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Texas Real Estate CE

Complete your Texas real estate continuing education requirements. Our courses are designed to help you fulfill your CE credits for your Texas real estate license renewal. 360training.com is an online real estate school that offers you the convenience of studying at your own pace in any location with Internet connection.

Please check the box next to the course(s) you wish to take. Then click the "Add To Cart" button to proceed with registration.

Course Title Hours Price

Approved Course Number(s):
04 – 00 – 102 – 22365

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The objective of this course is to answer this: How must the real estate profession change to make itself relevant to what will prove to be a radically more challenging future? This course will explore in detail the workings of human ecosystems, what it takes to achieve long – term sustainability and well – being, how we are falling short, and the role of an ethical, environmentally responsible real estate professional in helping turn things around.

4 $40

Approved Course Number(s):
03 – 00 – 102 – 17473
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ESTIMATING GROSS LIVING AREAS FOR RESIDENTIAL PROPERTIES

Course Description

This course is deigned as a 3 – hour course that teaches those in the real estate community about estimating gross living area.

We will cover broad issues and describe the procedures for measuring the total square footage of detached single – family homes and multi – family gross building areas. The methods employed are the industry standard for the calculation process and enable the users of this information to obtain accurate and reproducible measurements for total gross living area of residential properties. You will learn how to treat the finished areas above – and below – grade, the finished living area above the garage, and the unfinished areas within the structure. The standard will allow individuals and organizations to agree and cooperate in communicating these square footage quantities to users of this information.

This standard promotes these goals in the hope that square footage calculation can become an item of agreement rather than a point of contention between groups with different interests and concerns.

This Estimating Gross Living Areas for Residential Properties course utilizes interactive technology and audio in an appealing way to facilitate learning.

Upon completion of this course, the student will be able to.

  • Define the American National Standard for Single – Family Residential Buildings (ANSI) and associated definitions.
  • Understand the scope and purpose of the ANSI.
  • Employ the calculation and measurement of square footage.
  • Comprehend the Statement of Finished Square Footage.
  • Calculate and measure estimated gross living area according to floor plans.
  • Identify the different values associated with real property, namely market value.
  • Determine the forces affecting market value.
  • Apply the appraisal process with regards to the Bundle of Rights and the appraisal process flow chart.
  • Define the Uniform Standards of Professional Appraisal Practice (USPAP) and various rules that accompany the USPAP.
  • Identify the components of valuation analysis.
  • Review a summary of the course and guidelines used for the estimation of the gross living area.
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  • 3 $25

    Approved for Appraiser Continuing Education
    Dual credit for Real Estate MCE: 3 hours of MCE credit with 0 hrs. in legal.

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    Approved Course Number(s):
    04 – 00 – 102 – 17472
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    Course Description:
    This module covers major environmental hazards. Licensees need to familiarize themselves with environmental issues because they have a responsibility to disclose to buyers any information that might affect their decision to buy. Environmental hazards can dramatically affect a property’s value, so buyers, sellers, lenders and licensees all can be affected by them. Students will learn throughout this module to identify internal and external environmental issues. They will learn about health hazards, environmental legislation, liability and responsibility for cleanup and protection. They will also learn about actions they should take and how issues affect licensees and lending. Licensees are not expected to be environmental experts, but in this module students will acquire a competency with environmental issues which will help them to elucidate issues for buyers, sellers and lenders. Knowledge of environmental issues also will help protect them from charges of nondisclosure. The conclusion of this module presents real world dilemmas and applications of the information presented. As the student completes this module, he or she should try to paint a big picture of environmental issues, which the module will address with comprehensive content questions, practices and case studies.

    LEARNING OBJECTIVES:

    • Identify recent laws that have an impact on environmental issues, including lead – based paint disclosure laws
    • Know the procedures used to locate toxic waste sites, the responsibilities for cleanup and steps that may be taken to minimize future liabilities
    • Understand the nature of major air pollutants and the remedies that may be applied to minimize their effects
    • Be able to list at least three sources of human exposure to PCBs and at least two effects of this PCB exposure on humans
    • Understand landowners’ responsibility for the protection of wetlands areas on their property
    • Identify the issues landowners and developers face regarding endangered – species protection
    • Comprehend the nature of electromagnetic forces and the possible need for testing
    • Be able to describe at least two major provisions of the Small Business Liability Relief and Brownfields Revitalization Act
    • Know the current status of environmental laws and their effect on property insurance and mortgage lending

    TOPICS COVERED:

    • INTRODUCTION
    • Lesson 1: The Indoor Environment
    • Lesson 2: The External Environment
    • Lesson 3: Legislation
    • Lesson 4: Disclosure and Site Assessment
    • Lesson 5: Real – Estate Practice

    REGULATORY REQUIREMENT:
    Please see the state/regulatory requirement from the course catalog page.

    SEAT TIME:
    This course has been approved for 3 hours.

    COURSE PRE – REQUISITE:
    N/A.

    TESTING:
    Quizzes – All quizzes must be taken to proceed forward to the next lesson.
    Final Exam – You will be required to take a final exam.

    COURSE COMPLETION:
    Print course completion and keep until requested by TALCB.

