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Washington Real Estate CE

Complete your Washington real estate continuing education requirements. Our courses are designed to help you fulfill your CE credits for your Washington 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.

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Course Title Hours Price

Course Description

This course will give the student a broad overview of Homeowner’s Association Management. It starts by showing the manager how to set up a non – profit association and the legal documents required. The board of directors and their role in running the association, drawing up bylaws and how the board operates are covered thoroughly. The course also covers CC&Rs and other restrictions and laws that all managers need to know. Resolving disputes through litigation and non – litigious means round out the course.

Learning Objectives

  • Differentiate between “separate interest” and “common area”;
  • List what is included in the purchase of a condominium; and
  • Explain the importance of a homeowner or community association.
  • Explain what disclosures the seller must make to the buyer;
  • Recognize what a buyer is getting in a ‘separate interest’;
  • Interpret what is included in ‘common areas’;
  • Describe what is owned, i.e. walls, appliances, plumbing, wiring, etc.; and
  • Predict when a homeowner’s association charges a fee to the seller.

Passing Information – % Quizzes & % Final:
100% Quiz/70% Assessment.

12 $99

Identifying environmental hazards and how they affect the real estate industry is the basic goal of this course, including environmental factors that may require a disclosure statement. Other topics covered are air quality, radon, asbestos, urea formaldehyde foam insulation, mold, ground water, smart growth, and green housing. Students will learn about the major health effects and remedies of these substances, as well as ways of preventing or eliminating biological pollutants.

Course Outline
Environmental Hazards: Indoor Pollutants and Formaldehyde
Asbestos and Lead
Mold
Radon, Ground Water, and Underground Storage Tanks
Hazardous Waste and Brownfields
Wetlands
Smart Growth: Part I
Smart Growth: Part II
Green Housing: Part I
Green Housing: Part II

Learning Objectives

  • List common environmental hazards that require disclosure in a listing agreement; Summarize ways real estate licensees can minimize liability and still fulfill their duties to clients; Discuss sources of pollution that affect indoor air quality; Explain why urea – formaldehyde foam insulation (UFFI) may be a problem to certain people; Identify the major health hazards of formaldehyde
  • Identify the major health effects of exposure to lead and asbestos; Recognize the types of materials that contain asbestos; List sources of lead poisoning; Illustrate what must be disclosed to buyers/sellers when lead contamination is suspected
  • Explain what mold is, the conditions under which it grows, the steps to its prevention, and how to get rid of it; Analyze the health effects of mold exposure; Diagram the steps licensees can take to reduce toxic mold liability; Plan for what real estate professionals can do when microbial contamination is suspected on a property; Summarize the provisions of the proposed Federal Toxic Mold Bill H.R. 5040, otherwise known as the Melina Bill
  • Identify the major health effects of exposure to radon; Name the various ways to test for radon and know what questions to ask when radon pollution is suspected in a home; Recognize sources of groundwater contamination; List clues real estate licensees can look for when inspecting properties for possible underground storage tanks; Follow the testing methods for leaking underground storage tanks
  • Recognize signs of a hazardous waste dump site; Discuss brownfields and why their cleanup and redevelopment is important; Cite the legislation which governs brownfields and explain the intent of the legislation; Identify who is liable for the cleanup costs of a brownfield, who is responsible for the revitalization, and who is exempt from the restoration laws
  • Illustrate the functions of wetlands and the importance of wetland remediation; Classify the unique characteristics of different wetland types, specifically marshes, swamps and bogs; Evaluate the various landowner assistance programs available to wetland owners; Relate the position held by NAR in regards to wetland legislation; Identify the entities who regulate the management and use of wetlands
  • Discuss courses of action a buyer could take when an environmental hazard is found on a property; Describe and explain the responsibilities a licensee has to a client when conducting a real estate transaction, such as disclosure of noted potential environmental hazards; Delineate the kinds of projects for which loans are offered by the Clean Water State Revolving Fund program; Elaborate on what smart growth is and why it is important; Recite the key points of the relationship between smart growth and both environmental protection and business
  • Analyze the costs of sprawl and the results of poorly managed growth; Enumerate the key features of smart growth that simultaneously protect environmental assets, build community livability, and encourage economic development; Evaluate the real estate professional’s role in promoting smart growth and becoming an advocate for increased quality of life
  • Elaborate on buyer demand for healthy homes, how to sell them and cost comparisons of green homes versus traditional ones; List the four main causes of poor indoor air quality; Summarize the potential dangers of modern materials used in construction
  • Relate the components of energy efficient houses and list some of the green features in newly built homes; Recognize that real estate professionals should be able to help clients make the best decision about buying a home which will cost less in terms of energy use; Distinguish how building green healthy homes can increase the buying power for a homebuyer and increase selling power, as well, by making older homes more appealing; Measure energy ratings and energy efficient mortgages

