COURSE SYLLABUS
90 Hour Real Estate Broker Course in English
Course Number: RECOE-101
Section: English
Course Syllabus
Welcome to Luis Nieves Institute of Real Estate, Finance & Law, real estate broker course online. In this document, you will learn about the scope of the course, as well as administrative specifics, such as grading and certificates.
Course Description: The Law 10 of 1994, Regulates the Profession and business of Real Estate of Puerto establishes minimum standards for pre-licensing real estate education. In order to fulfill the pre- licensing education requirements; brokers must complete thorough and meaningful training that will meet the 90 hour minimum requirement as well as prepare them for their licensing examination.
This series of courses has been developed by industry experts using proven instructional methodologies. This course includes instructor presentation along with engaging hands- on activities designed to reach all learning styles.
Instructor Background: Luis Nieves Morillo, juris doctor, Realtor, GRI, REEA,ARES, professor of Real Estate for more than a decade, also is owner of Luis Nieves Institute of Real Estate, Finance & Law, Luis Nieves Realty, Luis Nieves Real Estate Professional Society, Vice-president of the Puerto Rico Association of Real Estate Schools. He holds the Puerto Rico broker’s license and is member of the Association of Realtor, Real Estate Educators Association, Graduated Institute of Realtors. Actual elect President of Bayamon Board of Realtors 2020
Instructor contact information luisnievesinstitute@gmail.com Available Monday-thru Thursday business hours 1:00-4:00 PM
Students are required to complete all lessons of the course to successfully complete the course. Non- compliance will result in not receiving a certificate of completion, no course refund, and no credit towards licensing requirements.
Course Objectives: Upon completion of this course, you will be able to:
- Identify critical aspects of the history of the Real Estate industry as a basis for today’s market and laws.
- Define key terminology of the Real Estate industry as applicable to today’s market.
- Define the ethics of real estate practices as it relates to laws, fraud, marketing and ethical behaviors;
- List, study and have knowledge of the laws and their key attributes that impact real estate such as Registry and Mortgage Law, Civil Code Sections,Taxes, Appraisal, Finance such as: RESPA, TIL, ECOA, Subsidies, etc.
- Recognize the purpose, contents and procedures of transactions, contracts and documents of Real Estate..
- Identify government agency procedures, finance closing procedures, including settlement, fees, title policies, and funding.
- List key characteristics of real estate loan programs from the traditional Conventional products to Government, Reverse, and other non-traditional products, and the guidelines for each subsidies.
- Accurately execute taxes, appraisals, finance and math problems.
- Outline “Best Practices” of Real Estate acts.
- Identify key concepts of Contracts and Legal General Aspects, the guidelines in place and the risk analysis involved
- Identify issues surrounding Property Management, Condominium, and Home Owners association contracts and laws.
- Recognize the broker, salesperson and realty’s roles, sales technics, management and responsibilities in real estate market.
- Recognize prohibits acts, fraud in each transaction of real estate, its different types and how to solve its dilemas.
Purpose for the Course: The purpose of this course is to prepare real estate brokers for successful completion of the pre-licensing examination.
Course prerequisites: basic Knowledge of Real Estate
License-Real estate broker
- Any natural person who wishes to practice the profession of real estate broker in Puerto Rico shall meet the following requirements:
- Present a certificate of good behavior issued by the Puerto Rico Police; by a state of the United States of America and by the foreign country, if pertinent, indicating that for five (5) years prior to the application, he/she has not been convicted of a felony or misdemeanor that implies moral turpitude; Provided, that this requirement may be met at any time before the Board issues the license. If the applicant should meet this requirement After having approved the license, and there is an indication on the certificate of convictions that disqualifies him/her from obtaining the license, the board may reject the application for failure to comply with this requirement.
- Be over 18 years of age.
- Be a high school graduate or its equivalent.
- He/she shall have approved a minimum of sixty (60) university credits in institutions accredited or recognized by the Council on Higher Education.
Course Type: Online Self-Pace ON YOUR OWN PACE Style
Course Category: General
Course Length: The course is designed to take 90 hours to complete.
