INDIVIDUAL COURSE DESCRIPTIONS
Asset Management
Approval Number: M5325
APPROVED FOR:
3 HOURS CE CREDIT
COURSE DESCRIPTION:
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.
LEARNING OBJECTIVES:
Discounted cash flow analysis
The components of Asset Management Plans
How to compare Alternative Asset Management
The impact of different assumptions on discounted cash flow analysis
The factors to consider to deciding whether to buy or lease property
The different alternatives to maximize return from distressed property
The factors in deciding whether to sell or hold a property
TOPICS COVERED:
Introduction
LESSON 1: Asset Management Essentials
LESSON 2: Case Study: A Successful Renovation
LESSON 3: Asset Management Assumptions
LESSON 4: The Decision to Buy or Lease
LESSON 5: Distressed Property Decisions
LESSON 6: The Disinvestment Decision
LESSON 7: Complexities of Real Investment
LESSON 8: Real Estate Market Research
REGULATORY REQUIREMENT:
State agents need to complete 22.5 hours of state approved elective courses every 2 years, and renew every two years from the date their license was received.
SEAT TIME:
This course has been approved for 3 hours.
COURSE PRE-REQUISITE:
N/A
TESTING:
Quizzes - All quizzes must be taken to proceed forward to the next lesson. Final Exam - You will NOT be required to take a final exam.
COURSE COMPLETION:
After course completion, you will print and complete a course completion certificate and fax to the school. New York Department of State will be notified within one business week and a certificate mailed within 7-14 business days.
Environmental Hazards
Approval Number: M5300
APPROVED FOR:
3 HOURS CE CREDIT
COURSE DESCRIPTION:
This course is designed to increase your knowledge about expanding environmental issues and laws that have an impact on environmental problems. This course identifies the procedures used to locate toxic waste sites, the responsibilities for clean up and steps that may be taken to minimize future liabilities.
While real estate agents are not expected to be environmental experts, the same disclosure rules apply as to other facts about a property. That is, if environmental information is known to the sales agent and it would affect a prudent purchaser's decision to buy, it must be disclosed. Because of this, licensees should be familiar with the nature of these problems as well as the laws and regulations that are intended to protect both the consumer and the environment.
LEARNING OBJECTIVES:
Identify recent laws that have an impact on environmental problems, including lead disclosure laws
Identify the procedures used to locate toxic waste sites, the responsibilities for clean up and steps that may be taken to minimize future liabilities
Explain the nature of major air pollutants and remedies that may be applied to minimize the effect
Explain a landowner's responsibility for the protection of designated wetland areas
Identify the protections afforded endangered species by landowners and when land development is undertaken
Explain the nature of electromagnetic forces and a possible need for testing
Explain the current status of environmental laws and its affect on property insurance and mortgage lending
TOPICS COVERED:
INTRODUCTION
LESSON 1: Environmental Issues
LESSON 2: Principal Environmental Problems
LESSON 3: Lead Poisoning and Indoor Air Pollution
LESSON 4: Hazardous Gas
LESSON 5: Toxic Waste Sites
LESSON 6: Wetlands Protection
LESSON 7: Endangered Species Protection
LESSON 8: Underground Storage Tanks (UST)
LESSON 9: Water Damage
LESSON 10: Mold
LESSON 11: Environmental Site Assessment
LESSON 12: Contamination
REGULATORY REQUIREMENT:
State agents need to complete 22.5 hours of state approved elective courses every 2 years and renew every two years from the date their license was received.
SEAT TIME:
This course has been approved for 3 hours.
COURSE PRE-REQUISITE:
N/A
TESTING:
Quizzes - All quizzes must be taken to proceed forward to the next lesson.
Final Exam - You will NOT be required to take a final exam.
COURSE COMPLETION:
After course completion, you will print and complete a course completion certificate and fax to the school. New York Department of State will be notified within one business week and a certificate mailed within 7-14 business days.
Home Inspection Basics
Approval Number: M5292
APPROVED FOR:
3 HOURS CE CREDIT
COURSE DESCRIPTION:
In this competitive market place every Sales Broker needs to increase their service proposition to their clients by offering a deeper knowledge base and services to their prospective clients.
