This course will prepare students to take the Alabama Licensing Test for Real Estate Agents, and meets the pre-licensing education requirements. It covers all of the topics addressed on the test, and quizzes students periodically to ensure retention of information.
- This 60 hour course fulfills the pre-licensing requirements for Alabama, and prepares students for the information on the licensing test.
- Topics covered:
- Agency Relationships: this course will cover the types of agency relationships, the parties involved, and the rights and obligations of each party. Additionally, basic contract theory will be discussed, as well as specific principles of purchase, listing, and service contracts.
- Types & Rights of Ownership: the course will explain the different ways ownership can be structured, the concept of leaseholds, and different forms of business ownership. It will also cover the restrictions that can affect land use including zoning, taxation, and liens. The Americans with Disabilities Act will be covered as well.
- Finance Concepts and Methods: basic financing elements and terminology will be explained, before different types of financing are explored. Financing instruments, the lending process, and federal regulations (including TRID) will be covered.
- Real Property Measurements & Valuation: this section of the course will cover the different methods of describing and measuring land. It will also discuss valuation and the different methods used to value property. The transfer of property, including matters of title and settlement, will be covered in this section.
- Property Management Principles & Practices: this section of the course will orient students in the basics of property management, including types of agreements used, duties and obligations involved, account management, and market analysis.
- Real Estate Calculations: the final section of this course will prepare students to perform the necessary calculations involved in real estate. These include: commissions, fees, taxes, land measurement, loan-to-value ratios, discount points, net proceeds, and property valuations.
- Final Exam and periodic activities.
- This course utilizes periodic quizzes, as well as a final exam to ensure students are prepared for the licensing test.
- Familiarize yourself with industry terms and definitions with a real estate course glossary. The glossary includes hundreds of detailed definitions for common real estate terms.
- This is an ARELLO course.
- Alabama Pearson Vue Real Estate handbook
Course Format: Text
Credit Type: Salesperson
Course ID(s): 0087
Approved By: Alabama Real Estate Commission
- Real Property Characteristics, Legal Descriptions, and Property Use
- Forms of Ownership and Leaseholds [10 Activities]
- 01. Basic Real Property Law
- 02. Forms of Ownership and Types of Estates
- 03. Commercial, Industrial, and Income Property
- 04. Land Rights
- 05. Other Elements of Real Estate Law
- 06. Introduction to Leases (Video)
- 07. Leases
- 08. Common Lease Clauses
- 09. Alabama Lease and Tenant Law
- 10. Conclusion of Leases (Video)
- Real Estate Law and Investment [9 Activities]
- 01. Real Estate Law and Investments (Video)
- 02. How Home Ownership is Held
- 03. Common Interest Ownership
- 04. Common Interest Ownership: Less Common
- 05. Trusts
- 06. Other??Real Estate Investments
- 07. Real Estate Syndication
- 08. Real Estate Securities
- 09. Conclusion of Ownership and Investment (Video)
- Private Land Use and Controls [9 Activities]
- 01. Land Use: Private Controls (Video)
- 02. Encumbrances
