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The Stanton Institute of leadership, LLC

Maggie Joy "MJ" Stanton, EdD 

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Georgia Broker PreLicense In Class course

$399.00 $450.00

The Broker Pre-License In Class course: Monday, Tuesday, Thursday and Friday 1:30-4:45p - 6 weeks - The sale price ends Friday, March 22, 2019, at 5:00 p.m. - Class will be held at Maximum One Realtor Partners - 313 Jonesboro Rd, McDonough, Georgia 30253

Once you have completed the requirements of becoming a Real Estate Salesperson you may upgrade your license to become a Broker. You may take this 60 Hour Broker course at any time after becoming a licensed salesperson, but you will not be able to sit for the State Broker's Exam or obtain your Broker's license until you have 3 active years of licensure out of the previous 5 years.

The broker's course allows you to become a managing broker, associate broker, or even be the broker of record for your own company. The course covers a wide range of topics from a refresher of the license law, land use and finance material you learned in your salesperson's course, to real estate office management and brokerage. All are designed to give you a solid base of knowledge for running your own real estate brokerage.

See syllabus below:

The Stanton Institute of Leadership (GREC School #8004)

Brokers Pre-License Day Course (GREC Course #68655)

Maximum One Realtor Partners

313 Jonesboro Road

McDonough, Georgia 30353

Date Content Outline Learning Objectives – After this segment, the student will be able to:

Monday, 04.01.2019 Contracts 1, 2, 3, 4

 Define contract

 List and explain the four requirements for a valid contract

 Describe the methods by which contracts can be discharged

 Demonstrate what constitutes breach of contract

Tuesday, 04.02.2019 Property Ownership 1, 2, 3, 4, 5,  Define two types of property

 Identify two types of property ownership

 Describe the government’s rights in real property

 Explain fixtures versus trade fixtures

 Describe how property is transferred

Thursday, 04.04.2019 Property Ownership 6, 7

Liens

Community Ownership

Property Description

 Define easement

 List and describe easement creation and termination

 Define lien, categorize types of liens and priorities

 Describe major features of community ownership

 List three legal methods descripting property

Friday 04.05.2019 Titles

Title Transfer 1, 2

Land Use  Define title

 Describe how title to property can be transferred

 Describe the purpose of land use controls

Monday, 04.08.2019 Conventional Loans 1, 2, 3,

FHA Loans

VA Loans 1, 2,

Finance Regulations

 Describe the characteristics of each loan

 Distinguish between each loan type

 Recognize the purpose of the Federal Consumer Credit Protection Act

 Recognize the purpose of the Real Estate Settlement Procedures Act (RESPA

Tuesday, 04.09.2019 Principles of Pricing

Pricing Methods

Market Analysis

Replacement Cost Pricing vs. Income approach  Distinguish between appraisal and pricing

 Explain the basic steps in the market data

 Complete a market analysis for pricing property

 Describe the basic steps in the replacement cost approach to pricing property

 Explain the basic steps in the income approach to pricing

Thursday, 04.11.2019 Agency 1, 2, 3, 4

 Define terms, characteristics and methods of agency

 Describe the characteristics, types and methods of listing agreements

 Identify types of agency relationships

Friday, 04.12.2019 Agency 5, 6

BRRETA 1, 2  Handle practical situations regarding an agent’s responsibilities

 Recognize possible outcomes of dual agency

 Describe the purpose of the BRRETA

 Explain how BRRETA regulations

Monday, 04.15.2019 Landlord and Tenant 1, 2, 3, 4, 5  Distinguish between a usufruct and a lease

 List and describe some type of rental agreements

 Describe lease assignments, subleasing, and security deposit handling requirements

 Identify the training available to property managers

 Identify the goals, characteristics and activities of property management

Tuesday, 04.16.2019 Property taxes

Federal Income Taxes

Fair Housing 1, 2, 3,  List and describe real property taxes

 List deductible income tax real property expenses

 Describe the provisions of the Civil Rights Act of 1866 and 1968, 1988

 Explain how to avoid fair housing violations in your day-to-day practice

Thursday, 04.18.2019 Antitrust 1, 2

Property Disclosure 1 2

Licensure 1, 2  Define antitrust

 Explain how state laws affect antitrust activities

 Define misrepresentation

 Describe the provisions of the Stigmatized Property Act

 Describe the makeup of the Georgia Real Estate Commission and its functions

 Identify the categories of individuals who are exempt from licensing requirements

Tuesday, 04.23.2019 Licensure 3, 4, 5  Identify the requirements for obtaining a real estate license

 Identify three methods by which licensees of other states may participate in a real estate transaction in Georgia

 Describe the requirements for inactivating and reactivating.

Thursday, 04.25.2019 MIDTERM

Midterm Review

Monday, 04.29.2019 Brokerage Office 1, 2, 3, 4, 5  Explain the provision for operating a brokerage office

 Explain the provisions for management of staff and ICs

 Distinguish between types of brokers, company size, business plans and current trends

Tuesday, 04.30.2019 Financial Management 1, 2

Human Resources Management 1, 2, 3  Distinguish between types of budgets

 Distinguish between cash and accrual accounting methods

 Distinguish between an employee and an independent contractor

 Explain development of training plans, compensation plans, and company policy and procedure plans

 Identify the activates for which the broker is responsible

Thursday, 05.02.2019 Governmental Regulations 1, 2

Trust Accounts 1, 2, 3, 4  Describe 5 local government regulations related to real property

 Explain the purpose, requirements, and violations involved in trust accounting

Friday, 05.03.2019 Advertising 1. 2

Commissions

License Law Violations

Real Estate Math 1, 2,  Identify the provisions of the Georgia license law, rules, and provisions of the Fair Housing Laws that deal with adverting

 Explain the rights to, requirements for and some facts of commissions

 Identify the penalties for violating the license law

 Distinguish between square miles, miles square, acres, feet, and miles

Monday, 05.06.2019 Real Estate Math 3, 4

TILA/RESPA INTEGRATED

DISCLOSURE OVERVIEW

Loan Estimate Overview

Revised Loan Estimate  Complete math problems relating to CAP rate, loans, cost and prices

 Describe the Consumer Financial Protection Bureau (CFPB)

 Recall the purpose of RESPA and TILA

 Differentiate between the Loan Estimate and Closing Disclosure

 Identify situations that will result in a creditor to revision a Loan Estimate and delivery requirements

Tuesday, 05.07.2019 Explaining the Loan Estimate 1, 2

Closing Disclosure Overview

Explaining the Closing Disclosure 1, 2  Explain each section of page 1, 2, and 3 of the Lan Estimate disclosure form

 Identify the delivery parameters for the Closing Disclosure

 Identify additional issues related to TRID

Thursday, 05.09.2019 Seller’s Closing Transactions

Borrower’s Closing Transactions

Integrated Disclosures Activity  Identify, demonstrate and discuss rules for prorated items

 Determine, compute, and complete some practical computations for the borrower’s side of the transaction

 Complete a Loan Estimate and Closing Disclosure based on a sample closing scenario

Friday, 05.10.2019 Residential Mortgage Fraud Act

Detection and Prevention  Explain the provisions of the Georgia Residential Mortgage Fraud Act (RMFA)

 Identify some warning signs of mortgage fraud and how to report those activities

Monday. 05.13.2019 Class review (Makeup)

Tuesday, 05.14.2019 Final

Thursday, 05.16.2019 Retake

 

 



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