Earn your Nevada Real Estate CE units Online
All licensees renewing for the first time are required by the Nevada Real Estate Division to complete 30 hours of real estate continuing education. You are then required to complete 24 hours of education every renewal cycle after the first. All renewals must include a minimum of 3 hours on the following subjects: Agency, Ethics, Contracts, and Law. The remaining balance can be on any approved general real estate continuing education subject.
Reporting Schedule – Real Estate CE
360training.com reports your course completion to Nevada Real Estate Division (NRED) within 7 business days.
Individual Courses Info Hours Price
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 protected 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 course 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
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.
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.
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
This course explores the meaning of real property ownership and the differences between real estate and personal property. Although these terms are often used interchangeably in everyday conversation, there are different rights associated with these different commodities. It is important that licensees understand the differences between them and are able to explain the distinctions to their clients and customers. This course addresses the following topics:
* Personal and Real Property Ownership
* Land Description
* Controlling Development
* Real Estate Practice Lesson
Throughout this course, the student will learn how different commodities—land, real estate, and real property – transfer and relate to one another. In addition, the student will learn about land use theory and come to understand how our federal, state, municipal and private authorities govern and plan our communities. This course covers legal descriptions as well as informal descriptions, the development of these concepts and the role they play in the real estate industry.
This course's final lesson presents real-world dilemmas and provides opportunities to apply the information covered in the rest of the course. As the student completes this course, he or she should try to develop a broad understanding of real property use and to place this understanding within the larger context of real estate practice as a whole. This final lesson aims to help the student achieve this goal using comprehensive content questions, practice examples and case studies.
ASSET MANAGEMENT
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 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 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 not only well-established properties, but distressed properties as well. We will also give instructions on how to successfully market a revenue-increasing strategy.
Upon completion of this course, the student will:
* 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.
REAL ESTATE MATH
This course covers math principles essential in the practice of real estate. Some of these topics may already be familiar to the student. The course 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. This Real Estate Math course utilizes interactive technology and audio in an appealing way to facilitate learning.
Upon completion of this course, the student will be able to:
* 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.
Nevada Education Requirements
NV State Laws
1. Proof of pre-licensing education by transcripts, certificates, or licensing history.
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a) 45 hours or 3 college credits Real Estate Principles.
b) 45 hours or 3 college credits Real Estate Law (must include 18 hours Nevada law).
2. Pre-licensing education from another state may be accepted.
Real Estate Broker/Salesperson Requirements:
1. Proof of pre-licensing education by transcripts, certificates, or licensing history. (64 college credits)
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a) 45 hours or 3 college credits Real Estate Principles
b) 45 hours or 3 college credits Real Estate Law (must include 18 hours Nevada law).
c) 45 hours or 3 college credits Real Estate Appraisal course.
d) 45 hours or 3 college credits Broker Management course.
e) 15 college credits in other real estate related courses such as business, economics, management, accounting, finance, and marketing.
f) 37 college level units from any college, military education, technical school, etc.
2. Experience may be used in place of education certificates (8 years = 64 college credits).
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a) For every 2 years of real estate licensed experience, Nevada will allow 16 college credits towards all education with the exception of 45 hours Broker Management and 18 hours Nevada real estate law.
b) Must show proof that experience was:
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1. Full time 4. A certified history of licensure.
2. The real estate license is current 5. Dates of proof must be within a 90 day period
3. Use form #509 (for salesman or broker/salesman) of application.
Real Estate Broker Requirements:
1. See 1 and 2 of brokers/salesperson.
2. Must furnish proof of 2 years of active fulltime experience within the last 4 years.
3. Submit location of records (form #512).
4. Complete confidential financial statement (form #558).
5. Furnish proof of current 90-day average balance from current banking institution.
6. Copy of filing from Secretary of State or County Clerks Office.