Bulletin

 A full copy is in PDF form at the bottom of this page

Fayetteville Real Estate School
3035 Boone Trail Ext. Ste N, 

Fayetteville, NC 28304

910-676-8628
www.FayettevilleRealEstateSchool.com

School Bulletin

Date of Bulletin Publication: August 2022

Name of School: Fayetteville Real Estate School

Legal Name of School Owner: HomeVAriety, LLC 

Name of School Director: Nichole Blackman

Names of Full-Time School Officials and Faculty: Edward Blackman, Nichole Blackman

 Policies & Procedure Disclosure

Education Provider Certification

Fayetteville Real Estate School (FRES) is certified by the North Carolina Real Estate Commission. The Commission’s address is 1313 Navaho Drive, Raleigh, NC 27609. Any complaints concerning the Education Provider, or its affiliated instructors should be directed in writing to the Commission. A link to the Complaint Form is provided on the Commission’s homepage (ncrec.gov).

Per Commission Rule 58H .0204, the Education Provider must provide each prospective student with a copy of the Education Provider’s Policies & Procedures Disclosure (PPD) prior to payment of any non-refundable tuition or fee. The PPD, which is required by the NC Real Estate Commission, outlines Education Provider policies plus the rights and obligations of the Provider and the student. A signed certification that a student received a copy of the PPD must be retained by the Provider. 

NO STUDENT SHALL BE DENIED ADMISSION ON THE BASIS OF AGE, SEX, RACE, COLOR, NATIONAL ORIGIN, FAMILIAL STATUS, HANDICAPPING CONDITION, OR RELIGION.

Course Offerings

Fayetteville Real Estate School conducts:

 the Broker Prelicensing Course required to qualify to take the license examination to become licensed as a real estate provisional broker in North Carolina; and

 the Postlicensing Education Programneeded for a provisional broker to remove the provisional status of such license; and

 the annual Continuing Education (CEs) courses needed to maintain a real estate license on active status.

Broker Prelicensing Course 

Purpose of the Course 

Successful completion of the Broker Prelicensing Course is generally required to qualify for the North Carolina (NC) real estate license examination and to obtain a NC real estate broker license. The primary objectives of this course are (1) to provide students with the basic knowledge and skills necessary to act as licensed real estate brokers in North Carolina in a manner that protects and serves the public interest and (2) to prepare students for the NC real estate license examination. This course may only be offered by education providers certified by the NC Real Estate Commission. At Fayetteville Real Estate School, the Broker Prelicensing Course consists of a total of 80 instructional hours, including the end-of-course examination.

After passing the Prelicensing course, a student must submit a license application to the NC Real Estate Commission to be eligible to take the license examination. License application instructions are provided in the free publication Real Estate Licensing in North Carolina (RELINC) which is available on the Commission’s website at www.ncrec.gov. The minimum age requirement to obtain a real estate license in North Carolina is 18. 

Course Description 

Major topics addressed in the Broker Prelicensing Course  include basic real estate concepts and law, property taxation, land use controls, environmental hazards, brokerage relationships and practices, real estate contracts, real estate financing, closing a real estate sale transaction, real property valuation, property insurance basics, fair housing laws, landlord and tenant, property management, federal income taxation of real estate, basic construction, basic real estate investment, North Carolina Real Estate License Law and Commission Rules, and Trust Account Guidelines. Real estate mathematics is an important component of this course and calculations will be required. 

Eligibility Requirements for Course Completion Certificate 

To successfully complete the Broker Prelicensing Course and receive a course completion certificate, a student must: 

a) meet attendance requirements, 

b) timely submit completed in-class and take-home assignments, and 

c) pass the end-of-course exam with a minimum score of 80%. 

Annual Summary Report – 

Please note that FRES was not school during this time frame. FRES started as a provider in January of 2022.

During the July 2021 – June 2022 license year, Fayetteville Real Estate School (FRES) had _37_ students who initially enrolled in a Broker Prelicensing Course. Of that initial number, _13_ of those students successfully passed the course, _19_ of those students completed the course but did not pass the end-of-course exam, and _5_ students did not complete the course. 

License Examination Performance Report 

During the July 2021 – June 2022 license year, Fayetteville Real Estate School (FRES) had _7_ students take the license examination for the first time within 30 days of the Broker Prelicensing Course completion date. _5_ of those students passed, resulting in a _71.43_ % pass rate on the North Carolina license examination. 

