KANSAS Real Estate CE
Asset Management 3.0
Home Inspection 3.0
Real Estate Math 3.0
Deeds 3.0
KANSAS
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New salesperson licensees must complete the 30-hour “Kansas Salespersons Post License Course” within 6 months of licensure. Afterwards, they will renew according to the state schedule depending on the last initial.
You must complete 12 hours of state approved elective courses every 2 years. Sales agents renew every 2 years on the last day of the month preceding their license expiration date. To receive credit, you will be required to take and pass a final exam online with a minimum score of 90%.
BROKERS must meet a 12-hour continuing education requirement by their first renewal date and at each subsequent two-year renewal.
SALESPERSONS must meet a 12-hour continuing education requirement for each subsequent two-year renewal after meeting the 30-hour post-license requirement.
Mandatory Hours
For renewals prior to January 1, 1999, the 12 hours required must include at least 3 mandatory core hours (no more than 9 can be elective hours).
For BROKER licenses renewed after January 1, 1999, at least 6 of the 12 hours must be mandatory core hours. Salesperson renewals continue to require 3 mandatory hours.
SAMPLE COURSE DESCRIPTIONS
The purpose of this course is to offer a broad understanding of the purpose and execution of the 1031 tax-deferred exchange. This class will empower you to provide your clients with an alternative to paying capital gains taxes, however the course is not intended to allow or suggest that the student is now empowered to give tax advice. Real estate professionals should always recommend that a client get accurate advice from a qualified tax specialist.
When engaging in real estate transactions it is always recommended that the client seek the advice of a qualified tax specialist as tax laws frequently change, and in many cases the real estate professional does not know the client's total tax picture. There are circumstances in which the 1031 tax-deferred exchange is not the best avenue for a particular client at a particular time. On the other hand, it is important from the standpoint of professional liability that real estate experts at least explain the concept of the 1031 exchange to his investor client.
This module includes the following lessons:
•Introduction to 1031 Real Estate Exchange
•Mechanics of the 1031 Exchange
•Practice and Case Studies
Learning Objectives
•Know why taxpayers use 1031 exchanges
•Assist investors with the use of 1031 exchanges
•Realize how 1031 exchanges benefit real estate professionals
•Work through a 1031 exchange
•See the 1031 process through the professional's eyes
•Know the role of and need for a qualified intermediary
•Differentiate between like-kind and non-like-kind property
•Know the different types of 1031 exchanges
•Know how to properly document a 1031 exchange
Asset Management is the term used for the decision-making process involved in maximizing returns on real property investments. This process includes such decisions as whether or not to renew a lease for a tenant, purchase or lease more assets, improve, sell or rent one's current assets, etc. The asset manager must be aware of market trends and indicators and must be able to accurately predict the cash inflows and outflows of his or her own holdings. This module provides an introduction to the basics of asset management. It introduces the student to the key ideas and concepts of management as well as the techniques a manager will use to evaluate the market and evaluate the financial impact of alternatives in order to make properly informed decisions. The student will learn how to handle distressed properties and how to successfully market a revenue-increasing strategy.
The module ends with case studies and real world practice, which will aid the student in becoming confident and familiar with the various aspects of asset management.
Learning Objectives
•Be familiar with the basic concepts of asset management
•Be familiar with the common decisions faced by an asset manager
•Know what a Real Estate Investment Trust (REIT) is and the benefits of investing in one
•Understand the risks and rewards associated with real estate investment
•Know how to conduct a useful market study
•Understand how interest rates affect the real estate market
•Be able to calculate the depreciation of residential and commercial real property held for business or investment
•Be familiar with the financial ratio methods of valuation, including Price to Earnings Ratios and Cap Rates
•Know how to create a pro forma projection for a real estate investment alternative
•Know the basics of a Discounted Cash Flow (DCF) analysis
•Know how to use the Net Present Value (NPV) and Internal Rate of Return (IRR) to compare the values of several alternatives
•Be familiar with distressed properties and how to handle them
•Know the important factors to consider when refinancing
•Be able to apply these concepts in the real world
An American National Standard is developed through a consensus process that involves those organizations and individuals directly and materially affected by the existence of a standard. A standard itself is a voluntary guide for producers and consumers. The American National Standards Institute is the central body responsible for identifying a single, consistent set of voluntary standards and verifying that the principles of openness and due process are heeded. All American National Standards are subject to periodic review and revision.
