12-Hr. IN Managing Broker Partial CE Package #2
This package includes 12 of the 36 required hours for Managing Broker active license renewals.
Courses included in this package:
- Brokerage Operations in Indiana (4 mandatory hours)
- Managing Risk in Your Real Estate Business (4 mandatory hours)
- Preparing a Market Analysis - Best Practices (4 elective hours)
Launching a brokerage requires a well-considered mission vision, appropriate planning, and implementation. But once you’re up and running, operating a brokerage requires a knowledge of work structures, information and communication systems, and facilities management, among many other skills.
This four-hour course explores the many facets of operating a real estate brokerage.
Course highlights:
- How to create and implement a solid business plan
- How to adapt new operational strategies when growth occurs
- The difference between a centralized and decentralized operation
- How to plan for technology and communication needs
- Legal issues related to site configuration
- How ownership structures relate to the life-cycle of a brokerage
When things go wrong in a real estate transaction, consumers often look to the licensee as the cause. To protect yourself, and to protect consumers, it’s important to understand the areas in which risk occurs and how to employ effective risk management strategies. That's what you'll find in this course.
Course highlights:
- Risk management concepts and key terms
- Common high-risk areas
- How to minimize risk with trust fund handling, contract preparation, and multiple offer situations
- Online risk management strategies
- Risk exposure related to fair housing, advertising, and duties
- Checklists for creating a detailed data security and privacy plan for your business
- How errors and omissions insurance can protect you from certain liabilities, and activities it does not protect
- Activities and scenarios to reinforce key concepts
Whether for a buyer or seller, the comparative market analysis, properly done, can mean several thousands extra dollars in their pockets, and can determine whether a deal can be struck at all. But because it’s such a well-worn tool, it’s tempting for a licensee to get complacent with the CMA, and “phone it in.”
Don’t be that licensee!
This course covers the how-tos of a professionally researched comparative market analysis.
Course Highlights:
- The three-step approach to market analyses: the market, the property, the numbers
- Sources for subject property data and market data
- How to prioritize criteria when selecting comparables
- How to adjust and homogenize selected comparables
- How to weight selected comparables when selecting a list price range
- How to use expired and active listings to inform pricing strategy
- Market readiness strategies for the seller and the property
- Listing strategies
- Negotiating strategies for any market (creating win-win transactions)
State Requirements For Indiana
Indiana State Requirement Details for Real Estate Managing Broker Continuing Education
Renewal Date: 6/30 every three years
Hours Required: 36 hours (12 hours is required for each year of the 3-year renewal cycle)
- 12 mandatory hours
- 24 elective hours (these hours can be made up of either elective or mandatory courses)
Indiana Professional Licensing Agency - Real Estate Commission
Street Address: 402 West Washington Street, Room W072, Indianapolis, Indiana 46204
Telephone: 317.232.2960