Real Estate Classes
New World Title & Escrow is pleased to provide seminars and continuing education classes to the real estate agent community through its Real Estate School. Many classes offered meet Virginia real estate licensee’s post-licensing and continuing education requirements, and are taught by our Virginia-licensed staff attorneys. Other seminars cover useful tips and information to help real estate agents in their business.
Registration is easy. Simply click on the course you are interested in attending and select a date it is offered. To comply with RESPA regulations, a nominal fee of $10 is due at registration for PL/CE credit courses. Non-credit courses are free!
Agency (1 hour)
A discussion of the roles, duties and obligations of listing and selling agents, including their duties owed to clients and customers. It also reviews the common types of agency agreements. Dual and designated agency relationships are also covered. This is a required course.
Authorizations and Signatures (1 hour)
This course analyzes who has the authority to execute real estate sales transactions and closing documents under various circumstances, and what is necessary to establish this authority.
Contracts (1 hour)
This course outlines the elements of a valid contract. It focuses on the three contracts most commonly used by licensees: the listing agreement, the buyer/broker agreement, and the sales contract. Attendees will also learn about the necessary forms, disclosures and addenda that accompany a real estate contract in Virginia. This is a required course.
Cybersecurity in Real Estate Transactions (1 hour)
Cyber-fraud has wrought havoc in the real estate industry, costing millions of dollars in losses. This course provides real estate agents with tips and best practices in using online technology in their business activities.
Dealing With Death (1 hour)
Attendees of this course will learn how real property interests transfer upon the death of an owner. It provides practical tips for real estate licensees dealing with transactions where the real property was owned by deceased persons.
Divorce & Bankrupcty (1 hour)
A review of the impact that a divorce can have on the property ownership with a focus on property held as tenants by the entirety. Attendees will also hear a discussion of the various types of bankruptcy and the ramifications that a bankruptcy has on the sale of real estate. Attendees will gain a greater understanding of the effect of divorce and bankruptcy on real estate transactions in order to avoid issues that may delay or jeopardize settlement.
Ethics (3 hour)
Instruction on ethical responsibilities of real estate licensees in the course of conducting business; disclosure requirements when dealing with unrepresented clients, dual agency arrangements, etc.
Fair Housing (2 hour)
This course covers fair housing laws on the federal and Virginia-state levels; how to detect housing discrimination and conduct business in a non-discrimanatory manner.
Foreclosures in Virginia (1 hour)
A primer on real estate foreclosures in the Commonwealth of Virginia and how they can impact pending sales transactions.
How to Prevent Settlement Delays (1 hour)
This course discusses some of the most common issues that can cause a settlement to be delayed. The class will cover issues related to financing, home inspections and title that can delay a settlement. Additionally, this course provides a list of practical tips that can help to spot issues, prevent delays and make the settlement process as smooth and seamless as possible.
Judgments & Liens in Virginia: A Real Estate Agent's Perspective (1 hour)
A discussion on how judgments arise and attach to real estate and how long they are enforceable. This course also touches on the collection of judgments and the effects of bankruptcy, foreclosure and the death of an owner on enforcing judgments.
Like-Kind (Sec. 1031) Exchanges: What Realtors Need to Know (1 hour)
An introduction to IRS “like kind” exchanges. It discusses the benefits as well as the rules governing 1031 exchanges.
Other People’s Property (1 hour)
This course covers situations where real property is owned by “incompetent” and “incapacitated” persons, and the use of guardians and conservators in sales transactions.
Residential Title Insurance Coverage (1 hour)
A review of the different types of title insurance available in residential sales transactions, with an emphasis on the different coverages provided by standard and enhanced owner’s title insurance policies.
Surveys: The Basics and Beyond (1 hour)
Attendees of this course will learn about the elements and types of land surveys, as well as the purpose surveys serve in title insurance underwriting.
Tackling Troublesome Listings (1 hour)
Practical advice on addressing common matters in real estate sales transactions that complicate settlement.
Title Insurance: Five Horror Stories (1 hour)
A discussion of the importance of owner’s title insurance. This course begins with a review of the basics of title insurance including the differences between standard and enhanced owner’s title insurance policies. This course will then highlight five real life cases where a title defect cost the property owner lots of time, money and stress. These five costly situations could have been avoided with the purchase of an owner’s title policy at closing.
Understanding FIRPTA (0214022176, 1 hour)
A practical analysis of the Foreign Investment in Real Property Tax Act of 1980 for the real estate licensees, this course will discuss the application of FIRPTA, its exceptions and procedures for obtaining exemption from the withholding requirements.
Who Owns It? Title & Ownership to Real Estate in Virginia (1 hour)
This course provides an overview of the different types of tenancy. It also outlines what happens to property ownership upon the death of an owner. Attendees will also learn about the special issues involved when property is owned by a trust, corporation, partnership or limited liability company.