| Introduction to Commercial Real Estate Sales |
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| NC Elective Course 2489 |
| Course objectives: |
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Describe the advantages and disadvantages of investments in real estate |
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Identify the four main categories of investment property and list the significant characteristics of each |
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Define basic key terms and concepts in real estate investments |
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Calculate rent per square foot and rent due on percentage leases |
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Understand and explain the basic financial elements involved in a real estate investment |
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Define key terms in income and expense analysis |
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Use your learned skills to perform a basic financial analysis of a real estate investment |
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Identify the elements of value in a real estate investment |
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Define key terms involved in the valuation process |
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Perform the analysis necessary to establish an investment's value |
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Perform the analysis necessary to determine return on investment |
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Describe the types of listings and compensation arrangements relevant to real estate investment transactions |
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Define the key concepts and terms involved in marketing a real estate investment opportunity |
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Identify marketing opportunities and develop a marketing plan for a real estate investment |
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Describe and apply the skills required for closing an investment transaction |
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| Buyer Representation |
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| NC Elective Course 2495 |
| This course discusses the advantages and dangers of being a buyer’s agent. Included are a review of agency and disclosure as it relates in a buyer’s agent. Buyer brokerage contracts and commission payment methods are also discussed. The authors of this course, Dianna Brouthers and Roger Turcotte, are both Distinguished Real Estate Instructors (DREIs).
Course objectives: |
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Examines a wide spectrum of buyer agency foundations and issues, including how changes in the real estate industry affect the real estate consumer |
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Which elements of the agency relationship are established by law |
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What types of buyers should or must be represented by a buyer’s agent |
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Explains the differences between the customer and client relationship; statutory changes that relate to real estate |
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How to present the concept of buyer agency |
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How to be prepared for questions regarding buyer agency |
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| Reverse Mortgages |
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| NC Elective Course 2766 |
| Course objectives: |
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Describe the development of the reverse mortgage |
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Point out the role of FHA and Fannie Mae with reverse mortgages |
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List the requirements for an FHA Home Equity Conversion Mortgage |
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Illustrate the difference between a forward and reverse mortgage |
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Name the four types of reverse mortgages available |
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List the features that all reverse mortgage plans have in common |
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Explain the difference between proprietary and government-insured reverse mortgages |
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Identify the factors that determine the amount to be received with a reverse mortgage |
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Describe in detail the tenure, term, line-of-credit, and lump-sum reverse mortgage |
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Provide examples of how each of the reverse mortgage plans could be used to meet the specific financial needs of senior homeowners |
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Explain the importance of reverse mortgage counseling |
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Locate a reverse mortgage lender |
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Discuss the schedule involved in obtaining a reverse mortgage |
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Explain how tax deductions apply to reverse mortgage loans |
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| Property Disclosure: Reducing Risk |
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| NC Elective Course 2764 |
| Course objectives: |
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List the reasons why disclosure has become so important to the real estate professional. |
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Summarize the remedies available when a real estate professional is found liable for misrepresentation. |
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Understand the difference between an opinion and a material fact. |
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Describe the theories of legal liability including fraud, negligent misrepresentation, negligent nondisclosure and negligent advice. |
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Analyze the different court cases involving fraud, negligent misrepresentation and negligent nondisclosure |
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Understand to what extent a broker can be held liable for incorrect statements made by sellers. |
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Discuss misrepresentation liability with respect to the NAR Code of Ethics, consumer protection laws and state licensing acts. |
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Recognize the judicial trend toward careful analysis of who represents whom in a real estate transaction. |
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Understand the importance of using seller property condition disclosure forms. |
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List the benefits from using property condition disclosure forms for sellers, buyers and brokers. |
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Analyze court cases involving the use of seller property condition disclosure forms. |
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Describe the procedures designed to reduce liability for misrepresentation, such as using property condition disclosure forms, third-party experts, red flag inspections etc. |
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List the various types of third-party experts involved in a real estate transaction. |
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Understand the value to all parties in obtaining a professional property inspection. |
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Determine the liability of XYZ Realty for misrepresentation. |
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| For Your Own Good: Ethics for the Real Estate Professionale |
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| NC Elective Course 2673. Also satisfies the NAR membership renewal requirement. |
| Offered by Bert Rodgers School of Real Estate for NC real estate professionals and others. |
| This ethics course meets the National Association of REALTOR® requirement for quadrennial ethics training. This four-hour ethics course covers the following topics and exercises: |
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Reasons why real estate professionals should develop their ethical decision making skills. |
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The public perception of the real estate industry’s honesty and integrity. |
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The research studies on the ethical maturity of real estate professionals. |
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The purposes and impact of codes of ethics on American businesses. |
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The characteristics of a profession. |
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The organization of the NAR Code of Ethics as a model for ethical decision making skills. |
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The critical concepts in the Preamble to the NAR® Code of Ethics. |
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The Articles of the NAR® Code which are mentioned most frequently in complaints and discuss the reasons why those Articles are cited. |
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The professional standards enforcement process of the board or association. |
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Case studies and periodic exercises for review purposes. |
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A discussion of models for ethical decision making. |
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