Principles and Practices of Real Estate (VA, 60 hrs)

~~$249.95~~ $149.95

Course Features

Interested in getting the material to prepare for the Virginia Real Estate exam and the certificate that allows you to take the exam? You're in the right place.

Course Features Include:

State-Approved by the Virginia Department of Professional and Occupational Regulation (DPOR)
High-quality, professionally narrated
Getting started is fast, easy and convenient
Complete the coursework online and at your convenience - Available 24/7
Instructor with over 40 yrs experience in real estate and decades teaching courses in multiple States
Comprehensive quizzes and practice exam
Well-received and reviewed by others - many continue with us for their continuing education needs
Helpful, courteous customer service staff available online, by email or phone
Prompt reporting to the State
Overwhelmingly positive feedback from students

Students have 6 months in which to complete this 60-hr course. Per State reqeuirement, the course's final exam is proctored. Students must email REMI to schedule the proctored exam a minimum of 3 weeks ahead of time.

Requirements for Licensure

Hours	60

Course Topics

*This Narrated course includes the following subject areas:

The Real Estate Business
- An Introduction to the Real Estate Business
- Real Estate Brokerage
- Development and Construction
- The Role of Government
- Professional Organizations
License Law and Qualifications for Licensure
- Statutes and Rules Important to Real Estate
- General Licensing Provisions
- Sales Associate Qualifications for Licensure
- Post-Licensing Education
- Continuing Education
- Broker Requirements
- Registration and LicensureReal Estate Services
- Individuals Who Are Exempt from a Real Estate License
License Law Administration
- Real Estate Commission
Brokerage Relationships and Ethics
- Law of Agency
- Misrepresentation and Fraud
- Professional Ethics
- Sales Associate to Broker
Real Estate Brokerage Operations
- Brokerage Offices
- Advertising
- Escrow or Trust Accounts- General Rules
  - Broker Held
  - Attorney/Title Company Held
- Rental Information and Lists
- Broker's Commission
  - Anti-Trust Laws
  - Lien Law on Real Property
  - Sales Associate Commission
- Kickbacks
- Change of Employer
- Types of Business Entities That May or May Not Register
  - Sole Proprietorship
  - Partnerships
  - Corporation
  - LLC- Limited Liability Company
- Trade Names
- Unlicensed Assistants
Complaints, Violations, and Penalties
- Complaint Process- Seven Steps
- Violations and Penalties
  - Grounds for Denial
  - Grounds for Suspension
  - Grounds for Revocation
- Types of Penalties
- Real Estate Recovery Fund
- Legal Terms to Know
- Disciplinary Guidelines
Federal and State Housing Laws
- Federal and State Fair Housing Law
- Federal Laws Regarding Land and the Environment
- Federal Laws Regarding Mortgage Lending
Property Rights: Estate, Tenancies, and Multiple Ownership Interests
- The Nature of Property
  - Physical Components 4
  - Personal Property
- General Property Rights
- Estate and Tenancies
  - Fee Sample
  - Life Estate
  - Tenancy at Will
  - Tenancy at Sufferance
  - Tenancy in Common
  - Joint Tenancy
  - Tenancy by the Entireties
- Homestead
  - Protection of Homestead
  - Tax Exemption
- Cooperatives, Condominiums, and Time Sharing
Titles, Deeds, and Ownership Restrictions
- Title to Real Property
- Acquiring Legal Title
  - Voluntary Alienation
  - Involuntary Alienation
  - Types of Notice
  - Condition of Title
- Deeds
  - Clauses- Deed
  - Statutory Deeds
  - Special Purpose Deeds
- Ownership Limitations and Restrictions
  - Easements
  - Leases
  - General and Specific Liens
  - Public/Government Restrictions
  - Deed Restrictions
Legal Descriptions
- Purposes of Legal Descriptions
- Types of Legal Descriptions
  - Metes and Bounds
  - Lot and Block
  - Government Survey System
  - Math- Legal Description
- Real Estate Contracts
  - Preparation of Contracts
  - Essentials of a Contract
  - Statute of Frauds
  - Statute of Limitations
  - Transfer of Real Property
  - Contract Categories
  - Contract Negotiation
  - Termination of Contracts
  - Contracts Important to Real Estate
    - Listing Contracts
      - Brokers Compensation
    - Buyer-Broker Agreement
    - Option Contracts
    - Sale and Purchase Contracts
    - Mandatory Disclosures
      - Material Defects
      - Radon Gas
      - Lead-based Paint
      - Energy Efficiency Brochure
      - Home Owners Association
      - Property Tax
      - Building Code
- Real Estate Finance
  - Legal Theories of Mortgages
  - Loan Instruments
  - Mortgage Clauses
  - Types of Mortgage Loans
    - FHA
    - VA
    - Conventional
  - Methods of Purchasing Mortgaged Property
  - Other Types of Financing
  - Qualifying the Buyer
  - Math- Finance
- The Mortgage Market
  - The Mortgage Market and Money Supply
  - Federal Regulatory Bodies
  - Primary Mortgage Market
  - Secondary Mortgage Market
  - Mortgage Fees
- Computations and Title Closing
  - Math- Computations
  - Closing Statements
- Estimating Real Property Value
  - Appraisal Regulation/USPAP
  - Market Value
  - Approaches to Estimating Real Property Value
    - Sales Comparison Approach
    - Cost-Depreciation Approach
    - Income Capitalization Approach
  - Comparative Market Analysis (CMA)
  - Broker Price Opinion (BPO)
- Product Knowledge
  - Lot Types
  - Structural Elements
- Real Estate Investment Analysis and Business Opportunity Brokerage
  - Real Estate as an Investment
  - Analyzing Investment Properties
  - Assessment of Risks
  - Leverage
  - Business Brokerage 5
- Taxes Affecting Real Estate
  - City and County Property Taxes
    - Math- Taxes
  - Federal Income Taxes
- The Real Estate Market
- Planning and Zoning
  - Local Planning Agency
  - The Planning Process
  - Zoning Laws and Code Enforcement
Virginia Licensing and Regulation
- Code of VA; VA Administrative Code
- The Virginia DPOR
- The Real Estate Board
- Virginia Code - Key Terms
- Virginia Code Violations
- Disciplinary Procedures & Sanctions
- Activities Requiring a License
- License Types and Requirements
- License Maintenance
Virginia Brokerage Regulation & Disclosures
- Broker-Salesperson Relationship
- Broker’s Supervisory Requirements
- Death or Disability of Principal Broker
- Escrow Accounts
- Place of Business
- Recordkeeping Requirements
- Advertising
- Non-Agency Disclosure Requirements
Virginia Agency and Agency Disclosure
- Virginia Agency-Related Definitions
- VA Agency / Brokerage Relationships
- VA Agency Disclosure Requirements
- VA Agency Duties & Statutory Duties
Virginia Sales Contracts
- Contract Form
- Contracting Procedure
- Buyer Protections
Fair Housing and Other Virginia Laws
- VA Fair Housing Law and Regulations
- VA Residential Landlord-Tenant Act
- VA Common Interest Communities Act
- Virginia Property Owner’s Assn. Act
- VA Condominium Act and Regulations
- Virginia Real Estate Cooperative Act
- Virginia Time Share Act
- VA Utility Damage Prevention Act
- Other Virginia Practices

*Topics subject to change per Commission requirements and at Instructor's discretion