virginia Real Estate Continuing Education (CE)

Earn your virginia Real Estate CE units Online

24 Hour Virginia Real Estate Continuing Education Package

All active brokers are required to complete 24 clock hours of Virginia Real Estate Board approved real estate continuing education courses.

Course Description – 24 Hour Real Estate CE

This course package includes the mandatory 8 hour Virginia Broker Management course, 3 hours of Real Estate Ethics and NAR Code of Ethics and the remaining 5 hours of Virginia Rules and Regulations, Virginia Agency Relationships, and Contracts, Purchases and Sales Agreement; and 8 hours of general elective courses as are approved by the Virginia Real Estate Board.

This course package includes all necessary courses to satisfy your Virginia Real Estate Broker CE requirements. This is a state-approved online 24 hour course of continuing education that is required every 2 years.

16 Hour Virginia Real Estate Continuing Education Package

If you are an active salesperson are required to complete 16 clock hours of Virginia Real Estate Borad approved real estate continuing education courses.

Course Description – 16 Hour Real Estate Continuing Education

This course package includes 8 hours of mandatory topics and 8 hours of elective subjects.

This course package includes all necessary courses to satisfy your Virginia Real Estate Salesperson CE requirements. This is a state-approved online 16 hour course of continuing education that is required every 2 years.

Packages Info Hours Price

16 Hour Virginia Salesperson CE Renewal Package More Less 16.0 $89.00


This package will include the following courses:

Real Estate Ethics and NAR Code of Ethics
Virginia Fair Housing
Virginia Rules and Regulations
Virginia Agency Relationships
Contracts, Purchases and Sales Agreement
Limited Service Agency

24 Hour Virginia Broker CE Renewal Package More Less 24.0 $119.00


This package will include the following courses:

Virginia Broker Management
Real Estate Ethics and NAR Code of Ethics
Virginia Fair Housing
Virginia Rules and Regulations
Virginia Agency Relationships
Contracts, Purchases and Sales Agreement
Limited Service Agency



Individual Courses Info Hours Price

Virginia Agency Relationships More Less 1.0 $10.00


The undertaking of real estate transactions is a complex endeavor. Expertise is needed by buyers and sellers of real property in order to assure that profits are maximized while losses are minimized, both of these ends being realized in legal and ethical ways. To gain this expertise, it is common, if not necessary, for buyers and sellers to enter into relationships with those who have expertise in real property issues—namely, you.

A variety of relationships exist in real estate transactions and they are designed to serve the different means and degrees to which buyers and sellers are represented. These distinct relationship categories are borne of agency law.

Virginia Rules and Regulations More Less 2.0 $20.00


This course covers a broad range of issues related to Virginia real estate rules and regulations to help students complete required continuing education course work.

Our introductory lesson will discuss details of license renewal in Virginia. Going full circle, we'll look at renewal from the perspective of an active broker or salesperson, an inactive broker or salesperson, and the board. We'll also be looking at what to do when reinstatement is required and what could trigger disciplinary action.

Moving on to our second lesson, we will look at various areas of maintenance as it relates to the Virginia real estate industry. As with most businesses, keeping up with records and files is essential to the success of a real estate firm or proprietorship. We'll be looking at maintaining proper care of licenses, offices, escrow accounts, and financial records.

The business dealings of licensees are regulated in an effort to ensure that all parties to transactions in real estate, both you and your clients, are protected and held responsible for being professional. The third lesson looks at the ways in which we should handle our business dealings.

The bulk of this course will instruct the student on how to deal with a mélange of real estate practices in Virginia. In the fourth lesson, students are going to learn about what NOT to do. We will investigate what constitutes improper practices and legal violations.

And the final lesson will try to tie together everything the student has learned. The student will be presented with case studies and practice problems that will test their knowledge and application of the course material.

This course addresses the following topics:

License Renewal
Maintenance
Business Dealings
Improper Practices

As the student completes this course, he or she should attempt to fit this new information into his or her larger picture of the real estate profession. The final lesson of the course will assist in this process by presenting real world practice, broad comprehension questions and case studies for the student's consideration.

