MINNESOTA Real Estate CE , Mortgage CE , Title Insurance
and Escrow and Professional Development
Sponsor # 8694
Real Estate Continuing Education Minnesota Statutes 82.22
Minnesota Real estate license continuing education-MCE
All real estate salespersons and all real estate brokers shall be required to successfully complete 30 hours of real estate continuing education, either as a student or a lecturer, in courses of study approved by the commissioner, during the initial license period and during each succeeding 24-month license period. At least 15 of the 30 credit hours must be completed during the first 12 months of the 24-month licensing period. Licensees may not claim credit for continuing education not actually completed as of the date their report of continuing education compliance is filed.
As part of the continuing education requirements of this section, the commissioner shall require that all real estate brokers and salespersons receive (1) at least one hour of training during each license period in courses in laws or regulations on agency representation and disclosure; and (2) at least one hour of training during each license period in courses in state and federal fair housing laws, regulations, and rules, other antidiscrimination laws, or courses designed to help licensees to meet the housing needs of immigrant and other underserved populations. Clauses (1) and (2) do not apply to real estate salespersons and real estate brokers engaged solely in the commercial real estate business who file with the commissioner a verification of this status.
PLEASE NOTE: The above Requirements are subject to change.
Always check your state's requirements
MN 15 hour CE Package #1 with Agency
and Fair Housing 15 Hrs $89.00
MN 15 hour CE Package #2 with Agency
and Fair Housing 15 Hrs $89.00
1031 Exchanges
Agency
Asset Management
Closing and Settlement Costs
Code of Ethics
Deeds
Environmental Hazards
Fair Housing
Home Inspection
Liens, Taxes & Foreclosures
Property Management
Real Estate Finance
Tax Favorable Real Estate Transactions
Titles and Records
Ethics for Mortgage Professionals 2.0
Real Estate Math 3
Closing and Settlement Costs 3.0
Real Estate Finance 4.0
Fair Housing 4
The Appraiser's Role 6
Fundamentals of Mortgage Lending 15.0
Gramm Leach Bliley Act 1.0
Business Writing 3.0
Fair Housing 3.0
Understanding an Appraiser's Role 3.0
Estate Planning - Basic 3.0
Estate Planning - Advanced 3.0
Managing Corporate Records 3.0
Real Estate Math 3
Closing and Settlement Costs 3.0
Fair Housing 4
The Appraiser's Role 6
1031 Exchanges 6.0
Fundamentals of Mortgage Lending 15.0
Sales Negotiations Package 19.0
Gramm Leach Bliley Act 1.0
Creating Value Through Innovation 1.0
Workplace Violence 1.0
Consumer Protection Law 1.0
Managing Corporate Records 1.0
Evaluating Financial Performance 2.0
Dealing with Conflict and Confrontation 2.0
Dealing with Difficult People 2.0
Qualified Retirement Plans and IRAs 2.0
Anti-Money Laundering 2.0
Capital Budgeting Analysis 2.0
Qualified Retirement Plans and IRAs 2.0
The Management of Capital 2.0
RESPA 2.0
Understanding Economic Components 3.0
Asset Management 3.0
Commercial General Liability Insurance 3.0
Business Writing 3.0
Understanding an Appraiser's Role 3.0
Wills and Trusts 3.0
Appraisal Basics for Real Estate Agents 3.0
Estate Planning - Advanced 3.0
Estate Planning - Basic 3.0
Fair Housing 3.0
Introduction to Commercial Real Estate 3.0
Analyzing Financial Statements Advanced 3.0
Understanding Securities Trading 3.0
Annuities 3.0
Arbitration and Mediation 3.0
Corporate Pension Plans 3.0
Investment Analysis 3.0
Investment Risk and Policy 3.0
Life, Health, Disability and Long Term Care 4.0
Prospecting, Selling & Closing 4.0
1031 Exchanges 4.0
Margin Accounts 5.0
Understanding Different Types of Security Investments 5.0
Equities 5.0
Creating Value Through Financial Management 6.0
Introduction to Property and Casualty and the
Insurance Contract 6.0
Employment Law 6.0
Estimating the Gross Living Area 6.0
Agency Operations 6.0
Negotiations- Reading People 6.0
Understanding the Rules of NASD 6.0
Negotiations- Effective Communication 6.0
Negotiations- Negotiations 7.0
Property Insurance 8.0
Building a Real Estate Practice 30.0
Sample Course Descriptions
PACKAGE DESCRIPTION:
This package is comprised of the following courses
- Agency (4 hours)- Meets Agency Law CE Requirements
- Fair Housing (4 hours)
- Tax Favorable Real Estate Transactions (4 hours)
- 1031 Exchange (3 hours)
Course Descriptions :
Agency: This course explains how agency is created and defines the various agency relationships that exist. Learn how to discern the differences between the real estate licensees’ fiduciary duties to clients and their six general duties to customers.
