Property managers face numerous challenges in the day-to-day operations of the properties they manage.

One of the best risk reduction tools available to property managers involves taking courses designed to maximize knowledge in key areas of liability. Property managers often work with individuals who are complete strangers. Useful websites provide an excellent resource to access vital information regarding criminal activity, as well as any connection a rental prospect may have to sex offender sites.

This course will explore several laws that are relevant to property management, such as the Fair Housing Act. Property managers must stay informed of current changes to existing laws to ensure they are in compliance. Past students have raved about the safety tips presented in Property Management Essentials.

Topics Include:

• Stigmatized property and Megan’s Law
• Illegal drug activity
• Safety tips
• Lead-based paint disclosure
• Uniform Owner/Resident Relations Act update
• Fair Housing and property management

This course is a core elective.

So, you decided to become a Property Manager?  What do you do now?

Starting your business in property management, you must understand the requirements and obligations to both the property owner and the tenant…not only to protect each party, but to protect yourself as well.

As a broker, you will walk away from this course with a better understanding of how to set up and operate a property management business. You will gain a basic understanding of the New Mexico Real Estate Commission Rules, the Uniform Owner/Resident Relations Act, as well as local, state, and federal laws that pertain to the business of property management. Not only will you need to have an understanding of the laws and the acts that govern property management, you will need a keen understanding of people. Brokers need to have the ability to deal with issues and complaints from both the tenants and the property owners that are represented. This course will lead you into the right direction for setting up your business.

Topics Include:

• Establishing the management relationship
• Establishing the proper trust account
• Establishing owner/property and unit files
• Reports to owners and reconciliation of accounts
• Inspecting the units
• Rights and obligations of the landlord and the tenant
• Tenant relations
• The court (eviction) process
• Risk management issues

What rules do you have to follow when conducting real estate transactions?

This course will review the rules of the New Mexico Real Estate Commission that apply to all brokers in New Mexico. It will cover the statutory basis for licensure and the rules of the New Mexico Real Estate Commission. A relatively large portion of this course is designed to assist you in using the rules book to look up answers to your questions in the field.

Rules of the Real Estate Commission is designed to be interactive to maximize its benefit to you. It is structured around five modules, and your instructor will lead you through each module and encourage participation.

Topics Include:

• Statutory authority
• Structure of the rules
• Review of the most frequently encountered rules
• Rules case study

This course is a core elective.

How is your property held? Are you the sole owner, or is there more than one owner?

Questions like these need to be answered to effectively create estates and transfer title to real property.  This class will give you an all-inclusive study of transferring title effectively and correctly. You will learn about methods of creating estates correctly, the time-honored rules for safe and sound conveyances of title, and examples of title chains where things have gone wrong.

Topics Include:

• Essential elements
• The Five Covenants
• Doctrine of interpretation
• Life estates
• Executing and acknowledging conveyances

All associate brokers must complete this course within their first year of licensure!

This 30-hour course is required of all new associate brokers licensed for the first time on or after January 1, 2009. Effective January 1, 2012, this must be completed within the first year of licensure. This course will provide you with the knowledge and skills necessary to begin your real estate career with confidence. Real estate is a profession, and this course is designed to apply the information to your particular real estate practice. Positioning yourself with solid business process and best practices will help you succeed as a real estate professional.

New Broker Business Practices covers everything from the basics of establishing a real estate business to the successful closing of a transaction. It is presented in a format that will facilitate your learning in a systematic approach. Jump-start your real estate career by attending this class as soon as possible after receiving your license. 

Topics Include:

• Prospecting
• Creating a database and business plan
• Working with buyers: important first steps and the purchase agreement
• Working with sellers: important first steps and the listing process
• Making the sale: presenting and negotiating offers and counteroffers
• Closing the transaction

The NMREC Core Course replaces the NMREC Mandatory Course.  This course will need to be completed annually to maintain your license.

All licensees must take the 4-hour NMREC Core Course to renew their real estate license.  This 4-hour course is an annual required course and must be completed each year of your license renewal. This course is designed to be interactive to maximize its benefit to you. 

Topics Include:

• A review of E & O claims and how our industry can reduce them
• Score brokers on the broker duties in an interactive case study where we watch a deal unravel, unfold and play out
• The latest legal updates on a federal, state, local level
• Rule changes from the New Mexico Real Estate Commission
• How to improve the QB/QB relationship via the independent contract agreement
• Latest changes to Broker duties

The course category is mandatory.

Real estate is still one of the best investments available anywhere.
This introductory course can open the door for you to the lucrative investment real estate market. If you are unfamiliar with selling residential real estate as an investment, you’ll get a step-by-step guide to the fundamentals you need to get started.

