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Introduction to the Real Estate Business
Find out what the real estate business is all about. Do you know there are multiple specializations in this career field? Learn about the functions and activities expected of a real estate professional.
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Real Property
Here you'll learn about the elements of real property; types of estates and tenancies; forms of ownership; land use planning and controls; and the transfer/alienation of real property.
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Governmental Controls and Laws
It's important to keep up with the latest laws and regulations. This section deals with real property tax laws; Federal Fair Housing Laws; the Americans with Disabilities Act (ADA); property disclosure laws; Federal Anti-Trust Laws; Truth in Advertising; controlling technology and electronic transactions; South Carolina real estate license law; and other state laws affecting real estate.
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Pricing of Real Properties
What's a property worth? How do sellers determine the listing price? How do buyers come up with an offer price? You can help your clients when you understand property valuation and the appraisal process.
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Real Estate Finance
There are various sources of financing. You'll benefit greatly by knowing about financing instruments; contract elements and mortgage provisions; types of loans; conventional and government-backed loans; loan underwriting; National Consumer Protection Act; the Equal Credit Opportunity Act; and financing math basics.
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Settlement / Closings
In this section, you'll get a detailed understanding of real estate closings and practice some helpful math exercises needed for closings.
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Agency and Other Brokerage Relationships
Dive in and learn about the law of agency; agency and non-agency relationships and responsibilities; agency disclosures; and company policy.
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Contracts
Don't forget to dot your i's and cross your t's! This course module goes into detail about types and characteristics of contracts; contract elements and requirements; enforcement limitations; brokerage contracts; purchase and sale contracts; option to buy; communicating offers, counteroffers, and multiple offers; misrepresentations and fraud; termination of offers; management contracts; lease/rental contracts; other types of contracts; and discharge of contracts.
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Ethics in Real Estate
This elearning wraps up with the importance of doing the right thing for the right reasons. It's important to know about ethical decision making; company policies and codes of ethics; and the NAR Code of Ethics.