LEARNING OBJECTIVES

Upon completion of this course, the student will be able to:

Identify the elements of license renewal procedures.
Understand the consequences of failure to renew a license.
Appreciate when a reinstatement may or may not be applicable.
Utilize the regulations associated with proper business maintenance.
Apply the various ways in which a licensee may handle an escrow account.
Acknowledge the record-keeping process and associated compliance thereof.
Determine licensee disclosure requirements in proper business dealings.
Recognize the rights of the board to request records and the responsibility of a licensee's record-keeping accuracy.
Describe the actions that constitute improper practices including misrepresentation, incompetence, commission, and disciplinary action

Virginia Limited Service AgencyMore Less 2.0 $20.00


This course covers a broad range of issues related to limited-service brokerages to help you learn ways to help clients through this sometimes-complicated process.

It includes the following lessons:

Legislation
Accountability

Real Estate Ethics and NAR Code of Ethics More Less 3.0 $25.00


This module is designed as a 3-hour course to educate students on ethics in the real estate industry and to better understand the NAR® Code of Ethics, its enforcement procedures, and practical use of the guidelines set forth therein. The student must pass a comprehensive final exam to receive credit for the module.

Because real estate agents usually work and specialize in local communities, they tend to build rapport very quickly. To build reputable associations, agents should win the trust and respect of the people they work with by adhering to the highest morals and ethical practices, thus ensuring client loyalty.

This course introduces you to some of the general ideas and theories that help apply the concept of ethical judgment. This provides a background for a detailed discussion of professional real estate ethics that is framed in terms of the NAR® Code of Ethics. In this module, we will frequently refer to the NAR® Code of Ethics as "the Code of Ethics" or simply "the Code".

As the student completes this module, he or she should try to develop a broad perspective of ethics in real estate and how this translates into the overall goal of professionalism. We will discuss the history of "the Code of Ethics," the concepts included in the articles, the structure of "the Code," the enforcement and hearing process, procuring cause, ethics and arbitration claims, mediation, arbitration, and NAR®'s "Pathway to Professionalism. "

This course includes the following lessons:

The History and Preamble of the NAR® Code of Ethics
The Structure of the Code of Ethics
The Enforcement Process

Topics Covered

The following topics are covered in this course:

The History of the Code of Ethics
Aspirational Concepts in the Preamble
Structure of the Code
Three Major Categories of the Code
Articles of the Code
Standards of Practice
National, State, and Local Associations of REALTORS®
Ethics and Arbitration
Grievance Committee
Professional Standards Committee
Ethics Hearing
Discipline
Arbitration
Mediation
Procuring Cause
Pathways to Professionalism

Learning Objectives

Summarize the history of the Code of Ethics, its influence on state licensing laws, and "Alternative Dispute Resolution."
List the major categories of the Code of Ethics.
Identify aspirational concepts in the Preamble to the NAR® Code of Ethics.
Describe the concept of general business ethics and identify how the Code of Ethics compares and contrasts with the concept of general business ethics.
Discuss the concepts within the Articles of the Code of Ethics.
Identify possible violations of the Code of Ethics. Extend the professional standards enforcement process of the Association.
Define "procuring cause."
Apply NAR®'s "Pathways to Professionalism."

Contracts, Purchases and Sales AgreementsMore Less 4.0 $25.00


Contracts, Purchase and Sales Agreements

Agreement is an essential component in the legal transference of ownership. In real estate, contracts are the instruments by which agreements are reached for the conveyance of property. Whether a salesperson is promising to sell a property within a specified period of time, a prospective buyer is placing an offer on a house or a seller is considering an offer on property, some type of contract is involved. In this Contracts course, the student learns about the types of general contracts as well as the different kinds of real estate contracts.

The module begins by providing the student with an overview of the various types of contracts: bilateral, unilateral, implied, express, executed, executory, valid, void, voidable and unenforceable. Once the student is introduced to the different types of contracts, he or she learns what makes a contract legally enforceable, this being the five components that make a contract valid: mutual assent, legally competent parties, consideration, lawful objective and adherence to a statute of frauds.

This course will introduce the student to two of the three factors that create a contract: offers and acceptances. When there is an offer and acceptance, the parties can either perform their respective parts of the contract or breach the contract by not fulfilling their obligations. Then we will discuss the third component of a legally binding and enforceable contract—performance. There are four basic types of contracts in real estate: sales contracts, option agreements, contract for deeds and leases; these types of contracts being those that deal in the governance of the real estate industry which, as a real estate professional, the student should be familiar with.

