"Wake Tech has some of the best instructors I've ever had – hands down."
Deanna Riley
Real Estate, Class of 2024
Explore all the opportunities awaiting you at Wake Tech during the college's Fall Open House, from 9 a.m. to 12 p.m. October 11 on Southern Wake Campus.
If you are interested in becoming a real estate agent, Wake Tech can prepare you for the North Carolina Real Estate Commission licensing exam. Our courses also provide realtors with Continuing Education Units.
We also offer classes on flipping houses, investing in real estate property and The Ageless Home™ – a class about building and remodeling homes with a universal design concept to meet the needs of all ages and abilities.
Build a strong knowledge base as you discover how legal concepts are put into practice every day.
Learn to identify key words and phrases and define them on the spot.
Learn worded descriptions of real property
Lesson 1 - The Law of Property
If you've ever considered becoming a real estate broker, buying or selling a home, investing in real estate, or getting into real estate law, this is the course for you! In Lesson 1, you'll learn about the key differences between real and personal property, as well as some of the unique characteristics of land. You'll also get an overview of all the varied classifications of real property-you may be surprised by all the possibilities!
Lesson 2 - All About Estates
If you own property, does that mean you can do anything you like with it? In today's lesson, you'll learn about what kinds of titles carry which kinds of rights. There's one type of title you'll want above all others, and you need to know about it long before you ever think about buying any real estate. We'll also look at what happens when two or more people own property together. This can get complicated, so we'll untangle who has the right to do what
Lesson 3 - The Importance of Property Boundaries
Most people don't know anything about property boundaries . . . until they're unpleasantly surprised by someone knocking down their back fence. In this lesson, you'll discover how to read and understand the different types of property descriptions, how to avoid disputes about them, and how to make this inside knowledge work for you
Lesson 4 - Sales and Foreclosures
In this lesson, you'll learn about the basic contract requirements involved in selling property. Don't worry, though-it's not just dry theory! I'll also introduce you to the typical people involved in a sale and walk you through the usual procedures. Then we'll dive into a topic many people regard as a potential gold mine: foreclosures. We'll straighten out some common misconceptions and see just what's involved in bidding on foreclosed property
Lesson 5 - Fixtures, Easements, Licenses, and Liens
When you sell property, what items can you take with you and what must remain? This issue involves the law of fixtures, and most buyers and sellers don't know anything about it. But you will! You'll learn how and why a seller can remove a refrigerator but not the antique doorknobs. We'll also look at the important issue of easements, which give a non-owner the right to use part of someone else's land. Both of these topics are absolutely essential for anyone considering buying or selling real estate
Lesson 6 - What You Need to Know About Contracts
In this lesson, we'll track the negotiations that go on when you buy and sell real estate. You'll learn what a contract actually does, and you'll explore two of the most common real estate contracts: the "listing agreement" and the "offer to purchase and contract of sale." Then we'll follow a sale from the posting of the For Sale sign to the offers, counteroffers, rejections, and finally to the acceptance
Lesson 7 - Landlord-Tenant Law
If you've ever been a tenant or plan to become a landlord, then you should pay particular attention to this lesson. Here we'll examine landlord-tenant law, exploring what rights and obligations each has to the other. You'll see when and how a landlord can evict a tenant and how tenants can protect themselves. And we'll walk step-by-step through the terms of a typical lease
Lesson 8 - The Ins and Outs of Deeds
Anyone who plans on owning real estate must know about deeds. A deed simply transfers ownership rights, but if you've ever tried to read one, you know just how confusing they can be. In this lesson, we'll decipher all the parts of the deed, clarifying what each clause means and how each part impacts your ownership rights. We'll also discuss ways to make sure the owner transfers all of his or her legal rights in the property to you.
Lesson 9 - Demystifying Mortgages
Mortgages can be just as confusing as deeds! So in this lesson, we'll demystify them by discussing what a mortgage is, what "prequalification" and "preapproval" are, and what lenders look for before entering into a mortgage with a borrower (especially credit issues). You'll also see what types of mortgages you can choose from and understand the good and bad points of each.
Lesson 10 - What Happens at the Closing?