    ABOUT THE SUBJECT MATTER EXPERT:

    Lynn Smith began her real estate career in 1981 and achieved her broker’s license in 1984 in Houston, Texas. She has worked in residential sales, commercial sales, leasing, and new home sales. She began developing courses as a Director of Training for Coldwell Banker from 1986 – 1989. In 1990, she was responsible for getting the first five Mandatory Continuing Education (MCE) Courses approved in the State of Texas. As Director of Education for the Texas Association of REALTORS® she developed numerous courses in real estate finance, law, contracts, and marketing. She also developed a course to teach instructors how to utilize interactive teaching methods. She believes that the secret to success in real estate is to take good care of clients and customers.

    Gregg Driscoll is a 1997 graduate of Linguistics from the University of Montana and an active real estate licensee in Austin, TX. He has created and facilitated training documents for start – up companies and established corporations regarding customer service and sales techniques. Mr. Driscoll has also headed training initiatives for software implementations and upgrades. Additionally, he has worked with independent Real Estate Brokerages to create new agent training programs. Mr. Driscoll joins 360Training as a subject matter expert in the field of real estate and ensures that the information delivered is accurate and current. Furthermore, he draws from experience as an agent to deliver real estate concepts in a thoughtful and relevant manner.

    4 $36

    Approved Course Number(s):
    03 – 00 – 102 – 22364

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    This course is one in a series of Human Ecology courses. Thousands of times every day, real estate licensees influence the choices people make about the homes, neighborhoods, and the communities in which they live. Licensees who take particular care to acknowledge when homes are efficient and well – built, the neighborhoods livable, and the communities sustainable, are helping make such desirable properties more available and more valuable. Topics covered include the concept of energy and humanity’s reliance on it, the use of energy in different sectors, global warming; global oil depletion, approaches to a more sustainable future, and how the real estate profession can address the challenges of a future with substantially more costly energy.

    3 $30

    Approved Course Number(s):
    03 – 00 – 102 – 17471
    .

    Deeds

    A deed is a written instrument that is commonly used to convey the title to real property. Consequently, all real estate professionals must have a clear understanding of the uses and purposes of different types of deeds. This module also illustrates the difference between the concept of title and the concept of a deed.

    The first lesson of this module reviews the requirements of a legally enforceable contract. A deed is a legal contract between two parties for land conveyance; therefore, the requirements for a deed to legally convey the title to real property are also reviewed and explained in detail.

    The second lesson of this module covers types of deeds and their different uses. Types of deeds for voluntary land conveyance differ in the extent of covenants and warranties on the title that are offered to the grantee. The most common types of deeds for voluntary land conveyance are general warranty deeds, special warranty deeds, bargain and sale deeds and quitclaim deeds. The lesson then identifies other types of deeds that may be used for special purposes.

    All states have distinctive legislation pertaining to title conveyance. As a result, the third lesson of this module outlines relevant state statutes that affect the creation and execution of deeds, including those that differentiate between the unauthorized practice of law and the lawful role of real estate professionals.

    The last lesson in this module is a real estate practice lesson in which the student is presented with real world situations that licensees might face in the field. This lesson gives the student an opportunity to employ his or her new knowledge, and to use the material in this module to properly manage ethical predicaments and problematic transactions.

    3 $25

    Approved Course Number(s):
    04 – 00 – 102 – 17470
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    Course Description

    .

    Clear, mutually – acceptable agreements are an essential component of the legal transference of ownership. In the practice of real estate, contracts are the instruments used to describe and record the agreements surrounding the conveyance of property. Some type of contract is nearly always involved, whether a salesperson is promising to sell a property within a specified period of time, a prospective buyer is placing an offer on a house or a seller is considering an offer on property.

    Before entering into a legally binding agreement, real estate professionals must fully understand the contracts that govern their industry. Failure to understand contracts opens a licensee to various kinds of liability and can seriously damage one’s professional reputation. Therefore, it is vital that real estate professionals learn this material so that they can protect themselves against errors, oversights and misunderstandings.

    In this module, the student will learn about the types of general contracts as well as the different kinds of real estate contracts. The module begins by providing the student with an overview of the various types of contracts: bilateral, unilateral, implied, express, executed, executory, valid, void, voidable and unenforceable. Once the student is introduced to the different types of contracts, he or she learns what makes a contract legally enforceable, this being the five components that make a contract valid: mutual assent, legally competent parties, consideration, lawful objective and adherence to a statute of frauds.

    This module includes the following lessons.

    • Introduction to Contracts
    • Contract Fulfillment
    • Real Estate Contracts
    • Contracts, Purchase and Sales Agreements in Texas

    The fourth and concluding lesson in this module presents real – world dilemmas and concrete applications of the information presented in the rest of the course. As the student completes this module, he or she should try to develop a broad picture of environmental issues 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.

    4 $36

    Approved Course Number(s):
    03 – 00 – 123 – 23788
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    Course Description

    In many states, a licensee has no official duties throughout the closing process. This leads some real estate licensees to believe that their job ends when the purchase and sales contract is signed, but this is not a prudent stance. Transactions can and do fall apart during the closing stage. Licensees who are familiar with closing procedures and settlement costs can stay involved and use their skills to help ensure that their transactions end well.

    This course will introduce the student to the closing statement (also called a ?settlement statement?). This is a document that provides a detailed list of each party?s expenses as well as how much he or she has already contributed to the transaction thus far. This statement also provides an accounting of the final amount that the buyer must bring to the closing. To complete a closing or settlement statement properly, one must know which principal is responsible for each transaction expense. A licensee must also have a clear understanding of credits and debits and should know how to prorate expenses that must be divided between the principals.

