Real Estate Continuing
Education
Strategic Concepts for the Real Estate Professional
New York State Approved For Continuing
Education - 7.5 hours |
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Cost: $75
for students and $95 for
non-students
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- Course
Highlights
- This class will show you the tips, techniques and strategies
for leasing commercial real estate as well as comprehensive
information about every critical aspect of the actual process.
I. Types of ownership
1. Historic, grants, seisin: freehold, fee simple, seised,
seisin vs. tenancy
2. Fee versus non-fee
3. Rental: term, periodic, month to month, suffrage
4. Tenants in common
5. Joint ownership
6. Tenants by the entirety
7. Survivorship
8. Co-ownership
9. Marital
10. Deed recitals
II. Special owners
1. House
2. Condominium
3. Cooperative apartment
4. Condop
5. Foreign
III. Real estate as a bundle of rights
1. Ownership
2. Rental
3. Profits
4. Licenses
5. Air rights
6. Subsurface mineral rights
IV. Real estate transactions: Elements of a contract
1. Parties
2. Dates
3. Down payments
4. Inspection
5. Payments
6. Representations
7. Mortgage contingency
8. Execution
V. Real estate transactions: Seller
1. Real estate brokers: single, transaction, dual, qualifications,
agreements
2. Receipt of money, form 1099S
3. Mortgage payoff
4. Clear title
5. Foreign sellers, FIRPTA- 10% withholding tax
6. Transfer taxes
VI. Real estate transactions: Purchaser
1. Title search, abstract, lien-coop
2. Appraisal
3. Mortgage procedures
4. Parties, deed type: warranty, covenants, quit claim
VII. Taxation
1. Ordinary income tax versus capital gains, LT and ST
2. Primary residence taxation SS121
3. Vacation homes
4. Mortgage interest and points deduction rules
5. Condemnation and casualty to property
6. Investment property, at-risk and passive activity, PAL,
rules
7. Section 1031 exchanges
VIII. Government regulation of real estate
1. Rental restriction: rent control, rent stabilization,
decontrol
2. Discriminations, Fair Housing Act
3. Landlord tenant courts
4. Zoning: commercial versus residential, lot size
5. Historic preservations
6. Environmental considerations
7. Building code restrictions, smoke detectors, carbon monoxide
detectors
8. Eminent domain
9. Taxation
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- Where do I take
this course?
- New York Real Estate Institute
139 West 35th, 2nd floor
New York, NY 10018
see map
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