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<strong>BUSINESS</strong> <strong>AND</strong> <strong>INDUSTRY</strong> <strong>NEVADA</strong> <strong>REAL</strong> <strong>ESTATE</strong> DIVISION<br />
EDUCATION SECTION<br />
2501 E Sahara Ave<br />
Las Vegas, NV 89104-4137<br />
(702) 486-0951<br />
E-mail: sanwari@red.state.nv.us<br />
itrillo@red.state.nv.us<br />
http://www. red.state.nv.us<br />
TO: The Nevada Real Estate Commission<br />
FROM: Safia Anwari, Education and Information Officer;<br />
Ingrid Trillo, Program Officer<br />
SUBJECT: Education Summary – November 06-08, 2012<br />
DISCUSSION AGENDA EDUCATION COURSES<br />
<strong>REAL</strong> <strong>ESTATE</strong> PRE-LICENSING EDUCATION COURSE<br />
REQUEST FOR RE-APPROVAL<br />
1. College <strong>of</strong> Southern Nevada<br />
Instructors: Jimmy Dague<br />
Recommendation: Deny approval. Sponsor was given 4 opportunities to produce the course<br />
materials for staff review. What Sponsor eventually provided is incomplete.<br />
A 6-hour session on state and local laws governing real estate transactions is<br />
missing. Additionally, the organization <strong>of</strong> topics on the content outline does<br />
not match that on the curriculum sheet making it difficult to determine<br />
whether content meets the NAC 645.437 standards. Content does not meets<br />
NAC 645 standards.<br />
Hours Title Delivery Course Number<br />
45 Real Estate Brokerage RE 201B Classroom PL.4551011-RE<br />
NEW <strong>REAL</strong> <strong>ESTATE</strong> CONTINUING EDUCATION COURSES<br />
2. First American Title<br />
“The New Face <strong>of</strong> Homeownership: Foreign National Buyers”<br />
Request: 3 Hours Personal Development Classroom<br />
Recommendation: Approve – 3 Hours – Personal Development - Classroom. The course<br />
contents meets NAC 645 standards for Personal Development.<br />
Instructors: Darryl C. Freeman Maria Valentin Jennifer Guevara<br />
Objective: The multicultural homebuyer’s title and escrow needs: explaining the process, cultural<br />
nuances you should be aware <strong>of</strong> may greatly affect the transaction.<br />
Standards: 2(q) Personal development courses.<br />
Justification: Personal development.<br />
<strong>Page</strong> 1 <strong>of</strong> <strong>61</strong>
Content:<br />
Opening 5<br />
Introduction and Presenter 5<br />
Introduction about First American Strategic Markets 10<br />
Lack <strong>of</strong> Familiarity with US Real Estate Practices 10<br />
Valid Generalizations vs. Stereotypes – Cultural Spectrum 15<br />
Cultural 35<br />
BREAK 15 Minutes<br />
The Initial Hour 10<br />
Closing Appointment Misconception 10<br />
BREAK 15 Minutes<br />
Title Exercise 30<br />
Title Insurance Policy Protection 10<br />
Take Way & Questions 10<br />
TOTAL: 150 min ÷ 50 class hr = 3.0 Hours<br />
3. First American Title<br />
“Hispanic 2.0: Reaching the Next Generation-It’s Not About Language”<br />
Request: 3 Hours Personal Development Classroom<br />
Recommendation: Approve – 3 Hours – Personal Development - Classroom. The course<br />
contents meets NAC 645 standards for Personal Development.<br />
Instructors: Darryl C. Freeman Maria Valentin Jennifer Guevara<br />
Objective: Target and service the largest multicultural market in the U.S. with new, fresh ideas.<br />
Understand the changing segmentation <strong>of</strong> the “new” Hispanic market by generation and<br />
acculturation.<br />
Standards: 2(q) Personal development courses.<br />
Justification: Personal development.<br />
Content:<br />
Opening 5<br />
Introduction and Presenter 5<br />
Introduction about First American Strategic Markets 10<br />
Class Objective 10<br />
Lack <strong>of</strong> familiarity with US Real Estate Practices<br />
BREAK 15 Minutes<br />
20<br />
Valid Generalizations About Hispanic Values that Impact the Transaction 30<br />
Escrow Exercise 10<br />
Closing Appointment Misconception<br />
BREAK 15 Minutes<br />
20<br />
Title Exercise 20<br />
Title Insurance Policy Protection 15<br />
Take Way & Questions<br />
TOTAL: 150 min ÷ 50 class hr = 3.0 Hours<br />
<strong>Page</strong> 2 <strong>of</strong> <strong>61</strong><br />
5
4. Career Webschool<br />
“Green Home Construction”<br />
Request: 6 Hours General Internet<br />
Recommendation: Approve – 6 Hours – General - Classroom. Green is not part <strong>of</strong> our<br />
standards but the course content provides pr<strong>of</strong>essional knowledge to a<br />
licensee in the exchange <strong>of</strong> real property in regards to green products that<br />
are part <strong>of</strong> residential or commercial properties. The distance education<br />
instructional design and delivery method is ARELLO certified. The course<br />
contents meets NAC 645 standards for General.<br />
Instructors: Jeanne LaMere<br />
Objective: This course covers aspects <strong>of</strong> “green home” construction and sustainable design,<br />
including lot shopping, site work, and landscaping, and building material choices. It also<br />
addresses safety considerations and waste management.<br />
Standards: 1(a) Current information on real estate which will improve the pr<strong>of</strong>essional knowledge<br />
<strong>of</strong> the licensee and enable him to give better service to the public.<br />
2(i) The exchange <strong>of</strong> real property.<br />
2(q) Personal development courses.<br />
Content:<br />
The Green Home 30<br />
Describe come <strong>of</strong> the environmental issues related to building construction<br />
Define a “green” home<br />
Describe elements <strong>of</strong> sustainable design<br />
Shades <strong>of</strong> Green 20<br />
Categorize the degree <strong>of</strong> commitment to environmentally sound home building in terms<br />
<strong>of</strong> “shades <strong>of</strong> green”<br />
Planning & Design 25<br />
Describe the planning and design stages <strong>of</strong> a green building project<br />
Green Home Lot Shopping 1 25<br />
Describe considerations when selecting a lot for a green home including<br />
Location<br />
Personal and family considerations<br />
Zoning restrictions<br />
Building code<br />
Subdivision restrictions<br />
Green Home Lot Shopping 2 15<br />
Describe considerations when selecting a lot for a green home including<br />
Endangered species<br />
Legal access<br />
Utilities and services<br />
Site Work & Landscaping 1 20<br />
Discuss the importance <strong>of</strong> site work and landscaping considerations when beginning<br />
work on the site<br />
Recognize the contribution <strong>of</strong> physical and natural conditions <strong>of</strong> the property to site<br />
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decisions<br />
Describe the role <strong>of</strong> sun, wind, landscaping, and tree preservation in site development<br />
Site Work & Landscaping 2 15<br />
Describe techniques for soil and erosion control<br />
Safety Considerations 30<br />
Recognize the role <strong>of</strong> the Building Code in ensuring safe construction<br />
Describe some <strong>of</strong> the standards prescribed by the International Residential Code (IRC)<br />
Alternative Materials 30<br />
Recognize the importance <strong>of</strong> the prescriptive and performance-based provisions <strong>of</strong> the<br />
Building Code<br />
Recognize the part <strong>of</strong> the Code allowing modification <strong>of</strong> some provisions<br />
Discuss the role <strong>of</strong> testing and evaluation organizations in recognizing manufactured<br />
alternative building materials<br />
Describe some <strong>of</strong> the non-manufactured alternative building materials and the testing<br />
methods used to evaluate them.<br />
Discuss ways to ensure a positive working relationship with building inspectors and<br />
<strong>of</strong>ficials<br />
Describe recent steps taken by the international Code Council (ICC) to incorporate<br />
green building and sustainable design standards into the codes<br />
Resource-efficient Design & Materials 30<br />
Discuss the factors that help determine the appropriate size house for one’s needs<br />
Describe specific techniques for conserving building materials<br />
Conventional Building Materials 15<br />
Describe conventional building materials that are suitable for a green home<br />
Recycled & Natural Building Materials 20<br />
Recognize used, recycled, or reclaimed building materials that may be used in a green<br />
home<br />
Describe natural or renewable materials that may be suitable for a green home<br />
Modern Innovations 1 25<br />
Describe modern innovations in building materials that are sustainable for a green home<br />
Modern Innovations 2 15<br />
Describe modern innovations in building materials that are sustainable for a green home<br />
Modern Innovations 3 15<br />
Describe modern innovations in building materials that are sustainable for a green home<br />
Waste Management 30<br />
Describe methods for managing waste during construction<br />
Name ways to organize a job site to minimize waste<br />
Identify recyclable construction materials<br />
Recognize ways to recycle construction waste<br />
TOTAL: 360 min ÷ 50 class hr = 7.2 Hours<br />
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5. Career Webschool<br />
“Green Home Features”<br />
Request: 3 Hours General Internet<br />
Recommendation: Approve – 3 Hours – General - Classroom. Green is not part <strong>of</strong> our<br />
standards but the course content provides pr<strong>of</strong>essional knowledge to a<br />
licensee in regards to green home features, including energy and water<br />
efficiency including renewal energy. Also addresses methods <strong>of</strong> controlling<br />
heat loss. The distance education instructional design and delivery method is<br />
ARELLO certified. The course contents meets NAC 645 standards for<br />
General.<br />
Instructors: Jeanne LaMere<br />
Objective: This course covers features <strong>of</strong> a “green home” including energy and water efficiency,<br />
lighting, appliances, and renewable energy. It also addresses methods <strong>of</strong> controlling heat<br />
loss and conserving energy.<br />
Standards: 1(a) Current information on real estate which will improve the pr<strong>of</strong>essional knowledge<br />
<strong>of</strong> the licensee and enable him to give better service to the public.<br />
2(q) Personal development courses.<br />
Content:<br />
Energy Conservation & Efficiency 20<br />
Discuss the development <strong>of</strong> energy conservation standards<br />
Recognize energy conservation basics<br />
Discuss the difference between prescriptive compliance and performance path<br />
Controlling Heat Loss 1 15<br />
Describe methods to control heat loss through air sealing measures<br />
Controlling Heat Loss 2 25<br />
Describe additional methods to control heat loss through air sealing measures<br />
Lighting 25<br />
Describe ways to reduce energy usage through proper lighting design<br />
Appliances 15<br />
Discuss the selection <strong>of</strong> energy-efficient appliances<br />
Water Efficiency 30<br />
Recognize the importance <strong>of</strong> water efficiency in a green home<br />
Identify WaterSense® fixtures<br />
Describe strategies for saving water indoors and outdoors<br />
Renewable Energy 30<br />
Recognize the importance <strong>of</strong> alternative energy sources<br />
Describe active energy production systems<br />
Owning & Maintaining a Green Home 20<br />
Recognize the importance <strong>of</strong> a homeowner’s manual in a green home<br />
Describe the contents <strong>of</strong> a good homeowner’s manual<br />
Describe the operation <strong>of</strong> a home recycling center<br />
Describe an energy monitoring system<br />
TOTAL: 180 min ÷ 50 class hr = 3.6 Hours<br />
<strong>Page</strong> 5 <strong>of</strong> <strong>61</strong>
6. Kaplan Pr<strong>of</strong>essional Schools<br />
“Nevada Ethics: Scams and Scoundrels”<br />
Request: 3 Hours Ethics Correspondence<br />
Recommendation: Approve – 3 Hours – Ethics – Correspondence. The course provides Nevada<br />
example case studies that providing great information to all licensees. The<br />
course content meets NAC 645 standards.<br />
Instructors: John Mathis<br />
Objective: After completing this course, you will be able to:<br />
• Recognize the importance <strong>of</strong> understanding real estate scams in the modern<br />
marketplace;<br />
• Summarize the concepts <strong>of</strong> flopping, straw buyers, and seller carry back, and how<br />
they pertain to mortgage fraud;<br />
• Describe the dangers that real estate rackets impose on the marketplace and an<br />
agent’s pr<strong>of</strong>essional career;<br />
• Recognize the dangers real estate scams that are inherent in a racing marketplace on<br />
large-scale deal;<br />
• Distinguish the major red flags or real estate scams, especially in deals that appear too<br />
good to be true;<br />
• Summarize the major scams associated with short sales and refinancing;<br />
• Recognize the need for extra caution in the real estate world to avoid the wrath <strong>of</strong><br />
scoundrels;<br />
• Predict the appropriate response to common red flags for scams in the real estate<br />
business;<br />
• Follow techniques to scam-pro<strong>of</strong> yourself.<br />
Standards: 1(a) Current information on real estate which will improve the pr<strong>of</strong>essional knowledge<br />
<strong>of</strong> the licensee and enable him to give better service to the public.<br />
2(f) The administration <strong>of</strong> real estate brokerage, including the management <strong>of</strong> the<br />
<strong>of</strong>fice, trust accounts and employee’s contracts.<br />
Content:<br />
Introduction & Course Objectives<br />
Module 1: Scams: Dirty Deeds Done by Agents<br />
5<br />
Historical Perspective: Florida Land Boom 5<br />
Historical Perspective: Swampland Scams 5<br />
Flipping Versus Flopping 10<br />
Straw Buyers 10<br />
Seller Carry Back 10<br />
Equity Stripping 5<br />
Renovation Racket<br />
Module 2: Scams That Sting: Getting Caught in the Trap<br />
10<br />
Advance Fee Fraud 10<br />
The White Hot Market 10<br />
Unexpected Windfall 5<br />
Do-Not-Call Scam 5<br />
Craigslist Scam<br />
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5
The Big Deal (Includes information regarding NAC 645.600) 10<br />
Module 3: Scoundrels: Giving Real Estate a Bad Name<br />
Case Study: Watch Your Wallet 5<br />
Short Sale ID Theft 5<br />
Case Study: Going Under 5<br />
The Sneaky Short Sale 5<br />
The Rental Racket (Case Study: Swindled Out <strong>of</strong> House and Home) 5<br />
Refinancing Scoundrels 5<br />
Unfair Fees (Includes information regarding NAC 645.600) 5<br />
Scam-Pro<strong>of</strong>ing Yourself 5<br />
Appendix A: NAC645.600 5<br />
Final Exam<br />
TOTAL: 150 min ÷ 50 class hr = 3.0 Hours<br />
7. Kaplan Pr<strong>of</strong>essional Schools<br />
“Nevada Ethics: Know the Code”<br />
Request: 3 Hours Ethics Correspondence<br />
Recommendation: Approve – 3 Hours – Ethics – Correspondence. The contents provide<br />
discussion <strong>of</strong> ethical standards and the NAR Code <strong>of</strong> Ethics. The course<br />
content meets NAC 645 standards.<br />
Instructors: John Mathis<br />
Objective: After completing this course, you will be able to:<br />
• Outline specific guidelines for ethical business practice;<br />
• Describe the role <strong>of</strong> state and local regulators as it relates to the practice <strong>of</strong> real estate;<br />
• Define the roles and responsibilities <strong>of</strong> the parties involved in real estate transaction;<br />
• Describe the origins <strong>of</strong> the National Association <strong>of</strong> <strong>REAL</strong>TORS (NAR) Code <strong>of</strong><br />
Ethics;<br />
• Specify the ethics training requirements for all NAR members;<br />
• Describe each <strong>of</strong> the 17 articles <strong>of</strong> the Code;<br />
• Discuss the use <strong>of</strong> mediation as an alternative to arbitration;<br />
• Outline the procedures for processing ethics complaints and requests for arbitration;<br />
• Describe the recommended sanctions for persons found in violation <strong>of</strong> the Code <strong>of</strong><br />
Ethics;<br />
• Discuss the hearing panel decisions made for the described cases.<br />
Standards: 1(a) Current information on real estate which will improve the pr<strong>of</strong>essional knowledge<br />
<strong>of</strong> the licensee and enable him to give better service to the public.<br />
2(a) Ethics <strong>of</strong> selling real estate.<br />
Content:<br />
Introduction & Course Objectives 5<br />
Module 1: Ethics in Today’s World<br />
Ethics and the Boardroom 5<br />
Case Study: The Mighty Have Fallen 5<br />
Ethics and the Classroom 5<br />
<strong>Page</strong> 7 <strong>of</strong> <strong>61</strong>
Case Study: The Duo <strong>of</strong> Deceit 5<br />
Case Study: Is Winning Everything? 5<br />
Ethics and the Locker Room 5<br />
Outlook 5<br />
Conclusion 5<br />