10 lesson assessments.

1 post assessment.

6 $55

Course Description

This course introduces real estate laws and practices specific to the state of Washington. Students will learn about important acts that have shaped the industry, including the Foreclosure Fairness Act, the Residential Landlord – Tenant Act, and the Uniform Regulation of Business and Professions Act, among others. This course will also provide much – needed insight into issues that are becoming more and more prevalent in today’s industry, including ethical issues such as flipping and the problems associated with recommending third party vendors. Students will also learn about how new media is reshaping advertising in an exciting way, while also creating a host of new legal issues.

Topics Covered

  • Legislative/Legal Updates
  • Short Sale/Foreclosure
  • REO/Asset Management
  • Assistants & Unlicensed Guidelines
  • Advertising
  • Additional Information You Should Know

Passing Information – % Quizzes & % Final:
100% Quiz/No Final Exam.

3 $30

Course Description

Basic Contract Law: Forms, Disclosures, Agency, Title Insurance
Contract Writing: Types of Contracts
Contract Writing: Fraud and Misrepresentation
Contract Writing: Termination of Contracts
Contract Writing and Sales

Learning Objectives

  • Define the term “contract”; Describe the elements which a valid contract must include; Discuss standardized forms most commonly used in real estate; Describe the need for clarity of parties’ intention in contracts; Identify common changes to contracts; Explain fiduciary duty and breach of contract; Indicate the common “buzz words” which deserve special attention
  • Describe oral, implied, and written contracts; Define ambiguous contracts and how they are handled by courts; Discuss equitable title, consideration, legal capacity, offers, and counteroffers
  • Define reality of consent and legality of object; Identify fraud and misrepresentation; Evaluate mistakes of fact and law, undue influence and duress; Classify void, voidable, and executory contracts
  • Describe bilateral and unilateral contracts; Define executory contracts and their discharge and termination; Explain accord, satisfaction, novation, rescission, specific performance, and liquidated damages
  • Define terms and conditions of offers to purchase; Describe earnest money; Explain land contracts; Define mortgages; Describe due on sale; Discuss options and the right of first refusal

5 lesson assessments
1 post assessment.

Passing Information – % Quizzes & % Final:
Quizzes 100%, Final Exam 70%.

wa.

3 $30

Course Description

Despite limited resources and the potential for violent conflict, nature evolved powerful strategies that resulted in a progression of increasingly complex and productive communities. Those principles, applied to the real estate industry, mandate a system of ethics that results in greater and more sustained professional productivity and significantly improves quality of life in our work environment, homes and communities. This course is designed to inform practicing and prospective real estate professionals about the tested and proven ethical strategies, applied to the real estate professional community, that make communities increasingly industrious and fruitful. This course also helps students understand ‘productivity’ in a human community, as well as the principle to advance and sustain such productiveness. These strategies lead to a system of ethical principles that will improve the quality and prolificacy of one’s professional practice and personal life.