LEARNING OBJECTIVES:
How to conduct an Inspection
Internet resources available to the general public
Report Formats
Benefits of a Sales Person / Broker as an home inspector
Simple disclosure vs. Meaningful Disclosure
REGULATORY REQUIREMENT:
State agents need to complete 22.5 hours of state approved elective courses every 2 years and renew every two years from the date their license was received.
SEAT TIME:
This course has been approved for 3 hours.
COURSE PRE-REQUISITE:
N/A
TESTING:
Quizzes - All quizzes must be taken to proceed forward to the next lesson.
Final Exam - You will NOT be required to take a final exam.
COURSE COMPLETION:
After course completion, you will print and complete a course completion certificate and fax to the school. New York Department of State will be notified within one business week and a certificate mailed within 7-14 business days.
Real Estate Finance
Approval Number: M5398
APPROVED FOR:
3 HOURS CE CREDIT
COURSE DESCRIPTION:
This course breaks down in detail the major areas of concern for qualifying the buyer through income, credit, net worth, source of funds, debts, and the loan application check list for residential real estate financing. It also discusses various loan types including FHA, VA, LTV, and Conventional. By the end of this course, you will better understand the basic residential real estate financing procedures and have knowledge of the purchase and sale of residential real estate.
LEARNING OBJECTIVES:
To enable the student to calculate the maximum loan and monthly payment for which the buyer qualifies for under conventional, FHA and VA loan programs.
To identify when PMI is required, and explain why.
To enable the student, given the down payment, loan amount, premium factor, interest rate, type of loan, and term, to correctly calculate the annual and monthly PMI or MIP.
To enable the student, given the terms and conditions of sample conventional, FHA, or VA loans, to identify the differences with respect to loan limits, procession times, interest rates, down payment, assumption guidelines, and prepayment penalties, if any.
To enable the student, given the loan amount, interest rate, terms and type of loan, to calculate monthly principal and interest payments.
To enable the student to recognize the major provisions of an adjustable rate mortgage (ARM).
To enable the student to calculate a worst-case ARM scenario with respect to a given buyer.
To expose the student to the features of alternative financing.
To enable the student to provide buyers with information about the lending process that a mortgage underwriter would consider when determining the amount of money the lender would provide.
TOPICS COVERED:
INTRODUCTION
LESSON 1: Qualifying the Buyer
LESSON 2: Loan Underwriting Guidelines
LESSON 3: Types of Loans
LESSON 4: Residential Real Estate Financing
LESSON 5: Case Study
REGULATORY REQUIREMENT:
State agents need to complete 22.5 hours of state approved elective courses every 2 years and renew every two years from the date their license was received.
SEAT TIME:
This course has been approved for 3 hours.
COURSE PRE-REQUISITE:
N/A
TESTING:
Quizzes - All quizzes must be taken to proceed forward to the next lesson.
Final Exam - You will NOT be required to take a final exam.
COURSE COMPLETION:
After course completion, you will print and complete a course completion certificate and fax to the school. New York Department of State will be notified within one business week and a certificate mailed within 7-14 business days.
Appraisal & Inspection Basics
Approval Code: M5294
APPROVED FOR:
3.75 HOURS CE CREDIT
COURSE DESCRIPTION:
This course covers broad issues on property appraisal and inspection. The fundamentals of real estate valuation and various methods how to appraise properties are emphasized. It also serves to educate real estate associates on the discipline of a home inspection. Further, this course covers how a salesperson can understand home inspections to benefit their clients. Important Note: This course serves only to provide you with basic knowledge on home inspections. A sales person should not perform a home inspection. It should be left to a trained professional Inspector.
LEARNING OBJECTIVES:
The fundamentals of real estate valuation and appraisal
How to identify with a client’s needs and your product in the market
Various approaches used in an appraisal
Various approaches used in valuation
How to read an appraisal report.
