10194185Real Estate Brokerage
Course Information
Description
Building on Real Estate Law and Sales, Real Estate Brokerage looks at real estate business management. This course meets the educational requirements for the Real Estate Broker license in Wisconsin. Completion of Real Estate Law and Sales is required before taking this course. Technical reading skills with sufficient test scores for placement into Written Communications is required.
Total Credits
4
Course Competencies
  1. Analyze business management as it pertains to a real estate brokerage
    Assessment Strategies
    Test
    Criteria
    you investigate office policies and procedures
    you analyze Wisconsin statutes that apply to real estate practice
    you analyze broker duties for general operation of a real estate business

  2. Develop and maintain real estate trust account(s)
    Assessment Strategies
    Test
    Criteria
    you analyze Wisconsin law as it applies to trust accounts
    you distinguish between journal entries, ledgers, and monthly reconciliation statements
    you distinguish between interest-bearing trust accounts, noninterest-bearing trust accounts, and client funds
    you analyze proper record keeping requirements
    you investigate trust account reporting for rental properties

  3. Investigate professional practices in a real estate brokerage business
    Assessment Strategies
    Test
    Criteria
    you analyze Wisconsin statutes that apply to real estate practice
    you analyze broker duties for general operation of a real estate business
    you explore ethical practices for operation of a real estate brokerage
    you analyze confirmation and disclosure of relationships in brokerage

  4. Supervise real estate agents
    Assessment Strategies
    Test
    Criteria
    you analyze the legal requirements to supervise real estate agents
    you examine the steps involved in real estate licensure
    you examine the educational requirements for continuing real estate licensure
    you analyze reporting requirements for real estate agents

  5. Analyze the appropriate use of real estate forms
    Assessment Strategies
    Test
    Criteria
    you verify the proper completion of a WB-1 residential listing agreement by the real estate salesperson
    you verify the proper completion of a WB-4 condominium listing agreement by the real estate salesperson
    you verify the proper completion of a WB-11 residential offer to purchase by the real estate salesperson
    you verify the proper completion of a WB-14 condominium offer to purchase by the real estate salesperson
    you verify the proper completion of a WB-36 buyer's agency agreement by the real estate salesperson
    you verify the proper completion of a WB-40 agreement by the real estate salesperson
    you verify the proper completion of a WB-41 agreement by the real estate salesperson
    you verify the proper completion of a WB-44 agreement by the real estate salesperson
    you verify the proper completion of a WB-45 agreement by the real estate salesperson
    you verify the proper completion of a WB-46 agreement by the real estate salesperson
    you verify the proper completion of appropriate addendums to various agreements by the real estate salesperson

  6. Investigate fair housing laws including federal lead based paint laws
    Assessment Strategies
    Test
    Criteria
    you differentiate between federal and state fair housing laws
    you identify protected classes under federal and state fair housing laws
    you analyze fair housing law prohibitions
    you investigate fair housing law requirements for advertising in a real estate transaction
    you evaluate the use of demographic data relating to protected classes
    you analyze the Americans with Disabilities Act (ADA)
    you identify how federal and state fair housing complaints are resolved
    you determine how to establish office procedures regarding fair housing laws
    you investigate federal lead based paint requirements in a real estate transaction