Broker Postlicensing Education Courses

Purpose of the Postlicensing Program 

The primary objective of Postlicensing Education Program is to provide instruction at a level beyond that provided in the Broker Prelicensing Course on topics deemed to be of special importance to licensees. 

Per General Statute 93A-4(a1), provisional brokers must complete, within eighteen (18) months following initial licensure, a postlicensing education program consisting of ninety (90) hours of instruction in subjects determined by the Commission in order to retain eligibility to actively engage in real estate brokerage. 

The Postlicensing program consists of three 30-hour courses prescribed by the NC Real Estate Commission that may be taken in any sequence. Be aware that a postlicensing course will expire two (2) years after its completion date. When a provisional broker has timely completed all three (3) courses, the provisional status of the broker’s license will be automatically terminated by the NC Real Estate Commission. 

Course Descriptions 

Post 301 - Brokerage Relationships and Responsibilities 

Topics addressed in this course include a review of agency relationships in real estate residential and commercial sales and commercial property management transactions, a real estate broker’s legal duties to clients and customers, a step-by-step review and discussion of the functions and responsibilities of a real estate broker when working with sellers and buyers, a review of issues associated with transactions in progress when a broker leaves a firm, and a review of license status and education issues. 

Post 302 - Contracts and Closing 

Topics addressed in this course include selected basic contract law concepts, real estate sales contract preparation, sales contract procedures, buyer’s due diligence, closing procedures, Real Estate Settlement Procedures Act, closing disclosure preparation, contracts for deed, options, and selected real estate license status and education issues. 

Post 303 - NC Law, Rules, and Legal Concepts

Topics addressed in this course include general NC licensing requirements, brokerage compensation issues, the disciplinary process, specialized types of real estate, property management in NC, and miscellaneous laws and legal concepts.

Eligibility Requirements for Course Completion Certificate(s) 

To successfully complete a Broker Postlicensing Course and receive a course completion certificate, a student must: 

a) meet attendance requirements, 

b) timely submit completed in-class and take-home assignments, and 

c) pass the end-of-course exam with a minimum score of 75%. 

Broker Continuing Education Courses

Purpose of the Continuing Education Program

The primary objective of the mandatory Continuing Education Program is to help assure that licensees possess the knowledge, skills, and competency necessary to function in the real estate business in a manner that protects and serves real estate consumers and the public interest.

Per G.S.93A-38.5, brokers must complete eight (8) credit hours of instruction annually in subjects approved by the Commission in order to retain eligibility to actively engage in real estate brokerage. Per Commission Rule 58A .1702, the eight hours must be comprised of an Update course and four credit hours of elective courses. 

Course Description(s):

2022-2023 General Update (GENUP): 4 hours of instruction for brokers, approved and released by the Commission yearly. This class fulfills the annual continuing education credit for Real Estate Brokers as mandated by the North Carolina Real Estate Commission. The Commission changes the subject matter of this course each year. This year’s subject titles are Material Facts, Dual Agency, Licensing and Education, Law & Rule Changes.

2022-2023 Broker-in-Charge Update (BICUP): 4 hours of instruction for Brokers in Charge, approved and released by the Commission yearly. This class fulfills the annual continuing education credit for Real Estate Brokers as mandated by the North Carolina Real Estate Commission. The Commission changes the subject matter of this course each year. This year’s subject titles are Material Facts, Dual Agency, BIC responsibility, Licensing and Education, Law & Rule Changes.

Elective: Red Flags: This is a CE Elective 4 Hour Course (4 CE Credits). Students can increase their value as real estate agents by learning how to recognize “Red Flag signals that may

indicate property defects. Topics covered include: Red Flags: What Are They and What Causes Them? Inspecting for Red Flags Inside and Outside the Home, and Red Flags Associated with Environmental Hazards and Hazardous Materials. This course includes detailed home inspection techniques with illustrations and background information on asbestos, radon, lead, and other hazards. Limit your personal risk by being better informed.