    All transactions that fall under RESPA (the Real Estate Settlement Procedures Act) regulation are required to use the HUD – 1 Settlement Statement form. This means that all transactions involving a federally related loan used to purchase a one – to four – family home must use the HUD – 1 Settlement Statement form; this in turn means that nearly all residential purchase transactions will require this form. Therefore, the HUD – 1 Settlement Statement is the most commonly used form for settlement statements, and all licensees who deal in residential property should be familiar with it.

    Learning Objectives:

    • Outline the primary concerns that arise throughout the closing process, for both the buyer and the seller.
    • Describe what both the buyer and the seller must do to prepare for the closing date.
    • List the documents that the buyer and the seller must complete to close a typical real estate transaction.
    • Explain a licensee?s responsibility with respect to IRS Form 1099 – S and HUD?s ?Notice to the Homebuyer? form.
    • Name and distinguish the different types of closings.
    • Describe the licensee?s role in the closing process.
    • Outline the basic requirements and regulations imposed by the Real Estate Settlement Procedures Act (RESPA).
    • Identify which party is responsible for each expense in a typical closing transaction.
    • Explain the concept of credit and the concept of debit.
    • Prorate prepaid items and accrued expenses.

    Lesson Topics:

    Lesson 1: Real Estate Closings

    • Pre – Closing Requirements
    • Closing Procedures
    • Reporting Transactions to the IRS
    • Licensee?s Role
    • Real Estate Settlement Procedures Act (RESPA)

    Lesson 2: Expenses

    • Allocating Expenses
    • Credits and Debits
    • Prorating Expenses

    Lesson 3: The HUD – 1 Settlement Statement

    • General Guidelines for the HUD – 1 Settlement Statement Form
    • Settlement Charges
    • Summary of Borrower?s Transaction
    • Summary of Seller?s Transaction

    Lesson 4: Real World Practice

    • Field Application of Settlement Statement Knowledge
    • Insight into Closings and Settlement Costs

    Passing Information – % Quizzes & % Final Exams
    70% for both pretest and final exam.

    3 $25

    Approved Course Number(s):
    03 – 00 – 123 – 23788
    .

    Course Description

    In many states, a licensee has no official duties throughout the closing process. This leads some real estate licensees to believe that their job ends when the purchase and sales contract is signed, but this is not a prudent stance. Transactions can and do fall apart during the closing stage. Licensees who are familiar with closing procedures and settlement costs can stay involved and use their skills to help ensure that their transactions end well.

    This course will introduce the student to the closing statement (also called a ?settlement statement?). This is a document that provides a detailed list of each party?s expenses as well as how much he or she has already contributed to the transaction thus far. This statement also provides an accounting of the final amount that the buyer must bring to the closing. To complete a closing or settlement statement properly, one must know which principal is responsible for each transaction expense. A licensee must also have a clear understanding of credits and debits and should know how to prorate expenses that must be divided between the principals.

    All transactions that fall under RESPA (the Real Estate Settlement Procedures Act) regulation are required to use the HUD – 1 Settlement Statement form. This means that all transactions involving a federally related loan used to purchase a one – to four – family home must use the HUD – 1 Settlement Statement form; this in turn means that nearly all residential purchase transactions will require this form. Therefore, the HUD – 1 Settlement Statement is the most commonly used form for settlement statements, and all licensees who deal in residential property should be familiar with it.

    Learning Objectives:

    • Outline the primary concerns that arise throughout the closing process, for both the buyer and the seller.
    • Describe what both the buyer and the seller must do to prepare for the closing date.
    • List the documents that the buyer and the seller must complete to close a typical real estate transaction.
    • Explain a licensee?s responsibility with respect to IRS Form 1099 – S and HUD?s ?Notice to the Homebuyer? form.
    • Name and distinguish the different types of closings.
    • Describe the licensee?s role in the closing process.
    • Outline the basic requirements and regulations imposed by the Real Estate Settlement Procedures Act (RESPA).
    • Identify which party is responsible for each expense in a typical closing transaction.
    • Explain the concept of credit and the concept of debit.
    • Prorate prepaid items and accrued expenses.

    Lesson Topics:

    Lesson 1: Real Estate Closings

    • Pre – Closing Requirements
    • Closing Procedures
    • Reporting Transactions to the IRS
    • Licensee?s Role
    • Real Estate Settlement Procedures Act (RESPA)

    Lesson 2: Expenses

    • Allocating Expenses
    • Credits and Debits
    • Prorating Expenses

    Lesson 3: The HUD – 1 Settlement Statement

    • General Guidelines for the HUD – 1 Settlement Statement Form
    • Settlement Charges
    • Summary of Borrower?s Transaction
    • Summary of Seller?s Transaction

    Lesson 4: Real World Practice

    • Field Application of Settlement Statement Knowledge
    • Insight into Closings and Settlement Costs

    Passing Information – % Quizzes & % Final Exams
    70% for both pretest and final exam.

    15 $79

    Approved Course Number(s):
    06 – 00 – 102 – 22368

    .

    Setting goals and eliminating barriers to success is just the beginning of the transformation from eking out a living to a lucrative business. Licensees are presented with key models and systems that will assist in increasing their business growth exponentially. Students will gain an understanding of the fundamental principles of a real estate business, measuring performance quantitatively, mastering four key models that will allow them to operate at a higher level of success and continuing to grow and expand one’s real estate business without artificial limits.

