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QUICK REFERENCE GUIDE Making a
tax-wise gift of real estate frequently appeals to informed donors and their
advisors.http://www.umuc.edu/pdf/RealEstateQRG.pdf.
Giving property to the University of Maryland University College can be done
through an outright gift or through a planned gift, such as a Life Estate
Agreement or a Charitable Remainder Unitrust. OUTRIGHT GIFTS OF REAL ESTATE
Outright gifts of real estate generate benefits to the donor and your program in
ways similar to gifts of other appreciated property, like stocks, for example:
1) For property held more than one year: Avoidance of all tax on capital gain;
Income tax deduction equal to the property's fair market value (charitable
deductions in excess of 30% of the donor's adjusted gross income can be carried
over for a maximum of five years) 2) For property held less than one year (rare
in real estate): Income tax deduction equal to cost basis (charitable deductions
in excess of 50% of the donor's adjusted gross income can be carried over a
maximum of five years) Besides making an outright gift, donors may give their
property to UMUC in several other ways: 1) through their will; 2) via a personal
trust such as a Revocable Living Trust; 3) through a Charitable Remainder
Unitrust; or 4) through a Life Estate Agreement. The first two methods, a will
or a personal trust, do not provide any income tax deduction, but they still
benefit the donor tax-wise by removing the property from their taxable estate,
and thus reducing potential federal estate tax liability. The third method,
using the property to establish a Charitable Remainder Unitrust (CRT), has the
advantage of not only removing the property from Real Estate Connect is the real estate industry’s premier place to obtain the latest and most intelligent marketing, analytics, innovations and technology tools and resources, uniting the real estate industry’s most influential leaders, decision makers, innovators and experts as they convene, network and explore the most critical issues of the day.http://www.realestateconnect.com/sf07/files/ConnectSF07_Sponsorship_Packages.pdf. Melding a powerful attendee mix with the best conference content and unparalleled networking opportunities, Real Estate Connect delivers the most focused, effective, face-to-face marketing and influence platform in real estate. Inman News’ Connect Conferences have been taking place for over 10 years, and Connect sponsors and attendees have generated millions of dollars in business and strategic partnerships through our Connect conferences. Be part of the action at this dynamic event by showcasing your brand and product in front of the most powerful and forward-looking people in the real estate, mortgage, and technology industries. Attendee Profile: C-suite executives (CEOs, COOs, CTOs, CMOs), presidents, VPs, directors & managers from leading real estate, mortgage, settlement services, technology and internet companies, top-producing brokers and Realtors®, MLS executives, economists, investors, lenders, media and influential 10 complimentary event registrations Platinum-level logo exposure at the event, on the event Web site and in the printed Program Guide Full-page ad in printed Program Guide 50-word company description in Program Guide 2 opportunities to access attendee list via third party mail house One-time access to press list 1 collateral item to be placed in attendee www.http://www.grec.state.ga.us/PDFS/RealEstate/GRECReciprocalApp.pdf.grec.state.ga.us This form can be filled out on-line. Print TWO copies: one to sign and submit for processing and one for your records. If a fee and/or documentation are required, attach and mail to the address above. Once the completed application, including all supporting documents, is received the license will be issued within 15 business days. Georgia Real Estate Commission. (2) Show that you passed a state administered real estate examination to obtain the license (3) Have been issued within one year of this application The Georgia Real Estate Commission and Appraisers Board will not release your SSAN to any third party except as required by law, to another licensing agency or law enforcement agency. www.grec.state.ga.us To obtain an ACTIVE license all salespersons, associate brokers, or community association managers must affiliate with a resident or non-resident broker who is licensed by the Georgia Real Estate Commission. (1) Have you previously held a Georgia real estate license? g) if a broker has agreed to hold your real estate license, one of the letters MUST be from the broker g) if a broker has agreed to hold your real estate license, one of the letters MUST be from the broker I hereby agree not to engage in, conduct, advertise, or hold myself out as engaging in or conducting real estate brokerage activity in I hereby irrevocably consent that, if any cause of action arises against me or arising from my acts or omissions as a real estate licensee within the state of Georgia and if at the time I am not a resident of the state of Georgia, suit may be commenced against me in the county in the state Real Estate Connect is the real estate industry’s premier place to obtain the latest and most intelligent marketing, analytics, innovations and technology tools and resources, uniting the real estate industry’s most influential leaders, decision makers, innovators and experts as they convene, network and explore the most critical issues of the day.http://www.realestateconnect.com/NY07/files/ConnectNY2007SponsorshipPackages.pdf. Melding a powerful attendee mix with the best conference content and unparalleled networking opportunities, Real Estate Connect delivers the most focused, effective, facetoface marketing