Upon completion of this module, the student will be able to:

Name and explain the various components of a valid contract.
Identify the differences between a unilateral and bilateral contract.
Describe the various types of contracts.
Recognize the difference between a forbearance and performance agreement.
Outline the features of a contract (and the contracting parties) that make a contract legally binding.
Recognize the general features of a completed contract.
Identify when a contract can be discharged.
Recognize the different kinds of real estate contracts.

Environmental Hazards More Less 4.0 $25.00


Environmental Hazards

COURSE DESCRIPTION:

Environmental hazards can dramatically affect a property's value and have the potential to cause physical harm to people. Therefore buyers, sellers, lenders, and licensees all can be affected by them and should at least be aware enough to ask important questions about possible environmental issues. This course covers major environmental hazards. The objective of this course is to familiarize licensees with environmental issues because licensees have a responsibility to disclose to buyers any information that might affect their decision to buy. In accordance with TREC rules, sections 535.71 and 535.72D, this course will teach students to identify internal and external environmental issues. They will learn about health hazards, environmental legislation, liability and responsibility for cleanup and protection. They will also learn about actions they should take and how issues affect licensees and lending. Licensees are not expected to be environmental experts, but in this course students will acquire a competency with environmental issues which will help them to elucidate issues for buyers, sellers, and lenders. Knowledge of environmental issues can also help protect them from charges of nondisclosure. This Environmental Hazards Course utilizes interactive technology and audio in an appealing way to facilitate the learning of environmental hazards issues in Texas.

Upon completion of this course, the student will be able to:

Identify recent laws that have an impact on environmental issues, including lead-based paint disclosure laws.
State the procedures used to locate toxic waste sites, the responsibilities for clean-up and steps that may be taken to minimize future liabilities.
Describe the nature of major air pollutants and the remedies that may be applied to minimize their effects.
Identify at least three sources of human exposure to PCBs and at least two health effects seen in humans exposed to PCBs.
Outline landowners' responsibility for the protection of wetlands areas on their property.
Identify the issues landowners and developers face regarding endangered-species protection.
Sketch the nature of electromagnetic fields (EMFs) and the possible need for testing in areas where these are present.
Describe at least two major provisions of the Small Business Liability Relief and Brownfields Revitalization Act.
Outline the current status of environmental laws and their effect on property insurance and mortgage lending.

LeasesMore Less 4.0 $25.00


LEASES


COURSE DESCRIPTION:

Leased property makes up a large portion of the national real estate market. Licensees may encounter the special issues pertaining to leased property as property managers or as rental agents and brokers. The lease contract requires the participation of only a lessor and lessee in order to be valid, but property managers, rental agents, brokers and lawyers may act as representatives or consultants in the process of negotiating, signing and fulfilling the lease agreement. This is an introduction to the financial option of leasing.

The course presents the student with a comprehensive study of residential and commercial leases, describes the various types of leases and explains the characteristics of lease agreements. The process of lease origination, execution and termination are covered in depth. The course also describes leases in the context of landlord and tenant law. It explains the importance and the usage of lease agreements in drafting and executing a rental agreement. This Leases Course utilizes interactive technology and audio in an appealing way to facilitate the learning of the leasing process.

At the conclusion of your study material, you should be able to:


Understand the importance of the rental market within the national housing market.
Describe what a lease is and who the signatories on a lease contract are.
Explain the characteristics that make a lease legally enforceable.
Identify and explain the terms and elements of a lease agreement.
Differentiate between the different types of tenancy agreements and their respective characteristics.
Be able to calculate lease amounts for gross, net and percentage leases.
Understand the landlord's rights and responsibilities in a lease agreement.
Understand the tenant's rights and responsibilities in a lease agreement.
Comprehend the importance and validity of the Federal Fair Housing Act.
Explain the key characteristics of the Uniform Residential Landlord Tenant Act of 1972.
Differentiate between commercial and residential leasing.
Understand the different types of commercial lease agreements.

Liens, Taxes and Foreclosures More Less 4.0 $25.00


LIENS, TAXES AND FORECLOSURES

COURSE DESCRIPTION:

This course discusses liens, taxes and foreclosures. There are many types of liens as well as several kinds of taxes that can attach to a parcel of real estate. When borrowers default on a debt, foreclosure is the process by which lien-holders collect the unpaid portion of a debt. Because liens represent an interest in real property, it is crucial that real state licensees develop an in-depth understanding of liens and lien-related issues. Such knowledge also helps licensees to better advise buyers and sellers.

