Texas Real Estate Salesperson Course

- Time Study -
(6 courses)

RealEstateU®
Table of Contents:

Texas Principles of Real Esatate - Part 1 ............... 3

Texas Principles of Real Esatate - Part 2 ............... 9
Texas Law of Contracts ............................................ 15
Texas Promulgated Contracts .................................. 22
Texas Law of Agnency ............................................... 28
Texas Real Estate Finance ......................................... 34
Texas Real Estate Principles - Part 1
Timed Course Outline

CHAPTER 1
Introduction to Modern Real Estate Practice
(Licensing as a broker and salesperson)
Lesson Time (minutes)
1.0 Chapter Objectives 1:00
1.1 Real Estate – A Business of Many Specializations 22:00
1.2 Education Committee 7:00
1.2.2 Link to TREC License Requirements 2:00
1.3 The Real Estate Market Characteristics of Real Estate 23:00
1.4 Real Estate Law 30:00
1.5 Professional Organizations 6:00
1.5.2 Professional Organizations - Useful Links 6:00
1.6 Real Estate The Business of Value 10:00
1.7 The Purpose of Licensing Law What A Licensee Can and Cannot Do 23:00
1.8.1 TRELA - Subchapters H-J 11:00
1.8.2 The Texas Real Estate Commission and Licensing Requirements 19:00

QUIZ (5 Questions) 10:00

Break 40:00
TOTAL 240:00

CHAPTER 2
Real Property
(Distinctions between personal & real property)
Lesson Time (minutes)
2.0 Chapter Objectives 1:00
2.1 Land, Real Estate and Real Property 14:00
2.2 Personal Property 18:00
2.3 Practical Example Residential Contract 15:00

QUIZ (5 Questions) 10:00

Break 12:00
TOTAL 72:00

CHAPTER 3
Concepts and Responsibilties of Home Ownership
(Titles to and conveyance of real estate)
Lesson Time (minutes)
3.0 Chapter Objectives 1:00
3.1 Types of Home Ownership 17:00
3.1.2 Subdivisions Infographic 6:00
3.2 Tax Benefits for Homeowners 9:00
3.3 Homeowners Insurance 15:00
3.4 Additional Concepts 14:00
3.5 Mortgage Payments Examples 14:00

QUIZ (5 Questions) 10:00

Break 19:00
TOTAL 114:00

CHAPTER 4
Real Estate Brokerage and Law of Agency
(Ethics of practice as a license holder)
Lesson Time (minutes)
4.0 Chapter Objectives 1:00
4.1 The Law of Agency 19:00
4.1.2 Types of Agency Infographic 8:00
4.2 Agency Positions and Disclosure 17:00
4.2.2 Fiduciary Duties Inforgraphic 8:00
4.3.1 Information About Brokerage Services Form 5:00
4.3.2 Brokerage and Nature of the Brokerage Business 31:00
4.4 Fiduciary Duties 14:00
4.5 Texas Deceptive Trade Practices Consumer Protection Act 28:00
4.6 Study Info 3:00

QUIZ (5 Questions) 10:00

Case Study Question #1 10:00
Break 36:00
TOTAL 216:00

CHAPTER 5
Fair Housing Laws
(Federal, State & Local Fair Housing Laws)
Lesson Time (minutes)
5.0 Chapter Objectives 1:00
5.1 Equal Opportunity in Housing 33:00
5.2 Texas Fair Housing Laws 4:00
5.3 Housing Discrimination 17:00
5.4 Housing Credit Discrimination 5:00
5.5 Community Reinvestment 4:00
5.6 The Texas Workforce Commission 15:00
5.7.1 TWC Housing Discrimination Complaint Form 4:00
5.7.2 The TWC Complaint Form 12:00
5.8 HUD and Fair Housing 15:00

QUIZ (5 Questions) 10:00

Case Study Question #2 10:00
Break 30:00
TOTAL 180:00

CHAPTER 6
Ethics of Practice as a License Holder
Lesson Time (minutes)
6.0 Chapter Objectives 1:00
6.1 Professional Ethics 6:00
6.2 Canons of Professional Ethics 14:00
6.2.2 NAR Code of Ethics 3:00

QUIZ (5 Questions) 10:00

Break 6:00
TOTAL 36:00

CHAPTER 7
Texas Real Estate License Act
(Licensing as a broker or salesperson)
Lesson Time (minutes)
7.0 Chapter Objectives 1:00
7.1 Link to TRELA 2:00
7.2.1 Texas Real Estate License Act – Part 1 28:00
7.2.2 Texas Real Estate License Act – Part 2 29:00
7.2.3 Texas Real Estate License Act – Part 3 31:00
7.2.4 Texas Real Estate License Act – Part 4 21:00
7.2.5 Texas Real Estate License Act – Part 5 32:00

QUIZ (5 Questions) 10:00

Break 36:00
TOTAL 216:00

CHAPTER 8
Legal Descriptions
(Legal Descriptions)
Lesson Time (minutes)
8.0 Chapter Objectives 1:00
8.1 Describing Land Legal Description 6:00
8.2 Methods of Describing Real Estate in the U.S. and Texas 15:00
8.2.2 Metes and Bounds Diagram 4:00
8.3 Legal Description and Surveying 20:00
8.4.1 Township Diagram 7:00
8.4.2 Surveying 19:00
8.5 Study Info 8:00

QUIZ (5 Questions) 10:00

Break 20:00
TOTAL 120:00

CHAPTER 9
Real Estate Contracts
(Titles to and conveyance of Real Estate)
Lesson Time (minutes)
9.0 Chapter Objectives 1:00
9.1 Contracts 7:00
9.2 Contracts Used in Real Estate 14:00
9.2.2 Types of Contracts Infographic 5:00
9.3 Elements of a Contract 13:00
9.3.2 Essential Elements of a Valid Contract Infographic 5:00
9.4 Key Concepts for Contracts 9:00
9.4.2 Discharge of Contracts Infographic 5:00
9.5 Breach of Contract 14:00
9.6 Offer and Acceptance 8:00
9.7 Study Info - Part 1 18:00
9.8 Study Info - Part 2 9:00

QUIZ (5 Questions) 10:00

Break 27:00
TOTAL 162:00

CHAPTER 10
Interest in Real Estate
(Deeds, encumbrances and liens)
Lesson Time (minutes)
10.0 Chapter Objectives 1:00
10.1 Historical Background for Interest in Real Estate 15:00
10.1.2 PETE Infographic 4:00
10.2 Estates in Land 24:00
10.2.2 Freehold Estates Infographic 5:00
10.3 Residence as a Homestead 9:00
10.4 Encumbrances 9:00
10.5 Liens 28:00
10.6 Protest Period 7:00
10.7 Taxation and Tax Liens 12:00
10.8 Liens Other Than Taxes 15:00
10.9 Water Rights 15:00