    6 $60

    Approved Course Number(s):
    03 – 00 – 102 – 22367

    .

    Thousands of times every day real estate licensees influence choices that home buyers and sellers make about the homes, neighborhoods, and the communities in which they live. Those who take particular care to acknowledge and demonstrate the importance of efficient, well built homes, and conservation are helping to make these desirable properties and communities more available and more valuable. Water Resources is one in a series of courses involving human ecology. Special attention is given to global water systems, water usage, the effect on the world’s population, pollution, water quality standards, wetland protection, and the importance of conservation with the strategies for achieving these goals.

    3 $30

    Approved Course Number(s):
    04 – 00 – 102 – 17484.

    USING THE INTERNET TO SERVE CLIENTS

    Course Description

    This course discusses Internet basics, the Internet’s effects on the real estate industry, ways to create effective websites, Internet marketing techniques, and email.

    The Internet presents an unprecedented opportunity for real estate professionals. Licensees and firms can create Web sites to advertise their services and their listings incorporating pictures of homes, tours, promotions, property information and MLS listings. It is very important that licensees include their Web site name in all advertising efforts; sites should incorporate direct – response marketing and should include effective branding techniques. Because many people begin their online search for a home with search engines, site operators need to optimize their sites. Site operators can create VOWs or integrate IDX on their Web sites to incorporate MLS searches.

    Web sites are designed primarily to generate contacts. In many cases Web site visitors first contact a real estate professional by email. Thus, it is crucial that real estate Web site owners master their email skills. This course offers specific advice on how to use email effectively and discusses spam and its implications for real estate professionals.

    Upon completion of this module, the student will.

  • Understand the effects of disintermediation on real – estate professionals
  • Be able to explain the issues that apply to Internet Data Exchange and Virtual Office Websites
  • Have increased knowledge about the basic components of and terms related to the Internet
  • Know how to generate contacts through the development of an effective website
  • Evaluate and be able to implement Internet marketing methods
  • Understand important guidelines for writing e – mails that will help generate effective dialogues.

  • 4 $36

    The purpose of this course is to communicate recent updates, changes, and addendums to laws, regulations, legal definitions, and forms as they apply to real estate practice in the state of Texas. Since judicial interpretation provides the effective enforcement of these changes, a section containing several case studies is included in the course in order to illustrate the law in action in contemporary practice.

    Topics Covered

    • Legislative Changes
    • Hot Topics
    • Case Studies
    3 $25

    The purpose of this course is to communicate recent updates, changes, and addendums to laws, regulations, legal definitions, and forms as they apply to real estate practice in the state of Texas. Since judicial interpretation provides the effective enforcement of these changes, a section containing several case studies is included in the course in order to illustrate the law in action in contemporary practice.

    3 $25

    The purpose of this course is to provide guidance and discussion of the ethical requirements and concerns affecting Texas Real Estate Agents. First, the five canons of professional ethics and conduct are identified and discussed. Because agency relationships are critical to real estate transactions, this relationship is explored. Another relationship that is explored involves connections between parties in real estate transactions, including intermediary brokerage relationships and sub agency. The relationship between a real estate agent and a client is a fiduciary one, requiring each agent to put clients’ interests first and adhere to the particular standards and ethics required by law. The varied responsibilities and duties of the real estate agent to different parties may often lead to conflicts of interest. Real estate agents must be aware of these potential conflicts and must also of how to prevent and deal with them.

    Topics Covered

    • The Canons of Professional Ethics
    • Agency Relationships
    • Contract Issues
    • Defect Disclosure
    • Advertising
    • Intellectual Property
    • Dispute Resolution
    • Section 535 Changes
    • Property Management
    • TREC Cases
    • Appendices
    3 $25

    The purpose of this course is to provide guidance and discussion of the ethical requirements and concerns affecting Texas Real Estate Agents. The course discusses the specific requirements for agents in making offers to clients, disclosures of information, and resolving any disputes that may arise in the course of real estate transactions. When agents fail to meet the required ethical standards or satisfy other legal requirements they are subject to disciplinary action. This course includes case studies, which help to explore the ethical situations that agents may face, and the potential consequences that may occur when agents fail to behave in accordance with the ethical requirements that govern their business transactions.

    3 $25

    Approved Course Number(s):
    04 – 00 – 102 – 17483
    .

    Course Description.

    The objective of this course is to teach the real estate professional how he or she can help clients in buying and selling property on a tax – favorable basis.

    In accordance with TREC rules Sections 535.71 and 535.72D, the first two lessons of the course seek to provide a method of real estate purchase using pretax dollars and of growing the estate within a qualified product. We will discuss the application of current tax advantages of using both qualified and non – qualified tax products such as IRA’s, SEP IRA, 401k, Roth IRAs and charitable gift annuities. The use of these applications will provide the real estate professional with the 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.

    The final lessons of this module 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, licensed real estate agent/broker and other parties to the transaction. Upon completion of this course, 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.

    Learning Objectives

    Upon completion of this module the student will.