Real estate closings often seem overwhelming. So many papers are flying around, and if you're the buyer, you're signing things without really knowing what they are. And then there's the whole issue of closing costs, which can add several thousand dollars to the sale. In this lesson, you'll meet the people involved in a typical closing, see what documents the closing professional needs, learn about the ones a buyer must sign, and what the costs are and where they come from. By the time you finish this lesson, you'll feel much more comfortable with this process!
Lesson 11 - Zoning and Restrictive Covenants
Who creates zoning rules and how? What can a zoning ordinance regulate? How are they enforced? If you need to get around one, can you? These are just some of the questions you'll find answers to in this lesson. We'll also take a look at an area of law most people don't know about-but it can have a huge impact on all types of property owners. That's restrictive covenants. Last, you'll learn what kind of action you can take if your neighbor becomes a big nuisance.
Lesson 12 - Real Estate Professions
In our final lesson, we'll survey the various types of professions tied to real estate. If you're interested in becoming a real estate agent, you'll learn about the process here. We'll also discuss the advantages and disadvantages of real estate investing to help you decide if this is something you'd like to do. And we'll finish up by profiling other careers, such as surveyors, real estate paralegals, appraisers, inspectors, and more
24
1
None
None
No
There are no prerequisites to take this course.
Hardware Requirements:
This course can be taken on either a PC, Mac, or Chromebook.
Software Requirements:
PC: Windows 8 or later.
Mac: macOS 10.6 or later.
Browser: The latest version of Google Chrome or Mozilla Firefox are preferred. Microsoft Edge and Safari are also compatible.
Adobe Acrobat Reader.
Software must be installed and fully operational before the course begins.
Other:
Email capabilities and access to a personal email account.
Instructional Material Requirements:
The instructional materials required for this course are included in enrollment and will be available online.
None
80% attendance
• Students must successfully pass 10 quizzes with a minimum grade of 70% by the second quiz attempt.
• If all quizzes are not passed with 70 or better by the second attempt, the final exam score must be 70% or higher on the first attempt for successful completion.
• The Final Exam must be taken by the Wake Tech course end date.
N/A
If you're interested in learning the basics of real estate law, including investing, title searching, and mortgages this course is for you!
N/A
N/A
Non-Credit Online Learning https://ceonline.waketech.edu
919-532-5847
[email protected]
To be notified when this course becomes available, please use
Wake Tech's Notify Me service.
Students will be able to define basic real estate terminology, determine if real estate investing is suited for individual student, learn to buy and profit from real estate investing.
Class 1
Introduction to Real Estate Investing
• What are the first steps to take when deciding to invest in real estate
• Are you going to be an active or passive investor
• Investing for income, capital appreciation, personal use or combination
• Is this something you will do full-time or on the sideline
• What is your time frame
• Tax benefits of Real Estate Investing
• Investing for tax considerations
• Schedule E
• De-mystifying tax questions on Real Estate Investing
Forming your Real Estate Team
Review of the steps to follow when embarking on purchasing investment property
Class 2
The most common mistakes real estate investors make and how to avoid them
• Financing or not getting financing ahead of time
• Doing everything on your own
• Overpaying
• Underestimating expenses
• Inadequate research
Building a Portfolio: How to evaluate, find and choose rental properties
• Tenant screening
• Importance of a home inspection/ negotiating on a home inspection
• Property manager pros and cons
• General good practices with tenants
• Fannie Mae Guide to Becoming a Landlord
Class 3
Building a Portfolio Part 2
• How to evaluate, find and choose rental property
• Evaluating risk and return
• Researching the market: avoiding mistakes
• Foreclosures and Short Sales: pros and cons
• Flipping properties
• What to look for before making a bid on the property. Inspections and appraisals
Financing Options for Investment Property
• Financing options for different types of properties (duplex, vacation home, etc.)
• Paying with cash vs. financing
• Equity repositioning
• What affects your interest rate and down payment terms
• Concept of leverage and what makes up the interest rate and rate of return
• De-Mystifying tax questions on Real Estate Investing
Conclusion: Making a retirement plan for your future with Real Estate Investing
12
1
None
None
No
None
Provided
None
100% attendance
N/A
Anyone interested in the field of analyzing properties and investing in real estate.
N/A
N/A
Community & Career Education Staff
919-532-5700
[email protected]
To be notified when this course becomes available, please use
Wake Tech's Notify Me service.
