SEF-REX7213 - GENUP (CE)
6239698
Delivery Options
CLASS
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Course Description
This course fulfills the annual CE credit as mandated by the NCREC. The commission changes the subject matter of this course each year.
Course Outline
1. Introduction
- Section 1
- Section 2
- Section 3
2. Revised Rules
- Seller Agent/Subagent Disclosure
- First Substantial Contact
- Dual Agency
3. Practical Application of Agency Rules
- Working with the Seller
- Working with the Buyer
- Dual Agency
4. Home Inspector Licensure
- Definitions
- Duties of Home Inspectors
- Limitations on Scope of Inspections
- Items/Systems Inspection and Reporting Requirements
- Home Inspectors' Code of Ethics
5. Home Inspection Clauses in Purchase Contracts
6. Sources of Potential Problems
- Differing Standards
- Variance in Inspection Reports
- Examples
7. Revisions to "Agents' Responsibility" Section of the NC Real Estate Commission's Residential Square Footage Guidelines.
- Basic Competency Standard Expected
- Degree of Accuracy Required
- Agents' Responsibility to Personally Measure and Derive Square Footage
- Reliance on Square Footage Reported by Other Persons - General & Qualified Professionals
Learner Outcomes
Upon completion of this course, the student should have a clear understanding of the following:
- Agency disclosures and relationships in compliance with the Rules in their brokerage practice revised effective July 1, 2001.
- Rules governing home inspectors and what they are and are not required to observe and report.
- What is included and excluded in particular inspection/repair provisions of the purchase contract used by the parties in a given transaction.
- Limitations of and remedies under the applicable inspection/repair clause in a given contract.
- A real estate agent's responsibility for determining and reporting square footage under the Commission's Residential Square Footage Guidelines.
Notes
Method of Instruction - Lecture, Discussion
Class Materials provided by the Instructor
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