ADVANCED REALTY EDUCATION
If you think education is expensive, Check out the cost of ignorance!
If you think education is expensive, Check out the cost of ignorance!
CERTIFIED BY THE ARIZONA DEPARTMENT OF
REAL ESTATE
Below is the basic information that is required by the Arizona Department of Real Estate (ADRE) for a course to certify to fulfill the requirements for education/license renewal.
| AGENCY | The majority of class material must concern both: Agency relationships Agency Disclosure. |
| COMMISSIONER'S STANDARDS |
The majority of class material must concern the contact formation & implementation, or the results of contract use, including: Article 26 of the Arizona Constitution. A.R.S. Title 32, Chapter 20, and A.A.C. Title 4, Chapter 28, which includes trust accounts, record keeping, license requirements, exemptions to licensure, commission payments, recovery fund provisions, development requirements, processes for public reports for and sale of subdivided and un-subdivided land, membership campgrounds and timeshares, cemetery regulations, and grounds for disciplinary action and hearings. A.R.S. Title 44 Chapter 10, Article 3.1 Trade Name and Business Practices. |
| CONTRACT LAW |
The majority of class material must concern the contract formation &implementation, or the results of contract use, including: Various contract forms &clauses, fundamentals, updates, options, offers, counter offers, first right of refusal, and exchanges. Contract writing. Required disclosures, problem-solving, and law and rule requirements. Recent court decisions and case law studies. Breach of contract issues. Legal, ethical and agency considerations, procedures, and disclosures. Accommodating current financing procedures, requirements, and options. |
| DISCLOSURE | The majority of class material must concern the following: Licensee’s disclosure obligations to client and others.Seller‟s and buyer‟s disclosure obligations to each other. Common material facts warranting disclosure, and liability for failure to disclose. Avoiding inadvertent non-disclosures. Transaction documents that should be reviewed. Common “red flags” in a real estate transaction. Homeowner Assoc & buyers obligations to homeowner associations and advising buyers and sellers of common “red flags.” |
| FAIR HOUSING |
The majority of class material must concern equal opportunities in housing, including: Americans with Disabilities Act, ADA architectural designs (construction and development) and pertinent court cases. Arizona and federal fair housing laws, including advertising, marketing, information, and enforcement. Housing developments. Deed restrictions. Affordable housing. Elder housing. Zoning, local ordinances, and disclosures. Commercial and residential concerns. Administrative procedures and business practices. |
| REAL ESTATE LEGAL ISSUES |
The majority of class material must concern existing real estate law, including: Sources of real estate law (constitutions, statutes, zoning, common), and the legal system. Land and its elements (air, mineral rights, real and personal property). Land, title, and interests in land, homestead, encumbrances, and the Landlord and Tenant Act. Easements, fixtures, land descriptions, ownership, deeds, and building restrictions. Escrow procedures, financing documents, and lending laws and regulations, including Regulation Z. Wills and estates, taxes, bankruptcy law, securities laws, title insurance, and appraisal law. Case law studies, real estate fraud, disclosure law, interstate and international real estate. Commission issues and forms of business ownership Homeowners Association regulations. Real Estate Settlement Procedures Act (RESPA). Environmental issues. |
| GENERAL | The majority of class material must concern real estate, and does not fall within any other credit category, including: Appraisal methodology General finance, use of financial calculators, mathematics, and managing cash flow History of development in metropolitan areas. Introduction to property management |
