Real Estate Licensing

Transcription

1 WINTER SPRING 016 Minnesota Real Estate Licensing NEW! Complete Licensing Package ONLY $699 Education The classroom without walls Education anytime, anywhere

2 No two students schedules are exactly alike. That s why Kaplan offers you two distinctly different educational delivery vehicles to help you complete your licensing requirements. Each has unique advantages designed with the highest level of convenience and success in mind. WAYS to complete your education! Kaplan s comprehensive study solutions will provide you with the knowledge you need to succeed. We understand the Minnesota state requirements, and our courses contain the most current and accurate information available. Kaplan will provide you with the skills you need to get licensed and excel in your career. 1 With a few clicks of the mouse, Kaplan s innovative OnDemand virtual classroom helps you complete your required education on your terms: Our MOST POPULAR option! Anytime, Anywhere Your Own Schedule Interactive Learning Help When You Need It Convenient online learning anywhere you have access to the Internet. Start, stop, pause, and rewind each video lesson or segment as often as you like. Join our real estate experts in our state-of-the-art studio from your own home! Get personal attention with regular s and one-to-one phone calls. If you work best with set class times and enjoy lively discussions with instructors and classmates, this option is for you. Learn from state-approved instructors at one of our live classroom locations. See page 11 for locations and directions. The knowledge you need to succeed. Kaplan s comprehensive study solutions: Directly reflect what is tested on your exam to help you pass Provide the skills you need to help your clients and excel in your career Contain the most current and accurate information available The Requirements The state of Minnesota requires: 90 hours of licensing education Passing score on the License Exam License application to the Department of Commerce Three 30-Hour Courses Three courses fulfill the licensing requirements. Course 1 covers basic real estate principles and must be completed before taking the license exam. To enhance your chances of passing the exam on your first try, we recommend the optional Minnesota Real Estate Exam Prep course. Next, take Course and Course 3 covering Minnesota real estate practices. Minnesota License Exam To view all testing locations, visit Preregistration and advance payment are required. The exam consists of two parts. A general section covers general real estate knowledge, and the state section covers Minnesota law. Passing requires a minimum score of 75% on each section. 3

3 START Register for Course 1. You must complete Course 1 before taking the exam. Save by purchasing all of your courses in one convenient package. Minnesota Salesperson Complete Prelicense OnDemand Package Classroom Package $699 Attend Real Estate Exam Prep. (included in complete packages) Allow sufficient time before the exam for this highly recommended exam prep course. or $ Attend Course and Course 3. $849 4 Keep moving forward toward your new career by attending these required courses immediately after taking the licensing exam. 3 Take the exam. Preregister for your License Exam. To view all testing locations, visit Preregistration and advance payment are required. The name of the exam to register for is the Real Estate Salesperson State and General Combo. Note: the school code is 44. There are two ways to register: Online Registration: Visit and pay with your Visa or MasterCard. Registration by Phone: Call (4 hours a day) and register using the Automated Registration System. Otherwise, PSI registrars are available Monday Friday 6:30 am 7:00 pm and Saturday 10:00 am 4:00 pm. Pay with Visa or MasterCard. Come to the exam site with: Two forms of valid, current signature identification, one of which must be photo-bearing (preferably a driver s license) Original Course 1 Completion Certificate from Kaplan Simple calculator (non-programmable) Candidates may cancel or reschedule up to two days before the testing date without penalty. 6 Your -BY- Guide to Obtaining a Real Estate License Apply for your license. Your employing broker will help you complete and submit your license application. FINISH Complete Minnesota Salesperson Licensing Packages Live Class $ Hours of Instructor-Led Classroom Instruction (Course 1,, 3) Convenient settings in St. Paul and Bloomington. Minnesota Real Estate Prelicense Exam Prep Choose from or Live Class Real Estate Textbook Library* A complete selection of reference books *Your Real Estate Textbook Library includes the following titles: Minnesota Real Estate Principles Textbook National PSI Exam Prep Workbook Modern Real Estate Practice Textbook Practices of Minnesota Real Estate Workbook Interactive Study Group (Included with OnDemand Packages) OnDemand $ Hours of Instructor-Led Instruction (Course 1,, 3) Study anywhere, anytime! Minnesota Real Estate Prelicense Exam Prep Choose from or Live Class Real Estate Textbook Library* A complete selection of reference books Interactive Study Group Weekly live webinar Modern Real Estate Practice Workbook Minnesota Real Estate Exam Prep Course Workbook Your success on the licensing exam depends on your full understanding of the topics and concepts. That s why Kaplan Real Estate Education has developed an Interactive Study Group for our distance learning students! Interactive Study Groups cover national and state-specific content in live webinars designed to make distance learners part of the class through full access to our real estate industry experts. Join our expert faculty and other students for a lively discussion of topics. Prepare any questions you may have and bring them to the study groups; the goal is to reinforce key concepts covered in your courses and provide the opportunity for you to interact with Kaplan s faculty and learn from other students. 4 5

