Real Estate Institute of New England

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

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

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-I - Settlement Calculations - Defined

Module 9-K - Settlement Calculations

Tax Proration Exercise

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 10-B - Approaches to Value - CMA

CMA Exercise

Module 11-C - Approach to Value - Income Approach

Income Approach Exercise

Module 11-D - Approach to Value - Cost Approach

Cost Approach Exercise

Module 11-E - Influences and Characteristics Affecting Value

Module 11-F - Establishing a List Price

Module 11-G - Assessed Value to Detemine 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)

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 Terminlogy

Chapter Thirteen Quiz - Federal Financial Regulations and Oversight

National Sales Agent - Final Exam