Maximum number of 8 hours can be completed in a 24 hour period.
All the courses being offered are Elective courses.
 
Real Estate Appraisal  4 Hrs Elective 
Closings and Settlement Costs  4 Hrs Elective 
Contracts, Purchase and Sales Agreements 4 Hrs Elective  
Environmental Hazards  4 Hrs Elective  
Fair Housing  4 Hrs Elective 
Real Estate Finance  4 Hrs Elective 
Liens, Taxes, and Foreclosures 4 Hrs Elective 
Property Management 4 Hrs Elective 
Real Property Ownership And Land Use  4 Hrs Elective 
Tax-Favorable Real Estate Transactions 4 Hrs Elective 
Using the Internet to Serve Clients  4 Hrs Elective 








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1. What is the cost of the course and what methods of payment are accepted?

A:The cost of each course is located in the course catalog. You may pay using all major credit cards (Visa, MasterCard, Discover, American Express) and Telecheck.




2. Is it secure to send my credit card information over the internet?

A:Yes. We use a secure site since credit card transactions are very sensitive in nature.



3. What happens if I get disconnected from the internet?

A:If you are disconnected from the Internet, you will need to log back into your account. In this case, you will return to the beginning of the lesson you were working on.



4.Can I take the course from various locations and computers?

A:Our courses are set up for students to access their account from any computer that is compatible and has Internet access.



5. What happens if I have technical difficulties or the system malfunctions during the course?

A:A trusted eLearning provider,
We are dedicated to the support of our students and have help available 24/7.
Call for registration help   877.230.9485
Call  for bulk rates 877.230.9485



6. Can I take this course with the AOL browser?

A:Although you can take the course with any browser of your choosing please note that our technical support team is not able to provide assistance in the event of a problem while taking a course with the AOL browser.



7. Do I need to use a PC? What if I have a Macintosh?

A:If you have a MAC you can still sign on to take any of our classes. Many of our customers have taken their courses on a MAC and had no problems whatsoever. However, be aware that our technical support team may be unable to assist you should you encounter technical difficulties. If you have a MAC, you will need the latest version of internet explorer as well as the latest version of the Macromedia Flash Player.



8. Do I need to have sound on my computer to take these classes?

A:While sound is another feature of our courses, it is not necessary for a customer to have sound in order to learn the course material or complete the course. All information played in audio is also displayed in text by the course player.



9. How do I get a username or password? What do I use it for? What should I do if I forget it?

A:The username and password is selected by the student. It should be easily remembered; we suggest the student use their email address. Students will use the same username and password each time they log in to the virtual university page to access their course. Returning students are able to log in using the Returning Student section on the home page of the virtual university.


10. How to get the credit hours reported?

It depends on your state, please call our support center for more information.



11. Who do I contact to take the State Real Estate Exam?

A:Contact your State's Real Estate Commissions board to sign up and register for the state exam.


12. Can the pre-licensing courses be repeated for state post licensing requirements or the SAE in Texas?

A:No, the courses you took for your pre-licensing can not be repeated as post license / SAE courses.



13. If I am licensed in another state, how many credit hours are required to get a Real Estate license in Texas?

A:Texas does not offer reciprocity with any other states in regards to real estate licensure. To become licensed in the state of Texas,
an out of state licensee must meet all current Texas licensing requirements.






COLORADO
REAL ESTATE
CE CLASSES
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$36.00
$36.00
$36.00
$36.00
$36.00
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$36.00
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$36.00
COLORADO CONTINUING ED REQUIREMENTS
--------------------------------------------------------------------------------
Pursuant to the recent legislative changes in House Bill 08-1212 including Colorado Revised Statutes 12-61-110.5, effective April 17, 2008, licensees are now required to complete 12 hours of the mandatory 4-Hour Annual Commission Update Course prior to applying to renew an active license, activate an inactive license or reinstate an expired license to active status. Licensees must complete 12 hours of the 4-Hour Annual Commission Update Course during the three-year renewal cycle under the following circumstances:

1) A real estate broker’s license expires on April 17, 2008. The licensee must complete 12 hours of the update course by their anniversary date April 17, 2011.

