New York 22.5 Hour CE Renewal Package
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- Course Delivery: On Demand
- Language: English
- Difficulty: Beginner
- Audience: Anyone looking to renew their New York real estate salesperson license
Meets New 2017 NYDOS Requirements for Agency and Fair Housing.
Our 22.5 Hour New York Real Estate Continuing Education course has been reviewed and certified 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)
- Closing and Settlement Costs (4 Hours)
- Contracts, Purchase & Sales Agreements (4 Hours)
- Environmental Hazards (4 Hours)
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.
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 value to durable goods which have specific materials, production and marketing costs can be somewhat more involved. With property, the fixed costs, ÃÂbuilding materials and labor costs are always accompanied by more esoteric factors that go to make 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.
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.
Closing and Settlement Cost
Some real estate licensees believe that their job ends when the purchase and sales contract is signed, and in fact, in many states, the licensee has no official duties throughout the closing process. However, transactions can and do fall apart during the closing stage. Licensees who are familiar with the closing procedures and settlement costs can stay involved and make sure that their transactions meet the desired end. This module covers the buyer’s and seller’s concerns at closing, the required documents to close a transaction and the rules and regulations of the closing process. In addition, the student will learn ways to help clients through this sometimes complicated process. Finally, the student will learn how to calculate closing expenses and fill out the settlement statement. As the student completes this module, he or she should attempt to fit this information in with the big picture of the real estate business. The conclusion of the module will assist with drawing the information together by presenting real world practice, comprehension questions and case studies for the studentâs consideration.
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.
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.
The Following Courses Are Included In This Package:
|Course Name||Industry||Course Delivery|
|Agency Relationships||Real Estate, Appraisal & Mortgage|
|Environmental Hazards||Real Estate, Appraisal & Mortgage|
|Closings and Settlement Costs||Real Estate, Appraisal & Mortgage|
|Fair Housing||Real Estate, Appraisal & Mortgage|
|Contracts, Purchases & Sales Agreements||Real Estate, Appraisal & Mortgage|
|Real Estate Appraisal||Real Estate, Appraisal & Mortgage|
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.
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