Core Law - Minimize Legal Risk

Content
42 modules

Rating

Course length
3 hours

Instructor
Niki Ackels

Price
$10.00 USD

Description

This course fulfills the 3 hour Core Law requirement.

Laws governing real estate are complex and varied. This course provides an advanced look into real estate law beyond the basic sales associates’ course. This course is not designed to make participants legal experts, but rather to help them identify and understand legal issues that arise. The more a licensee knows, the better he or she can work with customers and safeguard them from legal complications. This understanding will also help licensees avoid serious complications and minimize risk for themselves and their brokers.  Buying and selling property requires a lot of legal paperwork. Today, more than ever, it’s important to know the laws governing the practice of real estate. Knowledgeable sales associates can minimize their legal risk by disclosing and documenting disclosures, by anticipating buyer’s remorse, by anticipating areas of liability, and by not creating false expectations.

This is an online independent study course completed on demand. Participants are able to exit and reenter the course as needed, and will independently complete reading of the text and course activities.

Objectives

Objectives: After taking this class students will be able to:

  • 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.
  • 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.

Certificate

By completing/passing this course, you will attain the certificate Core Law - Minimize Legal Risk Completion Certificate

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.
Exercise: Payment for Services
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8.
Self-Reporting of Misdemeanors and Felonies
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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.
Restrictive Land Covenants
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16.
Homestead
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17.
Save Our Homes
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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.
Real Estate Settlement Procedures Act - Continued
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30.
Real Estate Settlement Procedures Act - Continued
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31.
Activity - RESPA
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32.
Case Study 3 - RESPA
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33.
Case Study 4: RESPA
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34.
Home Mortgage Disclosure, Community Reinvestment, Equal Credit Opportunity, and Truth in Lending Acts
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35.
Residential Lead-Based Paint Hazard Reduction Act of 1992
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36.
Flood Insurance
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37.
R-Value Rule
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38.
Visual Artists Rights Act of 1990
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39.
Knowledge Check: Federal Laws Affecting Real Estate
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40.
References and Glossary
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41.
Exam Acknowledgment
42.
Core Law: Minimize Legal Risk Final Exam
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Very informative course
 
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