Arizona Real Estate Continuing Education (CE)

Package Description:
This package contains:

* Agency Law (3 Hours)
* Deeds (3 Hours)
* Gross Living Area (3 Hours)
* Arizona Contract Law (3 Hours)
* Disclosures (3 Hours)
* Home Inspection Basic (3 hours)
* Titles and Records (3 hours)
* Commissioner's Rules (3 hours)

CATEGORY: General

Property management, a special category of real estate work, is the group of services contracted by an owner from a professional property manager or management firm. The quality of management directly affects the profitability of the property being managed. The property manager protects the owner's capital investment in a piece of real estate, and makes sure that the property generates profit. In many cases, property managers must be licensed real estate brokers.

This module covers the basic functions of the property manager, including administrative duties, leasing practices, and the manager's relations to the owner and the tenants. It explains how to construct a management agreement so that the manager and the owner understand one another's roles. Licensees will benefit from understanding the types of property management, as well as the duties that successful property managers must fulfill.

The conclusion of this module presents real world dilemmas and applications of the information presented. Comprehensive content questions, practice tests and case studies will prepare the student to use the skills of property management in practical contexts.

LEARNING OBJECTIVES

* Understand the purpose and the various kinds of property management
* Know the manager's role in relation to the owner
* Be familiar with the day-to-day tasks of the property manager
* Know effective ways to interact with tenants and potential tenants
* Recognize the types of leases and leasing procedures
* Have applied these skills in case studies drawn from real estate practice

REGULATORY REQUIREMENT

Complete 24 Hours of state approved courses every 2 years.

SEAT TIME:

This course has been approved for 3 hours of continuing education.

TESTING:

Quizzes - All quizzes must be taken to proceed forward to the next lesson.
Final Exam - You will be required to take a final exam.

COURSE COMPLETION:

Once you complete the course, you will be able to print your certificate online. Please wait at least 30 seconds until the certificate loads on your screen. Once you receive your certificate(s) you are required to provide ADRE the original or a copy of the certificate(s) with their renewal form.

CATEGORY: General

This module covers math principles that are essential for 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 here presented 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 the commodity entailed in a particular parcel of realty. While not a real estate finance course, this module will review the concepts of interest, amortization, loan discount and rate. These concepts will need to be understood fully for the licensee to grasp the essential elements used in the purchase and finance of real property. The principle of prorating will show the time line elements needed 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 needed to successfully function in the practice of real estate.

LEARNING OBJECTIVES

* Know key terms used in real estate math problems
* Understand fractions, decimals and percentages
* Have the ability to translate fractions into decimal and percentage form
* Be able to determine the area and volume of a given object or parcel
* Know the principles involved in rate calculations
* Grasp the concept of amortization
* Be familiar with the principles of prorating and how to apply them
* Understand and be able to solve for appreciation and depreciation
* Understand and be able to use the calculation formulas to determine value and profit
* Be familiar with interest rates and loan discount rates
* Be able to use equations to calculate interest costs

REGULATORY REQUIREMENT

Complete 24 Hours of state approved courses every 2 years.

SEAT TIME:

This course has been approved for 3 hours of continuing education.

TESTING:

Quizzes - All quizzes must be taken to proceed forward to the next lesson.
Final Exam - You will be required to take a final exam.

COURSE COMPLETION:

Once you complete the course, you will be able to print your certificate online. Please wait at least 30 seconds until the certificate loads on your screen. Once you receive your certificate(s) you are required to provide ADRE the original or a copy of the certificate(s) with their renewal form.

Course Category: Fair Housing Issues

(3 Hours)

As one of the most common instruments of title conveyance all real estate professionals need a clear understanding of how and when to use deeds. This course teaches you the differences between titles and deeds, types of deeds, as well as what is required and when to use them. Meets 3 hour mandatory Fair Housing requirement.

Course Category: General Real Estate

(3 Hours)

This course covers the definition of "relocation" and the development of the relocation industry. Learn how relocation affects the roles of various real estate professionals. The latter half of this course addresses how relocation affects common real estate concerns including disclosure law, agency, tax law, fair housing, and non-discrimination issues.

