Post License Course (schedule)

The goal of this course is to enable the participants to perform the operations involved in the practice of real estate in a professional manner in accordance with license law and in a manner that protects the consumer.

	The Post License Course (2005) has been designed to be taught in 8 modules for a total of 30 hours.  Each module link provides specific information on GOALS, OBJECTIVES and a DETAILED OUTLINE of the subject matter to be taught.
	MODULE V  -  FROM CONTRACT TO CLOSING (2 HOURS)
	The goal of this section is to enable the participants to identify the tasks that must be performed to properly complete/close the transaction. OBJECTIVES: Participants will be able to: Assist/advise a buyer and/or seller in the various steps needed to properly complete/close the transaction.  Apply good communications with a customer or client during this phase of the transaction. A. Buyer Considerations (customs and practices vary) 1. Observe time conditions/limitations in the contract 2. Mortgage application 3. Appraisal 4. Home inspections 5. Homeowner' insurance 6. Survey 7. Alabama Wood Infestation Report & contracts 8. Title insurance 9. Home warranties 10. Walk Through 11. Funds to bring to closing (amount and type) B. Seller Considerations (customs and practices vary) 1. Observe time conditions/limitations in the contract 2. Mortgage payoff 3. Title insurance 4. Repairs 5. Things to be left in the home 6. Possessions and change of keys 7. Transfer or turn off of utilities C. Good Communications Make For a Smooth Closing 1. Schedule the closing 2. Communications between agents 3. Coordinate with the lender, title company, surveyor, termite company, attorney, etc. D. Closing E. Follow Up
	Central Alabama Real Estate Academy was  issued a Private School License by the State of Alabama Post Secondary Education license #1220-1 on May 3, 2004, and granted official approval as a real estate school by the Alabama Real Estate Commission,  school  code #76477 on May 11, 2004.   The first course of instruction,   60 - Hour Pre-License Course, began the first part of June 2004 with continuing education courses being taught throughout the summer of 2004.