March 8, 2014

Broker Post-Licensing

Broker Post-Licensing Course

   

          Once licensed, a Provisional Broker must complete a Post-Licensing Education Program in order to terminate the “Provisional” status of their license and to avoid license inactivation and possible eventual cancellation. You will need to take at least one 30-hour Broker Post-Licensing course by the anniversary date of your license each year for the first three years of licensure. You may take all 90 hours during your first year of licensure, you can take them in any order, but you must take all three courses without duplicating and you cannot take multiple courses at the same time.

 

 

After completing all of the three 30-hour Broker Post-Licensing courses, your “provisional” status is removed and you are a “Broker”.

 

 

​BROKER RELATIONSHIPS AND RESPONSIBILITIES

Topics covered in this course include:

  • Agency Relationships and Duties – A Practical Review
  • Working with Sellers (Residential Sales)
  • Working with Buyers (Residential Sales)
  • Compensation & other issues when agents leave/change firm
  • License status & education issues

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CONTRACTS AND CLOSING

 

Topics covered in this course include:

  • Real Estate Sales Contracts
  • Closing Procedures and statements
  • Agent’s Post-Closing Duties and Termination of Agency Relationship
  • License status & education issues

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SELECTED TOPICS

Topics covered in this course include:

  • Introduction to Commercial Real Estate Brokerage
  • Residential Property Management Basics
  • Land Use Controls and the Real Estate Agent
  • Loan Fraud
  • License Law Case Studies
  • Miscellaneous License Law Issues
  • Fair Housing Do’s and Don’ts
  • Legal Requirements for Establishing a Brokerage Firm
  • Manufactured and Modular Home
  • Handling Sales of Foreclosed Property (FHA, VA, & Others)

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To pass the class, you must attend at least 80% of the class, which means that you cannot miss more than 6 hours of the class. You also must pass the class test that is administered on the last day of class by scoring at least a 75%. At the Triangle Institute of Real Estate, we grade your test upon completion so that you know your score immediately. When you pass, you will walk out with your Certificate of Completion in-hand. We report the completion to the NCREC and you keep the certificate for your records. If a Provisional Broker fails to complete a Broker Post-Licensing course by the end of either the first or second year after initial licensure, his or her license will be placed on inactive status until he or she remedies the education deficiency and requests reactivation of his or her license.

 

If a Provisional Broker fails to complete all three post-licensing courses by the end of the third year after initial licensure, his or her license will be cancelled.

 

Textbooks are NOT included in the tuition for the Broker Post-Licensing courses. Students will be required to purchase the North Carolina Real Estate Manual at a cost of $55. This text is used for all three Broker Post-Licensing courses. Textbooks may be purchased from the registrar at Triangle Institute of Real Estate.

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