and influence platform in real estate. Inman News’ Connect Conferences have been taking place for over 10 years, and Connect sponsors and attendees have generated millions of dollars in business and strategic partnerships through our Connect conferences. Be part of the action at this dynamic event by showcasing your brand and product in front of the most powerful and forwardlooking people in the real estate, mortgage, and technology industries. Attendee Profile: Csuite executives (CEOs, COOs, CTOs, CMOs), presidents, VPs, directors & managers from leading real estate, mortgage, settlement services, technology and internet companies, topproducing brokers and Realtors®, MLS executives, economists, investors, lenders, media and influential bloggers. Leverage the full benefit of Inman’s multimilliondollar event investment. Share the most prominent moments and locations at Connect shouldertoshoulder with the Inman team. Platinum Sponsorship benefits: 10 complimentary event registrations Sponsor logo prominently displayed at key locations, including general session screens 2 opportunities to During the 1994 Session, the Washington State Legislature passed ESB 6284 requiring individuals seeking a real estate salesperson's license to complete a 60 clock-hour course in real estate fundamentals.http://www.dol.wa.gov/business/realestate/refundamentals.pdf. In addition, those seeking their first renewal must successfully complete 30 clock-hours of instruction in real estate practices and 30 clock-hours of continuing education. The Director of the Department of Licensing with the advice and approval of the Washington Real Estate Commission is charged with the responsibility of implementing these legislative changes. Educational objectives for salesperson's real estate fundamentals course The salesperson's real estate fundamentals course is intended to make a person minimally competent to enter the profession. This course is intended to focus on real estate principles, terminology, laws, and regulations. 1. Explain the services of various types of real estate companies 2. Identify related business activities associated with real estate 3. Identify factors involved in real estate as a career 4. Identify the various local, state, and national agencies involved in regulating the real estate industry 5. Identify professional trade associations (including codes of ethics) within the real estate industry and explain why they differ from regulatory agencies g. Limited liability companies and partnerships h. Syndications i. Real estate investment trusts 15. Define "statute of limitations" and the "statute of frauds" as they relate to real estate contracts 9. Explain and describe the various contracts used in the real estate business: listing agreements, purchase and sale (pending State Board of Realtors' approval) This certificate is designed for the real estate professional desiring to upgrade their skills.. Those in the field of real estate or those wishing to better understand the field of real estate would benefit from this program. Information in these subjects will make you more knowledgeable in the field of real estate and more competent. Upon completing the program, students will: • Understand and explain the basics of property appraisal to buyers and sellers; • Understand impacts of economics upon the real estate market and industry; • Explain the necessity and the various aspects of a home inspection to buyers and sellers; • Use a variety of technology available in the field to provide information to both buyers and sellers of property; and • Explain the importance of ethical behavior to the success of the real estate professional. General Academic Requirements 153 Some courses require satisfactory scores on placement exams before being admitted to the class. See course descriptions for details. Certifications • These classes qualify for Montana Board of Realty (BRR) Regulation CEU to be used for real estate license annual renewal requirements. • This program is for those in the real estate industry who desire to upgrade their skills and to renew licenses in the state of Montana. Attach a clear, full-face passport-style photograph (2˝x 2˝) of your head and shoulders, taken within the past six months.http://www.state.nj.us/lps/ca/real/reatemp.pdf. A photo is required with each application. Do not use staples to attach the photo. A nonrefundable temporary visiting registration fee of $150, in the form of a check or money order made out to the State of New Jersey, must be submitted with this application. (N.J.S.A. 45:1-20.) “Ability to practice as a temporarily licensed or certified real estate appraiser” is to be construed to include all of the following: a. The cognitive capacity to exercise the reasonable judgments of a temporarily licensed or certified real estate appraiser and to learn and keep abreast of professional developments; and b. The physical capability to perform the duties of a temporarily licensed or certified real estate appraiser, with or without the use of aids or devices, such as corrective lenses or hearing aids. Have you ever been named as a defendant in any litigation related to the practice of real estate appraisal or other professional practice in New Jersey, any other state, the District of Columbia or in any other jurisdiction? Have you ever been sanctioned by or is any action pending before any employer, association, society, or other professional group related to the practice of real estate appraisal or other professional practice in New Jersey, any other state, the District of Columbia or in any other jurisdiction? I further swear (or affirm) that I have read N.J.S.A. 45:14F-1 et seq., together with the Rules and Regulations of the State Real Estate Appraiser