Description

   

     The Georgia Pre-license Fundamentals portion of this package introduces students to the various types of real estate careers,  activities, companies and governmental agencies that regulate the industry. The course explores property rights, forms of ownership,  property restrictions and zoning. Students learn mathematical calculations and formulas commonly used in the real estate industry.  There is an overview of agency relationships, contract law, property transfers, listing agreements and deeds as well as environmental issues that licensees may encounter. The general license section ends with an exploration of loans and the loan process, leasing, appraisal methods and fair housing laws. The student will examine Georgia Real Estate  License Law governing the licensing and conduct of real estate professionals, the structure, and duties of the Georgia Real Estate  Commission and the requirements for the licensure for both salesperson and broker. The steps required for setting up and maintaining escrow/trust accounts and actions that are not in compliance with  Georgia real estate license law are covered along with the Real Estate  Education, Research and Recovery Fund. Students will explore unfair trade practices and licensees that are prohibited from engaging in, the  Commission complaint process, the activities that require a real estate license and how the Criminal Code of Georgia relates to real estate licensees. This course also covers the requirements of obtaining and renewing a real estate license. The responsibilities of brokers,  advertising requirements, and agency relationships. Students will learn about mortgage fraud, Georgia Fair Housing Law and the Brokerage  Relationship in Real Estate Transaction (BRRETA).

In the Real  Estate Math section, students will review basic math skills and understand how to apply real estate terminology and specific formulas to problems and tasks common in the real estate industry. Topics include volume calculation, the Rectangular Survey System, the Metes and Bounds  System, proration, commission rates and property values. This course will help students develop the skills the complete a review of settlement costs and explain this information to clients.     

Course Objectives

   Upon completion of this course, the student will be able to:

  • Understand the various types of real estate careers, activities, companies, and governmental agencies that regulate the industry
  • Explore the property rights, forms of ownership, property restrictions and zoning
  • Learn the mathematical calculations and formulas commonly used in the real estate industry
  • Be  familiar with agency relationships, contract law, property transfers,  listing agreements, and deeds as well as environmental issues that  licensees may encounter
  • Explore the concept of loans and the loan process, leasing appraisal methods and fair housing laws
  • Learn  about the requirements for securing and maintaining a license, the real  estate-related activities that require a license and the  responsibilities of a qualifying broker
  • Understand the real estate math and apply math formulas used in real estate transactions and business


The Following Courses Are Included In This Package:

            

Course Name Industry Course Delivery
 Georgia Prelicense Fundamentals  Real Estate Education       Online Interactive     
 Real Estate Math  Real Estate Education    Online Interactive  


Topics Covered

   This course package covers the following topics:
  • Real Estate as a Career
  • Real Estate Violations
  • Real Property Rights
  • Characteristics of Real Property
  • Land use
  • Fixtures
  • Land, Tenements, Hereditaments, and Estates
  • Life Estates
  • Life Tenants and Nonfrehold Estates
  • Concurrent Ownership
  • Condominiums and Cooperatives
  • Time Shares and Business Organization Ownership
  • Easements and Liens
  • Restrictions and Covenants
  • Zoning
  • Real Estate Ownership: A Summary
  • Real Estate Math: Formulas
  • Real Estate Math: Survey Systems
  • Agency and Brokerage Relationships
  • Brokerage
  • Dual Agency
  • Listing Agreements
  • Legal Descriptions
  • Basic Contract Law
  • Types of Contracts
  • Sale Contracts
  • The Selling Process
  • Deeds: Part 1
  • Deeds: Part 2
  • Title Insurance
  • Environmental Issues
  • Asbestos and Formaldehyde
  • Real Estate Financing Practices
  • Types of Mortgages
  • Mortgage Bankers
  • FHA and VA Loans
  • Veterans Loans
  • The Loan Process
  • Lending Regulations
  • Principals of Lending
  • Leasing Basics
  • Lease Contracts
  • Property Management
  • Real Estate Valuation
  • Comparative Market Analysis
  • Highest and Best Use
  • Appraisal Steps
  • The Net Income Approach
  • The Cost Approach
  • Escrow and Settlement Process
  • Closing Basics
  • Fair Housing Laws and Protected Classes
  • Americans with Disabilities Act
  • History of Fair Housing in America
  • Fair Housing: Law of the Land
  • Fair Housing Rules
  • Qualifying of Licensure
  • License Requirements and Maintenance
  • Duties of the Real Estate Commission
  • License law Violations and the Recovery Fund
  • Violations and Hearing
  • Exceptions to License Requirements
  • Licensing
  • Broker Management
  • Trust Accounts and Advertising
  • Brokerage, Fair Housing, and Fraud
  • Agency Relationships
  • Georgia Contracts
      

Quiz Information

   Students must achieve a 75 percent or better on quizzes to move on to the next section