Module 2: Ethics and the Real Estate Pr<strong>of</strong>essional<br />
Agency Relationship in Nevada 10<br />
Case Study: Multiple Clients 5<br />
Residential Disclosure Guide 5<br />
Understanding Ethical Dilemmas Through Case Studies 5<br />
Case Study: For Sale by Owner (FSBO) 5<br />
Case Study: Selling Your Own Listing 5<br />
Module 3: National Association <strong>of</strong> <strong>REAL</strong>TORS Code <strong>of</strong> Ethics<br />
The NAR Code <strong>of</strong> Ethics 20<br />
Pathways to Pr<strong>of</strong>essionalism 5<br />
Module 4: Enforcement <strong>of</strong> the NAR Code <strong>of</strong> Ethics<br />
The Basis for Discipline in Nevada 10<br />
NAR Case Interpretations 25<br />
Answer to NAR Case Interpretations 5<br />
Conclusion 5<br />
Final Exam<br />
TOTAL: 150 min ÷ 50 class hr = 3.0 Hours<br />
8. Kaplan Pr<strong>of</strong>essional Schools<br />
“Nevada Contracts: Details Count”<br />
Request: 3 Hours Contracts Correspondence<br />
Recommendation: Approve – 3 Hours – Contracts – Correspondence. The course content is<br />
written by Nevada Attorney/Broker Salesmen and contains Nevada specific<br />
contract information. The course contents meets NAC 645 standards.<br />
Instructors: John Mathis<br />
Objective: After completing this course, you will be able to:<br />
• Identify the requirements for a valid contract;<br />
• Explain how contracts may be discharged;<br />
• Describe the various types <strong>of</strong> contracts used in the real estate business;<br />
• Explain the common provisions in a Nevada residential purchase agreement;<br />
• Describe how a contingency or condition operates in a real estate sales contract;<br />
• Explain how to analyze a contingency;<br />
• Describe common contingencies included in a sales contracts;<br />
• Explain the difference between addendums and amendments and how each is treated;<br />
• Provide an effective overview <strong>of</strong> an <strong>of</strong>fer to a client;<br />
• Provide a client with a summary and conclusion <strong>of</strong> an <strong>of</strong>fer.<br />
Standards: 1(a) Current information on real estate which will improve the pr<strong>of</strong>essional knowledge<br />
<strong>of</strong> the licensee and enable him to give better service to the public.<br />
2(p) The preparation <strong>of</strong> real estate contracts.<br />
<strong>Page</strong> 8 <strong>of</strong> <strong>61</strong>
Content:<br />
Introduction & Course Objectives 5<br />
Module 1: Real Estate Contracts<br />
Contract Law 10<br />
Discharge <strong>of</strong> Contracts 10<br />
Contracts Used in the Real Estate Business 20<br />
Module 2: Contingencies, Addenda, and Amendments<br />
Contingencies 5<br />
Third Party Approval Contingency: Lien holder Approval in a Short Sale 5<br />
A Financing or Loan Approval Contingency 5<br />
An Appraisal Contingency 5<br />
A Property Sale Contingency 5<br />
The Seller’s Real Property Disclosure Form 5<br />
An Examination <strong>of</strong> Title Contingency 15<br />
The Resale Package for Residential Property Located in a Common-Interest<br />
Community 15<br />
An Inspection Contingency 5<br />
Other Common Inspections 5<br />
Hazardous Substances 5<br />
Addenda and Amendments 15<br />
Amendments 5<br />
A Simple and Effective Way to Prepare and Present an Offer 10<br />
Final Exam<br />
TOTAL: 150 min ÷ 50 class hr = 3.0 Hours<br />
9. Kaplan Pr<strong>of</strong>essional Schools<br />
“Nevada Property Management: Residential Leasing?”<br />
Request: 3 Hours Property Management Correspondence<br />
Recommendation: Approve – 3 Hours – Property Management – Correspondence. The course<br />
content provides Property Mangers with State and Federal guidelines. The<br />
course contents meets NAC 645 standards.<br />
Instructors: John Mathis<br />
Objective: After completing this course, you will be able to:<br />
• Recognize the duties and laws that govern real estate licensees, landlords, and<br />
property owners involved in residential leasing;<br />
• Discuss the process licensees should follow when working with homeowners and<br />
tenants as a leasing agent or property manager;<br />
• Recall the components <strong>of</strong> a rental application and a tenant criminal background check<br />
and credit screening;<br />
• Identify fair housing laws applicable to residential leasing;<br />
• Explain the move-in process and the duties that must be performed by the tenant and<br />
the property owner or landlord<br />
• Identify procedures that licensees and their brokers can follow to reduce their risk<br />
when engaging in residential leasing activities;<br />
• Solve and/or prevent common issues landlords have with tenants.<br />
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Standards: 1(a) Current information on real estate which will improve the pr<strong>of</strong>essional knowledge<br />
<strong>of</strong> the licensee and enable him to give better service to the public.<br />
2(h) The management <strong>of</strong> real property, including leasing agreements, procedures for<br />
accounting and contracts for management.<br />
Content:<br />
Introduction and Course Objectives 5<br />
Module 1: Introduction to Residential Leasing<br />
Difficult Situations Call for Specialized Solutions: How You Get Paid 5<br />
Dual Agency (Multiple Representation) 5<br />
Management Decisions: Permits, Certificates, and Required Registrations 10<br />
Residential Leasing Pricing 10<br />
Residential Leases 15<br />
Residential Lease Disclosures; Counseling the Owner About Other Landlord Duties 10<br />
Lease with Option to Buy or Lease to Purchase; What Renters Sear for 10<br />
Working with Homeowner and Prospective Tenant 10<br />
Module 2: The Rental Process: From Application to Move-In and Beyond<br />
Rental Application 10<br />
Accepting Section 8 Rent Subsidies; Criminal Background Check and Credit Screening 5<br />
Credit Check 5<br />
Declination Letter; Completing the Lease Agreement 10<br />
Fair Housing for Renters and Landlords; Special Requirements for Disabled Tenants 10<br />
Protected Classifications 5<br />
Leasing in Senior Communities: Managing the Move-in Process 5<br />
Company Policy Suggestions: Why Leasing Is Not Property Management; Common<br />
Landlord Problems 15<br />
Tenant Issues with Landlord 5<br />
Final Exam<br />
TOTAL: 150 min ÷ 50 class hr = 3.0 Hours<br />
10. Kaplan Pr<strong>of</strong>essional Schools<br />
“Nevada Agency: Who Represent Whom?”<br />
Request: 3 Hours Agency Correspondence<br />
Recommendation: Approve – 3 Hours – Agency – Correspondence. The course content meets<br />
NAC 645 standards.<br />
Instructors: John Mathis<br />
Objective: After completing this course you will be able to:<br />
• Identify the various types <strong>of</strong> agency relationships common in real estate pr<strong>of</strong>ession<br />
and the characteristics <strong>of</strong> each;<br />
• Describe the duties involved in an agency relationship;<br />
• Explain the process by which agency is created and terminated and the role <strong>of</strong><br />
disclosure in agency relationships.<br />
Standards: 1(a) Current information on real estate which will improve the pr<strong>of</strong>essional knowledge<br />
<strong>of</strong> the licensee and enable him to give better service to the public.<br />
2(n) Agency and subjects related to agency.<br />
<strong>Page</strong> 10 <strong>of</strong> <strong>61</strong>
Content:<br />
Introduction & Course Objectives 5<br />
Module 1: Agency Creation, Law, and Relationships<br />
What is a Real Estate Broker? (Includes definition and information from NRS645.030) 5<br />
Business Licenses (State and Local) 5<br />
Place <strong>of</strong> Business and Branch Offices 5<br />
Broker Supervision: Legal Duties <strong>of</strong> a Real Estate Broker (NRS 645.600, NRS645.254) 5<br />
Law <strong>of</strong> Agency (NRS 645.252 to 645.254) 5<br />
Creation <strong>of</strong> Agency(Express Agency, Implied or Unintentional Agency, Compensation) 5<br />
Agency Relationships in Nevada (NRS.645.252, position statement Multiple Representation) 20<br />
Module 2: Responsibilities and Duties<br />
Nevada Law and Reference Guide 3 rd Edition 5<br />
Fiduciary Responsibilities (Obligation to buyer, Care, Obedience, Loyalty, Confidentiality) 15<br />
Duties Owed by a Nevada Real Estate Licensee (NRS645.252, NRS645.253) 20<br />
Residential Disclosure Guide 2011 5<br />
Nevada’s Stigmatized Property Statute includes (NRS.40.770) 5<br />
Module 3: Disclosure, Confirmation, Liability, and Termination<br />
Disclosure and Confirmation <strong>of</strong> Agency Relationships 20<br />
Consequences <strong>of</strong> Breach <strong>of</strong> Duty 5<br />
Liability 5<br />
Termination <strong>of</strong> Agency 10<br />
Appendices’ 5<br />
Final Exam<br />
TOTAL: 150 min ÷ 50 class hr = 3.0 Hours<br />
11. Kaplan Pr<strong>of</strong>essional Schools<br />
“The Truth About Mold V2.1”<br />
Request: 3 Hours General Internet<br />
Recommendation: Approve – 3 Hours – General – Internet. The course content is an upgraded<br />
version and replacement for the previously approved CE.3227007-RE that<br />
expires next year. Sponsor will phase out and cancel the old course once the<br />
new one is approved. The course content meets NAC645 standards.<br />
Instructors: John Mathis<br />
Objective: After completing this course you will be able to:<br />
• Recognize the importance <strong>of</strong> mold and its function on earth<br />
• Identify the names <strong>of</strong> the most common household molds (Group II)<br />
• Identify the names <strong>of</strong> the molds <strong>of</strong>ten found in water-damaged homes (Group I)<br />
• Describe the structure <strong>of</strong> mold<br />
• Explain the significance <strong>of</strong> mold spores<br />
• Identify the three most important conditions that are needed for spores to be activated<br />
• Identify food sources for common household mold<br />
• List the most common sources <strong>of</strong> moisture that generally results in growth <strong>of</strong> mold<br />
• Describe how energy-efficient building practices facilitate mold infestations<br />
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• Explain how changing weather conditions and global warming may be contributing to<br />
mold problems<br />
• Describe how poor design and/or defects in construction materials and methods may<br />
lead to mold infestations<br />
• Identify the three major types <strong>of</strong> illness that can be caused by common household<br />
molds<br />
• Describe mycotoxins and recognize which molds produce them, under what<br />
conditions, and why<br />
• Identify the adverse health effects that have been known and alleged to be caused by<br />
mycotoxins<br />
• Explain why illness caused by mold is challenging for physicians to diagnose<br />
• Describe the possible “mold scenarios” that may occur in a home<br />
• Identify when testing and/or sampling may be necessary<br />
• Explain when you can clean up a mold problem yourself and when the situation calls<br />
for pr<strong>of</strong>essional assistance<br />
• Summarize how a mold problem that has already been cleaned up may return<br />
• Describe the information available about mold on federal web sites (i.e. the Centers<br />
for Disease Control and Environmental Protection Agency)<br />
• Identify the National Association <strong>of</strong> Realtors recommendations and policies regarding<br />
mold infestation<br />
• Describe NAR’s concerns and recommendations about mold<br />
• Explain why there are currently no health standards for mold<br />
• Summarize the key issues considered in the Melina Bill, the legislation proposed in<br />
the House <strong>of</strong> Representatives in 2003<br />
• Describe what to look for in a walk-through inspection, whether you’re listing the<br />
home or working for a buyer<br />
• Summarize the information you should give your seller and your buyer about mold<br />
• Understand what to do and to ask if the seller has had water infiltration (penetration)<br />
or mold problems<br />
• Describe how to find qualified people in the event that you need a mold inspection<br />
and/or a mold re-mediator<br />
• Identify the most important steps to take to protect yourself and your client from legal<br />
liability in case you are involved in a real estate transaction involving water damage<br />
and/or mold<br />
Standards: 1(a) Current information on real estate which will improve the pr<strong>of</strong>essional knowledge<br />
<strong>of</strong> the licensee and enable him to give better service to the public.<br />
Content:<br />
Introduction: What is Mold? 15<br />
Reading Comprehension Quiz<br />
Interactive Exercise<br />
Unit Exam<br />
What Does Mold Look Like, How Does it Reproduce, and When Does it Thrive? 20<br />
Reading Assignment<br />
Reading Comprehension Quiz<br />
Interactive Exercise<br />
Unit Exam<br />
<strong>Page</strong> 12 <strong>of</strong> <strong>61</strong>
Why Has Mold Become a Problem? 15<br />
Reading Assignment<br />
Reading Comprehension Quiz<br />
Interactive Exercise<br />
Unit Exam<br />
Adverse Health Effects <strong>of</strong> Mold 20<br />
Reading Assignment<br />
Reading Comprehension Quiz<br />
Interactive Exercise<br />
Unit Exam<br />
Inspection and Re-mediation 20<br />
Reading Assignment<br />
Reading Comprehension Quiz<br />
Interactive Exercise<br />
Unit Exam<br />
Policies, Standards, and Legislation 20<br />
Reading Assignment<br />
Reading Comprehension Quiz<br />
Interactive Exercise<br />
Unit Exam<br />
Reducing Liability 25<br />
Reading Assignment<br />
Reading Comprehension Quiz<br />
Interactive Exercise<br />
Unit Exam<br />
Court Cases and Litigation 5<br />
Reading Assignment<br />
Case Studies 10<br />
TOTAL: 150 min ÷ 50 class hr = 3.0 Hours<br />
12. Kaplan Pr<strong>of</strong>essional Schools<br />
“Understanding 1031 Tax-Free Exchanges V2.2”<br />
Request: 3 Hours General Internet<br />
Recommendation: Approve – 3 Hours – General – Internet. The course content is an upgraded<br />
version and replacement for the previously approved CE.3226008-RE that<br />
expires next year. Sponsor will phase out and cancel the old course once the<br />
new one is approved. The course content meets NAC645 standards.<br />
Instructors: John Mathis<br />
Objective: After completing this course you will be able to:<br />
• Describe the various types <strong>of</strong> taxes and the differences between earned income and<br />
unearned income<br />
• Identify the types <strong>of</strong> unearned income<br />
• Explain the differences between long-term and short-term capital gains<br />
• Explain the history <strong>of</strong> depreciation schedules<br />
• Calculate the capital gain on a real estate transaction<br />
<strong>Page</strong> 13 <strong>of</strong> <strong>61</strong>
• Summarize the choices an investor client has upon the sale <strong>of</strong> investment property<br />
• Summarize the choices investor clients have upon the sale <strong>of</strong> their investment<br />
properties<br />
• Describe a typical installment sale situation<br />
• List and explain the benefits <strong>of</strong> an installment sale to the buyer, seller and agent<br />
• List and explain the potential disadvantages <strong>of</strong> an installment sale to the buyer, seller,<br />
and agent<br />
• List the major historical events that affected the use <strong>of</strong> 1031 exchanges<br />
• Identify the major provisions <strong>of</strong> the law<br />
• List the four classes <strong>of</strong> real estate as per IRS<br />
• Understand a basic/straight/simultaneous exchange<br />
• Explain the concept <strong>of</strong> “boot”<br />
• Explain the concepts <strong>of</strong> “buy up,” “mortgage up,” and “spending all the money”<br />
• Describe the role Starker played in the evolution <strong>of</strong> the exchange, including the<br />
reverse Starker exchange<br />
• Describe the impact and meaning <strong>of</strong> the major words found in the law (e.g. <br />
held, like-kind )<br />
• Describe how leases for more than 30 years qualify for 1031 treatment<br />
• Discuss the identification rule<br />
• Discuss the three-property rule/200 percent rule/95 percent rule<br />
• Discuss the 45-day clock<br />
• Discuss the 180-day clock<br />
• Describe the handling <strong>of</strong> the proceeds <strong>of</strong> sale and qualifications <strong>of</strong> the “safe harbor”<br />
• Explain the transfer <strong>of</strong> cost basis and depreciation from the old to the new property<br />
• Briefly identify the rules for a personal property tax-free exchange<br />
• Describe the IRS Form 8824 Tax-Free Exchange<br />
• Describe the wording needed in the various contracts <strong>of</strong> sale for the relinquished and<br />
replacement property<br />
• Explain the purpose <strong>of</strong> the exchange agreement<br />
• Describe the use <strong>of</strong> property assignment forms and addendum to closing statement<br />
form.<br />
