WCAR Sponsored Classroom Training

By attending this 3.75 hour course, real estate students will be exposed to the laws regulating license activity called Chapter 82. By reviewing these statutes, licensees will be more aware of their standards of performance expected by law. Consequences can be severe and carry stiff penalties like financial fines, gross misdemeanor charges and more. Agents will learn about the requirement for providing Agency Disclosures at substantive contact and the protections afforded to consumers so that all consumers are treated fairly. This course satisfies one hour of agency and one hour of fair housing. Class has been approved for 3.75 hours of real estate continuing education by the MN Dept of Commerce. Course ID 1033897 

Learning objectives

• Understand the consequences imposed by the state Regulatory Body
• Review the laws regulating the real estate industry
• Recognize the need to make Agency Disclosures
• Learn about the protected classes and the prohibitions

In this 3.75-hour class, agents will learn intermediate skills in handling some commercial transactions. It’s been said there are two unavoidable things in life-death and taxes. In real estate, taxes are a fact of life. From foreign investors to capital gains, there are methods of deferring income taxes that are explained. Class has been approved for 3.75 hours of real estate continuing education by the MN Dept of Commerce. 

Appraisal assignments are requested for a variety of intended uses. For residential appraisers the most common intended use is mortgage lending, and many (residential) appraisers decline appraisal requests for intended uses that may result in litigation. However, even a mortgage lending assignment may result in the need for an appraiser to become involved in the legal system, as a witness or as a defendant. Issues such buyer remorse, contamination, structural deficiencies, easements and bias have been referenced in allegations against appraisers. This course is designed to acquaint an appraiser with factors to consider when/if the appraiser is subpoenaed to appear in court.  This course has been approved by the Minnesota DOC for 4.0 hours of Appraiser and Real Estate CE.

There has been an upward trend in the number of Reconsideration of Value requests received by appraisers in recent years, for a variety of reasons. This seminar explores why such requests may occur  including potential deficiencies in an appraisal report  and how and to whom an appraiser can professionally respond. USPAP references are also cited. This course has been approved by the Minnesota DOC for 2.0 hours of Appraiser and Real Estate CE.

While appraisers recognize there is a section in the Uniform Standards of Professional Appraisal Practice (USPAP) document titled Frequently Asked Questions (FAQ) few appraisers explore the hundreds of Q&As in this section of USPAP. Several of those FAQ which apply to many appraisal assignments are selected for review and discussion in this class. This course has been approved by the Minnesota DOC for 2.0 hours of Appraiser and Real Estate CE.