Fair Housing: This course covers broad issues on fair housing laws. Specifically, the student will learn: what fair housing laws exist, what classes of individuals are covered under these laws, how discrimination is defined in real estate, how can one avoid discriminating practices, and what the consequences are for non-compliance with fair housing laws.
Tax Favorable Real Estate Transactions: We will discuss the application of current tax advantages of using both qualified and non-qualified tax products such as IRA’s, SEP IRA, 401k, Roth IRAs and charitable gift annuities. The use of these applications will provide the real estate professional with the opportunity to create a long standing and profitable relationship with his or her clients, as well as attracting a more sophisticated investor wishing to find an alternative to 1031 exchanges.
1031 Exchange: This course explains the benefits of the 1031 exchange for the investor, licensed real estate agent/broker and other parties. Learn what qualifies under Section 1031 and how to utilize the various exchange formats to enhance your clients' position in the investment real estate market.
PACKAGE DESCRIPTION:
This package is comprised of the following courses
- Agency (4 hours)- Meets Agency Law CE Requirements
- Fair Housing (4 hours)
- Property Management(4 hours)
- Asset Management(3 hours)
Course Descriptions :
Agency: This course explains how agency is created and defines the various agency relationships that exist. Learn how to discern the differences between the real estate licensees’ fiduciary duties to clients and their six general duties to customers.
Fair Housing: This course covers broad issues on fair housing laws. Specifically, the student will learn: what fair housing laws exist, what classes of individuals are covered under these laws, how discrimination is defined in real estate, how can one avoid discriminating practices, and what the consequences are for non-compliance with fair housing laws.
Asset Management: This module provides an introduction to the basics of asset management. It introduces the student to the key ideas and concepts of management as well as the techniques a manager will use to evaluate the market and evaluate the financial impact of alternatives in order to make properly informed decisions. The student will learn how to handle distressed properties and how to successfully market a revenue-increasing strategy.
Property Management: This course covers the property manager’s basic functions, including administrative duties, leasing practices and the manager’s legal relationships with the owner and the tenants of the property. The course also discusses the way to construct a management agreement so that the manager and the owner clearly understand one another's roles. Licensees will benefit from understanding the various types of property management, as well as the duties that successful property managers must perform.
Deeds
COURSE DESCRIPTION:
A deed is one of the most common instruments of title conveyance and all real estate professionals need a clear understanding of a deed’s use and purpose.
Upon completion of the course, the student will be able to:
- List the general requirements of a legally enforceable contract
- Describe the difference between title and deed
- Explain the basic use and purpose of deeds.
- Identify the required elements of a deed
- Recognize the different types of deeds and identify what type of deed should be used, depending on the quality of estate and condition of title to be transferred
- Distinguish between the role of a real estate professional from the role of a licensed attorney
- Understand law pertaining to title conveyance
Titles and Records
COURSE DESCRIPTION:
Recording real property documents in the public record gives the public access to information they may need in order to clarify the condition of the title to a property. The simple process of recording helps trace the history of the title by tracking past and current owners of the title as well as any previous liens and encumbrances placed on the title. The act of recording real property documents allows grantors to warrant grantees a valid deed conveyance and smooth purchase transaction and to provide proof of ownership in case any future complications arise. This course includes the following lessons
- Public Records and Recording
- Titles
- Title Transfers
- Real Estate Practice
The terms title and deed do not mean the same thing; therefore, individuals cannot use the terms interchangeably. The title refers to ownership of a property or parcel of real estate whereas the deed refers to the document that transfers the ownership property from the grantor to the grantee. This course will explain the process of recording, give examples of public records and describe the different deeds of conveyances. The different lessons in this course work together to help grantors and grantees avoid any future complications concerning the ownership rights to a property or resolve any disputes that arise.
