NYS 30-Hour Remedial Custom Course:


The NYSDOS passed a law on July 1st of 2008 increasing the required number of educational hours for the Real Estate Salesperson course from 45-Hours to 75-Hours. The 30 Hour Remedial Custom Course is required for those who completed the 45 Hour Real Estate Salesperson Course prior to July 1, 2008 and did not apply for the Real Estate license on or before June 30, 2008. You will need to complete this course before submitting your real estate broker application to the Department of State.

Benefits of the 30-Hour Remedial Course: 


Advanced

In order to advance and evolve your Salesperson license to a Broker's license, it is required to complete the 30-Hours Remedial Course. The extra 30-Hours of education will introduce you to the new rules and regulations set forth by the NYSDOS. You can find the topics being covered at the bottom of the page or by Clicking Here.

Flexibility

The 30-Hour Remedial course runs on the same schedule as the Real Estate Salesperson Custom Course. The 30-Hour Remedial course is the final 10 SP modules, SP11-SP20. To complete the 30-Hour Remedial course you have to take all the SP module numbers from SP11 to SP20. The 30-Hour Remedial Custom courses allow you the freedom to choose any date and time that an SP module number SP11-SP20 is scheduled. You must complete all 10 SP numbered modules SP11-SP20 on your own time to complete the course.

Continuing Education

One of the 30-Hour Remedial Custom Course greater benefits are that of which it could be used to satisfy all of your Continuing Education requirements (NOT including 3.5-Hours of Fair Housing).

Learn & Save!

Any student that attends the 30-Hour Remedial Custom Course is entitled to a discount towards the 45-Hour Broker Course.

The 30-Hour Remedial School & State Exam: 


Once you have successfully completed the 30-Hour Remedial Custom Course, you will be eligible to take the School. The School Exam is administered by Leap EDU at a Leap EDU location.

The School Exam: 

The 30-Hour Remedial Course does require all students to take and pass the School Exam. Passing the School Exam will earn students 22.5 credits (NOT including 3.5-Hours of Fair Housing) of New York State continuing education credits.

The State Exam: 

There is no required NYS State Exam for the 30 Hour Remedial Custom Course, however, it is required that you pass the School Exam to complete the requirements of this course.

Once successfully passing your School, you will be eligible to take The 45-Hour Broker Course.

If your are searching for a licensed Real Estate Brokerage please feel free to visit our Job Placement Page










What topics will be covered?


Having to take the additional 30-Hours Remedial Course may sound like a lot at first. However, being able to obtain and evolve into a Licensed Real Estate Broker is a reward in itself.

Condominiums and Cooperatives
You will learn the difference between a CO-OP and a Condo. You will understand the difference between the two ownership forms. A description of the purchase analysis will be provided. Understanding the financing aspect of Condos and the the tax advantages.
Commercial and Investment Properties
You will learn the foundations needed to provide commercial and investment real estate brokerage services. Understand what buyers and tenants expect you to know about various property types. How to do a Financial Analysis and how investors compare opportunities. You will also cover commercial leases, Requests for Proposal, and Letters of Intent.
Environmental Issues
Covering the real estate issues that deal with asbestos, lead, mold, and radon in residential and commercial structures. Understand disclosure and record keeping for the presence of health hazards and environmental issues.
Income Tax Issues in Real Estate Transactions
Understanding the Taxpayer Relief Act of 1997 and learning about the Federal Income Tax Treatment. You will learn what are capital gains and review short-term gains, long-term gains, and the sale of a primary/principle residence $250,000/$500,000 rule. Federal tax rules on acquisition and subsequent financing will also be covered.
Land-Use Regulations
You will learn the bundle of rights that landowners have and the “As of Right Zoning”. You will review the private land use controls and deed restrictions covenants that pertain to state environmental quality review. You will also learn what power police have in regards to land owners, FHA approvals, and the zoning board of appeals.
Mortgage Brokerage
You will learn the purpose of taxation and why we tax land and improvements as opposed to sales and income taxes. You will learn how to calculate real estate tax. You will review assessed values, tax rates, the various taxing jurisdictions. You will also learn how to protest assessments, who is responsible for tax assessments, tax liens, and about the grievance board.
Municipal Agencies
You will learn the description and function of governing New York agencies such as city/town council, village board of trustees, planning board, zoning board, architectural review board, building department, planning department, and tax assessors.
Property Management
Learn how to effectively manage a property. Topics ranging from property maintenance,risk management, sustainable practices, and working with the board associations. This is a comprehensive overview of many of the elements to consider when managing properties.
Property Insurance
You will learn the purpose of Property Insurance and the choices that are made in purchasing property insurance. You will learn the difference types of policies, the standard coverage of home-property insurance, liability insurance, and medical insurance. Basic types of homeowners and tenant policies will be reviewed and the amount of insurance needed.
Real Estate Finance
You will learn how to properly deal with residential real estate financing and mortgage lending trends. This topic will cover special financing alternatives, government influences on real estate finance, new and affordable loans, seller financing, and all aspects of loans.
Real Estate Instruments - Contracts, Deeds, & Leases
Learn to negotiate contracts for your clients benefit and get the most. Understanding the laws of obtaining Deeds and executing leases will play a big role as well. The information taught in this topic will pay an instrumental role in your path to success.
Real Estate Mathematics
Almost every single transaction in real estate involves numbers, so therefore anyone pursuing a career in real estate should be proficient with numbers. This topic will help you perform numerical calculations with confidence. It will assist in sharpening the use of simple arithmetic in general, and in the field of real estate in particular.
Valuation Process
Learn the tools, techniques and process to how real estate is valued. You will learn how to identify the market value of a residential home and how to identify the market value of an income producing property. Understand the purpose of an appraisal. Increase your real estate transaction literacy and determine the fundamental building blocks of real estate value.
Taxes and Assessments
You will learn the purpose of taxation and why we tax land and improvements as opposed to sales and income taxes. You will learn how to calculate real estate tax. You will review assessed values, tax rates, the various taxing jurisdictions. You will also learn how to protest assessments, who is responsible for tax assessments, tax liens, and about the grievance board.