Workforce Continuing Education Course Catalog

Course
Real Estate Post Licensing: Contracts and Closing (302)
Name
SEF-3001JQ2
Overall Quality of This Course
★★★★★
Based on 5 student surveys.
Available Classes
Not currently offered.
Description Course Outline Requirements Intended Audience More Details
Intended Audience
Current Provisional Brokers needing to complete their annual post licensing hours.
Description
This is one of the three 30-instructional-hour courses in the North Carolina mandatory post-licensing program. At least one course must be completed annually by NC provisional brokers within three years after initial licensure to remain eligible for active status. (Classes do not have to be taken in order.) The primary objective of the course is to provide instruction at a level beyond that provided in pre-licensing courses on topics of special importance.
Course Objectives
  1. 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
  1. Basic Selected Contract Law Concepts
    a. Basic Terms
    b. Essential Elements
    c. Impediments to Mutual Consent
    d. Other Contract Law Issues
  2. 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)
  3. Sales Contract Procedures
    a. Submitting Offers to Sellers
    b. Offer Modification and Counteroffers
  4. Closing Preparations and Procedures
    a. General Pre-Closing Procedures
    b. Buyer’s Due Diligence Process
    c. Other Pre-Closing Matters
    d. Closing Methods
  5. 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
  6. The Settlement Statement
    a. Basic Terminology
    b. Prorations
    c. Buyer’s Closing Disclosure
  7. Other Topics (Alternate Conveyance Contracts; License Status and Education Issues)
    a. Alternate Conveyance Contracts
    b. License Status and Education Issues
Contact Hours
30
CEU's
No
Industry Standard, State, or National Certification
Yes
Certification
NC Real Estate Commission
Website URL
https://www.ncrec.gov/
Certification Learning Outcomes/Requirements
  1. Meets 30 hours of Post Licensing requirements set by NC Real Estate Commission. Post licensing courses do not provide CE credit per NCREC.
CE to 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 of this Course
  1. Attendance 90% or above
  2. Participation
  3. 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
Wake Tech is officially authorized by the NC Real Estate Commission to run this approved course.
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 3 years of being initially licensed. (30 hours the first year, 30 more the 2nd, 30 more the 3rd) This course is approved by the NCREC and counts toward post license credit.
Wake County Need for Industry Positions
I have filled every class since Spring 2018 (well over 200 students) for pre-licensing courses and would estimate a great number of people have recently attained and now need post licensing training to accommodate their licensure.
Industry or Job Titles Related to training Outcomes for Employment
  • Real Estate Broker
  • Real Estate Agent
  • Real Estate Provisional Broker
Related Courses
  • Real Estate Provisional Broker - RLS-3700A2
Course Contact Information
Benjamin Wagoner
919-532-5636