This course focuses on the basic investment concepts in residential real estate investments. From the beginner in real estate to the seasoned professional, you will gain a better understanding of the role of real estate in an investment portfolio. You will also learn the advantages and disadvantages of real estate as an investment vehicle, as well as the difference between equity and debt investments. Finally, you will learn several methods for the evaluation of residential real estate investments. In short, you’ll discover new opportunities for you and your investors.

Topics Include:

• Tax advantages
• Cash flow analysis
• Investment property financing and management
• Exchanges
• Real estate tax law

How is real property described?

This class will show the student how to describe real property.  Students will be given examples of why a Survey is important and the regulations that oversee them.  We will cover the different types of Surveys and their purpose.  You will gain an understanding of preparing for a survey, how to read them and how Title searches fit into the process.

Topics Include:

• How is Real Property Described
• Why get a Survey
• Regulation of Surveyors
• Types of Surveys
• How to read and explain a Survey
• Survey and Title Insurance
• Typical issues addressed/Resolved via Surveys

This course is a core elective.

How do our ethics affect your business decisions?  Working ethically is essential to building your business.

Details:
This course provides an overview of the challenges and obstacles facing those who seek to make ethical considerations an essential part of their business practices.
Will provide attendees opportunities to think through the process from morality, ethics and integrity, with a special emphasis on NAR Code of Ethics.

Topics Include:

• Basic types of ethical reasoning
• Characteristics of business ethics
• NAR “Pathway to Professionalism”
• Code enforcement processes

The course category is education.

Learn how to buy and sell real property without large amounts of cash or a bank loan.

This course will answer the most frequently asked questions by your buyers and seller regarding real estate contracts and owner financing. It will take you step-by-step from listing, to offer, to title company, to escrow company, to the end of the contract. You will learn how to structure a real estate contract to maximize its value.

Seller financing, also known as owner financing and seller carry back has been used for 100 years in New Mexico to buy and sell property.  Learn the ins and outs of the real estate contract and get updated on new laws. Enroll Today!

Topics Include:

• History of Real Estate Contracts
• Recording Facts
• Default Rate
• From Offer to Closeout
• Who Owns the Property?
• Escrow Companies
• Structuring a Contract
• Assuming a Contract
• Wrap-Around Contract

Did you know that the Code of Ethics was revised with additions in January 2008? Are you in your renewal cycle for your quadrennial ethics training requirement? This course will show the changes in the REALTOR^® code of Ethics as well as the Standards of Practices.

The course category is education.

The NMREC Core Course replaces the NMREC Mandatory Course.  This course will need to be completed annually to maintain your license.

All licensees must take the 4-hour NMREC Core Course to renew their real estate license.  This 4-hour course is an annual required course and must be completed each year of your license renewal. This course is designed to be interactive to maximize its benefit to you. 

Topics Include:

• A review of E & O claims and how our industry can reduce them
• Score brokers on the broker duties in an interactive case study where we watch a deal unravel, unfold and play out
• The latest legal updates on a federal, state, local level
• Rule changes from the New Mexico Real Estate Commission
• How to improve the QB/QB relationship via the independent contract agreement
• Latest changes to Broker duties

The course category is mandatory.

This course will show the American National Standard and procedures to be followed in measuring and calculating the square footage of detached and attached single-family houses. It is the purpose of this standard to describe a method of measurement that will make it possible to obtain accurate and reproducible measurements of square footage in single-family houses.

This course is a core elective.

There are many solar systems currently installed in Albuquerque and more are being installed on a daily basis.

Thousands of solar systems in the Greater Albuquerque area and approximately fifty photovoltaic (PV) systems are being installed very month in the Albuquerque area.  Home builders are starting to offer solar as an option or standard feature on new construction.

This class is to help educate the real estate community with some basic knowledge about the different types of solar and how it affects the value of a residential or commercial building.

Topics Include:

• History of Solar
• Different types of solar
• How a solar system works
• Good and bad installations
• Cost of a solar system
• Determining value of a solar system

The NMREC Core Course replaces the NMREC Mandatory Course.  This course will need to be completed annually to maintain your license.

All licensees must take the 4-hour NMREC Core Course to renew their real estate license.  This 4-hour course is an annual required course and must be completed each year of your license renewal. This course is designed to be interactive to maximize its benefit to you. 

Topics Include:

• A review of E & O claims and how our industry can reduce them
• Score brokers on the broker duties in an interactive case study where we watch a deal unravel, unfold and play out
• The latest legal updates on a federal, state, local level
• Rule changes from the New Mexico Real Estate Commission
• How to improve the QB/QB relationship via the independent contract agreement
• Latest changes to Broker duties

The course category is mandatory.

All associate brokers must complete this course within their first year of licensure!

This 30-hour course is required of all new associate brokers licensed for the first time on or after January 1, 2009. Effective January 1, 2012, this must be completed within the first year of licensure. This course will provide you with the knowledge and skills necessary to begin your real estate career with confidence. Real estate is a profession, and this course is designed to apply the information to your particular real estate practice. Positioning yourself with solid business process and best practices will help you succeed as a real estate professional.

