A,C,E,FH,I,L – NEW YORK 22.5 HR PACKAGE 3 #C06713

N.Y. 22.5 Hours Package 3

22.5 HRS. PACKAGE 3

LAW OF AGENCY This section meets the required 1 or 2 hrs. of Agency

·       Intro and key terms

·       Agency and Agency agreements

·       Types of Agency

·       Fiduciary responsibilities of the agent

·       Who is the customer/client?

·       Understanding and reviewing mandatory forms

·       Stigmatized properties, lead and disclosure

·       Compensation and by whom

·       Nar Code of Ethics, Standards and Practices

·       Anti-trust

·       Fraud and misrepresentations

·       Risk management

·       DOS lawsuits

ANTI-DISCRIMINATION AND FAIR HOUSING This section meets the required 3 hrs. of Fair Housing

·       A look at how discrimination began

·       Laws and exemptions

·       Other prohibited practices

·       Megan’s law

·       Guidelines and responsibilities

·       Enforcing the law

·       Working with buyers and sellers

·       Possible discriminatory situations

·       Case studies

PROPERTY MANAGEMENT

·       Introduction to Property Management

·       Types of property to be managed

·       Management agreement

·       Management plan including budgeting

·       Necessary skills for a property manager

BUYING AND MANAGING INVESTMENT PROPERTY

·       Getting started

·       Who will most likely succeed?

·       Risk vs. Return, Types of risk

·       Due diligence

·       Risk management

·       Financial/leverage/valuation

·       Highest and best use

·       Land use and zoning

·       Understanding property value

·       Basic concepts

·       Immobility and tangibility

·       Appraising

·       Flipping/short sale/exchanges

·       Advantages and disadvantages

·       Types of property managers

·       Responsibilities

·       Day to day functions of the property manager

·       Property management agreement

·       Reporting

·       Maintenance

Implicit Bias

·
Understanding concepts of bias

·
Understand how implicit bias forms

·
Recognize bias in legal system

·
Be able to understand how implicit bias happens
in real estate and advertising

Cultural Competency

·
Be able to understand cultural differences

·
Know why culture matters

·
Know how to become culturally competent

·
Understand how to create a culturally sensitive
real estate experience.

* No Partial Credit can be given for this course