3 Elective Credits: This class builds the Realtor’s skill set to help more buyers find additional home ownership opportunities in FIXER UPPERs. Older homes, homes that may need updating or repairs can become viable inventory with the right preparation, process and financing solutions. The key steps start at the first sales conversation
through project completion!
• Virtual Class Available
• Plan the best sales approach
• Do the right homework on the buyer & the property
• Educate and prepare the customer to buy.
• Monitor & Manage Efficient Fixer Upper Process Steps to get to the closing table as-is on time.
LIFE SKILLS COURSES
In this course, you will learn: First aid basics, Medical emergencies, Injury emergencies and Environmental emergencies. First Aid instruction includes bandaging, bleeding, wounds, choking, shock, seizure, fainting, broken bones, sprains, burns, bites, stings, poison, and temperature-related conditions, to name a few. This program is for anyone with limited or no medical training who needs a course completion card in first aid to meet a job, regulatory or other requirement and is seeking an alternative to classroom-based training.
CONTINUING EDUCATION COURSES
Review various forms of ownership, types of deeds and title, methods of transfer, constructive and actual notice; define real property, bundle of rights; limitations on land use, REITs, corporations, LLC, Real Estate Full Disclosure Act, Trusts, leasehold estates, land description
Unlicensed assistants and agent teams can become the source of unintentional violations. Learn about potential problems that can occur when using unlicensed assistants and working with teams. This course also discusses activities that require licensing, rebates, gifts, and the allowable activities and limitations of Referral Agents.
Good ideas don’t always comply with the law! Learn advertising rules from social media to print including business cards, yard signs, common mistakes, “give aways”, gifts, puffing, TRID disclosure, rebates, warranties, unlicensed assistants, agents held to a higher standard, REC record inspection, signage and more
Written docs required by the NJREC for Brokers, managers and agency, the broker-salesperson contract, Fair Housing poster, CIS, Lead Based paint disclosure, property disclosure, informed consent, the listing contract, the sales contract, and leases.
Residential & Commercial, types of tenancy, basic requirements, property managers, CO’s, obligations of the parties, reversionary interest, eviction, security deposits, NJLAD and Federal Fair housing, health and safety, Lead paint disclosure, Truth in Renting, lease with options, property managers. Guidelines to starting a Rental Division.
Responsibilities of the agent and broker/manager, NJ Real Estate Commission’s requirements for record keeping, which documents must be kept, for how long, how to safely destroy them. Fiduciary responsibility, general vs trust accounts, commingling, conversion, escrows and refunds, inspections by the NJ REC.
Financing real estate transactions, the Primary and Secondary money markets, FNMA, FHLMC and GNMA, Compare VA, FHA and conventional loans, mortgage fraud, predatory lending, deficiency judgments, Various types of loans, the new TRID. Discrimination in lending
The Sherman Antitrust Act and how it applies to real estate transactions, Identify potential Federal antitrust situations, words and phrases to avoid, create conforming office policies, Identifying Trusts and monopolies, reporting violations, legal counsel
Introduction to business brokerage; Calculating Return On Investment, Listing and marketing business and commercial real estate, financing, pricing the business, financials, legal issues, Bulk Sales Act and UCC. Tax Deferred Exchanges.
New Jersey License Law and the Real Estate Commission. Includes licensees’ responsibilities and fiduciary relationships with clients and customers, Licensed Business Relationship Agreement (required), licensing requirements, trust accounts, Guaranty Fund, Antitrust compliance, rules concerning real estate
If you’re thinking of becoming an Office Manager or are planning to open your own agency, learn what what it takes to maintain and supervise a real estate office and how to avoid the common pitfalls that occur through misunderstanding.
How agency is created, False perceptions, Fiduciary relationship, the Consumer Information Statement (CIS), the CIS vs Buyer Agency Agreement and Informed Consent; Sub Agency, Disclosed Dual Agency, Referral Agents, types of agency, working with the For Sale By Owner and Disclosed Dual Agency, obligations of the agent, property managers and Antitrust
The NJLAD (New Jersey Law Against Discrimination) vs Federal Fair Housing, prohibited practices in sales and rentals, HUD advertising guidelines, canvassing for listings, redlining, blockbusting and steering, equal professional services, responses to possible discrimination, Mt Laurel decision, affordable housing.
Essentials of a valid contract, the listing agreement as a contract, types of listing agreements, NJ LAD, property disclosure, forms of contracts, written vs. oral agreements, statue of Frauds, lead based paint addendum, estimate of seller proceeds, review the NJAR sales agreement, estimating value, buyer and seller agency agreements, buyer rebates.