New York Real Estate License School Online
New York Real Estate
Continuing Education Courses
Best Price on the Internet!
(Including Fair Housing)
Approved Course Number(s): M-7083 M-7079
This package includes the following courses:
- Closing & Settlement Costs (3.5 Hours)
- Fair Housing (4 Hours)
- Home Inspection (3.5 Hours)
- Liens, Taxes & Foreclosures (3.5 Hours)
- Contracts, Purchase & Sales Agreements (4 Hours)
- Environmental Hazards (4 Hours)
The New York Real Estate Commission requires salesperson licensees to complete 22.5 hours of continuing education every 2 years.
New York Real Estate CE Requirements:
To renew your license, you must complete 22.5 credit hours of continuing education every two years from the date your license was received.
The New York Department of Licensing Services requires education providers to issue course credit to students who complete the online course within the state-mandated time period. This means, to complete the course you must sit for the required number of hours; for example, to receive credit for a three-hour course, you must literally sit for three hours of instruction.
Our online package satisfies all NYREC requirements and gives you the flexibility to take your CE courses whenever and wherever it’s convenient for you. Rest assured, with online training through Real Estate Institute of America, all of your hours will count. So do them on your time, in the comfort of your own home.
Classroom Online is here to help you in your quest for a real estate license, to renew your current license, or do post-license training. We are approved by the New York Real Estate Commission for all courses. Rest assured, with online training through Classroom Online, all of your hours will count. So do them on your own time at your leisure.
Packages
PACKAGES HOURS COST
All Classes
COURSE TITLE HOURS COST
1031 Exchanges 3 Hrs $25.00
Closing & Settlement Costs (Computer Based) 3.5 Hrs $30.00
Home Inspection 3.5 Hrs $30.00
Liens, Taxes & Foreclosures 3.5 Hrs $30.00
Real Appraisal – Computer Based 3.5 Hrs $30.00
Contracts, Purchase & Sales Agreements 4 Hrs $34.00
Environmental Hazards 4 Hrs $34.00
Fair Housing 4 Hrs $34.00
Real Estate Finance 4 Hrs $34.00
Tax Favorable Real Estate Transactions 4 Hrs $34.00
NAR Code of Ethics 6 Hrs $34.00
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***Attention Students***
The New York Department of Licensing Services requires education providers to issue course credit to students who complete the online course within the state-mandated time period. This means, to complete the course you must sit for the required number of hours; for example, to receive credit for a three-hour course, you must literally sit for three hours of instruction.
Before beginning the course, please note:
1. Timing Clock: Each lesson is timed. To complete a lesson, you must sit until the clock displays 0:00. If you close the browser, log out of the course player (browser with ‘iCourse Player 2.1.8 in top left corner), or leave your computer idle for longer than 10 minutes, THE TIMER WILL RESET. If this happens, then you must return to the BEGINNING OF THE LESSON and the TIME WILL BE RESET. (Suggestion: If you log out, please do so after you complete a lesson or before you begin a lesson.)
2. Idle Timer: The course player detects activity. If you leave the course player idle for 10 minutes, then you WILL BE LOGGED OUT OF THE LESSON. If this happens, then you must return to BEGINNING OF THE LESSON and the TIME WILL BE RESET. You MUST hit the GREEN PLAY BUTTON, to prevent triggering the idle timer.
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New Agency Disclosure Requirements for New York State:
Prior to the revisions to Section 443 of the Real Property Law, only one agency relationship disclosure form was required for buyer/seller and landlord/tenant transactions. The combined form used the terms "seller/landlord" and"buyer/tenant" interchangeably. On and after January 1, 2007, the combined form will no longer be permitted and, rather, two separate disclosure forms will be required; one for seller/buyer transactions and another for landlord/tenant transactions. The two forms provide expanded, clearer definitions of the different agency relationships and explain the fiduciary duties owed by brokers and salespeople under each type of agency relationship.
The revised statute also defines dual agency. While the concept of dual agency is not new, Real Property Law, Section 443 now provides a clear definition of this type of agency relationship. A dual agent is defined by the revised statute as, "an agent who is acting as a buyer’s agent and a seller’s agent in the same transaction."
The revised statute also adds a definition for "designated sales associate." A designated sales associate is defined by the statute as: " a licensed real estate salesman or associate broker, working under the supervision of a real estate broker, who has been assigned to represent a client when a different client is also represented by such real estate broker in the same transaction." Essentially, a broker who is acting as a dual agent will be permitted to appoint two different real estate salespersons and/or associate brokers to represent each party to the transaction. The representative broker is still required to provide supervision to the designated sales associates. For this reason, and as in a pure dual agency situation, when designated sales associates are appointed, the consumers are not afforded all of the fiduciary duties inherent in a single agency arrangement. Specifically, the designated sales associate and representative broker cannot provide the fiduciary duty of undivided loyalty. The new agency disclosure form contains a disclaimer to this fact.
The link to these two disclosure forms is at www.dos.state.ny.us/lcns/realestate.html. In accordance with statute, each is required to be printed on a one page, two-sided form.
