Courses included in package:

• Fair Housing (3 Hours Required)
• Real Estate Finance (3 Hours Elective)
• Real Estate Appraisal (3 Hours Elective)
• Real Property Ownership and Land Use (3 Hours Elective)

Fair Housing
This module discusses the federal Fair Housing Act, as well as other anti-discrimination laws that directly affect the real estate industry and the financing of real estate. Upon completion of this course, you will understand the legislation, its purpose, and importance. You will also be familiar with the penalties for violating such statutes and have a better understanding of how you can avoid unethical discrimination in your everyday conduct.

Real Estate Finance
This course provides an introduction to residential real estate finance, including information on how to underwrite FHA, VA, FNMA and FHLMC loans .
In this course, you will learn the basics of the different types of loans available, loan applications, appraisals, escrow, titles and credit reports, including qualifying for loan amounts and verifying income and assets.
You will also learn how to calculate loan amounts, estimate monthly payments, property taxes, hazard and mortgage insurance (for Conventional, FHA and VA) and qualifying ratios and income.

Real Estate Appraisal
This course covers the theories, rules, duties and activities that guide the real estate appraisal process. An appraiser must also conduct him or herself professionally, ethically and honestly. There are guidelines regarding professionally and ethically correct behavior of appraisers as well which are also covered by this course. The entire appraisal process should be carried out in the best possible way for consumers and licensees as well as the real estate market.

Real Property Ownership and Land Use
This module explores the meaning of real property ownership and the differences between real estate and personal property. Although these terms are often used interchangeably in everyday conversation, there are different rights associated with these different commodities. It is important that licensees understand the differences between them and are able to explain the distinctions to their clients and customers.

Approved Course Number(s):

• 0440R

Courses included in package:

• Environmental Hazards (3 Hours Required)
• Tax Favorable Real Estate Transactions (3 Hours Elective)
• Liens, Taxes and Foreclosures (3 Hours Elective)
• Real Property Ownership and Land Use (3 Hours Elective)

Environmental Hazards
This module covers major environmental hazards. Licensees need to familiarize themselves with environmental issues because they have a responsibility to disclose environmental information to buyers that might affect their decision to buy a property. Environmental hazards can dramatically affect a property’s appeal, value and comparative safety; buyers, sellers, lenders and licensees can all thus be significantly affected by these problems.

Tax Favorable Real Estate Transactions
The concluding lesson in this module presents real-world dilemmas and concrete applications of the information presented in the rest of the course. As the student completes this module, he or she should try to develop a broad picture of tax-favorable real estate transactions and how they fit into the larger practice of real estate. The last lesson will help with this project by presenting comprehensive content questions, practice problems and case studies.

Liens, Taxes and Foreclosures
This module discusses liens, taxes and foreclosures. There are many types of liens, as well as several kinds of taxes, that can attach to a parcel of real estate. When borrowers default on a debt, foreclosure is the process by which lienholders collect the unpaid portion of a debt. Because liens represent an interest in real property, it is crucial that real estate licensees develop an in-depth understanding of liens and lien-related issues. Such knowledge also helps licensees to better advise buyers and sellers.

Real Property Ownership and Land Use
This module explores the meaning of real property ownership and the differences between real estate and personal property. Although these terms are often used interchangeably in everyday conversation, there are different rights associated with these different commodities. It is important that licensees understand the differences between them and are able to explain the distinctions to their clients and customers.

Approved Course Number(s):

• 416
• #0064

Courses included in package:

• Code of Ethics (6 Hours Required)
• Real Estate Appraisal (3 Hours Elective)
• Real Estate Finance (3 Hours Elective)

Code of Ethics
This course introduces you to some of the general ideas and theories that help apply the concept of ethical judgment. This provides a background for a detailed discussion of professional real estate ethics that is framed in terms of the NAR® Code of Ethics. In this module, we will frequently refer to the NAR® Code of Ethics as “the Code of Ethics” or simply “the Code.”

Real Estate Appraisal
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—building 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.

Real Estate Finance
This course provides an introduction to residential real estate finance, including information on how to underwrite FHA, VA, FNMA and FHLMC loans. In this course, you will learn the basics of the different types of loans available, loan applications, appraisals, escrow, titles and credit reports, including qualifying for loan amounts and verifying income and assets. You will also learn how to calculate loan amounts, estimate monthly payments, property taxes, hazard and mortgage insurance (for Conventional, FHA and VA) and qualifying ratios and income.

Approved Course Number(s):

• 0497R