An Overview Of The Inspection Business
What To Expect From A Home Inspector
Essential Tools Required And Used In The Home Inspection Profession
Building Codes And Code Authoring Organizations
Basic Report and Reporting Formats
Home Inspectors Reporting Language, Grammar, Comments and Liability
TOPICS COVERED:
INTRODUCTION
LESSON 1: Real Estate Appraisal as a Career
LESSON 2 : What it Takes to Be an Appraiser
LESSON 3: How Value is Determined
LESSON 4: Overview of the Inspection Business
LESSON 5: Licensing and Credentials
LESSON 6: Essential Tools for Agents
LESSON 7: Report Formats
LESSON 8: Report Writing
LESSON 9: The Home Inspector
REGULATORY REQUIREMENT:
State agents need to complete 22.5 hours of state approved elective courses every 2 years and renew every two years from the date their license was received.
SEAT TIME:
This course has been approved for 3.75 hours.
COURSE PRE-REQUISITE:
N/A
TESTING:
Quizzes - All quizzes must be taken to proceed forward to the next lesson.
Final Exam - You will NOT be required to take a final exam.
COURSE COMPLETION:
Upon course completion, you will print and complete a course completion certificate and fax to the school. New York Department of State will be notified within one business week and a certificate mailed within 7-14 business days.
Leasing & Property Management-NY
Approval Code: M5293
APPROVED FOR:
3.75 HOURS CE CREDIT
COURSE DESCRIPTION:
This course covers the basics of leasing and property management. The course will cover the duties of a property manager and how to set up a management plan. You will be provided with information on how to fill out the leases, what the licensee’s responsibilities are, the licensee’s role in various real world practices, situations and the issues related to the duties of landlord and their tenants. The course also covers basic fair housing, discrimination, and environmental issues that brokers and property managers need to be aware of when leasing or managing properties.
LEARNING OBJECTIVES:
The Key Terms in Property Management
The normal duties of a property manager
How to set up a management plan
The Management Proposal
The management Agreement
Property Management Report
The properties that require management
Define the term lease and identify essential elements of a lease.
Identify types of leases
Identify and understand basic and common environmental issues and problems
Understand the federal fair housing laws and who is protected
Understand what acts are considered discrimination under the Fair Housing Act
TOPICS COVERED:
INTRODUCTION
LESSON 1: SERVICES TO LANDLORDS
LESSON 2 : SERVICES TO TENANTS
LESSON 3: WHAT IS A LEASE?
LESSON 4: TYPES OF LEASES
LESSON 5: INTRODUCTION TO FAIR HOUSING
LESSON 6: INTRODUCTION TO ENVIRONMENTAL PROBLEMS
LESSON 7: SETTING UP A MANAGEMENT PLAN
REGULATORY REQUIREMENT:
State agents need to complete 22.5 hours of state approved elective courses every 2 years and renew every two years from the date their license was received.
SEAT TIME:
This course has been approved for 3.75 hours.
COURSE PRE-REQUISITE:
N/A
TESTING:
Quizzes - All quizzes must be taken to proceed forward to the next lesson.
Final Exam - You will NOT be required to take a final exam.
COURSE COMPLETION:
After course completion, you will print and complete a course completion certificate and fax to the school. New York Department of State will be notified within one business week and a certificate mailed within 7-14 business days.
Fair Housing
Approval Code: M-5301
APPROVED FOR:
3 HOURS CE CREDIT
COURSE DESCRIPTION:
This course is designed to increase your knowledge of federal and state fair housing laws and related civil rights and anti-discrimination laws that affect real property transactions. All real estate licensees need to understand who is protected by the fair housing laws, what acts are prohibited by these, and how the fair housing laws are enforced. The more knowledgeable you are about fair housing, the less likely you will be to commit fair housing violations. Course topics covered in this course include transactions covered by the law, discrimination, HUD advertising guidelines, equal housing opportunity, the equal credit opportunity act and the Americans with Disabilities Act.
LEARNING OBJECTIVES:
What are the federal fair housing laws?
Who is covered by the Fair Housing Act?
What do the fair housing laws protect against?
What transactions are not covered under federal law?
See how an insurance agency is organized
What is discrimination?
