New York Real Estate Continuing Education Online

The undertaking of real estate transactions is a complex endeavor. Expertise is needed by buyers and sellers of real property in order to assure that profits are maximized while losses are minimized, both of these ends being realized in legal and ethical ways. To gain this expertise, it is common, if not necessary, for buyers and sellers to enter into relationships with those who have expertise in real property issues namely, you. A variety of relationships exist in real estate transactions, and they are designed to serve the different means and degrees to which buyers and sellers are represented. These distinct relationship categories are borne of agency law.

In the real estate industry, agreements are made everyday. Whether a salesperson is promising to sell a property within a specified period of time, a buyer is placing an offer on a house or a buyer is trying to purchase a property, some type of contract will be involved. Before entering into a legally binding agreement, real estate professionals should fully understand the different types of contracts that govern their industry. If a real estate professional makes a mistake while making a contract, he or she will be held liable for that mistake. Therefore, it is vital that real estate professionals protect themselves against errors, oversights and misunderstandings.

In this course we will first address the fundamentals of basic business ethics and define terms such as "ethics", "values" and "principles" and how they influence professional behavior in the workplace. We will then review the Real Estate Board of New York (REBNY) Code of Ethics and illustrate how it compares and contrasts with the REALTOR® Code of Ethics. Since we will be presenting comprehensive profiles of both the REALTOR® Code of Ethics and the REBNY Code as well, you will notice numerous similarities between the Articles but there are some differences as well. For example, in the REBNY Code it does say that the member shall treat all non-clients "honestly and fairly". In Article 1 of the REALTOR Code of Ethics it says that a REALTOR shall treat all non-clients only "honestly".

All Americans have the right to attempt to purchase, rent, or finance housing for themselves in the location of their choosing, regardless of their gender, religion, handicap, color, race, national origin, or familial status. To help ensure that no one is deprived of this right, Congress passed the federal Fair Housing Act in 1968. This Act prohibits unethical discrimination by those who rent, sell, and finance residential real estate. This module discusses the federal Fair Housing Act, as well as other anti-discrimination laws that directly affect the real estate industry and the financing of real estate. Upon completion of this course, you will understand the legislation, its purpose, and importance. You will also be familiar with the penalties for violating such statutes and have a better understanding of how you can avoid unethical discrimination in your everyday conduct.

In this Course, we will describe the Tenant Broker Fee Ban and its current legal status.  We will also discuss the reprieve of commercial tenant evictions due to the Covid-19 pandemic.

In addition, we will review the components of a New York Article 78 proceeding and the steps involved.  We will also cover the Housing Stability & Tenant Protection Act and its current status.  We will also cover other cases involving current real estate legal issues in New York and finally cover the New York State guidelines for real estate professional practice regarding protections from the Covid-19 virus.

Effective September 21, 2022, as part of the 22.5 hours of continuing education required to renew both real estate salespersons and brokers will be required to complete at least 2 hours of instruction pertaining to implicit bias awareness. 

Implicit bias is defined as the attitudes or stereotypes that affect an individual’s understanding, actions and decisions in an unconscious manner. 

This two-hour course emphasizes the importance of fair housing and embracing cultural diversity and best practices for being culturally sensitive and showcasing professionalism at all times.

You will complete this course with knowledge that makes you an ideal agent for many consumers as you'll understand how to address their unique needs.

The objective of this course is to teach real estate professionals how they can help their clients with the process of buying and selling property on a tax-favorable basis.

The first two lessons describe a method of real estate purchase using pre-tax dollars and of growing the estate within a qualified product. We will discuss the current tax advantages of using both qualified and non-qualified tax products such as IRAs, SEP IRAs, 401(k)s, Roth IRAs, and Charitable Gift Annuities. The use of these applications provides the real estate professional with an opportunity to create a long-standing and profitable relationship with his or her clients, as well as attracting a more sophisticated investor wishing to find an alternative to 1031 exchanges.

Lessons 3 and 4 of this course will explain the many important aspects of Internal Revenue Code Section 1031. The course will focus on the benefits of the 1031 exchange for the investor, the licensee, and the other parties involved in the transaction. The student will learn which properties qualify under Section 1031 and how to use the various types of 1031 exchanges to enhance the client's position in the investment real estate market.

The concluding lesson presents real-world dilemmas and concrete applications of the information presented in the rest of the course. As the student completes this course, he or she should try to develop a broad picture of tax-favorable real estate transactions and how they fit into the larger practice of real estate. The last lesson will help with this project by presenting comprehensive content questions, practice problems, and case studies.

Section 1031 of the Internal Revenue Code allows for a tax deferment on the exchange of 'like kind- income-producing property. In essence, an individual may trade an old income-producing or commercial capital asset for a new one of 'like kind- without paying tax on any of the gains. Instead, the tax is deferred until the chain of exchanges is permanently broken. Commercial real property can qualify for a tax-deferred exchange, providing that the transaction is properly managed through the cooperation of many different professionals. This module outlines the uses of 1031 exchanges, covering what constitutes exchangeable property, the definition of 'like kind,- the roles of different professionals in 1031 exchanges, the benefits and drawbacks, as well as the different types of exchanges commonly used for real estate transactions. A real estate professional familiar with the Section 1031, its meaning, use and scope, will be able to expand his or her clientele base and will be better equipped to advise investor and commercial clients over the course of their transactions, from the property finding phase through closing.