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 (0214019151, 1 hour)
A discusses 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.
Comparing the NVAR and GCAAR Contracts (0214022576, 2 hours) NEW
This course discusses similarities and differences between the NVAR Residential Sales Contract and the GCAAR Sales Contract in detail. In particular, this class highlights the significant changes made since the transition from the Regional Sales Contract to separate jurisdiction specific contracts. Topics covered include deposits, financing, title, default and notice. Additionally, this course touches on the obligations of the parties under the contracts and the consequences for failure to meet those obligations.
Contracts (0214019136, 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.
Dealing With Death (0214022255, 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, Bankruptcy & Real Estate Settlements (0214021754, 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 (0214019363, 3 hours)
This course reviews the National Association of Realtors Code of Ethics as well as the Virginia laws applicable to real estate licensees. This course discusses the ethical duties that real estate agents have to their clients and customers, as well as the general public and other Realtors. Participants will hear about various ethics violations, enforcement of those violations and the applicable penalties. This is a required course.
Fair Housing (0214019169, 2 hours)
This course reviews both federal and Virginia fair housing laws. Participants will hear about the various forms of housing discrimination, the different protected classes as well as their obligations as real estate licensees to promote fair housing practices. This is a required course.
How to Prevent Settlement Delays (0214023036, 1 hour) NEW
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 (0214021755, 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.
Legal Updates (0214022326, 1 hour)
A summary of recent developments in the law that are important to real estate licensees, this course reviews recent legislation and pertinent case law. In addition, this course discusses flood insurance and the National Flood Insurance Program (NFIP). This is a required course.
Like-Kind (Sec. 1031) Exchanges: What Realtors Need to Know (0214021757, 1 hour)
An introduction to IRS “like kind” exchanges. It discusses the benefits as well as the rules governing 1031 exchanges.
Surveys: The Basics and Beyond (0214022133, 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.
Title Insurance Basics – Claims (0214021753, 1 hour)
This course begins with a review of the basics of title insurance including the differences between standard and enhanced owner’s title insurance policies. It also includes a discussion of common title claims, including judgments, unreleased deeds of trust and mechanics’ liens. This course will also outline some ways that a real estate agent can identify and address potential title issues prior to ratification.
Title Insurance: Five Horror Stories (0214021988, 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.
Title Insurance - Virginia History & Owner's Coverage (0214021756, 1 hour)
This course begins with a discussion of the origins of title insurance. It outlines common title issues, including judgments and unreleased deeds of trust. In addition, this course discusses the importance of title insurance as well as the differences between standard and enhanced owner’s title insurance policies.
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 (0214021758, 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.