Developed for farm and ranch real estate professionals, this course covers essential brokerage, valuation and contract management techniques. It dives into key subjects like land and water rights, environmental considerations, zoning and financing, empowering Minnesota agents to navigate rural property sales confidently.
Upon course completion, students will:
- Recognize the unique challenges of agricultural property brokerage and how they differ from standard real estate sales
- Identify the financial and personal complexities agricultural clients face during transactions
- Analyze agricultural valuation factors like soil health, water access and crop or livestock production
- Apply methods like the Cost, Income and Sales Comparison approaches to value rural properties
- Understand the impact of environmental regulations on farm real estate value
- Create and interpret contracts focused on crop, mineral and water rights
- Explore loan programs, grants and alternative funding for farm and ranch sales
- Recognize the importance of metes and bounds in rural property descriptions and contracts
- Assess the impact of zoning regulations and infrastructure on farm and ranch sales
- Guide clients confidently through agricultural transactions while maintaining compliance with industry regulations
Course Format: Text
Credit Type: Elective
Course ID(s): 1038629
Approved By: Department of Commerce - Real Estate
- Farm Brokerage
- Introduction to Farm Bureau [9 Activities]
- 01. Hour 1 - Understanding Farm and Ranch Brokerage
- 02. Evaluating Geographic Location and Regional Climate
- 03. Balancing Environmental and Geographic Risks and Resources
- 04. Ranch Infrastructure
- 05. Farm Infrastructure
- 06. Financial Considerations
- 07. Mineral Rights
- 08. Environmental and Conservation Factors
- 09. Local Laws and Zoning Regulations
- Review Quiz #1 (10 questions)
- Farm and Ranch Valuation [6 Activities]
- 01. Hour 2 - Farm and Ranch Valuation - Introduction
- 02. Farm and Ranch Characteristics
- 03. Approaches to Valuation
- 04. Financial Analysis and Projections
- 05. Special Considerations for Agricultural/Rural Property
- 06. Communicating the Valuation
- Review Quiz #2 (10 questions)
- Farm and Ranch Contracts and Financing [13 Activities]
- 01. Hour 3 - Farm and Ranch Contracts and Financing
- 02. Zoning and Land Use Regulations
- 03. Financial and Legal Considerations
- 04. Environmental and Conservation Factors
- 05. Inspection and Appraisal Process
- 06. Contractual Special Clauses: Purchase Agreement Terms and Conditions
- 07. Traditional Lenders
- 08. Government Programs and Agencies
- 09. Private Financing Options
- 10. Cooperative Financing
- 11. Other Financing Options
- 12. Cash Deals and Large Down Payments
- 13. Financing a Farm and Ranch Property
- Review Quiz #3 (10 questions)
- Final Exam (30 questions)
- Introduction to Farm Bureau [9 Activities]
- Course Completion
- Mandatory Questionnaire
- Certificate of Completion
- Guaranteed Next Business Day Reporting