What acts are considered discriminatory under the Fair Housing Act?
What is the Federal Equal Credit Opportunity Act?
What is the Americans with Disabilities Act?
What are the penalties for non-compliance with fair housing laws?
How can one avoid discriminating against others?
What is the HUD/NAR Partnership and why is it important?
What are the HUD Advertising guidelines?
What are acceptable and unacceptable words and phrases to use in advertisements?
How can a salesperson show evidence that he/she does not discriminate?
TOPICS COVERED:
INTRODUCTION
LESSON 1: Introduction to Fair Housing
LESSON 2: Discrimination
LESSON 3: Other Legal Protections against Discrimination
LESSON 4: Enforcement of Fair Housing Laws
LESSON 5: How to Avoid Discrimination
LESSON 6: Case Studies
LESSON 7: Real World Practice
REGULATORY REQUIREMENT:
State agents need to complete 22.5 hours of state approved elective courses every 2 years and renew every two years from the date their license was received.
SEAT TIME:
This course has been approved for 3 hours.
COURSE PRE-REQUISITE:
N/A
TESTING:
Quizzes - All quizzes must be taken to proceed forward to the next lesson.
Final Exam - You will NOT be required to take a final exam.
COURSE COMPLETION:
After course completion, you will print and complete a course completion certificate and fax to the school. New York Department of State will be notified within one business week and a certificate mailed within 7-14 business days.
Contracts, Purchase & Sales Agreements
p>NOTE: This course is approved for 2 Hours Mandatory and 2 Hours Elective Credit
COURSE DESCRIPTION
Clear, mutually-acceptable agreements are an essential component of the legal transference of ownership. In the practice of real estate, contracts are the instruments used to describe and record the agreements surrounding the conveyance of property. Some type of contract is nearly always involved, whether a salesperson is promising to sell a property within a specified period of time, a prospective buyer is placing an offer on a house or a seller is considering an offer on property.
Before entering into a legally binding agreement, real estate professionals must fully understand the contracts that govern their industry. Failure to understand contracts opens a licensee to various kinds of liability and can seriously damage one’s professional reputation. Therefore, it is vital that real estate professionals learn this material so that they can protect themselves against errors, oversights and misunderstandings.
In this module you will learn about the types of general contracts as well as the different kinds of real estate contracts. The module provides 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, this being the five components that make a contract valid: mutual assent, legally competent parties, consideration, lawful objective and adherence to a statute of frauds. This module includes the following lessons:
Types of Contracts
Features of a Legally Valid Contract
Contract Fulfillment
Real Estate Contracts
The fifth and concluding lesson in this module presents real-world dilemmas and concrete applications of the information presented in the rest of the course. As the student completes this module, he or she should try to develop a broad picture of environmental issues and how they fit into the larger practice of real estate; the last lesson will help with this project by presenting comprehensive content questions, practice problems and case studies.
LEARNING OBJECTIVES
Upon completion of this module, the student will be able to:
Name and explain the various components of a valid contract.
Identify the differences between a unilateral and bilateral contract.
Describe the various types of contracts.
Recognize the difference between a forbearance and performance agreement.
Outline the features of a contract (and the contracting parties) that make a contract legally binding.
Recognize the general features of a completed contract.
Identify when a contract can be discharged.
Recognize the different kinds of real estate contract
Approved Course Number(s):
M-7079
Tax Favorable Real Estate Transactions
Course Description
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.
In accordance with TREC rules Sections 535.71 and 535.72D, the first two lessons of the course seek to provide a method of real estate purchase using pretax dollars and of growing the estate within a qualified product. We will discuss the application of current tax advantages of using both qualified and non-qualified tax products such as IRA’s, SEP IRA, 401k, Roth IRAs and charitable gift annuities. The use of these applications will provide the real estate professional with the opportunity to create a long standing and profitable relationship with his or her clients, as well as attracting a more sophisticated investor wishing to find an alternative to 1031 exchanges.
