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Real Estate

Students in the Real Estate program learn about basic real estate property law, property taxation, land use controls, environmental hazards, brokerage relationships and practices, and real estate contracts. Other topics include real estate financing, closing real estate transactions, and real estate valuation.

Real Estate Broker Prelicense Course

This course is required for individuals who wish to take the North Carolina real estate license examination and obtain a real estate broker license. Only institutions and instructors approved by the NC Real Estate Commission may offer this course. For more information visit ncrec.state.nc.us.

This course provides 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; it also prepares students for the NC 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, real estate transaction closings, real estate valuation, fair housing, landlord and tenant issues, property management, federal income taxation of real estate, basic house construction, and property insurance. Modern Real Estate in North Carolina, 8th Edition, ISBN # 978-1-42773-822-6 may be purchased at www.recampus.com. 80 hours. $184

42810 WF 9/10–11/14 6–10 p.m. CEC 602


Real Estate Postlicensing Courses

Postlicensing courses may be taken in any sequence.

Postlicensing Course I: Broker Relationships and Responsibilities

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: The North Carolina Real Estate Manual. Order it at http://www.ncrec.gov/Publications/Pubs. 30 hours. $129

TBA    


Postlicensing Course II: Contracts and Closings

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: The North Carolina Real Estate Manual. Order it at http://www.ncrec.gov/Publications/Pubs. 30 hours. $129

TBA    


Postlicensing Course III: Selected Topics

The primary objective of this 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: The North Carolina Real Estate Manual. Order it at http://www.ncrec.gov/Publications/Pubs. 30 hours. $129

This will be offered again in the Spring Semester (January) 2015.


Real Estate Continuing Education

Note: The North Carolina Real Estate Commission requires that class times and rules be strictly observed. Also, you must bring your pocket card with you to class.

2013-2014 Mandatory Update

This course is rewritten annually by the NC Real Estate Commission. (Because this course is self-supporting, no tuition waivers or exemptions are allowed.) 4 hours. $74

TBA    

2013-2014 Broker-In-Charge Annual Review (BICAR)

This course is rewritten annually by the NC Real Estate Commission. (Because this course is self-supporting, no tuition waivers or exemptions are allowed.) 4 hours. $74

TBA    

 

Weekend Residential Appraisal Program

Basic Appraisal Principles

This course introduces the real estate appraisal and valuation process, including 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. The required textbook, Basic Appraisal Principles by Henry S. Harrison and Burton S. Lee, ISBN # 0-927054-50-7, may be purchased at www.formsandworms.com. 33 hours. $129

42850 F
Sat
Sun
F
Sat
Sun
9/5
9/6
9/7
9/19
9/20
9/21
6–9 p.m.
8 a.m.–5 p.m.
8 a.m.–5 p.m.
6–9 p.m.
8 a.m.–5 p.m.
9 a.m.–noon
CEC 603


Basic Appraisal Procedures

Students learn how 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. The required textbook, Basic Appraisal Procedures by Henry S. Harrison and Burton S. Lee, ISBN # 0-927054-18-3, may be purchased at www.formsandworms.com. Prerequisite: Basic Appraisal Principles. 33 hours. $129

42854 F
Sat
Sun
F
Sat
Sun
10/3
10/4
10/5
10/17
10/18
10/19
6–9 p.m.
8 a.m.–5 p.m.
8 a.m.–5 p.m.
6–9 p.m.
8 a.m.–5 p.m.
9 a.m.–noon
CEC 602


Residential Market Analysis and Highest and Best Use

Students learn 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. (Because this course is self-supporting, no tuition waivers or exemptions are allowed.) The required textbook, Market Analysis & Highest and Best Use, Hondros Learning, ISBN #: 978-1-59844-089-8, may be purchased at www.hondroslearning. com. Prerequisites: Basic Appraisal Principles and Basic Appraisal Procedures. 15 hours. $124

42855 F
Sat
Sun
10/31
11/1
11/2
6–9 p.m.
8 a.m.–5 p.m.
8 a.m.–noon
CEC 603


National Uniform Standards of Professional Appraisal Practice (USPAP)

This course introduces all aspects of the appraiser’s conduct, ethics, and competency. Topics include appraisal standards, reviews, reports, and the confidentiality provisions as set forth by the Appraisal Standards Board. Upon completion, students are able to sit for the National Uniform Standards of Professional Appraisal Practice (USPAP) examination. The required textbook, 15-Hour National USPAP, and accompanying manual may be purchased at www.appraisalfoundation.org. Prerequisites: Basic Appraisal Principles and Basic Appraisal Procedures. 15 hours. $250

TBA    


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Durham, NC 27703
919-536-7200

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