STANDARD COMPETENCIES:

 

 I.      Define the limitations of ownership in real estate.

 II.     Distinguish between the evidences of ownership in real estate.

 III.    Display a basic knowledge of the way real estate can be transferred.

 IV.     Describe ownership in condominiums, cooperatives, and time shares.

 V.      Display a basic knowledge of the law of agency and Colorado brokerage relationships.

 VI.     Describe the basic Colorado statutory relationships.

 VII.    Describe the practical applications of the agency and brokerage relationships.

 VIII.   Demonstrate a knowledge of the law of contracts.

 IX.     Display a working knowledge of legal descriptions.

 X       Compare and describe the valuation of real estate.

 XI.     Demonstrate a basic knowledge of financing of real estate including foreclosure, types of financing, qualifying the buyer, government regulations and illegal financing practices.

 XII.    Prepare documents and estimates relating to settlement procedures.

 XIII.   Demonstrate a working knowledge of the income tax aspects of real estate.

 XIV.    Demonstrate a basic knowledge of the Special Areas of real estate including business opportunities, syndicates and securities, mobile homes, leasing/property management, and fair housing.

 XV.     Demonstrate a knowledge of the application of laws, rules and standard of practices.

 XVI.    Develop and enhance knowledge and awareness of current real estate statutes, regulations, legal issues, developments and practices.

 TOPICAL OUTLINE:

 

 I.      Practical Applications

                 1.      Entering the Field

                 2.      Developing Your Market

                 3.      Establishing a Brokerage Relationship with a Buyer or Seller

                 4.      Showing a Property

                 5.      Preparing and Presenting an Offer

                 6.      The Bumpy Road to Closing

                 7.      Failed Transactions

                 8.      Closing the Transaction

                 9.      Record Keeping Summary

                 10.     Additional Educational Sources

                 11.     Technology

 II.     Real Estate Practice and Law

         A.      Real Property

         B.      Government Controls and Laws Affecting Real Estate

         C.      Valuation and Appraisal

         D.      Real Estate Finance

         E.      Settlement/Closing

         F.      Contracts Agency

 III.    Current Legal Issues [NOTE: Staff of the Colorado Real Estate Commission shall supply on a timely but periodic basis to real estate education providers (shown on its records as authorized to provide this course) certain references, source materials, topics, areas, and direction for the teaching of this course. The Commission staff will periodically specify to the respective schools the various items which will be mandatory in the course coverage.]

         A.      Colorado Real Estate Rules, Regulations, Policies, Position Statements, and instructive Disciplinary Proceedings

         B.      Recent and relevant Federal and State case law and statutory law