The final lessons of this module will explain the many important aspects of Internal Revenue Code Section 1031. The course will focus on the benefits of the 1031 exchange for the investor, licensed real estate agent/broker and other parties to the transaction. Upon completion of this course, the student will learn which properties qualify under Section 1031 and how to use the various types of 1031 exchanges to enhance the client’s position in the investment real estate market.
Learning Objectives
Upon completion of this module the student will:
Be able to identify motivated buying and selling clients.
Know the attributes of qualified and non-qualified products and how they can be of benefit to the sales process.
Be able to identify the restrictive rulings of the 1031 exchange program.
Know how money can be accumulated using pre-tax dollars, accumulate interest on a tax-deferred basis, and create litigation protection.
Know charitable strategies of creating income and tax relief for individuals or families owning highly-appreciated real estate.
Know about Charitable Gift Annuities, and the annuity payments, income benefits and tax advantages associated with them.
Know the parameters that the IRS uses to define a valid like kind exchange.
Know the pros and cons of various exchanging alternatives.
Know the mechanics of a successful tax-deferred exchange and the role of each party in those exchanges.
Be familiar with exchange documentation and the role of a qualified intermediary.
Understand what constitutes “boot” and how to deal with it.
Know how to calculate whether a sale is to be preferred over an exchange.
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Regulatory Requirement
Our staff works diligently to provide you with an analysis of current mandates and legislation that affects you the licensee. All information pertaining to the Mandatory Continuing Education requirements can be found on the State Requirements page. You can find the link to this page on the upper Navigation bar on the Course Catalog.
Course Completion
Any applicable completion certificates or affidavits can be printed after completing the course and final exam.
Testing
Quizzes - There is a quiz at the end of each lesson to test comprehension of the subject matter.
Final Exam - Passing Grade 70%. You can take the final three times.
Estimating the Gross Living Area
Approval Code: M5291
APPROVED FOR:
5 HOURS CE CREDIT
COURSE DESCRIPTION:
This 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. The student will learn how to treat the finished areas above and below grade, the finished living area above the garage, and the unfinished areas within the structure. The standard will allow individuals and organizations to agree and cooperate in communicating these square footage quantities to users of this information.
LEARNING OBJECTIVES:
A standard itself is a voluntary guide for producers and consumers.
A standard allows individuals and organizations that use different terminologies based on different points of view to communicate, cooperate, and calculate quantities on a common basis.
This standard promotes these goals in the hope that square footage calculation can become an item of agreement rather than a point of contention between groups with different interests and concerns.
This standard for the calculation and reporting of above-grade square footage and below-grade square footage in single-family houses is offered for voluntary application.
The standard is not meant to replace or supersede any legal or otherwise required existing area measurement method.
The standard embodies one informative principle that is intended to comment on and illustrate the standard; however, the principle is not considered part of the standard.
This standard was processed and approved for submittal to ANSI by the Accredited Standards Committee on Residential Square Footage, Z765. Committee approval of the standard does not necessarily imply that all committee members voted for its approval.
TOPICS COVERED:
INTRODUCTION
LESSON 1: AMERICAN NATIONAL STANDARD FOR SINGLE-FAMILY RESIDENTIAL BUILDINGS
LESSON 2 : ANNEX
LESSON 3: CAREFULLY MEASURE THE PROPERTY YOURSELF
LESSON 4: THE APPRAISAL PROCESS
LESSON 5: UNIFORM STANDARDS OF PROFESSIONAL APPRAISAL PRACTICE 2001 EDITION
LESSON 6: VALUATION ANALYSIS FOR HOME E INSURANCE FOR SINGLE FAMILY ONE – To – FOUR UNIT DWELLINGS
LESSON 7: SUMMARY AND OTHER GUIDELINES
REGULATORY REQUIREMENT:
State agents need to complete 22.5 hours of state approved elective courses every 2 years and renew every two years from the date their license was received.
SEAT TIME:
This course has been approved for 5 hours.
COURSE PRE-REQUISITE:
N/A
TESTING:
Quizzes - All quizzes must be taken to proceed forward to the next lesson.
Final Exam - You will NOT be required to take a final exam.