- 03. Easements
- 04. Liens
- 05. Other Types of Encumbrances
- 06. Restrictive Covenants
- 07. Building Codes and Regulations
- 08. New Home Warranties
- 09. Conclusion (Video)
- Incremental Quiz 1 (43 questions)
- Public Land Use and Controls [17 Activities]
- 01. Public Land Use and Control??(Video)
- 02. Government Land Controls
- 03. Planning
- 04. Public Land Use Controls, continued
- 05. Alabama Regional Zoning Councils
- 06. Other Land Laws
- 07. Special Property Types
- 08. Environmental Protection Legislation
- 09. Green Building Certifications
- 10. Environmental Hazards and Regulation
- 11. Environmental Hazards and the Law
- 12. Combating Environmental Hazards
- 13. Hazardous Waste
- 14. Environmental Hazard Disposal
- 15. Environmental Hazards Common to Real Estate
- 16. Environmental Hazards and Value
- 17. Conclusion of Public Land Use Controls (Video)
- Business Ownership [9 Activities]
- 01. Business Organizations
- 02. Introduction to Errors and Omissions (Video)
- 03. Errors and Omissions
- 04. Common Types of Problems
- 05. Common Types of Problems - Part 2
- 06. Common Types of Problems - Part 3
- 07. Prevention and Mitigation (Video)
- 08. Protection
- 09. Conclusion of Errors and Omissions (Video)
- Incremental Quiz 2 (21 questions)
- Activity 1: Real Property (111 questions)
- Forms of Ownership and Leaseholds [10 Activities]
- Forms of Ownership, Transfer, and Recording of Title
- Methods of Legal Description of Land [9 Activities]
- 01. Introduction to Legal Descriptions (Video)
- 02. Legal Descriptions
- 03. Terminology
- 04. Other Legal Descriptions
- 05. Rectangular Survey System
- 06. Physical Characteristics of Land
- 07. Economic Characteristics of Land
- 08. Physical Descriptions of Property
- 09. Conclusion of Legal Descriptions (Video)
- Methods of Measurement [15 Activities]
- 01. Methods of Space Measurement
- 02. Measurement Standards
- 03. ANSI Standards
- 04. Comparative Market Analysis
- 05. Measuring Properties
- 06. Measurement Tools
- 07. Determining Square Footage
- 08. Rooms
- 09. Sketching the Property
- 10. Measurement Techniques
- 11. Complicated Structures
- 12. Complicated Structures: Square the Structure
- 13. Label, then Compute the Area of each Figure
- 14. Complicated Structures: Definitions
- 15. Conclusion
- Property Valuation [5 Activities]
- 01. Introduction to Valuation (Video)
- 02. Value
- 03. Methods of Estimating Value
- 04. Appraisal Process
- 05. Conclusion of Valuation (Video)
- Incremental Quiz 3 (22 questions)
- Appraisal [10 Activities]
- 01. Property Valuation: Appraisal (Video)
- 02. The Appraisal Process
- 03. Industry Standards
- 04. Principles of Property Valuation
- 05. Three Approaches to Value
- 06. Alabama Requirements to Become an Appraiser
- 07. Appraisal Practice
- 08. Legal and Disciplinary Action Against Appraisers
- 09. Other Methods of Valuation
- 10. Conclusion (Video)
- Comparative Market Analysis [10 Activities]
- 01. Property Valuation: Comparative Market Analysis (Video)
- 02. Property Ownership
- 03. Market Principles and Economics
- 04. Comparative Market Analysis
- 05. CMA Format and Content
- 06. Practice CMA
- 07. Assessing the Market for an Offer
- 08. Evaluating Offers
- 09. Pricing a Property
- 10. Conclusion (Video)
- Conveyance of Real Property [22 Activities]
- 01. Conveyance of Real Property (Video)
- 02. What Happens During A Property Transaction
- 03. Transfer of Title
- 04. Clouded Titles and Title Insurance
- 05. Navigating a Title Insurance Policy
- 06. A Title Insurance Example
- 07. What Makes a Deed?