2) When a real estate broker’s license expires after April 17, 2008, the licensee must complete 12 hours of the 4 hour mandatory update course during the licensee’s new three-year renewal cycle.

The remaining licensees who, as of April 17, 2008, are in a partial three year renewal cycle must complete only 8 hours of the 4-Hour Annual Commission Update Course prior to applying to renew an active license, activate an inactive license or reinstate an expired license to active status. However, once the license is renewed, the licensee must complete 12 hours of the update course during the new three-year renewal cycle. Please note: The 4-Hour Annual Commission Update Course is not the Mandatory Ethics Course that is often offered by the local Board of Realtor Associations. The Mandatory Ethics Course receives elective credits, not credit toward the 4-Hour Annual Commission Update Course. 

SAMPLE COURSE DESCRIPTIONS

Real Estate Appraisal 
In order to own and convey property in a market economy it is necessary for that property to be assigned a specific monetary value. This process, unlike, say, that of assigning value to durable goods—which have specific materials, production and marketing costs—can be somewhat more involved. With property, the fixed costs—building materials and labor costs—are always accompanied by more esoteric factors that go to make property more (or less) valuable. Becoming a member of the group that understands and applies these factors is a bit more complex than simply being able to understand a balance sheet.

The objective of this course is to familiarize the student with the principles, theories, duties and activities that pertain to real estate appraisal and valuation.  Developing an opinion of value is what the real estate appraiser does, but, as we’ve alluded to, this is far from an effortless process.  Understanding the obligation of the real estate industry to promote professionalism and ethical business practices is a beginning to being able to carry out this process such that it is beneficial to licensees, consumers and the market in which they do business. 

As well as touching upon general standards by which the value of property should be established, this course is broken down into separate lessons which cover:
•Role of a Real Estate Appraiser
•Federal Legislation and National Agencies Governing the Industry
•An Overview of Basic Value Principles
•Dynamics of the Real Estate Market
•Three Approaches to Appraisal
•Appraisal Process
•Real Estate Appraisal Practice Exercises
Completing this course will leave the student with a good understanding of fundamental principles of appraisal, methods of real estate valuation, the various kinds of appraisal licensure and certification, the diverse types of appraisal, and what license or certificate is appropriate for given ones.  In addition, the course examines the ways in which appraisal can affect both the larger economy and the availability of housing.  The course concludes with real-world practice lessons in which students apply their new knowledge to examples and case studies.

Closings and Settlement Costs 
This course provides an introduction to residential real estate finance, including information on how to underwrite FHA, VA, FNMA and FHLMC loans. Understanding this information will help the student assist his or her buyer- and seller-clients from the initial meeting, through the closing proceedings with basic financing and loan-qualification questions.
In accordance with TREC rules Sections 535.71 and 535.72D, in this course, you will learn the basics of the different types of loans available, loan applications, appraisals, escrow, titles and credit reports, including qualifying for loan amounts and verifying income and assets.

Upon completion of this module, the student will know how to calculate loan amounts, estimate monthly payments, property taxes, hazard and mortgage insurance (for conventional, FHA and VA) and qualifying ratios and income.







Contracts, Purchase and Sales Agreements 
Before entering into a legally binding agreement, real estate professionals must fully understand the contracts that govern their industry.  Failure to understand contracts opens a licensee to various kinds of liability and can seriously damage one’s professional reputation. Therefore, it is vital that real estate professionals learn this material so that they can protect themselves against errors, oversights and misunderstandings.   