The first lesson presents a general overview of liens, explains the classification of liens and discusses the types of non-tax liens. We then discuss taxes and tax issues, including ad valorem taxes, real estate tax computation, special assessments, real estate transfer taxes, federal income taxes, capital gains taxes, and tax shelters for homeowners and investors. We also include a discussion about the priority of liens and the methods of foreclosure, redemption, deficiency judgments, tips for homeowners facing foreclosure, and scams related to foreclosure.

Upon completion of this course, the student will:

Be able to define the terms lien and tax lien and understand their operation.
Recognize the different types of liens and know how their priority is established.
Be able to identify and describe types of non-tax liens.
Understand how ad valorem taxes and special assessments are levied.
Know how homeowners and investors can save on federal income taxes and capital gains taxes through the use of tax shelters.
Be able to describe and list different types of foreclosures.
Recognize alternatives to foreclosure and common scams related to foreclosure.

Real Estate AppraisalMore Less 4.0 $25.00


REAL ESTATE APPRAISAL

COURSE DESCRIPTION:

In order to own and convey property in a market economy it is necessary for that property to be assigned a specific monetary value. This process, unlike, say, that of assigning value to durable goods—which have specific materials, production and marketing costs—can be somewhat more involved. With property, the fixed costs—building materials and labor costs—are always accompanied by more esoteric factors that go to make property more (or less) valuable. Becoming a member of the group that understands and applies these factors is a bit more complex than simply being able to understand a balance sheet.

This course covers the theories, rules, duties and activities that guide the real estate appraisal process. An appraiser must also conduct him or herself professionally, ethically and honestly. There are guidelines regarding professionally and ethically correct behavior of appraisers as well which are also covered by this course. The entire appraisal process should be carried out in the best possible way for consumers and licensees as well as the real estate market.

Upon completion of this module, the student will be able to:


Understand the basics of and common terms relating to real estate value estimation and appraisal.
List the traits that a qualified appraiser must possess.
Identify the value principles applied in the appraisal of property.
Employ the value theories in the appraisal process to calculate the price at which property should be traded.
Identify the characteristics that a real estate market should have to promote trade of property.
Discuss the three value approached in detail.
Pursue the eight steps of real estate appraisal to reach a purchase price for a property.
Understand an appraisal report.
Know the difference between an appraisal certificate and license.

Real Estate Finance More Less 4.0 $25.00


COURSE DESCRIPTION

This course provides an introduction to residential real estate finance, including information on the underwriting process for FHA, VA, FNMA & FHLMC loans. It includes the following lessons:

Introduction to Loans
Conventional Loans
FHA Loans
VA Loans
The Basics of Real Estate Financing

In this course the student will learn the basics of the different types of loans available and the advantages and disadvantages of each; loan applications; appraisals; escrow; titles; and credit reports, including

LEARNING OBJECTIVES

Upon completion of this course, the student will:

Understand the basic concepts of real estate financing, and the key terms involved
Know how to qualify a buyer for the most common types of loans Be familiar with the use and function of escrow accounts
Know what a Mortgage Insurance Premium is
Know the underwriting guidelines and process
Be familiar with the three most common types of loans: Conventional, FHA and VA
Know the advantages and disadvantages of conventional loans
Know how to use conventional qualifying ratios
Know the advantages and disadvantages of FHA loans
Know about the differing FHA qualification ratios
Know the advantages and disadvantages of VA loans
Be familiar with VA eligibility and qualification periods
Be able to calculate the amount of VA entitlement used
Be able to calculate VA loan amounts and required down payments
Know the process and qualifications for assuming VA and FHA loans
Be familiar with other types of loans available
Know how to underwrite and close loans

Virginia Fair HousingMore Less 4.0 $25.00


This module discusses the federal Fair Housing Act, as well as other anti-discrimination laws that directly affect the real estate industry and the financing of real estate. Upon completion of this course, you will understand the legislation, its purpose and importance. You will also be familiar with the penalties for violating such statutes and have a better understanding of how you can avoid unethical discrimination in your everyday conduct.

Initially, this module will introduce the federal Fair Housing Act, explaining the groups of people whom it covers and the various wrongs against which the law is meant to protect. In addition, we will discuss the meaning of discrimination and the existence of certain exemptions to the law. After detailing the Fair Housing Act, this course will move on to other relevant statutes, such as the federal Equal Credit Opportunity Act and the Americans with Disabilities Act.

