About Course
8 CE #270-102-ML2
Law Update covers various topics and reviews key areas and how they may impact your real estate business. Areas of discussion include but are not limited to IAR Frequently Asked Questions, E&O insurance, Trust Accounts, Title Issues, Fair Housing, and recent law updates. This course meets the mandatory requirement for license renewal, and the Iowa Real Estate Commission has approved it.
Course Content
Introduction
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Course Requirements
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Navigating the Course
The Professional Licensing Bureau
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License Administration
08:52 -
IREC Renewal & Instruction Tips
06:45 -
Law Updates
19:42 -
Errors & Omissions Insurance
12:53 -
Quiz: Professional Licensing Bureau
License Requirements
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Broker License Requirements
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Excluded Acts, No License Required
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Broker License Application Requirements
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Salesperson License Application Requirements
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Quiz: License Requirements
License Renewal
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Licensee Continuing Education Requirements
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Licensee Renewal Requirements
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Licensee Reinstatement
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Quiz: License Renewal
Broker Responsibilities
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Duties of Licensees
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Suspended and Revoked Licenses
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Supervision Required
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Closing a Real Estate Firm
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Advertising
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Support Personnel for Licensees
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Permitted Unlicensed Activities
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Prohibited Unlicensed Activities
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Quiz: Broker Responsibilities
License Termination and Transfer
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Salespersons Change of Employment
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Immediate Transfer of License Form
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Quiz: License Termination & Transfer
Agency
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Disclosure of Relationships
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Confidential Information
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Appointed Agency
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Single Agency: Seller or Landlord
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Single Agency: Buyer or Tenant
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Dual Agency
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Quiz: Agency
Fair Housing
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Civil Rights Act of 1968
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Other Acts of Discrimination
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Exemptions
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Advertising
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NAR Fair Housing Declaration
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Housing Point Video
17:13 -
Quiz: Fair Housing
Love Letters
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Love Letters or Liability Letters?
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Best Practices for Buyer Love Letters
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Quiz: Love Letters
Sherman Antitrust Act
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Anti-Trust Laws
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Quiz: Sherman Antitrust Act
Contracts
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Brokerage Agreements
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Listing Brokerage Agreements
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Enforcing a Protective Clause
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Presenting Purchase Agreements
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Contract Writing Reminders
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Video: Contract Writing Reminders
01:05:17 -
Quiz: Contracts
Trust Accounts
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Establishing A Trust Account
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Trust Account Maintenance
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Releasing Trust Account Funds
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Consent to Return Earnest Money
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Closing Transactions
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File Record Keeping
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Video: File Record Keeping
13:38 -
Quiz: Trust Accounts
MLS Clear Cooperation Policy
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Back Story
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MLS Policy Changes
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Frequently Asked Questions
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Quiz: Clear Cooperation Policy
Disciplinary Actions
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Commission Investigations
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Investigation Procedures
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Hearing on Charges
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Disciplinary Sanctions
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Prohibited Practices
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Quiz: Disciplinary Actions
Window to the Law
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Drone Photography
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Safety Best Practices
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Handling Multiple Offers
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Remote Online Notarization
NAR v. DOJ
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Course Disclaimer
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Timeline of the NAR Lawsuit
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Iowa Law Updates & MLS Rules
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NAR Fact Sheet
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Settlement Q&A
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Financing Q&A
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Settlement Overview
Frequently Asked Questions
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FAQ: Agency
13:04 -
Quiz; FAQ Agency
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FAQ: Disclosures
18:47 -
Quiz: FAQ Disclosures
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FAQ: Contracts
18:19 -
Quiz: FAQ Contracts
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FAQ: Prohibited & Permitted Activities
16:41 -
Quiz: FAQ Prohibited & Permitted Activities
Conclusion
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License Renewal Directions
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Student Affidavit Form