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This course is iPad compatible. Real estate is a highly regulated industry; therefore, it is absolutely vital for you to stay on top of changes to make sure that your business practices remain compliant. Just as every other state, Vermont provides specific rules and regulations to facilitate fair and ethical transactions. These rules and regulations encompass a wide range of areas, from compliance and general practice issues, to new licensing platforms, to financing.
The 2014-2016 Renewal Cycle Mandatory Course for Vermont will cover a number of distinct, yet important, topics for real estate professionals, including administrative updates, mandatory consumer disclosure requirements, case reviews, fees and taxes, and rules concerning lead-based paint and storm water, among others. Your instructor will ensure that you have a concrete understanding of these areas of practice by taking you step by step through each topic and explaining how they apply to your business as a real estate professional.
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.
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.
Discrimination can be subtle or overt and sometimes unintentional. It is crucial that real estate practitioners are aware of and compliant with the laws that govern housing discrimination.
This course looks at the history of fair housing and examines in depth the most pertinent legislation in force today. The Fair Housing Act of 1968 was the first major legislation that applied to residential housing. The Fair Housing Amendments Act of 1988 broadened the coverage, increased the enforcement policies of the Act and stiffened the penalties invoked for violation of the Act. Specific advertising policies are investigated and illustrated. The procedure for filing a complaint of discrimination are studied in detail and there are lots of hints on how to stay clear of discriminatory practices in sales, rentals and financing of real estate.
This course will focus on those tools necessary to successfully market, negotiate, and close the sale of a property. Participants will examine the components of a Competitive Market Analysis, as well as the factors that can cause the value and listing price of a property to be different. Students will also discuss the process of a transaction from offer to contract to closing, with special emphasis on the negotiation from initial offer to contract. In addition, students will also look at some of the issues that can arise between contract and closing, and what steps to take if the transaction comes apart at closing.This course is iPad compatible.
This course has also been approved for post-licensing credit.
This course is iPad compatible. Sometimes buyers don't know
what they want, or they think they know what they want, but nothing is quite
right. This course will start with the
importance of having buyers pre-approved for financing if they need it. We will provide some techniques to help
buyers prioritize the things they want in a home and adjust his or her standard
buying strategies to suit the needs of different buyers. While summarizing some important consumer
preference studies we will shed light on how real estate licensees can simplify
the home-buying process. We know that
every buyer is different and this course will drill down the facts to help
buyers discover what they truly want in their home.
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.
State and Local NAR Chapters have the authority to accept this course as meeting the NAR Ethics quadrennial requirement.
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.
This course is iPad compatible. Commercial real estate encompasses a wide array of property types – from office and retail space, to residential rental properties, to heavy manufacturing and warehousing. Some real estate licensees may cover the spectrum of commercial real estate, while others will choose to specialize in one or a few distinct types of properties and/or clients. These transactions may be simple or quite complicated. In addition, knowledge of sophisticated financial software programs is an important tool for successful transactions. This course serves as a primer for those wishing to enter into the commercial real estate business, and for those who wish for a back-to-basics refresher.
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.