Introduction
• Requirements
• Overview of Course
Section 1 - What is Real Estate
Chapter 1 – Real Estate Business
- National
- Real Estate Professions
- Real Estate Brokerage
- Professional Organizations
- Regulation and Licensing
- Hawaii - Basic Real Estate Concepts in Hawaii
- History of Hawaiian Real Estate
- Hawaii Today
Chapter 2 – Rights in Real Estate
- National
- Real Estate as Property
- Real vs. Personal Property
- Regulation of Real Property Interests
Chapter 3 – Interests and Estates
- National
- Interests and Estates in Land
Chapter 4 – Ownership
- National
- Sole Ownership
- Co-ownership
- Trusts
- Condominiums
- Cooperatives
- Time-shares
- Planned Development Housing and Subdivisions
- Hawaii
- Property Ownership and Interests in Hawaii
- Multi-Family Housing and Subdivisions in Hawaii
Chapter 5 – Encumbrances and Liens
- National
- Encumbrances
- Easements
- Encroachments
- Licenses
- Deed Restrictions
- Liens
- Foreclosure
- Hawaii - Encumbrances, Restrictions, and Appurtenances in Hawaii
- Easements
- Liens
- Mineral Rights
- Invasive Species
- Historic Sites
- Public Access Shoreline Hawaii (PASH)
- Shoreline Property
Chapter 6 – Real Estate Taxation
- National
- Taxing Entities
- Ad Valorem Taxation
- Special Assessments
- Tax Lien Enforcement
- U.S. Taxes Due when a Property is Conveyed
- Tax Liability
- Gains Tax Exclusion
- Foreign Investment in Real Property Tax Act (FIRPTA)
- Hawaii – Taxes in Hawaii
- Real Property Taxes
- Conveyance Tax
- Hawaii Real Property Tax Act (HARPTA)
- Taxes on Rental Income
Chapter 7 – Legal Descriptions
- National
- Methods of Legal Description
- Describing Elevation
- Hawaii - Property Description in Hawaii
- Metes and Bounds
- Plat and Parcel System
- Tax Map Key (TMK)
Chapter 8 – Land Use Planning and Control
- National
- Real Estate Planning
- Public Land Use Control
- Private Land Use Control
- Environmental Controls
- Hawaii – Land Use Controls in Hawaii
- Zoning
- Ohana Dwellings
- Family Child Care Homes (FCCH)
Section 2 - Licensing Laws and the Regulation of Real Estate, Agency Laws
Chapter 1 – The Brokerage Business
- National
- Function and Organization
- The Broker-Salesperson Relationship
- Operating a Real Estate Brokerage
- Business Brokerage
- Syndications and Securities Brokerage
Chapter 2 – Agency
- National
- The Agency Relationship
- Fiduciary Duties
- Forms of Real Estate Agency
- Agency Disclosure Rules
- Hawaii – Agency and Brokerage Relationships in Hawaii
- Agency
- Fiduciary Duties
- Independent Contractor
- REALTOR® Code of Ethics and Standard of Practice
Chapter 3 – Real Estate Licensing and Regulation
- National
- State License Law
- Obtaining a Real Estate License
- License Regulation
- Hawaii – Licensing Laws in Hawaii
- HRS Chapter 436B – Uniform Professional and Vocational Licensing Act
- HRS Chapter 467 – Real Estate Brokers and Salespersons
- HAR Title 16 Chapter 99 – Real Estate Brokers and Salespersons
Chapter 4 – Listing Agreements
- National
- Review of Legal Foundations
- Types of Listing Agreement
- Fulfillment and Termination
- Listing Agreement Clauses
- Property Condition Disclosure
- Hawaii – Listing Agreement and Disclosures for Hawaii
- Exclusive Right to Sell Listing Agreement
- Mandatory Seller Disclosures in Residential Real Estate Transactions
- De Minimus Structure Posistion Discrepancies
- Sex Offender Registration and Notification Act
- Statute of Limitations
Section 3 - Real Estate Contracts
Chapter 1 – Real Estate Contract Law
- National
- Contract Validity and Enforcement
- Contract Creation
- Classifications of Contracts
- Contract Termination
Chapter 2 – Contracts for the Sale of Real Estate
- National
- Sale Contract
- Sale Contract Provisions
- The Option-to-Buy Contract
- Contract for Deed
- Hawaii – Real Estate Contracts and Related Laws in Hawaii
- Standard Forms
- Purchase Contract
- Agreement of Sale
- Plain Language Act
Section 4 - Financing Real Estate and Estimating Value
Chapter 1 – Real Estate Finance
- National
- Anatomy of Mortgage Lending
- Initiating a Mortgage Loan
- Qualifying for a Mortgage Loan
- Closing a Loan
- Laws Affecting Mortgage Lending
- The Mortgage Market
- Types of Real Estate Loans
- Mortgage Lien Foreclosure
- Hawaii – Real Estate Finance in Hawaii
- Usury
- FHA & VA Loans
- Hula Mae Loans
- Employee Retirement System (ERS) Loans
- Reverse Mortgage
- Foreclosure
- Mortgage Rescue Fraud Prevention Act
- Broker Price Opinion
Chapter 2 – Appraising and Estimating Market Value
- National
- Real Estate Value
- Appraising Market Value
- Sales Comparison Approach
- Cost Approach
- The Income Capitalization Approach
- Regulation of Appraisal
- Hawaii
- Property Evaluation in Hawaii
Section 5 - Transfer of Title, Closing the Transaction
Chapter 1 – Transfer of Title
- National
- Title to Real Estate
- Deeds of Conveyance
- Wills
- Involuntary Title Transfer
- Title Records
Chapter 2 – Closings
- National
- The Closing Event
- Real Estate Settlement Procedures Act
- Financial Settlement of the Transaction
- Computing Prorations
- HUD-1 Uniform Settlement Statement
- Reporting Requirements
- Hawaii – Transfer of Title, Escrow, and Closings in Hawaii
- Bureau of Conveyances
- Land Court
- ALTA Policy
- Escrow
- Good Funds Act
- Homeowner’s Insurance
Section 6 - Leasing, Ethics, Fair Housing, Real Estate Investment & Market
Chapter 1 – Real Estate Leases
- National
- Leasehold Estates
- The Lease Contract
- Types of Lease
- Default and Termination
- Hawaii – Leasehold Estates and Property, Residential Landlord Tenant Code in Hawaii
- Leasehold Estates
- Hawaii Residential Landlord Tenant Code
Chapter 2 – Ethics: Laws and Practices, Fair Housing
- National
- Aims
- Fair Housing Laws
- Professional Practices
- Other Professional Practices
- Hawaii – Anti-Discrimination Laws in Hawaii
- HRS Chapter 515 – Discrimination in Real Property Transactions
Chapter 3 – Real Estate Investment
- National
- Investment Fundamentals
- Real Estate as an Investment
- Real Estate Investment Entities
- Taxation of Real Estate Investments
Chapter 4 – Real Estate Market Economics
- National
- The Market System
- Real Estate Market Dynamics
Section 7 - Mathematics for Real Estate
- Conversions for Fees and Commissions
- Prorations at Closings
- Appreciation, Depreciation, and Net Proceeds
- Property Sizes and Dimensions
- Common Mortgage and Lending Calculations