- 08. Recordation
- 09. Alabama Real Estate Related Statutes
- 10. Buyer Qualification and Interest Rates
- 11. Calculations for Transactions
- 12. Loan Calculations and Costs
- 13. Amortization
- 14. Assessment and Taxation of Real Property
- 15. Tax Prorations
- 16. Other Prorations
- 17. Types of Insurance
- 18. Probate
- 19. Default of a Mortgage
- 20. Bankruptcy
- 21. Foreclosures and Short Sales
- 22. Conclusion (Video)
- Incremental Quiz 4 (61 questions)
- Activity 2: Real Property CMA (23 questions)
- Methods of Legal Description of Land [9 Activities]
- Real Estate Contracts and Agency
- Agency Basics [12 Activities]
- 01. Overview
- 02. Introduction to the Common Law of Agency (Video)
- 03. Introduction to Agency
- 04. Parties to an Agency Agreement
- 05. Creation of an Agency Relationship
- 06. Types of Authority
- 07. Types of Agency
- 08. Responsibilities of the Parties and Termination
- 09. Termination of Agency
- 10. Agency and the Law
- 11. Agency in the Real Estate Industry
- 12. Conclusion (Video)
- Legal Principles & Concepts [8 Activities]
- 01. Introduction to Contract Review (Video)
- 02. General Knowledge of Contract Law
- 03. Requirements for Validity
- 04. Assignment and Novation
- 05. When a Contract is Considered Performed or Discharged
- 06. Breach of Contract
- 07. Contract Clauses
- 08. Conclusion of Basic Contract Law (Video)
- Incremental Quiz 5 (62 questions)
- Legal Principles and Concepts - Part 2 [4 Activities]
- 01. Practicing Real Estate in Alabama (Video)
- 02. Real Estate Contracts
- 03. Common Law In Alabama
- 04. Conclusion (Video)
- Listing and Agency Agreements [23 Activities]
- 01. Listing and Agency Agreements (Video)
- 02. Agency Agreements and Overview
- 03. Listings
- 04. Professional Standards and Communication
- 05. Commission
- 06. Seller Agency
- 07. Exclusive Right To Sell Listing: Details
- 08. Exclusive Right To Sell Listing: Notices and Disclosures
- 09. Dual Agency
- 10. Subagency
- 11. Launching the Listing
- 12. Marketing the Listing
- 13. Reviewing and Evaluating Offers
- 14. Real Estate Commission
- 15. Alabama Administrative Rules
- 16. Contractual Duties
- 17. Customer Service Duties
- 18. Handling the Funds of Others
- 19. Clients Trust Account
- 20. Responsibility for Trust Monies
- 21. Use of The Trust Account
- 22. Escrow and Financial Violations
- 23. Conclusion (Video)
- Buyer Representation, Agency, and Agreements [27 Activities]
- 01. Buyer Representation, Agency, and Agreements (Video)
- 02. Buyer Representation
- 03. Sample Buyer Representation Agreement
- 04. Buyer Agency
- 05. Benefits of Buyer-Agency Relationships
- 06. Deciding to Represent the Buyer
- 07. Professionalism and Communication
- 08. Purchase Contracts: In Detail
- 09. Other Terms
- 10. Basic Information
- 11. Contingencies and Terms
- 12. Additional Provisions, Notices, and Disclaimers
- 13. Counter Offers and Negotiations
- 14. Contract Acceptance
- 15. Termination or Breach of Contract
- 16. Other Real Estate Contracts
- 17. Real Estate Safety: Showing Property
- 18. Crimes
- 19. Safety Considerations: Personal
- 20. Safety Considerations: Professional
- 21. Before the Showing
- 22. Know the Situation
- 23. Occupied Properties
- 24. Be Prepared
- 25. The Showing
- 26. After the Showing
- 27. Conclusion (Video)
- Incremental Quiz 6 (104 questions)
- Activity 3: Agency (50 questions)
- Agency Basics [12 Activities]
- Real Estate Practice
- Responsibilities of Broker [7 Activities]
- 01. Introduction to Real Estate Practice
- 02. Responsibilities of a Broker
- 03. Brokerage Agreements
- 04. Property Management Agreements
- 05. Fair Housing
- 06. Risk Management
- 07. Conclusion of Real Estate Practice
- Incremental Quiz 7 (10 questions)
- Responsibilities of Broker [7 Activities]