    • Be able to identify motivated buying and selling clients.
    • Know the attributes of qualified and non – qualified products and how they can be of benefit to the sales process.
    • Be able to identify the restrictive rulings of the 1031 exchange program.
    • Know how money can be accumulated using pre – tax dollars, accumulate interest on a tax – deferred basis, and create litigation protection.
    • Know charitable strategies of creating income and tax relief for individuals or families owning highly – appreciated real estate.
    • Know about Charitable Gift Annuities, and the annuity payments, income benefits and tax advantages associated with them.
    • Know the parameters that the IRS uses to define a valid like kind exchange.
    • Know the pros and cons of various exchanging alternatives.
    • Know the mechanics of a successful tax – deferred exchange and the role of each party in those exchanges.
    • Be familiar with exchange documentation and the role of a qualified intermediary.
    • Understand what constitutes “boot” and how to deal with it.
    • Know how to calculate whether a sale is to be preferred over an exchange.

    Regulatory Requirement

    Our staff works diligently to provide you with an analysis of current mandates and legislation that affects you the licensee. All information pertaining to the Mandatory Continuing Education requirements can be found on the State Requirements page. You can find the link to this page on the upper Navigation bar on the Course Catalog.

    Course Completion

    Affidavits can be found by clicking the Help link in the navigation bar on the Course Catalog. The affidavit will also be available to print upon course completion.

    Testing

    Quizzes – There is a quiz at the end of each lesson to test comprehension of the subject matter.

    Final Exam – Passing Grade 70%. You can take the final three times.

    About The Subject Matter Expert

    Course designed, written and maintained by 360Training. Course material questions can be directed to our Instructor of Record at Instructor.RE@360Training.com. Instructional support questions are returned within 24 business hours with answers provided by a qualified professional in your field through our network of subject matter experts.

    Support

    If you have any requests for technical support please contact the 360Training Support Department located in the HELP section of your account profile. Technical support inquiries are handled immediately.

    4 $36

    Approved Course Number(s):
    03 – 00 – 102 – 17482
    .

    Course Description .

    The objective of this course is to impress the meaning of real property ownership and the difference between real estate and personal property on the student. Although these terms are commonly used interchangeably in everyday conversation, there are different rights associated with these different commodities. It is important that licensees understand the differences between them and are able to explain the distinctions to their clients and customers. This module addresses the following topics.

    • Personal and Real Property Ownership
    • Land Description
    • Controlling Development
    • Real Estate Practice Lesson

    In accordance with TREC rules, Sections 535.71 and 535.72D, this module will describe how different commodities-land, real estate, and real property – transfer and are related and to one another. In addition, the student will learn about land use theory and come to understand how our federal, state, municipal and private authorities govern and plan our communities. This module covers legal descriptions as well as informal descriptions, the development of these concepts and the role they play in the real estate industry.

    This module’s final lesson presents real – world dilemmas and provides opportunities to apply the information covered in the rest of the course. As the student completes this module, he or she should try to develop a broad understanding of real property use and to place this understanding within the larger context of real estate practice as a whole. This final lesson aims to help the student achieve this goal using comprehensive content questions, practice examples and case studies.

    Learning Objectives

    Upon completion of this module, the student will be able to.

    • Describe the difference between land, real estate and real property.
    • Recognize the difference between real property and personal property.
    • State the definition of a fixture.
    • Explain the general character of surface, subsurface and air rights, as well as littoral and riparian rights.
    • Outline the basic features of the metes and bounds survey method and the rectangular survey method.
    • Distinguish the vertical method of land description from other survey methods.
    • Name the basic public and private methods employed to control the use and development of land.
    • Outline the “highest and best use” theory of land use.

    Regulatory Requirement

    Our staff works diligently to provide you with an analysis of current mandates and legislation that affects you the licensee. All information pertaining to the Mandatory Continuing Education requirements can be found on the State Requirements page. You can find the link to this page on the upper Navigation bar on the Course Catalog.

    Course Completion

    Affidavits can be found by clicking the Help link in the navigation bar on the Course Catalog. The affidavit will also be available to print upon course completion.

    Testing

    Quizzes – There is a quiz at the end of each lesson to test comprehension of the subject matter.

    Final Exam – Passing Grade 70%. You can take the final three times.

    About The Subject Matter Expert

    This course is created and brought to you by 360Training, a leading provider of accredited e – learning courses to working professionals through today’s leading schools, associations and corporations. 360Training’s high quality e – learning courses assist thousands of working professionals each month in a wide range of disciplines to succeed in today’s marketplace, renew licenses, acquire certification or prepare for a new profession.

    Support

    If you have any requests for technical support please contact the 360Training Support Department located in the HELP section of your account profile. Technical support inquiries are handled immediately.

    3 $25

    Approved Course Number(s):
    03 – 00 – 053 – 18146
    .

    Course Description.

    This course provides an introduction to residential real estate finance, including information on how to underwrite FHA, VA, FNMA and FHLMC loans. Understanding this information will help the student assist his or her buyer – and seller – clients from the initial meeting, through the closing proceedings with basic financing and loan – qualification questions.

    In accordance with TREC rules Sections 535.71 and 535.72D, in this course, you will learn the basics of the different types of loans available, loan applications, appraisals, escrow, titles and credit reports, including qualifying for loan amounts and verifying income and assets.

    Upon completion of this module, the student will know how to calculate loan amounts, estimate monthly payments, property taxes, hazard and mortgage insurance (for conventional, FHA and VA) and qualifying ratios and income.

    Learning Objectives

    Upon Completion of this course, the student will.