Board, N.J.A.C. 13:40A-1.1 et seq., and fully _____________________________ This program is designed for individuals who seek employment in the field of real estate.. PROGRAM REQUIREMENTS (30 credits) _____ Real Estate Internship (Prereq. Consent of program coordinator and Attained a minimum grade point average of 2.0 in the courses identified in this certificate program. Current cumulative GPA: Completed a minimum of one-half of the credit hours required (excluding proficiency credit) as a student at PSC. Filed a Graduation Petition Form with the Office of Admissions and Records. Must be at least 21 years old (or if age 18-21, must have successfully completed 2 years of college) AND _____ Must complete RE 171 at PSC (or equivalent 30 class hour Transactions course at an Illinois Department of Education and Registration approved school). Must be at least 21 years old AND _____ IMPORTANT PSC GRADUATION POLICIES If the degree or certificate requirements are changed during your continuous attendance, you may elect to satisfy either the new requirements or the ones in force when you enrolled. If you withdraw from Prairie State College for either a fall or spring semester, you must satisfy requirements in force at the time you re-enroll. Requests for COURSE SUBSTITUTIONS in the program must be directed to the Program Coordinator. A Course Substitution Form must be signed by the Program Coordinator and submitted to the Office of Admissions and Records at least one semester prior to graduation. Abstract: Overbuilding in commercial real estate in the 1980s is commonly viewed as an example of a speculative bubble.http://www.richmondfed.org/publications/economic_research/working_papers/pdfs/wp94-6.pdf. Overbuilding in commercial real estate, especially in office buildings, and the resultant default on loans collateralized by commercial real estate, has been widely identified as one factor leading to weakness in the banking sector in the late 1980s. Hekman [1985] finds no empirical evidence of a hog cycle in real estate data from 1979 to 1983 that he examined. Litan suggests that real estate building is influenced by the availability of financing. He proposes that overbuilding in the 1980s occurred because too much financing was made available to real estate borrowers. According to the lemming explanation, bankers made excessive real estate loans because they saw how profitable real estate lending was for other bankers and wanted to follow suit. Litan contends that these bankers thought the real estate boom would last forever or that their borrowers would be the last good ones. Moral hazard also is cited frequently as a reason for the provision of excess lending to commercial real estate. This point is of particular interest since banks expanded into commercial real estate lending to a significantly greater degree than did thrifts or insurance companies in the 1980s [Litan, 1992]. Finally, it has been argued that banks increased their commercial real estate lending because thrifts and other intermediaries weakened in the 1980s, providing an opportunity for banks to profit by shifting a greater proportion of their loan portfolio into commercial real estate [Hester, 1992]. Also leading banks to increase A “how to “ approach to determine the market and economic feasibility of real estate development.. Residential and commercial examples are presented. AUDIENCE: Individuals who need hours as a part of the requirements to acquire a Real Estate License or hours toward a degree or certificate of achievement, or to understand the basics of real estate development. This course gives three semester hours of college credit and forty-five hours of classroom credit. The course may be used as related hour credit toward salesman or broker licensure. Prerequisites By completing this course, you will be able to: 1. Identify the role of the developer 2. State the various professions used in the development team 3. Explain the components of land development for residential use 4. Prepare a feasibility study for a multi-family project 5. "Any student with a documented disability (e.g. physical, learning, psychiatric, vision, hearing, etc.) who needs to arrange reasonable accommodations must contact the Disability Services Office at the respective College at the beginning of each semester. Faculty are authorized to provide only the accommodations requested by the Disability Support Services Office." Since the real estate commission requires full attendance in approved courses, any absences must be made up with the approval and concurrence of the instructor. Since the real estate commission requires full attendance in approved courses, any tardiness will be considered as similar to absences and will require make up as determined by the instructor. To qualify to take an examination for a Real Estate Salesperson License, an applicant must submit evidence (transcripts) of having completed a college-level course in Real Estate Principles.http://www.flc.losrios.edu/college_catalog/catalog_05-06/RE.pdf. In addition to Real Estate Principles the applicant must also (either when qualifying for the examination, when applying for the original license or within eighteen months after license issuance) submit evidence of having completed TWO additional basic real estate courses from the following FLC course offerings (it is recommended that Real Estate Practice be one of the courses selected). Instruction by trained, working real estate professionals Preparation for State of California real estate license examina-tions Training in one of the most lucrative careers in today's world A lab with tutorial assistance Hours: 54 hours LEC This course is a study of California real estate laws. Topics include: the sources of law and the judicial