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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 />

<strong>Page</strong> 3 <strong>of</strong> <strong>61</strong>


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 />

<strong>Page</strong> 4 <strong>of</strong> <strong>61</strong>


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 />

<strong>Page</strong> 6 <strong>of</strong> <strong>61</strong><br />

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 />

<strong>Page</strong> 9 <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(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 />

<strong>Page</strong> 11 <strong>of</strong> <strong>61</strong>


• 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 />

<strong>Page</strong> 49 <strong>of</strong> <strong>61</strong>


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>

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