New York Real Estate Continuing Education Online

About

This course covers the foundational principles of agency law as they apply to real estate practice in New York, including common law agency, brokerage obligations, advertising requirements, office policies, and the duties licensees owe to clients and customers.

Topics Covered

• Lesson 1: The Concept of Agency
• Lesson 2: Relationships in Agency
• Lesson 3: Services Offered with and Without an Agency Relationship
• Lesson 4: Disciplinary Situations and Procedures
• Lesson 5: Case Studies and Practices
• Lesson Quizzes: 5 multiple choice questions in each lesson

Learning Objectives

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

• Explain how agency is created and the various agency relationships that exist.
• Understand the relationship between real estate brokers and their affiliated licensees regarding agency.
• Discern the differences between the real estate licensees’ five fiduciary duties to clients and their six general duties to customers.
• Recognize disclosure requirements of a licensee acting as a principal.
• List the five services a licensee may provide to a party without causing an agency relationship to be formed.
• Understand the ethics involved in dealing with sellers and buyers.

About

As a real estate professional, understanding the contracts that govern your industry is essential before entering into any legally binding agreement. This course covers the different types of real estate contracts, bilateral, unilateral, implied, express, executed, executory, valid, void, voidable, and unenforceable, along with the five components that make a contract legally valid and the conditions under which a contract can be discharged.

Topics Covered

• Types of Contracts
• Features of a Legally Valid Contract
• Contract Fulfillment
• Real Estate Contracts

Learning Objectives

• The laws that prohibit deceptive trade practices
• The components of a valid contract
• The differences between a unilateral and bilateral contract
• Types of general contracts
• The difference between a forbearance and performance agreement
• The features of a contract (and the contracting parties) that make a contract legally binding
• The general features of a completed contract
• When a contract can be discharged
• The different kinds of real estate contracts

About

This course covers ethical decision-making frameworks and the standards of professional conduct expected of New York real estate salespersons and brokers, including a review of the NAR® Code of Ethics. Fulfills the 2.5-hour ethical business practices mandatory requirement for license renewal.

Topics Covered

This course focuses on the following topics:

• Business Ethics Basics
• Real Estate Board of New York (REBNY) Code of Ethics
• REALTOR® Code of Ethics

Learning Objectives

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

• Explain basic business ethics and how they influence professional behavior.
• Explain how the Real Estate Board of New York (REBNY) impacts professional real estate practice.
• Explain how the REALTOR® Code of Ethics impacts professional real estate practice.
  Identify similarities and differences between the REBNY Code of Ethics and the REALTOR® Code of Ethics.

About

This course covers federal and New York State fair housing laws, protected classes, prohibited discriminatory practices, and the responsibilities of real estate licensees in ensuring equal access to housing. Fulfills the 3-hour fair housing mandatory requirement for license renewal.

Topics Covered

• Lesson 1: Introduction to Fair Housing
• Lesson 2: Diversity
• Lesson 3: Discriminations
• Lesson 4: Additional Legal Protections to Prevent Discrimination
• Lesson 5: Enforcement of Fair Housing Laws
• Lesson 6: Avoiding Discriminatory Practices
• Lesson 7: Real World Case Studies
• Lesson Quizzes: 10 multiple choice questions in each lesson

Learning Objectives

At the conclusion of this course, you will be able to:

• Explain the purpose of the federal Fair Housing Laws and be able to identify the protected classes covered by the Fair Housing Act.
• Name the seven activities considered illegal as a result of the Fair Housing Laws.
• Identify the five exemptions from the federal Fair Housing Laws for property owners.
• Summarize the tenets of the “REALTOR® Fair Housing Declaration”.
• Define “niche marketing”.
• Identify ways to avoid stereotyping.
• Identify strategy for breaking negative habits or behavior.
• Recognize discrimination in real estate practice.
• Identify acts considered discriminatory under the Fair Housing Act of 1968 as amended in 1972 and 1988.
• Explain Fair Housing Guidance on Criminal Background Checks.
• Recognize the purpose of the federal Equal Credit Opportunity Act (ECOA) and know the classes it protects.
• Describe the purpose of the Americans with Disabilities Act (ADA).
• Outline how the ADA affects real estate practice.
• Describe how fair housing complaints are handled.
• List the penalties for non-compliance with Fair Housing Laws.
• Sketch various ways a broker might incorporate business practices designed to prevent discriminatory practices.
• Explain the purpose of the HUD/NAR Partnership and why it is important.
• State the basic principle that should guide licensees in following HUD's Advertising Guidelines.
• Identify acceptable and unacceptable words and phrases for use in advertisements.
• Describe how to apply the practices that help a licensee show that he or she does not discriminate.
• Define NAR Guidance on Current Issues.