QUIZ (5 Questions) 10:00

Break 36:00
TOTAL 216:00

CHAPTER 11
How Home Ownership is Held
(Titles to and conveyance of Real Estate)
Lesson Time (minutes)
11.0 Chapter Objectives 1:00
11.1 Forms of Ownership 7:00
11.2 Co-ownership 12:00
11.3 Trusts 8:00
11.4 Ownership of Real Estate by a Business 12:00
11.5 Study Info 19:00

QUIZ (5 Questions) 10:00

Break 14:00
TOTAL 84:00

CHAPTER 12
Listing Agreement (REPI)
(Ethics of Practice as a license holder)
Lesson Time (minutes)
12.0 Chapter Objectives 1:00
12.1.1 Residential Real Estate Listing Agreement Exclusive Right to Sell 4:00
12.1.2 Listing Agreement – Part 1 21:00
12.1.3 Types of Listing Contracts Infographic 4:00
12.2 Listing Agreement – Part 2 26:00
12.3 Listing Agreement – Part 3 26:00
12.4 Addenda 4:00

QUIZ (5 Questions) 10:00

Case Study Question #3 10:00
Break 24:00
TOTAL 144:00

COURSE TOTAL 30 Classroom Hours

FINAL EXAM (60 Questions)

Texas Real Estate Principles - Part 2
Timed Course Outline

CHAPTER 1
Real Estate Math
(Real estate mathematics)
Lesson Time (minutes)
1.0 Chapter Objectives 1:00
1.1 Real Estate Mathematics Key Terms & Overview 9:00
1.2 Calculators 9:00
1.3.1 Fractions & Percentages – Part 1 20:00
1.3.2 Fractions & Percentages – Part 2 22:00
1.4 Profit & Interest 21:00
1.5 Amortization & Loan Discounts 22:00
1.6.1 Amortization, Loan Discounts and Prorating – Part 1 19:00
1.6.2 Prorating, Property Taxes & Insurance Premiums – Part 2 17:00
1.7 Measurements 27:00
1.7.2 Tables, Formulas, and Measurements 12:00
1.7.3 Useful Formulas and Numbers 8:00
1.7.4 Area, Volume and Surface Area Formulas 8:00

QUIZ (5 Questions) 10:00

Break 40:00
TOTAL 240:00

CHAPTER 2
Real Estate Appraisal
(Appraisal)
Lesson Time (minutes)
2.0 Chapter Objectives 1:00
2.1 Texas Requirements to Become an Appraiser 23:00
2.2 Key Appraisal Terms 13:00
2.3 Appraising & the Appraisal Process 29:00
2.4 Value 32:00
2.5.1 Three Approaches to Value – Part 1 27:00
2.5.1.2 The Three Appraisal Approaches to Value Infographic 8:00
2.5.2 Three Approaches to Value – Part 2 17:00
2.5.2.2 Depreciation Infographic 7:00
2.6 Pricing a Property 10:00
2.7 Study Info 12:00

QUIZ (5 Questions) 10:00

Case Study Question #1 10:00
Break 40:00
TOTAL 240:00

CHAPTER 3
Real Estate Financing Principles
(Finance & regulations)
Lesson Time (minutes)
3.0 Chapter Objectives 1:00
3.1 Sources of Real Estate Financing and Mortgage Markets 20:00
3.2 Uniform Residential Loan Application 5:00
3.2.1 Application for Credit – Part 1 15:00
3.2.2 Application for Credit – Part 2 11:00
3.2.3 Types of Loans Infographic 8:00
3.3.1 Payment Plans – Part 1 19:00
3.3.2 Payment Plans – Part 2 17:00
3.4.1 Conventional, FHA & VA Loans –Part 1 30:00
3.4.1.2 Loan to Value Ratio Infographic 8:00
3.4.1.3 PITI Infographic 6:00
3.4.2 Conventional, FHA and VA Loans – Part 2 16:00
3.5 Texas Loan Programs 14:00
3.6 Government Influence in Mortgage Lending 16:00
3.7 Other Financing Techniques 6:00
3.8 Financing Legislation 13:00

QUIZ (5 Questions) 10:00

Break 42:00
TOTAL 252:00

CHAPTER 4
Control of Land Use
(Finance & regulations)
Lesson Time (minutes)
4.0 Chapter Objectives 1:00
4.1.1 Land-Use Controls – Part 1 21:00
4.1.1.2 PETE Infographic 8:00
4.1.2 Land-Use Controls – Part 2 21:00
4.2 Public Ownership 8:00
4.3 Interstate Land Sales Full Disclosure Act 2:00
4.3.2 Link to the Interstate Land Sales Full Disclosure Act 2:00
4.4 Environmental Protection Legislation 29:00
4.4.2 HUD Protect Your Family From Lead in Your Home 9:00
4.5 Study Info 9:00

QUIZ (5 Questions) 10:00

Break 23:00
TOTAL 138:00

CHAPTER 5
Specializations
(Licensing as a broker or salesperson)
Lesson Time (minutes)
5.0 Chapter Objectives 1:00
5.1 Leases & Property Management 8:00
5.2 Resort, Investment, Land & Farm/Ranch 9:00
5.3 REO, Short Sale, Auction & Foreclosure 16:00
5.4 Residential & Commercial 6:00
5.5 Commercial Policy / Scope of Authority 5:00

QUIZ (5 Questions) 10:00

Break 10:00
TOTAL 60:00

CHAPTER 6
Real Estate Investments
(Titles to and conveyance of real estate; finance and regulation)
Lesson Time (minutes)
6.0 Chapter Objectives 1:00
6.1 Investing in Real Estate 18:00
6.2 The Investment 16:00
6.3.1 The Benefits – Part 1 20:00
6.3.2 The Benefits – Part 2 21:00
6.3.3 The Benefits – Part 3 11:00
6.3.3.2 Depreciation Infographic 4:00
6.4 Real Estate Investment Syndicates, Investment Trusts and
Mortgage Investment Conduits 14:00

QUIZ (5 Questions) 10:00

Break 22:00
TOTAL 132:00
CHAPTER 7
Leases
(Titles to and conveyance of real estate)
Lesson Time (minutes)
7.0 Chapter Objectives 1:00
7.1 Leasing Real Estate 15:00
7.2 Leasehold Estate 12:00
7.3 Common Lease Provisions 10:00
7.4.1 TAR Residential Lease Application 0:00
7.4.2 Residential Lease Application 17:00
7.5 Landlord & Tenant Act 14:00
7.6 Types of Leases 11:00

QUIZ (5 Questions) 10:00

Case Study Question #2 10:00
Break 19:00
TOTAL 114:00

CHAPTER 8
Property Management
(Licensing as a broker or salesperson; Ethics of practice as a
license holder)
Lesson Time (minutes)
8.0 Chapter Objectives 1:00
8.1 Property Management 27:00
8.1.2 Summary of the Federal Fair Credit Reporting Act 7:00
8.2 Management Considerations 23:00
8.3 The Management Profession 13:00
8.4.1 TAR Commercial Property Management Agreement 10:00
8.4.2.1 Management Agreement – Part 1 17:00
8.4.2.2 Management Agreement – Part 2 17:00