In this module you will learn about the types of general contracts as well as the different kinds of real estate contracts.  The module provides the student with an overview of the various types of contracts: bilateral, unilateral, implied, express, executed, executory, valid, void, voidable and unenforceable.  Once the student is introduced to the different types of contracts, he or she learns what makes a contract legally enforceable, this being the five components that make a contract valid: mutual assent, legally competent parties, consideration, lawful objective and adherence to a statute of frauds. This module includes the following lessons:
•Types of Contracts
•Features of a Legally Valid Contract
•Contract Fulfillment
•Real Estate Contracts

The fifth and concluding lesson in this module presents real-world dilemmas and concrete applications of the information presented in the rest of the course.  As the student completes this module, he or she should try to develop a broad picture of environmental issues and how they fit into the larger practice of real estate; the last lesson will help with this project by presenting comprehensive content questions, practice problems and case studies.

Environmental Hazards
This course covers major environmental hazards.  Licensees need to familiarize themselves with environmental issues because they have a responsibility to disclose to buyers any information that might affect their decision to buy.  Environmental hazards can dramatically affect a property’s value, so buyers, sellers, lenders and licensees all can be affected by them. This course includes the following lessons:
•The Indoor Environment
•The External Environment
•Legislation
•Disclosure and Site Assessment
•Real Estate Practice
Students will learn throughout this course to identify internal and external environmental issues.  They will learn about health hazards, environmental legislation, liability and responsibility for cleanup and protection.  They will also learn about actions they should take and how issues affect licensees and lending.  Licensees are not expected to be environmental experts, but in this course students will acquire a competency with environmental issues which will help them to elucidate issues for buyers, sellers and lenders.  Knowledge of environmental issues also will help protect them from charges of nondisclosure.     

The conclusion of this course presents real world dilemmas and applications of the information presented.  As the student completes this course, he or she should try to paint a big picture of environmental issues, which the course will address with comprehensive content questions, practices and case studies.

Fair Housing 
This course covers broad issues on fair housing laws. Specifically, the student will learn: what fair housing laws exist, what classes of individuals are covered under these laws, how discrimination is defined in real estate, how can one avoid discriminating practices, and what the consequences are for non-compliance with fair housing laws. This module addresses the following topics:
•Introduction to Fair Housing
•Discrimination
•Additional Legal Protections to Prevent Discrimination
•Enforcement of Fair Housing Laws
•Avoiding Discriminatory Practices
•Real World Practice 

Real Estate Finance 
This course provides an introduction to residential real estate finance, including information on the underwriting process for FHA, VA, FNMA & FHLMC loans.  It includes the following lessons:
•Introduction to Loans
•Conventional Loans
•FHA Loans
•VA Loans
•The Basics of Real Estate Financing
•Real Estate Practice
In this course the student will learn the basics of the different types of loans available and the advantages and disadvantages of each; loan applications; appraisals; escrow; titles; and credit reports, including qualifying for loan amounts and verifying income and assets.

The student will also learn how to calculate loan amounts, estimate monthly payments from property taxes, hazard and mortgage insurance, qualifying ratios and income.

Liens, Taxes, and Foreclosures
This module discusses liens, taxes and foreclosures. There are many types of liens, as well as several kinds of taxes, that can attach to a parcel of real estate. When borrowers default on a debt, foreclosure is the process by which lienholders collect the unpaid portion of a debt. Because liens represent an interest in real property, it is crucial that real estate licensees develop an in-depth understanding of liens and lien-related issues. Such knowledge also helps licensees to better advise buyers and sellers.
The first lesson presents a general overview of liens. It explains the classification of liens and discusses the types of non-tax liens. Lesson two discusses taxes and tax issues, including ad valorem taxes, real estate tax computation, special assessments, real estate transfer taxes, federal income taxes, capital gains taxes and tax shelters for homeowners and investors. It also discusses the priority of liens. Lesson three addresses the methods of foreclosure, redemption, deficiency judgments, tips for homeowners facing foreclosure and fraudulent behaviors related to foreclosure.

The conclusion of this module presents real world dilemmas and applications of the information presented. As the student completes the module, he or she should try to paint a big picture of the issues surrounding liens, taxes and foreclosures, which the module addresses with comprehensive questions, activities and case studies.



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