About

This course covers recent legal changes relevant to New York real estate licensees, including rule and regulation updates, Department of State opinions, and court decisions. Fulfills the 1-hour recent legal matters mandatory requirement for license renewal.

Topics Covered

• Tenant Broker Fee Ban Status.
• Article 78 Proceedings.
• Commercial Tenants’ Reprieve from Evictions.
• Housing Stability & Tenant Protection Act HSTPA).
• Miscellaneous Court Decisions.
• Covid-19 Protection Guidelines.

Learning Objectives

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

• Describe the Tenant Broker Fee Ban and its status.
• Explain the status of the reprieve of commercial tenant evictions under the Covid-19 conditions.
• Describe an Article 78 proceeding.
• Describe the Housing Stability & Tenant Protection Act and its Status.
• Explain other current legal issues in New York.
• Describe the mandated protections from Covid-19 New York guidelines that have been implemented.

About

This course defines implicit bias, the unconscious attitudes and stereotypes that influence individual actions and decisions, and explores how it affects real estate practice. You'll learn strategies for recognizing and addressing biased behavior to serve all clients equitably. Fulfills the 2-hour New York implicit bias awareness mandatory requirement.

Topics Covered

Lesson 1: What is Implicit Bias
Lesson 2: Implicit Bias in Real Estate
Lesson 3: Best Practices to Avoid Implicit Bias – The Actions you take Make the Difference

Learning Objectives

At the completion of this course, you will be aware of your assumptions and how they may influence your behavior and learn best practices in an effort to avoid biases in the future (or adjust as needed).

About

This course emphasizes the importance of cultural diversity and fair housing in real estate practice. You'll learn best practices for delivering professional, culturally sensitive service that reflects the communities you serve. Fulfills New York’s 2-hour cultural competency mandatory requirement.

Topics Covered

Lesson 1: What is Cultural Competency 
Lesson 2: The Role of the Real Estate Agent
Lesson 3: Best Practices

Learning Objectives

By The end of this lesson, Student will be able to:

• Understand cultural norms
• Recognize Preferences and challenges within our diverse communities
• Apply inclusion and equity towards the public
• Use Strategies to increase their own learning about relating to other cultures
• Understand how their clients differ and how they are the same
• Hold themselves accountable for providing excellent professional service to all groups
• Recognize and manage their own biases
• Understand the term “National Culture”

About

This course introduces methods for purchasing real estate using pre-tax dollars, growing investments within qualified products, and leveraging qualified and non-qualified tax strategies to build long-lasting relationships with investor clients. You'll also explore 1031 exchanges and apply concepts through real-world case studies.

Topics Covered

• Introduction to Tax-Favorable Transactions
• Charitable Gift Annuities
• Introduction to 1031 Exchanges
• Exchanges
• Case Studies with Real World Practice

Learning Objectives

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

• Identify motivated buying and selling clients.
• Outline the attributes of qualified and non-qualified products and how they can benefit the sales process.
• Describe the restrictive rulings of the 1031 exchange program.
• Explain how money can be accumulated using pre-tax dollars, accumulating interest on a tax-deferred basis and creating litigation protection.
• State charitable strategies for creating income and tax relief for individuals or families owning highly-appreciated real estate.
• Describe Charitable Gift Annuities and the annuity payments, income benefits, and tax advantages associated with them.
• State the parameters that the IRS uses to define a valid "like-kind" exchange.
• Explain the advantages and disadvantages of various exchanging alternatives.
• Outline the mechanics of a successful tax-deferred exchange and the role of each party in those exchanges.
• Identify common exchange documentation and describe the role of a qualified intermediary.
• Define "boot" and explain how to deal with it.
• Calculate whether a sale is preferable to an exchange.

About

Section 1031 of the Internal Revenue Code allows real estate holders to defer taxes when exchanging like-kind income-producing property. This course covers the benefits and drawbacks of 1031 exchanges, what qualifies as exchangeable property, the roles of professionals involved in the transaction, and how to manage the exchange to qualify for tax deferment.

Topics Covered

• Introduction to 1031 Real Estate Exchange
• Mechanics of the 1031 Exchange
• Real Estate Practice