Chapter 7 – Estates and Interests
The elements and characteristics of real property.
What constitutes real property and personal property.
The difference between freehold and leasehold estates.
Alternate ways people can take ownership of realproperty.
Take John's Classes Here - https://us02web.zoom.us/j/9425292516
John has been in the Real Estate and Finance industry since 1989.He started his finance career at American Funding a Brooklyn based mortgage Brokerage company. He became the manager for the Sheep’s head bay branch and Developed American Funding’s Commercial Department. It was John’s love of the complexity of commercial Finance that move him to seek out Commercial financing companies. He became a Managing director at Marine Merchant international bank based in Long Island to learn more about commercial and business loan financing. From there John moved to become a branch manager for GHMC, and then built a commercial Branch for All Money Mortgage Bankers before finding his home at Diversified financial.
He started Diversified Residential and Commercial Services 11 years ago after his partners retired, and holds his NY Real Estate Brokers license since 2004 and His Pennsylvania Brokers license since 2012. Diversified is a Full service real estate brokerage company and also a Commercial and residential mortgage brokerage company. John has financed 100’s of Millions of dollars of properties in 39 of the 50 states in the country, with his largest financing transaction to date of $22,800,000.
Mix and match any of our 3.75-hour and 7.5-hour classes to make up your required 22.5 hours.
https://zoom.us/j/3237166005
Chapter 8 – Land Use Regulations
How restrictive covenants are created and terminated.
The purpose of zoning and how it is classified.
Regulations related to the subdivision of land.
How land use regulations are enforced.
Agency
Chapter 9 – Construction Basics
Which building codes direct construction in New YorkState.
The requirements to complete a construction project.
The major systems that run a home, including heating,cooling, plumbing, electrical, and waste systems.
The mandated guarantees and warranties for newconstruction and renovations.
Chapter 9A – Environmental Issues and Property Concerns
What New York State environmental law requires.
Why the EPA was established and what it does.
What constitutes wetlands and why they are protected.
How to recognize common environmental hazards and howto deal with them.
The real estate professional’s obligations related toenvironmental issues.
Law of Agency (3.75 HRS)
Fiduciary Relationships/Agency/Listing AgreementObedienceLoyaltyDisclosureConfidentialityAccountabilityReasonable, Skill, Care and DiligenceAgent AuthorityGeneralSpecial UniversalAgent/ Broker RelationshipCreation of AgencyBroker/Agent Compensation Termination Of AgencyCompletion Expiration of TermsOperation Of LawMutual AgreementRevocation Agency AlternativesSingle AgencySeller’s AgentBuyer’s Agent SubagentBroker’s Agent
Dual Agency WrittenInformedConsensualIn AdvanceDesignated sales AgentsUndisclosed Dual Agency
Highline Residential
Cultural Competency For Real Estate
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Cooper & Cooper
Mr. Jordan Cooper, Partner: Jordan was a Top Producer at a large real estate firm for several years prior to co-founding Cooper & Cooper with his brother, Jeremy. Jordan served as an investment banker at Goldman, Sachs & Co. in the Financial Institutions Group. His deal experience includes several high-profile transactions, most notably the $3 billion demutualization & IPO of Prudential Insurance, and the $30 billion acquisition of Associates First Capital by Citigroup. Jordan graduated Summa Cum Laude from Harvard University with a degree in Economics.
Implicit Bias
What is bias?
Types of Implicit Biases:
Effects of bias:
What are Microaggressions and how can we deal with them when we commit one.
Implicit Bias in Real Estate, Government and the Real Estate Industry.
What can we do to respond and address our own implicit biases.
Chapter 10 – The Valuation and Process and PricingProperties
Differentiate between comparative market analysis andappraisals.
Discuss the definition of market value.
Explain the difference between value, price, and cost.
Explain how and why a SMA is used.
Explain the salesperson’s role in the valuation processand pricing properties.
List the three approaches to determining value.
Chapter 10-A – Real Estate Math
Measure square footage and acreage.
Calculate commission.
Calculate the net to seller.
Calculate annual interest.
Calculate percentage of profit and loss.
Chapter 1 – The Independent Contractor or Employee
Differentiate between employees and independentcontractors.
Identify the criteria that must be met to be classifiedas an independent contractor.
Describe state and federal laws related to independentcontractors.
Chapter 1-A – Real Estate License Law
List the different types of real estate licensecatergories.