system; agency; duties and responsibilities of licensees; contracts and their application to real estate; property ownership and management; real estate security devices; property rights, liens and homesteads; landlord-tenant law, land use controls, and title insurance and escrow. Hours: 54 hours LEC This course covers practices and techniques of residential real estate brokerage and sales. Successful completion of this course applies toward California Department of Real Estate Education requirement for the broker’s examination. Hours: 54 hours LEC This course is an analysis of real estate financing, including lending policies and problems in financing transactions in residential, apartment, commercial, and Application must be filed on original form.http://www.state.sd.us/drr2/reg/realestate/Auctioneerap.pdf. In compliance with SDCL 36-21A, I hereby make application for a real estate auctioneer’s license. 10. Have you ever been engaged in litigation, either as plaintiff or defendant, involving the sale or purchase of real estate or the payment of a commission during the past five years, or are you now engaged in such litigation? 18. Do you now or have you ever held a real estate salesperson, broker, auctioneer, property manager or timeshare agent If you have been licensed in another state, request the real estate commission where you were previously licensed to mail you a certification showing your license status and submit with application. 19. Has your application for a real estate license ever been rejected or your license revoked or suspended in South Dakota or any other state? 20. Have you read and do you understand the South Dakota real estate license law as amended and the administrative rules of the Real Estate Commission? 21. Do you understand that a change of address of your place of business without notification to the Real Estate Commission may result in cancellation of your license? You cannot sell real estate for a fee or commission without first obtaining a real estate license from the Real Estate Commission? In the event a license is issued to you, you are not entitled to receive compensation as a real estate auctioneer from anyone except the person who employs you? A violation of any of the provisions of the South Dakota real estate license law or administrative rules of the Commission is cause for disciplinary action? … Do you fully understand that Page 8 339.http://www.cis.state.mi.us/bcsc/forms/real/redbook2.pdf.210 Contracting with persons or agencies to implement act and fulfill responsibilities of department or board. Page 28 339.522 Conducting proceedings on grievance lodged before effective date of act. Page 42 339.2506 Delivering or mailing real estate salesperson’s license to broker; display of licenses; notice of change or location; temporary license. Page 66 R339.22319 Licensure required for owner of real estate engaging in sale as principal vocation; acts constituting principal vocation; sale of real estate owned by broker or associate broker; licensee to reveal ownership or interest when selling property licensee owns or has interest in. (2) The department shall not issue a real estate broker’s license to a new applicant who has been convicted of embezzlement or misappropriation of funds. Another license shall not be issued to a real estate salesperson until the person returns the former pocket card to the department or satisfactorily accounts to the department for the pocket card. (f) In the case of a real estate broker, fails to return a real estate salesperson's license within 5 days as provided in section 2507. Instructors shall possess at least 1 of the following minimum qualifications: (i) Be an instructor of real estate courses who is or has been engaged in the practice of teaching at an accredited institution of higher learning. The use of electronic records or digital signatures for any real estate transactions requires the prior agreement of the parties. (3) A real estate school or institution shall also demonstrate that it is an entity which may offer prelicensure courses in accordance The Appraiser Qualification Board (AQB) has authority under Title XI of FIRREA to establish the minimum qualification criteria for state certification of real estate appraisers.http://www.dced.state.ak.us/occ/pub/apr4164.pdf. The following items must be on file before the Board will consider an application for a certificate by examination as a residential real estate appraiser: An applicant for certification as a residential real estate appraiser shall document satisfactory completion of 120 classroom hours of instruction that meet the requirements in 12 AAC 70.140 with emphasis on appraisal of residential properties, and including 3. Proof of 42 hours of continuing education in real estate appraisal that contributes directly to a certified real estate appraiser's knowledge of current theories, practices, and techniques of real estate analysis and appraisal that was obtained within the three years immediately before the date of a complete application. 5. Licensure verification sent directly from each state or other licensing jurisdiction in which the applicant holds or has held a real estate appraiser certificate or license. b. The verification must confirm that the applicant is not the subject of an unresolved complaint or disciplinary action before an authority regulating real estate appraisers or a professional real estate appraisers' association. 2. Have you ever had a real estate appraiser license/certificate revoked, suspended, denied surrendered, or otherwise acted upon in any state or jurisdiction? 3. Are you the subject of an unresolved complaint or disciplinary action before an authority regulating real estate appraisers or a professional real | ||
