Real Estate/ Pre-Licensing/ Alabama Real Estate Pre/ Solving Real Estate Math Problems

Solving Real Estate Math Problems

This product includes:

Elective Hours: 0 Mandatory: 0 Total Hours: 3

Description

State Requirements

Let’s say you’re touring a new home with a buyer, and she asks you for the square footage of the living room. You know the length and width. What do you do? Your buyer also has $60,000 to put down and wants to know how much house she can afford with an 80/20 loan to value. Can you answer her?

Can you help an investor determine income potential if you know the going rate and value? Can you read an amortization table? In this course, you'll practice solving just these kinds of problems.

Course objectives include:

Demonstrate basic computational skills using fractions, decimals, percentages, and interest rates.
Apply basic computational skills to real estate tasks such as: calculation of area, prorations, loan amortization, and calculation of monthly payments.

Package Content:

State Requirements For Alabama

Alabama State Requirement Details for Real Estate Pre-Licensing Education

Hours Required by the State: 60 hours

Licensing Exam: The licensing exam will be administered by Pearson Vue. Registration for the state licensing exam is an entirely separate process from proctoring for your course final exam. For instructions to register for your state licensing exam through Pearson VUE, please click here.

The CE Shop’s Offering: 60 hours

Reporting: The state requires course completions to be reported to the state. We will report your course to the state upon completion.

Expiration Date of Course: Course expiration dates vary by course. Each individual course will have an expiration date listed in your account.

Certificates: Immediately upon course completions, The CE Shop will provide students with an electronic copy of the course certificate of completion. Certificates will remain in your account for a minimum of five years, should you need additional copies at a later time. Please refer to your application to determine if you need to submit your certificate(s) of completion. Course completion dates are recorded using Central Standard Time. Please note that the date on your certificate of completion will reflect this.

Proctoring Final Exam: The state requires that your 60 Hour Salesperson and 6-hour Reciprocal final course exams be proctored. You’ll need to schedule an appointment with an online proctor in advance. You can find full details of the proctoring process here. Upon passing the final course exam you will be asked to sign an affidavit verifying your identity as the student who completed the course and the final course exam. Final exams must be passed with a minimum of 70% and may be taken a maximum of two times. Students may verify reported credits through the Commission website using thes state's CMAP instructions here.

Note: Students must register online with the Commission at arec.alabama.gov prior to completing the salesperson prelicense course in order to take the license examination. You can register here through this link.

Post-Licensing: Completion of the 30-hour post-licensing course is required for salespersons within the first 6 months of licensure for active licensees and within one year for inactive licensees. Individuals must also apply for an Original Salesperson License and have it issued before the expiration of the first 6-month period. Note: There is no post-license requirement for brokers.