About

This 10-hour renewal package for Colorado is the most cost-effective way to complete your license CE requirements. It includes the current version of the CREC Annual Commission Update Course (ACU) and Commercial Real Estate Electives.

About

The 101s of Processing Short Sales
That Every Real Estate Professional Should Know

There is no doubt that short sales are an integral part of the real estate marketplace, or that there will be short sales in the future. The basic tenets of the process have been around for a while, but with the rash of foreclosures and the ever-increasing desire (not to mention political pressure) for lenders to allow modifications or short sales, it is more important than ever that the real estate professional be equipped with the knowledge necessary to assist their clients and customers through the short sale process.

Topics Covered

This course focuses on the following topics:

Lesson 01: What Is a Short Sale?
Lesson 02: Hardship
Lesson 03: Questions
Lesson 04: Putting it Together
Lesson 05: Qualifying the Buyer
Lesson 06: Title & Follow Up
Lesson 07: Closing
Lesson 08: Short Sale Reality
Lesson 09: Stepping into a Short Sale Process
Lesson 10: Government Help
Lesson 11: Stepping into a Lender’s World
Lesson 12: Legal Face of a Short Sale

 The bank is simply a secured debtor. The bank does not do the Short Sale; it approves the Short Sale and its payoff. It is the seller who deeds the home to the Short Sale buyer, which is why the seller gets to choose who buys it.

If a new buyer steps in, their offer will have to match exactly to the terms of the short sale approval letter. If the approval letter is specific to a buyer, then the Short Sale listing agent may need to request a Short Sale approval letter for the new buyer, which could restart the whole process.

No one knows for sure if a Short Sale offer will be accepted or rejected by the lender. Just because a listing is advertised as a Short Sale doesn't mean it will be a Short Sale. It means the listing agent and the seller hope it will sell as a Short Sale and that the lender will accept the offer.

It's generally not a good idea to send an offer that is considerably lower than the list price if the home has been the market for only a few days.

There's no way to avoid gathering all the required documents for a Short Sale. Find out everything you'll need before you submit, so you don't face costly delays when the bank asks you for more information.

You may also wish to consider filing a small claims court action. In small claims court, you represent yourself, and disputes of up to $10,000 are resolved quickly and inexpensively by a judge.

State laws regarding short sale and fraud vary, and a local lawyer will be best suited to helping you understand your state’s laws regarding the matter. An experienced attorney can also help you avoid short sale fraud schemes by providing you with legal advice every step of the way, as well as represent you in court, as needed.

In short, discrimination stops people from living to their full potential.

Let’s practice empathy and the results will impress you.

A HUD home is a 1- to 4-unit residential property acquired by HUD because of a foreclosure action (REO)on an FHA-insured mortgage. HUD becomes the property owner and offers it for sale to recover the loss on the foreclosure claim. This agency is responsible for national policy and programs that address America's housing needs, improve, and develop the Nation's communities, and enforce fair housing laws.

Appraisal Discrimination is Illegal. Federal and state civil rights laws prohibit home appraisal discrimination based on race, color, religion, national origin, sex, disability, familial status, and other protected classes. 
 The National Fair Housing Alliance has issued recommendations for the Appraisal Standards Board and Appraisal Foundation to increase equity in their policies and practices.

Simply put, CC&Rs are a description of things homeowners can and cannot do with their property on the area in which the property resides.

We introduced you to the devastating effect of biases and discrimination on our society (education, workplace, economics) and specifically on Real Estate industry. Be a part of improvement and fairness in Real Estate.

Learning Objectives

By the end of this course, you will be able to:

• Qualify the seller to see if the seller is a candidate for doing a short sale, and knowing the right questions to ask, going in.
• Collect the appropriate documents from the seller.
• Qualify the buyer.
• Determine how the Settlement Statement should look, and how you can help a title company understand what you need.
• Follow up with the lender through the process and asking the right questions.
• Understand closing.
• Learn what it means to be a “distressed” homeowner and what a “distressed” home means.
• Understand the difference between foreclosure and a Short Sale.
• Define the most misunderstood concepts like “the parties to a Short Sale Purchase Contract” and the parties to a “Short Sale transaction”.
• Summarize the pros, the cons, and Short Sales challenges to help you handle the Short Sale transaction properly.
• Understand the real estate agent’s fiduciary duties.
• Understand the proper ways to handle the latter and discover the invaluable tips to help you work with your Short Sale buyers and sellers.
• Introduction to the lending terminology and the role of the US government in pre-foreclosure and foreclosure situations.
• Learn about the US government reaction to the Short Sale/Foreclosure disasters.
• Discover the best ways to handle multiple lien holders through understanding the Short Sale process and lender’s requirements.
• Learn about the legal and ethical aspect of a Short Sale transaction.
• Understand Predatory Short Sale fraud.

