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The REALTORS® Land Institute (RLI) is an affiliate of the over million-member National Association of REALTORS®. It is the only branch of the REALTOR® family focused on land brokerage transactions of five specialized types:
Originally named the Farm & Land Institute, it was organized in 1944, and has been dedicated for over six decades to improving the professional competence of its members in land brokerage. In addition to brokerage of the five main types that are unique to the Institute, its individual members frequently engage in other land specialties such as agribusiness, appraisal, consulting and management.
Accredited Land Consultants are the recognized REALTOR® land experts. Designees have gone through a rigourous program of education and have met minimum transaction requirements. The REALTORS® Land Institute serves its members who specialize in the sale, lease, management and development of land for all uses. RLI licensed members may be awarded the Accredited Land Consultant (ALC) professional certification upon successful completion of all knowledge and land transaction experience requirements. Those who hold qualifying designations may be awarded the ALC designation through accelerated or "Fast Track" programs.
RLI members who successfully complete their first RLI-approved course automatically become candidates for the ALC designation. RLI members retain candidacy status and all coursework credit earned towards the ALC designation so long as they maintain membership in the Institute.
Land 101: Fundamentals of Land Brokerage
In this introduction course to the specialty, students learn the basics of land brokerage, such as: the various types of land; the land brokerage process; the importance of the 1031 tax-deferred exchange and how to use it; how to determine market value; what property rights and restrictions are involved; subdivisions and assemblage. The environmental and regulatory issues that land brokers must know and be ready to deal with are also stressed. *This course is required to attain the ALC designation.
This course counts towards the ALC designation, is an elective towards the ABR designation, and will count for 16 credits towards the MRE, Master of Real Estate designation program.
This is the only RLI course taught online.
Knowledge Requirements: ALC candidates who wish to apply for the designation must successfully complete 120 credits of RLI-approved courses, including these three required courses: Land 101, Land Investment Analysis, and Tax Deferred 1031 Exchanges. The three required courses comprise 60 credits or one half of all required coursework. RLI Land University courses of at least two days length count as 20 credits toward the ALC Knowledge Requirement. All other courses will be reviewed and granted credit based on their applicability to land specialists.
Experience Requirements: ALC candidates must document their involvement in either: $5,000,000 in land transactions (sale, purchase or lease) or a minimum of 25 separate land transactions, of which no more than 80% involve residential lot sales. In order to qualify, transactions must have been completed within the preceding 5 years of the ALC application date: for example, transactions since September 2001 qualify for a application made in September 2006.
ALC Application: ALC candidates must submit an ALC Application and the processing fee ($350), accompanied by documentation verifying the completion of all designation requirements.
ALC Designation: The ALC designation is awarded by the RLI Board of Directors to candidates who have successfully completed all knowledge and experience requirements. Once awarded, ALC designees must maintain membership in good standing with both RLI and the National Association of REALTORS® (either as a REALTOR® or Institute Affiliate member) to continue using the ALC designation.