WHY RENT WHEN YOU CAN OWN! Your decision to buy a home is both a sound financial decision and a commendable achievement. Students will be able to understand the mind-boggling financial details associated with buying a home, including understanding the various mortgages and home buying programs available. Students will also be able to eliminate the stress involved with buying their first home. (Because this course is self-supporting, no tuition waivers or exemptions are allowed.) 6 hours.

Refresh your math skills with this course specifically designed for real estate students. Topics include area computations, percentage and profit/loss, bookkeeping and accounting methods, appreciation and depreciation, financial calculations and interest yields, property valuation, insurance, taxes, and commissions. Textbook required. 30 hours.

Topics include the agent’s duties to principals and third parties, pre-listing and listing practices and procedures, preparing a Comparative Market Analysis (CMA), the Exclusive Right to Sell Listing Agreement, working with a “For Sale By Owner” (FSBO), Multiple Listing Service (MLS) rules and procedures, marketing listed property, working with buyers, and license status and education issues. Prerequisite: License issued after October 1, 2005. Proof is required at the first class meeting. Textbook required. 30 hours.

The primary objective of the course is to provide instruction at a level beyond that provided in prelicensing courses on topics deemed to be of special importance to licensees. Topics addressed in this course include selected basic contract law concepts, real estate sales contracts and addenda, and closing procedures and statements. Prerequisite: License issued after October 1, 2005. Proof is required at the first class meeting. Textbook required. 30 hours.

The primary objective of the course is to provide instruction at a level beyond that provided in prelicensing courses on topics deemed to be of special importance to licensees. Topics addressed in this course include commercial real estate brokerage, residential property management, land use controls, loan fraud, license law issues and case studies, fair housing, establishing a brokerage firm, and manufactured and modular homes. Prerequisite: License issued after October 1, 2005. Proof is required at the first class meeting. Textbook required. 30 hours.

This is the course you need to take to enter the real estate profession. It is required for persons wanting to take the North Carolina real estate license examination and obtain a real estate broker license. This course may be offered only by schools and instructors approved by the N.C. Real Estate Commission. The primary objectives of this course are (1) to provide students with the basic knowledge and skills necessary to act as a licensed real estate broker in a manner that protects and serves the public interest and (2) to prepare students for the N.C. Real Estate license examination. Major topics include basic real estate property law, property taxation, land use controls, environmental hazards, brokerage relationships and practices, real estate contracts, real estate financing, closing real estate transactions, real estate valuation, fair housing, landlord and tenant, property management, federal income taxation of real estate, basic house construction, and property insurance. The N.C. Real Estate License Law and N.C. Real Estate Commission Rules and Trust Account Guidelines are also covered. Textbook required. 80 hours.

This course is written by the N.C. Real Estate Commission. Main topic is the revised Offer to Purchase and Contract. Coverage of the new contract includes a practical exercise. Other topics are various licensing and education issues. Costs of course materials are included in the registration fee. Student must show license pocket card for class entrance. (Because this course is self-supporting, no tuition waivers or exemptions are allowed.) 4 hours.

This course is written by the N.C. Real Estate Commission for Brokers-In-Charge only. This year’s topics include background to agency principles, history of rule A.0104, mandated agency disclosures and written agency agreements under rule A.0104. (Because this course is self-supporting, no tuition waivers or exemptions are allowed.) 4 hours.

This course is designed for persons interested in joining the mortgage profession. The period of time between receiving a loan application and its submission to underwriting is commonly referred to as the “processing” time. It is imperative that loans be processed in an accurate and timely manner. This course addresses the processing of all types of loans, including Conventional, VA, and FHA. Instruction is appropriate for those interested in an entry-level position as well as those who simply want to sharpen their processing skills. Textbook required. 33 hours.

This pre-licensing course is approved by the N.C. Commissioner of Banks and includes a history of and introduction to the mortgage industry. Topics include industry partners, the loan application, mortgage loan calculations, federal laws and disclosures, N.C. state laws, and the loan cycle. Textbook included. (Because this course is self-supporting, no tuition waivers or exemptions are allowed.) This course will be modified from an eight hour course to a 24-hour course beginning late 2008.  Don’t miss your opportunity to take advantage of this opportunity before the N.C. Commissioner of Banks makes this change. 

This course introduces the student to the entire concept of real estate appraisal and the valuation process. Topics include real property concepts and characteristics, legal considerations, influences on real estate value, types of values, economic principles, overview of real estate markets, and analysis and how ethics apply in appraisal theory and practice. Textbook required. 33 hours.

This course introduces procedures used to develop an estimate of value and how the various principles of value relate to the application of such procedures. Topics include an overview of approaches to value, valuation procedures, property description, and residential applications. Textbook required. Prerequisite: Basic Appraisal Principles. 33 hours.

This course teaches students the components of a market analysis and how to test for and analyze highest and best use. Topics include market fundamentals, characteristics and definitions, supply and demand analysis, use of market analysis, test constraints and application of highest and best use, special considerations and case studies. Textbook required. Prerequisites: Basic Appraisal Principles and Basic Appraisal Procedures. 15 hours.

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