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4.0 hours Valuation, Marketing, and Listings


Valuation, Marketing, and Listings  Course Video Image

Course Syllabus:

Hrs

Requirement

4 4.0 Elective Hours

This course provides the tools necessary to successfully market, negotiate, and close the sale of a property. Licensees will examine the components of a Competitive Market Analysis, as well as the factors that can cause the value and listing price of a property to be different. It also discusses the process of a transaction from offer to contract to closing, with special emphasis on the negotiation from initial offer to contract. In addition, we look at some of the issues that can arise between contract and closing, and what steps to take if the transaction comes apart at closing.

Instructor: Susan Davis
Coura Gaye-Sow
Author: Lynnell Morgan CRB, CDEI 12363
Mandatory Seat Timer: Yes
Format: Online
Credit Hours: 4
Required Quiz Grade: 60
Exam Required: No

Content Review:
The Table of Contents page within each course will list the lesson titles and the expected time it should take the student to complete.

Kickout Minutes:
15 minutes. We need to receive a keystroke or mouse click from you every 15 minutes in order for your elapsed time to apply to your total time. If your elapsed time is greater than 15 minutes, then your time will not be counted towards your course time.

Availability of Course:
You will have 180 days to complete the course. The State course expiration date will override the account expiration date assigned at the time of purchase. Any expired, unfinished course will be replaced with a current state approved course, and will be available to you until your account expires. The courses can be accessed from any device connected to the internet at any time.

New York Division of Licensing Services course approval number: 12363

Course Objective

Explain the process of preparing a Comparative Market Analysis (CMA)

Understand that Market Conditions Play an Important Role and Affect Supply and Demand of Real Property

Explain every component of a CMA to the client and justify numbers and data used.

Explain why the subject property list price does not match other "opinions" of value.

Describe how current market conditions will affect pricing and marketability of real estate including time the listing has been on the market.

Discuss zoning and how regulatory issues involving environmental problems or land use restrictions might affect the marketing or value of property.

Describe the attributes of good marketing material and describe any laws and regulations pertaining to marketing materials.

Describe what practices would be considered professional or appropriate in negotiations including offers and counteroffers.

Describe typical problems that may arise between contract and closing.

Identify the information that you should gather prior to completing a Listing Agreement.

A look at how to complete an Exclusive Right to Sell Agreement and an understanding of the types of listing agreements and when they are used.

Describe the relationship of an affiliated licensee with the broker in a listing agreement.

Discuss the options a listing representative has when contacted by a prospective buyer in order to avoid agency conflicts.

Explain who has the authority to sign, modify or cancel a Listing Agreement and Identify three (3) ways a Listing Agreement can be terminated.

Describe environmental factors that may require disclosure in a Listing Agreement.

Describe the major sections of the Residential Seller Property Condition Disclosure and identify potential trouble spots for sellers.

Identify the seven (7) categories forming the basis for discrimination under the Fair Housing Law and discrimination in advertising and Anti-Trust

Explain what constitutes fair housing discrimination in advertising and accurately compose two advertisements that demonstrate compliance.

Explain how real estate commissions are determined and explain the reason(s) for creating a transaction file.