Course Category: Disclosures

Introduction (Approx. 1 minute)

This course provides detailed information regarding laws and regulations governing disclosure requirements for the Licensee, the Buyer, and the Seller in residential real estate transactions in the state of Arizona. It will address new disclosure laws that have come into effect recently, and legal precedent that further underscores the need for full and proper disclosure by all parties. This course will also examine some very common "real life real estate" disclosure dilemmas, and offer expert advice on how to handle them. We will also review what the Arizona Department of Real Estate requires to be disclosed by licensees and brokers, as well as some of the accepted disclosure forms provided by the Arizona Association of Realtors.

# Lesson 1 will review the Licensee's disclosure obligations to client and others, disclosure obligations to the Department of Real Estate, as well as seller's and buyer's disclosure obligations to each other.

# Lesson 2 will discuss common material facts warranting disclosure and liability for failure to disclose, as well as common "red flags" in a real estate transaction, and your obligations regarding advising buyers and sellers of these "red flags." We will also review Home Owners Association disclosures, "area" disclosures, obtaining information, and how to avoid inadvertent non-disclosures.

# Lesson 3 will review disclosure documents that should be used in residential real estate sales.

# As the student completes this course, he or she should try to develop a full understanding of what types of disclosures are required, how best to obtain accurate information, how to advise their client in matters of disclosure, and how to protect themselves from litigation by properly disclosing, educating, and advising. The student should also become very familiar with the Arizona Department of Real Estate's required licensee disclosures. Ultimately, the student will obtain additional knowledge to help them conduct their real estate business to the benefit of themselves and their clients.

SME Info (Approx. 1 minute)

Brenda Savage is a real estate broker and instructor licensed in the state of Arizona. She has been active in the real estate industry since 1988, and has been teaching since 1999. Brenda worked as a successful real estate salesperson for many years prior to becoming a managing broker. She has been involved with the Scottsdale Area Association of REALTORS© as committee vice chair and chair, with the Arizona Association of REALTORS© as a state director, and has been featured as a cover story of BROKER AGENT™ Magazine.

Key Terms and Learning Objectives (Approx. 2 minutes)

Upon completion of this module, the student will be able to:

# Disclosures required by licensees to the Department of Real Estate
# Common "red flags" that must be pointed out to clients
# How to use specific forms related to disclosures
# How to avoid inadvertent non-disclosure
# How to advise and educate clients regarding Arizona Disclosure Issues
# Recent legislation relating to required disclosures
# What choices should be made when considering disclosure and ethical issues
# Recent lawsuits which help determine what is current accepted practice
Lesson One: Basic Disclosure Obligations (Approx. 40 minutes)

This lesson focuses on the following topics:
# The Licensee's disclosure obligations to client and others, disclosure obligations to the Department of Real Estate, as well as seller's and buyer's disclosure obligations to each other

A. Introduction
B. Licensee's Disclosure Obligations to the Client and Customer

# Disclosure to the Client
# Agency Disclosure

C. Licensee's Disclosure Obligations to the Arizona Department of Real Estate
D. Seller and Buyer Disclosure Obligations to Each Other, and Licensee's Duties to All Parties
E. Disclosure Laws Limiting Disclosure Obligation
F. Summary
G. Lesson One Quiz

Lesson Two: Real Life Real Estate: Common Material Fact Requiring Disclosure, "Red Flags", and Avoiding Inadvertent Non-Disclosure (Approx. 37 minutes)

This lesson focuses on the following topics:

# Common material facts warranting disclosure
# Liability for failure to disclose
# Common "red flags" and licensee obligations regarding them
# Various required disclosures, including:
# Swimming Pool Barrier Disclosure
# Lead based paint disclosure in properties built prior to 1978
# Planned Community/Condominium information
# Affidavit of Disclosure for properties located in un-subdivided, unincorporated areas
# Public airport disclosure
# Subdivision and public report disclosures
# Fissure disclosures
# Military airport disclosures
# Third party disclosure reports

A. Introduction
B. Common Material Facts Warranting Disclosure
C. "Red Flags"
D. Other "Specialized" Disclosures
E. Summary
F. Lesson Two Quiz
Lesson Three: Disclosure Documents (Approx. 45 minutes)

This lesson focuses on the following topics:

# Disclosure documents to be used in the residential transaction

A. Introduction
B. Agency Disclosure
# Real Estate Agency Disclosure and Election
# Consent to Limited Representation ("Consent") Commonly Referred to as "Dual Agency Disclosure"
# Agency Disclosure in the AAR Residential Resale Real Estate Purchase Contract
C. Disclosures in the AAR Contract

