O/L Real Estate Disclosure Laws | North Carolina Approval #3468

$39.00

4 Elective Credit Hours | Online Fully Narrated Class | Instructor:  Jenny Mac Dowell
This course covers the disclosure laws real estate agents must adhere to, transactions in which they will come across these requirements and case law to illustrate real-life scenarios as well as the standards outlined by Fair Housing law.

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Description

Real Estate Disclosure and Fair Housing Laws


 

COURSE SYLLABUS

Course Description

DISCLOSURE. 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.

FAIR HOUSING. It is important to realize Fair Housing laws are very much a part of today’s real estate market. Both Federal and State governments employ “testers” to police the industry. Testing is not considered entrapment and the results are admissible in court. Fair Housing is the law of the land, and even in the face of some apparent exceptions, there is no room for discrimination of any sort in the business of housing.

After completing this course participants will be able to:

  • Recognize and implement the broad range of disclosure requirements that protect buyers and sellers.
  • Recognize and apply the standards outlined by Fair Housing law.
  • Be able to integrate the rules and regulations pertaining to Fair Housing laws in the real estate industry.

 

REAL ESTATE DISCLOSURE LAWS

SELLER’S DISCLOSURE

Lesson 1 (10 minutes)

1. Overview
2. NC Residential Property Disclosure Act
3. Defects
4. Common Defects and Examples

Lesson 2 (10 minutes)

1. Stigmatized Properties
2. Exceptions
3. Examples

Lesson 3 (10 minutes)

1. As-Is Clauses
2. Forms
3. CLUE Report

Lesson 4 (10 minutes)

1. Case Study
2. Recent Changes to Statutes and Regulations

 

AGENCY DISCLOSURE

Lesson 1 (10 minutes)

1. Agency Disclosure Overview
2. NC Working with Real Estate Agents Brochure
3. Fiduciary Duties
4. Disclosed Dual Agency

Lesson 2 (15 minutes)

1. Case Study

Lesson 3 (10 minutes)

1. Case Study

Lesson 4 (10 minutes)

1. Case Study

LEAD PAINT DISCLOSURE

Lesson 1 (15 minutes)

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 (15 minutes)

1. Overview
2. NC Mineral and Oil and Gas Rights Mandatory Disclosure Statement
3. Impact on homeowners
4. Requirements
5. Case Studies

INTEGRATED DISCLOSURE

Lesson 1 (10 minutes)

1. Overview
2. NAR Position
3. Loan Estimate
4. Closing Disclosure
5. Best Practices


 

FAIR HOUSING

Lesson 1 (15 minutes)

1. 1866 Civil Rights Act
2. 1968 Federal Fair Housing Act/North Carolina Fair Housing Act

a. Protected Classes and Prohibitions
b. Exemptions
c. History
d. Enforcement

Lesson 2 (15 minutes)

1. Complaint Process

a. Steps

2. Amendments

a. Families
b. Disabilities

Lesson 3 (15 minutes)

1. Fair Housing and Real Estate

a. Advertising
b. Customer Service
c. NAR

Lesson 4 (20 minutes)

1. Frequently Asked Questions

Final Assessment 15 minutes

 


Course instructors will be available by email or telephone between 9am and 5pm 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@onlinecit.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 and Privacy Policy).

 
279,483 Courses Taken
Explained everything so it was understandable.
Ken F.
 
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