SALESPERSON'S LICENSING EDUCATION PROGRAM - PHASE 3

PHASE 3 - Available Online Details Fee: View our Fee Guide Includes course workbook, assignment booklet, and initial examination. Deadlines Assignments: The assignment booklet must be completed and submitted to MREA within 3 months or less of enrolment. Course Completion: Phase 3 must be completed within 4 months from enrolment date (including examination and rewrite, if necessary). No extensions are granted beyond this period. Prerequisite: Successful completion of Phase 2 Method of Study: Home Study and Online Program Description This course covers the practical aspects of a career in real estate, including property evaluation or appraisal, forms, procedures, and responsibilities in negotiations with buyers and sellers, mortgage financing, and extensive practice in drafting offers to purchase (including both residential resale and condominium sales), listing agreements, and other documentation usual to the trading of real estate. Topics Property Evaluation The Appraisal Process The Cost Approach The Direct Comparison Approach Representing The Seller Agency and The Listing Process Listing contracts and Data Input Forms Pricing and Listing Verification Marketing, Offer Presentation, and Follow-Up Representing The Buyer Buyer Agency and The Selling Process Qualifying The Buyer Locating Property, Offer Preparation, and Closing Mortgage Financing Understanding Residential Mortgages Financing and Mortgage Calculations Drafting Offers The Residential Offer To Purchase Conditional Offers, Counter-Offers, Notices of Acceptance, Delivery of Copies, the Homesteads Act Statement and Consent Miscellaneous Topics The Condominium Offer to Purchase