# Other Disclosures in the AAR Residential Resale Real Estate Purchase Contract

D. Other Disclosure Documents

# Residential Seller's Property Disclosure Statement
# H.O.A. Condominium/Planned Community Addendum
# "As is" Addendum
# Disclosure of Information on Lead-Based Paint and Lead-Based Paint Hazards
# On-Site Wastewater Treatment Facility Addendum
# Domestic Well Water Addendum
# Domestic Well Water Use Addendum Seller's Property Disclosure Statement (DWWA SPDS)

E. Summary
F. Lesson Three Quiz
Final Exam (Approx. 30 minutes)

At the conclusion of the course material you will be given a 15 question final exam. You will be required to pass the final exam in order to receive credit for the course.

TOTAL ESTIMATED SEAT TIME = 156 minutes (2 hours, 36 minutes)

Course Category: Real Estate Legal Issues

(3 Hours)

The types of liens and taxes that can attach to a parcel of real estate are many. Learn about the different liens and how their priority is established as well as taxes and tax issues seen in the real estate industry. Understand the various types of foreclosures and alternatives to them. Meets 4 hour mandatory Real Estate Legal Issues requirement.

This module is designed as a 3-hour course to educate students on ethics in the real estate industry and to better understand the NAR® Code of Ethics, its enforcement procedures, and practical use of the guidelines set forth therein. The student must pass a comprehensive final exam to receive credit for the module.

Because real estate agents usually work and specialize in local communities, they tend to build rapport very quickly. To build reputable associations, agents should win the trust and respect of the people they work with by adhering to the highest morals and ethical practices, thus ensuring client loyalty. This course introduces you to some of the general ideas and theories that help apply the concept of ethical judgment. This provides a background for a detailed discussion of professional real estate ethics that is framed in terms of the NAR® Code of Ethics. In this module, we will frequently refer to the NAR® Code of Ethics as "the Code of Ethics" or simply "the Code".

As the student completes this module, he or she should try to develop a broad perspective of ethics in real estate and how this translates into the overall goal of professionalism. We will discuss the history of "the Code of Ethics," the concepts included in the articles, the structure of "the Code," the enforcement and hearing process, procuring cause, ethics and arbitration claims, mediation, arbitration, and NAR®'s "Pathway to Professionalism".

This course covers broad issues on fair housing laws. Learn what fair housing laws exist and the individuals covered by them. Understand how discrimination is defined in real estate, how to avoid discriminating practices, and the consequences for non-compliance. Meets 3 hour mandatory Fair Housing requirement.

Course Category: Real Estate Legal Issues

Approved for 4 hours CE credit.

COURSE DESCRIPTION:

This module 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.

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

LEARNING OBJECTIVES:

* Identify recent laws that have an impact on environmental issues, including lead-based paint disclosure laws
* Know the procedures used to locate toxic waste sites, the responsibilities for cleanup and steps that may be taken to minimize future liabilities
* Understand the nature of major air pollutants and the remedies that may be applied to minimize their effects
* Be able to list at least three sources of human exposure to PCBs and at least two effects of this PCB exposure on humans
* Understand landowners' responsibility for the protection of wetlands areas on their property
* Identify the issues landowners and developers face regarding endangered-species protection
* Comprehend the nature of electromagnetic forces and the possible need for testing
* Be able to describe at least two major provisions of the Small Business Liability Relief and Brownfields Revitalization Act
* Know the current status of environmental laws and their effect on property insurance and mortgage lending

TOPICS COVERED:

* INTRODUCTION
* Lesson 1: The Indoor Environment
* Lesson 2: The External Environment
* Lesson 3: Legislation
* Lesson 4: Disclosure and Site Assessment
* Lesson 5: Real-Estate Practice

REGULATORY REQUIREMENT:

Please see the state/regulatory requirement from the course catalog page.

SEAT TIME:

This course has been approved for 4 hours.

COURSE PRE-REQUISITE: N/A

TESTING:

Quizzes - All quizzes must be taken to proceed forward to the next lesson.
Final Exam - You will be required to take a final exam.