QUIZ (5 Questions) 10:00

Break 24:00
TOTAL 144:00

CHAPTER 9
Estates, Transfers and Titles
(Titles & Conveyance of real estate; deed, encumbrances and
liens)
Lesson Time (minutes)
9.0 Chapter Objectives 1:00
9.1.1 Deeds – Key Terms 11:00
9.1.2 Deeds, Acquisitions & Transfers 32:00
9.1.3.1 Deed Without a Warranty 0:00
9.1.3.2 Deed Without A Warranty 3:00
9.1.3.3a Warranty Deed With Vendor's Lien 5:00
9.1.3.3 Warranty With A Vendor’s Lien 4:00
9.2 Title 15:00
9.3 Public Recording, Recording & Acknowledgment 9:00
9.4 Evidence of Title 22:00
9.5.1 Estate Ownership 29:00
9.5.2 Forms of Ownership in Real Property Infographic 9:00
9.6 Transfer of Decedent’s Property 17:00
9.7 Voluntary and Involuntary Alienation 17:00
9.8 Study Info 11:00

QUIZ (5 Questions) 10:00

Case Study Question #3 10:00
Break 40:00
TOTAL 240:00

CHAPTER 10
Closing Procedures/Closing the Real Estate Transaction
(Closing Procedures)
Lesson Time (minutes)
10.0 Chapter Objectives 1:00
10.1 Pre-Closing Procedures / Closing the Real Estate Transaction 45:00
10.1.2 Link to RESPA 2:00
10.1.3 Loan Estimate 9:00
10.2 Conducting the Closing 27:00
10.3 RESPA / Uniform Settlement Statement 8:00
10.4 Preparation of Closing Statements 32:00
10.5.1 HUD-1 Settlement Statement 9:00
10.5.2.1 HUD-1 – Part 1 18:00
10.5.2.2 HUD 1 – Part 2 19:00
10.5.2.3 HUD 1 – Part 3 25:00

QUIZ (5 Questions) 10:00

Break 40:00
TOTAL 240:00

COURSE TOTAL 30 Classroom Hours

FINAL EXAM (60 Questions)
Law of Contracts
Timed Course Outline

CHAPTER 1
Texas Contract Law
(Commission rule relating to use of adopted forms; Unauthorized
Practice of Law)
Lesson Time (minutes)
1.0 Chapter Objectives 1:00
1.1 Introduction 5:00
1.2 Texas Real Estate License Act 6:00
1.2.2 Link to TREC 1:00
1.2.3 Link to TRELA 2:00
1.3 Unauthorized Practice of Law 17:00
1.4 The Broker – Lawyer Committee 8:00
1.5 Use of Promulgated Contract Forms 13:00
1.5.2 Link to TREC Promulgated Forms 2:00
1.6 Seller Disclosures 16:00
1.6.2 Seller's Disclosure of Property Condition 8:00
1.7 Deceptive Trade Practices Consumer Protection Act (DTPA) 11:00
1.8 Study Info - Part 1 17:00
1.9 Study Info - Part 2 17:00

QUIZ (5 Questions) 10:00

Break 31:00
TOTAL 186:00

CHAPTER 2
Basics of Real Estate Law
Lesson Time (minutes)
2.0 Chapter Objectives 1:00
2.1 Real Property and the Law 7:00
2.2 Land, Real Estate, and the Real Property 15:00
2.2.2 Land, Real Estate, Real Property Infographic 5:00
2.3 Real Property vs. Personal Property 21:00
2.4 Characteristics of Real Property 3:00
2.5 Forms of Real Estate Ownership 13:00
2.6 Ownership of Real Estate by Business Organizations 5:00
2.7 Condominiums, Cooperative, Townhouses, and Time-Shares 5:00
2.7.2 Subdivisions Infographic 5:00
2.8 Laws Affecting Real Estate 4:00
2.9 Study Info 8:00
QUIZ (5 Questions) 10:00
Break 23:00
TOTAL 138:00

CHAPTER 3
Introduction to Contracts
(Elements of a contract; offer & acceptance)
Lesson Time (minutes)
3.0 Chapter Objectives 1:00
3.1 Contracts 8:00
3.2 Express or Implied Contracts 7:00
3.3 Unilateral or Bilateral Contracts 10:00
3.4 Executed or Executory Contracts 2:00
3.5 Elements of a Valid Contract 6:00
3.6 Valid, Void, Voidable & Unenforceable Contracts 5:00
3.7 Termination of Contracts 6:00
3.8 Study Info 6:00

QUIZ (5 Questions) 10:00

Case Study Questions #1 10:00
Break 15:00
TOTAL 90:00

CHAPTER 4
Ownership Rights and Limitations
(Remedies for breach)
Lesson Time (minutes)
4.0 Chapter Objectives 1:00
4.1 Objectives & Key Terms 6:00
4.2 Interest in Real Estate 3:00
4.3 Governmental Powers 24:00
4.3.2 PETE Infographic 4:00
4.4 Estates in Land 11:00
4.4.2 Freehold Estates Infographic 5:00
4.5 Homestead 6:00
4.6 Encumbrances 16:00
4.6.2 Easements Infographic 5:00
4.7 Water Rights 5:00
4.8 Mineral Rights 4:00
4.9 Environmental Issues 4:00
4.10 Study Info 2:00

QUIZ (5 Questions) 10:00

Break 24:00
TOTAL 144:00

CHAPTER 5
Contracts Used in Real Estate
(Elements of a contract; offer & acceptance)
Lesson Time
5.0 Chapter Objectives 1:00
5.1 Objectives and Key Terms 9:00
5.2 Real Estate Contracts 5:00
5.3 Contract Law 10:00
5.4 Discharge of Contracts 10:00
5.4.2 Discharge of Contracts Infographic 6:00
5.5 Listing Agreements, Options & Purchase Overview 13:00
5.6 Leases, Land and Other Agreements 6:00
5.7.1 Listing Agreement Types - Part 1 16:00
5.7.2 Listing Agreement Types – Part 2 15:00
5.8 Listing Agreement Termination 4:00
5.9.1 Residential Real Estate Listing Agreement Exclusive Right to
Sell 4:00
5.9.2 Residential Real Estate Listing Agreement Exclusive Right to
Lease 3:00
5.9.3 Buyer Agency Agreement – Sell and Lease 15:00
5.10.1 Residential Buyer/Tenant Representation Agreement 4:00
5.10.2 Buyer Representation Agreement 7:00
5.11 Leasing Real Estate & Leasehold Estates 6:00
5.12.1 Leasing – Part 1 15:00
5.12.1.2 Less Than Freehold Estates Infographic 6:00
5.12.2 Leasing – Part 2 16:00
5.13 Different Types of Leases 10:00
5.13.2 Types of Leases Infographic 6:00
5.14 Lease Termination 9:00
5.15 Options 5:00
5.16 Contract for Deed 4:00
5.17.1 Residential Lease 4:00
5.17.2 Residential Lease Agreement 9:00
5.18 Study Info 2:00