Standards: 1(a) Current information on real estate which will improve the pr<strong>of</strong>essional knowledge<br />
<strong>of</strong> the licensee and enable him to give better service to the public.<br />
Content:<br />
General Discussion <strong>of</strong> Taxes<br />
Reading Assignment 45<br />
Reading Comprehension Quiz<br />
Interactive Exercise<br />
Unit Exam<br />
Installment Sales 45<br />
Reading Assignment<br />
Reading Comprehension Quiz<br />
Interactive Exercise<br />
Unit Exam<br />
The 1031 Tax-Free Exchange 45<br />
Reading Assignment<br />
<strong>Page</strong> 14 <strong>of</strong> <strong>61</strong>
Reading Comprehension Quiz<br />
Interactive Exercise<br />
Unit Exam<br />
The Law and the Rules 45<br />
Reading Assignment<br />
Reading Comprehension Quiz<br />
Interactive Exercise<br />
Unit Exam<br />
The Paperwork<br />
Reading Assignment<br />
Reading Comprehension Quiz<br />
Interactive Exercise<br />
Unit Exam<br />
Case Studies 15<br />
Understanding 1031 Tax-Free Exchanges<br />
TOTAL: 205 min ÷ 50 class hr = 4.1 Hours<br />
13. Kaplan Pr<strong>of</strong>essional Schools<br />
“Risk Management V4.0”<br />
Request: 6 Hours Broker Management Internet<br />
Recommendation: Approve – 6 Hours – Broker Management – Internet. The course content is<br />
an upgraded version and replacement for the previously approved<br />
CE.3644006-RE that expires next year. Sponsor will phase out and cancel<br />
the old course once the new one is approved. The course content meets<br />
NAC645 standards.<br />
Instructors: John Mathis<br />
Objective: The topics presented in this course are designed to identify the area <strong>of</strong> greatest risk to the<br />
real estate pr<strong>of</strong>essional and provide tips and techniques for managing risk. Unit 2<br />
involves misrepresentation, nondisclosure, and the unauthorized practice <strong>of</strong> law.<br />
According to the National Association <strong>of</strong> Realtors approximately two-thirds <strong>of</strong> lawsuits<br />
brought against real estate licensees are based on misrepresentation, negligence, or fraud.<br />
Unit 3 presents a discussion <strong>of</strong> environmental hazards, including lead-based pain, mold<br />
and up-to-date information regarding meth labs. Unit 4 focuses on agency and the<br />
various brokerage relationships, including the growing popularity <strong>of</strong> the non-agency<br />
relationship. Federal fair housing laws are discussed in Unit 5, and Unit 6 examines the<br />
Americans with Disabilities Act. Unit 7 concludes the course with an analysis <strong>of</strong><br />
antitrust laws, including discussion <strong>of</strong> antitrust issues impacting today’s real estate<br />
market. This course can be defined as a plan <strong>of</strong> action to minimize a real estate broker’s<br />
risk <strong>of</strong> liability.<br />
Standards: 1(a) Current information on real estate which will improve the pr<strong>of</strong>essional knowledge<br />
<strong>of</strong> the licensee and enable him to give better service to the public.<br />
2(b) Legislative issues which concern the practice <strong>of</strong> real estate or licensees, including<br />
pending and recent legislation.<br />
<strong>Page</strong> 15 <strong>of</strong> <strong>61</strong>
Content:<br />
Unit 1: Introduction to Managing Risk<br />
Explain the four components <strong>of</strong> risk managing and how each component can be used 15<br />
Explain the purpose and importance <strong>of</strong> errors and omissions (E&O) insurance 15<br />
Unit 2: Misrepresentation, Nondisclosure, and Unauthorized Practice <strong>of</strong> Law<br />
List the legal theories <strong>of</strong> liability 11<br />
Discuss what constitutes the unauthorized practice <strong>of</strong> law 11<br />
Define stigmatized property 11<br />
Determine state disclosure responsibilities as a result <strong>of</strong> Megan’s Law 12<br />
Unit 3: Disclosure <strong>of</strong> Environmental Hazards<br />
Discuss federal environmental legislation 11<br />
Recognize red flags associated with various hazards 11<br />
Understand the requirements imposed by the Lead-Based Paint Hazard Reduction Act 11<br />
Determine the impact mold has had on the real estate industry, especially regarding<br />
homeowner’s insurance 12<br />
Unit 4: Agency<br />
Describe legal liability issues regarding agency and non-agency 11<br />
Discuss the fiduciary responsibilities owed to buyers and sellers 11<br />
Understand the duties <strong>of</strong> a dual agent to both seller and buyer 11<br />
Explain the advantages and drawbacks <strong>of</strong> seller agency, buyer agency, and dual agency<br />
for in-house sales 12<br />
Unit 5: Federal Fair Housing Laws<br />
Name the protected classes and detail the conduct prohibited by the fair housing laws 15<br />
Describe the practice <strong>of</strong> steering, redlining, and blockbusting 15<br />
Explain the Fair Housing Act’s prohibition <strong>of</strong> discriminatory advertising and list the<br />
enforcement options 15<br />
Unit 6: The American’s with Disabilities Act<br />
Define the term disability under the American’s with Disabilities Act (ADA) 11<br />
Outline requirements, prohibitions, and remedies <strong>of</strong> Title I <strong>of</strong> the ADA 11<br />
Detail the requirements and enforcement provisions for public accommodations under<br />
Title III <strong>of</strong> the ADA 11<br />
Discuss important tips for commercial real estate practitioners 12<br />
Unit 7 Antitrust Laws<br />
Describe the Sherman Antitrust Act and the Federal Trade Commission Act 11<br />
List the categories <strong>of</strong> restraint and the types <strong>of</strong> conduct that imply an antitrust violation 11<br />
Outline how the federal antitrust laws are enforced 11<br />
Point out ways for real estate pr<strong>of</strong>essionals to reduce risk <strong>of</strong> antitrust liability and give<br />
examples <strong>of</strong> dangerous words and phrases 12<br />
TOTAL: 300 min ÷ 50 class hr = 6.0 Hours<br />
<strong>Page</strong> 16 <strong>of</strong> <strong>61</strong>
14. Kaplan Pr<strong>of</strong>essional Schools<br />
“Red Flags Property Inspection Guide V4.0”<br />
Request: 6 Hours General Internet<br />
Recommendation: Approve – 6 Hours – General – Internet. This course will replace the<br />
previously approved CE.2577022-RE. Sponsor will cancel the old class once<br />
the new one is approved. The course content meets NAC645 standards.<br />
Instructors: John Mathis<br />
Objective: After completing this course you will be able to:<br />
• Understand the meaning <strong>of</strong> the term red flag<br />
• Know what a safety hazard is<br />
• Know why red flags are present in a house<br />
• Have a better understanding <strong>of</strong> soils, Mother Nature’s effect on soils, and what their<br />
effects are on a house<br />
• Be aware <strong>of</strong> the most common conditions that cause red flags<br />
• Know whom to contact for advice in various red flag situations<br />
• Understand the significance <strong>of</strong> cracks in structures, driveways, sidewalks, patios,<br />
basement floors, and various foundation types<br />
• Know the importance <strong>of</strong> proper drainage, building ventilation, hillside instability, and<br />
fills as well as the red flags associated with theses<br />
• Be aware <strong>of</strong> the problems arising from ro<strong>of</strong>, window, and flashing leakage and the red<br />
flags present<br />
• Recognize the importance <strong>of</strong> proper construction and installation <strong>of</strong> handrails and<br />
guardrails<br />
• Know the location <strong>of</strong> the areas in and around a structure that can contain possible<br />
defects that cause harmful effects to the inhabitants and the red flags associated with<br />
these defects<br />
• Be aware <strong>of</strong> and learn to pay special attention to the several inside the home that can<br />
contain red flags<br />
• Recognize the importance <strong>of</strong> the proper installation <strong>of</strong> stairs<br />
• Know the procedures for detecting red flags in areas <strong>of</strong> the home such as floors, doors<br />
and windows, fireplaces, stairways, and glass panes<br />
• Be able to discover possible locations for concealed red flags and be aware <strong>of</strong> the<br />
reasons for concealment<br />
• Know how to identify red flags associated with the mechanical systems <strong>of</strong> the house<br />
• Understand the hazards <strong>of</strong> various mechanical items in the house<br />
• Be aware <strong>of</strong> the adverse effects <strong>of</strong> hazardous materials on residential property values<br />
• Know the various types <strong>of</strong> hazardous materials that may be present in a residential<br />
property<br />
• Recognize where hazardous material may be located<br />
• Know the red flag indicators identifying these materials and the names <strong>of</strong> various<br />
federal agencies that can provide additional information<br />
Standards: 1(a) Current information on real estate which will improve the pr<strong>of</strong>essional knowledge<br />
<strong>of</strong> the licensee and enable him to give better service to the public.<br />
2(q) Personal development courses.<br />
<strong>Page</strong> 17 <strong>of</strong> <strong>61</strong>
Content:<br />
Red Flags: What Are They and What Causes Them? 65<br />
Reading Assignment<br />
Reading Comprehension Quiz<br />
Interactive Exercise<br />
Unit Exam<br />
Inspecting for Red Flags Outside <strong>of</strong> the Home 80<br />
Reading Assignment<br />
Reading Comprehension Quiz<br />
Interactive Exercise<br />
Unit Exam<br />
Inspecting for Red Flags Inside the Home 80<br />
Reading Assignment<br />
Reading Comprehension Quiz<br />
Interactive Exercise<br />
Unit Exam<br />
Red Flags Associated with Environmental Hazards 60<br />
Reading Assignment<br />
Reading Comprehension Quiz<br />
Interactive Exercise<br />
Unit Exam<br />
Final Exam 15<br />
TOTAL: 300 min ÷ 50 class hr = 6.0 Hours<br />
15. Ben C. Scheible Seminars<br />
“Resolving Ethical Dilemmas”<br />
Request: 3 Hours Ethics Classroom<br />
Recommendation: Approve – 3 Hours – Ethics – Classroom. The course contents meet NAC<br />
645 standards.<br />
Instructors: Ben C. Scheible<br />
Objective:<br />
• Identify ethical dilemmas and conflicts in the real estate pr<strong>of</strong>ession<br />
• Identify “tools” available to resolve dilemmas<br />
• Apply “tools” to resolve ethical dilemmas<br />
Standards: 1(a) Current information on real estate which will improve the pr<strong>of</strong>essional knowledge<br />
<strong>of</strong> the licensee and enable him to give better service to the public.<br />
1(b) Information that relates to pertinent Nevada laws and regulations.<br />
2(a) Ethics <strong>of</strong> selling real estate.<br />
2(b) Legislative issues which concern the practice <strong>of</strong> real estate or licensees, including<br />
pending and recent legislation.<br />
2(c) The administration <strong>of</strong> real estate law and regulations, including licensing and<br />
enforcement.<br />
<strong>Page</strong> 18 <strong>of</strong> <strong>61</strong>
Content:<br />
Introduction 5<br />
Module One: Identification <strong>of</strong> an Ethical Dilemma<br />
What is an ethical dilemma? 10<br />
Heinz’s Dilemma case #1 20<br />
Module Two: Methods to Resolve Ethical Dilemmas<br />
Three approaches 20<br />
Teleological – results oriented<br />
Deontological – act orientated<br />
Law, balance, how will I feel?<br />
Three step model combining the first two 10<br />
BREAK 15 Minutes<br />
Module Three: Application <strong>of</strong> Resolution Models<br />
The Coach’s Dilemma Case # 2 20<br />
Module Four: Application <strong>of</strong> Resolution Models to Real Estate (The Clampett family)<br />
“Fer” sale by Jed case # 3 10<br />
Jed buys a house case # 4 10<br />
Jethro wants to buy a house case # 5` 20<br />
BREAK 15 Minutes<br />
Elly May needs a loan case # 6 20<br />
Conclusion 5<br />
TOTAL: 150 min ÷ 50 class hr = 3.0 Hours<br />
16. Ben C. Scheible Seminars<br />
“Short Sale Contracts Explained”<br />
Request: 3 Hours Contracts Classroom<br />
Recommendation: Approve – 3 Hours – Contracts – Classroom. The course content meets NAC<br />
645 standards.<br />
Instructors: Ben C. Scheible<br />
Objective:<br />
• Identify the contracts in a short sale transaction<br />
• Identify and describe the key contract principles that are applicable in a short sale<br />
transaction<br />
• Identify contract barriers to closing a short sale<br />
Standards: 1(a) Current information on real estate which will improve the pr<strong>of</strong>essional knowledge<br />
<strong>of</strong> the licensee and enable him to give better service to the public.<br />
1(b) Information that relates to pertinent Nevada laws and regulations.<br />
2(a) Ethics <strong>of</strong> selling real estate.<br />
2(b) Legislative issues which concern the practice <strong>of</strong> real estate or licensees, including<br />
pending and recent legislation.<br />
2(d) Real estate financing, including mortgages and other techniques.<br />
2(p) The preparation <strong>of</strong> real estate contracts.<br />
<strong>Page</strong> 19 <strong>of</strong> <strong>61</strong>
Content:<br />
Introduction 5<br />
Module One: Description and Types <strong>of</strong> Short Sale<br />
Definition/description <strong>of</strong> a short sale 5<br />
Use <strong>of</strong> terms in this course 5<br />
The contracts and parties involved in a short sale transaction (handout) 20<br />
A closer look at the addenda 10<br />
Module Two: Application <strong>of</strong> Basic Contract Law to a Short Sale Transaction<br />
Conditions/Contingencies analyses and examples 15<br />
BREAK 15 Minutes<br />
The short sale contingency 15<br />
The earnest money deposit 5<br />
MODULE THREE: SHORT SALE PROCESSES<br />
The non-HAFA short sale 10<br />
The HAFA (Home Affordable Foreclosure Alternatives) short sale process (Expires<br />
12/31/2013) 15<br />
Non-HAFA and HAFA comparison (Handout) 5<br />
BREAK 15 Minutes<br />
MODULE FOUR: SOME DETAILS<br />
Will this transaction close? 20<br />
Taxes: Mortgage Debt Forgiveness Act <strong>of</strong> 2007 5<br />
Deficiencies 10<br />
Conclusion 5<br />
TOTAL: 150 min ÷ 50 class hr = 3.0 Hours<br />
17. Ben C. Scheible Seminars<br />
“A New Look at Agency”<br />
Request: 3 Hours Agency Classroom<br />
Recommendation: Approve – 3 Hours – Agency – Classroom. The course content meets<br />
NAC645 standards.<br />
Instructors: Ben C. Scheible<br />
Objective:<br />
• Describe the elements <strong>of</strong> the statutory definition <strong>of</strong> “agency”<br />
• To identify the types <strong>of</strong> allowable agency relationships<br />
• To explain the duties owed by a real estate licensee<br />
Standards: 1(a) Current information on real estate which will improve the pr<strong>of</strong>essional knowledge<br />
<strong>of</strong> the licensee and enable him to give better service to the public.<br />
1(b) Information that relates to pertinent Nevada laws and regulations.<br />
2(a) Ethics <strong>of</strong> selling real estate.<br />
2(b) Legislative issues which concern the practice <strong>of</strong> real estate or licensees, including<br />
pending and recent legislation.<br />
2(n) Agency and subjects related to agency.<br />
<strong>Page</strong> 20 <strong>of</strong> <strong>61</strong>
Content:<br />
Introduction 5<br />
Module One: Statutory Definitions<br />
Definitions <strong>of</strong> “agency” and “brokerage agreement” 5<br />
Quiz on Statutory Definitions 10<br />
Module Two: Types <strong>of</strong> Agency Relationships<br />
Three allowable agency relationships in Nevada 5<br />
Relationships not allowed 5<br />
Case study: Allowable energy relationships 10<br />
Focus on acting for more than one party to a transaction 10<br />
Focus on assigned agency 10<br />
Disclosure and confirmation <strong>of</strong> agency relationships 5<br />
Case study: Disclosure and confirmation <strong>of</strong> agency relationships 10<br />
BREAK 15 Minutes<br />
Module Three: Duties Owed to All Parties<br />
Review form Duties Owed by a Nevada Real Estate Licensee 5<br />
Disclosure <strong>of</strong> material facts relating to the property 5<br />
Reasonable skill and care 5<br />
Quiz on Duties Owed to all Parties 5<br />
BREAK 15 Minutes<br />
Module Four: Duties Owed to a Client<br />
Reasonable skill and care to carry terms <strong>of</strong> brokerage agreement 5<br />
Confidentiality 5<br />
Disclosure <strong>of</strong> material facts concerning the transaction 5<br />
Quiz on Duties Owed to a Client 10<br />
Module Five: Duties Not Owed by a Nevada Real Estate Licensee<br />
Statements made by an expert, financial condition <strong>of</strong> a party, and investigation <strong>of</strong> the<br />
property 10<br />
Module Six: Waiver <strong>of</strong> a Duty or Duties<br />
Duty to present all <strong>of</strong>fers, the only duty that can be waived 5<br />