Learn the basic knowledge and skills necessary to act as a licensed real estate broker in a manner that protects and serves the public interest and
Prepare for the real estate license examination
Course Orientation and Overview
Basic Real Estate Concepts
Property Ownership and Interests
Property Taxation and Assessment
Transfer of Title to Real Property
Land Use Controls
Environmental Issues in Real Estate
Brokerage Relationships: Laws and Practice
Agency Contracts (Sales) and Related Practices
Basic Contract Law
Sales Contracts and Related Procedures
Real Estate Financing
Closing a Sales Transaction
Real Property Valuation
Landlord and Tenant
Property Management
Fair Housing
Federal Income Taxation of Home Ownership/Sale
Basic House Construction
Basic Real Estate Investment
Real Estate License Law and Commission Rules
Agent Safety
Real Estate Mathematics
Review
Final Exam
90
1
North Carolina Real Estate Commission
Students who successfully complete this course will qualify to apply to the NCREC to take the state exam for official licensure.
No
To help ensure student success, participants who do not have a college degree are encouraged to obtain a Silver Level Career Readiness Certificate before taking this course.
For the most up-to-date textbook and technology requirements, please click on the Details button.
None
80% attendance
Note especially the requirements for a 75% minimum passing score on the end-of-course examination
N/A
Individuals seeking Real Estate license.
N/A
N/A
Community & Career Education Staff
919-532-5700
[email protected]
If you would like to be notified when additional sections become available, please use Wake Tech's Notify Me service.
Students will learn to evaluate their homes as investments, calculate value accurately, understand how to increase value and marketability, and explore financing options.
1. Part 1: Introduction to Class
a. About the Instructor
b. About you - what are you trying to obtain from the class by week 9
c. Weekly articles - send to me in advance
d. Decide on your goals
e. How to Obtain info
f. Determining good comps
g. Start on Finance options & NC Contracts
2. Part 2: Finances
a. Review / Q&A of last weeks class / Go over articles sent over past week
b. Guest speaker if available (Lender)
c. Traditional institutional financing options
d. Private money
e. Comparing Loan options and how it affects your investment
f. Establishing returns
g. Finish NC Contract info
3. Part 3: Rentals
a. Review / Q&A of last weeks class / Go over articles sent over past week
b. Goals of your rental
c. Guest Speaker if available (Property Manager)
d. How to identify a good rental property
e. Cash flow and numbers
f. Ins and Outs of a lease
g. Tenant issues, Marketing of Rental, Misc. Issues
4. Part 4: Flips (Part 1)
a. Review / Q&A of last weeks class / Go over articles sent over past week
b. Goals of your Flip
c. Finding the Flip
d. Budget & Timelines
e. Example House Video
f. Students will create a sample repair list & budget between Parts 4 & 5
5. Part 5: Flips (Part 2)
a. Review / Q&A of last weeks class / Go over articles sent over past week
b. Guest speaker if available (General Contractor)
c. Go over in-depth budgets
d. Compare list of repairs and budgets for Example House from week 4
e. Combine student's repairs/budgets to a master list and see if home is profitable
f. Misc. Items & Tips
6. Part 6: Taxes, LLC's, Personal Residences and Foreclosures
a. Review / Q&A of last weeks class / Go over articles sent over past week
b. Guest Speaker if available (CPA for taxes)
c. How to structure investors and use of LLC's
d. Utilizing personal residences as investments, upgrades to make, etc.
7. Part 7: Overall/Recap of class, Specific examples/problems/questions
a. Review / Q&A of last weeks class / Go over articles sent over past week
b. Go over each topic covered and review
c. Extensive Q&A
21
No
None
None
No
none
Provided
None
80% attendance
N/A
N/A
N/A
SEF-3001A2
Community & Career Education Staff
919-532-5700
[email protected]
To be notified when this course becomes available, please use
Wake Tech's Notify Me service.
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.
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
30
No
NC Real Estate Commission
Meets 30 hours of Post Licensing requirements set by NC Real Estate Commission. Post licensing courses do not provide CE credit per NCREC.
No
Must already be a licensed provisional broker in the state of NC.
Most current version of "North Carolina Real Estate Manual". These manuals can be requested from the NCREC.
We are approved location to hold this training.