New Broker Business Practices covers everything from the basics of establishing a real estate business to the successful closing of a transaction. It is presented in a format that will facilitate your learning in a systematic approach. Jump-start your real estate career by attending this class as soon as possible after receiving your license. 

Topics Include:

• Prospecting
• Creating a database and business plan
• Working with buyers: important first steps and the purchase agreement
• Working with sellers: important first steps and the listing process
• Making the sale: presenting and negotiating offers and counteroffers
• Closing the transaction

How do our ethics affect your business decisions?  Working ethically is essential to building your business.

Details:
This course provides an overview of the challenges and obstacles facing those who seek to make ethical considerations an essential part of their business practices.
Will provide attendees opportunities to think through the process from morality, ethics and integrity, with a special emphasis on NAR Code of Ethics.

Topics Include:

• Basic types of ethical reasoning
• Characteristics of business ethics
• NAR “Pathway to Professionalism”
• Code enforcement processes

The course category is education.

The NMREC Core Course replaces the NMREC Mandatory Course.  This course will need to be completed annually to maintain your license.

All licensees must take the 4-hour NMREC Core Course to renew their real estate license.  This 4-hour course is an annual required course and must be completed each year of your license renewal. This course is designed to be interactive to maximize its benefit to you. 

Topics Include:

• A review of E & O claims and how our industry can reduce them
• Score brokers on the broker duties in an interactive case study where we watch a deal unravel, unfold and play out
• The latest legal updates on a federal, state, local level
• Rule changes from the New Mexico Real Estate Commission
• How to improve the QB/QB relationship via the independent contract agreement
• Latest changes to Broker duties

The course category is mandatory.

Learn the importance of using current forms and how to avoid transaction liability related to using out-sated forms.

This four hour class is designed to provide attendees with a professional working knowledge of the RANM Purchase Agreement and other forms likely to be used with it.

Topics Include:

• Compliance with Part 19 rules
• Parties to the Contract
• Ernest Money
• Appraisal Contingency
• Closing Process
• Inspections
• Disclosures
• Contract Signing
• Addendums
• Responses and Counters

This course is a core elective.

Loan origination is a multi-step process that must take place before a loan processor or underwriter even looks at the loan file.

This course will provide students with valuable information concerning the mortgage loan approval process, terminology, products and program guidelines, sources for mortgage loans, and the industry as a whole.

Topics Include:

• Mortgage fundamentals, sources, process, documentation, terminology and credit
• Eligible properties, income, and assets
• Difference between prequalification, preapproval and final approval
• Basic mortgage loan products and related guidelines
• Mortgage insurance
• Income to debt ratio calculations
• Additional loan product options

The course category is education.

The NMREC Core Course replaces the NMREC Mandatory Course.  This course will need to be completed annually to maintain your license.

All licensees must take the 4-hour NMREC Core Course to renew their real estate license.  This 4-hour course is an annual required course and must be completed each year of your license renewal. This course is designed to be interactive to maximize its benefit to you. 

Topics Include:

• A review of E & O claims and how our industry can reduce them
• Score brokers on the broker duties in an interactive case study where we watch a deal unravel, unfold and play out
• The latest legal updates on a federal, state, local level
• Rule changes from the New Mexico Real Estate Commission
• How to improve the QB/QB relationship via the independent contract agreement
• Latest changes to Broker duties

The course category is mandatory.

Here are 20 cost-effective home improvements that add value and enjoyment for every homeowner.

Homeowners are spending more time and money on fixing up their homes than ever before. In fact, U.S. Census Bureau statistics indicate that maintentance and repairs make up about 30 percent of the expenditures. The other 70 percent is spent for alterations, major replacements, additions, and outside additions and alterations.

This is your guide to 20 home improvements that will maximize resale value. You will learn where the money goes in a typical remodeling job, as well as how much is spent on kitchen and bathroom remodeling, plumbing, HVAC, roofing, and more. Discover tips and ideas to help you communicate with your clients and customers about value-added home improvements.

The course category is education.

Topics include:

• Trends in remodeling spending
• Setting spending priorities
• Maintenance and repairs
• Kitchen and bathroom remodeling
• Avoiding hidden mechanical costs
• Roofing and siding
• Window upgrades that save energy
• Environmental concerns
• Cost vs. value analysis

Solar Photo Voltaic (PV) are increasingly present in New Mexico homes.  Does this represent value?  Can this create difficulties for the transaction?

This course will familiarize you with the impact and potential pitfalls that Solar PV can have on a transaction.  Can Solar PV truly add value?  What must you address in your transactions to protect the public?

Topics Include:

• History of PV in New Mexico
• PV Value, Yes or No
• Questions to ask for listing and buyer brokers