The module discusses the land and its uses, laws affecting the use of land—including environmental laws, urban growth, required disclosures, and how all these issues affect real estate business practices. Students are then provided an overview of residential construction and to familiarize the student with general construction procedures, terminology, and new home warranties. Building codes, lien law requirements, and contractor licensing are included in this overview, along with the single-family home pre-sale inspection process.
This module will also introduce or expand participants' awareness of the many factors that must be taken into consideration when serving the real estate needs of international homebuyers or investors in the United States.
For those seeking to become employing or managing brokers and who wish to open their own office - be it a franchise, independent or even a team structure - there are a number of issues that they will face when entering the marketplace.
In this course we will focus on key areas of concern related to Brokerage Management that all licensees should be aware of. At the conclusion of this course the student will be able to;
- Define steps to be taken when creating a brokerage
- Identify financial concerns associated with brokerage management
- Apply the regulations and taxes that must be adhered to by foreign parties participating in a real estate transaction.
- Demonstrate an ability to identify and discuss the basic structural components of a house.
- Predict land use demand and the highest and best use of land.
- Evaluate urban land locations for potential use and growth patterns.
Students will also have access to references, a glossary, Red Flag issues and information on AMCs in the Appendix and additional resources section of the course. Disclosure is also introduced as it relates to the topics covered.
The course is completed with a final exam.