This course is designed to assist real estate licensees in understanding residential lending practices. It begins by covering the Homeownership and Equity Protection Act (HOEPA) and escrow requirements. It also addresses fair lending practices, consumer protection, and various types of loan fraud. Adjustable rate mortgage are examined in detail. The course concludes with a discussion on conducting short sales in California.
California Ethics--Disclosure and Cooperation (v2)
This ethics course follows the NAR-mandated curriculum for the NAR-required ethics course. Form the ethical responsibilities of agents involving disclosures to ethical issues relating to compensation, this practical course explores the challenges involved in ethical decision-making. Ethics: Disclosure and Cooperation takes a practical look at considerations involved in making ethical business decisions as well as the process of enforcing the Code of Ethics. This course instructs real estate licensees to use appropriate disclosures and cooperate with other real estate professionals to ensure the consumer's best interests are put first.
California Ethics--Pricing, Offers and Advertising (v2)
This ethics course follows the NAR-mandated curriculum for the NAR-required ethics course. In day-to-day real estate transactions, real estate professionals are forced to make decisions that require ethical reasoning. Ethics: Pricing, Offers and Advertising explores the agent's obligation to protect a client's interest, plus looks at an agent's duties with regard to advertising himself/herself and a property. This must-have guide serves as a blueprint for providing information on making ethical decisions regarding pricing, offers, and ads, thus protecting the consumer from misinformation.
With more than 40,000 HUD homes available annually, it is important for licensees to understand how the HUD selling process works. This course teaches licensees how homes enter the HUD home selling market, and how licensees and HUD contractors (field service managers and asset managers) interact within a HUD transaction. Discussed are HUD's online bidding process, the registration for licensees who wish to bid on HUD-owned homes as selling brokers, and how a licensee may become a HUD listing agent. Also discussed are the components of the HUD Sales Contract Package and the process for completing the package and delivering it to the area manager. The course concludes with a discussion of the regulatory and disclosure issues relating to HUD transactions, how closing costs and earnest money are handled in a HUD transaction, advertising rules relating to HUD-owned properties, and the types of financing available to purchasers of HUD homes. This course focuses on educating real estate professionals on the intricacies of listing and selling HUD homes, thus serving to better help consumers in the transaction.
In a struggling real estate market, clients often look for someone to blame for their financial difficulties. Often it is the real estate licensee. Therefore, it is more important than ever for licensees to understand the law as it applies to the practice of real estate. Covered topics include the licensee's role as an agent and fiduciary, ethical and legal pitfalls a licensee may face in a competitive market, the four required elements for a valid contract, and the differences between contract and tort law. Also discussed are various federal laws impacting the real estate industry including anti-trust law, the Dodd-Frank Act, RESPA, the Fair Housing Act, landlord-tenant laws, the Do Not Call Registry, and the FTC MAP Rules.
This course begins with a survey of the parties to an agency relationship and the responsibilities of seller's agents, subagents, buyer's agents, and dual agents. You will review how one enters into an agency relationship and the way in which it is terminated. Relationships among affiliated licensees and cooperating brokers are examined, as well as the liability of principals and brokers. Misrepresentation and proper completion of agency disclosures agreements are also covered.
This course discusses the importance of ethical behavior in the practice of real estate and how a licensee's ethical standards can improve or harm a licensee's career and the profession as a whole. The course compares and contrasts ethics, morality, and the law. It describes principles supporting high ethical standards in real estate, the role of ethics in proper disclosure, and the types of ethical challenges a licensee may face in a competitive market. It discusses ethics as it related to advertising and pricing, and how a licensee can best be supported to maintain high ethical standards. It concludes with a discussion of the types of ethical complaints commonly made against licensees and how licensees may best avoid and respond to those complaints.
As far back as 1866, with the Civil Rights Act, legislators have been trying to eliminate discrimination in the housing industry. This course reviews the history and purpose of laws against discrimination. Specific real estate practices of blockbusting, steering, and redlining are detailed. In addition, the impact of the Americans with Disabilities Act is highlighted. Finally, how to recognize and guard against predatory lending practices is reviewed.
This course is designed to improve real estate licensees' knowledge of green energy, green housing, and the types of green certification available for buildings, systems, and licensees so that licensees may better serve clients who are interested in green living or building. The housing market is becoming increasingly greener, due in part to regulatory demand, and in part to consumer demand. Licensees completing this course will understand the techniques used in green building; the benefits of green building for energy efficiency, resource conservation, and marketability; the types of green certification available and how they apply to systems, housing, and licensees; and how to appropriately refer green contractors and other vendors. This course serves as a must-have guide for gaining an overall understanding of the green housing movement, and how licensees may best serve clients interested in green real estate.
There's no question about it: In today's real estate environment, knowing how to avoid legal problems is essential. This must-have course provides an overview of how to minimize your liability. You'll learn about the importance of establishing agency policies, developing effective marketing and advertising practices, effective anti-discrimination practices, plus how to reduce your risk by maintaining proper records.
This course is designed to equip the real estate licensee to assist clients with short sales. It first discusses short sale transactions, short sale alternatives, the HAFA and HAMP program, and the impact of short sales on buyers, sellers, and lenders. It then explains the short sale lender and the licensee's role in a short sale transaction, including how to prepare a short sale packet for a lender. The MARS Rule and how it applied to licensees assisting clients with short sales is examined. The course concludes with a brief discussion of tenant rights during and after a short sale and an identification of the types of lender fraud that may be attempted in short sale transactions.
This course is designed to equip the real estate licensee with a thorough understanding of client trust accounts. It first discusses the basics, including broker responsibility, the purpose of trust accounts and their requirements. It then explains various recordkeeping systems and what they contain, including how to maintain them accurately. The course concludes with a look at audits and examination, including a detailed examination of the consequences of trust fund conversion and finishes with a case study of recordkeeping practices in use.