This package grants a real estate professional in Alabama nine hours of education on important topics and concepts. This package talks about the following topics:
- NAR Code of Ethics
- This topic examines the ethical code established by the National Association of REALTORS®
- Mathematics
- This topic discusses math, mathematical equations, and real estate calculations.
- Contracts
- This topic talks about contractual agreements and the creation and the termination of agreements.
- Real Estate Activities
- This topic addresses several concepts including property management, neutral escrows, title insurance, and cooperative market analyses.
This course is broken up by three incremental quizzes and ends with an activity.
*note, the NAR ethics is not approved as "Ethics" through AREC. It is approved as "NAR Ethics" through a local NAR board.
Course Format: Text
Credit Type: Elective
Course ID(s): 0202
Approved By: Alabama Real Estate Commission
- National Association of REALTORS Code of Ethics
- The NAR Code of Ethics [10 Activities]
- 01. Ethics: An Introduction
- 02. The NAR Code of Ethics: The Preamble
- 03. The NAR Code of Ethics: Article 1 and 2
- 04. The NAR Code of Ethics: Article 9 and 10
- 05. The NAR Code of Ethics: Article 11 and 12
- 06. The NAR Code of Ethics: Article 15
- 07. The NAR Code of Ethics: Article 16
- 08. The NAR Code of Ethics: Article 17
- 09. Enforcement of Professional Standards
- 10. Arbitration
- Incremental Quiz 1 (28 questions)
- The NAR Code of Ethics [10 Activities]
- Math & Contracts
- Mathematics for Real Estate [7 Activities]
- 01. How is Mathematics Used in Real Estate?
- 02. General Math Concepts
- 03. Calculations for Valuation
- 04. Appreciation and Depreciation
- 05. Calculations for Transactions
- 06. Lending Calculations
- 07. Lending Calculations - Part 2
- Contracts [14 Activities]
- 01. General Knowledge of Contract Law
- 02. Requirements for Validity
- 03. Assignment and Novation
- 04. When a Contract is Considered Performed or Discharged
- 05. Breach of Contract
- 06. Contract Clauses
- 07. Contract Categories
- 08. Listing Agreements
- 09. Buyer-Broker Agreements
- 10. Tenant Representation Agreements
- 11. Offers/ Purchase Agreements
- 12. Land Sale Contracts
- 13. Leases
- 14. Other Real Estate Contracts
- Incremental Quiz 2 (49 questions)
- Mathematics for Real Estate [7 Activities]
- Real Estate Concepts
- Other Professional Real Estate Activities [3 Activities]
- 01. Property Management
- 02. Disclosure of Material Facts
- 03. Investment Counseling
- Neutral Escrows and Co-Op Transactions [6 Activities]
- 01. Legal Requirements for Neutral Escrows and Co-Op Transactions
- 02. Legal Requirements for Neutral Escrows and Co-Op Transactions - Part 2
- 03. Legal Requirements for Neutral Escrows and Co-Op Transactions - Part 3
- 04. Commissions and Commission Splits
- 05. Taxes
- 06. Title Insurance
- Comparative Market Analysis [6 Activities]
- 01. Comparative Market Analysis
- 02. CMA Format and Content
- 03. Practice CMA
- 04. Assessing the Market for an Offer
- 05. Evaluating Offers
- 06. Pricing a Property
- Incremental Quiz 3 (13 questions)
- Other Professional Real Estate Activities [3 Activities]
- Activity: Real Property CMA
- Comparative Market Analysis Activity (20 questions)
- Course Completion
- Mandatory Questionnaire
- Certificate of Completion - 9 Hour Real Estate Essentials
- Certificate of Completion - NAR Ethics
- Guaranteed Next-Day Reporting
