New York 22.5 Hour Package C Continuing Education #C06650
N.Y. 22.5 Hours Package C
22.5 HRS. PACKAGE C
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 reqired 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
ESTATES AND INTERESTS
· Introduction
· Types of property
· Economic and physical characteristics
· Freehold and leasehold estates
· Types of ownership
* No Partial Credit can be given for this course