Content
42 modules
Rating
Course length
4 hours
Instructor
Niki Ackels
Description
Laws governing real estate are complex and varied. This GRI course provides an advanced look into real estate law beyond the basic sales-associates’ course. The material is not designed to make participants legal experts, but rather to help them identify and understand legal issues that arise.
Objectives
On completion of this course, the participant will be able to:
- Identify who regulates real estate business transactions
- Identify the elements of a listing contract
- Identify the requirements by law regarding listing agreements.
- Explain the differences between Independent Contractor and Employee status.
- Describe the activities a licensed assistant may perform and those that an unlicensed assistant may not.
- Demonstrate a working knowledge of the types of property ownership rights and the limitations to those rights.
- Describe the various property ownership types and the concurrent ownership tenancies.
- Identify two benefits provided to owners of principal residences by the Constitutional Homestead in Florida.
- Define and describe the various types of liens on property.
- Demonstrate knowledge of the Sherman Antitrust Act of 1890, its implications and penalties.
- Identify the requirements imposed by the Federal CAN-SPAM Act.
- Understand the Pallone-Thune TRACED Act
- Describe the Real Estate Settlement Procedures Act, what it covers, and the disclosures required by the law.
- Explain elements of the Truth in Lending Act.
- Identify the disclosure requirements included in the Residential Lead-Based Paint Hazard Reduction Act of 1992.
1.
Introduction
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2.
Contractual Relationship Law
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3.
Elements of Listing Contracts
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4.
Broker/Sales-Associate Relationships
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5.
Licensed and Unlicensed Assistants
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6.
Liabilities
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7.
Self-Reporting of Misdemeanors and Felonies
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8.
Exercise: Payment for Services
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9.
Knowledge Check: Contractual Relationship Law
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10.
General Property Ownership Rights
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11.
Condemnation Proceedings
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12.
Discussion: Condemnation Proceedings
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13.
Types of Property Ownership
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14.
Other Types of Property Ownership
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15.
Matching Exercise: Estates
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16.
Restrictive Land Covenants
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17.
Homestead
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18.
Specific Liens
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19.
General Liens
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20.
Knowledge Check: General Property Ownership
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21.
Sherman Antitrust Act of 1890
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22.
Case Study 1: Antitrust
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23.
Case Study 1: Antitrust
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24.
Case Study 2: Antitrust
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25.
Case Study 2: Antitrust
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26.
CAN-SPAM Act of 2003
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27.
Pallone-Thune TRACED Act
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28.
Real Estate Settlement Procedures Act
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29.
Knowledge Check: RESPA
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30.
Real Estate Settlement Procedures Act - Continued
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31.
Knowledge Check: RESPA on Kickbacks
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32.
Real Estate Settlement Procedures Act - Continued
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33.
Case Study 3 - RESPA
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34.
Case Study 4: RESPA
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35.
Equal Credit Opportunity Act
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36.
Truth in Lending Act
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37.
Residential Lead-Based Paint Hazard Reduction Act of 1992
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38.
Flood Insurance
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39.
R-Value Rule
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40.
Visual Artists Rights Act of 1990
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41.
Knowledge Check: Federal Laws Affecting Real Estate
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42.
References and Glossary
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