Sale Agreements course, the student will learn about the types of general contracts as well as the different kinds of real estate contracts. The module begins by providing the student with an overview of the various types of contracts: bilateral, unilateral, implied, express, executed, executory, valid, void, voidable and unenforceable. Once the student is introduced to the different types of contracts, he or she learns what makes a contract legally enforceable. The course will teach the five components that make a contract valid: mutual assent, legally competent parties, consideration, lawful objective and adherence to the statute of frauds.
- DEEDS
A deed is one of the most common instruments of title conveyance and all real estate professionals need a clear understanding of a deed’s use and purpose. This course illustrates the difference between title and a deed, as well as the statutes pertaining to and the attributes of lawful conveyance.
- ENVIRONMENTAL HAZARDS
This module covers major environmental hazards. The objective of this module is to familiarize licensees with
environmental issues since they have a responsibility to disclose to buyers any information that might affect their decision to buy. Environmental hazards can dramatically affect a property’s value, so buyers, sellers, lenders and licensees all can be affected by them.
- ESTIMATING GROSS LIVING AREA
This Estimating the Gross Living Area course covers broad issues and describes the procedures for measuring the total square footage of detached single-family homes and multifamily gross building areas. The methods employed will standardize the calculation process and enable the users of this information to obtain accurate and reproducible measurements for total gross living area of residential properties.
- FAIR HOUSING
This Fair Housing course covers broad issues on fair housing laws. Specifically, the student will learn: what fair housing laws exist, what classes of individuals are covered under these laws, how discrimination is defined in real estate, how can one avoid discriminating practices, and what the consequences are for non-compliance with fair housing laws.
- HOME INSPECTION BASICS
This course presents an overview of the home inspection business and explains how it fits into the real estate industry as a whole. In addition, the course covers the regulatory bodies and professional organizations associated with home inspection. At the conclusion of this course, the student will understand the methods used to inspect homes, will know what to look for when examining properties, both inside and out, and will understand the various types of inspection reports and the differences between them.
- LIENS, TAXES AND FORECLOSURES
This course discusses various types of liens, taxes, and addresses methods and matters of foreclosure. In the first part of this lesson, you will gain an in-depth understanding of the classification of liens and types of non-tax liens. Lesson two discusses taxes and tax issues, including advalorem taxes, real estate tax computation, special assessments, real estate transfer taxes, federal income taxes, capital gains taxes and tax shelters for homeowners and investors. Lesson three addresses the methods of foreclosure, redemption, deficiency judgments, tips for homeowners facing foreclosure and fraudulent behaviors related to foreclosure.
- CODE OF ETHICS
This Code of Ethics course covers the standards of conduct and ethical judgment by addressing the different concepts that contribute to ethical business practices. This course will introduce the student to ethics and morals by defining both terms in order to distinguish differences between the two. The student will also learn the four approaches to ethical decision-making; therefore, after learning and Standard Practices of the Code of Ethics, the student will be able to use the model identify any violations of the Code.
- PROPERTY MANAGEMENT
The quality of property management directly affects the profitability of the investment property. This course covers a property manager’s basic functions, including administrative duties, leasing practices and their legal
relationship with the owner and tenants of the property.
- REAL ESTATE APPRAISAL
This Real Estate Appraisal course covers the theories, rules, duties, and activities that guide the real estate appraisal process. Guidelines regarding professionally and ethically correct behavior for appraisers which are also covered by this course.
- REAL ESTATE FINANCE
This Real Estate Finance course provides an introduction to residential real estate finance, including information on how to underwrite FHA, VA, FNMA, and FHLMC loans. During this course, you will learn the basics of the different types of loans available, loan applications, appraisals, escrow, titles, and credit reports, including qualifying for loan amounts and verifying income and assets.You will also learn how to
calculate loan amounts, estimate monthly payments, property taxes, hazard and mortgage insurance (for
Conventional, FHA and VA), and qualifying ratios and income.
- REAL ESTATE MATH
This Real Estate Math course covers math principles essential in the practice of real estate. Some of these topics may already be familiar to the student, but the course will elaborate on how fractions, decimals, percentages, area, and volume pertain to real estate in everyday use. This course will review concepts of
interest, amortization, loan rate, discount, and prorate.
- REAL PROPERTY OWNERSHIP AND LAND USE
The objective of this course is to impress the meaning of real property ownership and the difference between real estate and personal property on the student.
- TAX FAVORABLE REAL ESTATE TRANSACTIONS
The objective of this course is to teach the real estate professional how he or she can help clients in buying and selling property on a tax-favorable basis.
- TITLES AND RECORDS
This Titles and Records course will explain the process of recording, give examples of public records and describe the different deeds of conveyances. This course will help grantors and grantees avoid any future complications concerning the ownership rights to a property or resolve any disputes that arise.
- USING THE INTERNET TO SERVE CLIENTS
In this module students will learn about the Internet and how it has affected the real estate industry. Students will also learn about the elements of websites and how to market themselves and their sites on the Internet. The final lesson teaches students to communicate effectively over email.