Real Estate/ Continuing Education/ New Mexico/ Preparing a Market Analysis - Best Practices (4hr)

Preparing a Market Analysis - Best Practices (Education Elective)

$59

This product includes:

LICENSE RENEWAL PERIOD: 3 YEARS Elective Hours: 4 Mandatory Hours: 0 Total Hours: 4

Description

State Requirements

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)

Package Content:

State Requirements For New Mexico

New Mexico State Requirement Detail for Real Estate Continuing Education

Renewal Date: Every three years

Hours Required: 42 hours

Qualifying Brokers:

42 CE credit hours required every 3 years including:
- 12 hours: annual core courses (4-hour core course required in each year of the broker's licensing cycle)
- 8 hours: core elective courses
- 6 hours: qualifying broker refresher course
- 4 hours: ethics
- 12 hours: education electives

QBs must attend either a NMREC Commission Meeting or a NMREC Disciplinary Hearing once in their 3-year cycle for up to 3 hours or to the meeting or hearing adjournment into Executive Session whichever is first.

The CE Shop’s Offering: 24 hours

Reporting: The state does not require schools to report course completions.

Expiration Date of Course: Course expiration dates vary by course. Each individual course will have an expiration date listed in your account. See Terms & Conditions for more details.

Final Exams: Final exams must be passed with at least a 75% and may be taken as many times as necessary in order to pass.

Certificates: Immediately upon real estate course completion, The CE Shop will provide students with an electronic copy of the course certificate of completion. Certificates will remain in your account for a minimum of five years, should you need additional copies at a later time. Please refer to your renewal application to determine if you need to submit your certificate(s) of completion with your renewal. Course completion dates are recorded using Central Standard Time. Please note that the date on your certificate of completion will reflect this.

Post-Licensing: Associate Brokers licensed for the first time must complete the 30-hour New Broker Practices course within their first year of licensure. The CE Shop does not offer this course at this time.

License Renewal Process: The process to renew in this state is to log in to the licensing system online and follow the prompts to renew.

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