VIRGINIA Real Estate CE
These courses are approved by Virginia Real Estate Board.
Environmental Hazards 4 Hrs
Leases 4 Hrs
Real Estate Appraisal 4 Hrs
Real Estate Finance 4 Hrs
Virginia Fair Housing 4 Hrs
Virginia Broker Management 8 Hrs Broker
VIRGINIA
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Salespersons to whom active licenses have been issued by the Board shall be required to satisfactorily complete courses of not less than 16 hours of classroom or correspondence or other distance learning instruction during each licensing term. Of the total 16 hours, the curriculum shall include: (a) A minimum of eight required hours to include at least three hours of ethics and standards of conduct, two hours of fair housing, and the remaining three hours of legal updates and emerging trends, real estate agency, and real estate contracts; and (b) eight hours of general elective courses as are approved by the Board.
(Effective July 1, 2008) Brokers to whom active licenses have been issued by the Board shall be required to satisfactorily complete courses of not less than 24 hours of classroom or correspondence or other distance learning instruction during each licensing term. Of the total 24 hours, the curriculum shall include: (a) a minimum of eight required hours to include at least three hours of ethics and standards of conduct, two hours of fair housing, and the remaining three hours of legal updates and emerging trends, real estate agency, and real estate contracts; (b) a minimum of eight hours of courses relating to supervision and management of real estate agents and the management of real estate brokerage firms as are approved by the Board; and (c) eight hours of general elective courses as are approved by the Board.
Every applicant for relicensure as an active salesperson or broker shall complete the continuing education requirements prior to each renewal or reinstatement of their license. The continuing education requirement shall also apply to inactive licensees who make application for an active license. Notwithstanding this requirement, military personnel called to active duty in the armed forces of the United States may complete the required continuing education within six months of their release from active duty.
SAMPLE PACKAGE AND COURSE DESCRIPTIONS
16 Hr Virginia Salesperson CE Renewal Package
This package will include the following courses:
•Real Estate Ethics and NAR Code of Ethics
•Virginia Fair Housing
•Virginia Rules and Regulations
•Virginia Agency Relationships
•Contracts, Purchases and Sales Agreement
•Limited Service Agency
24 Hr Virginia Broker CE Renewal Package
This package will include the following courses:
•Virginia Broker Management
•Real Estate Ethics and NAR Code of Ethics
•Virginia Fair Housing
•Virginia Rules and Regulations
•Virginia Agency Relationships
•Contracts, Purchases and Sales Agreement
•Limited Service Agency
Virginia Agency Relationships
The undertaking of real estate transactions is a complex endeavor. Expertise is needed by buyers and sellers of real property in order to assure that profits are maximized while losses are minimized, both of these ends being realized in legal and ethical ways. To gain this expertise, it is common, if not necessary, for buyers and sellers to enter into relationships with those who have expertise in real property issues—namely, you.
A variety of relationships exist in real estate transactions and they are designed to serve the different means and degrees to which buyers and sellers are represented. These distinct relationship categories are borne of agency law.
Virginia Rules and Regulations
This course covers a broad range of issues related to Virginia real estate rules and regulations to help students complete required continuing education course work.
Our introductory lesson will discuss details of license renewal in Virginia. Going full circle, we’ll look at renewal from the perspective of an active broker or salesperson, an inactive broker or salesperson, and the board. We’ll also be looking at what to do when reinstatement is required and what could trigger disciplinary action.
Moving on to our second lesson, we will look at various areas of maintenance as it relates to the Virginia real estate industry. As with most businesses, keeping up with records and files is essential to the success of a real estate firm or proprietorship. We’ll be looking at maintaining proper care of licenses, offices, escrow accounts, and financial records.
The business dealings of licensees are regulated in an effort to ensure that all parties to transactions in real estate, both you and your clients, are protected and held responsible for being professional. The third lesson looks at the ways in which we should handle our business dealings.
The bulk of this course will instruct the student on how to deal with a mélange of real estate practices in Virginia. In the fourth lesson, students are going to learn about what NOT to do. We will investigate what constitutes improper practices and legal violations.
And the final lesson will try to tie together everything the student has learned. The student will be presented with case studies and practice problems that will test their knowledge and application of the course material.
This course addresses the following topics:
•License Renewal
•Maintenance
•Business Dealings
•Improper Practices
As the student completes this course, he or she should attempt to fit this new information into his or her larger picture of the real estate profession. The final lesson of the course will assist in this process by presenting real world practice, broad comprehension questions and case studies for the student’s consideration.