Case study: Do not present any <strong>of</strong>fers after one has been accepted 10<br />
Conclusion 5<br />
TOTAL: 150 min ÷ 50 class hr = 3.0 Hours<br />
<strong>Page</strong> 21 <strong>of</strong> <strong>61</strong>
18. Greater Las Vegas Association <strong>of</strong> Realtors ®<br />
“Risk Management Update 2012”<br />
Request: 3 Hours Contracts Classroom<br />
Recommendation: Approve – 3 Hours – Contracts – Classroom. The course content meets NAC<br />
645 standards.<br />
Instructors: Deanne M. Rymarowicz<br />
Objective: This course is specifically designed to update brokers and agents on contracts and related<br />
forms. The program will build upon the principles learned in the Conquering Contract<br />
series, and will highlight changes to existing contracts and form – either due to statutory<br />
changes or periodic revisions in 2012. In addition, a brief recap <strong>of</strong> the applicable statutes,<br />
legal concepts and rules will preface the form, to place the form in proper context and<br />
keep these concepts in the student’s awareness. Where possible, revised forms will be<br />
provided in a “redline” format, allowing students to see where changes were made to the<br />
document. We will discuss how this information can assist licensee’s communication<br />
with their clients and customers in the course <strong>of</strong> their real estate transactions.<br />
Standards: 1(a) Current information on real estate which will improve the pr<strong>of</strong>essional knowledge<br />
<strong>of</strong> the licensee and enable him to give better service to the public.<br />
2(a) Ethics <strong>of</strong> selling real estate.<br />
2(p) The preparation <strong>of</strong> real estate contracts.<br />
Content:<br />
Residential Listing / Sale Transaction 20<br />
Buyer Brokerage Agreement (Revised)<br />
Flat fee compensation<br />
Digital signatures<br />
Other changes<br />
Short Sale Addendum (Revised) 20<br />
Return <strong>of</strong> EMD for time cancellation<br />
Discussion <strong>of</strong> judicial v. non-judicial foreclosure<br />
Foreclosure information<br />
Counter Offer (Revised) 10<br />
Additional page<br />
How/when to use it<br />
Addendum to Purchase Agreement (Revised)<br />
Additional page<br />
How/when to use it<br />
BREAK 10 Minutes<br />
Listing Agreement (Revised) 20<br />
Foreclosure information<br />
Lock box selection<br />
Mechanical Lock Box Authorization (NEW)<br />
Rationale behind the form<br />
How/when to use it<br />
Land Transaction Forms 30<br />
Vacant Land Purchase Agreement<br />
<strong>Page</strong> 22 <strong>of</strong> <strong>61</strong>
Vacant Land Disclosure<br />
BREAK 10 Minutes<br />
Property Management Forms 20<br />
Residential Lease Agreement (Revised)<br />
Security Deposit discussion<br />
Rationale behind the amendment<br />
Disclosures & Information 30<br />
Buyer Acknowledgement and Release (New)<br />
Rational behind the form<br />
How/when to use it<br />
Hold Harmless Agreement (New)<br />
Rational behind the form<br />
How/when to use it<br />
CIC Request for Resale Package (Revised)<br />
Rational behind the changes<br />
How to complete it<br />
Questions 10<br />
TOTAL: 160 min ÷ 50 class hr = 3.2 Hours<br />
19. Greater Las Vegas Association <strong>of</strong> Realtors ®<br />
“Agency – Do I know Who I Represent?”<br />
Request: 3 Hours Agency Classroom<br />
Recommendation: Approve – 3 Hours – Agency – Classroom. The course content meets NAC<br />
645 standards.<br />
Instructors: Nancy Anderson JC Arens Lee K. Barrett<br />
David Berg David Boyer Rick Brenkus<br />
Teri Brenkus Jimmy Dague Deirdre Felgar<br />
Soozi Jones-Walker Keith Kelley Myrna Kingham<br />
Keith Lynam Aldo Martinez JC Melvin<br />
Fafie Moore Sue Naumann Norma Jean Opatik<br />
Devin Reiss Linda Rheinberger Neil Schwartz<br />
Stephanie Serra Cheryl Smith Ronnie Vause<br />
Objective: Understand General Law <strong>of</strong> Agency, statutes that govern Duties Owed, reviewing<br />
Agency Law violations, discovering what we are liable for, how Agency is terminated.<br />
Standards: 1(a) Current information on real estate which will improve the pr<strong>of</strong>essional knowledge<br />
<strong>of</strong> the licensee and enable him to give better service to the public.<br />
2(a) Ethics <strong>of</strong> selling real estate.<br />
2(b) Legislative issues which concern the practice <strong>of</strong> real estate or licensees, including<br />
pending and recent legislation.<br />
2(n) Agency and subjects related to agency.<br />
Content:<br />
Introduction and Ice Breaker 10<br />
Discovering Agency…What is it? 10<br />
Why is a Brokerage Agreement needed 10<br />
<strong>Page</strong> 23 <strong>of</strong> <strong>61</strong>
A Review <strong>of</strong> NRS 645.252, NRS 645.254 10<br />
The Duties Owed Forms 10<br />
BREAK 10 Minutes<br />
Duties Owed (continued) 10<br />
What is Multiple Representation 10<br />
Consent to Act Form 15<br />
How is Agency Created 10<br />
What Agency and Referrals 5<br />
BREAK 10 Minutes<br />
Meeting the “Freasnce Brothers” 10<br />
Misrepresentation 20<br />
What Am I not Liable For? 10<br />
Terminating Agency 10<br />
TOTAL: 150 min ÷ 50 class hr = 3.0 Hours<br />
20. Greater Las Vegas Association <strong>of</strong> Realtors ®<br />
“Green 200: The Science <strong>of</strong> Green Building”<br />
Request: 6 Hours General Classroom<br />
Recommendation: Approval - 6 Hours General – Classroom. Green is not part <strong>of</strong> our standards<br />
but the course content provides pr<strong>of</strong>essional knowledge to a licensee in the<br />
exchange <strong>of</strong> real property in regards to green products that are part <strong>of</strong><br />
residential and/or commercial properties. The content <strong>of</strong> this course is more<br />
detailed in providing knowledge in green technology for home building and<br />
buying. This course is an NAR course and three sponsors are contracted to<br />
<strong>of</strong>fer the course; this course is also submitted for approval by The CE Shop<br />
for distance education. The course contents meets NAC 645 standards.<br />
Instructors: Lee K. Barrett JC Melvin Terry Watson<br />
Objective:<br />
• Describe consideration sin site and design selections<br />
• Follow the sequence <strong>of</strong> steps in green home design and the selection <strong>of</strong> materials and<br />
systems<br />
• Suggest methods and find sources for managing construction waste<br />
• Identify components <strong>of</strong> the building envelope<br />
• Learn about innovative building technologies and materials<br />
• Recognize types <strong>of</strong> green systems for homes<br />
• Communicate the pros and cons and interrelationships <strong>of</strong> interior systems<br />
• Guide consumers to information about incentives for green homes<br />
• Communicate the pros and cons <strong>of</strong> generating your own energy<br />
• Discuss the technologies and methods for on-site power generation including wind<br />
and solar power<br />
• Explain the benefits <strong>of</strong> retr<strong>of</strong>its for existing homes<br />
• Evaluate cost-benefit balance <strong>of</strong> retr<strong>of</strong>itting, remodeling, renovating<br />
<strong>Page</strong> 24 <strong>of</strong> <strong>61</strong>
Standards: 1(a) Current information on real estate which will improve the pr<strong>of</strong>essional knowledge<br />
<strong>of</strong> the licensee and enable him to give better service to the public.<br />
2(q) Personal development courses.<br />
Content:<br />
Introduction 20<br />
Course Learning Goals<br />
Learning Objectives<br />
What’s Your Sustainability IQ?<br />
Chapter 1: Green Home Design<br />
3 Reasons for Going Green 5<br />
Green Design, Green Choices Site Selection 5<br />
Site Selection 5<br />
The Green Team 5<br />
Home Design 5<br />
Building Materials 5<br />
The Life Cycle <strong>of</strong> Buildings 5<br />
Interior Systems 5<br />
Chapter 2: Green Home Construction – The Building Envelope<br />
Defining the Building Envelope 5<br />
Building Envelope Components 5<br />
Below-Grade Systems 10<br />
Framing and Walls 15<br />
Insulation 15<br />
Fenestration – Windows and Doors 10<br />
Ro<strong>of</strong>s 10<br />
What do You Need to Know? 5<br />
Chapter 3: Green Home Construction – Systems<br />
Do Green Systems Cost More? 5<br />
HVAC System Ratings Cooling Systems 5<br />
Cooling Systems 10<br />
Heating Systems 10<br />
Solar Heating – Active and Passive 10<br />
More Green Heating Choices 5<br />
Geothermal Heating and Cooling 5<br />
Ventilation, Indoor AirPlus 5<br />
Indoor Environmental Quality 5<br />
Lighting 10<br />
Appliances 5<br />
Water Heating, EPA WaterSense 10<br />
Greywater 5<br />
Water Management – Outside 10<br />
Chapter 4: Power Off the Grid<br />
The Net Zero Energy Home 10<br />
New Technologies, New Issues 10<br />
Net Metering 5<br />
Solar Photovoltaic 10<br />
Wind Power 10<br />
<strong>Page</strong> 25 <strong>of</strong> <strong>61</strong>
Chapter 5: Greening Existing Homes<br />
What Do You Need to Know? 5<br />
Why Green an Existing Home? 5<br />
Greening Challenges 5<br />
Getting Started 5<br />
Green Homeowners Insurance 5<br />
Recycle the Whole House? 5<br />
Indoor Air Quality 10<br />
Reseal the Building Envelope 10<br />
Deep Energy Retr<strong>of</strong>it 5<br />
Greening Opportunities 5<br />
The Green Household 5<br />
Lawn and Garden Care 5<br />
Changing Habits 5<br />
Checklist for Greening a Home 10<br />
Summing up 5<br />
Exam 60<br />
TOTAL: 430 min ÷ 50 class hr = 8.6 Hours<br />
21. Reno/Sparks Association <strong>of</strong> Realtors ®<br />
“Fair Housing from A to Z”<br />
Request: 4 Hours Ethics Classroom<br />
Recommendation: Approve – 4 Hours – Ethics – Classroom. The course content meets NAC<br />
645 standards.<br />
Instructors: Adorna Carroll<br />
Objective: Students will understand the discriminatory housing practices under the Fair Housing Act<br />
and its amendments. Agent will be able to summarize the changes made in enforcement,<br />
including new statutes <strong>of</strong> limitation and relief that is now available. Agents will walk<br />
away with knowing how the Fair Housing Act is applied to rentals. Students also will be<br />
able to demonstrate the Fair Housing Act’s prohibition on discriminatory advertising.<br />
Most importantly they will learn how to describe the changes made in enforcement in the<br />
1988 Fair Housing Amendments Act and the recent Supreme Court decisions dealing<br />
with housing discrimination to their clients<br />
Standards: 1(a) Current information on real estate which will improve the pr<strong>of</strong>essional knowledge<br />
<strong>of</strong> the licensee and enable him to give better service to the public.<br />
2(a) Ethics <strong>of</strong> selling real estate.<br />
Content:<br />
Introduction and Course Overview<br />
Chapter 1<br />
1<br />
Historical Overview <strong>of</strong> Fair Housing 10<br />
Protected Classes 2<br />
Exemptions 6<br />
The Fair Housing Act 12<br />
The HUD Regulations<br />
<strong>Page</strong> 26 <strong>of</strong> <strong>61</strong><br />
15
2012 Equal Access Rule 4<br />
Redlining 2<br />
State and Local Fair Housing Laws 3<br />
Case Study 6<br />
Chapter 2<br />
Changes Made in Enforcement 2<br />
Application <strong>of</strong> the Fair Housing Laws to the Banking Industry 6<br />
Case Law 5<br />
Application <strong>of</strong> the Fair Housing Laws to the Insurance Industry 4<br />
American Family Settlement 2<br />
Familial Status Discrimination 2<br />
Housing for Older Persons Act <strong>of</strong> 1995 2<br />
Case Law 3<br />
Definition <strong>of</strong> Handicap 2<br />
Disability Discrimination 7<br />
Group Homes 2<br />
Case Law 9<br />
Design and Construction Requirements for New Housing 5<br />
AIDS Disclosure 5<br />
The Americans with Disabilities Act 2<br />
Case Law 2<br />
Case Study 5<br />
Chapter 3<br />
Introduction and Prohibited Conduct 3<br />
Disorganization or Discrimination? 2<br />
Rental Transaction Procedures 6<br />
Participation in the Section 8 Program 2<br />
Case Law 4<br />
Familial Status Discrimination 4<br />
Developing Reasonable Occupancy Standards 4<br />
BOCA’s Guidelines 2<br />
Case Law 3<br />
Developing Reasonable Health and Safety Rules 3<br />
Reasonable Modifications 3<br />
Reasonable Accommodations 7<br />
Case Law 3<br />
Case Study 5<br />
Chapter 4<br />
Section 804(c) <strong>of</strong> the Fair Housing Act 1<br />
The Hunter Decision 2<br />
HUD Advertising Guidelines 5<br />
1995 HUD Memorandum 4<br />
Other Types <strong>of</strong> Discriminatory Advertising 3<br />
The HUD Publisher’s Notice 4<br />
Creating Protective Class Sensitive Advertising 3<br />
Case Law 3<br />
Fair Housing Conciliation Agreement and MLS 2<br />
Case Study 5<br />
<strong>Page</strong> 27 <strong>of</strong> <strong>61</strong>
Chapter 5<br />
Introduction 4<br />
Enforcement Options 1<br />
Standing To Sue 2<br />
The Use <strong>of</strong> Testers 3<br />
Disparate Treatment and Disparate Impact Theories <strong>of</strong> Housing Discrimination 2<br />
The HUD Enforcement Procedure 6<br />
HUD 2010 Report 3<br />
Enforcement by The Justice Department 3<br />
Direct Court Actions 3<br />
Case Study 5<br />
TOTAL: 240 min ÷ 50 class hr = 4.8 Hours<br />
22. Reno/Sparks Association <strong>of</strong> Realtors ®<br />
“Contracts: Principles, Listing and Sales”<br />
Request: 4 Hours Contracts Classroom<br />
Recommendation: Approve – 3 Hours – Contracts. The course content meets NAC 645<br />
standards.<br />
Instructors: Oliver Frascona<br />
Objective: This class is on the preparation <strong>of</strong> real estate contracts. It contains current information on<br />
real estate which will improve the pr<strong>of</strong>essional knowledge <strong>of</strong> licensees that attend the<br />
session. Knowledge <strong>of</strong> how to better prepare contracts will enable licensee to give better<br />
service to the public. Where pertinent Nevada laws and regulations apply, they are<br />
referenced in the course.<br />
Standards: 1(a) Current information on real estate which will improve the pr<strong>of</strong>essional knowledge<br />
<strong>of</strong> the licensee and enable him to give better service to the public.<br />
1(b) Information that relates to pertinent Nevada laws and regulations.<br />
2(a) Ethics <strong>of</strong> selling real estate.<br />
2(d) Real estate financing, including mortgages and other techniques.<br />
2(e) The measurement and evaluation <strong>of</strong> the market for real estate, including<br />
evaluations <strong>of</strong> sites, market data and studies <strong>of</strong> feasibility.<br />
2(p) The preparation <strong>of</strong> real estate contracts.<br />
Content:<br />
Contracts Principals, Listing and Sales 20<br />
Scope 4 Hours<br />
Form review but not line by line<br />
General Contracts Concepts<br />
Residential – Primary Focus<br />
Group Questions on forms throughout<br />
The Rules 20<br />
Statute <strong>of</strong> Frauds<br />
Offer<br />
Acceptance<br />
Counter <strong>of</strong>fer<br />
<strong>Page</strong> 28 <strong>of</strong> <strong>61</strong>
Amendment<br />
Addendum<br />
No Legal Advice!<br />
Elements <strong>of</strong> a Contract<br />
Competent Parties<br />
Consideration<br />
Mutual Agreement<br />
Legal Purpose<br />
Written Memorandum (Real Estate)<br />
The Parties 10<br />
Listing Contract NRS 645.005 & NRS 645.320<br />
Sales Contract<br />
Competent Parties 20<br />
Age<br />
Mental State (Ability to Contract)<br />
Language<br />
Entity Action<br />
Consideration<br />
Payment (Commission)<br />
Perform (MLS)<br />
Promises (Listing/Sales Contracts)<br />
Forbearance (Not do something)<br />
Mutual Agreement<br />
Contract Terms<br />
Counter <strong>of</strong>fers<br />
Amendments<br />
Attempted Changes<br />
Changes without Consideration<br />
Timing<br />
Legal Purpose 20<br />
Real Estate is still legal to own<br />
Statute <strong>of</strong> Frauds<br />
Contracts for the sale or exchange <strong>of</strong> real estate shall be in writing<br />
Electronic signatures act NAC 645.0515; NRS 719.100<br />
Void and Voidable<br />
Void – Never Existed<br />
Voidable – one party can elect<br />
Termination vs. Hold<br />
Common Questions 20<br />
Valid vs. Enforceable<br />
Unilateral – one sided<br />
Bilateral – two sided<br />
Who Can Sign<br />
Parents<br />
Children<br />
Entities<br />
Commission in Contract<br />
Contract is between:<br />
<strong>Page</strong> 29 <strong>of</strong> <strong>61</strong>
Commission Language 20<br />
“Buyer’s obligation to buy is conditional upon the Seller, paying <strong>of</strong> causing to be paid,<br />
a fee equal to ______% <strong>of</strong> the total sales price, to the Buyer’s agent’s real estate firm.”<br />
Buyer agreement in place?<br />
Buyer’s instructions?<br />
Is this really legal?<br />
Whose Form I?<br />
State <strong>of</strong> Nevada<br />
Federal (HUD)<br />
RSAR<br />