Identify the types of real estate brokers licenses.
Explain the requirements to become a real estate brokeror salesperson.
Explain a broker’s responsibility to the salesperson.
Identify acts that could warrant the suspension orrevocation of a license.
Chapter 2 – Law of Agency
Describe ways in which an agency relationship iscreated.
Identify legal forms of agency in New York.
Define different types of agency relationships.
Explain circumstances that may terminate the agencyrelationship.
Identify the fiduciary duties an agent owes to aclient.
Chapter 15 – Municipal Agencies
The administrative divisions within New York State.
The roles and responsibilities of municipal agencies inNew York State.
How these agencies can help you as a real estateprofessional.
This tutoring class can only be taken online, and not in person.
Take Don's Classes Here - https://us02web.zoom.us/j/9930381930
Donald began his lucrative career in 1980 as a mortgagebroker, arranging real estate loans for residential and commercialclients. Through the years, he hasworked extensively in the mortgage, property management, and real estate industriesin New York City. In 2006, he became alicensed mortgage and real estate instructor, who has authored and obtained NYDepartment of State approval for over twenty different courses, with topicsincluding Real Estate Salesperson/Broker Licensing, Tax Liens, and Real EstateInvestment Strategies. Most notably, heco-authored the NMLS-approved textbook for the New York State-Licensed MortgageLoan Originators on the topic of continuing education requirement, which waspublished by Hondros Learning in 2013.
Donald’s approach to education integrates real-worldexperiences from his rich background and expertise in the fields of Mortgage,Property Management and Real Estate. Heteaches a variety of disciplines such as the Real Estate Salesperson LicensingCourse, Mortgage Loan Originator Licensing Course, and various ContinuingEducation courses.
Chapter 16 – Real Estate Taxes and Assessments
The purpose of property taxation.
Who may be exempt from property taxes.
How properties are assessed and by whom.
How to calculate property taxes.
How equalization affects property taxes.
The process property owners follow to challenge assessments.
We R New York
Chapter 11 – Human Rights and Fair Housing
Describe the evolution of fair housing laws.
Identify examples of discrimination.
Explain federal Fair Housing Laws and practices.
Define elements of the Americans with Disabilities Act.
Utilize acceptable advertising guidelines.
Identify implications of violation fair housingmandates.
Describe the elements of New York State law related tofair housing.
Recognize the authority of the New York Civil RightsCommission.
Chapter 17 – Condominiums and Cooperatives
What a condominium is, how it is developed, and how itoperates.
Considerations which condominium purchase andownership.
Requirements for the sale and purchase of cooperatives.
How condos and co-ops differ.
How a condop is created.
Agency Law: Basics (4 hrs)
Chapter 18 – Property Management
Licensing requirements for property managers in NewYork.
What skills are necessary to be a successful propertymanager.
What comprises the management agreement used to set upand support property management.
Which budgets and reports property managers mustdevelop and analyze.
How to effectively advertise, market, and lease managedproperties.
Chapter 12 – Contracts and Contract Preparation
Basic concepts of contract law.
The essential elements of a valid contract.
How the statute of frauds applies to contracts.
How contracts may be terminated.
What information is needed to prepare a sales contract.
Chapter 12-A – Leases
How to distinguish among the different types ofleasehold estates.
The purpose of different types of lease options.
How covenants affect lease contracts.
How leases may be terminated and when it is acceptableto begin the process of eviction.
The difference between rent control and rentstabilization.
License Law (4 hrs)
Chapter 19 – Commercial and Investment Properties 1
License requirements for commercial real estate.
Considerations for different types of investmentproperties.
How rent is calculated on commercial space.
How commercial leases are structured.
Operating a Real Estate Office (4 hrs)
Real Estate Finance (2 hrs)
Chapter 20 – Commercial and Investment Properties 2
Characteristics of real property investment.
How risk affects property investment.
The components of the cash flow model and how it isapplied to most investment opportunities.
How to evaluate the income potential of an investmentproperty and determine its value to an investor.
Course ObjectivesFor years, savvy investors and real estate professionals have been taking advantage of the Power of Asset Preservation. Now is the time to learn from these techniques!• Earn more commissions, better referrals and master new ways to market your services to real estate investors.• Dramatically improve your position in the real estate market• Learn how to get a better return on investments
Among the many topics, this class will include:
Income, Assets, Credit Analysis
Cooperative Approvals
New construction Condominium Approvals
Appraisals scrutinized
Disclosures make the process more transparent
Real Property Investment (4 hrs)
Chapter 13 – Overview of Real Estate Finance
What instruments are used to finance the purchase ofreal estate.
