Maine Sales Agent Course - Self-Paced

First look at working with buyers and sellers!

Course Description

Welcome

Introduction

What to expect...

Maine Real Estate Commission Statement

Maine Real Estate Commission Sales Agent Course Outline

Maine Real Estate Candidate Handbook

Student Workbook

Maine Real Estate Course Reference Book - Laws and Rules Booklet

Brokerage Relationship Form

Antitrust Compliance Guide for Realtors®

Flood Disclosures Guide

Module 1-A Industry Slide Deck

Module 1-A-1 Laws §8003 - 5-A and §13069 Slide Deck

Module 1-A-2 Real Estate Entities

Flashcards

Module 1-A Knowledge Check

Maine License Law §13001-§13003 Slide Deck

Maine License Law §13004 and §13005 Slide Deck

Maine License Law §13062 and §13065 Slide Deck

Maine License Law §13067-A and §13068 Slide Deck

Maine License Law §13177-A

Module 1-B-3 License Law §13171 and §13173-§13181 Slide Deck

Module 1-B-4 Maine License Law - §13191, §13195-§13200 Slide Deck

Module 1-B-5 - Maine Rules - Chapter #400

Module 1-B-6 Maine Rules - Chapter #410

Module 1-B Knowledge Check

Module 1 -C Overview

1-C-1 Slide Deck - §13251-A, §13271-§13277

Module 1-C-2 Slide Deck - §13278-§13283

Brokerage Relationship Form Delivery

Exercise 1-C Who am I Exercise?

Excercise 1-C - Agency Exercise

Case Study 1 - Brokerage and Brokerage Relationship Form

Lead Paint Form and Booklet

Solicitation Period - Reading

Field Experience Form

Module 1, Chapter 1 - Knowledge Check

Module 1-D-1 Multiple Offer Slide Deck - Rule - Chapter 410 - Section 12

Multiple Offers - Guidelines

Department of Environmental Protection - Suggested Reading

Module 1-D-2 - Maine's Shoreland Zoning Statute - Slide Deck

Module 1-D-3 - Maine's Recording System - Slide Deck

Module 1-D-3 Maine's Recording System - Knowledge Check

Module 1-D-4 Maine's Condominium Law - Slide Deck

Module 1-D-5 Leasehold Estates - Slide Deck

Module 1-D-6 - Maine Subdivision Law - Slide Deck

Module 1-D-7 Underground Storage Tanks - Slide Deck

Module 1-D-8 - Various Land Use Laws and Regulations in Maine - Slide Deck

Module 1-D-8A - Open Space Law

Arsenic Water and Wood Forms

Module 1-D-9 - BPO and Appraiser Law §14004

Module 1-D-10 Maine's Fair Housing - Slide Deck

Maine Review - Flash Cards - Set #1

Maine Review - Flash Cards - Set #2

Maine Review - Flash Cards - Set #3

Module 1-A - Creating Agency and Types of Agency

Module 1-B - Rights, Duties and Obligations of the Parties

Module 1-C - Real Estate Commission Calculations

Module 1-D - Termination and Remedies for Non-performance

Module 1-E - Disclosures

Module 1-F - Unilaterial and Bilaterial Contracts

Module 1-G - Valid vs Void and Voidable vs Enforceable

Module 1-H - Notice of Delivery and Acceptance

Module 1-I - Executory and Executed

Module 1-J - Enforceable vs Unenforceable

Module 1-K - Addendum to a Real Esate Contract

Module 1-L - Eletronic Signatures and Paperless Transactions

Chapter One Quiz - Agency

Module 2-A - Purchase Contracts

Module 2-B General Principles

Module 2-C Contract Options

Module 2-D Purpose of the Purchase Contract

Module 2-E - Termination, Rescission and Breach of Contract

Module 2-F - Statute of Frauds

Module 2-G - Time is of the Essence

Module 2-H - Offer and Acceptance

Module 2-I - Contingencies

Module 2-J - Duties and Obligations of the Parties

Module 2-K - Handling the Funds of Others, Trust, Escrow and Delivery

Chapter Two Quiz - Purchase Contracts

Module 3-A - General Principles and Legal Concepts

Module 3-B - Types of Agency

Module 3-C - Licensee-client Relationship

Module 3-D - Duties and Obligations of Seller (Client)

Module 3-E - Duties and Obligations of Buyer (Client)

