In this introduction to the specialty, students learn the basics of land brokerage, such as: the various types of land; the land brokerage process; the importance of the 1031 tax-deferred exchange and how to use it; how to determine market value; what property rights and restrictions are involved; subdivisions and assemblage. The environmental and regulatory issues that land brokers must know and be ready to deal with are also stressed.
*This course is required to attain the ALC designation.
Author Overview: REALTORS® Land Institute
RLI The REALTORS® Land Institute is an affiliate of the over 900,000 - member National Association of REALTORS®. It is the only branch of the REALTOR® family focused on land brokerage transactions of five specialized types: (1) farms and ranches; (2) undeveloped tracts of land; (3) transitional and development land; (4) subdivision and wholesaling of lots; (5) site selection and assemblage of land parcels.
Originally named the Farm & Land Institute, it was organized in 1944, and has been dedicated for over five decades to improving the professional competence of its members in land brokerage. In addition to brokerage of the five main types that are unique to the Institute, its individual members frequently engage in other land specialties such as agribusiness, appraisal, consulting and management.
The REALTORS® Land Institute's main objective is to bring together real estate professionals interested in the improvement of their professional competence in activities related to land; including land brokerage, agribusiness, land management, planning and developing, appraising, acquisition, and any other land specialty areas. This goal is carried out through various programs. As a leading land education source, the REALTORS® Land Institute offers the only land education program. RLI also offers the Accredited Land Consultant (ALC) designation.
This designation is only awarded to those who meet strict requirements such as required Land University courses, experience in the field, involvement and service to the institute. RLI's National Marketing Sessions provide a national forum for members to represent client's interests, whether buying, selling, or exchanging. The Court of Marketing Excellence program was developed to recognize individuals within RLI that have the education, experience and accomplishments in Marketing Session participation and successful transaction marketing.
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Access to this product will expire in six months from the date of purchase. Following the six months, up to 2 three-month extensions can be purchased for $49 each.
Continuing Education Information
Not available for this course.