2009-2010 Continuing Education

Description of Course Outlines Available:

For the real estate biennium starting December 15, 2008 and ending December 14, 2010, the State of Wisconsin has increased the Continuing Education requirements to Eighteen (18) hours, with a total of Six (6) courses, each one three hours long, and immediately followed by an exam of at least 15 questions in length.  This means that licensees will need three days of class (two classes per day) or six individual classes to complete their requirement.

The LORICK School will be offering CE classes for the 2009-2010 biennium starting in April of 2009.  Our schedule of all locations and dates/times can be found on our website at www.lorickschool.net.  Here is a brief overview of what each course will cover:

CE #1         Listing Contracts

                   This course will use the brand new WB-1 Residential Listing Contract – Exclusive                         Right to Sell to discuss the basic requirements of a listing contract, how to create                       and to terminate one and how to amend one.  We will also cover the agency models                    that exist, the how and why of agency disclosure, and the specific duties that we                        have as licensees for disclosure and for inspection.  Different business models will                       also be covered, as well subjects like inclusions & exclusions, commissions,                                procuring cause, named exclusions and others. 

CE #2         Offer to Purchase Contracts

                   This course will utilize both the WB-11 Residential Offer to Purchase and the WB-14                    Residential Condominium Offer to Purchase, and will systematically go through the                      highlights of each form.  We will cover acceptance and withdrawal, and types of                          delivery, as well as dates & deadlines.  Then we will address the differences                                 between optional contingencies & tests.  Earnest money & trust accounts will also                      be discussed, plus signatures on forms.  Finally, we will do an overview of the                             miscellaneous additional forms (amendment, notice, cancellation, etc.)

CE #3         New Developments

                   This course covers a wide variety of issues, including E-commerce & email delivery                    regulations, short sales and foreclosures, mortgage fraud, appraiser ethics and use                    value assessment.  We also cover a plethora of land use issues, including police                          powers, private restrictions, floodplains/wetland/shoreland zoning, and piers.                              Finally, we will discuss property dimensions, case law and legislative updates, fair                        housing and addenda.  It has something for every interest.

CE #4         Buyer Agency/Tenant Representation  Agreements

                   This course is new this biennium – it was previously part of the agency course, and                    there are still some similarities.  For example, we will be covering agency disclosure                    requirements, duties to customers & clients, how it is created and terminated, and                    the essentials of an agency contract.  But we also delve into issues like pre-agency,                    locating vs. negotiating on property, excluded properties, disclosing buyer agency                       status, plus compensation & incentives.  Finally, we will cover the differences                              between buyer agency and selling sub-agency.