LEARNING OBJECTIVES
Upon completion of this course, the student will:
- Understand the process of recording
- Recognize different types of public records
- Know the methods of property conveyance
- Recognize the difference between constructive and actual notice
- Be able to identify evidence of titles.
- Be able to explain title insurance and coverage
- Recognize the different types of property ownership
- Be able to differentiate between the various types of deeds
Minnesota Real estate continuing education-MCE online classes. Minnesota mortgage ce online classes. Minnesota title insurance & escrow online classes.
Sample Course Descriptions - Mortgage CE
Ethics for Mortgage Professionals
This course approved under Agentcampus with course approv. #TSLD-119-2005-03C.
Course Description
This course covers the basic concept of ethics with a detailed definition and what it entails. Further, it will discuss the role of ethics in our personal as well as professional lives and the challenges faced. The course also touches on the core ethical values and how rationalization is used as a common tool. Finally, it will describe the framework of ethical decision-making and conclude with a brief discourse on ethics and conflict of interests.
Learning Objectives
At the end of the course, the student will be able to:
Define ethics and emphasize on the various principles involved.
- Discuss the ways in which we can incorporate ethical values in our personal and professional lives.
- Briefly define the major themes in ethical philosophy.
- Fully understand the core ethical principles and values and the use of rationalization.
- Elaborate on the framework for ethical decision-making.
- Define the key elements of a conflict of interest.
Fundamentals of Mortgage Lending
Course Description
This course provides an introduction to the basics of mortgage lending, from qualifying the borrower and qualifying the property in the underwriting process, to the various types of financing available, to closing the sale. The course begins with a discussion of the forces that control the market: supply, demand and the government. The student will learn the varied methods of real estate finance. Lenders run risks in making real estate loans; for this reason, they must have a firm grasp of a borrower’s financial qualifications. They consider a borrower’s income, credit, debt, source of funds and net worth. However, no analysis, no matter how thorough, of a borrower’s creditworthiness can be enough to make a loan free of risk. The second lesson introduces the different legislation related to real estate mortgage of which the student must have a fair knowledge. The third lesson describes the mortgage market and the way it is divided into primary and secondary lenders.
The student will learn how title, the abstract ownership rights to the property, is transferred to the buyer with a deed. The earnest money contract will also be discussed: terms of the contract, contingencies and earnest money deposits. In lesson five, the focus turns to closing. The student will learn the customary costs involved in a real estate transaction, how certain items are prorated between the buyer and the seller and the requirements set forth by the Real Estate Settlement and Procedures Act (RESPA).
Lesson six discusses foreclosure. It considers what happens when a borrower is in default of the mortgage contract and how lenders may help borrowers prevent foreclosure through forbearance, moratoriums and recasting. Also discussed is how, when these techniques fail, the property is foreclosed and sold at auction and how the creditors are repaid.
The module continues with the types of mortgages available. The seventh and eighth lesson discuss the elements of conventional loans—conforming and nonconforming—adjustable rate, graduated payment, growth equity and reverse annuity mortgages, to name a few. The advantages and disadvantages of each type of financing are emphasized so that the student may better understand the decision-making process inherent in real estate finance.
Two specific types of financing, FHA-insured and VA-guaranteed loans are reserved for separate lessons. FHA loans are insured by the government and perceived as less risky by lenders. They are available to all natural and naturalized U. S. citizens, but they carry a monthly insurance premium that cannot be canceled. VA loans are guaranteed in part by the government, but are only available to veterans, active servicemen and certain national guardspersons and special reservists.
At the end of each lesson, the student will be asked to complete a quiz that tests the information covered in that lesson in order to move on to the next lesson. The course ends with a real world practice lesson that brings together the concepts and material discussed throughout the entire course.
Learning Objectives
Upon completion of this module, the student will:
- Understand how the forces of supply and demand in the real estate market affect and are affected by the primary lending market.
