Capital Real Estate School Bulletin
Broker Pre-licensing Course:
This is a seventy-five (75) hour course designed to prepare students for the North Carolina Real Estate License Examination. The primary objective of this course is to provide students with the basic knowledge and skills necessary to pass the North Carolina real estate broker license examination and to attain licensure as licensed “provisional” real estate brokers.
Broker Post-licensing Courses:
As required by the North Carolina Real Estate Commission, newly licensed “provisional” brokers must take ninety (90) hours of post-licensing education within three (3) years of obtaining their brokerage license to remove the “provisional” status of their license. The 90 classroom hour post-licensing education program consists of three 30-hour courses prescribed by the Commission which may be taken in any sequence. These courses are entitled 301, 302 and 303. The courses may be taken in any order, but provisional brokers must satisfactorily complete at least one of these courses during each of the first three years following the date of initial licensure in order to retain the eligibility to actively engage in real estate brokerage. Upon completion of all three courses by a provisional broker, the provisional status of the brokers’ license will be terminated by the Commission.
301 - Broker Relationships and Responsibilities - 30 Hours:
Advanced review of agency relationships and legal duties to clients and customers, a step-by-step review and discussion of the functions and responsibilities of a real estate agent when working with residential sellers and buyers, a review of issues associated with transactions in progress when an agent leaves a firm, and review of license status and education issues.
302 - Contracts and Closing - 30 Hours:
Legal analysis of contracts and closing documents associated with real estate transactions. This includes contract law concepts, real estate sales contract preparation, sales contract procedures, buyer’s due diligence, closing procedures, RESPA, closing statement preparation, contract for deed, options, and real estate license status and education issues.
303 - Selected Topics - 30 Hours:
A broad sampling of real estate issues, including commercial brokerage, residential property management, land use controls, loan fraud, brokerage compensation issues, license law issues and case studies, selected fair housing issues and case studies, establishing a brokerage firm, manufactured and modular housing, and short sales.
Continuing Education and Update Courses:
Every licensee must complete eight (8) hours of continuing education by June each year in order to remain on active status. This educational requirement includes the 4-hour NCREC-sponsored Update course. Capital Real Estate School is committed to bringing its students the most relevant and highest quality educational courses available. Please feel free to suggest relevant topics for future courses that will benefit your professional development.
Capital Real Estate School’s Policies
NO STUDENT SHALL BE DENIED ADMISSION ON THE BASIS OF AGE, SEX, RACE, COLOR, CREED, NATIONAL ORIGIN OR RELIGIOUS PREFERENCE, HANDICAPPING CONDITION, OR FAMILIAL STATUS.
Please Read Prior to Enrollment
Entrance Requirement for Broker Pre-licensing Courses:
There is a minimum age requirement of eighteen (18) to obtain a broker’s license in North Carolina. Therefore, Capital Real Estate School will only allow individuals eighteen (18) years or older to matriculate in our pre-licensing course.
Entrance Requirement for Broker Post-licensing Courses:
Possession of a current North Carolina broker license on "provisional" status is a prerequisite for enrollment in the post-licensing courses. Prospective post-licensing course students must present evidence of meeting this prerequisite at the time of enrollment. However, an individual may enroll for the purpose of qualifying for reinstatement of a license or pursuant to a disciplinary consent order issued by the NCREC.
Note: NCREC rules prohibit licensees from enrolling in a post-licensing course while the individual is taking another post-licensing course if such enrollment would result in the individual being in class for more than twenty-one (21) classroom hours in any given seven-day period.
Each student will be required to complete and execute a “Student Enrollment Contract” prior to course registration in a pre-license or post-license class. This agreement is required by the North Carolina Real Estate Commission and outlines the rights and obligations of Capital Real Estate School and of the student. Capital Real Estate School also utilizes the same contract for all update and continuing education classes to facilitate recordkeeping.
Tuition and Fees:
Capital Real Estate School accepts cash, checks and credit cards for full tuition at the time of enrollment. Full tuition payment is due prior to the start of a course. Course tuition includes student course materials. Approved textbooks are required for each pre-licensing course. Students whose checks are returned for non-sufficient funds (NSF) will be charged a $25.00 return check fee.
Broker Pre-licensing Course is $400 tuition plus current cost of textbook.