The difference between primary and secondary mortgagemarkets.
Types of primary mortgage lenders and their areas ofspecialty.
Methods by which a mortgage loan is repaid.
The purpose of private mortgage insurance and how itworks.
Indicators of predatory lending and how it can beprevented.
Financial Management (eg., budgets and record keeping) (Total 2Hrs)
Students Shall learn the about the following:
· Financial Controls.
· Engaging an Accounting Firm.
· Understanding Financial Statements.
· Budgeting.
Real Estate Finance (Total 2Hrs)
· Basics about lenders and security instruments
· What is the primary mortgage?
· Lien Theory vs. Title Theory
· The Mortgage Loan Origination process.
· Mortgage Bankers vs. Mortgage Brokers.
· What is predatory lending?
· The economy and the real estate market.
· The Secondary Market.
Is a pre-contract inspection necessary?
When is an architect or engineer necessary?
Is square footage relevant?
Combinations?
Issues impacting small co-ops and condos
Understanding the Co-op or Condo's finances:
Review of building financials
Management Questionnaire
Common Charge/Maintenance Increases and Assessments
Façade and Capital Improvements
Utilizing public data sources
Understanding the Offering Plan:
Review of Special Risk Factors
Review of the Property Description
Understanding Tax Abatements
Locating Amendment
Pre-qualifying the co-op or condo for Purchaser Financing:
Will lenders lend?
Understanding new lending requirements
Is insurance sufficient?
Should contracts contain funding contingencies?
What is the broker's duty of disclosure?
What is the broker's obligation to inspect the apartment?
How does dual agency impact disclosure?
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General Business Law (3 hrs)
· The Federal and State legal system.
· Difference between Criminal vs Civil law
· What is Judicial law?
· About the US Constitution
· Other categories of Law
· NYS Unified Court System
· The Uniform Commercial Code
· What are negotiable instruments?
Condominium Offering Plan - A Brokers Perspective
Corcoran is so much more than a full service real estate firm. We're a group of talented people with a passion for finding the best way of living. People who make every effort to help you live who you are. This philosophy guides everything we do at Corcoran to help our clients find homes where they can come to life. For 45 years, we haven't just been around the block. We've been around nearly every block of New York City. In 2003, we expanded into the Hamptons and South Florida. Today we are affiliated with over 2,200 independent agents, have 25 offices and sales that have reached more than $21 billion annually.
Chapter 14 – Mortgage Basics
Types of mortgages and their particular uses.
Typical legal clauses found in mortgages.
The process of judicial foreclosure and the equitableright of redemption.
Lending regulations designed to protect borrowers.
What information is required on a loan application.
Qualifying standards for conventional, FHA-insured, andVA-guaranteed loans.
The difference between a mortgage banker and a mortgagebroker.
What the responsibilities of a mortgage broker are.
The state registration requirements for mortgagebrokers.
New York requirements for dual agency disclosure.
Construction and Development (3 hrs)
· What are authorities of State and local governments?
· The Planning Board and other Municipal Agencies
· Zoning and Other Restrictions
· Basics of subdivisions and development
· Construction and Home Inspection Basics
· Development of Condominiums and Coops
Conveyance of Real Property (1 hr)
· Definition of Alienation
· Voluntary and Involuntary transfers of title
· Elements of a Deed and public recording
For most sessions we line up guest speakers (subject to availability) with expert knowledge in various real estate areas to make a presentation to the class. You will be notified who will be presenting once the classes start. Prior presentations included the following: HPD lecture on LL#1; Financing and Debt; Environmental Remediation; Realty Information System www.rissoft.com (software application); and a interactive overview of operational management issues included with a NYC field trip (see prior class pictures).
Topic I: Communications Skills and Understanding Property Management For Commercial, Residential (Condo/Co-op), Medical, Industrial, Government, Hotel/Resort, Special Use & Infrastructure Projects
Topic II: Operations Management, Public Relations, Trades & Workforce
Topic III: Building Compliance, Legal, Authority and Contractual Issues
Topic IV: Debt-Equity Load and Real Estate Computer Software Systems
Topic V: Budgets, Cash Flow, Financial Statements and Bookkeeping
Topic VI: Field Trip, Green Building (LEED), Marketing & Urban Planning
Topic VII: Leases, Landlord – Tenant Law and Risk Management
Topic VIII: Conservation, Security and Safety Protocols & Zoning Issues
The course participant can make a verbal request of the Instructor to be involved with preparing an optional course paper that can be graded with a letter or numeric grade for the purpose of obtaining a educational reimbursement from an employer or employment program for career development.