4 Header Individual Minnesota Salesperson Courses and Exam Prep Individual Minnesota Salesperson Courses Header SAVE $4 Minnesota 30-Hour Salesperson Prelicense Course 1 with Exam Prep Package with or Exam Prep $99* with or Exam Prep $349* This package contains all of the required education you need to sit for the Minnesota License Exam coupled with our dynamic exam preparation course that will provide the confidence you need on exam day! Included in this package are the Minnesota 30-Hour Salesperson Prelicense Course I and our premier Exam Prep course. Not only will the package prepare you to successfully pass your licensing exam, it will lay the foundation for a career in real estate. Minnesota 30-Hour Salesperson Prelicense Course I Minnesota Salesperson Exam Prep Textbooks Upon enrollment, you will be shipped the following textbooks: Modern Real Estate Practice, Modern Real Estate Practice Workbook, and Minnesota Real Estate Principles. Minnesota 30-Hour Salesperson Prelicense Course 1 $4* $74 This exam-focused 30-hour course is the first of three courses you need to successfully complete the 90-hour education requirement on your way to getting a Minnesota real estate salesperson license. You will learn the principles of real property law, ownership, and brokerage. You will also learn about the rights and interests you receive in real property, how they are properly recorded, and how the government can and does withhold certain rights. From financing, appraisal, and property management to federal fair housing laws, settlement math, and closing the transaction, you will cover it all. You are on a mission and your time is valuable don t waste it on unproven education providers or courses. Topics Include: The nature, description, and use of real estate Rights and interests in land Ownership and title transfer Recordation, abstracts, and title insurance Government programs and appraisal Minnesota Salesperson Exam Prep 0 Credit Hours or Exam Prep $99 Real estate contracts Basic real estate math Mortgages and lending practices Government programs and appraisal The client/broker relationship Minnesota license law Over 70 years of preparation has gone into the finest exam prep courses on the market today. These courses provide laser-focused review of exam content delivered by the industry s best instructors to ensure that you have no surprises on test day. Our updated materials reflect changes in the industry so you can be confident you are studying the topics that will prepare you for success. Each course starts with a diagnostic practice exam that allows you to discover your strengths and weaknesses by subject area and give you a reliable prediction of your performance on the PSI State Exam. Most importantly, it includes a comprehensive review of the most heavily tested content. *Enrollment includes Interactive Study Group Minnesota 30-Hour Salesperson Prelicense Course $4* $74 Prerequisite: Course 1 The course begins with an introduction to your career in real estate and quickly moves into the practice of real estate. You will learn how to evaluate a seller s property, complete a listing contract, complete a buyer representation agreement, financially qualify your buyer, and write your first residential purchase agreement. Instructed by industry experts you leave this course with a solid foundation in the practical application of today s typical real estate contracts. Topics Include: Career opportunities, selecting a company, traits and skills that contribute to success Understanding agency and representation How to conduct a walk-through and perform a competitive market analysis How to make a listing presentation and prepare a seller s expense sheet How to represent buyers Conventional financing options Buyer mortgage qualification and consumer protection laws How to prepare and present a buyer s expense worksheet Additional financing alternatives cash, contract for deed, and assumptions How to write and present your first Purchase Agreement Minnesota 30-Hour Salesperson Prelicense Course 3 $4* $74 Prerequisite: Course 1 and Course In Course 3 you will learn to market and sell a listing along with how to successfully manage a sale through critical steps that must be completed in order for the property to close. You will also learn the specifics required to sell condos or town homes and to lease residential property along with the process for selling short sale and foreclosure real estate. Housing structure, condition, and styles are comprehensively explored. In addition, our industry experts help you create a working business plan to successfully launch your real estate career. After completing Course 1, Course, and Course 3, and passing the Minnesota Real Estate Exam, you will be ready to apply for your real estate salesperson license. Your employing broker will help you complete and submit your license application to the Minnesota Department of Commerce. Topics Include: Marketing real estate Servicing and selling your listing How to get from the sale to closing Beyond the single-family home: condos, town homes, and residential leasing Short sales and foreclosures Houses: construction, condition, and architectural styles Launching your real estate career 6 7