Seller – REO/RELO/Short Sales<br />
Whose Form II?<br />
Seller’s Real Property Disclosure Form<br />
Short Sale Addendum to Listing Contract<br />
Short Sale Addendum to Sales Contract<br />
Contract to Buy and Sell<br />
MLS forms<br />
How can you tell easily whose form it is?<br />
Form Type 20<br />
Contract<br />
Addendum<br />
Disclosure<br />
MLS Input<br />
Nice to Have<br />
Required vs. Optional<br />
Form Changes<br />
Caution<br />
Strikeout vs. Delete<br />
The Public vs. Licensee<br />
Attorneys in the Mix<br />
Listing Contract I 10<br />
Parties NAC 645.0255<br />
Consideration<br />
Listing Contract II 20<br />
Property Description<br />
Time Period<br />
Holdover period<br />
Meeting <strong>of</strong> the Minds (Mutual Assent)<br />
Listing Contract III<br />
Discussion <strong>of</strong> Seller Listing Form<br />
Buyer Brokerage Agreement<br />
Duration – Holdover NAC 645.026<br />
Commission<br />
Disclosure to Buyer<br />
Buyer Brokerage Disclosures 20<br />
Location Specific<br />
Federal/State<br />
Signatures<br />
<strong>Page</strong> 30 <strong>of</strong> <strong>61</strong>
Duties <strong>of</strong> Broker to Public<br />
Disclosures to Buyer 10<br />
Duties <strong>of</strong> Nevada Broker<br />
Insurance<br />
Short Sales<br />
REO<br />
Residential Disclosure Form<br />
Lead Based Paint<br />
Home Inspection<br />
Sales Contract I 20<br />
Names <strong>of</strong> Parties<br />
Earnest Money Issues<br />
Signatories<br />
Financing Options<br />
FHA 90 Day Rule (Lender Issues)<br />
Sales Contract II<br />
Loan “Approval”<br />
Financing Addendum/Options<br />
Signatories<br />
FHA 90 Day Rule (Lender Issues)<br />
Sales Contract III<br />
Writing for Conditions<br />
Sale <strong>of</strong> Other Property<br />
Title Examination<br />
Home Warranty<br />
Common Interest<br />
Inspections<br />
Fixtures (Lender Issues – No Fraud)<br />
Sales Contract IV 10<br />
Possession<br />
Environment (water, wells, etc.)<br />
FIRPTA (issue discussion – brief)<br />
1031 “Tax Deferred” Exchange<br />
Time <strong>of</strong> Essence (practical issues)<br />
Dispute Resolution (mediation/arbitration)<br />
Sales Contract V 10<br />
Expiration <strong>of</strong> Offer<br />
Counter <strong>of</strong>fers<br />
Counter to the Counter<br />
Timeline Review (time sensitive)<br />
Addendums<br />
Post Closing Occupancy<br />
TOTAL: 250 min ÷ 50 class hr = 5.0 Hours<br />
<strong>Page</strong> 31 <strong>of</strong> <strong>61</strong>
23. Reno/Sparks Association <strong>of</strong> Realtors ®<br />
“Negotiating Short Sales, Foreclosures, The Art <strong>of</strong> Persuasion”<br />
Request: 4 Hours General Classroom<br />
Recommendation: Approve – 4 Hours – General – Classroom. The course content meets NAC<br />
645 standards.<br />
Instructors: Oliver Frascona<br />
Objective: Agents negotiate every day. This course will help them with negotiating with clients, and<br />
negotiating on behalf <strong>of</strong> their clients with others. The agents will be better ethically and<br />
intelligently negotiating on their behalf.<br />
Standards: 1(a) Current information on real estate which will improve the pr<strong>of</strong>essional knowledge<br />
<strong>of</strong> the licensee and enable him to give better service to the public.<br />
2(q) Personal development courses.<br />
Content:<br />
Preparation 10<br />
4/1<br />
Knowledge is key<br />
The Three G’s 10<br />
Goals<br />
Greed<br />
Guilt<br />
Establishing Trade Rules<br />
What have you got to trade<br />
What does the other side have to trade<br />
Common mistakes in trade evaluation<br />
Rules <strong>of</strong> Rapport 10<br />
People want to feel important<br />
People do not like to be criticized<br />
People want to do business with<br />
Rules <strong>of</strong> Rapport II 10<br />
No need to<br />
Easiest to just be<br />
No idle talk – search for common ground<br />
Rules <strong>of</strong> Rapport III<br />
Communication<br />
Today<br />
Making it Personal<br />
If it is personal you can keep the money<br />
If it is abstract you will lose the money<br />
Examples<br />
Defense and Discovery 10<br />
Discover and it is theirs<br />
Dictate and it remains yours<br />
Easter eggs – Discover is Theirs<br />
Price<br />
<strong>Page</strong> 32 <strong>of</strong> <strong>61</strong>
It is never about price<br />
Price is what people use when they have no other way to measure<br />
Manipulate the price<br />
Value<br />
Creating value<br />
Claim the value you created<br />
Value does not equal price<br />
Dealing with People 10<br />
Questions are the Answer<br />
Types <strong>of</strong> questions<br />
Observe<br />
Don’t know what to say?<br />
Observation<br />
They are trying to tell you their why<br />
Listen when they talk<br />
Watch them when they talk<br />
Read what they write<br />
Think and mull it over before answering<br />
Secure or insecure – how do you know?<br />
The Power <strong>of</strong> Gifts 10<br />
The Jokes are on Me<br />
Perception vs. Reality<br />
What, When, Where not Why? 10<br />
Third Parties<br />
Types <strong>of</strong> People<br />
Blood Type 10<br />
Type WL<br />
Type WW<br />
Type WN<br />
Read, Listen and Learn 10<br />
Emotional to Logical<br />
Walk Away 10<br />
Position Statement<br />
Why are they selling?<br />
Negotiating Bullet Pro<strong>of</strong> Listings and Sales 10<br />
Why are they selling?<br />
Negotiating a Listing Commission<br />
Why are they Buying? 10<br />
Negotiating a Buyer Listing<br />
FBSO Showing<br />
Goals with FSBO 10<br />
Flip It – See the Other Side<br />
Making the Offer / Counter<br />
Negotiation Art Form – No counter 10<br />
It is in the Mix<br />
Deadlocks<br />
Take Away 10<br />
Practice<br />
<strong>Page</strong> 33 <strong>of</strong> <strong>61</strong>
Listen to the Other Side<br />
Language 10<br />
Short Sales<br />
Seller – The SS Process I<br />
Broker Negotiation with Lender 10<br />
Initial Phone call or contact<br />
How to get a “full” commission<br />
Dealing with Lender 10<br />
What are Lender’s Goals<br />
Your Goals<br />
Your Client’s Goals<br />
Seller – The SS Process II 10<br />
Offer procedure<br />
Designations in MLS<br />
Occupancy<br />
Seller – The SS Process II<br />
Insurance<br />
Commissions<br />
Listing Broker / Selling Broker<br />
Buyer – The SS Process I 10<br />
Explain the system and time line<br />
Commissions – Buyer Agency<br />
Buyer – The SS Process II<br />
Negotiation <strong>of</strong> the Offer<br />
Strategy for success<br />
Buyer – The SS Process III<br />
Inspections<br />
Loan approval<br />
Title review<br />
Closing time<br />
Occupancy<br />
Rental to own<br />
Foreclosure<br />
Seller – The FC Process I 10<br />
Listing designating in foreclosure in MLS<br />
Dealing with loss<br />
Seller – The FC Process II<br />
<strong>REAL</strong>TOR Duties<br />
Offer procedure<br />
Designations in MLS<br />
Occupancy<br />
Seller – The FC Process III 10<br />
Insurance<br />
Vacant Property<br />
Commissions<br />
Buyer – The Process I<br />
Explain the system and timeline<br />
Commissions – Buyer Agency<br />
<strong>Page</strong> 34 <strong>of</strong> <strong>61</strong>
Buyer – The Process II<br />
Negotiation <strong>of</strong> the Offer<br />
Strategy for Success<br />
Buyer – The Process III 10<br />
Inspections<br />
Loan Approval<br />
Title Review<br />
Closing Time<br />
Occupancy<br />
Rental to Own<br />
The End<br />
TOTAL: 240 min ÷ 50 class hr = 4.8 Hours<br />
24. Reno/Sparks Association <strong>of</strong> Realtors ®<br />
“Law and Legislative Update: How Does it Affect Me?”<br />
Request: 4 Hours Law & Legislation Classroom<br />
Recommendation: Approve – 4 Hours – Law & Legislation – Classroom. The course content<br />
meets NAC 645 standards.<br />
Instructors: Soozi Jones-Walker<br />
Objective:<br />
• Students will be able to identify current statutory and regulatory changes<br />
• Students will be able to identify Nevada Real Estate Laws; NRS 645 and NAC 645<br />
• Students will be able to understand how the changes and new laws affect their<br />
business and interrelate with current laws<br />
• Students will complete Case study to assist in learning and understanding the NRS<br />
645 and NAC 645 changes<br />
• Students will review and identify the consequences <strong>of</strong> violating the Real Estate Law<br />
• Students will be better able to inform their clients and customers<br />
Standards: 1(a) Current information on real estate which will improve the pr<strong>of</strong>essional knowledge<br />
<strong>of</strong> the licensee and enable him to give better service to the public.<br />
1(b) Information that relates to pertinent Nevada laws and regulations.<br />
2(b) Legislative issues which concern the practice <strong>of</strong> real estate or licensees, including<br />
pending and recent legislation.<br />
Content:<br />
Ice Breaker 20<br />
Introduction to NRS and NAC what laws affect Real Estate and you 20<br />
Who makes laws 10<br />
BREAK 10 Minutes<br />
New Law 645 H – Asset Management What is it, who does it affect? 20<br />
Work Group/ Discussion with report back, how does this new law affect your business? 20<br />
Open Discussion results <strong>of</strong> work groups 10<br />
BREAK 10 Minutes<br />
NRS 645H – Asset Mgt -Trust Accounts – Who can open? 10<br />
AB 273 Modifies NRS 40 Judgments 10<br />
<strong>Page</strong> 35 <strong>of</strong> <strong>61</strong>
AB 284 Robo signing law 20<br />
AB 307, AB 414, AB 314, AB 403 10<br />
BREAK 10 Minutes<br />
R93-10 CE Education 20<br />
Case Study –work group – under the law who controls (owns) the property during the short<br />
sale process and under a new law for asset management. 30<br />
Class Review and questions 10<br />
TOTAL: 210 min ÷ 50 class hr = 4.2 Hours<br />
25. The CE Shop, Inc.<br />
“Generation Buy”<br />
Request: 6 Hours General Internet<br />
Recommendation: Approve – 6 Hours – General – Internet. This is a NAR course that allows<br />
three sponsors to <strong>of</strong>fer it; the course is previously approved for GLVAR as<br />
CE.5228000-RE for 6 hours <strong>of</strong> General credit. The course content meets<br />
NAC 645 standards.<br />
Instructors: Michael McAllister<br />
Objective:<br />
• Describe the factors that contribute to generational classifications<br />
• Examine the generational pr<strong>of</strong>ile and characteristics for Millennials and Generation X<br />
• Examine the generational pr<strong>of</strong>ile and characteristics for Baby Boomers and Matures<br />
• Identify market factors that apply to all generations <strong>of</strong> buyers<br />
• Analyze the pr<strong>of</strong>ile <strong>of</strong> today’s buyer<br />
• Assess how to work with generational buyers and identify opportunities for the future<br />
• Describe characteristics and expectations <strong>of</strong> Millennial home buyers<br />
• Determine appropriate communication protocols, marketing tools, and networking<br />
tips to connect with Millennial buyers and provide value during the real estate<br />
transaction<br />
• Evaluate unique considerations for Millennial buyers<br />
• Describe characteristics and expectations <strong>of</strong> Generation X home buyers<br />
• Determine appropriate communication protocols, marketing tools, and networking<br />
tips to connect with Generation X buyers and provide value during the real estate<br />
transaction<br />
• Evaluate unique considerations for Generation X buyers<br />
• Describe characteristics and expectation <strong>of</strong> Baby Boomer home buyers<br />
• Determine appropriate communication protocols, marketing tools, and networking<br />
tips to connect with Baby Boomer buyers and provide value during the real estate<br />
transaction<br />
• Evaluate unique considerations for Baby Boomer buyers<br />
• Describe characteristics and expectations <strong>of</strong> Mature home buyers<br />
• Determine appropriate communication protocols, marketing tools, and networking<br />
tips to connect with Mature buyers and provide value during the real estate<br />
transaction<br />
• Evaluate unique considerations for Mature buyers<br />
• Review key concepts for working with generational buyers<br />
• Identify action steps to improve your business<br />
<strong>Page</strong> 36 <strong>of</strong> <strong>61</strong>
Standards: 1(a) Current information on real estate which will improve the pr<strong>of</strong>essional knowledge<br />
<strong>of</strong> the licensee and enable him to give better service to the public.<br />
1(b) Information that relates to pertinent Nevada laws and regulations.<br />
2(n) Agency and subjects related to agency.<br />
2(o) The use <strong>of</strong> calculators and other technologies as applied to the practice <strong>of</strong> real<br />
estate.<br />
Content:<br />
Generational Pr<strong>of</strong>iles<br />
Overview 9.5<br />
Millennials 7<br />
Generation X 7<br />
Baby Boomers 7<br />
Matures 9.5<br />
Module Quiz<br />
Current Context<br />
5<br />
Today’s Market 17.5<br />
Today’s Buyer 12.5<br />
Module Quiz<br />
Millennials<br />
5<br />
The Millennial Buyer 17.5<br />
The Real Estate Transaction 27.5<br />
Business Strategies 27.5<br />
Unique Considerations 17.5<br />
Module Quiz<br />
Generation X<br />
5<br />
The Generation X Buyer 12.5<br />
The Real Estate Transaction 17.5<br />
Business Strategies 17.5<br />
Unique Considerations 12.5<br />
Module Quiz<br />
Baby Boomers<br />
5<br />
The Baby Boomer Buyer 12.5<br />
The Real Estate Transaction 22.5<br />
Business Strategies 12.5<br />
Unique Considerations 12.5<br />
Module Quiz<br />
Matures<br />
5<br />
The Mature Buyer 12.5<br />
The Real Estate Transaction 22.5<br />
Business Strategies 12.5<br />
Unique Considerations 12.5<br />
Module Quiz<br />
Putting it all Together<br />
5<br />
Summary 5<br />
Action Plan 5<br />
Final Exam<br />
TOTAL: 410 min ÷ 50 class hr = 8.2 Hours<br />
<strong>Page</strong> 37 <strong>of</strong> <strong>61</strong><br />
30
26. The CE Shop, Inc.<br />
“Green 100: Real Estate for a Sustainable Future”<br />
Request: 6 Hours General Internet<br />
Recommendation: Approval - 6 Hours General – Classroom. Green is not part <strong>of</strong> our<br />
standards but the course content provides pr<strong>of</strong>essional knowledge to a<br />
licensee in the exchange <strong>of</strong> real property in regards to green products. This<br />
course provides information in regards to appropriate Green Certifications<br />
and how to recognize and read the index scores for the proper companies in<br />
regards to new/remodeled homes that are part <strong>of</strong> residential and/or<br />
commercial properties. This course is an NAR course this course already<br />
approved for GLVAR as CE.5321000-RE for 3 hours <strong>of</strong> PD credit. The<br />
distance education instructional design and deliver method is ARELLO<br />
certified. The course content meets NAC 645 standards.<br />
Instructors: Michael McAllister<br />
Objective:<br />
• Describe the concept <strong>of</strong> sustainability and how its application is measured<br />
• Communicate the benefits <strong>of</strong> benefits <strong>of</strong> building and living green<br />
• Explain what the term green means to consumers<br />
• Discuss examples <strong>of</strong> greenwashing<br />
• Analyze how renewable, clean energy sources are changing how consumers capture<br />
and use energy<br />
• Explain how green industries, jobs, and education programs are influencing he<br />
current and future generation <strong>of</strong> home buyers and sellers<br />
• Cite examples <strong>of</strong> a new terminology for homes that is replacing the term “green.”<br />
• Analyze the largest expenditures for the average American household<br />
• Describe the benefits <strong>of</strong> high-density, transit-oriented development and new urbanism<br />
or smart growth<br />
• Discuss the livability principles <strong>of</strong> the Partnership for Sustainable Communities<br />
• Differentiate energy modeling from energy surveys and energy audits<br />
• Explain what is analyzed in an energy assessment report<br />
• Describe common symptoms and problems that can be uncovered in a do-it-yourself<br />
energy evaluation<br />
• Explain criteria used in process <strong>of</strong> getting a home NAHB Research Center Green<br />
Certified, LEED for Homes<br />
• Describe how the HERS ® Index score works<br />
• Differentiate the meaning <strong>of</strong> an Energy Guide label versus and Energy Star label on<br />
appliances<br />
Standards: 1(a) Current information on real estate which will improve the pr<strong>of</strong>essional knowledge<br />
<strong>of</strong> the licensee and enable him to give better service to the public.<br />
1(b) Information that relates to pertinent Nevada laws and regulations.<br />
2(a) Ethics <strong>of</strong> selling real estate.<br />
2(j) Planning and zoning for land use.<br />
2(m) The development <strong>of</strong> land.<br />
2(o) The use <strong>of</strong> calculators and other technologies as applied to the practice <strong>of</strong> real<br />