QUIZ (5 Questions) 10:00

Break 55:00
TOTAL 330:00

CHAPTER 6
The Sales Contract
(Elements of a contract; offer & acceptance; statute of frauds)
Lesson Time (minutes)
6.0 Chapter Objectives 1:00
6.1 Goals and Key Terms 4:00
6.2 Offer and Acceptance 11:00
6.3 Statute of Frauds 5:00
6.3.2 Statute of Frauds Infographic 7:00
6.4 The Document 12:00
6.4.2 Essential Elements of a Valid Contract Infographic 8:00
6.5 Financing Information 4:00
6.6 Conveyance of Property 2:00
6.7 Default and Breach of Contract 3:00
6.7.2 Contract Remedies Infographic 8:00
6.8.1 One to Four Family Residential Contract - Resale 8:00
6.8.2 The Sales Contract – Part 1 13:00
6.8.3 The Sales Contract – Part 2 14:00
6.9 Study Info 8:00

QUIZ (5 Questions) 10:00

Break 27:00
TOTAL 162:00

CHAPTER 7
Contingencies, Addenda and Amendments
(Owner disclosure requirements; offer & acceptance)
Lesson Time (minutes)
7.0 Chapter Objectives 1:00
7.1 Goals & Key Terms 4:00
7.2.1 Contingencies – Part 1 18:00
7.2.2 Contingencies – Part 2 18:00
7.3.1 TREC Amendment 4:00
7.3.2 Amendments 10:00
7.4.1 Third Party Financing Addendum 4:00
7.4.2 Addenda 9:00
7.5 Study Info 6:00
QUIZ (5 Questions) 10:00
Case Study Questions #2 10:00
Break 21:00
TOTAL 126:00

CHAPTER 8
Financing Real Estate
(Owner disclosure requirements; elements of a contract; statute &
fraud)
Lesson Time (minutes)
8.0 Chapter Objectives 1:00
8.1 Goals and Key Terms 10:00
8.2 Mortgage Law 9:00
8.3 Promissory Note 12:00
8.4.1 Mortgage or Deed of Trust – Part 1 16:00
8.4.1.2 Mortgage vs Deed of Trust Infographic 7:00
8.4.2 Mortgage or Deed of Trust – Part 2 17:00
8.5 Land Contracts and Owner Financing 6:00
8.6 Foreclosures and Short Sales 10:00
8.7.1 The Real Estate Financing Market, Techniques and Loan
Programs – Part 1 28:00
8.7.1.2 Primary and Secondary Mortgage Markets Infographic 8:00
8.7.1.3 Types of Loans Infographic 8:00
8.7.2 The Real Estate Financing Market, Techniques and Loan
Programs – Part 2 25:00
8.7.2.2 PITI Infographic 8:00
8.8 Financing Legislation 11:00
8.9 Computerized Loan Organization (CLO) 4:00
8.10 Study Info 8:00

QUIZ (5 Questions) 10:00

Break 47:00
TOTAL 282:00

CHAPTER 9
Conveyance of Title
(Owner disclosure requirements)
Lesson Time (minutes)
9.0 Chapter Objectives 1:00
9.1 Goals & Key Terms 6:00
9.2 Title and Voluntary Alienation 21:00
9.3 Involuntary Alienation and Conveyance of Estates 12:00
9.4 Public Records and Proof of Ownership 16:00
9.5 Study Info 6:00

QUIZ (5 Questions) 10:00

Case Study Questions #3 10:00
Break 18:00
TOTAL 108:00

CHAPTER 10
Transaction Process and Closing
(Elements of a cotnract; remedies for breach, including specific
performance; owner disclosure requirements )
Lesson Time (minutes)
10.0 Chapter Objectives 1:00
10.1 Goals & Key Terms 5:00
10.2 Loan Approval Process 18:00
10.2.2 Uniform Residential Loan Application 7:00
10.3 Inspections 8:00
10.4 Title Work and Preparation for Closing 27:00
10.4.2 HUD-1 Settlement Statement 7:00
10.5 Real Estate Settlement Procedures Act (RESPA) 6:00
10.5.2 HUD Good Faith Estimate 8:00
10.6 Prorations, Closing and Funding 6:00
10.7 Transaction Process Overview 12:00
10.8 Study Info 3:00

QUIZ (5 Questions) 10:00

Break 27:00
TOTAL 162:00

CHAPTER 11
Common Contract Mistakes
(Elements of a contract; offer & accpetance)
Lesson Time (minutes)
11.0 Chapter Objectives 1:00
11.1 Goals & Key Terms 2:00
11.2.1 Common Issues in Contracts – Part 1 15:00
11.2.2 Common Issues in Contracts – Part 2 12:00
11.3 Common Areas of Concern 5:00
11.3.2 Real Property vs Personal Property Infographic 9:00
11.4 Study Info 4:00
QUIZ (5 Questions) 10:00
Break 12:00
TOTAL 72:00

COURSE TOTAL 30 Classroom Hours

FINAL EXAM (60 Questions)

Promulgated Contract Forms
Timed Course Outline

CHAPTER 1
Contract Law Overview
(Unauthorized practice of law)
Lesson Time (minutes)
1.0 Chapter Objectives 1:00
1.1 Goals and Key Terms 7:00
1.2 Elements of a Valid Contract 25:00
1.2.2 Essential Elements of a Valid Contract Infographic 6:00
1.3 Valid / Void / Unenforceable / Voidable 19:00
1.4 Executed and Executory Contracts 2:00
1.5 Bilateral vs. Unilateral 16:00
1.5.2 Types of Contracts Infographic 6:00
1.6 Reasonable Time vs. Time is of the Essence 4:00
1.7 Amendments and Addenda 9:00
1.8 Performance and Discharge of Contracts 10:00
1.8.2 Discharge of Contract Infographic 6:00
1.9 Statute of Limitations 14:00
1.10 Reasons for Termination 6:00
1.11 Study Info 9:00

QUIZ (5 Questions) 10:00

Case Study Question #1 10:00
Break 31:00
TOTAL 186:00

CHAPTER 2
Laws, Rules, and Regulations
(Broker-Lawy Committee; Commission rules governing use of forms)
Lesson Time (minutes)
2.0 Chapter Objectives 1:00
2.1 Goals and Key Terms 4:00
2.2 Texas Real Estate License Act 26:00
2.2.2 TRELA Section 1101.155 7:00
2.3.1 Unauthorized Practice of Law – Part 1 20:00
2.3.2 Unauthorized Practice of Law – Part 2 21:00
2.3.3 TRELA - Unauhtorized Practice of Law 7:00
2.3.4 NAR Code of Ethics 5:00
2.4 The Broker – Lawyer Committee 9:00
2.4.2 TRELA - The Texas Broker-Lawyer Committee 7:00
2.5 Presenting Offers and Multiple Offers 16:00
2.6 When Does the Offer Become a Contract? 11:00
2.7 Study Info 11:00

