This course was created to provide real estate professionals with 3 credit hours towards their license renewal. There are three main areas of study in the course:
- Agency Basics
- Real Estate Purchase Contract Basics
- Code Updates and Industry Issues
Under the first topic, we're going to cover the agent fiduciary duties - including loyalty, obedience, and full disclosure - and limited agency. Limited agency can result in a tricky situation when dealing with both the buyer and the seller, so we go in depth on what exactly limited agency is, and the rules that govern this complicated form of agency.
The second topic includes the basics of the Real Estate Purchase Contract, covering a variety of topics, such as earnest money basics, seller disclosures, conditions of purchase, and notices, acceptance, and addenda. The conditions of purchase section explains each of the ways that the buyer can cancel the REPC, and what happens if they do.
The final topic explains self-reporting requirements, the new Rap Back enrollment requirement, advertising basics, and a very important current issue: wire fraud. Wire fraud has become a huge problem not only nationwide, but also here in Utah. In our section on the subject in the course, we dive into what wire fraud is, and include the Utah Department of Commerce tips on wire fraud prevention.
There is a total of three quizzes that each ask 3 questions throughout the course, as well as in-text questions at the end of each lesson. These are meant to help you understand and retain the material.
Show Course ID: 1
- Course ID(s): MR191156
- Approved By: Utah Division of Real Estate
Sheri has been an online instructor for AYPO's Real Estate education classes for over 5 years and is a licensed real estate instructor across the United States.
Growing up in a military family, Sheri became very patriotic, developed an adventurous spirit, and grew passionate about helping people.
In 2005 Sheri became a principal broker and opened Oregon Ranch & Home Real Estate in order to better serve her clients. She received the honor of being ranked #5 in Southern Oregon for dollar volume sold for 2008, during one of the most challenging years the market has seen in decades.
"Common sense, integrity, and a quick wit. These are qualities I admire".