Trust Accounts in Practice
The Trust Account isn’t such a big deal. Basically I turn in my client’s Earnest Money check and all that takes place is the office secretary endorses the back of the check and then deposits the funds into the bank. Then after settlement I receive my commission check. Attend this class and really see and understand what goes into maintaining your company’s Trust Account legally. After this class you will have more appreciation for those in charge of your company’s Trust Account.
Truth in Lending Act
Federal Consumer Credit Protection Act, Truth in Lending, the Home Ownership and Equity Protection Act of 1994 are covered in this course. The purpose of APR, the 72-hour right of rescission, consumer advertising and disclosures for an ARM are also discussed.
Utah Agency, Liens & Title
Mechanic’s Liens, Residence Lien Restriction and the Lien Recovery Fund Act, State Construction Registry, and Adverse Possession are discussed during this class. This class will give you helpful information on Lien’s their priority and who gets paid first. This class will give you information that can help you with a transaction that may have a Lien attached.
Utah Foreclosure and Tax Laws
Is Utah a Lien Theory or Title Theory state? What types of foreclosures will the state of Utah allow? What are the steps that lead to foreclosures? Do I have to know and understand what FAA stands for? What about the Primary Residence Tax Exemption? This class will help you better understand these very crucial issues.
Settlement Procedures
Everything you always wanted to know about settlement, but were afraid to ask . . . in case it would make you look stupid! Do you know what the R. E. Division requires of principal brokers (and you, acting in the broker’s behalf) when it comes to settlement statements? Find out in this class. Find out where the buyer’s debits and credits go. You will feel much more comfortable reviewing settlement statements and answering questions about the items on them for you buyers or sellers after this class.
Short Sale Forms
Ever find yourself sitting in a forms class nodding off? Well that won’t happen with this class on the Short Sales Forms. This class is a must for every agent. With the increase in Short Sales in today’s market every agent needs to know how and what forms to use. This class is very concise and takes you right to the point of each of the forms used in Short sales. This class will hold your attention every step of the way as you walk through each section of the Short Sale Addendum and learn the purpose of each section. You will know how to utilize the Secondary Backup Contract, along with being able to accurately breakdown each section of the disclosure to illustrate the short sale process to your buyer/seller.
Short Sales Made Easy
Do you ever wish that someone would sit down and explain how to do a Short Sale? In this three hour class you will be shown the Short Sales process from beginning to close. Included in this class are some marketing techniques, processing, organizational skills and paperwork hints that will make Short Sales seem easy.
Standards of Conduct
This class includes provisions of rules and regulations. It is a must for keeping up to date on licensee conduct, improper practices and the standards of practice a licensee is to follow. It discusses personal assistants; the process for complaints, hearings and appeals; and many other license-related topics you should know.
Stigmatized Property Law
How does the Utah Code define “Stigmatized”? Could you explain to your clients what constitutes a Stigmatized Property and what they do and do not have to disclose? How does the Sex Offender Registry affect the way you do business? This course will help clarify what you as agents need to tell your clients.
Real Estate Forms 1
This class reviews the different forms categories. It goes into more detail on the Transaction Document Receipt; Seller Property Condition Disclosure; Buyer Due Diligence Checklist; Seller financing Addendum and Buyer Financial Information Sheet; and the Standard Supplementary Clauses.
Real Estate Forms 2
Much like the Real Estate Forms 1 class, this course continues discussion on different forms. Specifically it will discuss the documents applicable to the assignment of the REPC; Multiple Offer Situations; Lead Based Paint Documentation; FHA/VA Addendum; and Lease/Option Situations.
Real Estate Purchase Contract A
Need more understanding of the State approved Real Estate Purchase Contract? Then this is the right course for you. From beginning to end you will learn how to correctly fill out this important contract. Remember, if one of these contracts is not filled out, there is little chance that you will make money in real estate. On the other hand, if it is filled out, but filled out incorrectly, it could lead to more problems than you want to deal with, up to and including the possibility of losing the transaction.
