2009-2010 Real Estate Update Course The areas of Agency Disclosure Requirements, Selected Property Management Issues, Due Diligence in Residential Transactions, Licensing and Education Issues and Summary of NCAR Residential Form Changes are covered. 2009-2010 Broker-in-Charge Annual Review (BICAR) The areas of Dual and Designated Agency, Compensation, and Broker-in-Charge Requirements are covered. What's Going On With Home Inspections Review of the most common Home Inspection Issues such as Radon, Polybutylene Plumbing, Aluminum Wiring, GFCI Requirements, Synthetic Stucco, Mold, Private Wells, Septic Systems, Wood Destroying Insects, and Heat Exchangers. How Credit Works Discover how the credit system works and learn the many different ways to demonstrate credit-worthiness. Find out the 6% of a credit file that REALLY counts. The 5 components of a credit score and the 46 actions that can boost a person’s credit score are also covered. The workbook includes a summary of all the credit laws, detailed instructions on how to repair damaged credit and identity theft, and provides 7 sample credit dispute letters. Mortgage Mechanics Gain a working knowledge of the mortgage process and its unique terms. Explore zero-down loan programs, FHA, renovation and construction loans. Discover how to buy a home before the current one is sold. Learn how to ‘look under the hood’ of an ARM. Understand PMI and APR. Know how to properly evaluate income amount and sources and be able to quickly calculate the cash to close. Thriving in a Full-Doc World With the changes occurring in underwriting guidelines and the elimination of ‘no doc’ and ‘sub-prime’ loans, it has become more and more challenging for buyers to get the home of their dreams. This class will show you methods to help them buy that dream home now, rather than waiting, by changing how they finance the home or by rearranging their affairs so that they qualify with their current economic status. Understanding the IRC 1031 Exchange An Internal Revenue Code (IRC) 1031 Tax-Deferred Exhange represents a legal, strategic method of acquiring or selling "Like-Kind" or qualified properties in order to defer capital gains tax. This course covers what is a Tax-Deferred Exchange, the requirements, Benefits for the Real Estate Professional, Types of Exchanges, and Preparing the Contracts. Wealth Building Strategies (Coming Soon) Explore the best ways to structure real estate transactions in order to minimize risk while simultaneously enhancing future wealth accumulation. Learn how to analyze investment properties and whether trading-up every 5 years is the best way to build net worth. Discover how buyers could be making a $239,000 mistake when they put an extra $100,000 down on a home. Hidden pitfalls and windfalls in the housing tax code are also covered, with focus on the many facets of the infamous ‘Two Year Rule’.
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