Free online courseReal State broker

Course Description

The "Real Estate Broker" course offers a comprehensive learning experience, meticulously designed to span 63 hours and 44 minutes. Esteemed with an impeccable average rating of 5 stars, this professional course stands as a premium educational resource in the Realtor subcategory.

This course encompasses diverse and crucial subjects relevant to real estate practice. Students start with foundational knowledge such as property rights and various forms of ownership. Detailed exploration of the NC Condominium Act and NC Timeshare Act provides crucial insights into these specific forms of property ownership.

Further, the course delves into complex property concepts including fee simple defeasible and life estates, supported by interactive activities. Participants gain a robust understanding of the distinctions between personal and real property, and the implications of different property types such as fixtures and fee simple absolute estates.

Moving forward, the curriculum tackles liens and easements in detail. Specific liens, NC mechanics liens, and lien priority of payments highlight critical financial aspects of property transactions. Easements, encroachments, and real property tax calculations are addressed with practical examples to ensure mastery of these topics.

Property description, transfer of title, and control of land use are covered extensively through various chapters. This includes both voluntary and involuntary alienation of property, zoning regulations, and other land use controls necessary for a well-rounded understanding of real estate law and practice.

The course features an in-depth analysis of agency law, emphasizing the duties and responsibilities of real estate agents. Topics like agency loyalty, obedience, accounting, disclosure, and the handling of misrepresentation or omission errors are crucial parts of the agent's fiduciary duties and are comprehensively covered.

The curriculum also details contractual agreements, listing agreements, and the NC REALTORS exclusive right to sell. Students get to practice commission calculations, living area computations, sales contract practices, and handling various offer types, enhancing both their theoretical and practical skill sets.

Landlord-tenant relations form another significant portion of the course. Different lease types, essential lease vocabulary, and residential rental agreements are meticulously broken down. The Tenant Security Deposit Act is another crucial segment that students will understand in depth.

Property management and investment are detailed across multiple chapters, focusing on formulas like BTCF, NOI, and return on equity. Homework worksheets are provided to reinforce these concepts and ensure students can apply theoretical knowledge to practical scenarios.

Financial aspects of real estate transactions are thoroughly addressed in chapters dedicated to mortgages, promissory notes, amortization, and various payment calculations. The breakdown of PITI payments and interest math homework ensures students are proficient in financial computations.

The course also ventures into the secondary mortgage market, residential construction, valuation approaches (including sales comparison and income capitalization), and taxation without the complexities of advanced math. Fair housing laws and environmental issues are integral parts of the curriculum, ensuring compliance and ethical practice.

Closing transactions and North Carolina License Law are covered comprehensively, highlighting the requirements for obtaining and maintaining a real estate license, and navigating exceptions and rules specific to North Carolina.