This module concludes with a real estate practice lesson that will present you with various case studies. Using the information you have gained from this course, this final lesson provides you with an opportunity to decide how to handle the common predicaments that often face those providing brokerage services.

Virginia Broker Management More Less 8.0 $40.00


This course will provide the learner with a guide to what it takes to run a successful real estate firm. Opening a real estate business is not a decision that should be taken lightly. A real estate salesperson understands the real estate market, how to list and sell, and how to take care of customers and clients. These skills will be invaluable in running one's own company. There will be many problems that will arise that require knowledge of the workings of the real estate market. This knowledge of the real estate market alone will not be enough to be successful in running a real estate company. Additional skills are required for and in preparation of opening day. This course will show the learner how to prepare for that day. To aid the learner toward this end, this module includes the following lessons:

Leadership Qualities
Strategic Planning
Creation of the Real Estate Company
Monitoring Operations
Expansion Options and Cashing In

Learning Objectives

Describe the difference between the duties of a manager and a leader
Explain three character traits of a leader
List four qualities of a leader
Discuss three elements of effective communication
Give three examples of an aggressive communication style
Determine the four types of behavior leading to "Self-Talk"
Establish the difference between "I-Language" and "You-Language"
Explore examples of three types of listening skills
Distinguish the difference between GDP and CPI
Explain the importance of demographics in planning
Calculate the amount of market share for one's company
Discuss the importance of having a business plan
Explain the mission statement's purpose
Describe who would be involved in the values examination step of planning
List the three business entity options available to a start-up real estate company
Discuss the elements that are critical in the office selection process
Describe the location preference for a residential office versus a commercial office
Identify the necessary personnel required for most real estate offices
Explain three advantages of buying an existing real estate office
Describe the purpose of a policy manual
Distinguish the difference between a General Journal and a General Ledger
List four types of payments that must be deposited in an escrow account
Determine the time period allowed by law that a broker has to deposit an earnest money deposit check
Discover how long a broker must maintain his or her financial records
Recall the four types of representation that a broker can offer
Identify the steps involved in residential marketing
Describe how quality control relates to real estate
Distinguish the difference between access time and queuing time
List two examples of initial considerations in designing a quality control program in a real estate firm
Identify four names that are significant to quality control
State the four operations to which the quality management system could apply
Recall the four steps in a decision table
List five reasons that a real estate company may want to expand
Describe how buying a franchise gives a company name recognition
Recall three factors that would be considered adequate supervision by a supervising broker
Identify two advantages of buying a franchise
State two reasons to remain an independent broker
Analyze the difference between starting a company from scratch versus merging with another company
Name three specific reasons to sell a company

Assessments
1 Pre-quizzes – 0%
Lesson quizzes (6) –70%
Final exam (1) – 70%

virginia Education Requirements

VA State Laws

Salespersons to whom active licenses have been issued by the Board shall be required to satisfactorily complete courses of not less than 16 hours of classroom or correspondence or other distance learning instruction during each licensing term. Of the total 16 hours, the curriculum shall include: (a) A minimum of
eight required hours to include at least three hours of ethics and standards of conduct, two hours of fair housing, and the remaining three hours of legal updates and emerging trends, real estate agency, and real estate contracts; and (b) eight hours of general elective courses as are approved by the Board.

(Effective July 1, 2008) Brokers to whom active licenses have been issued by the Board shall be required to satisfactorily complete courses of not less than 24 hours of classroom or correspondence or other distance learning instruction during each licensing term. Of the total 24 hours, the curriculum shall include:

(a) a minimum of eight required hours to include at least three hours of ethics and standards of conduct, two hours of fair housing, and the remaining three hours of legal updates and emerging trends, real estate agency, and real estate contracts;

(b) a minimum of eight hours of courses relating to supervision and management of real estate agents and the management of real estate brokerage firms as are approved by the Board; and

(c) eight hours of general elective courses as are approved by the Board.

Every applicant for relicensure as an active salesperson or broker shall complete the continuing education requirements prior to each renewal or reinstatement of their license. The continuing education requirement shall also apply to inactive licensees who make application for an active license. Notwithstanding this requirement, military personnel called to active duty in the armed forces of the United States may complete the required continuing education within six months of their release from active duty.