COURSE COMPLETION:

Once you complete the course, you will be able to print your certificate online. Please wait at least 30 seconds until the certificate loads on your screen. Once you receive your certificate(s) you are required to provide ADRE the original or a copy of the certificate(s) with their renewal form. If they have any problems with printing the certificate, please contact your Chicago Title Sales Representative or Debbie McCusker at: azwebmaster@ctt.com.

ABOUT THE SUBJECT MATTER EXPERT:

This course is created and brought to you by 360Training, a leading provider of accredited e-learning courses to working professionals through today's leading schools, associations and corporations. 360Training's high quality e-learning courses assist thousands of working professionals each month in a wide range of disciplines to succeed in today's marketplace, renew licenses, acquire certification or prepare for a new profession.

This course was created by the instructional design staff of 360Training in connection with field professionals that bring many years of experience in adult educational theory and distance learning technology to make the process of certification, compliance and training as convenient, engaging, and cost-effective as possible.

If you have any requests for technical or instructional support, please contact the 360Training Support Department located in the HELP section of your account profile. Technical support inquiries are handled immediately and instructional support questions are returned within 24 business hours with answers provided by a qualified professional in your field through our network of subject matter experts.

Course Category: General Real Estate

Agreement is an essential component in the legal transference of ownership. In real estate, contracts are the instruments by which agreements are reached for the conveyance of property. Whether a salesperson is promising to sell a property within a specified period of time, a prospective buyer is placing an offer on a house or a seller is considering an offer on property, some type of contract is involved. In this Contracts course, the student learns about the types of general contracts as well as the different kinds of real estate contracts.

The module begins by providing 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 course will introduce the student to two of the three factors that create a contract: offers and acceptances. When there is an offer and acceptance, the parties can either perform their respective parts of the contract or breach the contract by not fulfilling their obligations. Then we will discuss the third component of a legally binding and enforceable contract—performance. There are four basic types of contracts in real estate: sales contracts, option agreements, contract for deeds and leases; these types of contracts being those that deal in the governance of the real estate industry which, as a real estate professional, the student should be familiar with.

Upon completion of this module, the student will be able to:

* Name and explain the various components of a valid contract.
* Identify the differences between a unilateral and bilateral contract.
* Describe the various types of contracts.
* Recognize the difference between a forbearance and performance agreement.
* Outline the features of a contract (and the contracting parties) that make a contract legally binding.
* Recognize the general features of a completed contract.
* Identify when a contract can be discharged.
* Recognize the different kinds of real estate contracts.

Course Category: Real Estate Legal Issues

COURSE DESCRIPTION:

Leased property makes up a large portion of the national real estate market.

Licensees may encounter the special issues pertaining to leased property as property managers or as rental agents and brokers. The lease contract requires the participation of only a lessor and lessee in order to be valid, but property managers, rental agents, brokers and lawyers may act as representatives or consultants in the process of negotiating, signing and fulfilling the lease agreement.

This is an introduction to the financial option of leasing. The course presents the student with a comprehensive study of residential and commercial leases, describes the various types of leases and explains the characteristics of lease agreements. The process of lease origination, execution and termination are covered in depth. The course also describes leases in the context of landlord and tenant law. It explains the importance and the usage of lease agreements in drafting and executing a rental agreement.

This Leases Course utilizes interactive technology and audio in an appealing way to facilitate the learning of the leasing process.

At the conclusion of your study material, you should be able to:

* Understand the importance of the rental market within the national housing market.
* Describe what a lease is and who the signatories on a lease contract are.
* Explain the characteristics that make a lease legally enforceable.
* Identify and explain the terms and elements of a lease agreement.
* Differentiate between the different types of tenancy agreements and their respective characteristics.
* Be able to calculate lease amounts for gross, net and percentage leases.
* Understand the landlord's rights and responsibilities in a lease agreement.
* Understand the tenant's rights and responsibilities in a lease agreement.
* Comprehend the importance and validity of the Federal Fair Housing Act.
* Explain the key characteristics of the Uniform Residential Landlord Tenant Act of 1972.
* Differentiate between commercial and residential leasing.
* Understand the different types of commercial lease agreements.
* Understand the applicative nature of the Americans with Disabilities Act within commercial leasing
* Identify the various ways in which a lease agreement may be terminated
* Describe causes of termination
* Describe eviction procedures