Learning Objectives

  • Discuss the tested and proven ethical strategies that make communities of any kind increasingly productive;
  • Explain how ethical principles apply to the real estate professional community;
  • Define “productivity” in a human community; and
  • Indicate how to improve the productivity of professional practices and the quality of the professional and personal lives of real estate professionals.
  • Discuss the basic strategies for promoting productivity in both natural and human communities;
  • Recall motivation to be productive;
  • Explain the challenges of conflict mitigation;
  • Summarize the concepts of differentiation, specialization, and cooperation; and
  • Describe how these strategies translate to ethical practice in the real estate professional community.
  • Discuss how productivity promotion strategies are applied;
  • Summarize the different ways people cooperate;
  • Explain productive orders, systems, and investments; and
  • Recognize the importance of the conservation of resources.

Passing Information – % Quizzes & % Final:
100% Quiz/70%Assessment.

3 $30

Course Description:

Bad Loans will delve into predatory lending practices and common mortgage fraud schemes. Students will learn to identify and avoid predatory lenders’ and fraud perpetrators’ tactics. The course examines the lines on mortgage forms, good faith estimates, fees, discounts, prepayment penalties, and how these items are used by predatory lenders. This course also features valuable information about dealing with issues such as late charges, tax reserves, property insurance, foreclosures, and note modification. Then students will explore popular mortgage fraud schemes and examples from real cases. Fraud tools such as flipping, straw sellers and buyers, “No Doc” loans, silent second mortgages, and false money will also be discussed.

Course Outline

– Predatory Lending: Part 1
– Predatory Lending: Part 2
– Predatory Lending: Part 3
– Mortgage Fraud: Part 1
– Mortgage Fraud: Part 2
– Mortgage Fraud: Part 3
– Mortgage Fraud: Part 4

Learning Objectives

  • Describe how to avoid being burned when borrowing money; Discuss how to avoid tricks, scams, plots, schemes and deceptions; Illustrate how unscrupulous lenders get you to sign on the dotted line
  • Explain each line on forms used in mortgage lending; Identify fees & discounts and how they’re used by predatory lenders; Describe the Truth – In – Lending Act; Define prepayment penalties, assumptions, and promissory notes used in mortgage lending
  • Illustrate how to communicate with a loan officer;
  • Demonstrate how to deal with issues such as late charges, tax reserves, property insurance, foreclosures, and note modification; List common predatory lending practices; Indicate the borrowers who are more likely to be the target of predatory lending; Identify the areas where scams are more likely to occur; Recognize popular predatory lending techniques
  • Recognize when a property is being illegally flipped; Identify when straw sellers and straw buyers are being used to commit fraud; Interpret the legal use of a quitclaim deed
  • Recognize fraud using shell companies as straw buyers; Predict the need for an escrow account when repairs need to be made to a property; Recognize when straw buyers are used to obtain “No Doc” loans; Describe how straw buyers use false ID to obtain forgiving second mortgages; Discuss the importance of disclosing a silent second mortgage
  • Explain how straws obtain false money; Illustrate how fraud occurs without an attorney at closing; Describe how “flipping a neighborhood” works; Recognize fake comparables
  • Evaluate how perpetrators move money out of deals to themselves; Identify when false documents are being used, such as HUD – 1, quitclaim, and security deeds; Discuss how bankruptcy is used to avoid foreclosure
  • 7 lesson assessments
    1 post assessment.

    3 $30

    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.

    Course Outline
    Charting the Course
    Six ‘Mythunderstandings’ Between You and High Achievement
    The Nine Ways the Millionaire Real Estate Agent Thinks: Part I
    The Nine Ways the Millionaire Real Estate Agent Thinks: Part II
    Earn a Million: Part I
    Earn a Million: Part II
    Earn a Million: Part III
    Net a Million
    Receive a Million