5 Minnesota Salesperson Licensing Schedule Location Course 1 Exam Prep Course Course 3 Daytime St. Paul Jan 4 8 Jan 11 1 Jan 19 Jan 5 8 Bloomington Jan 5 9 Feb 1 Feb 8 11 Feb St. Paul Feb Feb 3 Feb 9 Mar 3 Mar 7 10 Bloomington Mar 7 11 Mar Mar 1 4 Mar 8 31 St. Paul Mar 8 Apr 1 Apr 4 5 Apr Apr 18 1 Bloomington Apr 18 Apr 5 6 May 5 May 9 1 St. Paul May 9 13 May May 3 6 May 31 Jun 3*** Bloomington May 3 7 May 31 Jun 1* Jun 6 9 Jun St. Paul Jun Jun 0 1 Jun 7 30 Jul 5 8*** Evening St. Paul Feb 6, Feb 9 Mar 4 Mar 7 10 Mar 14 17, 1 4 Mar 8 31, Apr 4 7 Bloomington May 9 13, 16 0 May 3 6 May 31 Jun 3 **, Jun 6 9 Jun 13 16, 0 3 W Weekend Bloomington Jan 3, 9 10 Jan Jan 3 4, Feb 6 7, St. Paul Feb 0 1, 7 8 Mar 5 6 Mar 1 13, 19 0 Apr 3, 9 10 Bloomington Apr 9 10, Apr 3 4 Apr 30 May 1, May 7 8 May 14 15, 1 St. Paul Jun 4 5, 11 1 Jun Jun 5 6, Jul 9 10 Jul 16 17, 3 4 Class Times Course 1 Daytime: 9:00 am 4:00 pm Evening: 6:30 pm 9:30 pm Exam Prep Daytime: 8:30 am 5:00 pm *Exam Prep May 31-Jun 1 is Tues-Wed Evening: 6:15 pm 10:00 pm Course Daytime: 8:30 am 5:00 pm Course Jan 19 is Tue-Fri Evening: 6:15 pm 10:00 pm **Course May 31 Jun 3 is Tue-Fri Course 3 Daytime: 8:30 am 5:00 pm ***Course 3 May 31-Jun 3 and Jul 5-8 are Tue-Fri Evening: 6:15 pm 10:00 pm Dates, times, and locations are subject to change. Please visit for the most recent information. Kaplan did everything in their power to prepare me to pass the real estate exam. Mike P. Real Estate Study Package $49 To purchase, call Modern Real Estate Practice Flashcards The Language of Real Estate (book) The Language of Real Estate (MP3) 8 9

