A,C,E,FH,I,L – NEW YORK 22.5 HR PACKAGE 6 #C06716
N.Y. 22.5 Hours Package 6
COMMERCIAL AND INVESTMENT REAL ESTATE
· Introduction and key terms
· Understanding the profession
· Definition of types of commercial real estate
· Risk vs. return
· Financing the property
· Zoning and land use
· Nature of real property
· Eminent domain and escheat
· The appraisal processes
· Buying vs. leasing for the investor
· Terms and conditions of commercial leases
· Anatomy of commercial real estate transactions
· Investment considerations
AVOID PROBLEMS, MANAGE RISK THROUGH ETHICS
· Introduction to risk management
· NAR Code of Ethics and Standards and Practices
· Laws and regulations
· Law of agency
· Documents and disclosures
· Fraud and misrepresentation
· Lead paint effects and disclosure
· Anti-trust laws and enforcement
ANTI-DISCRIMINATION AND FAIR HOUSING This section meets the required 3 hrs.of Fair Housing
· Discrimination, in the beginning
· Prohibited practices
· Megan’s law
· Responsibility of brokers and salespeople
· Legacy of segregation
· Case Studies
LAW OF AGENCY This section meets the required 1 or 2 hrs. of Agency
· Agency and agency agreements
· Fiduciary responsibilities of the licensee
· Dual agency
· Buyer brokerage
· Who is my customer/client?
· Vicarious liability
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