 The bank is simply a secured debtor. The bank does not do the Short Sale; it approves the Short Sale and its payoff. It is the seller who deeds the home to the Short Sale buyer, which is why the seller gets to choose who buys it.

If a new buyer steps in, their offer will have to match exactly to the terms of the short sale approval letter. If the approval letter is specific to a buyer, then the Short Sale listing agent may need to request a Short Sale approval letter for the new buyer, which could restart the whole process.

No one knows for sure if a Short Sale offer will be accepted or rejected by the lender. Just because a listing is advertised as a Short Sale doesn't mean it will be a Short Sale. It means the listing agent and the seller hope it will sell as a Short Sale and that the lender will accept the offer.

It's generally not a good idea to send an offer that is considerably lower than the list price if the home has been the market for only a few days.

There's no way to avoid gathering all the required documents for a Short Sale. Find out everything you'll need before you submit, so you don't face costly delays when the bank asks you for more information.

You may also wish to consider filing a small claims court action. In small claims court, you represent yourself, and disputes of up to $10,000 are resolved quickly and inexpensively by a judge.

State laws regarding short sale and fraud vary, and a local lawyer will be best suited to helping you understand your state’s laws regarding the matter. An experienced attorney can also help you avoid short sale fraud schemes by providing you with legal advice every step of the way, as well as represent you in court, as needed.

In short, discrimination stops people from living to their full potential.

Let’s practice empathy and the results will impress you.

A HUD home is a 1- to 4-unit residential property acquired by HUD because of a foreclosure action (REO)on an FHA-insured mortgage. HUD becomes the property owner and offers it for sale to recover the loss on the foreclosure claim. This agency is responsible for national policy and programs that address America's housing needs, improve, and develop the Nation's communities, and enforce fair housing laws.

Appraisal Discrimination is Illegal. Federal and state civil rights laws prohibit home appraisal discrimination based on race, color, religion, national origin, sex, disability, familial status, and other protected classes. 
 The National Fair Housing Alliance has issued recommendations for the Appraisal Standards Board and Appraisal Foundation to increase equity in their policies and practices.

Simply put, CC&Rs are a description of things homeowners can and cannot do with their property on the area in which the property resides.

We introduced you to the devastating effect of biases and discrimination on our society (education, workplace, economics) and specifically on Real Estate industry. Be a part of improvement and fairness in Real Estate.

About

The 101s of Processing Short Sales
That Every Real Estate Professional Should Know

There is no doubt that short sales are an integral part of the real estate marketplace, or that there will be short sales in the future. The basic tenets of the process have been around for a while, but with the rash of foreclosures and the ever-increasing desire (not to mention political pressure) for lenders to allow modifications or short sales, it is more important than ever that the real estate professional be equipped with the knowledge necessary to assist their clients and customers through the short sale process.

Topics Covered

This course focuses on the following topics:

Lesson 01: What Is a Short Sale?
Lesson 02: Hardship
Lesson 03: Questions
Lesson 04: Putting it Together
Lesson 05: Qualifying the Buyer
Lesson 06: Title & Follow Up
Lesson 07: Closing
Lesson 08: Short Sale Reality
Lesson 09: Stepping into a Short Sale Process
Lesson 10: Government Help
Lesson 11: Stepping into a Lender’s World
Lesson 12: Legal Face of a Short Sale

Learning Objectives

By the end of this course, you will be able to:

• Qualify the seller to see if the seller is a candidate for doing a short sale, and knowing the right questions to ask, going in.
• Collect the appropriate documents from the seller.
• Qualify the buyer.
• Determine how the Settlement Statement should look, and how you can help a title company understand what you need.
• Follow up with the lender through the process and asking the right questions.
• Understand closing.
• Learn what it means to be a “distressed” homeowner and what a “distressed” home means.
• Understand the difference between foreclosure and a Short Sale.
• Define the most misunderstood concepts like “the parties to a Short Sale Purchase Contract” and the parties to a “Short Sale transaction”.
• Summarize the pros, the cons, and Short Sales challenges to help you handle the Short Sale transaction properly.
• Understand the real estate agent’s fiduciary duties.
• Understand the proper ways to handle the latter and discover the invaluable tips to help you work with your Short Sale buyers and sellers.
• Introduction to the lending terminology and the role of the US government in pre-foreclosure and foreclosure situations.
• Learn about the US government reaction to the Short Sale/Foreclosure disasters.
• Discover the best ways to handle multiple lien holders through understanding the Short Sale process and lender’s requirements.
• Learn about the legal and ethical aspect of a Short Sale transaction.
• Understand Predatory Short Sale fraud.