COURSE COMPLETION:
After course completion, you will print and complete a course completion certificate and fax to the school. New York Department of State will be notified within one business week and a certificate mailed within 7-14 business days.
Pricing to Financing
Approval Number: M-5326
APPROVED FOR:
6 HOURS CE CREDIT
COURSE DESCRIPTION:
This course covers broad issues on real estate Comparative Market Analysis (CMA), and House Measuring. It puts emphasis on how to fill out the forms and the licensee’s responsibilities. Further, it covers the issues related to financing of property that is to be sold and the requirements and various financing options.
LEARNING OBJECTIVES:
Gather and organize all information needed to make an accurate market analysis of a property.
Format the information so that it is easily understood
Present the material so that securing the listing is more likely
Update the market analysis periodically
Correctly measure at least one structure
Correctly compute the area of geometric shapes
Correctly compute the living area of a structure
Correctly compute the total area under roof of a structure
Evaluate the ability of a prospect to buy real estate
Use a financial calculator to calculate mortgage payments
Consult with a mortgage lender to determine the value of the real estate the consumer is qualified to purchase
Identify the major type of financing best suited to the consumer
Explain to the consumer the loan application process
Explain to the consumer the loan processing process
TOPICS COVERED:
Introduction
MODULE 1
LESSON 1: Comparative Market Analysis
LESSON 2: House Measuring
MODULE 2
LESSON 1: Lender and FHA Requirements
LESSON 2: Location Analysis
LESSON 3: Property Analysis
LESSON 4: Valuation Conditions
LESSON 5: Regulatory Environment, Enforcement and Sanctions
LESSON 6: Manufactured Homes
LESSON 7: Planned Unit Developments and Condominiums
LESSON 8: Preparing a Property for Mortgage
LESSON 9: Appraiser’s Role in Location Considerations
LESSON 10: Appraiser and the Real Estate Salesperson’s Role in a Deal that Falls Apart
LESSON 11: Required Forms, URAR and Other Appraiser Issues
MODULE 3
LESSON 1: Qualifying the Buyer
LESSON 2: Loan Underwriting Guidelines
LESSON 3: Types of Loans
LESSON 4: Residential Real Estate Financing
LESSON 5: Case Study
REGULATORY REQUIREMENT:
State agents need to complete 22.5 hours of state approved elective courses every 2 years and renew every two years from the date their license was received.
SEAT TIME:
This course has been approved for 6 hours.
COURSE PRE-REQUISITE:
N/A
TESTING:
Quizzes - All quizzes must be taken to proceed forward to the next lesson.
Final Exam - You will NOT be required to take a final exam.
COURSE COMPLETION:
After course completion, you will print and complete a course completion certificate and fax to the school. New York Department of State will be notified within one business week and a certificate mailed within 7-14 business days.
NAR Code of Ethics
This course is NOT approved by NAR. The course does contain the NAR mandated ethics topics, but it is up to the discretion of your Board or Association to decide if this course will fulfill your NAR ethics requirement.
Approval Number: M5302
APPROVED FOR:
3 HOURS CE CREDIT
COURSE DESCRIPTION:
This course covers broad issues of standards of conduct and moral judgment. Our discussion will be in two parts. Part one will discuss case studies as they pertain to various illegal as well as unethical actions. Part two will discuss the National Association of REALTORS ® Code of Ethics and Standards of Practice.
LEARNING OBJECTIVES:
The study of standards of conduct and moral judgment
The system or code of morals of a particular person, religion, groups, professional, etc.
Required conduct of Real Estate Professionals as outlined in the National Association of REALTORS® Code of Ethics
INTRODUCTION
LESSON 1: NAR CODE OF ETHICS AND STANDARDS OF PRACTICE Preamble Duties To Clients And Customers
LESSON 2: NAR CODE OF ETHICS AND STANDARDS OF PRACTICE Duties To The Public
LESSON 3: NAR CODE OF ETHICS AND STANDARDS OF PRACTICE Duties To Real Estate Agents
LESSON 4: NAR CODE OF ETHICS AND STANDARDS OF PRACTICE Intentional Fraud Negligent Misrepresentation Negligence Sources for Disciplinary Action against Real Estate Licensees Antitrust Laws Price Fixing Group Boycotts Market Allocation Tying Arrangements What can a REALTOR® do? Criticism Participation in Enforcement of Law, Regulations, and the Code of Ethics Exclusive Representation Sharing knowledge and experience Avoidance of unfair advantage NAR Code of Ethics
REGULATORY REQUIREMENT:
State agents need to complete 22.5 hours of state approved elective courses every 2 years and renew every two years from the date their license was received.