THESE CLASSES ARE ONLY ONLINE, AND NOT IN PERSON
Join Zoom Meeting
Sal Rozenberg is inviting you to a scheduled Zoom meeting.
https://us02web.zoom.us/j/6797308770Meeting ID: 679 730 8770One tap mobile+16465588656,,6797308770# US (New York)+13017158592,,6797308770# US (Washington DC)Dial by your location +1 646 558 8656 US (New York) +1 301 715 8592 US (Washington DC) +1 312 626 6799 US (Chicago) +1 253 215 8782 US (Tacoma) +1 346 248 7799 US (Houston) +1 669 900 9128 US (San Jose)Meeting ID: 679 730 8770Find your local number: https://us02web.zoom.us/u/kelNsR52t
Salvador Rozenberg is an experienced professional with a diverse background in architecture, civil engineering, community development, construction, education, leadership, real estate, teaching, urban planning, and youth development. He is interested in senior leadership development, business development, urban design, and data architecture roles in industries such as healthcare, economic development, education, and engineering. Salvador is based in New York (NY) and prefers locations in the Tri-State Area and Florida. He possesses strong skills in leadership, project management, data analysis, and interpersonal communication.
Fair Housing - Assistance Animals in Real Estate
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Kristen is also a dedicated educator. She wrote the 1st environmental building course accepted by NY Dept. of State. At the request of State University of New York, she created a Corporate Sustainability curriculum, the first of its kind to be offered at a major university.
Take Steve's Classes Here - https://us02web.zoom.us/j/9130806038
Steve Landfield boasts an accomplished background and years of experience in commercial leasing and sales, real estate education, and environmental safety training. In the brokerage arena, Steve has closed commercial transactions with several Manhattan real estate firms, including his own, the former NYC Homes, where he was a partner. Steve has been at Nest Seekers International for over 15 years, where he specialized in the leasing of retail, office, and other commercial spaces, as well as investment building sales, development sites and purchases.
Fueling his success in serving clients in all areas of the business is his reputation in the world of real estate education. Steve is a New York State Approved Real Estate Instructor, teaching at the New York Real Estate Institute since 2008, His popular “Introduction to Commercial Real Estate” continuing education class led to his development of “Certificate in Commercial Real Estate” which is a a three-day basic but comprehensive survey of commercial leasing and sales. He has quite possibly taught more commercial brokers and salespersons than anyone else in New York City.
Steve teaches sales and broker licensing classes, as well as his own class: "Commercial Real Estate Building Investments", where he teaches brokers how to analyze commercial building finances, including the use of net present value and internal rate of return valuation methods, how to utilize 1031's and the basics of New York City zoning and development rights.
He developed and teaches a two-part class, “Introduction to Environmental Health Hazards", which is a unique real estate class held at The New York Real Estate Institute. The course covers the history, dangers and remediation of lead, mold, asbestos, and radon hazards for real estate professionals and how to deal with them in sales and rental transactions. He is approved by the New York State, Department of State as a Technical Instructor for Home Inspectors & Appraisers for environmental issues.
Steve was also a Real Estate Instructor for 7 years in the Division of Continuing & Professional Studies at Baruch College - City University of New York (CUNY) in New York City, where he taught "Health & Safety Codes for Facilities", "Facility Management" and "Dealing With Distressed Properties" among other courses.
Steve is a trainer and safety specialist for the World Cares Center in New York City, where he teaches How to Stay Safe During Pandemic and Communicable Disease Outbreaks, as well as Emotional Resiliency in Emergency Response, Active Shooter Response, Food Distribution Safety and Opioid Prevention and Response. He has been invited to bring these trainings to an organization in the Dominican Republic in the near future.
Steve was also a Real Estate Subject Matter Expert (SME) for Learning Express, LLC, for whom he reviewed the content and accuracy of real estate sales and broker's exams for use in online licensing exam preparation for the national real estate exam, for those states giving that test as a portion of their licensing requirements.
