This is the course you need to take to enter the real estate profession. It is required for individuals wanting to take the North Carolina real estate license examination and obtain a real estate broker license. This course may be offered only by schools and instructors approved by the NC Real Estate Commission. The primary objectives of this course are to provide students with the basic knowledge and skills necessary to act as a licensed real estate broker in a manner that protects and serves the public interest and to prepare students for the NC Real Estate license examination. Major topics include basic real estate property law, property taxation, land use controls, environmental hazards, brokerage relationships and practices, real estate contracts, real estate financing, closing real estate transactions, real estate valuation, fair housing, landlord and t enant, property management, federal income taxation of real estate, basic house construction, and property insurance. The NC Real Estate License Law and NC Real Estate Commission Rules and Trust Account Guidelines are also covered. Textbook required. 80 hours.

Topics include the agent’s duties to principals and third parties, pre-listing and listing practices and procedures, preparing a Comparative Market Analysis (CMA), the Exclusive Right to Sell Listing Agreement, working with a “For Sale By Owner” (FSBO), Multiple Listing Service (MLS) rules and procedures, marketing listed property, working with buyers, and license status and education issues. Prerequisite: License issued after October 1, 2005. Proof is required at the first class meeting. Textbook required. 30 hours.

The primary objective of the course is to provide instruction at a level beyond that provided in prelicensing courses on topics deemed to be of special importance to licensees. Topics addressed in this course include selected basic contract law concepts, real estate sales contracts and addenda, and closing procedures and statements. Prerequisite: License issued after October 1, 2005. Proof is required at the first class meeting. Textbook required. 30 hours.

The primary objective of the course is to provide instruction at a level beyond that provided in prelicensing courses on topics deemed to be of special importance to licensees. Topics addressed in this course include commercial real estate brokerage, residential property management, land use controls, loan fraud, license law issues and case studies, fair housing, establishing a brokerage firm, and manufactured and modular homes. Prerequisite: License issued after October 1, 2005. Proof is required at the first class meeting. Textbook required. 30 hours.

Note: The North Carolina Real Estate Commission requires that class times and rules be strictly observed. Also, you must bring your pocket card with you to class.

This course is rewritten annually by the NC Real Estate Commission. As of this printing, the new description is not yet available. (Because this course is self-supporting, no tuition waivers or exemptions are allowed.) 4 hours.

This course is rewritten annually by the NC Real Estate Commission. As of this printing, the new description is not yet available. (Because this course is self-supporting, no tuition waivers or exemptions are allowed.) 4 hours.

The real estate market has changed drastically since the financial “meltdown” began. It is no longer “business as usual” for most brokers, buyers, and sellers. In order to better assist their clients, real estate brokers need to be familiar with the forces that currently dominate the market such as foreclosures and auctions of real property. Many questions are addressed in this course such as “What exactly is a short sale?”, “What is involved in buying or selling a short sale property?”, and “How do buyers purchase lender-owned (REO) properties?”

This course introduces the student to the entire concept of real estate appraisal and the valuation process. Topics include real property concepts and characteristics, legal considerations, influences on real estate value, types of values, economic principles, overview of real estate markets and analysis, and how ethics apply in appraisal theory and practice. Textbook required. 33 hours.

This course introduces procedures used to develop an estimate of value and how the various principles of value relate to the application of such procedures. Topics include an overview of approaches to value, valuation procedures, property description, and residential applications. Textbook required. Prerequisite: Basic Appraisal Principles. 33 hours.

This course teaches students the components of a market analysis and how to test for and analyze highest and best use. Topics include market fundamentals, characteristics and definitions, supply and demand analysis, use of market analysis, test constraints and application of highest and best use, special considerations, and case studies. Textbook required. Prerequisites: Basic Appraisal Principles and Basic Appraisal Procedures. 15 hours.