A standard allows individuals and organizations that use different terminologies based on different points of view to communicate, cooperate, and calculate quantities on a common basis. This standard promotes these goals in the hope that square footage calculation can become an item of agreement rather than a point of contention between groups with different interests and concerns.
This standard for the calculation and reporting of above-grade square footage and below-grade square footage in single-family houses is offered for voluntary application. The standard must be applied as a whole. The standard is not meant to replace or supersede any legal or otherwise required existing area measurement method. It may be used in a proposed, new or existing single-family house of any style but is not applicable to apartment/multifamily buildings. It does not cover room dimensions.
Before the adoption of the standard, no nationwide standard existed in the United States for measuring square footage in single-family houses. By contrast, a standard applicable to commercial buildings has been in effect for 80 years. In 1915, the Building Owners and Managers Association International (BOMA) developed a standard method for measuring floor area in office buildings. The BOMA standard was revised in 1952,1955,1971,1980 and 1989 and now bears the title Standard Method for Measuring Floor Area in Office Buildings, ANSI Z65.1-1980 (Reaffirmed 1989).
Note: This foreword is not part of American National Standard Z765-1996.
This module is deigned as a 3-hour course teaches those in the real estate community about estimating gross living area. This module includes two practice exams that will help the student prepare for the module exam. Understand that these are for practice only. The student must pass a comprehensive final exam to receive credit for the module.
This module includes the following lessons:
•American National Standard for Single-Family Residential Buildings
•Measurement and Calculation
•Appraisal Values
•The Appraisal Process
•Uniform Standards of Professional Appraisal Practice
•Valuation Analysis
•Summary and Other Guidelines
•Critical Thinking Questions and Case Studies
Learning Objectives
•Define the American National Standard for Single-Family Residential Buildings (ANSI) and associated definitions
•Understand the scope and purpose of the ANSI
•Employ the calculation and measurement of square footage
•Comprehend the Statement of Finished Square Footage
•Calculate and measure estimated gross living area according to floor plans
•Identify the different values associated with real property, namely market value
•Determine the forces affecting market value
•Apply the appraisal process with regards to the Bundle of Rights and the appraisal process flow chart
•Define the Uniform Standards of Professional Appraisal Practice (USPAP) and various rules that accompany the USPAP
•Identify the components of valuation analysis
•Review a summary of the course and guidelines used for the estimation of the gross living area
This module is a 3-hour course designed to teach real estate professionals the type of mathematics skills that are used in their trade. This module includes two practice exams that will help the student prepare for the final exam. Understand that these are for practice only. The student must pass a comprehensive final that consists of 20 questions to receive credit for the module.
This module covers math principles essential in the practice of real estate. Some of these topics may already be familiar to the student. The module will elaborate on how the subject matter pertains to real estate in everyday use. It is important that licensees understand the mathematical concepts presented here in order to be competent in the practice of real estate.
The module includes fractions, decimals and percentages: the mathematical language used to express many aspects of real estate practice. Area and volume will be discussed so that the licensee will be able to determine and express the amount of commodity in a particular parcel of realty. While not a real estate finance course, this module will review concepts of interest, amortization and loan rate and discount. These concepts must be understood fully so that the licensee may grasp the essential elements used in the purchase of and financing for real property. Additionally, the principle of prorating will depict the importance of time in the transfer of realty.
The conclusion of this module offers real world examples and applications of the information presented. Upon completion of this module the student will comprehend the language and principles of mathematics necessary to successfully function in the practice of real estate.
Learning Objectives
•Name key terms used in real estate math problems.
•Apply fractions, decimals and percentages.
•Translate fractions into decimal and percentage forms.
•Determine the area and volume of a given object or parcel.
•Manipulate the principles involved in rate calculations.
•Grasp the concept of amortization.
•Comprehend the principles of prorating and how to apply them.
•Understand and solve for appreciation and depreciation.
•Identify and apply calculation formulas to determine value and profit.
•Apply interest rates and loan discount rates.
•Use equations to calculate interest.
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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:IA 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.
KANSAS
REAL ESTATE
CE CLASSES
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