- Property Disclosures and Environmental Issues
- Property Disclosures and Environmental Issues [4 Activities]
- 01. Introduction to Property Disclosures and Environmental Issues
- 02. Property Conditions and Environmental Issues
- 03. Disclosure Obligations and Liability
- 04. Conclusion of Property Disclosures and Environmental Issues
- Incremental Quiz 8 (10 questions)
- Activity 4: Disclosures (20 questions)
- Property Disclosures and Environmental Issues [4 Activities]
- Finance and Settlement
- Basic Concepts & Terminology [5 Activities]
- 01. Introduction to Loans and Loan Programs (Video)
- 02. General Concepts
- 03. Loan Application Process
- 04. Types of Loans
- 05. Conclusion to Loans and Loan Programs (Video)
- Financing Programs [6 Activities]
- 01. Introduction to Sources of Financing (Video)
- 02. Sources of Financing
- 03. Down Payment Assistance Program
- 04. Financial Markets
- 05. Federal Monetary Control
- 06. Conclusion (Video)
- Methods of Financing [10 Activities]
- 01. Introduction to Real Estate Finance Basics (Video)
- 02. Government Loan Programs
- 03. Government Loan Programs - Part 2
- 04. Government Loan Programs - Part 3
- 05. Mortgages and Deeds of Trust
- 06. Other Mortgages
- 07. Sale and Leaseback
- 08. Collateral Assignments
- 09. Other Financing Documents
- 10. Conclusion of Real Estate Financing (Video)
- Financing Instruments [4 Activities]
- 01. Introduction to Financing Documents (Video)
- 02. Mortgages and Deeds of Trust
- 03. Other Financing Documents
- 04. Conclusion of Financing Documents (Video)
- Incremental Quiz 9 (43 questions)
- Lending Process [14 Activities]
- 01. The Lending Process (Video)
- 02. Government Influence in Mortgage Lending
- 03. A History of Government Influence
- 04. The Mortgage Market
- 05. Parties to the Lending Process
- 06. Sources of Real Estate Financing
- 07. Credit Scores Matter
- 08. Choosing a Mortgage
- 09. Mortgage Terms
- 10. Down Payment Size
- 11. Entering a Transaction
- 12. Property Taxation
- 13. Other Closing Documents
- 14. Conclusion (Video)
- Government Oversight [17 Activities]
- 01. Introduction to Lending Laws (Video)
- 02. Lending and Disclosures: Integrated Disclosures
- 03. Lending and Disclosures: Integrated Disclosures - Part 2
- 04. Lending and Disclosures: Integrated Disclosures - Part 3
- 05. Lending and Disclosures: Integrated Disclosures - Part 4
- 06. Lending and Disclosures: Truth in Lending Act
- 07. Lending and Disclosures: Truth in Lending Act - Part 2
- 08. Lending and Disclosures: Truth in Lending Act - Part 3
- 09. Lending and Disclosures: Truth in Lending Act - Part 4
- 10. Lending and Disclosures: The Real Estate Settlement Procedures Act
- 11. Lending and Disclosures: The Real Estate Settlement Procedures Act - Part 2
- 12. Lending and Disclosures: The Real Estate Settlement Procedures Act - Part 3
- 13. Lending and Disclosures: The Real Estate Settlement Procedures Act - Part 4
- 14. Lending and Disclosures: The Real Estate Settlement Procedures Act - Part 5
- 15. Lending and Disclosures: Equal Credit Opportunity Act
- 16. Fraud and Lending Practices
- 17. Conclusion of Lending Laws [Video]
- Foreclosure [8 Activities]
- 01. Introduction to Foreclosure (Video)
- 02. What is Foreclosure
- 03. Loan Default Where Foreclosure Begins
- 04. Judicial Foreclosure
- 05. Strict Foreclosure
- 06. Foreclosure by Power of Sale
- 07. Alternatives and Remedies for Foreclosure
- 08. Conclusion of Foreclosure (Video)
- Incremental Quiz 10 (40 questions)
- Activity 5: TRID Test (38 questions)
- Basic Concepts & Terminology [5 Activities]
- Real Estate Calculations
- Real Estate Calculations [15 Activities]
- 01. Real Estate Calculations
- 02. How is Mathematics Used in Real Estate?