Supplementing his real estate industry knowledge, is Steve’s background as an Industry Skills Instructor, and his extensive knowledge of the environmental hazards found in residential and commercial buildings. He is an EPA Certified Lead-Based Paint Risk Assessor, allowing him to perform residential lead-based paint risk assessments, which includes performing on-site inspections, taking samples, determining the severity of lead hazards, and developing options for eliminating those hazards. He is an expert in lead paint health hazards and safe removal procedures. He is also a Principal Instructor in EPA/HUD Lead-Paint Safe Work Practices for Renovation, Repair and Painting.
He was a Lead Compliance Consultant for the New York City Housing Authority (NYCHA), where he inspected lead abatement work for safe completion, in accordance with EPA and HUD rules.
He works with Environmental Education Associates (EEA) and Zota Professional Training, as a Principal Instructor, where he teaches initial and renewal classes in EPA Lead-Based Paint Safely for Renovation, Repair & Painting.
He is an EPA Lead-Based Paint Inspector & Risk Assessor Instructor, training NYC's Housing Preservation and Development (HPD) inspectors and risk assessors lead paint inspection.
He was also involved in the training of approximately 900 workers at the New York City Housing Authority (NYCHA), in both lead safe work practices and mold remediation in NYCHA housing. He has testified before the EPA in Washington, D.C. at a Regulatory Reform Hearing, in an effort to save the RRP program from regulatory cuts under the first Trump Administration.
Steve is also a Principal Instructor for Environmental Education Associates, in New York State Mold Assessor, Mold Remediation Contractor & Mold Abatement Worker training for licensing under the New York State mold professionals law, effective January 1, 2016, being administered by the NY State Department of Labor. He has completed OSHA 30 hour general industry safety training. He has traveled the country, giving EPA Lead Certified Renovation, Repair & Painting training classes. He is a licensed New York State Mold Abatement Supervisor.
Steve teaches industry safety courses in NYC Local Law 1 and Vidual Assessment and in Mold and Asbestos Awareness, Bedbug Awareness, Carbon Monoxide Compliance, "Chemical Safety in the Workplace", Integrated Pest Management, Heat and Hot Water, Fire Safety for Residential Buildings, Natural Gas Safety and "How To Manage Renovation Projects" for New York City building superintendents, at Local 32BJ Thomas Shortman Training Fund of the Service Employees International Union. If you want to become a certified union building superintendent in New York City, chances are you’ll take environmental safety classes with him.
In 2015-2016, he taught Asbestos Awareness, Carbon Monoxide Compliance, Integrated Pest Management, Mold Awareness and New York City Lead Paint Safe Work Practices as part of the Next Steps Program, through Hostos Community College in The Bronx & The City University of New York, for the NYC Department of Correction, to inmates at the Rikers Island Jail facility, to help them learn skills to get employment upon their release and to help reduce violence in the jails.
He was appointed in 1999 by the NJ State Legislature to the New Jersey Human Relations Council (NJHRC) (www.njhrc.og), which deals with issues of bias and prejudice reduction, and where he served for two years as Vice-Chair. In 2014-2015 he served as the Chair of the NJHRC Advisory Board, working on human relations and civil right issues in the state.
Steve is a volunteer responder with the Hudson Regional Health Commission Medical Reserve Corps. and a member of the Hoboken, NJ Community Emergency Response Team, made up of trained volunteers who aid disaster victims when emergency responders are not readily available due to an overwhelming demand for their services. He is the Organizing Cooridnator for what will hopefully be a newly reorganized Jersey City, NJ CERT Team. He is trained in emergency preparedness, mental health first aid, fire safety, medical operations, first aid, light search & rescue, disaster psychology and terrorism awareness. He is a trained weather spotter for the National Weather Service Skywarn Program and an FCC licensed amateur radio operator (KD2FWU). He is also a FEMA Emergency Management Institute Certified CERT Team Trainer.
Steve has expertise in building operations and management, holding a Certificate in Advanced Property Management Techniques from The City of New York, Department of Housing Preservation and Development. He was a New York Accredited Realty Manager, as designated by the New York Association of Realty Managers (NYARM).
Outside of real estate, Steve is a commercial print model and actor who he has appeared in national newspaper and magazine ads (Vytorin & Jet Blue) as well as on several TV shows on the Discovery Channel (where he played an Irish mobster in "Paddywhacked" , a History of the Irish mob in America), The History Channel and as a high school principal on an MTV show.