LEARNING OBJECTIVES
Upon completion of this course, the student will be able to:
•Identify the elements of license renewal procedures.
•Understand the consequences of failure to renew a license.
•Appreciate when a reinstatement may or may not be applicable.
•Utilize the regulations associated with proper business maintenance.
•Apply the various ways in which a licensee may handle an escrow account.
•Acknowledge the record-keeping process and associated compliance thereof.
•Determine licensee disclosure requirements in proper business dealings.
•Recognize the rights of the board to request records and the responsibility of a licensee’s record-keeping accuracy.
•Describe the actions that constitute improper practices including misrepresentation, incompetence, commission, and disciplinary action
Approved Course Number(s):
56057
Liens, Taxes and Foreclosures
This course 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 lien-holders collect the unpaid portion of a debt. Because liens represent an interest in real property, it is crucial that real state 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, explains the classification of liens and discusses the types of non-tax liens. We then discuss 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. We also include a discussion about the priority of liens and the methods of foreclosure, redemption, deficiency judgments, tips for homeowners facing foreclosure, and scams related to foreclosure.
Upon completion of this course, the student will:
•Be able to define the terms lien and tax lien and understand their operation.
•Recognize the different types of liens and know how their priority is established.
•Be able to identify and describe types of non-tax liens.
•Understand how ad valorem taxes and special assessments are levied.
•Know how homeowners and investors can save on federal income taxes and capital gains taxes through the use of tax shelters.
•Be able to describe and list different types of foreclosures.
•Recognize alternatives to foreclosure and common scams related to foreclosure.
Virginia Fair Housing
This module discusses the federal Fair Housing Act, as well as other anti-discrimination laws that directly affect the real estate industry and the financing of real estate. Upon completion of this course, you will understand the legislation, its purpose and importance. You will also be familiar with the penalties for violating such statutes and have a better understanding of how you can avoid unethical discrimination in your everyday conduct.
Initially, this module will introduce the federal Fair Housing Act, explaining the groups of people whom it covers and the various wrongs against which the law is meant to protect. In addition, we will discuss the meaning of discrimination and the existence of certain exemptions to the law. After detailing the Fair Housing Act, this course will move on to other relevant statutes, such as the federal Equal Credit Opportunity Act and the Americans with Disabilities Act.
This module concludes with a real estate practice lesson that will present you with various case studies. Using the information you have gained from this course, this final lesson provides you with an opportunity to decide how to handle the common predicaments that often face those providing brokerage services.
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
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
LEARNING OBJECTIVES
Upon completion of this course, the student will:
•Understand the basic concepts of real estate financing, and the key terms involved
•Know how to qualify a buyer for the most common types of loans Be familiar with the use and function of escrow accounts
•Know what a Mortgage Insurance Premium is
•Know the underwriting guidelines and process
•Be familiar with the three most common types of loans: Conventional, FHA and VA
•Know the advantages and disadvantages of conventional loans
•Know how to use conventional qualifying ratios
•Know the advantages and disadvantages of FHA loans
•Know about the differing FHA qualification ratios
•Know the advantages and disadvantages of VA loans
•Be familiar with VA eligibility and qualification periods
•Be able to calculate the amount of VA entitlement used
•Be able to calculate VA loan amounts and required down payments
•Know the process and qualifications for assuming VA and FHA loans
•Be familiar with other types of loans available
•Know how to underwrite and close loans
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Online SchoolRoom is the premier site for real estate continuing ed classes. You can learn about us or contact us if you have a problem and we have help available 24/7. We have continuing ed courses for Arizona, Arkansas, California, Colorado, Connecticut, Florida, Georgia, Indiana and Kansas. We also serve Maine, Michigan, Minnesota, Mississippi, Missouri and Montana. The list continues with Nebraska, Nevada, New York, North Carolina, Ohio, Oklahoma, Pennsylvania and Tennessee. We finish with Texas and Virginia. If you can't find what you are looking for, please use our sitemap.
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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.
VIRGINIA
REAL ESTATE
CE CLASSES
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$119.00
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$25.00
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Virginia real estate license renewal courses, Virginia real estate continuing education classes, Virginia real estate ce courses, Real estate ce courses for VI, Virginia Real estate mandatory ce courses
