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Thursday, April 27, 2017

SMCC Offers Real Estate Principles and Seminar in Contract Writing

Learn the principles of real estate and how to write contracts in new classes offered at the South Mountain Community College Ahwatukee Foothills Center.

Registration is underway for Real Estate Principles I and II (one class offered at two different times). The principles class is intended to satisfy the State of Arizona’s requirement for 90 hours of pre-licensure education.

One class (REA201 7781) will run from Aug. 21 to Oct. 14, on Mondays from 6 to 9 p.m. and also on Saturdays from 8 a.m. to 4:30 p.m. The second class (REA201 7783) will be Aug. 22 to Nov. 28, Tuesdays and Thursdays from 6 to 9:30 pm.

The course will cover basics such as profession and license law, definition of real property, legal descriptions, right and interests in property, ownership, contracts, real estate economics, financing and foreclosure, land use, and valuation. The class will also cover advanced real estate including escrow procedures and title insurance, liens and encumbrances, advanced contracts, water rights, toxic waste and environmental hazards, agency ethics and professional relationships, real estate code and the Commissioner’s rules, investment, property management and government restrictions. Students must attend all classes. A certificate of completion will be provided at the end of the class.

Cost for the six-credit class is $405, plus textbooks. Out -of-state residents pay an additional cost. Location: 16233 S. 48th St. in Ahwatukee.

Next, the South Mountain Community College Ahwatukee Foothills Center will offer a Real Estate Contract Writing Seminar (REA290AH 7793) on Oct. 21 from 9 a.m. to 4 p.m. Cost for in-state residents is $49.50.

This course covers writing of basic real estate contracts — including purchase offers, counter offers, sales listing agreements, and riders. (Prerequisite: REA 180 or REA201 or current Arizona Real Estate license, or permission of the department via Dr. Cheryl Crutcher at the Ahwatukee Foothills Center.)

Completion of the course may apply to the six-hour contract-writing requirement for Arizona State Real Estate application and license renewal. Location: 16233 S. 48th St. in Ahwatukee.

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