About

Students will gain a thorough understanding of what constitutes a §1031 exchange, the rules and regulations that must be followed to qualify a transaction for §1031 treatment, and the variations on simultaneous exchanges that are available. They will also learn the different types of property that are deemed "like kind" for the purposes of §1031 qualification, some pitfalls to be aware of in suggesting this type of transaction, and how §1031 can give you an opportunity to add clients and commissions to your real estate practice. The student should already have some degree of familiarity with income taxation, at least as it relates to real estate, before starting this course. Tax expertise is not a prerequisite, but if you have no knowledge in this area at all, you may find the course very challenging.

Topics Covered

Lesson 1: The Basics

Lesson 2: Boot

Lesson 3: Issues in 1031 Exchanges

Lesson 4: Variations

Lesson 5: State Tax Issues

Learning Objectives

At the completion of this course, the learner will be able to:

• Describe what constitutes a §1031 exchange and the rules and regulations that must be followed to qualify a transaction for §1031 treatment
• Define the advantage of using the 1031, such as tax savings, increasing the depreciable basis of the property, adding sheltered income to your clients’ investment portfolio to diversify your client’s holdings, etc.
• Explain the variations on simultaneous exchanges that are available.
• List the different types of property that are deemed "like kind" for the purposes of §1031 qualification
• Identify the pitfalls to be aware of when suggesting this type of transaction
• State how §1031 can give brokers an opportunity to add clients and commissions to their real estate practice
• Explain to your client how an exchange can make a substantial difference in his/her tax result.

About

This 12-hour Nebraska real estate license renewal package provides you the easiest and most cost effective way to complete your real estate Continuing Education Requirements. Includes 6 hours of "R" credit.

About

This 18-hour continuing education course package for Nebraska provides you the fastest and most cost effective way to complete your real estate Continuing Education and Broker Approved Training Requirements to renew your Nebraska real estate license. This course package contains at least 6 hours of "R" credit and meets the REALTOR® Ethics requirements.

About

This 18-Hour Teams license renewal package for Nebraska real estate licensees provides you the fastest and most cost effective way to complete your real estate Continuing Education and Team Training Requirements. This course package contains at least 6 hours of "R" credit and meets the REALTOR® Ethics requirements (Check with your local association).

About

This 8-hour license renewal package includes the most current CREC Annual Commission Update (ACU) course and elective courses focused on the daily practice of real estate professionals to help you meet your Colorado licensing requirements in 2025.

About

There is so much we as listing agents can do to serve our sellers, regardless of the state of the local real estate market and the economy. We aren't helpless. We aren’t powerless when it comes to selling houses. Even in a difficult market, we have far more power and control over whether our listings sell than we give ourselves credit for.

This course is about how to sell those listings you work so hard to get, so that you actually see a paycheck for your efforts and, of course, get yourself a delighted seller who will be happy to refer business to you for years to come. Because it doesn’t matter if you’re the best FSBO converter on the planet—or have an expired campaign to die for—if you can’t sell those listings you’re so good at getting, then what’s the point?

Topics Covered

Lesson 01:Preparation and Pricing 1-10
Lesson 02: Pricing, Condition and Accessibility 11-22
Lesson 03:Challenges, Checklists and Marketing 23-45
Lesson 04:Advertising, Inspection & Appraisal 46-64
Lesson 05:Evaluating Your Listings 65-74

Lead can also be found in the soil and in water sources caused by old lead pipes or lead solder.  
 

Learning Objectives

Upon completion of the course, you will be able to:

• Understand why the first 30 days are critical in any listing
• Explain what motivates us during the initial listing period
• Understand what information we should be gathering during this time
• Explain what happens after the first 30 days - i.e. What is at risk
• Relate the value of accessibility
• Recognize the impact of price reductions and underpricing
• Describe the importance of property condition
• Explain how to reduce the potential for hurt feelings during a transaction
• Recognize the importance for real estate professionals to do only what they are hired to do. Do not exceed your responsibilities during a transaction (i.e. acting like a home inspector)
• Discuss the need for good correspondence. Anything observed or overheard which may be of importance should be recorded.
• Identify the need to stage properties.
• Recognize the need for having the appropriate checklists to help identify areas of concern.
• Define the need for the real estate professional to ask questions about any "red flags" that they may find, see, or smell
• Define advertising, offers, inspection, appraisal and elaborate on how to handle each
  Take simple steps you can take that will ease the transaction for the most important people - your clients and customers.

