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Alabama Real Estate Continuing Education arrow Alabama Broker C.E. Package B, 15 hrs



Alabama Broker C.E. Package B, 15 hrs

Price per Unit (piece): $90.00


Alabama Broker C.E. Package B, 15 hrs

RISK MANAGEMENT FOR BROKERS

Managing money including:  Trust accounts, earnest money, property management funds

Contract provisions including: Violations, disciplinary action, hearings and appeals

Auditing procedures including: Earnest money, security deposits, rental property bookkeeping, operating account and payroll account.

Independent contractors and reconciliation including:  Definition, rights and obligations, reconciliation for AREC audit and checklist

Managing people including: Importance of training, what to include in a training program; license law, fair housing, RESPA, price fixing, boycotting, environmental issues, lead based paint and mold.

Developing a training program including: Advertising, supervision, policy and procedures manual, RECAD/Agency.

Role of the Broker including:  Job description and building your company, 

RISK MANAGEMENT, AVOIDING VIOLATIONS

Alabama License Law

Obligations of the licensee

Violations of license law

Who needs to be licensed?

Buying property for yourself

Handling the personal sale

Handling money belonging to others including:  Trust funds, escrow, security deposits, earnest money, rent

Holding and disbursing earnest money

Property management trust accounts

Mortgage Fraud

Price gouging

Fair housing

Advertising including: State laws, do not call, incentives, kickbacks and rebates,

Property condition and disclosure

Lawsuits

Buyer beware/Caveat Emptor

Home inspections do’s and don’ts

Seller disclosure

As is

 

Fair Housing

  • Fair housing laws as they have evolved over the years
  • Discriminatory red flags in the course of showing homes
  • Implement a plan to prevent discriminatory behavior
  • Different scenarios to prevent discrimination
  • Recognizing and understanding the impact of discrimination on the public
  • Obligations of the licensee during the transaction

Understanding Real Estate Financing

  • Understand current financing opportunities
  • Create a financing scenario that will assist buyers
  • Financing pitfalls as they may affect different buyers
  • Assist a seller in realizing his net after a sale
  • Distinguish the differences among lending programs currently available

From Contract to Closing  

  • Learn the essential elements of a real estate contract.
  • Be able to recognize the basics of a deed.
  • Follow the course of a real estate transaction from contract to closing.
  • Be able to distinguish among the terms applicable to contracts and deeds.
  • Understand the details involved with preparing a title report.
  • Learn what is required in order to obtain clear title.
  • Be better prepared to create a dialog with buyers and sellers in order to alleviate most of the tension felt by them before and during the contract to closing process.

 




 





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