    Learning Objectives

    • Summarize how success can be achieved; Discuss the importance of goal setting; Explain how to implement effective foundational models; Diagram how to break through the achievement ceiling; Describe the three L’s of a real estate agent; Identify the four stages of growth
    • Identify the six myths about high achievement; Recall six truths about success in real estate
    • Identify the six myths about high achievement; Recall six truths about success in real estate Identify the six myths about high achievement; Recall six truths about success in real estate
    • Discuss the ways a millionaire real estate agent thinks; Demonstrate how to think competitively and strategically; Indicate the basic difference between low achievers and high achievers; Recall the importance of standards; Summarize the three levels of the service approach; Explain the 80: 20 Rule; Differentiate between lead generation and lead receiving; Analyze the virtues of seller listings; List the eight goal categories of the millionaire real estate agent
    • Explain the economic model and how it pertains to real estate success; Demonstrate how to use the Lead Generation Model, including prospecting and marketing, database marketing, systematic marketing, and how to focus on listing
    • Summarize the three key areas of the Budget Model; Discuss the three key areas of the Organizational Model; Review the four models
    • Demonstrate a millionaire’s view on each of the four models; Discuss a real estate agent’s cost of sales and operating expenses; Explain the millionaire agent lead generation model; Diagram the budget model; Summarize the three areas of staffing; Compare the nine major compensation options
    • Differentiate between earning and netting a million;
    • Discuss the importance of a lead generation program; Calculate the minimum number of seller listings that must be listed each month; Explain the systems documentation model of the millionaire real estate agent; Identify how to create teamwork; Summarize ways to control costs
    • List the four issues of receive a million; Explain how to work on the business, not in the business; Differentiate between active and passive income; Indicate the three key hires and their roles and responsibilities; Discuss the importance of accountability; Recall the five simple steps for putting it all together; Summarize the Millionaire Real Estate Energy Plan

    9 lesson assessments.

    1 post assessment.

    6 $55

    Course Description

    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.

    • Analyze and put current global and U.S. water use in the context of water supply;
    • Discuss the Ogallala aquifer depletion, irrigation efficiency, and the effects of irrigation subsidies on irrigation efficiency
      Illustrate statistics involving proportion living near a coast and immigration to the U.S.; and
    • Discuss physical properties of water, water distribution, and movement around the world.
    • Diagram the history of the environmental movement in the U.S. and the genesis of environmental legislation;
      Illustrate point and non – point sources of water pollution; and
    • Summarize water quality standards.

    Passing Information – % Quizzes & % Final Exams Quizzes 100%, Final Exam 70%.

    3 $30

    This three clock hour course meets the state requirement under RCW 18.85.481(2) license renewal for those who became licensed prior to July 2010 and it must be completed by their first active renewal date on or after July 1, 2010. The course focuses on changes to the Washington Administrative Code (WAC) rules to include: Licensing Requirements, Duties and Responsibilities; Recordkeeping and Trust Accounting, Firms, and Property Management.

    3 $30

    This license law course examines the laws and rules governing the licensing and conduct of real estate professionals, as well as the role, structure, responsibilities, and duties of the Real Estate Commission. Students explore the real estate related activities that require a license, as well as the requirements for obtaining and renewing various real estate licenses. Licensee duties, agency relationships, unprofessional conduct, trust accounts, disclosures, and record retention are also discussed.

    Course Outline
    WA Residential Landlord – Tenant Act, Part 1
    WA Residential Landlord – Tenant Act, Part 2
    Real Estate License Law
    Licensing Processes
    Duties and Responsibilities
    Brokerage Service Requirements – Transactions and Recordkeeping
    Required Records
    Trust Account Procedures
    Agency Relationships and Duties
    Property Disclosures