    • Understand the basic concepts of real estate financing, and the key terms involved
    • Know how to qualify a buyer for the most common types of loans
    • Be familiar with the use and function of escrow accounts
    • Know what a Mortgage Insurance Premium is
    • Know the underwriting guidelines and process
    • Be familiar with the three most common types of loans: Conventional, FHA and VA
    • Know the advantages and disadvantages of conventional loans
    • Know how to use conventional qualifying ratios
    • Know the advantages and disadvantages of FHA loans
    • Know about the differing FHA qualification ratios
    • Know the advantages and disadvantages of VA loans
    • Be familiar with VA eligibility and qualification periods
    • Be able to calculate the amount of VA entitlement used
    • Be able to calculate VA loan amounts and required down payments
    • Know the process and qualifications for assuming VA and FHA loans
    • Be familiar with other types of loans available
    • Know how to underwrite and close loans

    Regulatory Requirement

    Our staff works diligently to provide you with an analysis of current mandates and legislation that affects you the licensee. All information pertaining to the Mandatory Continuing Education requirements can be found on the State Requirements page. You can find the link to this page on the upper Navbar on the Course Catalog.

    Course Completion

    Affidavits can be found by clicking the Help link in the navigation bar on the Course Catalog. The affidavit will also be available to print upon course completion.

    Testing

    Quizzes – There is a quiz at the end of each lesson to test comprehension of the subject matter.

    Final Exam – Passing Grade 70%. You can take the final three times.

    About The Subject Matter Expert

    Course designed, written and maintained by 360Training. Course material questions can be directed to our Instructor of Record at Instructor.RE@360Training.com. Instructional support questions are returned within 24 business hours with answers provided by a qualified professional in your field through our network of subject matter experts.

    Support

    If you have any requests for technical support please contact the 360Training Support Department located in the HELP section of your account profile. Technical support inquiries are handled immediately.

    3 $25

    Approved Course Number(s):
    03 – 00 – 23790
    .

    Course Description:

    .

    In order to own and convey property in a market economy it is necessary for that property to be assigned a specific monetary value. This process, unlike, say, that of assigning value to durable goods-which have specific materials, production and marketing costs-can be somewhat more involved. With property, the fixed costs-building materials and labor costs-are always accompanied by more esoteric factors that go to make property more (or less) valuable. Becoming a member of the group that understands and applies these factors is a bit more complex than simply being able to understand a balance sheet.

    This course covers the theories, rules, duties and activities that guide the real estate appraisal process. An appraiser must also conduct him – or herself professionally, ethically and honestly. There are guidelines regarding professionally and ethically correct behavior of appraisers as well that are also covered by this course. The entire appraisal process should be carried out in the best possible way for consumers and licensees as well as the real estate market.

    Learning Objectives:

    • Understand the basics of and common terms relating to real estate value estimation and appraisal.
    • List the traits that a qualified appraiser must possess.
    • Identify the value principles applied in the appraisal of property.
    • Employ the value theories in the appraisal process to calculate the price at which property should be traded.
    • Identify the characteristics that a real estate market should have to promote trade of property.
    • Discuss the three value approach in detail.
    • Pursue the eight steps of real estate appraisal to reach a purchase price for a property.
    • Understand an appraisal report.
    • Know the difference between an appraisal certificate and license.

    Lesson Topics:

    Lesson 1: The Role of an Appraiser

    • Characteristics of a Reliable Appraiser
    • Qualifications of an Appraiser
    • Appraisal Employment and Job Functions

    Lesson 2: Federal Legislation and National Agencies

    • The Appraisal Foundation
    • FIRREA
    • USPAP

    Lesson 3: Value Principles

    • Price
    • Cost
    • Value
    • Value Principles and Theories

    Lesson 4: The Dynamics of the Real Estate Market

    • Market Influences
    • Elements that Create Value Criteria
    • Combining Market Characteristics with Value Determinates

    Lesson 5: Approaches to Appraisal

    • Land Value Approaches
    • Relationship between the Approaches

    Lesson 6: The Appraisal Process

    • Eight Steps to the Appraisal Process

    Lesson 7: Real Estate Practice

    • Completing a Residential Appraisal
    • Field Applications of Appraisal Material

    Passing Information – % Quizzes & % Final Exams
    70% for both pretest and final exam.

    3 $25

    Approved Course Number(s):
    04 – 00 – 102 – 17479
    .

    PROPERTY MANAGEMENT

    Course Description

    Property management is a special category of real estate work. The term “property management” generally refers to the group of services which an owner hires a professional property manager or management firm to perform. The quality of management directly affects the profitability of the property being managed. A skilled property manager thus protects the owner’s capital investment in real estate and makes sure that the property generates profit. In many cases, property managers must be licensed real estate brokers.

    We will cover a property manager’s basic functions, including administrative duties, leasing practices and the manager’s legal relationships with the owner and the tenants of the property. The course also discusses the way to construct a management agreement so that the manager and the owner clearly understand one another’s roles. Licensees will benefit from understanding the various types of property management, as well as the duties that successful property managers must perform.

    Upon completion of this course, the student will be able to.

  • Describe the purpose and the various kinds of property management.
  • Outline the manager’s legal relationship with the owner.
  • Identify the day – to – day tasks of the property manager.
  • Describe effective ways for a property manager to interact with tenants and potential tenants.
  • Recognize the various types of leases and leasing procedures.
    .

  • 4 $36

    Approved Course Number(s):
    04 – 00 – 102 – 17478
    .

    Course Description.

