This prelicense course begins by introducing the student to various types of real estate careers, activities, companies, and governmental agencies that regulate the industry. Then the course explores property rights, forms of ownership, property restrictions, and zoning. Students will learn the mathematical calculations and formulas commonly used in the real estate industry. The course provides an overview of agency relationships, contract law, property transfers, listing agreements, and deeds as well as environmental issues that licensees may encounter. The general pre-license section ends with an exploration of loans and the loan process, leasing, appraisal methods, and fair housing laws. The student will then examine Georgia Real Estate License Law governing the licensing and conduct of real estate professionals, the structure and duties of the Georgia Real Estate Commission, and the requirements for the licensure for both salesperson and broker. The steps required for setting up and maintaining escrow/trust accounts and actions that are not in compliance with Georgia real estate license law are covered as well as the Real Estate Education, Research and Recovery Fund. Students will explore the unfair trade practices that licensees are prohibited from engaging in, the Commission's complaint process, the activities that require a real estate license, and how the Criminal Code of Georgia relates to real estate licensees. This course also covers the requirements for obtaining and renewing a real estate license. The responsibilities of brokers, advertising requirements, and agency relationships are discussed. Students will learn about mortgage fraud, Georgia's Fair Housing Law, and the Brokerage Relationship in Real Estate Transaction (BRRETA).
Upon completion of this course, the student will be able to:
- Learn about the various types of real estate careers, activities, companies, and governmental agencies that regulate the industry.
- Explore theproperty rights, forms of ownership, property restrictions, and zoning.
- Learn the mathematical calculations and formulas commonly used in the real estate industry.
- Be familiar with agency relationships, contract law, property transfers, listing agreements, and deeds as well as environmental issues that licensees may encounter.
- Explore the concept of loans and the loan process, leasing, appraisal methods, and fair housing laws
- Learn about the requirements for securing and maintaining a license, the real estate-related activities that require a license, and the responsibilities of a qualifying broker
This course covers the following topics:
Real Estate as a Career
Real Estate Law Violations
Real Property Rights
Characteristics of Real Property
Land, Tenements, Hereditaments, and Estates
Life Tenants and Nonfreehold Estates
Condominiums and Cooperatives
Time Shares and Business Organization Ownership
Easements and Liens
Restrictions and Covenants
Real Estate Ownership: A Summary
Real Estate Math: Formulas
Real Estate Math: Prorations
Real Estate Math: Survey Systems
Agency and Brokerage Relationships
Basic Contract Law
Types of Contracts
Avoiding Fraud and Void
Termination of Contracts
The Selling Process
Deeds: Part 1
Deeds: Part 2
Asbestos and Formaldehyde
Real Estate Financing Practices
Types of Mortgages
FHA and VA Loans
The Loan Process
Principals of Lending
Real Estate Valuation
Comparative Market Analysis
Highest and Best Use
The Net Income Approach
The Cost Approach
Escrow and Settlement Process
Fair Housing Laws and Protected Classes
Americans with Disabilities Act
History of Fair Housing in America
Fair Housing: Law of the Land
Fair Housing Rules
Qualifying of Licensure
License Requirements and Maintenance
Duties of the Real Estate Commission
License Law Violations and the Recovery Fund
Violations and Hearing
Exceptions to License Requirements
Trust Accounts and Advertising
Brokerage, Fair Housing, and Fraud
Georgia Pre-License Fundamentals - Georgia Real Estate Commission and Appraisers Board
End of Course Instructions
Congratulations on successfully finishing your course! These credits count toward your Georgia Real Estate Continuing Education requirement, and your school of record will submit your credits to the commission upon receipt of the Course Evaluation Form AND the Proctor Form. You should now print a copy of your certificate of completion to keep for your own records. Thank you!
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