    Learning Objectives

    • Identify the classes of people protected against discrimination in housing using state vs federal law; List unlawful discriminatory practices; Recognize who is not covered by this law; Describe types of rental agreements, illegal provisions; Compare landlord vs tenant responsibilities under this law
    • List the tenant’s options when rental property needs repairs; Describe prohibited landlord actions; Summarize the four types of eviction
    • Describe the general purpose of the license law; Explain how license laws and administrative rules are created and their differences; Describe the powers and duties of the Director of Department Licensing; Describe the powers and duties of the Real Estate Commission; Identify and describe the major grounds for disciplinary action against licensees.
    • Define broker, managing broker, designated broker, branch manager, and explain their differences; Describe the general licensing and application procedures for brokers and managing brokers; Explain the continuing education requirements and renewal process for all WA licensees; Identify the real estate activities that require a license and those that do not require licensure
    • List the specific responsibilities and duties associated with each license level and endorsement under each role as applicable (including supervision of teams and team responsibilities); Explain what a Designated Broker is and the duties are associated with the position; Indicate awareness of the fact that designated broker is ultimately responsible for conduct of licensees; Relate how a managing broker licensee becomes a designated broker; Identify supervisory responsibilities; Recall the requirement for a managing broker to “…provide a heightened level of supervision…” to brokers during their first 2 years of licensure; Recognize the responsibilities of the managing broker and the new broker; Describe tasks or duties which may be delegated to subordinates and how this process does not eliminate responsibility; Recite the requirement for the designated broker to maintain a written log of assignments, and to have delegation agreements signed by all parties; Describe the firm – licensee relationship, with emphasis on how the individual licensee is licensed to a particular firm; Explain the relationship between the licensee and firm, between the licensee and their designated broker, branch manager, or managing broker and what it means to be an affiliated licensee
    • State that “listings, sales, transaction files, and related documents” are the property of the firm; Identify the record keeping and transaction files requirements and the requirements for timely submission; Recall that the real estate broker shall be responsible for the custody, safety, and correctness of entries of all required real estate records; Recite that the designated broker retains this responsibility even though another person or persons may be delegated the duties of preparation, custody, or recording
    • Know the required trust account records the designated broker must keep
    • Duplicate receipt book or cash receipts journal recording all receipts; Differentiate between the procedures for how funds held in trust for real estate sales and business opportunity transactions are managed versus how brokers handle property management trust accounts
    • Explain the presumption of buyer agency in Washington; List the licensee’s duties to all parties and explain what licensees are not obligated to do;
    • Compare the duties of a seller’s agent versus buyer’s agent, and recite the duties of a dual agent relative to a buyer versus a seller; Identify when an agency relationship begins and ends; Define split or designated agency, material fact, vicarious liability, and imputed knowledge; Describe the contents of “The Law of Real Estate Agency” pamphlet
    • List what transferred residential real property the Washington Residential Seller Disclosure Law does not apply to; Discuss the seller’s duty in regards to a real property transfer disclosure statement; Explain the liability of a seller, licensee, or broker when an error, inaccuracy or omission is found in a real property transfer disclosure statement

    10 lesson assessments.

    1 post assessments.

    6 $55

    Course Description

    his course provides the student with an overview of the home loan process. Students will learn how to fill out a loan application and what information lenders require. Elements of conventional financing, loan – to – value ratios, and private mortgage insurance will be discussed. Then students will explore commercial loan products, construction loans, special purpose loans, and the loan needs of farmers and ranchers. The course also examines various kinds of alternative financing, adjustable rate mortgages, FHA and VA loans, purchase money mortgages, wrap – around financing, land contracts, lease/option plans, and other types of creative financing.

    Course Outline

    – The Loan Process
    – Conventional Financing: Part 1
    – Conventional Financing: Part 2
    – Commercial Loans: Part 1
    – Commercial Loans: Part 2
    – Alternative Financing: Part 1
    – Alternative Financing: Part 2
    – Alternative Financing: Part 3
    – FHA Loans
    – VA Loans
    – Purchase Money Financing
    – Land Contracts
    – Other Forms of Creative Financing