    One of the main ways that real estate licensees profit from real estate transactions is through listing agreements, or written contractual agreements between property owners and real estate licensees in which the licensee markets a property on behalf of an owner. Consequently, understanding the different types of listing agreements, what makes a listing agreement valid and who may enter into listing agreements with consumers is of specific importance to all licensees.

    In accordance with TREC rules Sections 535.71 and 535.72D, this module will help the student become familiar with the basic legal concepts and forms used in listing real property and the different types of listing agreements available. In addition, it presents an overview of the listing process through a step – by – step review of the basic listing form and contents.

    Although listing agreements vary from broker – to – broker and state – to – state, the underlying core content, form and most of the legal implications associated with them, remain the same. It is these core concepts that this course will address; and, consequently, upon completion of this course, the student will know how to successfully obtain listings (through prospecting and other means), how to maintain listings through quality representation and how to retain loyal clientele and gain referrals for future business.

    The conclusion of this module presents real world dilemmas and applications of the information presented. As you complete this module, try to keep in mind how it will impact your role in the field as a real estate licensee, and how you assist consumers.

    Learning Objectives

    Upon completion of this course, the student will be able to.

    • Describe the broker/owner relationship.
    • Outline the legal aspects of the broker/owner relationship and other responsibilities created by listing agreements.
    • Identify various types of listing agreements and explain the differences they make in a business relationship.
    • Explain the listing process and the basic marketing strategies needed to obtain listings.
    • Describe the basic concept of Comparative Market Analysis (CMA) and the process involved in preparing one.
    • State the basic content and form of a listing agreement.
    • Name other forms typically executed along with a listing agreement, including forms required by federal law and others required by most states.
    • Describe marketing strategies needed to obtain a buyer while maintaining customer loyalty.

    Regulatory Requirement

    Our staff works diligently to provide you with an analysis of current mandates and legislation that affects you the licensee. All information pertaining to the Mandatory Continuing Education requirements can be found on the State Requirements page. You can find the link to this page on the upper Navigation bar on the Course Catalog.

    Course Completion

    Affidavits can be found by clicking the Help link in the navigation bar on the Course Catalog. The affidavit will also be available to print upon course completion.

    Testing

    Quizzes – There is a quiz at the end of each lesson to test comprehension of the subject matter.

    Final Exam – Passing Grade 70%. You can take the final three times.

    About The Subject Matter Expert

    Course designed, written and maintained by 360Training. Course material questions can be directed to our Instructor of Record at Instructor.RE@360Training.com. Instructional support questions are returned within 24 business hours with answers provided by a qualified professional in your field through our network of subject matter experts.

    Support

    If you have any requests for technical support please contact the 360Training Support Department located in the HELP section of your account profile. Technical support inquiries are handled immediately.

    4 $36

    Approved Course Number(s):
    03 – 00 – 123 – 23789
    .

    Course Description

    This course discusses liens, taxes and foreclosures. There are many types of liens, as well as several kinds of taxes, that can attach to a parcel of real estate. When borrowers default on a debt, foreclosure is the process by which lienholders collect the unpaid portion of a debt. Because liens represent an interest in real property, it is crucial that real estate licensees develop an in – depth understanding of liens and lien – related issues. Such knowledge also helps licensees to better advise buyers and sellers.

    The first lesson presents a general overview of liens. It explains the classification of liens and discusses the types of non – tax liens. Lesson two discusses taxes and tax issues, including ad valorem taxes, real estate tax computation, special assessments, real estate transfer taxes, federal income taxes, capital gains taxes and tax shelters for homeowners and investors. It also discusses the priority of liens. Lesson three addresses the methods of foreclosure, redemption, deficiency judgments, tips for homeowners facing foreclosure and fraudulent behaviors related to foreclosure.

    The conclusion of this course presents real world dilemmas and applications of the information presented.

    Learning Objectives:

    • Define the terms lien and tax lien and understand their operations.
    • Recognize the different types of liens and know how their priority is established.
    • Identify and describe types of non – tax liens.
    • Understand how ad valorem taxes and special assessments are levied.
    • Know how homeowners and investors can save on federal income taxes and capital gains taxes through the use of tax shelters.
    • Describe and list different types of foreclosures.
    • Recognize alternatives to foreclosure and common scams related to foreclosure.

    Lesson Topics:

    Lesson 1: Liens

    • Lien Defined
    • Mortgage Theories
    • Lien Classification
    • Types of Non – Tax Liens

    Lesson 2: Taxes

    • Tax Classifications
    • Ad Valorem Taxes
    • Special Assessments
    • Lien Priority
    • Real Estate Transfer Taxes
    • Federal Taxes
    • Tax Liens
  • Lesson 3: Foreclosures
    • Lien Priority and Foreclosure
    • Types of Foreclosure
    • Redemption
    • Deficiency Judgments
    • Tax Lien Enforcement
    • Tips for Homeowners Facing Foreclosure
    • Foreclosure Alternatives
    • Foreclosure and Fraud
  • Lesson 4: Real Estate Practice

    • Insight into Liens, Taxes and Foreclosures
    • Field Applications of Liens, Taxes and Foreclosures

    Passing Information – % Quizzes & % Final Exams
    70% for both pretest and final exam.

    3 $25

    Approved Course Number(s):
    03 – 00 – 102 – 17477
    .

    Liens, Taxes and Foreclosures
    This module discusses liens, taxes and foreclosures. There are many types of liens, as well as several kinds of taxes, that can attach to a parcel of real estate. When borrowers default on a debt, foreclosure is the process by which lienholders collect the unpaid portion of a debt. Because liens represent an interest in real property, it is crucial that real estate licensees develop an in – depth understanding of liens and lien – related issues. Such knowledge also helps licensees to better advise buyers and sellers.