SEAT TIME:
This course has been approved for 3 hours.
COURSE PRE-REQUISITE:
N/A
TESTING:
Quizzes - All quizzes must be taken to proceed forward to the next lesson.
Final Exam - You will NOT be required to take a final exam.
COURSE COMPLETION:
After course completion, you will print and complete a course completion certificate and fax to the school. New York Department of State will be notified within one business week and a certificate mailed within 7-14 business days.
Risk Management
Approval Number: M5399
APPROVED FOR:
6 HOURS CE CREDIT
COURSE DESCRIPTION:
What does advertising really do for real estate? Did you know that certain language is prohibited from all advertising? How can you effectively manage your business operation while reducing liability and risk involved with fair housing laws and regulations?
This course analyzes the practices of advertising, fair housing and prospecting as those practices relate to risk management, ethics and business etiquette. Agents will become familiar with fair housing and advertising laws, as well as prospecting strategies.
LEARNING OBJECTIVES
Identify situations in which owners requests for advertising areappropriate
Solicit owner's assistance in writing ads
Locate sources of appropriate advertising copy
Accurately describe property
Write ads suited to the property
Select advertising media appropriate to the property
Understand how to apply fair housing laws to your real estate practice
Develop scripts for answering frequently asked questions about the protected classes
Evaluate the effectiveness of our scripts
Understand that risk can be managed but not eliminated
List several effective strategies for limiting risk
Incorporate ethical procedures into your daily real estate practice
Recognize ethical positions different from your own
List the general guidelines for the accepted way(s) to do business in your market area
Prepare a daily, weekly, monthly, and annual time schedule that includes prospecting
Incorporate a variety of prospecting methods into your real estate practice
Understand the restrictions on prospecting under licensing laws and Code of Ethics
Work within those restrictions to develop a successful real estate practice
Overcome fear of technology
Know the names of the two major real estate prospect management software programs
Know the system requirements for each program
Make prospect management plans using software
Adapt generic programs to some prospect management functions
Increase business using prospect management software
TOPICS COVERED:
INTRODUCTION
Introduction
MODULE 1:
LESSON 1: Client-Level Advertising
MODULE 2:
LESSON 1: Introduction to Fair Housing
LESSON 2: Discrimination
LESSON 3: Other Legal Protections to Prevent Discrimination
LESSON 4: Enforcement of Fair Housing Laws
LESSON 5: How to Avoid Discrimination
LESSON 6: Case Studies
LESSON 7: Real World Practice
MODULE 3:
LESSON 1: Environmental Issues
LESSON 2: Principal Environmental Problems
LESSON 3: Lead Poisoning and Indoor Air Pollution
LESSON 4: Hazardous Gas
LESSON 5: Toxic Waste Sites
LESSON 6: Wetlands Protection
LESSON 7: Endangered Species Protection
LESSON 8: Underground Storage Tanks (UST)
LESSON 10: Mold
LESSON 11: Environmental Site Assessment
LESSON 12: Contamination
REGULATORY REQUIREMENT:
State agents need to complete 22.5 hours of state approved elective courses every 2 years and renew every two years from the date their license was received.
SEAT TIME:
This course has been approved for 6 hours.
COURSE PRE-REQUISITE:
N/A
TESTING:
Quizzes - All quizzes must be taken to proceed forward to the next lesson.
Final Exam - You will NOT be required to take a final exam.
COURSE COMPLETION:
After course completion, you will print and complete a course completion certificate and fax to the school. New York Department of State will be notified within one business week and a certificate mailed within 7-14 business days.