Description
PACKAGE CONTENTS:
- 3 Hour Disclosure Laws
- 3 Hour Lead Paint Awareness
Real Estate Disclosure Laws
COURSE SYLLABUS
Course Description
Real estate agents are subject to a broad range of legal and ethical requirements that are designed to protect buyers, sellers and the community at large. While disclosure laws are in place to protect the consumer, they constitute a legal framework that real estate professionals must comply with. There are a number of areas that require disclosure in real estate; seller’s property condition, agency relationships, lead-based paint presence, mineral/subsurface rights, and finally consumer financing requirements. This course covers the disclosure laws that real estate professionals must adhere to, the transactions in which they will come across these requirements, and case law to illustrate real life scenarios.
After completing this course participants will be able to:
- Recognize and implement the broad range of disclosure requirements that protect buyers and sellers.
- Be able to describe and integrate the agency relationships that are created during a real estate transaction.
- Outline the different types of agency and the standards of practice associated with each.
- Know when and under what circumstances lead-based paint disclosure must be provided.
- Have a good understanding of what mineral/subsurface rights are, and how they can impact a real estate transaction.
- Be able to share with clients the necessary requirements outlined under the integrated disclosure rule “Know Before You Owe.”
REAL ESTATE DISCLOSURE LAWS
SELLER’S DISCLOSURE
Lesson 1
1. Overview
2. Defects
3. Common Defects and Examples
Lesson 2
1. Stigmatized Properties
2. Exceptions
3. Examples
Lesson 3
1. As-Is Clauses
2. Forms
3. CLUE Report
Lesson 4
1. Case Study
2. Recent Changes to Statutes and Regulations
AGENCY DISCLOSURE
Lesson 1
1. Agency Disclosure Overview
2. Fiduciary Duties
3. Disclosed Dual Agency
Lesson 2
1. Case Study
Lesson 3
1. Case Study
Lesson 4
1. Case Study
LEAD PAINT DISCLOSURE
Lesson 1
1. Seller and agent duties
2. Pamphlets and forms
3. Checklist
4. Case Study
5. EPA and HUD Notification and Disclosure Rule FAQs
MINERAL RIGHTS DISCLOSURE
Lesson 1
1. Overview
2. Impact on homeowners
3. Requirements
4. Case Studies
INTEGRATED DISCLOSURE
Lesson 1
1. Overview
2. NAR Position
3. Loan Estimate
4. Closing Disclosure
5. Best Practices
Lead Paint Awareness
Course Description
Traditional renovation work can create significant dust-lead hazards if lead-based paint is disturbed. Contaminated dust generated by traditional renovation work can cause lead poisoning in children, pregnant women, healthy adults, and even pets. Practical changes in work practices can minimize and contain dust. The use of lead-safe work practices makes the job safer and reduces liability exposure. This course will teach you how to perform or supervise lead-safe work practices safely and effectively. This course is not a qualifier for RRP Certification. You must complete an EPA accredited course for Certified Renovator Status.
After completing this course participants will be able to:
• Understand the dangers inherent in lead paint, including the risks and difficulties involved in renovation projects that involve older structures.
• Summarize the EPA and HUD rules required of Certified Firms and Certified Renovators.
• Determine if lead-based paint affects your work, and how to educate owners and residents in target housing, or owners and adult representatives in child-occupied facilities about how the work will affect lead in their property, and how to plan the work so that it is lead safe.
• Outline the process of proper set up so that dust and debris created by the work do not contaminate the property and leave behind lead contaminated dust.
• Describe how to effectively clean up dust generated by the work performed in the home or child- occupied facility; how Certified Renovators conduct a cleaning verification; and how to dispose of renovation waste.
COURSE SYLLABUS
Chapter 1. Lead Paint Concerns
1. Lead-based Paint
A. Definition
B. Health Risks
C. Exposure Pathways
D. Clearance Standards
Chapter 2. Regulation
1. The RRP Rule
A. Firm Certification
B. Individual Certification
C. Standards
2. HUD Lead Safe Housing Rule
A. Safe Practices
B. Testing
C. Training
Chapter 3. Before Beginning Work
1. Educate Owners and Residents:
A. Renovate Right Pamphlets
B. Residential
C. Child-Occupied Facilities
D. Common Areas
2. Determining Lead Paint Presence
A. Test Kits
B. Other tests
C. Decision Logic Charts
Chapter 4. Containing Dust
1. What is Containment?
2. Interior Containment
A. Access/Signs
B. Coverings
C. Doors/Windows
D. Entry to work area
3. Exterior Containment
A. Work Area
B. Doors/Windows
Chapter 5. During the Work
1. Prohibited Practices
2. Specialized Tools
A. HEPA vacuums
3. Personal Protection Equipment
4. Controlling the Dust
A. Vacuuming the dust
B. Disposal
Chapter 6. Cleaning and Checking Your Work
1. Effective Cleanup
A. Top to Bottom
B. All Surfaces
C. Checking your work
2. Interior Requirements
A. Visual Inspection
B. Cleaning Verification
C. Dust Clearance Exam
3. Exterior Requirements
A. Sheeting
B. Disposal
Chapter 7. Recordkeeping
1. On-the-job Records
A. Documents
B. Individuals
C. Common Areas
D. Child Occupied Facilities
2. Non-Certified Worker Training
A. Documentation
3. Sample Reporting
Appendices
1. EPA’s Renovation, Repair and Painting Program Final Rule
2. U.S. Department of Housing and Urban Development (HUD) Requirements
3. Renovate Right: Important Lead Hazard Information for Families, Child Care Providers and Schools
4. Small Entity Compliance Guide to Renovate Right
5. Steps to LEAD SAFE Renovation, Repair and Painting
6. Hands-on Exercises
7. State and Local Regulations
8. Regulatory Status of Waste Generated by Contractors and Residents from Lead-based Paint Activities Conducted in Households
9. For More Information
Course instructors will be available by email or telephone between 8am and 6pm Eastern Standard Time. They will assist you with questions regarding course content.
If you have any questions, please call us at 1-800-727-7104 or send an email to info@onlinecti.com. Email responses will usually be returned promptly, but guaranteed within one business day.
Student policies and procedures are always available by going to our website and scrolling to the bottom of the page (See Attendance, Privacy and Refund Policy).