Module 3-F - Duties and Obligations of Real Estate Agent/Broker

Module 3-G - Conditions for Termination of Contract

Module 3-H - Conditions of Breach of Contract

Module 3-I - Remuneration, Consideration and Fees

Module 3-J - Types of Service or Listing Contracts

Chapter Three Quiz - Service Contracts

Module 4-A - Rights of Ownership

Module 4-B - Real Property vs Personal Property

Module 4-C - Fixtures vs Personal Property

Module 4-D - Types of Ownership

Module 4-E - Freehold Estates

Module 4-F - Leasehold Estates

Module 4-G - Basic Elements and Provisions of Leases

Module 4-H - Rights and Duties of the Parties of the Lease

Module 4-I - Remedies for Default and Non-performance in Leases

Module 4-J - Pre-existing Leases

Module 4-K - Property Management

Module 4-L - Types of Leasing Contracts

Module 4-M - Commission on Leased Property

Module 4-N - Types of Business Ownership

Chapter Four Quiz - Real Property Ownership and Interest

Module 5-A - Elements of a Valid Deed

Module 5-B - Types of Deeds

Case Study - Deed Exercise

Module 5-C - Deed Conditions and Restrictions

Module 5-D - Liens and Lien Priority

Module 5-E - Voluntary and Unvoluntary Liens

Module 5-F - Voluntary and Unvoluntary Alienation

Voluntary or Involuntary Alienation Exercise

Module 5-G - Easements, Rights of Way and License

Module 5-H - Easement Relationship

Easement Exercise

Module 5-I - Easement by Prescription and Necessecity

Module 5-J - Termination of an Easement

Module 5-K - Encroachment

Module 5-L - Real Property and Methods of Legal Description of Land

Module 5-M - Methods of Measurement

Chapter Five Quiz - Private Restrictions, Deeds and Title

Module 6-A - Public Controls and Government Powers

Module 6-B - Zoning Rgulations, Building Codes and Land Use Planning

Module 6-C - Subdivision and Planned Unit Development

Module 6-D - Condominimums, Cooperatives and Time Shares

Chapter Six Quiz - Government Powers and Control of Land Use

Module 7-A - Equal Opportunity Housing

Module 7-B - Federal Fair Housing Act

Module 7-C - Protected Classes

Module 7-D - Fair Housing Laws

Module 7-E - HUD Enforcement and Penalties

Module 7-F - Blockbusting, Steering and Redling

Module 7-G - Prohibited Advertising

Module 7-H - Americans with Disabilities Act

Module 7-I - Drones and FAA

Module 7-J FIRPTA (Foreign Investment Real Property Transfer Act)

Chapter Seven Quiz - Real Estate Practice

Module 8-A - Supervision

Module 8-B - Compliance with Federal Regulations

Module 8-C - Vicarious Liability

Module 8-D - Antitrust

Module 8-E - Fraud and Misrespresentation

Module 8-F - Types of Insurance

Chapter Eight Quiz - Risk Management

Module 9-A - Define Aspects of Title

Module 9-B - Conveyance Process Ensuring Clear, Marketable, and Equitable Title

Module 9-C - Cloud on Title

Module 9-D - Quiet Title Lawsuit

Module 9-E - Constructive and Actual Notice

Module 9-F - Title Abstract and Chain of Title

Module 9-G - Recording

Module 9-H - Wills

Module 9-I - Settlement and Closing the Transaction

Module 9-J - Settlement Calculations - Defined

Module 9-K - Settlement Calculations

Tax Proration Example Video

Tax Proration Exercise

Tax Escrow Example Video

Tax Escrow Exercise

Case Study - Closing Statement

Chapter Nine Quiz - Conveyance of Real Property

Module 10-A Hazardous Substances

Module 10-B - Clean Air and Water Act

Module 10-C - Enviromental Protection Act

Module 10-D - Comprehensive Environmental Response, Compensation and Liability Act (CERCLA)

Module 10-E - Superfund Amendment and Reauthorization Act (SARA)

Module 10-F - Environmental Site Assessments

Moduel 10-G - Wetlands Protection

Module 10-H - Property Conditions Disclosures

Chapter Ten Quiz - Environmental and Property Conditions

Module 11-A - Basic Concepts and Terminlogy

Module 11-B - Approaches to Value - CMA

CMA Example

CMA Exercise

Module 11-C - Approach to Value - Income Approach

Income Approach to Value Example

Income Approach Exercise

Module 11-D - Approach to Value - Cost Approach

Cost Approach to Value Example

Cost Approach Exercise

Module 11-E - Influences and Characteristics Affecting Value

Principles of Value

Module 11-F - Establishing a List Price

Module 11-G - Assessed Value to Determine Property Taxes

Module 11-H - Broker Price Opinion

Module 11-I - Measurement Methods

Chapter Eleven Quiz - Property Valuation

Module 12-A - Basic Concepts and Terminology

Module 12-B - Methods for Financing

Module 12-C - Lien Theory, Title Theory and Deed Trust

Module 12-D - Sources of Financing – Primary and Secondary Mortgage Markets

Primary vs Secondary Mortgage Market Exercise

Module 12-E - Types of Loans

Module 12-F - Prominent Mortgage Clauses

Module 12-G - Basic Mortgage Terms

Module 12-H - Primary Legal Principles of a Mortgage

Module 12-I - Overview of Non-Performance of a Mortgage

Module 12-J - Lender Requirements

Mix n Match #1 and #2 Exercise

Chapter Twelve Quiz - Financing

Module 13-A - Real Estate Settlement Procedures Act

Module 13-B - Regulation Z

Module 13-C - Truth in Lending Act ( TILA)

Federal Settlement Cost Booklet

Module 13-D - Antirtrust

Module 13-E - Mortgage Fraud

Module 13-F - Predatory Lending Practices

Module 13-G - Equal Credit Opportunity Act

Module 13-H - Dodd-Frank Act

Module 13-I - Lending Process

Module 13-J - Loan Financing Costs

Module 13-K - Typical Loan Fees

Module 13-L - Basic Terminolgy

Module 13-M - Basic Settlement Terminology

Module 13-N - 1031 Exchange and Captiol Gains

Chapter Thirteen Quiz - Federal Financial Regulations and Oversight

Maine Sale Agent Final Exam

Evaluation Form

Next Steps.....