    Learning Objectives

  • List the four steps that make up the loan process; Illustrate how to fill out a typical loan application; Recall what information is required for lenders
  • Explain the functioning of conventional financing; Differentiate between amortized, partially amortized, and interest – only loans; Describe the standard for loans with less than 80% loan – to – value ratios; Explain the relationship between secondary financing and conventional loans
  • Explain the functioning of private mortgage insurance and its requirements; Describe the standard for loans with more than 90% loan – to – value ratios; Recognize what could potentially happen if one assumes the need for conventional loans
  • Define and list various commercial loan products; Recognize various financial statements and their relevance to the commercial loan process; Describe land loans, their requirements, and processing; Explain residential construction loans and their special issues
  • Define and list the various special – purpose buildings, and recognize the special loan requirements for each; Describe various lease instruments used commercially; Summarize how the special needs of farmers and ranchers are met by the commercial loan industry
  • Explain the use of discount points and their relationship to alternative financing; Describe how buy – down plans reduce interest and lower loan payments; State the limits and guidelines imposed on buy – down plans
  • Define adjustable rate mortgages; List the elements of an ARM loan; State the guidelines for ARM loans; Recall the disclosures that must be made for ARM loans; Predict the kinds of questions asked concerning ARM financing
  • Explain the functioning of growth equity mortgages; Describe and differentiate between a reduction option mortgage and bi – weekly loans; Define and list the various types of home equity conversion mortgages
  • Explain the function of Federal Housing Administration loans; List the features and characteristics of an FHA loan; State the requirements for an FHA loan; Describe the different FHA loan programs available
  • Explain the function of Veteran Administration loans; List and recall the VA Guaranty characteristics; Recall the process for qualification for a VA loan
  • Recognize the reasons for using seller financing; Define and describe purchase money mortgages; Describe the usage of purchase money financing on unencumbered and encumbered properties; Explain the usage for assumption and wrap – around financing
  • Define land contracts; Explain the usage for the three types of land contracts
  • List and explain the usage of other forms of creative financing; Explain the workings of a lease/option plan; State the responsibilities for brokers and agents involved with creative financing
  • 13 lesson assessments
    1 post assessment.

    6 $55

    Real estate mathematics can be very daunting and confusing. However, by beginning with a review of basic math skills and reinforcing what is already known, students will soon learn to apply real estate terminology and specific formulas to problems and tasks common in the real estate industry such as area and volume calculation, the Rectangular Survey System, the Metes and Bounds System, proration, commission rates, and property values. This course will help students develop the skills to complete a review of settlement costs and explain this information to clients.

    Learning Objectives

    • learn about the associated health risks;
    • identify how to recognize a meth lab; and
    • recall the history of methamphetamines.
    • explain what meth is and the differences between meth and cocaine;
    • recognize the signs of meth use;
    • interpret slang and terminology used on the street and by law enforcement;
    • describe how meth is used; and

    identify possible meth labs.

    6 $55

    Course Description

    This course explores the roles and practices of underwriters and appraisers as they qualify borrowers and properties for loans. Other requirements for loans, leases, and titles will also be discussed. The student will examine loan settlement procedures, the role of the Truth – in – Lending Act, and the effects of the Fair Housing Act and the Americans with Disabilities Act.

    Course Outline

    – Qualifying the Borrower: Part 1
    – Qualifying the Borrower: Part 2
    – Qualifying the Property: Part 1
    – Qualifying the Property: Part 2
    – Loans and Leases
    – Titles

    Learning Objectives

  • Explain how an underwriter determines the qualifications of a borrower for a loan; Name the underwriting standards used by the FHLMC and FNMA; Recall how these underwriting standards are utilized
  • Name the underwriting standards for loans used by the FHA; List the qualifying standards for loans used by the VA; Recall how these underwriting standards are utilized
  • Explain the role of appraisers in the lending process; Tell how appraisers use market value as part of the appraisal process; Describe the three appraisal methods used by Licensed and Certified Appraisers
  • Explain the importance of the appraisal process for lending agents and brokers; List the considerations used by residential appraisers; Name the conditions for other property types
  • Discuss home builder commitment methods; Expound upon the significance of loan – to – value ratios; Identify dollar limitation amounts for residential loans; Clarify the differences between various land leases such as unsubordinated ground leases, subordinated agreement leases, leasebacks, and build – to – suit leases; Recognize the role of the SEC in real estate transactions; Explain seller – financed mortgages; Define foreclosure, explain the reasons for it and describe the various types; Differentiate regulations for condominiums, cooperative apartments, and manufactured homes
  • List and define the three major types of legal descriptions for property; Identify land title requirements, loan settlement procedures and requirements, and the role of the Truth – in – Lending Act on these items; Explain how the ADA affects construction and remodeling; Describe the Fair Housing Act; Describe property characteristics
  • 6 lesson assessments
    1 post assessment.