Among his past jobs, Steve worked as an aide in the White House, in Washington, DC, during the Carter Administration.
Steve has a BA in Urban Affairs from George Washington University and a JD/MBA from Washington University, in St. Louis, MO.
He can be reached at: [email protected]
Chapter 3 – Law of Agency
Disclosure and Listing Forma
Chapter 4 – Law of Agency
Other Types of Disclosure and Antitrust Laws
Taxes and Assessments (1 hr)
Achieving Transactional Agreements through Transaction Analysis (4 hrs)
· Fiduciary Duties
· Agency Disclosure
· The Role of the Attorney in a Real Estate Transaction
· Purchase Agreements
· Binders in New · Contract Signing
· Confidentiality Agreements
· Competitive Market Analysis
· Buyer-Broker Agreement
· Market Analysis and Pricing Issues
o Economic Factors
o Government Factors
o Property Conditions
· State Certified and Licensed Real Estate Appraisers
· The Mortgage Industry
This course covers basic fair housing principles which salespersons and brokers are expected to know and practice. The course also examines the Federal, State, local and regulatory codes that shape fair housing as we know it.
Students will gain a deeper understanding of the law by reviewing historical origins and social objectives. The course begins at the time in America when we had "unfair housing," in other words, people living in the forced servitude of slavery. The historical account continues through the Civil War, the Civil Rights era, and the Women's and Disabilities movements to the present day. Landmark Supreme Court cases are also covered in detail, along with examples of enforcement in the real estate industry. This timeline is intended to clarify, amplify and dramatize the laws we follow in real estate practice.
In licensing classes, students were required to memorize fair housing laws and court decisions. In this class, they learn why and how these historic strides were made. Techniques for upholding fair housing law also will be discussed in detail.
Among the many topics, this class will include:Fair Housing ConceptsBrokerage practicesWhat Housing is Covered under Fair Housing?Definitions: "Protected Groups", "Profiling" etc.Megan's LawHistory and LegislationFederal LawsSupreme Court CasesPlessy v. Ferguson, Buchanan v. Warley, Brown v. Board of Ed., Shelley v Kraemer, Jones v MayerNY State Legislation and Local LawsADA Americans with Disabilities ActNYC Fair Housing ProtectionsHow Real Estate Licensees Can Support Fair Housing
Achieving Transactional Agreements through Transaction Analysis (2 hrs)
Broker Supervision & Use of Office Managers (2 hrs) (Remedial)
· Leadership skills
· Different management Styles and structures
· How to supervise your salespersons
· Place of Business and Branch Offices
· Creating policies vs. procedures.
· Understanding Employees vs. Independent Contractors
Onboarding/Continued Training (2 hrs)
· Recruiting New Licensees or Experienced Agents?
· Attracting Potential Agents
· Creating a hiring profile
· Federal Employment Laws
· Independent Contractor Agreements
This course will provide an introduction to the property management field with emphasis upon the various roles and responsibilities of the property manager in both residential and commercial settings, and practical methods of interacting with property managers and management companies in connection with real estate transactions.
Overview of the Property Management Field
Responsibilities Of The Residential Property Manager
Responsibilities Of The Commercial Property Manager
Fiduciary Duties Of A Property Manager
How Management Companies Work
The Relationship Between Property Managers and Real Estate Licensees
The Property Manager And You: Friends or Foes?
Dealing With Property Managers In Real Estate Transactions
Sales
Rentals
3. Wearing Two Hats: When Licensees Work For A Brokerage Firm That Also Manages Buildings
Agent Safety and Supervision (2 hrs) (Remedial)
· Agent Safety Protocols
· Safety Apps
· How to conduct safe showings and open houses: NAR Tips
· Safety and Showings
· Cybersecurity Protections
Lawful Application of Teams (1 hr)
· Teams and Supervision
· Team Management
· The Role of the Team Leader
· Roles of Unlicensed Assistants in Teams
· Commission Sharing
Standard Operating Procedures (1 hr)
· The SOP Law.