QUIZ (5 Questions) 10:00

Break 30:00
TOTAL 180:00

CHAPTER 3
Parties, Property and Financing
(Current promulgated forms)
Lesson Time (minutes)
3.0 Chapter Objectives 1:00
3.1 Goals and Key Terms 3:00
3.2 Information Needed to Complete Forms 24:00
3.3.1 One to Four Family Residential Contract - Resale 15:00
3.3.2 Non-Realty Items Addendum 3:00
3.3.3 1-4 Family Residential Contract & Non-Realty Items Addendum 24:00
3.4.1 Third Party Financing Addendum 7:00
3.4.2 Loan Assumption Addendum 4:00
3.4.3 Third Party Financing Addendum & Loan Assumption
Addendum 27:00
3.5.1 Seller Financing Addendum 5:00
3.5.2 Seller Financing Addendum 5:00
3.6.1 Addendum for Release of Liability on Assumed Loan and/or
Seller’s VA Entitlement 5:00
3.6.2 Addendum for Release of Liability on Assumed Loan and/or
Seller’s VA Entitlement 9:00
3.7 Reverse Mortgage Financing 5:00
3.8 Case Study 7:00
3.9 Study Info 6:00

QUIZ (5 Questions) 10:00

Break 31:00
TOTAL 186:00

CHAPTER 4
Covenants, Commitments and Notices
(Current promulgated forms; Commission rule governing use of
forms)
Lesson Time (minutes)
4.0 Chapter Objectives 1:00
4.1 Goals and Key Terms 5:00
4.2 Earnest Money 10:00
4.3 Option Fee Requirement 11:00
4.4 Title Commitment, Title Policy & Endorsements 21:00
4.5 Survey 14:00
4.6 Affidavit & Notice to Prospective Buyer 18:00
4.7 Property Condition & Seller Disclosures 20:00
4.7.2 Seller's Disclosure of Property Condition 7:00
4.7.3 Addendum For Seller's Disclosure of Lead-Based Paint 8:00
4.8 Environmental Assessments & Residential Service Contracts 10:00
4.9 Broker Fees 6:00
4.10 Study Info 14:00

QUIZ (5 Questions) 10:00

Case Study Question #2 10:00
Break 32:00
TOTAL 192:00

CHAPTER 5
Closing, Possession and More
(Current promulgated forms; Case studies)
Lesson Time (minutes)
5.0 Chapter Objectives 1:00
5.1 Goals and Key Terms 5:00
5.2 Closing Paragraph in Contract 27:00
5.3 Buyer’s Possession Paragraphs in Contract 22:00
5.4 Special Provisions 11:00
5.5 Settlement & Other Expenses 27:00
5.6 Default of Contracts 11:00
5.6.2 Contract Remedies Infographic 10:00
5.7 Mediation 19:00
5.8 Escrow Provisions 12:00
5.9 Other Contract Provisions 15:00
5.10 Executing the Contract and Finalizing the Agreement 4:00
5.10.2 Statute of Frauds Infographic 10:00
5.11.1 Amendment 9:00
5.11.2 Amendments 5:00
5.12 Workshop Questions and Case Study 14:00
5.13 Study Info 13:00

QUIZ (5 Questions) 10:00

Break 44:00
TOTAL 264:00

CHAPTER 6
The Remaining Promulgated Forms
(Current promulgated forms; case studies)
Lesson Time (minutes)
6.0 Chapter Objectives 1:00
6.1 Goals and Key Terms 5:00
6.2.1 Residential Condominium Contract - Resale 6:00
6.2.2 Residential Condominium Contract – Part 1 23:00
6.2.3 Residential Condominium Contract – Part 2 21:00
6.3.1 Farm and Ranch Contract 6:00
6.3.2 Farm and Ranch Contract 22:00
6.4.1 Unimproved Property Contract 6:00
6.4.2 Unimproved Property Contract 20:00
6.5.1 New Home Contract - Incomplete Construction 5:00
6.5.2 New Home Contract – Incomplete 16:00
6.6.1 New Home Contract - Completed Construction 5:00
6.6.2 New Home Contract – Completed 10:00
6.7 Study Info 3:00
6.8.1 Case Study – Part 1 13:00
6.8.2 Case Study – Part 2 16:00
6.8.3 Case Study – Part 3 12:00

QUIZ (5 Questions) 10:00

Case Study Question #3 10:00
Break 41:00
TOTAL 246:00

CHAPTER 7
Promulgated Addenda, Notices and Other Forms
(Current promulgated forms; case studies)
Lesson Time (minutes)
7.0 Chapter Objectives 1:00
7.1 Goals and Key Terms 3:00
7.2.1 Seller’s Temporary Residential Lease 3:00
7.2.2 Seller’s Temporary Residential Lease 17:00
7.3.1 Buyer’s Temporary Residential Lease 3:00
7.3.2 Buyer’s Temporary Residential Lease 6:00
7.4.1 Addendum for Sale of Other Property by Buyer 3:00
7.4.2 Addendum for Sale of Other Property by Buyer 12:00
7.5.1 Addendum for Back-up Contract 3:00
7.5.2 Addendum for Back-up Contract 15:00
7.6.1 Addendum for Reservation of Oil, Gas and Other Minerals 3:00
7.6.2 Addendum for Reservation of Oil, Gas and Other Minerals 15:00
7.7.1 Buyer’s Termination of Contract 3:00
7.7.2 Buyer’s Termination of Contract and Mutual Termination of
Contract 18:00
7.8.1 Addendum for Coastal Area Properties 3:00
7.8.2 Addendum for Coastal Area Properties 9:00
7.9.1 Addendum for Properties Subject to Mandatory Membership in
an Owner’s Association 3:00
7.9.2 Addendum for Properties Subject to Mandatory Membership in
an Owner’s Association 12:00
7.10.1 Short Sale Addendum 3:00
7.10.2 Short Sale Addendum 11:00
7.11.1 Condominium Resale Certificate 3:00
7.11.2 Condominium Resale Certificate 8:00
7.12.1 Texas Real Estate Consumer Notice Concerning Hazards and
Deficiencies 3:00
7.12.2 Consumer Information Form 6:00
7.13.1 Information About the Brokerage Services 3:00
7.13.2 Information About the Brokerage Services Form 9:00
7.14.1 Non-Realty Items Addendum 2:00
7.14.2 Non-Realty Items 4:00
7.15 Workshop 16:00

QUIZ (5 Questions) 10:00

Break 41:00
TOTAL 246:00

CHAPTER 8
Other Real Estate Matters
Lesson Time (minutes)
8.0 Chapter Objectives 1:00
8.1 Goals and Key Terms 2:00
8.2.1 Real Estate Fraud – Part 1 18:00
8.2.2 Real Estate Fraud – Part 2 16:00
8.3 DTPA 15:00
8.4 Broker’s Fees 8:00
8.4.2 Commission Splits Infographic 8:00
8.5 Fair Housing Laws 13:00
8.5.2 Federal Fair Housing Laws Infographic 8:00
8.6 Other Disclosures 16:00
8.7 Study Info 5:00