    3 $30

    This property management course focuses on the operational aspects of running a property management firm. Students will learn how to analyze and manage liability risks and insurance and the security and safety responsibilities of a property manager. The course discusses the pros and cons of private maintenance companies, setting up a maintenance system, evaluating a property’s maintenance needs, and common maintenance problems that property managers deal with. Proper recordkeeping, promotion, and advertising are also covered. This course teaches students how to handle problem tenants, complaints, waiting lists, late rent, evictions, fair housing issues, and owner relations. The course also contains valuable information about the organization of a property management office, creating policy manuals, management costs and fees, the hiring process, employee management and evaluation, and what it takes to open and maintain a successful property management firm.

    8 $80

    Students will be introduced to the concepts, types, and approaches to value. They will learn about market value; selecting the best comparables when estimating real property value; and accurately determining square footage. This course addresses how to correctly make adjustments to value, market timing, and the reasoning and strategies as to why property sells.

    Course Outline
    Valuation
    Comparative Market Analysis
    Replacement Value
    Income – Capitalization Approach
    Cost Approach
    Comparables

    Learning Objectives
    Compare and contrast the three approaches to valuation; Describe the purposes and content of a comparative market analysis (CMA); Explain what comparables are used for and which to select when estimating real property value
    Analyze the factors affecting cost, price, and value; Identify the four characteristics necessary for real property to have value; Define key terms
    Estimate the value of properties using the cost method approach; Differentiate between the three forms of depreciation; Describe how replacement cost is determined
    Describe the income – capitalization approach to appraising the value of income – producing properties; Use the capitalization formula to calculate the value of a property; Explain the derivation of net operating income and how capitalization rates are calculated; Apply the gross rent multiplier
    Define the three classic approaches to value; and Explain a cost approach appraisal and when it is used.
    Describe a sales comparison approach appraisal; Follow the guidelines for when selecting comparable property; and Apply the “two in, one out rule.”.

    6 lesson assessments.

    1 post assessment.

    4 $40

    Human land use is one in a series of courses covering the many areas of Human Ecology. The emphasis here is to impart knowledge and understanding of the history of land use, ownership, controls, zoning, boundaries, view shed analysis, geology, land use conflicts, court decisions affecting land use, and the relationship between human quality of life and land ownership.

    Course Outline
    Land Use Controls: Part I
    Land Use Controls: Part II
    Land Description and Analysis: Part I
    Land Description and Analysis: Part II
    Land Description and Analysis: Part III
    Land Use and Conflicts:
    Part I
    Land Use Conflicts: Part II
    Land Use Conflicts: Part III.

    Learning Objectives

    • Define land and land use; Explain the four powers reserved by the state (taxation, escheat, eminent domain, and police power); Describe the various forms of ownership; Define taking; Explain the public control of land use; Summarize the history of land use regulation
    • Identify important court decisions affecting land use controls; Discuss the applications and effects of zoning on land use
    • Recall the current methods of describing and analyzing a property for any of a variety of uses; Define the boundaries of a property; Discuss site programming, analysis of site context and surrounding land use, and viewshed analysis; Differentiate between climate and weather; Identify sources of climate and weather information
    • Explain microclimate; Recognize the importance of water resources and watershed planning; Summarize the provisions of legislation regarding water pollution, public water systems, watershed planning
    • Discuss the importance of geology in the real estate profession; Summarize geologic hazards and natural disasters and their effects on land use; Explain to uses of soil surveys in the real estate industry
    • Explain the concept of highest and best use in the context of global sustainability; Identify the three essential elements of productive order in a sustainable human ecosystem; Describe the impact of mineral extraction and processing industries on ecosystems and land use
    • Discuss agricultural land use; Identify the impact of the world population and food supply on land use; Describe the effects of the world’s water shortage on the real estate industry; Explain global warming and its effects
    • Explain the problem of soil erosion; Discuss the challenges of farmland conversion; Describe growth management strategies; Summarize the New Urbanism and Smart Growth movements; Explain how land use affects real estate and quality of life

    8 lesson assessments.

    1 post assessment.

    4 $55

    Our real estate CE courses meet the requirements of the Washington Department of Licensing.

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