Delaware Legislative Issues (Module 5)
Federal and state legislation and regulatory decisions have a significant effect on the real estate industry and your practice as a real estate professional. To protect yourself as well as your clients, you must possess a solid understanding of the laws and regulations connected to real estate. Consider, for example, the Real Estate Settlement Procedures Act (RESPA). Under this federal law, real estate licensees are prohibited from receiving a "thing of value" for referring business to a settlement service provider. If you were unaware of the law and its requirements, you could get into hot water for accepting a gift from a mortgage broker for a referral.
Delaware Legislative Issues is divided into two units. In Unit 1, we focus on federal legislation. We then turn our attention to Delaware laws in Unit 2. From start to finish, we use activities to emphasize key points and ensure your understanding of the material.
To maintain their license, Delaware real estate professionals must complete 21 hours of continuing education, composed of seven core modules. This course fulfills the state's Legislative Issues (Module 5) requirement.
Course highlights include:
- A review of key federal laws, such as the Truth in Lending Act, Residential Lead-Based Paint Hazard Reduction Act, and Mortgage Reform and Anti-Predatory Lending Act.
- An analysis of the federal fair housing laws, with examples highlighting the protected classes.
- A discussion about issues related to the National Flood Insurance Program.
- An explanation of the recent changes made to Delaware's license law.
- A summary of new real estate laws in Delaware.
- Activities and real world examples to emphasize important points.