Elective: Ethics This is a CE Elective 4 Hour Course (4 CE Credits). As a real estate professional, you can help raise the bar and improve the reputation of the industry. You can lead by example. This course will empower you to recognize and respond to ethical dilemmas, inspiring consumer confidence. Reviewing several articles of the National Association of REALTORS® Code of Ethics and draw from real-life ethical scenarios. This course meets the REALTOR® Code of Ethics Training Requirement.

Eligibility Requirements for Course Completion Certificate 

Per Commission Rule 58A .1705(a): 

In order to receive credit for completing an approved continuing education course, a broker shall: 

(1) attend at least 90 percent of the scheduled instructional hours for the course; 

(2) provide his or her legal name and license number to the education provider; 

(3) present his or her pocket card or photo identification card, if necessary; and 

(4) personally perform all work required to complete the course.

Registration, Enrollment, and Conduct

Registration

To enroll in a courses

CEs … Student must have a license, an email, and payment prior to class starting. In person students need to bring pocket card and ID to class. Online students need zoom, adequate internet speed, internet access, a webcam, and a well-lit environment, sitting upright in a classroom like environment. Must be able to show license and ID via webcam.

Prelicensing…  Online students need zoom, adequate internet speed, internet access, a webcam, and a well-lit environment, sitting upright in a classroom like environment. All students need to be at least 18 years of age.

Postlicensing… Student must have a license, an email, and payment prior to class starting. In person students need to bring pocket card and ID to class. Online students need zoom, adequate internet speed, internet access, a webcam, and a well lit environment, sitting upright in a classroom like environment. Must be able to show license and ID via webcam.

Tuition and Fees

Fayetteville Real Estate School accepts the following forms of payment: Cash, Credit, Zelle, PayPal.

Tuition must be received by: 1st Day of Class. As classes are made based on the number of students.

Attendance

• Students in an in-person or synchronous distance learning Broker Prelicensing Course must attend a minimum of 80% of all scheduled instructional hours. 

• Students in an in-person or synchronous distance learning Broker Postlicensing Course must attend a minimum of 90% of all scheduled instructional hours. 

• Early departures from CE courses delivered in-person or via synchronous distance learning are prohibited by Rule 58A .1705.

• Attendance will be closely monitored, including late arrivals and early departures from class sessions and from all scheduled breaks, during in-person and synchronous distance learning courses. All time missed will be recorded for each student. 

Course Cancellation or Rescheduling / Refunds

Fayetteville Real Estate School reserves the right to cancel or reschedule a course as needed. Students enrolled in a rescheduled or cancelled course will be given a minimum 1 days/ 24-hour notice of the cancellation or revised course schedule. 

If a course is cancelled or rescheduled, students will have the following options: Transfer or take the next class that meets enrollment count or receive a refund administered by the director or administrator. The secretary does not have access to provide a refund. You will need to speak with the director.

Withdrawals and Transfers / Refunds

A student may withdraw from a course by giving written notice to the Education Provider prior to the start of the course. In such event, the student will have the following options: Transfer or take the next class that meets enrollment count or receive a refund administered by the director or administrator. The secretary does not have access to provide a refund. You will need to speak with the director.

A student who terminates enrollment in a course either with written notice to the Education Provider or by no longer attending a course on or after 1stwill not be entitled to a refund of any portion of paid Tuition. 

Student Conduct

Students are expected to be professional, and respectful. Failure to do so will result in dismissal at the discretion of the instructor or moderator. Examples of poor behavior or conduct include but not limited to: include sleeping, talking out of turn, surfing the internet, texting, making or accepting phone calls, working on activities not connected to the course, driving, sitting in a car, drinking beer, not responding to moderator, logging off for more than 10 mins at a time, etc. 

Cheating

If a student is discovered to be cheating in any manner during an examination, the student will be immediately dismissed, will receive a failing course grade, will not be eligible for any retake or makeup policies, and will be reported to the NC Real Estate Commission [per Commission Rule 58H .0203(h)].

Fayetteville Real Estate School complies with the Americans with Disabilities Act (ADA) and strives to ensure that no individual with a disability as defined by the ADA is deprived of the opportunity to participate in a course. Students requesting special accommodations must let the instructor know and the

Course Schedules

Course schedules are published separately from this Policies & Procedures Disclosure. Schedules are posted on the Education Provider’s website www.fayettevillerealestateschool.com and are also available upon request. 

Language

All courses are taught in the English language. It is suggested that you are fluent in the English language.