45 Hour Basic II Post License Course

This module Code of Ethics in Real Estate Practice course covers the standards of conduct and ethical judgment that contribute to ethical business practices. This course will introduce the student to morals and ethics, define each term, address the four approaches to ethical decision-making, teach the Articles and Standard Practices of the NAR® Code of Ethics, and study ethics complaints, arbitration, mediation, unethical conduct, antitrust laws, violations of antitrust laws and professional and ethical business practices

This course introduces you to Fair Housing issues when dealing with relocation clients. Prior to WWII companies looked exclusively to local markets for employees. But, businesses are now willing to bring the perfect candidate to them, regardless of where that candidate may reside. Out of this need to find increasingly specialized and qualified individuals developed what is now the relocation business. This course is important for relocation professionals and real estate licensees as it will help them serve the people and companies who need relocation assistance and may not be familiar with will Fair Housing law and issues.

Our discussion covers the seven protected classes, the conduct prohibited by law, and the few exemptions from the law. We will examine Fair Housing advertising guidelines, including phrases and word choice that are illegal, and those that are permissible. When you complete this lesson, you should know the legalities of the Fair Housing Act and understand not only its importance but also its intent. You should also have a better sense of your own role, as a real estate professional, in implementing this law. This Fair Housing & Diversity: Focus on Relocation course utilizes interactive technology and audio in an appealing way to facilitate learning.

Relocation presents an array of new challenges and opportunities to all real estate professionals. This course covers the definition of “relocation” and the development of the relocation industry. We explain how relocation affects the roles of various real estate professionals, including appraisers, home inspectors and real estate salespersons, and brokers. We walk the student through a relocation transaction, covering the assignment, or re-assignment, of an employee through the selling of the employee’s home.

Some of the steps in this process require specific explanation. This course covers those points in specific lessons; for example, we devote one lesson to how different companies manage relocation and the types of programs that they commonly institute. The latter half of this course addresses how relocation affects common real estate concerns. These concerns include disclosure law, agency, tax law, fair housing, and non-discrimination issues.

Clear, mutually-acceptable agreements are an essential component of the legal transference of ownership. In the practice of real estate, contracts are the instruments used to describe and record the agreements surrounding the conveyance of property. Some type of contract is nearly always involved, whether a salesperson is promising to sell a property within a specified period of time, a prospective buyer is placing an offer on a house or a seller is considering an offer on property.

Before entering into a legally binding agreement, real estate professionals must fully understand the contracts that govern their industry. Failure to understand contracts opens a licensee to various kinds of liability and can seriously damage one’s professional reputation. Therefore, it is vital that real estate professionals learn this material so that they can protect themselves against errors, oversights and misunderstandings.

This course is designed to increase your knowledge about expanding environmental issues and laws that have an impact on environmental problems. This course identifies the procedures used to locate toxic waste sites, the responsibilities for clean up and steps that may be taken to minimize future liabilities.

While real estate agents are not expected to be environmental experts, the same disclosure rules apply as to other facts about a property. That is, if environmental information is known to the sales agent and it would affect a prudent purchaser's decision to buy, it must be disclosed. Because of this, licensees should be familiar with the nature of these problems as well as the laws and regulations that are intended to protect both the consumer and the environment.