16 Hour Course
Approved By: Colorado DORA - Division of Real Estate
This 16 hour course provides real estate professionals in Colorado with comprehensive training that will fulfil all of the hours of required elective education and the entirety of the 2017 Annual Commission Law Update (ACU) Course.
The 12 hours of elective content begins with a discussion of the way in which real property is described.
Then, the content will examine property titles. This will segment will look at the concept of property title, encumbrances that can be placed on real property titles, including easements, liens, and profits, title insurance, and recordation of deeds transferring property titles.
The content will then focus on taxation, the way property taxes are assessed, and the way in which property values are determined.
Form there, the course will address the types of contracts used in the real estate industry.
After that, the course will explore the manner in which real estate transactions are financed. This includes a look at sources of funds, mortgage loans, and alternate means of financing. The course will also cover the documents used to set up mortgage loans.
Next, the course will discuss sales agreements and the forms used to establish these agreements.
Then, the content of the course will talk about foreclosure of property.
In the next segment, the course will examine reporting of business finances including double entry bookkeeping.
The Annual Commission Law Update Course starts by exploring compliance with the law and then discusses general practice issues.
Then, this segment examines the changes that were made to approved contracts and forms.
To close the course, the course will explore applicable regulations.
There are two exams that are included as part of course in order to assist students with retention of the material.