Broker Post-licensing Courses are $225 tuition per 30-hour course plus current cost of textbook.
Continuing Education Courses are $60.00 per 4-hour course, plus the current cost of textbook.
Repeating any Course (after failing two examinations) is free if within one (1) year of initial enrollment in the subject course. In the event any student fails a final examination after two attempts, Capital Real Estate School requires the student to repeat the course; however, Capital Real Estate School provides the class free of charge.
Capital Real Estate School reserves the right to cancel or reschedule any course prior to the first day of class. If Capital Real Estate School cancels a course, students may enroll in a future course or receive a full refund. Students who withdraw from a course prior to the final examination for a pre-licensing or post-licensing course may transfer to a future course without additional charge. If you are unable to attend or complete a 4-hour continuing education class for which you are registered, Capital Real Estate School will transfer your tuition to another Capital Real Estate School class within the same CE year; however, pursuant to NCREC rules, you may not receive credit for any classroom hours already completed.
In conformity with NCREC rules, the minimum attendant required for satisfactory course completion for all pre-licensing and post-licensing courses shall be eighty percent (80%) of all scheduled classroom hours for the course. A student failing to satisfy this requirement will not be eligible to take the final examination and will be required to enroll in a future course subject to the same attendance requirements. Students must attend at lease 90 percent (90%) of all scheduled classroom hours for any continuing education course for satisfactory course completion.
Course passage shall be determined by a final written exam in accordance with NCREC rules. As such, students must achieve a minimum passing grade of seventy-five percent (75%), which demonstrates a mastery of the subject matter. A student who does not achieve a seventy-five percent (75%) or higher passing grade on the final exam may retake the final exam one time within ninety (90) days of the course ending date, at a date and time specified by the school. If a post-licensing retake exam is specifically requested by a student to be taken at the earliest possible opportunity, the school will provide a retake opportunity within seven (7) days of the request.
STUDENTS ARE REQUIRED TO TAKE THEIR FINAL EXAM ON THE LAST DAY OF THE SCHEDULED CLASS. IFA STUDENT DOES NOT TAKE THEIR SCHOOL EXAM AS REGULARLY SCHEDULED, THE STUDENT IS ELIGIBLE TO TAKE ONE EXAM AT ANOTHER TIME BUT FORFEITS THEIR OPPORTUNITY TO RETAKE THE EXAM IF THEIR SCORE IS BELOW SEVENTY-FIVE PERCENT (75%).
Students are expected to participate in classroom discussions, complete all assignments and to behave in a manner conducive to classroom instruction. Dismissal without recourse or course retake will be imposed for behavior that, in the sole judgment of the instructor or staff, negatively impacts instruction or student learning. Students are not permitted to bring a cell phone to class on the day of the final exams. Any use of such electronic device during a midterm or final exam will result in immediate failure and dismissal without recourse. No visitors, children, or pets will be allowed without prior approval.
Students are allowed to utilize electronic devices such as cellular phones, computers, tablets, and the like during classroom instruction so long as such devices do not disrupt classroom instruction. However, these devices will not be allowed into the classroom during examinations, so students must make arrangements to possess basic calculators for any classes that include the need for a calculator.
Individuals requiring reasonable accommodations under the Americans Disabilities Act (ADA), in order to participate fully in an educational event, should contact Capital Real Estate School staff prior to registration.
July 1, 2015
Name of School:
Capital Real Estate School
Capital Real Estate School is licensed by the North Carolina Real Estate Commission to conduct real estate pre-licensing and post-licensing courses and is approved to sponsor continuing education and update courses.
Name of School Owner:
Capital Real Estate School, LLC
Name of School Director:
Pamela M. Vesper, J.D.
Name of Full-Time School Officials:
Pamela M. Vesper – Member/Manager
Deborah T. Henry – Member
Pamela M. Vesper
Any complaints concerning Capital Real Estate School should be directed to:
North Carolina Real Estate Commission
Attention: Education Division
PO Box 17100
Raleigh, NC 27619-7100
CERTIFICATE OF TRUTH AND ACCURACY
I certify that the policies and information contained in this bulletin are true and correct and Capital Real Estate School will abide by the policies expressed herein.
Pamela M. Vesper, J.D.