MVP EPO health insurance for NYSAR members
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Individual Classes
1031 Exchanges
The objective of this course is to enlighten the participant in the many important aspects of Internal Revenue Code Section 1031. The course will focus on the benefits of the §1031 exchange for the investor, licensed real estate agent/broker and other parties to the transaction. Participants will learn exactly what qualifies under Section 1031 and, furthermore, how to utilize the various types of §1031 exchange formats to enhance their clients' position in the investment real estate market. Real-life examples will be used to illustrate the important procedural issues as well as the IRS Rules and Regulations.
Closing & Settlement Costs (Computer Based)
Approval Number: M-8173
APPROVED FOR:
3.5 HOURS CE CREDIT
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COURSE DESCRIPTION:
This course provides an introduction to residential real estate finance, including information on how to underwrite FHA, VA, FNMA and FHLMC loans. Understanding this information will help the student assist his or her buyer- and seller-clients from the initial meeting, through the closing proceedings with basic financing and loan-qualification questions.In accordance with TREC rules Sections 535.71 and 535.72D, in this course, you will learn the basics of the different types of loans available, loan applications, appraisals, escrow, titles and credit reports, including qualifying for loan amounts and verifying income and assets. Upon completion of this module, the student will know how to calculate loan amounts, estimate monthly payments, property taxes, hazard and mortgage insurance (for conventional, FHA and VA) and qualifying ratios and income.
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Asset Management
Approved Course Number(s):M-7081
APPROVED FOR: 3 HOURS CE CREDIT
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COURSE DESCRIPTION:
This course covers broad issues and components of asset management plans. It also explains the discounted cash flow analysis. And the impact of the different assumptions on discounted cash flow analysis. It further explains the factors to consider deciding whether to buy or lease property.
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LEARNING OBJECTIVES:
- Discounted cash flow analysis
- How to compare Alternative Asset Management
- The components of Asset Management Plans
- The impact of different assumptions on discounted cash flow analysis
- The factors to consider to deciding whether to buy or lease property
- The factors in deciding whether to sell or hold a property
- The different alternatives to maximize return from distressed property
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TOPICS COVERED:
Introduction
LESSON 1: Asset Management Essentials
LESSON 2: Case Study: A Successful Renovation
LESSON 3: Asset Management Assumptions
LESSON 4: The Decision to Buy or Lease
LESSON 5: Distressed Property Decisions
LESSON 6: The Disinvestment Decision
LESSON 7: Complexities of Real Investment
LESSON 8: Real Estate Market Research
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REGULATORY REQUIREMENT:
State agents need to complete 22.5 hours of state approved elective courses every 2 years, and renew every two years from the date their license was received.
SEAT TIME:
This course has been approved for 3 hours.
COURSE PRE-REQUISITE:
N/A
TESTING:
Quizzes - All quizzes must be taken to proceed forward to the next lesson. Final Exam - You will NOT be required to take a final exam.
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COURSE COMPLETION:
After course completion, you will print and complete a course completion certificate and fax to the school. New York Department of State will be notified within one business week and a certificate mailed within 7-14 business days.
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ABOUT THE SUBJECT MATTER EXPERT:
This course is created and brought to you by 360Training, a leading provider of accredited e-learning courses to working professionals through today's leading schools, associations and corporations. 360Training's high quality e-learning courses assist thousands of working professionals each month in a wide range of disciplines to succeed in today's marketplace, renew licenses, acquire certification or prepare for a new profession.
This course was created by the instructional design staff of 360Training in connection with field professionals that bring many years of experience in adult educational theory and distance learning technology to make the process of certification, compliance and training as convenient, engaging, and cost-effective as possible.
If you have any requests for technical or instructional support, please contact the 360Training Support Department located in the HELP section of your account profile. Technical support inquiries are handled immediately and instructional support questions are returned within 24 business hours with answers provided by a qualified professional in your field through our network of subject matter experts.
Home Inspection
APPROVED FOR:
3.5 HOURS CE CREDIT
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COURSE DESCRIPTION:
This course presents an overview of the home inspection business and explains how it fits into the real estate industry as a whole. In addition, the course covers the regulatory bodies and professional organizations associated with home inspection. At the conclusion of this course, the student will understand the methods used to inspect homes, will know what to look for when examining properties, both inside and out, and will understand the various types of inspection reports and the differences between them.
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Liens, Taxes & Foreclosures
COURSE DESCRIPTION:
This course discusses liens, taxes and foreclosures. There are many types of liens as well as several kinds of taxes that can attach to a parcel of real estate. When borrowers default on a debt, foreclosure is the process by which lien-holders collect the unpaid portion of a debt. Because liens represent an interest in real property, it is crucial that real state licensees develop an in-depth understanding of liens and lien-related issues. Such knowledge also helps licensees to better advise buyers and sellers. The first lesson presents a general overview of liens, explains the classification of liens and discusses the types of non-tax liens. We then discuss taxes and tax issues, including ad valorem taxes, real estate tax computation, special assessments, real estate transfer taxes, federal income taxes, capital gains taxes, and tax shelters for homeowners and investors. We also include a discussion about the priority of liens and the methods of foreclosure, redemption, deficiency judgments, tips for homeowners facing foreclosure, and scams related to foreclosure.