    The first lesson presents a general overview of liens. It explains the classification of liens and discusses the types of non – tax liens. Lesson two discusses taxes and tax issues, including ad valorem taxes, real estate tax computation, special assessments, real estate transfer taxes, federal income taxes, capital gains taxes and tax shelters for homeowners and investors. It also discusses the priority of liens. Lesson three addresses the methods of foreclosure, redemption, deficiency judgments, tips for homeowners facing foreclosure and fraudulent behaviors related to foreclosure.

    The conclusion of this module presents real world dilemmas and applications of the information presented. As the student completes the module, he or she should try to paint a big picture of the issues surrounding liens, taxes and foreclosures, which the module addresses with comprehensive questions, activities and case studies.
    .

    3 $25

    Leases

    Approved Course Number(s):
    04 – 00 – 102 – 17476
    .

    Course Description

    Leased property makes up a large portion of the national real estate market.
    Licensees may encounter the special issues pertaining to leased property as property managers or as rental agents and brokers. The lease contract requires the participation of only a lessor and lessee in order to be valid, but property managers, rental agents, brokers and lawyers may act as representatives or consultants in the process of negotiating, signing and fulfilling the lease agreement.

    This is an introduction to the financial option of leasing. The course presents the student with a comprehensive study of residential and commercial leases, describes the various types of leases and explains the characteristics of lease agreements. The process of lease origination, execution and termination are covered in depth.

    The course also describes leases in the context of landlord and tenant law. It explains the importance and the usage of lease agreements in drafting and executing a rental agreement.

    This Leases Course utilizes interactive technology and audio in an appealing way to facilitate the learning of the leasing process.

    At the conclusion of your study material, you should be able to.

  • Understand the importance of the rental market within the national housing market
  • Describe what a lease is and who the signatories on a lease contract are
  • Explain the characteristics that make a lease legally enforceable
  • Identify and explain the terms and elements of a lease agreement
  • Differentiate between the different types of tenancy agreements and their respective characteristics
  • Be able to calculate lease amounts for gross, net and percentage leases
  • Understand the landlord’s rights and responsibilities in a lease agreement
  • Understand the tenant’s rights and responsibilities in a lease agreement
  • Comprehend the importance and validity of the Federal Fair Housing Act
  • Explain the key characteristics of the Uniform Residential Landlord Tenant Act of 1972
  • Differentiate between commercial and residential leasing
  • Understand the different types of commercial lease agreements
  • Understand the applicative nature of the Americans with Disabilities Act within commercial leasing
  • Identify the various ways in which a lease agreement may be terminated
  • Describe causes of termination
  • Describe eviction procedures
    .

  • 4 $36

    Approved Course Number(s):
    03 – 00 – 102 – 17475
    .

    HOME INSPECTION

    Course Description

    As the market becomes more competitive, only a business comprised of well – rounded licensees who provide comprehensive advice will continue to stand out. This course instructs real estate licensees on the basics of home inspection. An understanding of this information will allow the student to serve his or her clients and customers better.

    This course presents an overview of the home inspection business and explains how it fits into the real estate industry as a whole. In addition, the course covers the regulatory bodies and professional organizations associated with home inspection. At the conclusion of this course, the student will understand the methods used to inspect homes, will know what to look for when examining properties, both inside and out, and will understand the various types of inspection reports and the differences between them.

    Upon completion of this course, the student will.

  • Understand the development of home inspection in the inspection business.
  • Appreciate an inspector’s role at closing in residential sales transactions.
  • Know the tools needed and conduct expected in the field.
  • Distinguish various field report styles and know the benefits and drawbacks to each.
  • Understand an inspector’s professional liability.
  • Recognize the steps in the examination process.
  • Identify common misconceptions about home inspection.
  • Value membership to a reputable, non – profit home inspection organization.
  • Know the extent of home inspection legislation.
  • Appreciate the different ways states regulate the home inspection industry.

  • 3 $25

    You must complete your MCE at least 4 days prior to renewing your license to avoid a deferral fee. Effective January 1, 2015, if Commission records do not show that you have completed your CE at the time you submit your renewal application, you must pay a $200 CE deferral fee, or renew in INACTIVE status. Paying the deferral fee will allow you to continue to be active in real estate activities and give you an additional 60 days from your expiration date to complete your CE. Read more at TREC: http://www.trec.state.tx.us/education/mce_faq.asp

    Our Texas real estate MCE and SAE online courses meet the requirements of the Texas Real Estate Commission. Prior to September 1, 2012, some salespersons under the Salesperson Annual Education (SAE) requirements were to complete courses on an annual basis. On September 1, 2012 and after, salespersons will be required to complete their education renewal requirements during the two year license term. All active and inactive salespersons, who are under the Salesperson Apprentice Education (SAE) requirement, must show evidence of having completed a minimum of 90 hours in core real estate education during the two year license term, so that a total of 270 classroom hours have been completed by the end of the second year of licensure.

    Evidence of successful course completion must be posted to the TREC computer system prior to the online renewal process or the license will expire. Evidence of course completion cannot be submitted during the online renewal process. You must submit your hours at least 10 days prior to the date you wish to renew online. Renewal must be completed online at http://www.trec.texas.gov

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