Real Estate and Mortgage FAQs | Real Estate and Mortgage Courses Structure

Real Estate and Mortgage Programs

Program/Module

Hrs

Program RE11 Real Estate Transactions (required for those wishing to obtain a salesperson’s license)

45

Real Estate Transactions, instruction in real estate law
  • types of interest and ownership in real estate,
  • home ownership
  • legal descriptions
  • titles
  • liens
  • taxes
  • encumbrances
  • listing
  • advertising
  • appraisal
  • finance
  • closings
  • professional code of ethics

45

Program RE21 Program Brokerage Administration RE22, RE23, RE24 and two of the following modules: RE25 or RE26 or RE27

75

RE22 Brokerage Administration (mandatory for all broker candidates)
  • Illinois real estate law and licensure
  • listings
  • title search
  • forms for closing
  • contract forms
  • broker-salesperson relationship

15

RE23 Contracts and Conveyances (mandatory for all broker candidates)
  • deeds
  • fixtures
  • contracts
  • real estate closings
  • foreclosure and redemption
  • land use controls
  • landlord/tenant relationship
  • cooperatives and condominiums.

15

RE21 Advanced Principles 2000 (mandatory for all broker candidates)
  • agency
  • disclosure
  • environmental issues
  • escrow
  • license law
  • other topics approved by the EAC and OBRE

15

RE24 Appraisal
  • appraisal process
  • real property and value
  • economic trends
  • depreciation
  • land value.

15

RE25 Financing
  • instruction in types of financing
  • sources of financing
  • mortgages
  • mortgage documents
  • closing a mortgage
  • interest
  • liens
  • foreclosure
  • real property insurance
  • mortgage risk
  • principles of property value for mortgage credit, mortgage analysis
  • construction loans.

15

Program RE 21 Real Estate Transaction and Brokerage Administration

120

RE11Real Estate Transactions See above

45

RE31 Brokerage Administration See above

75

Program RE31 Real Estate Agent with Internet and Office Technologies

135

RE11 Real Estate Transactions(required for those wishing to obtain a salesperson’s license)
  • instruction in real estate law
  • types of interest and ownership in real estate
  • home ownership
  • legal descriptions
  • titles
  • liens
  • taxes
  • encumbrances
  • listing
  • advertising
  • appraisal
  • finance
  • closings
  • professional code of ethics

45

Module CB11 Real Estate Case Study and Intern Office Training • A-Z real case purchase
  • A-Z real case sale • Commissions and fees

40

CB21Computer and Internet Applications For Real Estate and Mortgages
  • Office 2000 products overview
  • Word 2000
  • Excel 2000
  • Power Point 2000
  • Access 2000
  • Outlook 2000
  • Using Outlook 2000 for Business Communication and organization
  • Using office 2000 products for creating sale and marketing material
  • Using Internet for Market research
  • Internet marketing and advertising
  • Internet and client education

50

Program RE32 Real Estate Broker with Internet and Office Technologies

220

RE11Real Estate Transactions See above

45

RE31 Brokerage Administration See above

75

Module CB11 Real Estate Case Study and Intern Office Training See above

40

CB21 Computer and Internet Applications For Real Estate and Mortgages  See above

50

Program LO33 Loan Officer Training with Internet and Office Technologies

140

Module LM11 Exam Preparation:
  • Mortgage Fundamentals
  • Industry Overview
  • Mortgage Products
  • The Mortgage Loan Life Cycle
  • Qualification Calculations
  • Qualification Principles
  • Legal, Regulatory, and Ethical
  • Federal Statutes and Regulations
  • Illinois Specific Statutes and Regulations
  • Ethical and fiduciary responsibilities

20

Module LM12 Loan Officer training program
  • Sales Tactics And Techniques
  • Creating And Understanding Required Legal Documents And Applications
  • Guidelines For Taking A Detailed Loan Application
  • Processing The Loan
  • Federal Regulations & Compliance
  • Conventional And Government Loan Programs

30

Module LM13 Real Estate Case Study and Intern Office Training
  • A-Z real case loan
  • A-Z real case refinance
  • Commissions and fees

40

Module CB21 Computer and Internet Applications For Real Estate and Mortgages  See above

50

Program RL34  Loan Officer Professional Training and Real Estate Transaction

135

Module LM11 Exam Preparation See above

20

Module LM12  Loan Officer training program See above

30

Module LM13 Real Estate Case Study and Intern Office Training See above

40

RE11 Real Estate Transactions  See above

45

Program RL35 Agent and Loan Professional training with Internet Technologies

225

Module LM11 Exam Preparation See above

20

Module LM12  Loan Officer training program See above

30

Module LM13 Real Estate Case Study and Intern Office Training See above

40

RE11 Real Estate Transactions  See above

45

Computer and Internet Applications For Real Estate and Mortgages See above

50

Module CB11 Real Estate Case Study and Intern Office Training See above

40

Program RL36 Real Estate Agents and Loan officers Professional Training

175

Module LM11  Exam Preparation See above

20

Module LM12  Loan Officer training program See above

30

Module LM13 Real Estate Case Study and Intern Office Training See above

40

RE11 Real Estate Transactions See above

45

AP23 Associate Appraiser Education

75

Module AP 11 Basic Appraisal training
  • The Appraiser and Public Trust
  • The Nature of Real Estate
  • Rights and Interests in Real Estate
  • Legal Description of Real Estate
  • Forms of Property Ownership
  • Controls on Ownership
  • Contracts, Leases and Deeds
  • The Nature of Value
  • Market Value
  • Influences on Real Estate Values
  • Economic Principles
  • Applied Economics in Real Estate
  • Market Fundamentals
  • Real Estate Math Basics
  • Math Applications in Real Estate
  • Measurements and Statistics
  • Introduction to Financial Calculations
  • Time Value of Money Concepts
  • Analyzing Market Areas
  • The Nature of Appraisals
  • Appraisal Principles in Practice
  • Exam Content Review

30

Module AP12 Basic Appraisal procedures
  • The Valuation Process
  • From Analysis to Solutions
  • Introduction to Income Capitalization
  • Income Capitalization Formulas
  • Income and Expense Analysis
  • Application—Problem Solving
  • Construction and Design Basics
  • Introduction to the Cost Approach
  • Components in Cost Analysis
  • Estimating Cost—Complex Residential Example
  • Commercial Costs and Depreciation Basics
  • Applied Depreciation
  • Land or Site Valuation
  • Property Description
  • Sales Comparison Approach
  • Comparable Property Selection
  • Adjustments
  • Case Study—Market Grid Application
  • Case Study---Sales Comparison (Market Grid
  • Reconciliation and Communication
  • Exam Content Review

30

Module AP13 Appraiser USPAP
  • Historical development and adoption of USPAP
  • General structure of USPAP
  • PREAMBLE, DEFINITIONS, RULES, STANDARDS, and Statements.
  • Summary discussion of all current STANDARDS and current Statements.
  • Current Advisory Opinions

15

 


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