Course Offerings

This is one of three 30-instructional-hour courses in the North Carolina mandatory post-licensing program. All real estate brokers in NC must complete 90 hours of training within 18 months of being initially licensed. (Classes do not have to be taken in order.) The objective of the course is to provide instruction on topics of special importance beyond that provided in pre-licensing courses.

Course Objectives

possess a substantial working knowledge and understanding of the topic to analyze relevant facts, principles, and procedures in a variety of situations likely to be found in real estate brokerage practice.

Outline of instruction

Basic Selected Contract Law Concepts
a. Basic Terms
b. Essential Elements
c. Impediments to Mutual Consent
d. Other Contract Law Issues

Real Estate Sales Contract Preparation
a. Introductory Concepts
b. Detailed Review and Completion of the Standard Sales Contract Forms Jointly Approved by the NC REALTORS® (NCAR) and the North Carolina Bar Association (NCBA)
c. Major Paragraphs of Standard Form 2-T
d. All Standard NCAR Residential Addenda
e. Offer to Purchase and Contract - Vacant Lot/Land (Form 12-T) and Guidelines for Completing (Form 12-G)

Sales Contract Procedures
a. Submitting Offers to Sellers
b. Offer Modification and Counteroffers

Closing Preparations and Procedures
a. General Pre-Closing Procedures
b. Buyer's Due Diligence Process
c. Other Pre-Closing Matters
d. Closing Methods

Real Estate Settlement Procedures Act (RESPA) and TILA-RESPA Integrated Disclosure Rule (TRID)
a. Applicability of RESPA
b. RESPA Requirements/Consumer Protections
c. TILA-RESPA Integrated Disclosure (TRID) Rule

The Settlement Statement
a. Basic Terminology
b. Prorations
c. Buyer's Closing Disclosure

Other Topics (Alternate Conveyance Contracts; License Status and Education Issues)
a. Alternate Conveyance Contracts
b. License Status and Education Issues

Contact Hours

30

CEUs

No

Industry Standard, State or National Certification

NC Real Estate Commission

CE or CU Articulation

No

Prerequisites

Must already be a licensed provisional broker in the state of NC.

Text and Supplies Needed

Most current version of "North Carolina Real Estate Manual". These manuals can be requested from the NCREC.

Clinical Site/Special Facilities

We are approved location to hold this training.

Requirements for Successful Completion

90% attendance"Students must pass the end of course examination with a minimum of 75% and satisfactorily complete any required activity and homework exercises. "

Accreditation/Special Approval Requirements

N/A

Intended Audience

Current Provisional Brokers needing to complete their annual post licensing hours.

Specific Industry or Business Support Needs

All real estate brokers in NC must complete 90 hours of training within 18 months of being initially licensed. This course is approved by the NCREC and counts toward post license credit.

Wake County Need for Industry Positions

N/A

Industry or Job Titles Related to training Outcomes for Employment

Real Estate Broker

Real Estate Agent

Real Estate Provisional Broker

Related Courses

RLS-3700A2

Course Contact Information

Community & Career Education Staff
919-532-5700
[email protected]