CERTIFICATE PROGRAM COURSES Principles of Property Management Fee: View our Fee Guide Method of Study: Home Study Prerequisite: none Deadlines: Principles of Property Management must be completed within 6 months from the original course start date (including examination and rewrite, if necessary). Program Description Principles of Property Management is a competency-based course designed for property managers. This program recognizes the unique requirements of property managers, tenants, and landlords in an increasingly sophisticated marketplace. Tenants and landlords need, expect, and deserve different perspectives and expertise from property managers as compared with residential salespeople and brokers. This course has two underlying, interwoven themes that differentiate this course from previous courses. First, the focus is solely on property management skills and knowledge. Second, discussions, examples, and exercises cover a broad range of sub-specialty areas, besides residential, including office, retail, and industrial. This range of information, combined with a broad array of exercises, prepares participants for marketplace challenges, while setting the stage for advanced studies in other property management programs. Topics Introduction to Property Management The Law and Property Management Leases and Tenancy Agreements Market Research and Tenant Selection Property Management Management and Administrative Procedures Physical and Operational Property Management Professional Conduct and Risk Management The Property Management Plan Broker's Licence Restricted to Property Management The Manitoba Securities Commission has designated this course as the required education course for those individuals intending to apply for registration as an authorized official with a broker's licence restricted to property management.   Principles of Commercial Real Estate Fee: View our Fee Guide Method of Study: Home Study Prerequisite: none Deadlines: Principles of Commercial Real Estate must be completed within 6 months from the original course start date (including examination and rewrite, if necessary). Program Description Principles of Commercial Real Estate is a competency-based course designed for commercial practitioners. This program recognizes the unique requirements of commercial clients and customers in an increasingly sophisticated marketplace. Consumers need, expect, and deserve different perspectives and expertise from commercial practitioners as compared with residential salespeople and brokers. Inevitably, academic paths must diverge from a common base of knowledge acquired in Phases 1, 2, and 3. This course has two underlying, interwoven themes that differentiate this course from previous courses. First, the focus is solely on commercial skill and knowledge with particular regard to acceptable standards and levels of consumer protection expected of salespeople entering this field. Second, discussions, examples and exercises cover a broad range of sub-specialty areas including office, retail, industrial, multi-residential, and vacant land. This range of information, combined with a broad array of exercises, prepares participants for marketplace challenges, while setting the stage for advanced studies in other commercial programs. Topics Introduction to Commercial Real Estate Professional Conduct Seller/Landlord Representation Buyer/Tenant Representation Retail and Office Leasing Sale of a Business Industrial Real Estate Investment Real Estate The Offer to Purchase-Commercial Successful completion of this course is a prerequisite for membership in the Commercial Division of The Winnipeg Real Estate Board. The National Commercial Council of CREA recognizes the Principles of Commercial Real Estate course as an equivalent to the National Commercial Council's Fundamentals of Commercial Real Estate Investment Analysis course.   Agricultural Real Estate in Manitoba Fee: View our Fee Guide Method of Study: Home Study Deadlines: The Assignment Booklet for Agricultural Real Estate in Manitoba must be completed and marked within 6 months from the original course start date. Prerequisite: Successful completion of Phase 1, 2, and 3 of Real Estate as a Professional Career program Program Description A real estate salesperson specializing in the sale of farm properties in Manitoba requires thorough product knowledge. This knowledge is highly specialized and covers such broad topics as legal issues and provincial statutes, tax issues in the sale of farms, the different types of crops grown in Manitoba, and the livestock grown on farms in Manitoba. Environmental issues. Such as storage of manure, burning of crop residue, septic tanks, etc. are also important. Topics Introduction to Agricultural Real Estate Agriculture in Manitoba Legal Issues and Legislation Tax Issues and Financing Options Soils Know Your Product - Farming in Manitoba Crop Production in Manitoba Beef and Dairy Cattle, Hogs, and Other Livestock Poultry and the Egg Industry Utilities and Services Listing and Sale of Farm Properties Appraising the Farm Property Listing the Farm Property Offer to Purchase Environmental and Risk Issues   Condominium Sales in Manitoba Fee: View our Fee Guide Method of Study: Home Study Deadlines: Condominium Sales in Manitoba must be completed within 6 months of the original course start date. Prerequisite: Successful completion of Phase 1, 2, and 3 of Real Estate as a Professional Career program. Program Description This course covers the statutory condominium offer to purchase from, statutory requirements that must be followed under the Condominium Act in the sale of a condominium, difference of listing and sale of a condominium unit from the sale of a house. Topics Condominium Ownership and Terminology The Legal Framework Condominium Declaration and Bylaws Management and Ownership Issues Listing a Condominium Unit Selling a Condominium Unit   Principles of Mortgage Financing Fee: View our Fee Guide Method of Study: Home Study Deadlines: Principles of Mortgage Financing must be completed within 6 months from the original course start date (including examination and rewrite, if necessary). Prerequisite: Completion of Phase 1, 2, and 3 of Real Estate as a Professional Career program, Real Property Law, and Principles of Appraisal Program Description This course is divided into three units. The first unit addresses mortgage concepts and terminology, the basic structure and creation of mortgages, responsibilities of the mortgagor and mortgagee, the use of standard charge terms, registration of mortgages on the certificate of title, and finally the issue of borrower default and related remedies, including foreclosure. The second unit covers mortgage mathematics including the use of mortgage tables and financial calculators. The third unit covers the Canadian mortgage market, sources of financing, and the qualification and pre-approval process. Topics Mortgage Concepts and Terminology Mortgage Mathematics Mortgage Financing   Residential Construction in Manitoba Fee: View our Fee Guide Method of Study: Home Study Deadlines: Residential Construction in Manitoba must be completed within 6 months from the original course start date (including examination and rewrite, if necessary). Prerequisite: Completion of Phase 1, 2, and 3 of Real Estate as a Professional Career program, Real Property Law, and Principles of Appraisal. Program Description In this course, the student will learn the workings of a home - its key systems and components, how they work, and how they fit together. Some information is also provided on basic house construction. This course is one of the courses required leading to the MVA - Residential designation. However, it is also beneficial to anyone wanting more information about home construction. Topics The Construction Industry in Canada and Manitoba Manitoba New Home Warranty Program The Whole House Architectural Information Structural Components and Materials Service Systems, Interior Finishes, and Exterior Site Work   Valuation Reporting Skills Fee: View our Fee Guide Method of Study: Home Study Deadlines: Valuation Reporting Skills, including the assignment, must be completed within 6 months of the original course start date. (there is no examination for this course) Prerequisite: Completion of Phase 1, 2, and 3 of Real Estate as a Professional Career program, Real Property Law, and Principles of Appraisal Program Description The purpose of this course is to improve the student's verbal and written communication in terms of the valuation process and final estimate of value - to be able to answer why, where, how, who, and what of appraisal accurately and effectively. There is no examination for this course; however a comprehensive appraisal assignment must be successfully completed. Topics General Appraisal and Property Information Subject and Market History The Neighbourhood Site Information Information on Improvements The Cost Approach The Direct Comparison Approach Concluding the Appraisal Report