QUIZ (5 Questions) 10:00

Break 23:00
TOTAL 138:00

CHAPTER 9
Practice Makes Perfect
(Case studies involving use of forms)
Lesson Time (minutes)
9.0 Chapter Objectives 1:00
9.1 Goals 4:00
9.2.1 Case Study 1 – Hypothetical 9:00
9.2.2 Case Study 1 - Forms 6:00
9.2.3 Case Study 1 – Answer Keys 18:00
9.3.1 Case Study 2 – Hypothetical 11:00
9.3.2 Case Study 2 - Forms 6:00
9.3.3 Case Study 2 – Answer Keys 18:00
9.4.1 Case Study 3 – Hypothetical 15:00
9.4.2 Case Study 3 - Forms 6:00
9.4.3 Case Study 3 – Answer Keys 11:00

Case Study Questions (3 Questions) 30:00

Break 27:00
TOTAL 162:00

COURSE TOTAL 30 Classroom Hours

FINAL EXAM (60 Questions)

Law of Agency
Timed Course Outline

CHAPTER 1
Agency Concepts
(Disclosure of Agency; relationship between Principle & Agent)
Lesson Time (minutes)
1.0 Chapter Objectives 1:00
1.1 Goals & Key Terms 6:00
1.2 What is Agency? 14:00
1.3 Real Estate License Act & The Texas Real Estate Rules 6:00
1.3.2 TRELA - Licensing Requirements 12:00
1.4 Roles People Play in Agency Relationship – Client or Customer? 8:00
1.5 Why Study Agency? 18:00
1.6 Relationship Between Principal and Agent 6:00
1.7 The Complexities of the Business 11:00
1.8 Study Info 12:00

QUIZ (5 Questions) 10:00

Case Study Question #1 10:00
Break 26:00
TOTAL 156:00

CHAPTER 2
Basic Agency Relationships, Disclosure and Duties to the Client
(Relationship between Principle & Agent; Authority of Agent)
Lesson Time (minutes)
2.0 Chapter Objectives 1:00
2.1 Goals & Key Terms 3:00
2.2 Agency Defined 3:00
2.3 Authority of Agent 6:00
2.4 Classification of Agency 26:00
2.5 Fiduciary Duties & Responsibilities 29:00
2.5.2 Fiduciary Duties Infographic 8:00
2.6 Information About Brokerage Services 2:00
2.6.2 Information About Brokerage Services 4:00
2.7 Study Info 8:00

QUIZ (5 Questions) 10:00

Case Study Question #2 10:00
Break 25:00
TOTAL 150:00
CHAPTER 3
Duties and Disclosure to Third Parties
(Fiduciary & Other Duties of an Agent)
Lesson Time (minutes)
3.0 Chapter Objectives 1:00
3.1 Goals & Key Terms 5:00
3.2 Non-Fiduciary Duties 8:00
3.3 General Duties of Honesty and Fairness 3:00
3.4 Define Third Party / Obligations to a Third Party 7:00
3.5 Avoiding Disclosure and Misrepresentation Problems 9:00
3.6 Section 5.008 of the Texas Property Code (Seller’s Disclosure) 18:00
3.6.2 Texas Property Code Section 5.008 10:00
3.6.3 Seller's Disclosure of Property Condition 12:00
3.7 Stigmatized Properties 17:00
3.8 Study Info 10:00

QUIZ (5 Questions) 10:00

Break 25:00
TOTAL 150:00

CHAPTER 4
Seller Agency
(Disclosure of Agency; Listing or Buying Representation Procedures)
Lesson Time (minutes)
4.0 Chapter Objectives 1:00
4.1 Goals & Key Terms 5:00
4.2 How to Represent a Seller vs. a Buyer 3:00
4.3 Listing Agreements 12:00
4.3.2 Types of Contracts Infographic 7:00
4.4.1 Residential Real Estate Listing Agreement Exclusive Right to Sell 5:00
4.4.2 Residential Real Estate Listing Agreement 12:00
4.5 Exclusive, Open & Net Listing 9:00
4.5.2 Types of Listing Contracts Infographic 7:00
4.6 Exclusive Seller Agency 7:00
4.7 Benefits of Seller Agency Relationship 4:00
4.8 Sub-Agency 4:00
4.9 Disclosure Issues 9:00
4.10 Study Info 11:00

QUIZ (5 Questions) 10:00

Break 24:00
TOTAL 144:00

CHAPTER 5
Buyer Agency
(Disclosure of Agency; Listing or Buying Representation Procedures)
Lesson Time (minutes)
5.0 Chapter Objectives 1:00
5.1 Goals & Key Terms 5:00
5.2.1 Residential Buyer/Tenant Representation Agreement 1100
5.2.1.2 Amendment to Buyer/Tenant Representation Agreement 5:00
5.2.2 Buyer Representation Agreement 23:00
5.3 Deciding to Represent the Buyer 8:00
5.4 The Creation of Buyer Agency 13:00
5.5 Benefits of Buyer – Agency Relationship 20:00
5.6 Written Notification of Compensation to Broker 9:00
5.6.2 Commission Splits Infographic 10:00
5.7 Buyer’s Broker Disclosure 10:00
5.8 Study Info 5:00

QUIZ (5 Questions) 10:00

Break 30:00
TOTAL 180:00

CHAPTER 6
Representing More Than One Party in a Transaction: Intermediary
Brokerage
(Listing or Buying Representation Procedures; Agency Disclosure)
Lesson Time (minutes)
6.0 Chapter Objectives 1:00
6.1 Goals, Key Terms & Overview 15:00
6.2 The Path From Dual Agency to Intermediary Brokerage 12:00
6.3.1 Representation of More Than One Party in a Transaction (Part 1) 12:00
6.3.2 Representation of More Than One Party in a Transaction (Part 2) 19:00
6.4 Intermediary Brokerage 15:00
6.4.2 TREC Rules: Broker Acting As An Intermediary 10:00
6.4.3 Types of Agency Infographic 10:00
6.5.1 Intermediary Relationship Notice 10:00
6.5.2 Specialized Intermediary Application 11:00
6.6 Intentional vs. Unintentional Representation 8:00
6.7 Study Info 9:00
QUIZ (5 Questions) 10:00
Break 33:00
TOTAL 198:00

CHAPTER 7
Creation and Termination of Agency
(Termination of an agent's authority)
Lesson Time (minutes)
7.0 Chapter Objectives 1:00
7.1 Goals, Key Terms & Overview 5:00
7.2 How and When Agency is Created 27:00
7.3 How Agency is Terminated 17:00
7.3.2 Termination of Listing 7:00
7.3.3 Termination of Buyer/Tenant Representation Agreement 7:00
7.4 Study Info 4:00

