New York Real Estate CE

New York Real Estate Continuing Education Courses

Real Estate Institute of America is here to help you in your quest for a real estate license, to renew your current license, or do post-license training. We are approved by the New York Real Estate Commission for all courses. Rest assured, with online training through Real Estate Institute of America, all of your hours will count. So do them on your time, in the comfort of your own home.

The New York Real Estate Commission requires salesperson licensees to complete 22.5 hours of continuing education every 2 years. Our online package satisfies all NYREC requirements and gives you the flexibility to take your CE courses whenever and wherever it’s convenient for you.

22.5 Hour New York Real Estate License Renewal Package - $135

This package includes the following courses:

• Closing & Settlement Costs (3.5 Hours)
• Fair Housing (4 Hours)
• Home Inspection (3.5 Hours)
• Liens, Taxes & Foreclosures (3.5 Hours)
• Contracts, Purchase & Sales Agreements (4 Hours)
• Environmental Hazards (4 Hours)

view course demo | see all courses

New York Real Estate CE Requirements:

To renew your license, you must complete 22.5 credit hours of continuing education every two years from the date your license was received.

The New York Department of Licensing Services requires education providers to issue course credit to students who complete the online course within the state-mandated time period. This means, to complete the course you must sit for the required number of hours; for example, to receive credit for a three-hour course, you must literally sit for three hours of instruction.

Before beginning the course, please note:

1. Timing Clock: Each lesson is timed. To complete a lesson, you must sit until the clock displays 0:00. If you close the browser, log out of the course player (browser with iCourse Player 2.1.8 in top left corner), or leave your computer idle for longer than 10 minutes, THE TIMER WILL RESET. If this happens, then you must return to the BEGINNING OF THE LESSON and the TIME WILL BE RESET. (Suggestion: If you log out, please do so after you complete a lesson or before you begin a lesson.)
2. Idle Timer: The course player detects activity. If you leave the course player idle for 10 minutes, then you WILL BE LOGGED OUT OF THE LESSON. If this happens, then you must return to BEGINNING OF THE LESSON and the TIME WILL BE RESET. You MUST hit the GREEN PLAY BUTTON, to prevent triggering the idle timer.

COURSE DESCRIPTIONS

Closing & Settlement Costs

This course provides an introduction to residential real estate finance, including information on how to underwrite FHA, VA, FNMA and FHLMC loans. Understanding this information will help the student assist his or her buyer- and seller-clients from the initial meeting, through the closing proceedings with basic financing and loan-qualification questions.In accordance with TREC rules Sections 535.71 and 535.72D, in this course, you will learn the basics of the different types of loans available, loan applications, appraisals, escrow, titles and credit reports, including qualifying for loan amounts and verifying income and assets. Upon completion of this module, the student will know how to calculate loan amounts, estimate monthly payments, property taxes, hazard and mortgage insurance (for conventional, FHA and VA) and qualifying ratios and income.

TOP

Fairhousing

This course is designed to increase your knowledge of federal and state fair housing laws and related civil rights and anti-discrimination laws that affect real property transactions. All real estate licensees need to understand who is protected by the fair housing laws, what acts are prohibited by these, and how the fair housing laws are enforced. The more knowledgeable you are about fair housing, the less likely you will be to commit fair housing violations. Course topics covered in this course include transactions covered by the law, discrimination, HUD advertising guidelines, equal housing opportunity, the equal credit opportunity act and the Americans with Disabilities Act.

TOP

Home Inspection

This course presents an overview of the home inspection business and explains how it fits into the real estate industry as a whole. In addition, the course covers the regulatory bodies and professional organizations associated with home inspection. At the conclusion of this course, the student will understand the methods used to inspect homes, will know what to look for when examining properties, both inside and out, and will understand the various types of inspection reports and the differences between them.

TOP

Liens, Taxes and Foreclosures

This New York Real Estate continuing education course discusses liens, taxes and foreclosures. There are many types of liens as well as several kinds of taxes that can attach to a parcel of real estate. When borrowers default on a debt, foreclosure is the process by which lien-holders collect the unpaid portion of a debt. Because liens represent an interest in real property, it is crucial that real state licensees develop an in-depth understanding of liens and lien-related issues. Such knowledge also helps licensees to better advise buyers and sellers. The first lesson presents a general overview of liens, explains the classification of liens and discusses the types of non-tax liens. We then discuss taxes and tax issues, including ad valorem taxes, real estate tax computation, special assessments, real estate transfer taxes, federal income taxes, capital gains taxes, and tax shelters for homeowners and investors. We also include a discussion about the priority of liens and the methods of foreclosure, redemption, deficiency judgments, tips for homeowners facing foreclosure, and scams related to foreclosure.

TOP

Contracts, Purchase & Sales Agreements

Clear, mutually-acceptable agreements are an essential component of the legal transference of ownership. In the practice of real estate, contracts are the instruments used to describe and record the agreements surrounding the conveyance of property. Some type of contract is nearly always involved, whether a salesperson is promising to sell a property within a specified period of time, a prospective buyer is placing an offer on a house or a seller is considering an offer on property.

Before entering into a legally binding agreement, real estate professionals must fully understand the contracts that govern their industry. Failure to understand contracts opens a licensee to various kinds of liability and can seriously damage one’s professional reputation. Therefore, it is vital that real estate professionals learn this material so that they can protect themselves against errors, oversights and misunderstandings.

In this module you will learn about the types of general contracts as well as the different kinds of real estate contracts. The module provides the student with an overview of the various types of contracts: bilateral, unilateral, implied, express, executed, executory, valid, void, voidable and unenforceable. Once the student is introduced to the different types of contracts, he or she learns what makes a contract legally enforceable, this being the five components that make a contract valid: mutual assent, legally competent parties, consideration, lawful objective and adherence to a statute of frauds.

TOP

Environmental Hazards

This course covers major environmental hazards. Licensees need to familiarize themselves with environmental issues because they have a responsibility to disclose to buyers any information that might affect their decision to buy. Environmental hazards can dramatically affect a property’s value, so buyers, sellers, lenders and licensees all can be affected by them.

Students will learn throughout this course to identify internal and external environmental issues. They will learn about health hazards, environmental legislation, liability and responsibility for cleanup and protection. They will also learn about actions they should take and how issues affect licensees and lending. Licensees are not expected to be environmental experts, but in this course students will acquire a competency with environmental issues which will help them to elucidate issues for buyers, sellers and lenders. Knowledge of environmental issues also will help protect them from charges of nondisclosure.

The conclusion of this course presents real world dilemmas and applications of the information presented. As the student completes this course, he or she should try to paint a big picture of environmental issues, which the course will address with comprehensive content questions, practices and case studies.

TOP