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Covers basic principles of real estate finance. Topics include financing instruments, promissory notes, mortgages, assumptions, priority of loans, foreclosures, trust deeds, types of loans, sources of funds, loan practices and closing costs. (This course is approved for elective credit.)

Some of the topics covered include guidelines for office financial and human resource management as well as budgeting, business planning, and government regulations.

This course meets the 8hr Mandatory Broker Management continuing education requirement.

Mandatory Topics covers the duties a licensee has under Virginia's agency law (Real Estate Agency) and some important issues to keep in mind when writing contracts (Real Estate Contracts). The course also covers federal and state fair housing laws and some current cases and administrative decisions related to fair housing (Fair Housing). In addition, current cases that may impact other areas of real estate, including contracts, agency, environmental issues, and property disclosure, are discussed (Legal Updates and Emerging Trends). This course will provide the licensee with a deeper understanding of current court cases and legal issues that will help them to avoid legal liability for themselves, as well as, for their clients. (This course meets 8 hour of mandatory credit.)

All of the various forms of residential real estate financing; including conventional, FHA, VA Loans, loan assumptions, purchase money mortgages, alternative financing are explained in this course. Also covers legislation relating to financing.

Presents methods and principles for pricing property. Covers pricing compared to appraisal, basic concepts of pricing property, principles of value, approaches to pricing property and application of the market data and replacement cost methods. (This course is approved for elective credit.)

Course covers types of tax benefits for homeowners and how to calculate the taxes that will impact the purchase of a home. (This course is approved for elective credit.)

This course describes agency relationships and the inherent conflicts of interest of each, followed by coverage of dual agency, agency policy and procedures for implementing, documenting and changing agency policy. (This is approved for elective credit.)

Ethics in Real Estate covers the NAR Code of Ethics and reviews case studies pertaining to the code. Sample scenarios are included as a decision making practice for licensees. This course will insure that real estate professionals have a strong understanding of the National Association of Realtors �® (NAR) Code of Ethics and understand the difference between ethical and unethical behavior.

This course begins with an overview of the Real Estate Settlement Procedures Act (RESPA) and the rationale behind RESPA reform. Revisions to the Good Faith Estimate (GFE) and the HUD-1 and HUD-1A Settlement Statements are described in detail, along with tolerance requirements. The course concludes with some of the most frequently asked questions regarding RESPA reform and the revised GFE, HUD-1, and HUD-1A forms.

Covers math calculations involved in property measurement, commissions, investments and return on investments, capitalization, loans, property cost and price. The course presents easy-to-remember formulas and numerous practice problems. (This course is approved for elective credit.)

Covers the basics of a tax free exchange of residential investment property. Topics covered include requirements of a tax free exchange, types of exchanges and the methods for transferring title when an exchange takes place. (This course is approved for elective credit.)