QUIZ (5 Questions) 10:00

Break 17:00
TOTAL 102:00

CHAPTER 8
Clarifying Agency Relationships
(Disclosure of Agency)
Lesson Time (minutes)
8.0 Chapter Objectives 1:00
8.1 Goals & Key Terms 3:00
8.2 Disclosure Policy 10:00
8.3 Understanding a Brokerage Company’s Policy 11:00
8.3.2 TREC Rules: 535.2i 6:00
8.4 Study Info 5:00

QUIZ (5 Questions) 10:00

Break 9:00
TOTAL 54:00

CHAPTER 9
Employment Issues
(Employment Law)
Lesson Time (minutes)
9.0 Chapter Objectives 1:00
9.1 Goals, Key Terms & Employment Issues 9:00
9.2.1 Independent Contractor Agreement For Sales Associate 10:00
9.2.2 Independent Contractor Agreement 23:00
9.3 Employment Law 9:00
9.3.2 IRS Exmployer's Supplemental Tax Guide 10:00
9.4 Employment Relationship Between Broker and Principals 14:00
9.5 Employment and Compensation of Personal Assistants 3:00
9.6 Relationship Between Brokers and Agents 3:00
9.7 Compensation Issues 5:00
9.8 Study Info 9:00

QUIZ (5 Questions) 10:00

Break 24:00
TOTAL 144:00

CHAPTER 10
Agency, Ethics and the Law
(An Agent's Duties; including fiduciary duties)
Lesson Time (minutes)
10.0 Chapter Objectives 1:00
10.1 Goals, Key Terms & Overview 11:00
10.2 Distinction Between Laws, Ethics & Morals 22:00
10.3 Federal and State Law Relating to Conduct 30:00
10.3.2 Federal Fair Housing Laws Infographic 10:00
10.4 TRELA and Rules of the Commission (Ethics) 7:00
10.4.2 TRELA: Prohibited Practices By Licensees 10:00
10.5 Professional Code of Ethics 8:00
10.5.2 TREC Canons of Professional Ethics and Conduct 8:00
10.6 Minimum Ethical Standards 11:00
10.7 Study Info 6:00

QUIZ (5 Questions) 10:00

Break 31:00
TOTAL 186:00

CHAPTER 11
Deceptive Trade Practices Consumer Protection Act
(Deceptive Trade Practices)
Lesson Time (minutes)
11.0 Chapter Objectives 1:00
11.1 Goals, Key Terms & Overview 12:00
11.2 Fraud vs. Misrepresentation 11:00
11.3.1 Deceptive Trade Practices Consumer Protection 20:00
11.3.2 DTPA Laundry List of Violations 10:00
11.4 Verbal and Non-Verbal Communication 17:00
11.5 Damages and Defenses 12:00
11.6.1 NAR Code of Ethics Overview 6:00
11.6.2 Ethical & Legal Concerns 5:00
11.7 Study Info 8:00

QUIZ (5 Questions) 10:00

Case Study Question #3 10:00
Break 28:00
TOTAL 168:00

CHAPTER 12
Implementation and Presentation
Lesson Time (minutes)
12.0 Chapter Objectives 1:00
12.1 Goals, Key Terms & Overview 24:00
12.2 The Broker Working For/With The Seller 27:00
12.3 The Broker Working For/With The Buyer 12:00
12.3.2 General Information and Notice To A Buyer 7:00
12.3.3 Protecting Your Home From Mold 6:00
12.3.4 Texas Real Estate Consumer Notice Concerning Hazards or
Deficiencies 6:00
12.3.5 Information About Property Insurance For a Buyer or Seller 7:00
12.4 A Practical Guide to Everyday Practice 6:00
12.5 Other Considerations 7:00
12.6 Risk Management 4:00
12.7 Study Info 5:00

QUIZ (5 Questions) 10:00

Break 28:00
TOTAL 168:00

COURSE TOTAL 30 Classroom Hours

FINAL EXAM (60 Questions)

Real Estate Finance
Timed Course Outline

CHAPTER 1
The Nature & Cycle of Real Estate Finance
Lesson Time (minutes)
1.0 Chapter Objectives 1:00
1.1 Goals and Key Terms 7:00
1.2 The Nature of Real Estate Finance 29:00
1.3 Mortgage Lending Activities 23:00
1.3.2 Primary and Secondary Mortgage Markets Infographic 8:00
1.4 Real Estate Cycles / Impact on the Economy 18:00
1.5.1 Informational Resources 4:00
1.5.2 Links to Informational Resources 5:00
1.6 Study Info 5:00

QUIZ (5 Questions) 10:00

Break 21:00
TOTAL 126:00

CHAPTER 2
Money & the Monetary System
(Monetary systems; primary & secondary money markets)
Lesson Time (minutes)
2.0 Chapter Objectives 1:00
2.1 Goals and Key Terms 5:00
2.2 What is money? 21:00
2.3 The Federal Reserve System 11:00
2.4 Instruments of Credit Policy 5:00
2.5 The U.S. Treasury and U.S. Mint 22:00
2.6 The Federal Deposit Insurance Corporation (FDIC) 6:00
2.6.2 FDIC Overview 6:00
2.7 The Federal Home Loan Bank (FHLB) System 2:00
2.8.1 Study Info & Information Resources 10:00
2.8.2 Links to Informational Resources 6:00

QUIZ (5 Questions) 10:00

Break 20:00
TOTAL 120:00

CHAPTER 3
Additional Government Influence
(State housing agencies; federal govt. programs; community
reinvestment laws, state housing agencies)
Lesson Time (minutes)
3.0 Chapter Objectives 1:00
3.1 Goals and Key Terms 6:00
3.2.1 U.S. Department of Housing & Urban Development (HUD) –
Part 1 21:00
3.2.2 U.S. Department of Housing & Urban Development (HUD) –
Part 2 19:00
3.3 Consumer Financial Protection Bureau 15:00
3.4.1 Significant Federal Legislation (ECOA, CRA, TILA, RESPA,
SAFE, APA, Dodd-Frank) – Part 1 13:00
3.4.1.2 Your Equal Credit Opportunity Rights 8:00
3.4.2 Significant Federal Legislation (ECOA, CRA, TILA, RESPA,
SAFE, APA, Dodd-Frank) – Part 2 22:00
3.5 State and Local Programs (including TDHCA) 17:00
3.6 Agricultural Lending 26:00
3.7.1 HUD Good Faith Estimate 8:00
3.7.2 Review of Loan Estimate (aka GFE) 11:00
3.8.1 HUD-1 Settlement Statement 5:00
3.8.2 Review of Settlement Statement (aka HUD-1) 7:00
3.9 Study Info 16:00

