Ohio CE 15 Hour Package - 15.0 Hrs
This package is composed of the following courses:
- Tax-Favorable Real Estate Transactions (4) (Elective)
- Real Property Ownership and Land Use (4) (Elective)
- Property Management (4) (Elective)
- Using the Internet to Serve Clients (3) (Elective)
Contracts, Purchase and Sales Agreements 4 Hrs
Property Management 4 Hrs
Real Property Ownership and Land Use 4 Hrs
Tax-Favorable Real Estate Transactions 4 Hrs
Ohio Real Estate Continuing Education-MCE
30 hours of continuing education is due every three years from the licensee's birth date. These credit hours include three state required courses
totaling 9 of the 30 hours
The remaining 21 credit hours are student electives comprised of the Ohio Division of Real Estate approved courses.
PLEASE NOTE: The above Requirements are subject to change. Always check your state's requirements
Sample Course Descriptions
Titles and Records
Recording entails the placement of a document into the public record. This process is necessary because it allows sellers to guarantee potential buyers of a valid title conveyance by presenting records that reveal a clean and good title. The county clerk’s office maintains the public record, which is comprised of libers. This is where individuals can file or access documents pertaining to real estate interests, conveyances, liens, encumbrances, etc.
In accordance with TREC rules Sections 535.71 and 535.72D, this module will cover how to record public documents and the importance of doing so. In addition, it will outline the priority that recorded documents hold, as well as why either constructive or actual notice is important and the difference between the two.
Upon completion of this module, students will be better equipped to assist customers and clients through the home-finding and marketing steps of the real estate transaction, as well as through closing. In addition, students will understand why it is important to tell consumers to obtain abstracts and why they should have the abstracts reviewed by a licensed attorney.
Upon completion of this module, 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
Ohio CE 15 Hour Package 2
This package is composed of the following courses:
- Tax-Favorable Real Estate Transactions
- Real Property Ownership and Land Use
- Using the Internet to Serve Clients
Approved Course Number(s):
Using the Internet to Serve Clients
The real estate industry, along with many other industries, is being revolutionized by the Internet. As time goes on, increasing numbers of people gain access to the Internet and use it to satisfy their real estate needs. To avoid being left behind, real-estate professionals need to cultivate an online presence.
In this module students will learn about the Internet and how it has affected the real estate industry. Students will also learn about the elements of Web sites and how to market themselves and their sites on the Internet. The final lesson teaches students to communicate effectively over email.
The conclusion of this module presents real world dilemmas and applications of the information presented. As the student completes this module, he or she should try to paint a big picture of Internet issues, which the module will address with comprehensive content questions, practices and case studies.
Fundamentals of Mortgage Lending
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.
Ohio Real estate continuing education-MCE online classes