estate.<br />
<strong>Page</strong> 38 <strong>of</strong> <strong>61</strong>
Content:<br />
How to Think About Sustainability<br />
Sustainability 7.5<br />
The Triple Bottom Line – People, Planet, Prosperity 7.5<br />
Practitioner Perspective: Ahead <strong>of</strong> the Curve 7.5<br />
Green – the New Normal 7.5<br />
Seven Sins <strong>of</strong> Green washing 7.5<br />
Module Quiz 5<br />
Green Game Changers<br />
Introduction 7.5<br />
The Green Curve 10<br />
16 Green Game Changing Trends 15<br />
Practitioner Perspective: Future Building is Green Building 7.5<br />
Module Quiz 5<br />
Sustainability, Community, Value<br />
Introduction 7.5<br />
Transportation 7.5<br />
Development 7.5<br />
Walkability 7.5<br />
Partnership for Sustainable 7.5<br />
LEED Certification for Neighborhoods 7.5<br />
Opportunities for Real Estate Pr<strong>of</strong>essionals 7.5<br />
Module Quiz 5<br />
Energy Diagnostics<br />
Introduction 7.5<br />
Energy Modeling 7.5<br />
Energy Surveys 7.5<br />
Energy Assessments and Audits 7.5<br />
Finding an Energy Pr<strong>of</strong>essional 7.5<br />
Standards and Benchmarks 7.5<br />
Recommending a Survey or Assessment 7.5<br />
Do-it-Yourself Energy 7.5<br />
Using Energy Data in Marketing 7.5<br />
Module Quiz 5<br />
Green Certifications and Ratings<br />
The Certification Landscape 7.5<br />
NAHB Research Center Green Certified 7.5<br />
NAHB Certified Green Pr<strong>of</strong>essionals 7.5<br />
LEED for Homes 7.5<br />
LEED for Neighborhoods 7.5<br />
LEED Accredited Pr<strong>of</strong>essionals 7.5<br />
Energy Star Homes 7.5<br />
Energy Star Appliances 7.5<br />
HERS ® Index 7.5<br />
Residential Energy Services Network 7.5<br />
DOE Home Energy Score Program 7.5<br />
Energy Guide Labels 7.5<br />
<strong>Page</strong> 39 <strong>of</strong> <strong>61</strong>
More Certification and Ratings 7.5<br />
State and Regional Certifications 7.5<br />
Summing Up 7.5<br />
Module Exam 5<br />
Final Exam 30<br />
TOTAL: 365 min ÷ 50 class hr = 7.3 Hours<br />
27. The CE Shop, Inc.<br />
“Green 200: The Science <strong>of</strong> Green Building”<br />
Request: 6 Hours General Internet<br />
Recommendation: Approval - 6 Hours General – Classroom. Green is not part <strong>of</strong> our standards<br />
but the course content provides pr<strong>of</strong>essional knowledge to a licensee in the<br />
exchange <strong>of</strong> real property in regards to green products that are part <strong>of</strong><br />
residential and/or commercial properties. The content <strong>of</strong> this course is more<br />
detailed in providing knowledge in green technology for home building and<br />
buying. This is a NAR course that is also being submitted by GLVAR –<br />
Greater Las Vegas Association <strong>of</strong> Realtors for Credit. The distance<br />
education instructional design and deliver method is ARELLO certified. The<br />
course content meets NAC 645 standards.<br />
Instructors: Michael McAllister<br />
Objective:<br />
• Describe considerations in site and design selections<br />
• Differentiate the four steps <strong>of</strong> best practice green home design: site selection, home<br />
design, material selection, and interior systems and design<br />
• Suggest methods and sources for managing construction waste<br />
• Explain the four components <strong>of</strong> the building envelope<br />
• Discuss innovative building technologies and materials for framing and walls<br />
• Identify issues that lower the R value <strong>of</strong> a building’s insulation<br />
• Discuss innovative products for windows, doors, and ro<strong>of</strong>s<br />
• Analyze green heating and cooling products and systems<br />
• Describe green strategies for ventilation, lighting, and heating water<br />
• Explain water management considerations, including the use <strong>of</strong> greywater<br />
• Differentiate a net-zero-energy home from a energy-efficient home<br />
• Communicate the pros and cons <strong>of</strong> generating your own energy<br />
• Discuss the technologies and methods for on-site power generation, including wind<br />
and solar power<br />
• Explain the benefits <strong>of</strong> retr<strong>of</strong>its for existing homes<br />
• Discuss the challenges and issues that owners may face when greening an existing<br />
home<br />
• Suggest green strategies for household, lawn, and garden care<br />
<strong>Page</strong> 40 <strong>of</strong> <strong>61</strong>
Standards: 1(a) Current information on real estate which will improve the pr<strong>of</strong>essional knowledge<br />
<strong>of</strong> the licensee and enable him to give better service to the public.<br />
1(b) Information that relates to pertinent Nevada laws and regulations.<br />
2(j) Planning and zoning for land use.<br />
2(m) The development <strong>of</strong> land.<br />
2(o) The use <strong>of</strong> calculators and other technologies as applied to the practice <strong>of</strong> real<br />
estate.<br />
Content:<br />
Green Home Design<br />
Introduction 10<br />
3 Reasons for Going Green 5<br />
Green Design, Green Choices 5<br />
5 Major Climate Zones 5<br />
The Green Team 5<br />
Practitioner Perspective: Green is the New Reality 5<br />
Home Design 5<br />
Building Materials 5<br />
The Life Cycle <strong>of</strong> Green Buildings 10<br />
Interior Systems 5<br />
Module Quiz 5<br />
Green Home Construction – the Building Envelope<br />
Introduction 5<br />
Defining the Building Envelope 5<br />
Building Envelope Components 5<br />
Below-Grade Systems 5<br />
Framing and Walls 5<br />
Insulation 5<br />
Fenestration – Windows and Doors 5<br />
Ro<strong>of</strong>s 5<br />
What Do You Need to Know? 5<br />
Practitioner Pr<strong>of</strong>ile: Finding the Sweet 5<br />
Module Quiz 5<br />
Green Home Construction – Systems<br />
Introduction 5<br />
Do Green Systems Cost More? 5<br />
What Do You Need to Know? 5<br />
HVAC System Ratings 5<br />
Cooling Systems 5<br />
Heating Systems 5<br />
Solar Heating – Active and Passive 5<br />
More Green Heating Choices 5<br />
Geothermal Heating and Cooling 5<br />
Ventilation 5<br />
Indoor airPlus 5<br />
Indoor Environmental Quality 5<br />
Lighting 5<br />
Appliances 5<br />
<strong>Page</strong> 41 <strong>of</strong> <strong>61</strong>
Water Heating 5<br />
EPA WaterSense 5<br />
Greywater 5<br />
Water 5<br />
Module Quiz 5<br />
Power Off the Grid<br />
Introduction 5<br />
The Net Zero Energy Home 5<br />
New Technologies, New Issues 15<br />
Net Metering 5<br />
Solar Photovoltaic (PV) 5<br />
Small Wind Turbine Power in Brief 5<br />
Wind Power 5<br />
Module Quiz 5<br />
Green Existing Homes<br />
Introduction 5<br />
What Do You Need to Know? 5<br />
Why Green an Existing Home? 5<br />
Green Challenges 5<br />
Getting Started 5<br />
Green Homeowners Insurance 5<br />
Recycle the Whole House? 5<br />
Indoor Air Quality 5<br />
Reseal the Building Envelope 5<br />
Deep Energy Retr<strong>of</strong>it 5<br />
Green Opportunities 5<br />
The Green Household 5<br />
Lawn and Garden Care 5<br />
Changing Habits 5<br />
Checklist for a Greening a Home 5<br />
Summing Up 5<br />
Module Quiz 5<br />
Final Exam 30<br />
TOTAL: 380 min ÷ 50 class hr = 7.6 Hours<br />
<strong>Page</strong> 42 <strong>of</strong> <strong>61</strong>
28. The CE Shop, Inc.<br />
“Green 300: Greening Your Real Estate Business”<br />
Request: 6 Hours General Internet<br />
Recommendation: Approval - 6 Hours - General – Classroom. Green is not part <strong>of</strong> our<br />
standards but the course content provides pr<strong>of</strong>essional knowledge to a<br />
licensee in the exchange <strong>of</strong> real property in regards to green products at a<br />
more detailed level; that may be part <strong>of</strong> residential and/or commercial<br />
property sale or listing. This is a NAR course. The distance education<br />
instructional design and deliver method is ARELLO certified. The course<br />
content meets NAC 645 standards.<br />
Instructors: Michael McAllister<br />
Objective:<br />
• Differentiate the characteristics <strong>of</strong> four demographic consumer groups – true<br />
believers, concerned moms, cautious conservatives, and working class realists<br />
• Relate home features to specific client benefits – cost savings, health, sustainability,<br />
and lifestyle<br />
• Tailor messaging about homes to specific client benefits – cost savings, health,<br />
sustainability, and lifestyle<br />
• Discuss the benefits <strong>of</strong> adding searchable green fields in the MLS<br />
• Describe strategies to green one’s real estate business<br />
• Use the <strong>REAL</strong>TOR Trademark and NAR’s Green Designation correctly<br />
• Represent oneself, one’s knowledge, and the subject properties accurately<br />
• Explain strategies to meet and network with prospective buyers<br />
• Adapt the buyer counseling session to identify the green home buyer’s motivations,<br />
needs and wants<br />
• Describe features <strong>of</strong> energy efficient mortgages (EEMs)<br />
• Discuss ways to present information<br />
• Adapt the pre-listing interview to identify the green home seller’s motivations, needs,<br />
and wants<br />
• Identify ways the real estate pr<strong>of</strong>essional can assist appraisers so that green homes<br />
and/or homes with green features receive fair market value<br />
• Explain ways to market a green home<br />
• Uphold Articles 2 and 12 <strong>of</strong> the NAR Code <strong>of</strong> Ethics when representing facts relating<br />
to the property or transaction<br />
Standards: 1(a) Current information on real estate which will improve the pr<strong>of</strong>essional knowledge<br />
<strong>of</strong> the licensee and enable him to give better service to the public.<br />
1(b) Information that relates to pertinent Nevada laws and regulations.<br />
2(j) Planning and zoning for land use.<br />
2(m) The development <strong>of</strong> land.<br />
2(o) The use <strong>of</strong> calculators and other technologies as applied to the practice <strong>of</strong> real<br />
estate.<br />
<strong>Page</strong> 43 <strong>of</strong> <strong>61</strong>
Content:<br />
The Green Scene<br />
How Green Are Consumers? 8<br />
The Green Curve 16<br />
The Local Green Scene 6<br />
Focus on Benefits 6<br />
Greening Your Core Real Estate Skills 10<br />
Practitioner Perspective: What’s Green About Your Community? 5<br />
Module Quiz 5<br />
Your Green Real Estate Business<br />
Getting Started 8<br />
Green MLS 8<br />
Walk the Talk 8<br />
6 Ways to Build Your Business Niche with Green Builders 8<br />
The Green Designation – A Marketing Advantage 8<br />
A Green Game Plan for Your Business 8<br />
4 “Ps” <strong>of</strong> a Green Game Plan 13<br />
Practitioner Perspective: Taking an Active Role 8<br />
Green Designee Obligations – Do’s and Don’ts 8<br />
Module Quiz 5<br />
Working with Buyers<br />
Generating Leads 8<br />
Boost You Personal Green Brand 8<br />
Green Buyer-Counseling Session 12<br />
Practitioner Perspective: Understanding Green Homes and Buyers 8<br />
Finding Homes 8<br />
Practitioner Perspective: Greening My Home, Sharing the Experience 8<br />
Seeing the Green Potential 8<br />
Financing for Greening a Home 8<br />
Energy Efficient and Improvement Mortgages in Brief 8<br />
Practitioner Perspective Greening REOs 15<br />
Presenting Objective Information 15<br />
Follow Up 5<br />
Module Quiz 5<br />
Working with Sellers<br />
Pre-Listing Interview 8<br />
Listing Presentation 13<br />
Greening a Home for Sale 8<br />
Valuation for the Green 8<br />
Practitioner Perspective: Appraising Green 8<br />
Marketing a Green Home 8<br />
9 Tips for Sustainable 8<br />
Disclosures and Representations 8<br />
Summing Up 3<br />
Module Quiz 5<br />
Final Exam 30<br />
TOTAL: 360 min ÷ 50 class hr = 7.2 Hours<br />
<strong>Page</strong> 44 <strong>of</strong> <strong>61</strong>
29. Keep, Anthony<br />
“Prospecting for Gold: Representing Foreign Buyers Leveraging the Federal EB5 Investor Visa<br />
Program”<br />
Request: 3 Hours General Classroom<br />
Recommendation: Approve – 3 Hours – General – Classroom. The course content meets NAC<br />
645 standards.<br />
Instructors: Anthony Keep<br />
Objective: Students learn how & where to prospect for, and represent high net worth foreign<br />
residential or commercial real estate buyers, many <strong>of</strong> whom will be using the Federal<br />
EB5 investor visa program<br />
Standards: 1(a) Current information on real estate which will improve the pr<strong>of</strong>essional knowledge<br />
<strong>of</strong> the licensee and enable him to give better service to the public.<br />
2(d) Real estate financing, including mortgages and other techniques.<br />
Content:<br />
Instructor Introduction 5<br />
Class Overview 10<br />
History <strong>of</strong> EB-5 Program (EB = Employment-Based Immigration: Fifth Preference EB-5) 5<br />
The Laws <strong>of</strong> EB-5 10<br />
$1,000,000 Investments vs. $500.000 Investment 5<br />
Provisional Investor Approval 5<br />
Structuring You Agency Contract 5<br />
Need for Homes After Provisional Approval 5<br />
BREAK 10 Minutes<br />
Where Investors Come From – How to Find Them? 10<br />
Nevada Agency Concerning Consent to Act 5<br />
Nevada Agency Concerning Duties Owed 10<br />
“At Risk” Investing 5<br />
Choosing a Regional Center 5<br />
Choosing Your EB5 Attorney (EB = Employment-Based for Immigrant Investor) 10<br />
Choose Your Accountant 10<br />
BREAK 10 Minutes<br />
Shaping Deals with Investor/Angel Financing 10<br />
Reviewing Home Buyer Title Issues 10<br />
Immigration and National Security Law 10<br />
Building Your Pipeline for Future Deals 10<br />
Questions & Answers/Review 10<br />
Quiz 10<br />
TOTAL: 160 min ÷ 50 class hr = 3.2 Hours<br />
<strong>Page</strong> 45 <strong>of</strong> <strong>61</strong>
30. Keep, Anthony<br />
“HUD Homes Contracts, Escrow-Closing Process and Financing Techniques”<br />
Request: 3 Hours Contracts Classroom<br />
Recommendation: Approve – 3 Hours – Contracts – Classroom. The course content meets NAC<br />
645 standards.<br />
Instructors: Anthony Keep<br />
Objective: Students learn how to write contracts for HUD homes, as well as the complicated<br />
escrow/closing process with all addenda and schedules. Includes special financing<br />
techniques <strong>of</strong> every kind.<br />
Standards: 1(a) Current information on real estate which will improve the pr<strong>of</strong>essional knowledge<br />
<strong>of</strong> the licensee and enable him to give better service to the public.<br />
1(b) Information that relates to pertinent Nevada laws and regulations.<br />
2(a) Ethics <strong>of</strong> selling real estate.<br />
2(d) Real estate financing, including mortgages and other techniques.<br />
2(p) The preparation <strong>of</strong> real estate contracts.<br />
Content:<br />
Instructor Introduction 5<br />
Class Overview 5<br />
About HUD Homes – FAQ’s 5<br />
Who Can Buy/Sell HUD Homes 5<br />
Finding Agents and Forms 5<br />
Current/Future HUD Inventory in Nevada 10<br />
Bidding and Submitting Offers<br />
BREAK 10 Minutes<br />
15<br />
Sales Contracts Overview 5<br />
Filling in Online Contracts 10<br />
Printing and Pro<strong>of</strong>reading 5<br />
Reviewing HUD Sales Contracts 5<br />
FHA Financing 203(b) 5<br />
FHA Financing 203(k) 5<br />
FHA Financing 203(k) Streamlined 5<br />
FHA Financing Repair Escrows vs. Rehab Escrows 5<br />
Conventional Financing<br />
BREAK 10 Minutes<br />
5<br />
What to Include in Overnight Package 5<br />
Where to Send it and to Whom 5<br />
Common Mistakes to Avoid 5<br />
About HUD Closings – FAQ’s 10<br />
Closing Agent Instructions 5<br />
Buyer Prequalification’s 5<br />
FHA Appraisals 5<br />
Review 10<br />
Quiz<br />
TOTAL: 160 min ÷ 50 class hr = 3.2 Hours<br />
<strong>Page</strong> 46 <strong>of</strong> <strong>61</strong><br />
10
31. Realty Executives<br />
“Disclosure: Protect Your License”<br />
Request: 3 Hours Ethics Classroom<br />
Recommendation: Approve – 3 Hours – Ethics – Classroom. The course content provides when<br />
you should disclose and the timelines, exemptions, items to include,<br />
discoveries (ethical decisions) and remedies. The course content meets NAC<br />
645 standards.<br />
Instructors: Fafie Moore Guy (Randy) Hess Norma Jean Opatik<br />
Tony Berti Leslie Ann Sherman<br />
Objective: This course will familiarize the student with required disclosure forms utilized by the real<br />
estate industry when listing, selling or leasing real property in Nevada. The main<br />
reference document for this class is the Nevada Real Estate Division “Residential<br />
Disclosure Guide.”<br />
Standards: 2(a) Ethics <strong>of</strong> selling real estate.<br />
Content:<br />
Course Introduction, Objectives and Ice Breaker 20<br />
History and ethics <strong>of</strong> Disclosure 15<br />
Nevada Real Estate Division Residential Disclosure Guide 20<br />
General information through CIC Documents<br />
BREAK 10 Minutes<br />
RDG: Disclosure Requirements 20<br />
