Courses included in package:
- Environmental Hazards (3 Hours Elective)
- Code of Ethics (6 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)
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.
Code of Ethics
This course covers the standards of conduct and ethical judgment by addressing the different concepts that contribute to ethical business practices. This course will introduce the student to ethics and morals by defining both terms in order to distinguish differences between the two. The student will also learn the four approaches to ethical decision-making; therefore, after learning the Articles and Standard Practices of the NAR® Code of Ethics, the student will be able to use the model identify any violations of the Code.