Lead can also be found in the soil and in water sources caused by old lead pipes or lead solder.  
 

About

There is so much we as listing agents can do to serve our sellers, regardless of the state of the local real estate market and the economy. We aren't helpless. We aren’t powerless when it comes to selling houses. Even in a difficult market, we have far more power and control over whether our listings sell than we give ourselves credit for.

This course is about how to sell those listings you work so hard to get, so that you actually see a paycheck for your efforts and, of course, get yourself a delighted seller who will be happy to refer business to you for years to come. Because it doesn’t matter if you’re the best FSBO converter on the planet—or have an expired campaign to die for—if you can’t sell those listings you’re so good at getting, then what’s the point?

Topics Covered

This course focuses on the following topics:

• Lesson 1: Preparation and Pricing 1-10
• Lesson 2: Pricing, Condition and Accessibility 11-22
• Lesson 3: Challenges, Checklists and Marketing 23-45
• Lesson 4: Advertising, Inspection & Appraisal 46-64
• Lesson 5: Evaluating Your Listings 65-74

Learning Objectives

Upon completion of the course, you will be able to:

• Understand Why the first 30 days are critical in any listing
• Explain What motivates us during the initial listing period
• Understand What information we should be gathering during this time
• Explain What happens after the first 30 days - i.e. What is at risk
• Relate the value of accessibility
• Recognize the impact of price reductions and underpricing
• Describe the importance of property condition
• Explain how to reduce the potential for hurt feelings during a transaction
• Recognize the importance for real estate professionals to do only what they are hired to do. Do not exceed your responsibilities during a transaction (i.e. acting like a home inspector)
• Discuss the need for good correspondence. Anything observed or overheard which may be of importance should be recorded.
• Identify the need to stage properties.
• Recognize the need for having the appropriate checklists to help identify areas of concern.
• Define the need for the real estate professional to ask questions about any "red flags" that they may find, see, or smell
• Define advertising, offers, inspection, appraisal and elaborate on how to handle each
• Take simple steps you can take that will ease the transaction for the most important people - your clients and customers.

About

About

This contracts course was created for licensed real estate brokers in Colorado to understand the changes effective in January 2024.

In addition to the updated contracts and new forms, licensees will review concepts of contract law, brokerage relationships, permitted changes, disclosures, and closing forms and procedures. By the end of this course, licensees will demonstrate a working knowledge of the contract forms promulgated by the Colorado Real Estate Commission and will be ready to use them appropriately and effectively in practice.

Competence in preparing contracts is a fundamental skill every real estate licensee must master. The terms of the agreement have legally binding implications for both the licensee and the principal and must be prepared carefully, with diligent attention to detail, such that all duties and promises are clearly and completely defined. In so doing, licensees will be equipped to avoid the possibility of contract errors and misunderstandings, which can result in ill will, lawsuits, and disciplinary action.

Whether the learner is a seasoned real estate professional or just starting, this course will enhance their ability to execute their responsibilities as a real estate licensee. By the end of the course, licensees will be equipped to confidently navigate the real estate transaction with a renewed appreciation for their role in helping clients achieve a successful closing.

Topics Covered

In this course we will focus on the following topics:

• Review of contract law and brokerage relationships
• Commission-approved contracts
• Listing and sale contracts
• Contracts in property management and leasing
• Closing forms and procedures
• 2024 Updated redline contracts review

Learning Objectives

Upon completion of this course, you will be able to:

• Define and distinguish between different brokerage relationships along dimensions of authority, duties, contract law, and legal implications.
• Identify the significance of Conway-Bogue as a landmark case which led to the use of Commission promulgated contracts.
• Demonstrate a working knowledge of the contract forms promulgated by the Colorado Real estate Commission for use by licensees in real estate transactions and an understanding of the purpose and role of each of the clauses within the contract.
• Specify the permitted modifications to the Commission approved forms including which clauses can and cannot be edited and in what manner they may be modified.
• Identify the contract changes and new forms going into effect in 2024 and understand the importance and reasoning behind the new requirements for radon disclosures passed into law in 2023.