Seller’s Real Property Disclosure and NRS 113<br />
RDG: Disclosure Requirements 15<br />
Construction Defect Disclosure through Manufactured<br />
Housing and Mobile Home Parks<br />
RDG: Disclosure Requirements 15<br />
Lead Based Paint Disclosure through Environmental Hazards<br />
BREAK 10 minutes<br />
RDG: Disclosure Requirements 20<br />
Home Inspections through Federal Disclosures<br />
RDG: Disclosure Requirements 15<br />
Other Disclosure Issues<br />
Role <strong>of</strong> Real Estate Division and Licensee in Disclosure 10<br />
Summary 10<br />
TOTAL: 160 min ÷ 50 class hr = 3.2 Hours<br />
<strong>Page</strong> 47 <strong>of</strong> <strong>61</strong>
32. Realty Executives<br />
“Know Your Contracts”<br />
Request: 3 Hours Contracts Classroom<br />
Recommendation: Approve – 3 Hours – Contracts – Classroom. The course content meets NAC<br />
645 standards.<br />
Instructors: Fafie Moore Guy (Randy) Hess Norma Jean Opatik<br />
Tony Berti Leslie Ann Sherman<br />
Objective: To understand the purpose <strong>of</strong> the terms and conditions <strong>of</strong> the Residential Purchase<br />
Agreement and the Listing Agreement.<br />
Standards: 2(p) The preparation <strong>of</strong> real estate contracts.<br />
Content:<br />
Course Introduction, Objectives and Ice Breaker 15<br />
Residential Purchase Agreement 10<br />
Financial Terms and Conditions through Fixtures and Personal Property<br />
Escrow, Pro-rations, Transfer <strong>of</strong> Title 15<br />
(CIC) Common Interest Communities through Open Range Disclosure 15<br />
BREAK 10 Minutes<br />
Disclosures 20<br />
Sellers Real Property Disclosure and NRS 113<br />
Additional Disclosures, Due Diligence through Risk <strong>of</strong> Loss 15<br />
Assignment <strong>of</strong> Agreement through Confirmation <strong>of</strong> Agency 15<br />
BREAK 10 Minutes<br />
Listing Documents 10<br />
Duties Owed and Consent to Act<br />
Listing Documents 15<br />
Listing Agreement: <strong>Page</strong> one (1) and two (2)<br />
Listing Documents 10<br />
Listing Agreement: <strong>Page</strong> three (3) and four (4)<br />
Listing Documents 10<br />
Listing Agreement: <strong>Page</strong> five (5) through seven (7)<br />
Summary / Closing 10<br />
TOTAL: 160 min ÷ 50 class hr = 3.2 Hours<br />
<strong>Page</strong> 48 <strong>of</strong> <strong>61</strong>
33. Law Offices <strong>of</strong> Gary L. Fales<br />
“Trusts and Real Estate”<br />
Request: 3 Hours General Classroom<br />
Recommendation: Approve – 3 Hours – General – Classroom. The course is being <strong>of</strong>fered for<br />
free. The course content meets NAC 645 standards.<br />
Instructors: Gary L. Fales, esquire<br />
Objective:<br />
• To understand why trusts are being used by so many people to hold real estate<br />
• To understand the different types <strong>of</strong> trusts that licensed real estate pr<strong>of</strong>essionals<br />
encounter<br />
• To understand how trusts are used in real estate transactions<br />
Standards: 1(a) Current information on real estate which will improve the pr<strong>of</strong>essional knowledge<br />
<strong>of</strong> the licensee and enable him to give better service to the public.<br />
1(b) Information that relates to pertinent Nevada laws and regulations.<br />
2(a) Ethics <strong>of</strong> selling real estate.<br />
2(b) Legislative issues which concern the practice <strong>of</strong> real estate or licensees, including<br />
pending and recent legislation.<br />
2(d) Real estate financing, including mortgages and other techniques.<br />
2(i) The exchange <strong>of</strong> real property.<br />
2(l) Accounting and taxation as applied to real property.<br />
2(n) Agency and subjects related to agency.<br />
2(p) The preparation <strong>of</strong> real estate contracts.<br />
Content:<br />
Trust Basics<br />
Purpose <strong>of</strong> Trusts 20<br />
Types <strong>of</strong> trusts and their differences as it relates to real estate 15<br />
Requirement for Establishing Trust 15<br />
Trusts with married couples 20<br />
The Nevada spendthrift trust under Nevada Revised Statute 166 15<br />
Real Estate taxation with trusts 15<br />
Using Trusts in Real Estate Transactions<br />
Trusts when used with LLC’s, corporation or limited partnerships in real estate<br />
transactions 20<br />
Deed and transfer taxes 5<br />
Using trusts in the preparation <strong>of</strong> Real estate purchase agreements and contracts and<br />
listing agreements – Best Practices for licensees 5<br />
Using trusts in re-financing, foreclosures and short sales 20<br />
TOTAL: 150 min ÷ 50 class hr = 3.0 Hours<br />
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34. Myer, Kandas<br />
“Addendums for Short Sale & REO”<br />
Request: 3 Hours Contracts Classroom<br />
Recommendation: Approve – 3 Hours – Contracts – Classroom. The course content meets NAC<br />
645 standards.<br />
Instructors: Kandas Myer<br />
Objective:<br />
• Define a valid contract<br />
• Define an addendum<br />
• Review sample short sale addendums<br />
• Discuss REO Addendums<br />
Standards: 1(a) Current information on real estate which will improve the pr<strong>of</strong>essional knowledge<br />
<strong>of</strong> the licensee and enable him to give better service to the public.<br />
2(p) The preparation <strong>of</strong> real estate contracts.<br />
Content:<br />
Objectives 20<br />
Definitions<br />
General notes for contract addendums<br />
Short Sale Addendums 20<br />
Review Exclusive Right to Sell Contract<br />
Workshop – Uncooperative Short Sale Seller<br />
Sellers Addendum to the Exclusive Right to Sell Contract (Local Association)<br />
Wells Fargo Short Sale Addendum to the Listing Contract<br />
Short Sale Addendum to the Offer and Acceptance Agreement (Local Association) 20<br />
Wells Fargo Addendum to the Short Sale Offer & Acceptance Contract<br />
Wells Fargo Closing Date Extension<br />
“Rogue” Addendums (Non-Association, private <strong>of</strong>fice, etc)<br />
Workshop for rogue documents<br />
BREAK 10 Minutes<br />
The REO Addendum 20<br />
Terms <strong>of</strong> confusion<br />
Closing waives all claims<br />
Buyer to acquire & pay for any CC&R’s<br />
Property is “As Is”<br />
Disclosure: Mold Issues & Waiver 20<br />
Zoning and code violations addressed<br />
Closing Waivers<br />
Personal property addressed 10<br />
Transfer taxes<br />
Certificates <strong>of</strong> occupancy are Buyer’s expense<br />
Resale and refinance restrictions (terminates if sales is foreclosure)<br />
BREAK 10 Minutes<br />
Buyer Waivers 20<br />
<strong>Page</strong> 50 <strong>of</strong> <strong>61</strong>
Buyer Breaches<br />
Attorney Fees<br />
Arms Length Issues<br />
Remedies for default 20<br />
Huge “hold harmless” clause for the seller<br />
Buyer has had an opportunity to consult with their attorney<br />
Owner-Occupant Certifications<br />
Penalties for non-compliance<br />
The Buyer’s Agent certifications 10<br />
Listing Agent certifications<br />
REO Addendum Conclusion<br />
Overall Conclusion & Questions<br />
TOTAL: 160 min ÷ 50 class hr = 3.2 Hours<br />
35. Schauer, Stephen D.<br />
“Real Estate by the Numbers”<br />
Request: 3 Hours General Classroom<br />
Recommendation: Approve – 3 Hours – General – Classroom. The course is free. The content<br />
<strong>of</strong> this course provides a detail explanation <strong>of</strong> cost charged to parties <strong>of</strong> a real<br />
estate transaction on a settlement closing statement and how it affects the<br />
parties. The course content meets NAC 645 standards.<br />
Instructors: Stephen D. Schauer<br />
Objective: To facilitate the realtors understanding <strong>of</strong> the financial aspects <strong>of</strong> real estate forms.<br />
Standards: 1(a) Current information on real estate which will improve the pr<strong>of</strong>essional knowledge<br />
<strong>of</strong> the licensee and enable him to give better service to the public.<br />
Content:<br />
Module 1: The Importance <strong>of</strong> accurate numbers in real estate transactions 5<br />
Module 2: The documents <strong>of</strong> focus in this class 5<br />
Module 3: The Estimated Costs and Net Proceeds Sheet – <strong>Page</strong> 1 – Mortgage Costs 15<br />
Module 4: The Estimated Costs and Net Proceeds Sheet – <strong>Page</strong> 1 – Title Costs 5<br />
Module 5: The Estimated Costs and Net Proceeds Sheet – <strong>Page</strong> 1 – Broker Fees 5<br />
Module 6: The Estimated Costs and Net Proceeds Sheet – <strong>Page</strong> 1 – Miscellaneous Costs 5<br />
Module 7: The Estimated Costs and Net Proceeds Sheet – <strong>Page</strong> 2 – Summary Sheet 20<br />
BREAK 10 Minutes<br />
Module 8: The Estimated Costs and Net Proceeds Sheet – <strong>Page</strong> 3 – Glossary <strong>of</strong> Terms 10<br />
Module 9: HUD-1 Settlement Statement – <strong>Page</strong> 1 – Summary <strong>of</strong> Borrower’s Transaction 20<br />
Module 10: HUD-1 Settlement Statement – <strong>Page</strong> 1 – Summary <strong>of</strong> Seller’s Transaction 20<br />
BREAK 10 Minutes<br />
Module 11: HUD-1 Settlement Statement – <strong>Page</strong> 2 20<br />
Module 12: HUD-1 Settlement Statement – <strong>Page</strong> 3 20<br />
Module 13: HUD-1 Settlement Statement – <strong>Page</strong> 4 10<br />
Review & Questions<br />
TOTAL: 150 min ÷ 50 class hr = 3.0 Hours<br />
<strong>Page</strong> 51 <strong>of</strong> <strong>61</strong>
36. Cook & Company, Ltd.<br />
“Risk Reduction Strategies for Property Managers”<br />
Request: 3 Hours Property Management Classroom<br />
Recommendation: Approve – 3 Hours – Property Management – Classroom. The course<br />
content meets NAC 645 standards.<br />
Instructors: Judy Cook<br />
Objective: After attending this course, the participant will be able to:<br />
• Explain why property management is the highest-risk specialty in the real estate<br />
industry<br />
• Identify several common risk posed by Assistants, Owners, Tenants and Vendors<br />
associated with providing property management services to the public<br />
• List 4-5 mitigation tactics a licensee can employ to avoid, control, and/or transfer<br />
many <strong>of</strong> the most common risks in the property management business<br />
Standards: 1(a) Current information on real estate which will improve the pr<strong>of</strong>essional knowledge<br />
<strong>of</strong> the licensee and enable him to give better service to the public.<br />
1(b) Information that relates to pertinent Nevada laws and regulations.<br />
2(f) The administration <strong>of</strong> real estate brokerage, including the management <strong>of</strong> the<br />
<strong>of</strong>fice, trust accounts and employee’s contracts.<br />
2(h) The management <strong>of</strong> real property, including leasing agreements, procedures for<br />
accounting and contracts for management.<br />
2(n) Agency and subjects related to agency.<br />
Content:<br />
Introduction<br />
Trends<br />
5<br />
Governing Laws<br />
Laws are the same as sales; application differs in P.M.<br />
5<br />
Principles <strong>of</strong> Risk Management 5<br />
Agents & Assistants 5<br />
Best practices for Agent/Assistant policies 5<br />
How Dusty is Your Policies & Procedures Manual? 5<br />
What else belongs in your policy manual? 5<br />
Common P.M. Scenario – Conversion <strong>of</strong> Trust Funds 5<br />
Social Media – Example <strong>of</strong> agent putting broker at risk<br />
BREAK 10 Minutes<br />
5<br />
Owners – Common Risk Factors 5<br />
“80/10 Rule” in P.M. 5<br />
Agent’s Authority to Act on Behalf <strong>of</strong> Owner 5<br />
More common owner risks (renewal, repairs, tenant approval) 10<br />
Owner insurance – “Additional Insured” 5<br />
Developing a Relationship <strong>of</strong> Trust 5<br />
Tenants – Common Risk Factors 5<br />
Unlawful Discrimination (Perception is Reality) 5<br />
Occupancy Limitations<br />
BREAK 10 Minutes<br />
<strong>Page</strong> 52 <strong>of</strong> <strong>61</strong><br />
5
Pets, pet policies, “dangerous breeds” 10<br />
Renter’s Insurance 5<br />
Disclosures: Environmental, material facts, stigma 10<br />
Habitability 5<br />
Rules & Regulations for Renters 5<br />
Tenant Safety – How the courts look at liability<br />
Vendors – Common Risk Factors (licensing, insurance, work orders) 15<br />
Brining it all together, managing conflict: Summary & Conclusion 10<br />
TOTAL: 160 min ÷ 50 class hr = 3.2 Hours<br />
37. Dague, Jimmy<br />
“WCR – Networking and Referral Systems” (WCR – Women’s Council <strong>of</strong> Realtors)<br />
Request: 7 Hours General Classroom<br />
Recommendation: Approve – 3 Hours – Personal Development – Classroom. This course<br />
provides information on self improvement, networking and is being<br />
recommended for personal development. This course is for WCR<br />
certification. Sponsor has been notified <strong>of</strong> the designation change from<br />
General to Personal Development and hours allowed for Personal<br />
Development would reduce the certificate to 3 hours. The course content<br />
meets NAC 645 standards for personal development.<br />
Instructors: Jimmy Dague Jo-Ann Sloan<br />
Objective: To manage and build relationships through networking and referrals. Supply tools and<br />
information to make transition from salesperson to pr<strong>of</strong>essional. Build a steady stream <strong>of</strong><br />
advocates & referrals.<br />
Standards: 1(a) Current information on real estate which will improve the pr<strong>of</strong>essional knowledge<br />
<strong>of</strong> the licensee and enable him to give better service to the public.<br />
Content:<br />
Course & WCR (Women’s Council <strong>of</strong> Realtors) Introduction<br />
Module 1: Difference Between Networking and Referrals<br />
30<br />
Introduction 5<br />
Networking 5<br />
Referrals 5<br />
Networking Basics 10<br />
Strategic Networking 10<br />
Relationship Building 10<br />
Choosing the Right Networks 10<br />
Making the Most <strong>of</strong> Your Networking Competency 10<br />
Parlaying the Possibilities<br />
Module 2: The Process: A Blueprint to Success<br />
10<br />
Introduction 5<br />
Personal Business Planning 10<br />
Goal Setting 10<br />
Marketing Planning 15<br />
The Marketing Investment<br />
<strong>Page</strong> 53 <strong>of</strong> <strong>61</strong><br />
15
Evaluating Your Results 15<br />
E-Tools<br />
Databases 15<br />
Choosing a Database 15<br />
Building a Database 15<br />
Using a Database 15<br />
Personal and Company Web Sites 15<br />
Other E-Solutions 15<br />
Module 3: Reaching New Heights With Your Referral Business<br />
Introduction 5<br />
Building Your Referral Business 15<br />
Tips for Getting More Referrals 15<br />
Passive to Pro-Active Referrals 15<br />
Systems for Processing Referrals<br />
SOI and B@B Referral Trees 15<br />
Referral Tracking Form 15<br />
Agent to Agent Referrals 15<br />
Marketing Agent to Agent Referrals 15<br />
Evaluating Your Results 15<br />
Wrap Up 15<br />
TOTAL: 420 min ÷ 50 class hr = 8.4 Hours<br />
38. Realty One Group<br />
“Fannie Mae Freddie Mac Standard Short Sales / HAFA II”<br />
Request: 3 Hours General Classroom<br />
Recommendation: Approve – 3 Hours – General – Classroom. The course content meets NAC<br />
645 standards.<br />
Instructors: Peggy Simon<br />
Objective: Learn the latest version <strong>of</strong> HAFA II effective 11-1-2012. Requirements, changes & new<br />
programs.<br />
Standards: 1(a) Current information on real estate which will improve the pr<strong>of</strong>essional knowledge<br />
<strong>of</strong> the licensee and enable him to give better service to the public.<br />
Content:<br />
Introductions, Classroom Procedures, CE Requirements<br />
HAFA/HAMP Definitions 5<br />
Servicer Evaluation <strong>of</strong> Delinquent Borrowers 5<br />
Workout Options for the Delinquent Borrower 10<br />
Participation 5<br />
New Guidelines Include 5<br />
Consolidation the Programs 11-1-2012 5<br />
Expiration <strong>of</strong> Original HAFA Plans 5<br />
HAMP Expiration 5<br />
HAFA II Eligibility 5<br />
<strong>Page</strong> 54 <strong>of</strong> <strong>61</strong>
What is Imminent Default? 5<br />
New Streamline Plan 5<br />
BREAK 10 Minutes<br />
Other Short Sale Eligible Hardships 10<br />
Occupancy Requirements 5<br />
Not a Hardship 5<br />
Default Rules have Changed 5<br />
Property Value – Fannie Mae 5<br />
Freddie Mac – Minimum Net 5<br />
Cash Contributions from the Borrower 10<br />
BREAK 10 Minutes<br />
Promissory Notes from the Borrower 10<br />
No Contribution/Prom. Note Required 5<br />
Was there a new mortgage loan obtained during hardship? 5<br />
Arm’s Length Transactions 10<br />
Fannie Mae Authority/Freddie Mac Authority 5<br />
Key Facts About HAFA II 5<br />
June 2012 Servicer Timelines still in effect 5<br />
What constitutes Fraud? 5<br />
Deed-in-Lieu <strong>of</strong> Foreclosure - Permission 5<br />
TOTAL: 160 min ÷ 50 class hr = 3.2 Hours<br />
39. Americana Real Estate Academy<br />
“Nevada Real Estate Division Complaints”<br />
Request: 3 Hours Broker Management Classroom<br />
