Alabama Real Estate Pre-License Courses Alabama Prelicense Fundamentals

Alabama Prelicense Fundamentals

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  • Course Delivery: On Demand
  • Credit Hours: 60
  • Credit Type: Pre-License
 

Description

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 prelicense section ends with an exploration of loans and the loan process, leasing, appraisal methods, and fair housing laws. The Alabama license law section examines state laws governing real estate licensing, licensee conduct, and the organization and duties of the Alabama Real Estate Commission. Students will 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 provides an overview of the Alabama Real Estate Consumers Agency and Disclosure Act (RECAD) and the Real Estate Recovery Fund, as well as violations of Alabama License Law and Commission Rules, the disciplinary action process, penalties for licensees, and the appropriate way to handle trust funds.

 

Course Objectives

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. - - Get an overview of the Alabama Real Estate Consumers Agency and Disclosure Act (RECAD) and the Real Estate Recovery Fund, as well as violations of Alabama License Law and Commission Rules, the disciplinary action process, penalties for licensees, and the appropriate way to handle trust funds.

 

Topics Covered

This course covers the following topics:

  • Career Basics
  • Real Estate Law Violations
  • Real Property Rights
  • Characteristics of Real Property
  • Land Use
  • Fixtures
  • Land, Tenements, Hereditaments, and Estates
  • Life Estates
  • Life Tenants and Nonfreehold Estates
  • Concurrent Ownership
  • Condominiums and Cooperatives
  • Time Shares and Business Organization Ownership
  • Easements and Liens
  • Conditions, Covenants, Restrictions and Encroachments
  • Zoning
  • Real Estate Ownership: A Summary
  • Real Estate Math: Formulas
  • Real Estate Math: Prorations
  • Real Estate Math: Survey Systems
  • Agency and Brokerage Relationships
  • Brokerage
  • Dual Agency
  • Listing Agreements
  • Legal Descriptions
  • Basic Contract Law
  • Types of Contracts
  • Fraud and Voidability
  • Termination of Contracts
  • Sale Contracts
  • The Selling Process
  • Deeds: Part 1
  • Deeds: Part 2
  • Title Insurance
  • Environmental Issues
  • Asbestos and Formaldehyde
  • Real Estate Financing Practices
  • Types of Mortgages
  • Mortgage Bankers
  • FHA and VA Programs
  • Veterans' Administration Loans
  • The Loan Process
  • Lending Regulations
  • Principals of Financing
  • Basics of Leasing
  • Lease Contracts
  • Property Management
  • Real Estate Valuation
  • Comparative Market Analysis
  • Highest and Best Use
  • Appraisal Steps
  • The Net Income Approach
  • The Cost Approach
  • Escrow and Settlement Process
  • Closing Basics
  • Fair Housing Laws Protected Classes and Blocking
  • Americans with Disabilities Act
  • History of Fair Housing in America
  • Fair Housing: Law of the Land
  • Fair Housing Rules
  • Introduction to the Alabama Real Estate Commission
  • Licensure
  • Qualifications and Responsibilities of Brokers and Salespersons
  • Real Estate Consumers Agency and Disclosure Act (RECAD)
  • Recovery Fund Alabama License Law Violations Disciplinary Actions Trust Accounts
 

Regulatory Information

Alabama Prelicense Fundamentals - Alabama Real Estate Commission

  • Name:
  • Alabama Real Estate Commission
  • Phone:
  • 334-242-5544
  • Fax:
  • 334-270-9118
  • Website URL:
  • https://arec.alabama.gov/arec/default.aspx
  • Email Address:
  • arec@arec.alabama.gov
  • Address:
  • 1201 Carmichael Way
  • City:
  • Montgomery
  • State:
  • AL
  • Zip:
  • 36106-3674
 

End of Course Instructions

Congratulations on completing Prelicense course! Upon receiving your Proctored Affidavit along with Licensing Process and Deadlines Form, we will submit your credits to the Alabama Real Estate Commission.

You should now print a copy of your certificate of completion to keep for your own records.

Thank you!

 

Quiz Information

This course includes lesson quizzes and you may be required to pass the lesson quizzes if applicable to your state jurisdiction.

 

Exams

You will be required to pass the final exam with a 70% in order to receive course credit. You will have only 3 attempts to pass the proctored final exam.

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21 Real Reviews From Actual Learners

Heath From Hamilton, AL Took Alabama Prelicense Fundamentals, And Said:

It was so easy to operate and use. Plus it was very convenient to be able to do it at my own pace and in my own time. I highly recommend it!!!

Posted 2 years and 2 months ago
Stacy From Silverhill, AL Took Alabama Prelicense Fundamentals, And Said:

I thought the material was very informative and easy to understand I would highly recommend this course to anyone wanting to get into real estate.

Posted 2 years and 4 months ago
Tammie From Pleasant Grove, AL Took Alabama Prelicense Fundamentals, And Said:

I was pleased with my experience with 360training. The layout was simple and easy to maneuver through. A great course!

Posted 2 years and 8 months ago
Melissa From Odenville, AL Took Alabama Prelicense Fundamentals, And Said:

360 Training was absolutely amazing. I would definitely recommend this training to others. I was able to work at my own pace and to me that was wonderful... I will most likely be taking more training on here.

Posted 2 years and 8 months ago
Quorney From Mobile, AL Took Alabama Prelicense Fundamentals, And Said:

I would recommend 360 to a friend or colleague because it was simply and easy to use and navigate through and I understood everything that I was being taught.

Posted 2 years and 8 months ago
Paul From Birmingham, AL Took Alabama Prelicense Fundamentals, And Said:

The 360 Online Real Estate Course was very user friendly and at your own pace i would recommend the course

Posted 2 years and 11 months ago
Michelle From Clio, AL Took Alabama Prelicense Fundamentals, And Said:

This is a great course, very informative!!!

Posted 2 years and 11 months ago
Keyvan From Town Creek, AL Took Alabama Prelicense Fundamentals, And Said:

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Posted 3 years ago
Robert From Grant, AL Took Alabama Prelicense Fundamentals, And Said:

I felt that this material was very informative and that it has me in a very good position to pass my Alabama Real Estate test

Posted 3 years ago
Carmon From Athens, AL Took Alabama Prelicense Fundamentals, And Said:

This has been a great experience for me! I loved being able to work at my own pace.

Posted 3 years ago