QUIZ (5 Questions) 10:00

Break 40:00
TOTAL 240:00

CHAPTER 4
The Secondary Mortgage Market
(Primary & Secondary money markets)
Lesson Time (minutes)
4.0 Chapter Objectives 1:00
4.1 Goals and Key Terms 6:00
4.2 Major Participants in the Secondary Mortgage Market 11:00
4.3.1 Government Sponsored Enterprises (FNMA, FHLMC, GNMA,
FHLB, Farmer MAC) – Part 1 21:00
4.3.2 Government Sponsored Enterprises (FNMA, FHLMC, GNMA,
FHLB, Farmer MAC) – Part 2 30:00
4.4 Real Estate Mortgage Investment Conduit (REMICs) 2:00
4.5 Study Info 9:00

QUIZ (5 Questions) 10:00

Case Study Question #1 10:00
Break 19:00
TOTAL 114:00

CHAPTER 5
Sources of Funds
(Sources of mortgage loans; alternative financial instruments)
Lesson Time (minutes)
5.0 Chapter Objectives 1:00
5.1 Goals and Key Terms 5:00
5.2 Commercial Banks 28:00
5.3 Life Insurance Companies 5:00
5.4 Pension & Retirement Programs 5:00
5.5 Credit Unions 8:00
5.6 Mortgage Banker and Broker 12:00
5.7 Real Estate Trust (REIT, REMT) 15:00
5.7.2 REIT Overview 11:00
5.8 Real Estate Bonds 4:00
5.9 Private & Foreign Lenders 6:00
5.10 Study Info 5:00

QUIZ (5 Questions) 10:00

Break 22:00
TOTAL 132:00

CHAPTER 6
Instruments of Real Estate Finance
(Loan applications, processes & procedures)
Lesson Time (minutes)
6.0 Chapter Objectives 1:00
6.1 Goals and Key Terms 6:00
6.2.1 Encumbrances and Liens – Part 1 22:00
6.2.1.2 Easements Infographic 7:00
6.2.2 Encumbrances and Liens – Part 2 22:00
6.3 The Note & Deed of Trust 19:00
6.4 The Note and Mortgage 11:00
6.5 The Contract For Deed (Land Contract) 10:00
6.6 Subordinate Finance Instruments 12:00
6.7 Special Provisions in Mortgage Lending Instruments 14:00
6.8.1 Promissory Note 6:00
6.8.2 Review of Promissory Note Form 5:00
6.9.1 Residential Deed of Trust 6:00
6.9.2 Review of Trust Form 4:00
6.10 Study Info 10:00

QUIZ (5 Questions) 10:00

Case Study Question #2 10:00
Break 34:00
TOTAL 204:00

CHAPTER 7
Loan Types, Terms & Issues
(Loan applications, processes & procedures; alternative financial
instruments)
Lesson Time (minutes)
7.0 Chapter Objectives 1:00
7.1 Goals and Key Terms 8:00
7.2 Interest 32:00
7.3.1 Types of Loans – Part 1 22:00
7.3.2 Types of Loans – Part 2 21:00
7.3.3 Types of Loans Infographic 9:00
7.4 Private Mortgage Insurance (PMI) 14:00
7.5 Refinancing Existing Conventional Loans 6:00
7.6 Subprime & Predatory Lending 6:00
7.7 Participation Agreements 15:00
7.8 Tax Impact in Mortgage Lending / Review of Fixed and
Adjustable Rate Mortgages 6:00
7.9 Mortgage Fraud 5:00
7.9.2 Mortgage Fraud Resouce Page 4:00
7.10 PITI Workshop 14:00
7.10.2 PITI Infographic 9:00
7.11 Study Info 13:00

QUIZ (5 Questions) 10:00

Case Study Question #3 10:00
Break 40:00
TOTAL 240:00

CHAPTER 8
Government Loans
(Federal govt. programs; equal credit opportunity laws)
Lesson Time (minutes)
8.0 Chapter Objectives 1:00
8.1 Intro, Goals and Key Terms 11:00
8.2 Federal Housing Administration (FHA) 18:00
8.2.2 FHA Home Loans 101 10:00
8.3 FHA Insured Loan Program 33:00
8.3.2 HUD Mortgage Insurance Premiums 6:00
8.3.3 Useful Resources For HUD Programs 6:00
8.4 Underwriting Guidelines 33:00
8.5 Most Frequently Used FHA Loans / Direct Endorsement / FHA
Contributions to Real Estate Finance 15:00
8.6 VA Loan Guarantee Program 24:00
8.6.2 VA Loan Overview 9:00
8.6.3 Summary of VA Home Loan Guaranty Benefits 9:00
8.7 Additional VA Loan Programs 2:00
8.8 FHA Case Study / Workshop 11:00
8.9 VA Case Study / Workshop 11:00
8.10 Study Info 11:00

QUIZ (5 Questions) 10:00

Break 43:00
TOTAL 258:00

CHAPTER 9
Lender Loan Processes
(Closing costs; equal credit opportunity laws, loan applications,
processes & procedures)
Lesson Time (minutes)
9.0 Chapter Objectives 1:00
9.1 Goals and Key Terms 7:00
9.2.1 Qualifying the Borrower – Part 1 22:00
9.2.2 Qualifying the Borrower – Part 2 24:00
9.3 Qualifying the Collateral 28:00
9.4.1 Sample Credit Report 6:00
9.4.2 Review of Sample Credit Report 8:00
9.5.1 Uniform Residential Loan Application 6:00
9.5.2 Review of Uniform Residential Loan Application 16:00
9.6.1 Request For Verification of Deposit 6:00
9.6.2 Review of Request For Verification of Deposit 3:00
9.7.1 Request For Verification of Employment 7:00
9.7.2 Request For Verification of Employment 2:00
9.8.1 Uniform Residential Appraisal Report 7:00
9.8.2 Review of the Uniform Residential Appraisal Report 14:00
9.9.1 Link to RESPA & TILA Mortgage Servicing Final Rules 2:00
9.9.2 Required Lender Notices 2:00
9.10 Qualifying the Title 16:00
9.11.1 Title Commitment 7:00
9.11.2 Review of Title Commitment 3:00
9.12 Lender Closing 9:00
9.13.1 HUD-1 Settlement Statement & Closing Disclosure 1:00
9.13.2 Case Study 8:00
9.14 Study Info 7:00

QUIZ (5 Questions) 10:00

Break 44:00
TOTAL 264:00

CHAPTER 10
Defaults & Foreclosures
(Loan application, processes & procedures)
Lesson Time (minutes)
10.0 Chapter Objectives 1:00
10.1 Goals and Key Terms 7:00
10.2 Defaults 22:00
10.2.2 Priority of Liens Infographic 6:00
10.3 Adjustments & Modifications 17:00
10.4 Types of Foreclosures & Deficiency Judgments 16:00
10.4.2 Mortgage vs Deed of Trust Infographic 6:00
10.5 Tax Impacts of Foreclosures 2:00
10.6 Study Info 3:00

QUIZ (5 Questions) 10:00

Break 17:00
TOTAL 102:00

COURSE TOTAL 30 Classroom Hours

FINAL EXAM (60 Questions)

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