Recommendation: Approve – 3 Hours – Broker Management – Classroom. The class provides<br />
responsibilities and liabilities <strong>of</strong> a broker. The course content meets NAC<br />
645 standards.<br />
Instructors: Forrest Barbee<br />
Objective: To educate brokers/sales managers in the RE Division complaint/hearing process. To<br />
review the most common complaints that are filed so that brokers/managers are aware <strong>of</strong><br />
them.<br />
Standards: 1(a) Current information on real estate which will improve the pr<strong>of</strong>essional knowledge<br />
<strong>of</strong> the licensee and enable him to give better service to the public.<br />
1(b) Information that relates to pertinent Nevada laws and regulations.<br />
Content:<br />
How Complaints are Filed 15<br />
Statement <strong>of</strong> Fact, Form 514<br />
Request for Record <strong>of</strong> Complaints, Form 638<br />
Division vs. Local <strong>REAL</strong>TOR Board Complaints<br />
The Complain Process<br />
Complaint submitted to NRED Compliance Staff 5<br />
The Investigation Phase 10<br />
The role <strong>of</strong> the Broker 5<br />
<strong>Page</strong> 55 <strong>of</strong> <strong>61</strong>
The role <strong>of</strong> the Attorney General’s <strong>of</strong>fice 5<br />
Civil and Criminal actions 5<br />
Real Estate Education, Research and Recovery Fund Relief 5<br />
BREAK 10 Minutes<br />
Nevada Real Estate Division Compliance Outcomes<br />
Administrative Fines 5<br />
Summary Suspensions 5<br />
Stipulated Settlements 5<br />
Full Commission Hearing 5<br />
Referring to other authorities 5<br />
The Top 10+ List <strong>of</strong> Most Common Complaints<br />
Broker failing to notify the Division <strong>of</strong> a change in <strong>of</strong>fice location or failing to maintain<br />
an <strong>of</strong>fice (NRS 645.570; NRS 645.550) 5<br />
Failure to disclose status as a real estate licensee when licensee has an interest in the<br />
transaction (NRS 645.252; NAC 645.637-640) 5<br />
Failing to report a conviction or guilty plea to the Division (NRS 645.995) 5<br />
Failure to provide written notice <strong>of</strong> <strong>of</strong>fer rejection (NAC 645.632) 10<br />
BREAK 10 Minutes<br />
Failure to submit <strong>of</strong>fers – including licensees holding <strong>of</strong>fers in order to submit a more<br />
desirable <strong>of</strong>fer or an <strong>of</strong>fer where the licensee can represent both sides <strong>of</strong> the transaction<br />
(NRS 645.252-254) 5<br />
Trust account embezzlement and comingling (Trust Fund Accounting manual) 5<br />
Broker-Salespersons / Salespersons conducting real estate activity outside the<br />
brokerage and receiving compensation directly from clients or associates (NRS<br />
645.600; NRS 645.280) 5<br />
Unlicensed real estate activity – including those without the appropriate Nevada<br />
licensure and out-<strong>of</strong>-state licensees (NRS 645.230; NRS 645.605) 5<br />
Mismanagement <strong>of</strong> property by property managers (NRS 645.6056) 5<br />
Property Managers failing to account for a remit funds (Trust Fund Accounting manual;<br />
NRS 118A.240-242) 5<br />
Unlicensed property management activity (NRS 645.019) 10<br />
Division Information Bulletin # 012, PM Information Bulletin<br />
Division Information Bulletin # 010, Unlicensed Assistant / Virtual Assistants<br />
Loan Fraud Concerns 10<br />
Short Sale Transaction<br />
Local FBI Fraud Task Force<br />
Local U.S. Dept <strong>of</strong> HUD Investigations<br />
TOTAL: 150 min ÷ 50 class hr = 3.0 Hours<br />
<strong>Page</strong> 56 <strong>of</strong> <strong>61</strong>
40. Real Estate Online Training<br />
“Certified Community Stabilization Expert” (CCSE)<br />
Request: 6 Hours General Internet<br />
Recommendation: Approve – 6 Hours – General – Internet. The content does provide<br />
pr<strong>of</strong>essional knowledge in reference to REO’s and provides detail<br />
information for the licensee to help buyers and sellers in promoting owneroccupant<br />
access to REO homes. The distance education instructional design<br />
and delivery method is ARELLO certified. This course is for certification<br />
and has actual real life projects outlined in the course where the RE<br />
pr<strong>of</strong>essional can become the expert. The course contents meets NAC 645<br />
standards for General.<br />
Instructors: Ann Aurora Pucciarello<br />
Objective: At the end <strong>of</strong> the course, the students will be able to:<br />
• Identify the impact <strong>of</strong> foreclosure on homeownership and community stability<br />
• Explain the importance <strong>of</strong> owner-occupants to neighborhood stabilization<br />
• List methods real estate pr<strong>of</strong>essionals can use to acquaint lenders with the benefits <strong>of</strong><br />
selling REO homes to owner-occupants<br />
• Discuss the importance <strong>of</strong> physical repair in attracting owner-occupant buyers,<br />
maximizing return to lenders, and preserving community stability<br />
• Illustrate how to work with occupants <strong>of</strong> REO properties to ensure the best outcomes<br />
• Outline down payment assistance programs and other forms <strong>of</strong> financing REO<br />
homebuyers can use<br />
• Paraphrase how to work with government agencies, nonpr<strong>of</strong>its, and the real estate<br />
community to support community stabilization<br />
• Recommend ways to leverage community stabilization knowledge into business<br />
opportunities<br />
Standards: (d) Real estate financing, including mortgages and other techniques;<br />
(e) The measurement and evaluation <strong>of</strong> the market for real estate, including evaluations <strong>of</strong> sites,<br />
market data and studies <strong>of</strong> feasibility;<br />
Content:<br />
Lesson 1: How the Foreclosure Crisis Destabilized Communities 100<br />
Describe the factors that contributed to the current housing crisis<br />
Discuss how foreclosures have destabilized communities<br />
Evaluate foreclosure prevention efforts through loan modifications<br />
Summarize the short sale as an alternative to foreclosing<br />
Outline programs that have been created to combat destabilization<br />
Discuss the role <strong>of</strong> real estate pr<strong>of</strong>essionals in the community<br />
Lesson 2: Homeownership as a Tool for Community Stabilization 30<br />
Identify the roles investors played in community destabilization<br />
Classify the value <strong>of</strong> owner-occupant buyers<br />
Compare the advantages <strong>of</strong> owner-occupancy to lenders<br />
List the community benefits <strong>of</strong> increasing home ownership<br />
Summarize the long-term business opportunities created through the sale <strong>of</strong> REOs to<br />
<strong>Page</strong> 57 <strong>of</strong> <strong>61</strong>
homeowners<br />
Explain how some lenders are promoting homeownership as a means to stabilize<br />
neighborhoods<br />
Lesson 3: The Critical Role Real Estate Pr<strong>of</strong>essionals Can Play in Promoting Stabilization 40<br />
Describe the elements <strong>of</strong> a stable community<br />
Explain what makes communities stable<br />
Assess how stability is preserved<br />
Discuss the role REO listing brokers can play in promoting owner-occupant access to<br />
REO homes<br />
Illustrate how brokers and agents can take an active role in promoting home ownership<br />
and stability in their communities<br />
Indicate how stabilization activities can help grow broker’s businesses<br />
Provide topics for blog posts or media interviews promoting community stabilization<br />
Prepare a sample press release to promote seminars<br />
Lesson 4: Making Physical Repairs to Attract Owner Occupants 43<br />
Defend the business case for an “as repaired” versus “as is” marketing strategy<br />
Describe the relationship between property condition and owner-occupant access to<br />
REOs<br />
Discuss why more extensive repairs are needed to attract owner-occupant buyers and<br />
what benefits making these repairs will have for owners<br />
Identify non-monetary benefits resulting from making more extensive repairs<br />
Show how failing to repair homes might lead to fair housing violations<br />
Report how homes need to be repaired to meet FHA financing standards<br />
Lesson 5: Creating a Repair Strategy to Attract Homeowners 24<br />
Develop a repair strategy that balances the goals <strong>of</strong> REO owners and individual home<br />
buyers<br />
Discuss the importance <strong>of</strong> a repair strategy<br />
Outline minor repairs that <strong>of</strong>ten affect an REO’s curb appeal and affect an owneroccupants<br />
perception <strong>of</strong> a home<br />
Define those minor issues most likely to influence a homeowner’s decision to buy a<br />
property<br />
Produce a checklist <strong>of</strong> ongoing inspection and maintenance tasks that will keep a<br />
property in top marketing condition<br />
Lesson 6: Working with Occupied Properties 24<br />
Compare occupied to vacant properties<br />
Outline the rights <strong>of</strong> foreclosed homeowners<br />
Identify the rights <strong>of</strong> tenants in foreclosed homes<br />
Discuss the types <strong>of</strong> rental strategies being implemented by major REO holders<br />
Provide tips for helping in-place occupants relocate<br />
Lesson 7: Locating and Attracting Owner-Occupant Buyers 30<br />
Analyze local market conditions to determine how to reach pools <strong>of</strong> owner-occupant<br />
buyers<br />
Identify successful REO buyers<br />
Demonstrate techniques for writing MLS listings and other promotional copy that will<br />
attract owner-occupants to an REO home<br />
Illustrate techniques for educating buyer’s agents about the pros and cons <strong>of</strong> purchasing<br />
an REO<br />
Summarize techniques for educating prospective homebuyers about the pros and cons<br />
<strong>Page</strong> 58 <strong>of</strong> <strong>61</strong>
<strong>of</strong> purchasing an REO property<br />
Lesson 8: Tools to Help Homeowners Buy REO’s 31<br />
Compare about the home purchase and down payment programs that can aid REO<br />
buyers<br />
Differentiate different sources <strong>of</strong> funding aid<br />
Discuss the major provisions and application criteria for funding aid programs<br />
List loan programs that help fund the rehab <strong>of</strong> REO properties<br />
Identify repairs permitted in loan programs<br />
Establish parameters for proper qualifying <strong>of</strong> REO buyers<br />
Lesson 9: Working with Government and Nonpr<strong>of</strong>its to Promote Stability 40<br />
Summarize the long-term benefits <strong>of</strong> working with government agencies and nonpr<strong>of</strong>its<br />
List steps to take when engaging with local government agencies<br />
Provide important questions to ask before selecting a nonpr<strong>of</strong>it partner<br />
Outline steps to take in forming an alliance with a nonpr<strong>of</strong>it entity<br />
Describe the long term benefits <strong>of</strong> partnering for community stability<br />
Lesson 10: Working with Other Community Stakeholders to Achieve Stability 41<br />
Identify other community-based groups that might become allies for community<br />
stability<br />
Summarize effective ways to work with other real estate pr<strong>of</strong>essionals<br />
Establish effective ways to work with neighborhood groups<br />
List points to discuss with local social institutions<br />
Discuss points <strong>of</strong> common interest for business leaders<br />
Assess the value <strong>of</strong> making community stabilization a lifelong commitment<br />
TOTAL: 403 min ÷ 50 class hr = 8.06 Hours<br />
41. Lorman Business Center, Inc.<br />
“Landlord and Tenant Law”<br />
Request: 7 Hours Property Management Classroom<br />
Recommendation: Approve – 7 Hours – Property Management – Classroom. The course<br />
content meets NAC 645 standards.<br />
Instructors: Steven Marzullo Esquire Jeffrey Patterson Esquire<br />
Objective: Act appropriately when a tenant abandons the property. Protect your bottom line<br />
effectively manage tenant default and bankruptcy. Understand issues specific to mobile<br />
home parks.<br />
Standards: 1(a) Current information on real estate which will improve the pr<strong>of</strong>essional knowledge<br />
<strong>of</strong> the licensee and enable him to give better service to the public.<br />
1(b) Information that relates to pertinent Nevada laws and regulations.<br />
Content:<br />
Commercial Evictions 210<br />
Preliminary Considerations<br />
Evictions for Nonpayment <strong>of</strong> Rent<br />
Writ <strong>of</strong> Restitution Procedures<br />
Claims for Rents and Damages<br />
Constructive Evictions<br />
<strong>Page</strong> 59 <strong>of</strong> <strong>61</strong>
Landlord’s Remedies When Tenant Files Bankruptcy<br />
Unexpired Leases Under the Bankruptcy Code<br />
Landlord Remedies for Nonpayment <strong>of</strong> Post-petition Rent<br />
Claims and Damages Upon Rejection <strong>of</strong> Lease<br />
Landlord’s Lien in Nevada<br />
Common Law<br />
Contractual Law<br />
Eviction Defenses 185<br />
Five-Day Pay Rent or Quit Notice<br />
30-Day Notices<br />
Nuisance Defenses<br />
Defenses to Evictions Involving Lease Violations<br />
Defenses in Federally Subsidized Housing Evictions<br />
Waiving Court Filing Fees<br />
Post Eviction Proceeding<br />
Eviction Procedure and Remedies – The Unlawful Detainer Action<br />
Definition <strong>of</strong> Unlawful Detainer<br />
Nevada Statutory Bases <strong>of</strong> Unlawful Detainer<br />
Ouster or Removal Remedies<br />
Jurisdiction <strong>of</strong> Justice Court<br />
Summary Evictions and Notices<br />
Steps to be Taken in Summary Eviction Process<br />
Notices and Grounds for Eviction- Residential Tenancies<br />
Types <strong>of</strong> Notices and Grounds for Eviction<br />
Pro<strong>of</strong> <strong>of</strong> Service<br />
Foreclosures<br />
Abandonment and Self Help<br />
Discretion <strong>of</strong> Court<br />
Appeals from Summary Evictions<br />
Mobile Home Park Landlord Tenant Law<br />
Policy<br />
Applicability<br />
Notice to Cure<br />
Mobile Home Park Eviction Procedure: Setting the Hearing<br />
Merits – Trying the Case<br />
Judgment/Writ <strong>of</strong> Restitution NRS 108 Justice Court Lien Hearings<br />
TOTAL: 395 min ÷ 50 class hr = 7.9 Hours<br />
<strong>Page</strong> 60 <strong>of</strong> <strong>61</strong>
42. National Association <strong>of</strong> Real Estate Investment Advisors<br />
“REIA Course 101: Residential Real Estate Investing”<br />
Request: 8 Hours General Classroom<br />
Recommendation: Approve – 8 Hours – General – Classroom. The (NAREIA) National<br />
Association <strong>of</strong> Real Estate Investment Advisors is a new group that formed in<br />
2012. The course content meets NAC 645 standards for general.<br />
Instructors: Kenneth T. Holman<br />
Objective: Educate attendees on investing in residential real estate.<br />
Standards: 2(d) Real estate financing, including mortgages and other techniques.<br />
2(e) The measurement and evaluation <strong>of</strong> the market for real estate, including<br />
evaluations <strong>of</strong> sites, market data and studies <strong>of</strong> feasibility.<br />
2(g) Real estate mathematics.<br />
2(h) The management <strong>of</strong> real property, including leasing agreements, procedures for<br />
accounting and contracts for management.<br />
2(i) The exchange <strong>of</strong> real property.<br />
2(k) Real estate securities and syndications.<br />
2(l) Accounting and taxation as applied to real property.<br />
2(o) The use <strong>of</strong> calculators and other technologies as applied to the practice <strong>of</strong> real<br />
estate.<br />
2(q) Personal development courses.<br />
Content:<br />
Welcome 15<br />
Real Estate Investment Advisor Overview 15<br />
Building Wealth Through Residential Real Estate Investing 30<br />
Advantages <strong>of</strong> Real Estate as an Investment 30<br />
BREAK 15 Minutes<br />
Establishing Investment Criteria & Finding Properties 30<br />
Analyzing Residential Properties Using Real Estate Metrics 45<br />
Raising Equity Capital & Financing Residential Property (Mortgage Banker) 45<br />
Valuation <strong>of</strong> Residential Real Estate (Residential Appraiser) 45<br />
Accounting, Taxation & Ownership <strong>of</strong> Residential Property (CPA) 45<br />
Preparing, Presenting & Negotiating the Offer 30<br />
Residential Property Due Diligence (Home Inspector) 15<br />
BREAK 15 Minutes<br />
Legal, Title & Closing Issues (Title Attorney / Escrow Officer) 45<br />
Renovating Residential Property (General Contractor) 30<br />
Renting & Managing Residential Property (Property Manager) 15<br />
Selling Residential Property 15<br />
Hand in Test & Course Evaluation<br />
TOTAL: 450 min ÷ 50 class hr = 9.0 Hours<br />
<strong>Page</strong> <strong>61</strong> <strong>of</strong> <strong>61</strong>