- Know how the government influences real estate finance through agencies like the Federal Reserve and the Department of Housing and Urban Development.
- Understand the basic concepts of real estate finance.
- Know the principal instruments of financing—the promissory note, the mortgage and the deed of trust—and how they are used.
- Understand how interest rates affect the real estate market.
- Know who lends money to the purchasers of real estate.
- Be familiar with the operations of the secondary market for loans.
- Know how to calculate the monthly payments for a fully amortized, fixed-rate loan.
- Be familiar with the tax deductions and credits associated with real estate ownership.
- Know the use of and legal requirements placed upon escrow accounts.
- Know the difference between lien theory and title theory states.
- Know what a discount point is, when it is offered and when it should be bought.
- Be familiar with what an underwriter looks for in approving a loan.
- Be familiar with the elements of a credit report and how FICO® scores affect a consumer’s borrowing ability.
- Be familiar with the provisions of the federal legislation that affect real estate lending: the Fair Credit Reporting Act, the Equal Credit Opportunity Act and the Truth in Lending Act.
- Know the use and the method of calculation of a lender’s qualifying income ratios.
- Be familiar with the classification of types of debts.
- Understand the role of mortgage brokers and loan officers in the financing process.
- Know the difference between constructive and actual notice and the buyer’s obligations under the principle of caveat emptor.
- Be familiar with the lender’s requirements for qualifying the title and how a title insurance company verifies that a mortgagee will have the first lien through a title search.
- Know the purpose and content of an earnest money contract and the earnest money deposit.
- Know what a deed is and the types of interest it can convey.
- Be familiar with the exceptions and reservations that can be placed upon a title.
- Be familiar with the RESPA requirements for closing procedures and disclosures at closing.
- Know the basic organization of face-to-face and escrow closings: who presides over them and how transactions are conducted.
- Know the principles of proration: calendar years and banker’s years, as well as prepaid items, accrued items and how to divide them by calculating a daily rate.
- Know the current Fannie Mae and Freddie Mac loan limits.
- Understand private mortgage insurance: when it is required, when it is advisable and when it is cancelable.
- Know the requirements for a borrower’s financial qualifications in a conforming loan.
- Be familiar with the different types of mortgages, including ARMs, GEMs, GPMs and balloon mortgages.
- Understand the use and purpose of temporary and permanent buydowns.
- Be familiar with the most important FHA programs, especially Section 203(b).
- Know the various underwriting requirements for FHA-insured loans, such as down payment and closing cost requirements.
- Understand the FHA’s mortgage insurance premium (MIP) and how it is different from PMI.
- Be familiar with the key elements of the VA loan guarantee program.
- Know who is eligible for the VA program and the documents required for proving one’s eligibili
- Know the current amount of a veteran’s maximum entitlement and how to calculate remaining entitlement.
- Be familiar with Fannie Mae’s Desktop Underwriter and Freddie Mac’s Loan Prospector electronic underwriting programs.
Cities Served
Minnesota Real estate continuing education-MCE online classes. Minnesota mortgage ce online classes. Minnesota title insurance & escrow online classes. Includes real estate broker ce online classes & fundamentals of mortgage lending
Minnesota
Real Estate
CE,Title Insurance/Escrow , Professional Development & Mortgage CE
3.0
4.0
3.0
4.0
6.0
2.0
4.0
4.0
3.5
3.5
4.0
4.0
4.0
3.0
$ 30.00
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$ 30.00
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$ 60.00
$ 20.00
$ 40.00
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$ 30.00
Minnesota Real estate continuing education-MCE online classes. Minnesota mortgage ce online classes. Minnesota title insurance & escrow online classes.. Includes real estate broker ce online classes & fundamentals of mortgage lending
Online SchoolRoom. All Rights Reserved
$20.00
$30.00
$30.00
$40.00
$40.00
$60.00
$125.00
Real Estate Classes
$15.00
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$60.00
$60.00
$125.00
$120.00
$15.00
$15.00
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$15.00
$15.00
$20.00
$20.00
$20.00
$20.00
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$30.00
$40.00
$40.00
$40.00
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$40.00
$45.00
$40.00
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$45.00
$50.00
$150.00