Course Deadline: Students must complete all course assignments by the dates assigned to each assignment. The course is structured to be completed within a three month or less period.
Course Materials: All materials required for the course are provided to students at course check in or are contained within the learning management system. No other materials are required.
Assessments and Activities: There are learning activities to test your knowledge throughout the course, as well as severals practice exams to test your overall mastery of the course information. Additionally, interaction between students and the instructor help ensure understanding and retention of knowledge throughout the course.
Students must complete individual assignments and assessments independently, without any input from another person. Non-adherence to this is cause for disqualification and immediate failure of the course.
Reading:In addition to online material that is of critical importance to read, there are textbook reading assignments for most topics in the course. Assignments will be posted online.
Quizzes:These are mini self-tests for seeing how well you are picking up the important points of the material presented online and in the textbook. Answers and explanations are shown on linked pages, so answers can be checked immediately.
Exams:The format of quizzes and exams is the same. There are multiple choice items and items that require paragraph-length written responses.
Computer and Internet Requirements: Students must have an Internet connection and a computer that is able to support Internet Explorer 10 or later versions. Software versions of Word, PDF. Excel and Power Point is also needed.
Certificate of Completion: After you have successfully completed all assignments, passed the practice exams and a final exam, meet the course time requirements and completed the course evaluation your certificate of completion will be send by certified mail.
Course Evaluation: After you have completed the course, please take a moment to complete the course evaluation. Your feedback will help us improve our courses and develop new offerings.
Course Support: LNI staff is present throughout the duration of the course to provide support online. Additionally, support staff is available Monday – Friday from 10:00 a.m. – 4:00 p.m. ET at (787) 942-5858 or at luisnievesinstitute@gmail.com
LNI Policy
LNI REGISTRATION POLICY, REIMBURSEMENT AND PROCESS TO UNROLL ONCE PAID
IMPORTANT NOTICE BEFORE THE PAYMENT
Prior to issuing payment please read the policy of reimbursement and situation of unsubscribe as described in this page. Once payment means that you have read carefully and has accepted the policy of LNI.
Have any questions or questioning before payment call us anytime at phones described on this page or send an email to luisnievesinstitute@gmail.com
The LNI policy applicable to the registration of the course, seminar, module, or other educational activity is as follows:
1. The student will be enrolled in the course online with the payment made to Luis Nieves Institute (LNMO-Caribbean CORP). The payment made by third party will be accepted but must be well clear the name and surname for who the payment is made. Once identified the student for whom he was paid the educational session will apply the LNI policy as if the student would have made the payment by himself.
2 Any time accept payments by the staff of LNI or teacher in the classroom, conference room or Auditorium.
3. Student must have made the payment previously to be authorized to enter yo take the Online course.
4. Payment is non-refundable once the codes and links have been sent to the email registered by the payee.
6. In exceptional case of proceeding the reimbursement of the service paid, any refund of reimbursement is a fee of $125.00 in concept of administrative formalities.
7.Do you want to unsubscribe once you have received the codes and links to have access to the course online you will have one (1) year from the date of the beginning of the course, seminar, review or module to reinstall and finish it.
9.Past within one (1) year will have to pay back the cost of the course, seminar, review, or module. If course material was given you will keep them and you will not be entitled to receive new materials once reinstalled and resumed the course, seminar, review or module within the year.
10. In case of reimbursement the process will begin within 5 business day from the date LNI have approved the written request.
11.Any doubts, query or information should be sent to luisnievesinstitute@gmail.com or ATT. Luis Nieves LNI Offices P.O. Box 190080, San Juan, PR 00919.
REMEMBER IT IS VERY IMMPORTANT TO DO before YOU start any lesson you might read the LNI policy once you have received the codes and links to have access to the seminar or course online it will be understood that you have read and ACCEPTED ALL LNI POLICY. For LNI policy information go to realestatebookpr.com/www.cursobienesraicesonline.com/www.cursobienesraivces.com
Cheers! Enjoy the course!!
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Prof. Luis Nieves J.D. Realtor G.R.I.