· Amendment of the Real Property Law
· Exposing Discriminatory Real Estate Practices
Knowing the Components
a) Inclusions and Exclusions b) Assessments/Maintenance/Flip Taxes (if coop/condo) c) RE Taxes d) Financing Terms/Contingencies e) Certificate of Occupancy/Violations f) The Waiver of Right of First Refusal g) Title Issues and Impediments to Closing h) Seller and Purchaser representations i) Closing Dates j) Closing Costs/Transfer Taxes k) Inspections/Walk Throughs/Punch Lists l) Post Closing Possession Agreements m) Including Furniture, lighting Fixtures, Window Treatments Understanding Negotiations and Riders
a) The Order of Negotiations b) Time Limitsc) Condominium Riders (filling in gaps) *board package submission*pre closing visits*special financing concerns*ability to clear title*fax/pdf capabilitiesDefault and Remedies
a) Buyer's defaultb) Seller's defaultc) Default with a Sponsor Transaction
Financial Management (2 hrs) (Remedial)
· Financial Controls
· Engaging an Accounting Firm
· Understanding Financial Statements
· Budgeting
Source of Income and Subsidy Programs (2 hrs)
· Income Stability for investors
· ECOA Prohibitions: Income Source
· Tenant’s Employment History
· Standard Income Verification for tenants
· Subsidy Programs by HUD and the FHA
Loan Products-Investment Monies (1 hr) (Remedial)
· The Role of the Secondary Market
o Freddie Mac
o Ginnie Mae
o Fannie Mae
· What are convention Loans?
· What are government backed loans?
Residential Leasing Terms (1 hr)
· Property leasing steps
· The application processes
· Identification fees screening and selecting Tenants
· Screening Services
· Legal History of the tenant
· Personal Investigation
· Rental history of the tenant
· Financial Status of the tenant
· Credit Reports
· Income Verification
· Reaching a Decision Risk Management (2 hrs)
· How Lenders and investors manage Risk on investments?
· Types of investments
· Types of Ownership
o Stocks
o Loans
· Investment risk
o Safety
o Liquidity
· Benefits/Negatives of real estate investing
o Appreciation
o Leverage
o Tax Benefits
o Lending Risks
o Risk of Default
o Risk of Loss ·
The underwriting process
· Foreclosure
Assessment Exemptions & Taxes (2 hrs) (Remedial)
· Understanding the various tax exemption programs
o STAR
o Seniors
o Veterans
o Plot
· Understanding the licensee’s role
Cultural Competency (2 hrs)
· What is Culture and Cultural Competency?
· What is Culture?
· Aspects of Culture Elements of Culture
· Levels of Culture International Culture International
· Cultural Change Cultural Change
· Practicing Cultural Competency
· Working with Diverse People
· Handling Buyer’s and Seller’s Biases Agent’s Responsibilities
URL: https://zoom.us/j/5179624609
Class: Social Media and Real Estate Marketing
People do everything on their phones today, and as such they expect tobrowse, buy, and sell real estate from the palm of their hand, too. Technologytouches every aspect of the real estate industry today. Buyers can see abirds-eye view of a neighborhood 2,000 miles away through drone footage. Youcan buy a house online without ever taking out a pen to sign a contract.Searching for new listings is as simple as downloading an app, choosing yourlocation, and awaiting notifications with options.More than 70 percent of today’s buyers search for homes online,and 85 percent of real estate agents use texting toget work done. 45 minutes
Lesson Planin Social Media
1. The Principlesof Social Media Today1hour
2. A Look atVarious Social Media Channels1 hour
a. Facebook
b. Instagram
c. LinkedIn
d. Twitter
e. Skype/Facetime
f. You Tube
3. Developing aSocial Media Strategy and Content – Growing and Engaging Audience1 hour
4. Measuring SocialMedia – gain more followers and expand your reach30 minutes
Goals of the Class:Each of these goals are incorporated into the lessons above
Focus on realistic goals and objectives and how they fitinto an agent’s marketing strategy, as well as align with the organization’soverall marketing strategy.
Look for the company’s tone of voice for social mediasites, their branding so there is not too much of a gap.
Authenticity isvery important, as no one likes a fake personality on social media.
It is important that you stay consistent in your postingsand storytelling always.
Contentprovided must be excellent and consistent.
