Approval #:CENOV18-703 Sponsor Code:
The purchase of a property is often the single largest and most important purchase a person will make in their lifetime. With the proper care, and an eye toward professional conduct, the process of buying property can be tremendously beneficial for both buyer and you. Understanding the complexities of the buyer/licensee relationship will allow you to communicate effectively with your customer or client and provide you with the tools you need to make a successful sale. This course is iPad compatible.
Approval #:CENOV17-605 Sponsor Code:
The real estate contract is perhaps one of the least understood documents in the real estate market, and yet it is the contract that is used most often. For your clients, the purchase of a home is generally the most expensive and life-changing decision they will make. Therefore, whether you are new to the real estate market or an established expert, it is important that you understand the fundamentals of contract law in order to protect both your and your clients’ interests. Your instructor will provide you with a unique look at contracts, from the history to the evolution, from definitions to types, and from Purchase and Sale to Loan Assumption Addendum. This course is iPad compatible.
Approval #:CENOV18-704 Sponsor Code:
This course is iPad compatible. Did you know that the National Association of REALTORS® Code of Ethics is over 100 years old? Though the real estate market has evolved a lot since 1913, one aspect that has not changed is that home buyers continue to select professionals who hold themselves to a high ethical standard. Familiarity with the Code of Ethics will allow you to build stable and lasting relationships with your clients. Your instructor will provide you with an overview of the Code of Ethics and Standards of Practice of the National Association of REALTORS® as it applies to the profession of real estate. Additionally, your instructor will enhance your understanding of ethical behavior by providing you with sample scenarios and common illegal practices to guide the practical decision-making of licensees.
The North Dakota Association of Realtors accepts this course as meeting the NAR Ethics quadrennial requirement.
Approval #:CENOV18-705 Sponsor Code:
This course is iPad compatible. This course is designed to help licensees working with buyers and/or sellers in many of the nation’s recovering markets that because of low inventory and high demand have become strong seller’s markets. Both buyer and seller perspectives and tactics will be considered in looking at how to ethically and successfully represent either party in a transaction.
Approval #:CENOV17-613 Sponsor Code:
This course is iPad compatible. The difference between a good listing agreement and a lousy one has everything to do with your knowledge and preparation of the document. Being well-prepared and knowing how to distinguish between certain categories of agreements will not only yield a good listing agreement, it will give you confidence with a wide range of clients. Your instructor will provide you an in-depth look at the intricacies of listing agreements and will explore some case studies to help you better understand listing agreements as they are used throughout a real estate career.
Approval #:CENOV18-707 Sponsor Code:
This course is iPad compatible. For many real estate professionals, short sales and foreclosures have become a significant part of their business. These types of transactions can be challenging and complicated so it’s crucial that you know exactly what you are doing. Knowing how to maneuver the complexities of short sales as well as how to identify the distinct real estate opportunities in foreclosure are not merely good skills to have in today’s market – they are crucial! This course will help students become comfortable identifying and handling short sales and foreclosures. We will be covering the basics of getting started with short sales including definitions, challenges and finding leads. We’ll also discuss obtaining; servicing, marketing, and completing the sales process for a short sale listing. You’ll also learn all about the foreclosure process, including the market opportunity, definitions, and types of foreclosures, REO properties and options to foreclosure for the homeowner. Finally, we’ll cover the entire process of listing, marketing and closing the foreclosed/REO property.
Approval #:CENOV17-603 Sponsor Code:
This course is iPad compatible. This course provides an in-depth look at FHA mortgage lending policies. The purpose is to familiarize real estate professionals with the current regulations and how they apply to residential lending of various property types. First, it investigates what FHA deems to be unacceptable locations. It details potential hazards such as subsidence, heavy traffic, and proximity to high-voltage transmission lines and high-pressure gas lines. Next, it analyzes specific issues about the property itself. This includes an analysis of the physical improvements and site improvements, such as wells and septic systems. Later, it addresses defective structural conditions and maintenance issues. It details when properties can be approved “as is” and when they need to have repairs or replacement of defective items. It also indicates the requirements for satisfactory inspection of mechanical systems such as heating and cooling systems, plumbing and electrical systems. It examines FHA 203(K) and Streamlined (K) mortgages that are designed for rehabilitation. It will also document the FHA requirements for various specific property types.
Approval #:CENOV18-708 Sponsor Code:
For over 30 years, the Real Estate Settlement Procedures Act (RESPA) has ensured that consumers throughout the United States are granted accessible and helpful information on the cost of mortgage settlements and are protected from unreasonably high settlement charges. This Act has seen its share of changes over the years, and as a practicing real estate professional, it is important that you are knowledgeable about its most recent revisions, specifically the new TILA-RESPA Rule. When the rule and changes go into effect on October 1, 2015, your clients will encounter new forms and procedures at the closing table. Your instructor will cover the primary objectives of TILA-RESPA Rule, identify those documents that have been replaced, and cover the specific details of each new form.