New York 22.5 Hour CE Renewal Package

Description

Our 22.5 Hour New York Real Estate Continuing Education course has been reviewed and accepted by ARELLO for online distribution. The real estate program covers 22.5 hours of courses, required by The New York Department of State (NYDOS), that apply toward Real Estate CE course completion certificate.

Courses included in package:

• Agency Relationships (3 hours)
• Real Appraisal (3.5 hours)
• Fair Housing (4 hours)
• Home Inspection (3.5 hours)
• Liens, Taxes & Foreclosures (3.5)
• Contracts, Purchase & Sales Agreements (4 Hours)
• Environmental Hazards (4 Hours)

Agency Relationships

This course is designed to increase understanding of real estate transactions as they pertain to buyers and sellers of real property. Expertise is needed in order to ensure that profits are maximized and losses are minimized in ways that are legal and ethical. Topics covered include fundamental concepts of real estate valuation and appraisal, competitive and anti-competitive practices and the role of the Federal Trade Commission and other agencies in regulating transactions.

Real Appraisal

In order to own and convey property in a market economy, it is necessary for that property to be assigned a specific monetary value. This process, unlike, say, that of assigning a value to durable goods which have specific materials, production, and marketing costs can be somewhat more involved. With property, the fixed costs, ”building materials and labor costs are always accompanied by more esoteric factors that go to make the property more (or less) valuable. Becoming a member of the group that understands and applies these factors is a bit more complex than simply being able to understand a balance sheet.

Fair Housing

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.

Home Inspection

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 & Foreclosures

This course discusses liens, taxes, and foreclosures. There are many types of liens as well as several kinds of taxes that can attach to a parcel of real estate. When borrowers default on a debt, foreclosure is the process by which lien-holders collect the unpaid portion of a debt. Because liens represent an interest in real property, it is crucial that real estate licensees develop an in-depth understanding of liens and lien-related issues. Such knowledge also helps licensees to better advise buyers and sellers.

Contracts, Purchase & Sales Agreements

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.

Environmental Hazards

This course covers major environmental hazards. Licensees need to familiarize themselves with environmental issues because they have a responsibility to disclose to buyers any information that might affect their decision to buy. Environmental hazards can dramatically affect property value, so buyers, sellers, lenders, and licensees all can be affected by them.

Approved Course Number(s):

• M-8025
• M-8111
• M-7083
• M-8027
• M-8172
• M-7079

Course Objectives

Upon completion of this course, the student will be able to:

• Define the terms lien and tax lien and understand their operation.
• Recognize the different types of liens and know how their priority is established
• Understand the basics of and common terms relating to real estate value estimation and appraisal.
• List the traits that a qualified appraiser must possess.
• Explain the purpose of the federal Fair Housing Laws and be able to identify the protected classes covered by the Fair Housing Act.
• Name the seven activities considered illegal as a result of the Fair Housing Laws.
• Identify the five exemptions from the federal Fair Housing Laws for property owners.

The Following Courses Are Included In This Package:

Topics Covered

Prerequisites

There are no prerequisites for this course

Subject Matter Expert

All course material updated and maintained by 360training.com

End of Course Instructions

Once you have completed this continuing education course you return to your student profile page where your Certificate of Completion is available for printing. Please keep a copy of your certificate for your own records.

Quiz Information

You are required to pass the quizzes to move on to the next lesson.

Exams

You will be required to pass the final exam with a 70% in order to receive course credit.