Content Sharing Best Practices
Sharing Stories Best Practices
Video Content Best Practices
Hashtag Usage Best Practices
TOTAL HOURS: 3.75
Diversity Equity & Inclusion Training/History (2 hrs) (Remedial)
· Overview of Diversity, Equity, and Inclusion
· Inclusion DEI in the Workplace
· History of Fair Housing and NAR Fair Housing and NAR Today
· Article 10 of the Code of Ethics Equal Professional Services Model
· Communicating Effectively with Multi-Cultural
Historical Overview of Fair Housing (1 hr)
· The History of U.S. Anti-Discrimination.
o Laws Pre-Civil War Reconstruction Era
o Reconstruction Era: Jim Crow Laws Early 1900s
o Depression Era: FHA Creation and Impact
o Post-World War II Progress End of the Jim Crow Laws
o Civil Rights Act of 1968
· Breaking the discriminatory Cycle
Assistance Animals and Service Animals (1 hr)
· Federal and State Law Overview
· Federal Anti-Discrimination Acts Fair Housing Act Rehabilitation Act Americans with Disabilities.
· FHA Compliance for Assistance Animals
Chapter 6 – Deeds
The purpose of a deed.
Essential elements of a valid deed.
How to distinguish among the different forms of deeds.
About a property’s legal description.
Methods of transferring title.
Chapter 6-A – Real Estate Closings
The purpose of the public records system.
The significance of a marketable title.
The documents necessary for closing.
Which closing costs are paid by a buyer and by aseller.
How to calculate prorations.
Chapter 5 – Easements and Liens
Differentiate types of easements and who benefits fromthem.
How easements may be created.
The difference between easements and licenses.
The difference between encumbrances and encroachments.
Various types of liens.
The impact of liens on property.
Adverse possession and the requirements necessary for it.
This course will cover the laws concerning residential and non-residential tenancies in New York. It will address the rights and obligations of owners and occupants. The course will analyze lease provisions of rent-regulated apartments and commercial properties. The termination of the landlord-tenant relationship including legal proceedings will be discussed in detail.
Commercial Leasing Terms (2 hrs) (Remedial)
· Commercial Leasing Commercial Tenant Applications
· Identification screening commercial tenants
· Evaluating Commercial Applicants.
· Commercial lease provisions
Financial Analysis for Commercial Transactions (2 hrs)
· Characteristics of real estate
· Cash flow analysis
· Tax Benefits of investing in real estate
· Like-Kind exchange · Individual vs. legal entities
· Commercial lease contracts
Implicit Bias (2 hrs) (Remedial)
· Implicit Bias Definitions
· Definitions of Bias
· Socialization and Implicit Bias Ingroup and Outgroup
· What is Bias Affinity?
· How to protect against lawsuits achieving diversity and inclusion, What Brokers Can Do?
Recent Development (2 hrs)
· Provide samples of recent developments in real estate
· Recent developments in real estate industry that impact
· Latest real estate trends
· Challenges faced in the real estate industry
Cultural differences
Coordinating professionals from host country
Legal differences
Ownership differences
Pied a Terre vs Investment
Financing obstacles
Building requirements - US Income & Assets, Credit References
Exchange rate issues
Taxation issues - Rental income, Non-resident return, Gains, FIRPTA
Estate issues - Domestic will, Gains taxation
Post closing, Property management
SHORT SALE DEFINED
FORECLOSURE PROCESS
CREATING SHORT SALE LEADS
LENDER’S MOTIVATION IN SHORT SALES
SELLER DISCLOSURE REQUIREMENTS
SEVEN STEPS TO SHORT SALE PROCESSING
HUD-1 SETTLEMENT STATEMENT
PROPERTY VALUATION
ANALYZING LENDER ASSESSMENT
SHORT SALE vs ASSET RETENTION COMPARISON
Join Zoom Meeting - https://zoom.us/j/9425292516
A Notary Signing Agent is a Notary Public who is hired as an independent contractor by either a real estate lender, a closing agent (i.e., a title or escrow firm), or a signing service to ensure that loan documents are delivered to and signed by a borrower, then notarized as necessary and returned for processing in a timely manner. **A Notary Signing Agent is very different from a closing agent. Closing agents prepare and complete documents and perform other tasks needed to complete real estate transactions. Signing agents do not draw up documents, disburse funds or provide title abstracts - they serve as impartial witnesses for signingsLearn about "ENJOA (Electronic Notary Recordkeeping)- Appointment And Qualifications- Public Officers Law- Powers And Duties Executive Law- Real Property Law- Restrictions And Violations Judiciary Law- Executive Law- Penal Law- Definitions & General Terms- PRACTICE EXAM GIVEN
Real Estate Property & Risk Management
Real Estate Property & Risk Management Part II