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Real Estate

Study for your real estate exam at one of the state’s top programs. Durham Tech's Real Estate program and its individual instructors consistently rank among North Carolina's best. During the annual reporting period July 1, 2010 - June 30, 2011, 96 percent of Durham Tech's real estate students passed the state licensing exam on their first attempt. This exam is written and administered by the North Carolina Real Estate Commission.

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 is the course you need to take to enter the real estate profession. It is required for individuals who wish to take the North Carolina real estate license examination and obtain a real estate broker license. This course may only be offered by schools and instructors approved by the NC Real Estate Commission. Please visit its website at http://www.ncrec.gov/.

The primary objectives of this course are 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 to prepare 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. The NC Real Estate License Law and NC Real Estate Commission Rules and Trust Account Guidelines are also covered. Modern Real Estate in North Carolina, 8th Edition, ISBN # 978-1-42773-822-6 is the required textbook. You may purchase the book at www.recampus.com. 80 hours. $184

40928 TTh 4/22–6/26 9 a.m.–1 p.m. CEC 602

Note: Postlicensing courses can 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

42221 MW 5/12–6/9 6–10 p.m. CEC 602/603

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

42222 MW 6/23–7/16 6–10 p.m. PHIL 309

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

42223 MW 7/28–8/20 6–10 p.m. CEC 602

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.

Weekend Residential Appraisal Program
Basic Appraisal Principles

This course introduces students to the real estate appraisal and 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. Basic Appraisal Principles by Henry S. Harrison and Burton S. Lee, ISBN # 0-927054-50-7 is the required textbook. You may purchase the book at www.formsandworms.com. 33 hours. $129

Offered in Fall 2014    

Basic Appraisal Procedures

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. Basic Appraisal Procedures by Henry S. Harrison and Burton S. Lee, ISBN # 0-927054-18-3 is the required textbook. You may purchase the book at www.formsandworms.com. Prerequisite: Basic Appraisal Principles. 33 hours. $129

Offered in Fall 2014    

Residential Market Analysis and Highest and Best Use

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

Offered in Fall 2014    

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 should be able to sit for the National Uniform Standards of Professional Appraisal Practice (USPAP) examination. (Because this course is self-supporting, no tuition waivers or exemptions are allowed.) 15-Hour National USPAP. Textbook and accompanying manual required by the Appraisal Foundation are the required textbooks. You may purchase the books at www.appraisalfoundation.org. Prerequisites: Basic Appraisal Principles and Basic Appraisal Procedures. 15 hours. $245

Offered in Fall 2014    

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Durham Technical Community College
1637 East Lawson Street
Durham, NC 27703
919-536-7200

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