Real Estate Purchase Contract B
The REPC has some problems that every agent should be familiar with. This class is designed to isolate those problems and give suggestions about how they can be used to an advantage. You will find this course most helpful in increasing your skill to use the REPC to solve problems rather than create them.
RESPA
What do you know about the Real Estate Settlement Procedures Act? This class will discuss it in more detail while also covering the Good Faith Estimate, escrow account regulation and the settlement statement.
Real Estate Acts A
This class will discuss the Marketable Record Title Act; the Utah Exemption Act (also known as the Homestead Act); the various forms of ownership (condominiums, stock cooperative, planned unit developments); mechanic’s liens; Utah Uniform Land Sales Practices Act; Timeshare and Camp Resort Act; Marketing Disclosures, Undivided Fractionalized Long-term Estates.
Real Estate Acts B
This class will go over water law in Utah. It will also discuss complaints, hearings and appeals; enforcement; administrative procedures; stigmatized property; and the sex offender registry.
Property Management
This class is a basic overview of both commercial and residential property management. It will cover different aspects of property management including: preparing a business plan, lease negotiations, maintenance and risk management. We will also touch on Utah law, specifically on the Uniform Residential Landlord and Tenant Act and Utah Landlord/Tenant Law.
Property Management Contract
This class covers the different property types and then goes into typical property management contracts. It will also review the different issues that apply to the contract relationship.
New Construction
This class is a thorough discussion of the New Construction REPC. Even those who work for builders who use their own contracts, the general principles involved will be the same, and you will have a more in-depth understanding of the contract after completing this class. Do you understand the agency representation options involved when you sell new construction – whether you are working for the builder, or you represent the buyer? This class explores the options and explains the contracts and disclosures required for each. Financial issues involved in new construction vs. Purchasing an existing home are also explored.
Organization and Licensing
This class includes provisions of rules and regulations. It is a must for keeping up to date on licensee conduct, improper practices and the standards of practice a licensee is to follow. It discusses personal assistants; the process for complaints, hearings and appeals; and many other license-related topics you should know.
Minimum Service Requirements
In 2005 the State of Utah along with many other states adopted minimum service requirements for Real Estate Brokers and Agents. These requirements were necessary to ensure that the public would not be left to address sensitive situations such as contractual offer presentations and counter offers alone. This course will discuss those requirements.
Loan Fraud
The US Treasury Department has shown a progressive increase in the number of borrowers committing loan fraud over the past several years so it is very important for you to be able to recognize and avoid loan fraud. This class will review the indicators and consequences associated with various types of fraud, as well as the responsibilities you have to your clients
Financial Responsibility
This class will discuss in detail the handling of the real estate trust account; record keeping and statements of account; audits ordered by the Division; broker supervision requirements; and the Real Estate Recovery Fund.
Federal Laws A
Fair Housing laws and their implications, as well as the associated illegal practices connected with them will be explained. Truth in Lending and the Real Estate Settlement Procedures Act; Equal Credit Opportunity Act; Americans with Disabilities Act; the Sherman Antitrust Act; the Uniform Commercial Code and the Environmental Protection Agency will be discussed in this class.
Federal Laws B
As we all know nothing stays the same concerning the law. Do you have the most update information concerning Do Not Call Registry? Calling the wrong person could cost you $11,000. Are you up-to-date with the Interstate Land Sales Full Disclosure Act? How about Wetlands and Floodplains? What is your knowledge depth on CERCLA? What is CERCLA? This class will help you get up to speed on these issues and many more.
Federal Lending Laws
This class goes over many of the mortgage lending laws. It will go over the Truth in Lending Act; RESPA; Fair Housing Act; Equal Credit Opportunity Act; Home Mortgage Disclosure Act; Fair Credit Reporting Act; Community Reinvestment Act; Gramm-Leach-Bliley Act; Fair Accurate Credit Transactions Act; Secure and Fair Enforcement Act as well as Privacy Protection and the Do Not Call Registry.