Upon completion of this course, the student will:
- Be able to define the terms lien and tax lien and understand their operation.
- Be able to identify and describe types of non-tax liens.
- Recognize the different types of liens and know how their priority is established.
- Understand how ad valorem taxes and special assessments are levied.
- Be able to describe and list different types of foreclosures
- Know how homeowners and investors can save on federal income taxes and capital gains taxes through the use of tax shelters.
- Recognize alternatives to foreclosure and common scams related to foreclosure.
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Real Appraisal – Computer Based
Approval Number: M-8172
APPROVED FOR:
3.5 HOURS CE CREDIT
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COURSE DESCRIPTION:
This course provides an introduction to residential real estate finance, including information on how to underwrite FHA, VA, FNMA and FHLMC loans. Understanding this information will help the student assist his or her buyer- and seller-clients from the initial meeting, through the closing proceedings with basic financing and loan-qualification questions.In accordance with TREC rules Sections 535.71 and 535.72D, in this course, you will learn the basics of the different types of loans available, loan applications, appraisals, escrow, titles and credit reports, including qualifying for loan amounts and verifying income and assets. Upon completion of this module, the student will know how to calculate loan amounts, estimate monthly payments, property taxes, hazard and mortgage insurance (for conventional, FHA and VA) and qualifying ratios and income.
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Contracts, Purchase & Sales Agreements
NOTE: This course is approved for 2 Hours Mandatory and 2 Hours Elective Credit
Approved Course Number(s):M-7079
COURSE DESCRIPTION
Clear, mutually-acceptable agreements are an essential component of the legal transference of ownership. In the practice of real estate, contracts are the instruments used to describe and record the agreements surrounding the conveyance of property. Some type of contract is nearly always involved, whether a salesperson is promising to sell a property within a specified period of time, a prospective buyer is placing an offer on a house or a seller is considering an offer on property.
Before entering into a legally binding agreement, real estate professionals must fully understand the contracts that govern their industry. Failure to understand contracts opens a licensee to various kinds of liability and can seriously damage one’s professional reputation. Therefore, it is vital that real estate professionals learn this material so that they can protect themselves against errors, oversights and misunderstandings.
In this module you will learn about the types of general contracts as well as the different kinds of real estate contracts. The module provides the student with an overview of the various types of contracts: bilateral, unilateral, implied, express, executed, executory, valid, void, voidable and unenforceable. Once the student is introduced to the different types of contracts, he or she learns what makes a contract legally enforceable, this being the five components that make a contract valid: mutual assent, legally competent parties, consideration, lawful objective and adherence to a statute of frauds. This module includes the following lessons:
- Types of Contracts
- Features of a Legally Valid Contract
- Contract Fulfillment
- Real Estate Contracts
The fifth and concluding lesson in this module presents real-world dilemmas and concrete applications of the information presented in the rest of the course. As the student completes this module, he or she should try to develop a broad picture of environmental issues and how they fit into the larger practice of real estate; the last lesson will help with this project by presenting comprehensive content questions, practice problems and case studies.
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LEARNING OBJECTIVES
Upon completion of this module, the student will be able to:
Name and explain the various components of a valid contract.
Identify the differences between a unilateral and bilateral contract.
Describe the various types of contracts.
Recognize the difference between a forbearance and performance agreement.
Outline the features of a contract (and the contracting parties) that make a contract legally binding.
Recognize the general features of a completed contract.
Identify when a contract can be discharged.
Recognize the different kinds of real estate contract
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Environmental Hazards
This course covers major environmental hazards. Licensees need to familiarize themselves with environmental issues because they have a responsibility to disclose to buyers any information that might affect their decision to buy. Environmental hazards can dramatically affect a property’s value, so buyers, sellers, lenders and licensees all can be affected by them. This course includes the following lessons:
• The Indoor Environment
• The External Environment
• Legislation
• Disclosure and Site Assessment
• Real Estate Practice
Students will learn throughout this course to identify internal and external environmental issues. They will learn about health hazards, environmental legislation, liability and responsibility for cleanup and protection. They will also learn about actions they should take and how issues affect licensees and lending. Licensees are not expected to be environmental experts, but in this course students will acquire a competency with environmental issues which will help them to elucidate issues for buyers, sellers and lenders. Knowledge of environmental issues also will help protect them from charges of nondisclosure.
The conclusion of this course presents real world dilemmas and applications of the information presented. As the student completes this course, he or she should try to paint a big picture of environmental issues, which the course will address with comprehensive content questions, practices and case studies.
New York Real Estate License School Online - ny real estate ce classes & license renewals, ny real estate prelicense classes-approved new york real estate license courses
Support:1.877.250.4435
New York Real Estate License School Online - ny real estate ce classes & license renewals, ny real estate prelicense classes-approved new york real estate license courses
eAccessNY: a 24- hour service, which allows for the expedited processing of real estate transactions including exam registrations and license applications, changes and renewals. The system provides for:
user-friendly access with a personal ID and password
Questions or Enrollment Help
1.877.250.4435
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