6 Header Minnesota Broker Licensing Packages Header Broker Principles of Minnesota Real Estate with Exam Prep Package with or Exam Prep $95* Get all the support you need to succeed on the broker licensing exam in Minnesota with this all-inclusive package. This premium Minnesota Broker licensing package is created to give you the most effective licensing education and exam practice possible at a reduced rate. Not only will this package prepare you to successfully pass your broker licensing exam, it will also help move your career to the next level. This package includes the 30-hour Minnesota Broker Principles live classroom course along with Kaplan s premium online video OnDemand or Exam Prep course. You get the industry s best instructors, course materials, and classroom setting to satisfy your education requirement. You also receive Kaplan s finest Exam Prep course to sharpen you for exam day. This package fulfills all the educational requirements for your broker license and prepares you to pass the license exam on your first attempt! Broker Principles of Minnesota Real Estate Classroom Course This course is designed to teach the information you need to pass the broker s exam and also give you important information about how to be a good broker. We take an in-depth look at all of the Minnesota real estate laws and regulations. You ll also learn critical information to keep you legal, like trust account issues and how to comply with the agency disclosure requirements. You must submit your license application within 1 months of completing the Broker Principles course. Each applicant must have a minimum of three years experience. Exam Prep or This is the best way to get in gear to take the exam. It uses diagnostic practice exams, lectures, quizzing, and sample questions in the course workbook to prepare you for success on test day. This course should be attended as soon as possible after completing the Broker Principles course. You will want to take your broker licensing exam within a couple days of completing this Exam Prep course. Broker Principles of Minnesota Real Estate Schedule *Dates, times, and locations are subject to change. Please visit for the most recent information. Location Date Daytime St. Paul Jan 19 Bloomington Feb 5 St. Paul Mar 1 4 Bloomington Apr 11 4 Bloomington Jun 0 3 W Weekend St. Paul May 14 15, 1 Classroom Locations Our inviting classrooms and approachable instructors make learning fun and easy. You ll also enjoy free convenient parking and complimentary coffee. St. Paul (SP) Atrium Office Building East Entrance 195 Bandana Boulevard N, Suite 45, St. Paul, MN Bloomington (BL) BLN Office Park 051 Killebrew Drive, Suite 110, Bloomington, MN Old Shakopee R Continuing Education Your Continuing Education Requirements After Licensure The Minnesota Department of Commerce requires all new licensees to complete 30 hours of state-approved education during their initial licensing period. The licensee s initial licensing period will expire on the second June 30 after issuance. The first license year will be less than 1 months, followed by the second license year that will run from July 1 to June 30. The continuing education requirements for your first license renewal are as follows: 1 hour of mandatory agency representation and disclosure 1 hour of mandatory fair housing issues Required Module for your second license year. Each year, the Minnesota Commissioner of Commerce designates a course as the required module that will either be 3.75 or 7.5 credit hours. This course is required in the second license year. Elective Continuing Education. The remaining hours of education may consist of elective courses that are approved by the Minnesota Commissioner of Commerce. Kaplan offers a variety of topics for you to choose from in our dynamic live classroom locations. Can t get to a classroom? We have you covered! Our online continuing education courses may be accessed anytime, anywhere you have a connection to the Internet. To Register Call: Or visit

7 NEW! Complete OnDemand video licensing solution only available from Kaplan. NEW! Lower Pricing: Complete OnDemand Licensing Package only $699 Features Access your courses 4/7/365, when it is convenient for you Pre-recorded instructor-led video course Start, stop, and pause as often as you like You control the class time and length each time you log in Field videos show real-life examples and scenarios Course 1,, and 3 delivered via OnDemand Video instruction or exam prep FREE enrollment in our Interactive Study Group with live instructor access Kaplan delivered an end-to-end solution through its OnDemand courses and Interactive Study Groups. I would recommend them to anyone! Jason L Bandana Blvd N, Suite 45 St. Paul, MN MRKT-19893