90% attendance
Students must pass the end of course examination with a minimum of 75% and satisfactorily complete any required activity and homework exercises.
N/A
Current Provisional Brokers needing to complete their annual post licensing hours.
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.
N/A
Real Estate Broker
Real Estate Agent
Real Estate Provisional Broker
RLS-3700A2
Community & Career Education Staff
919-532-5700
[email protected]
To be notified when this course becomes available, please use
Wake Tech's Notify Me service.
learn additional broker information level beyond that provided in Prelicensing courses on topics deemed to be of special importance to licensees.
Agency Relationships & Duties -A Practical Review
Working With Sellers (Residential Sales)
Working With Buyers (Residential Sales)
Working as a Dual Agent
Final Examination
30
1
NCREC
Meets 30 hours of Post Licensing requirements set by NC Real Estate Commission. Post licensing courses do not provide CE credit per NCREC.
No
Attendees must be in possession of a NC broker license (provisional or non-provisional)
North Carolina Real Estate Manual (most current edition) and the Commission's Residential Square Footage Guidelines booklet.
None
80% attendance
The examination minimum passing standard is 75%
N/A
Current Provisional Brokers needing to complete their post-licensing hours.
Real Estate Agents, Provisional Brokers, Real Estate Provisional Brokers
All real estate brokers in NC must complete 90 hours of post-license training within 18 months of being initially licensed. This course is approved by the NCREC and counts toward post-license credit.
Real Estate Provisional Broker
Real Estate Agent
Real Estate Broker
Community & Career Education Staff
919-532-5700
[email protected]
To be notified when this course becomes available, please use
Wake Tech's Notify Me service.
4
1
This course has been approved by the NCREC to count toward 4 credit hours of CE education.
This course meets the requirements the NCREC has set to count toward mandatory CE training for licensed agents.
No
None
If taking for credit; a photo ID and your NCREC license number must be presented at the beginning of class. All other materials will be supplied.
None
100% attendance
N/A
NC Real Estate Brokers in need of CE hours to meet the requirements set forth by the NCREC.
Real Estate Agent
Provisional Broker
Real Estate Broker
Broker in Charge
N/A
Real Estate Agent
Provisional Broker
Real Estate Broker
Broker in Charge
SEF-3001EO2
SEF-3001A2
RLS-3700A2
SEF-3001JQ2
SEF-3001NO2
Community & Career Education Staff
919-532-5700
[email protected]
To be notified when this course becomes available, please use
Wake Tech's Notify Me service.
learn how to interpret market trends and identify investment opportunities.
analyze various real estate investment strategies, including long and short-term rentals.
assess traditional and non-traditional financing options.
Understanding market trends and identifying lucrative investment opportunities.
Exploring various real estate investment strategies, including long and short-term rentals.
Leveraging financing options and maximizing returns on your investments.
Developing a passive income stream through real estate.
Building and diversifying your real estate portfolio for long-term wealth creation.
Navigating market conditions and tenant management considerations in real estate investing.
Harnessing the power of non-traditional lending and funding options for informed investment decisions.
Tax strategies, LLC considerations, and a host of other widely misunderstood topics to help you start and grow financial security.
10
No
None
None
No
None.
Textbook is provided by instructor.
None.
80% attendance
N/A
This course is intended for anyone interested in generating income through real-estate investments. No broker's license is required.
N/A
N/A
To be notified when this course becomes available, please use
Wake Tech's Notify Me service.
Identify key changes in real estate rules and laws; areas of disciplinary concern; and brokerage practices, which affect compliance with NC statutes and Commission rules.
Environmental Material Facts.
NCREC Frequently Asked Questions.
Permits.
Education Update.
Law and Rules Update.
4
1
None
None
No
Participants must be a broker or a provisional broker.
None
None
90% attendance
Provide legal name and license number.,Present broker's pocket card or photo identification card.,Perform all work required to complete the course.,Absences during the last 10% of the course are not permitted without instructor approval.
N/A
This course is intended for all provisional and non-provisional brokers who are not Brokers-in-Charge and/or do not have BIC-eligible status.
N/A
N/A
To be notified when this course becomes available, please use
Wake Tech's Notify Me service.
"Wake Tech has some of the best instructors I've ever had – hands down."
Deanna Riley
Real Estate, Class of 2024