- 03. General Math Concepts
- 04. Appreciation
- 05. Depreciation
- 06. Building a CMA
- 07. Lending Calculations - Part 1
- 08. Lending Calculations - Part 2
- 09. Lending Calculations - Part 3
- 10. Lending Calculations - Part 4
- 11. Lending Calculations - Part 5
- 12. Commissions and Commission Splits
- 13. Prorations and Taxes
- 14. Results of a Transaction
- 15. Property Investments and Rate of Return
- Incremental Quiz 11 (73 questions)
- Real Estate Calculations [15 Activities]
- Property Management
- Introduction to Property Management [4 Activities]
- 01. Introduction to Agency and Property Management (Video)
- 02. Relationship Between Property Owner and Property Manager
- 03. Property Manager Duties and Obligations
- 04. Conclusion of Agency and Property Management (Video)
- Landlord-Tenant Relations [11 Activities]
- 01. Landlord-Tenant Relations (Video)
- 02. Alabama Uniform Residential Landlord Tenant Act
- 03. Rental Agreement Provisions
- 04. Other Provisions
- 05. Tenants Rights and Duties
- 06. Landlords Rights and Duties
- 07. Legal Remedies
- 08. Termination of Tenancy Agreement
- 09. Landlord Causes for Termination
- 10. Termination by Tenant
- 11. Conclusion of Landlord-Tenant Relations (Video)
- Commercial Leases and Recordkeeping [8 Activities]
- 01. Commercial Leases and Recordkeeping (Video)
- 02. Commercial Leases
- 03. Common Lease Clauses
- 04. Record Keeping
- 05. Record Retention
- 06. Trust Account Records: Sample Reconciliation
- 07. Security Deposits: Sample Reconciliation
- 08. Conclusion (Video)
- Incremental Quiz 12 (28 questions)
- The Economics of Property Management [5 Activities]
- 01. Introduction to Economics of Property Management (Video)
- 02. Economics of Property Management
- 03. Expenses
- 04. Evaluating the Owner's Objectives
- 05. Conclusion of Economics of Property Management (Video)
- Real Estate Investment [9 Activities]
- 01. Introduction to Real Estate Investment (New video)
- 02. Overview of Real Estate Investment
- 03. Types of Investment Properties
- 04. Investment Timing
- 05. Developing an Investment Strategy
- 06. Disclosure Laws
- 07. Real Estate Syndication
- 08. Real Estate Securities
- 09. Conclusion of Real Estate Investment (Video)
- Tenant Acquisition & Anti-Discrimination [4 Activities]
- 01. Introduction to Anti-Discrimination Laws (Video)
- 02. Fair Housing and Anti-Discrimination Statutes
- 03. Fair Credit Reporting Act
- 04. Conclusion of Anti-Discrimination Laws (Video)
- Incremental Quiz 13 (25 questions)
- Activity 6: Property Management & Advertising (52 questions)
- Introduction to Property Management [4 Activities]
- Alabama License Law
- Alabama License Law, Part 1 [13 Activities]
- 00. Introduction (Video)
- 01. The Real Estate Commission
- 02. The Real Estate Commission
- 03. The Real Estate Commission
- 04. Licensing Requirements
- 05. Licensing Requirements
- 06. Licensing Requirements
- 07. Licensing Requirement
- 08. License Status
- 09. Broker Licenses, Company Licenses, and Place of Business
- 10. Broker Licenses, Company Licenses, and Place of Business
- 11. Recovery Fund
- 12. Conclusion (Video)
- Incremental Quiz 14 (25 questions)
- Alabama License Law, Part 2 [15 Activities]
- 00. Introduction (Video)
- 01. Disciplinary Actions and Process
- 02. Case Studies, 1-3
- 03. Case Studies, 4-6
- 04. Case Studies, 7-9
- 05. Estimated Closing Statement
- 06. Trust Funds
- 07. Who is Responsible for Holding Trust Funds
- 08. RECAD
- 09. What Necessitated RECAD to Become Law
- 10. When to RECAD
- 11. Violations Which May Result in Disciplinary Actions
- 12. Honesty and Good Faith Violations Which May Result in Disciplinary Actions
- 13. Representation Violations Which May Result in Disciplinary Actions
- 14. Conclusion (Video)
- Incremental Quiz 15 (25 questions)
- Alabama License Law, Part 1 [13 Activities]
- Final Exam
- Final Exam (80 questions)
- Student Affidavit
- Course Completion
- Mandatory Questionnaire
- Certificate of Completion
- Guaranteed Next Business Day Reporting
