Policies and Procedures of Disclosure

EFFECTIVE DATE: July 1, 2020

SCHOOL DIRECTOR: Gam Bates

Triad Real Estate School NC (TRESNC) is owned and operated by Wythe Advantage, Inc. located in Raleigh, North Carolina. The School offers Broker Pre-Licensing, Broker Post-Licensing and Continuing Education classes. Gammel D. Bates, Jr. is the Director of the School. Beverly H. Godfrey and Edwin W Speas III are Officials for the School. Janice Irwin is the School Administrator. The TRESNC instructors are: Suprena Fay, Jim Walker, and Calvin Cox.

PURPOSE OF SCHOOL:

TRESNC conducts the Broker Prelicensing Course required to qualify for the license examination to become licensed as a real estate provisional broker in North Carolina and the Postlicensing Education Program required for a provisional broker to remove the provisional status of such license.

 

SCHOOL LICENSURE:

TRESNC is licensed by the North Carolina Real Estate Commission.

Any complaints concerning the school should be directed in writing to:

North Carolina Real Estate Commission

Attn: Education and Licensing Division

PO Box 17100

Raleigh, NC 27619-7100   919-875-3700

 

Per Commission Rule 58H .0205: the School must provide each Prelicensing and Postlicensing course student with a copy of this School Bulletin prior to payment of any non-refundable tuition or fee. The Bulletin, which is required and approved by the North Carolina Real Estate Commission, outlines School policies plus the rights and obligations of the School and the student. A signed certification that a student received a copy of the Bulletin must be retained by the School. 

ENTRANCE/ADMISSION REQUIREMENTS:

No student shall be denied admission on the basis of age, sex, race, color, familial status, national origin, handicap status or religious preference. Triad Real Estate School NC requires students to be at least 17 years of age. Applicants for licensure by the NC Real Estate Commission must be 18 years of age at the time of the application. A high school diploma is not required but is strongly recommended.

REGISTRATION:

Enrollment for classes is open from the time the course is posted on our website until 24 hours prior to the start of the first meeting of the class OR when the class reaches enrollment capacity. Each student must sign a certification prior to the start of the first class which sets forth the basic rights and obligations of both the School and the student, serves as confirmation that this bulletin has been received by the student, and which has been approved by the North Carolina Real Estate Commission.  Information regarding class schedules and registration is available on our website.

RESCHEDULING OR COURSE CANCELLATION:

Triad Real Estate School NC reserves the right to cancel or reschedule a course as needed. Should the course be canceled, should the course be postponed for more than two weeks, or should meeting days/times be changed, the student will be entitled to a full refund of tuition or transfer to a comparable class, at the student’s request.

SPECIAL PROVISIONS:

Students with special needs must notify Triad Real Estate School NC in writing no later than 5 business days prior to the first day of class if they require specific accommodations for attending class and/or taking tests. The School Administrative office will review the request with the School Director and issue the student an Accommodations Agreement no later than the first day of class if the request can be granted. If the student wishes to accept the agreement, the student must sign the document and return it to the Administrative office no later than the 3rd day of class. The student must retain a copy of the signed agreement and provide it to the instructor at the time the accommodations are required.

TRESNC complies with the Americans with Disabilities Act 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.

STUDENT PARTICIPATION AND CONDUCT STANDARDS:  While in class students must direct their active attention to the instruction and refrain from engaging in unrelated activities. Unacceptable activities include, but are not limited to: operating a cell phone; operating a laptop or tablet for non-class-related purposes; or any activities which are distracting to other students or the instructor. Students are expected to conduct themselves in a professional manner. At the discretion of the instructor, a disruptive student may be expelled with no recourse or refund.

MISCELLANEOUS:

Students are not permitted to bring laptops, tablets, cell phones or similar electronic devices (other than a basic calculator) to the classroom on the day of an exam. Any student who brings such a device to the classroom on the day of an exam will be required to remove it from the classroom before the exam commences. If a student is discovered to be in possession of such a device or cheating in any other manner during an exam, the student will be immediately dismissed, will receive a failing 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 .210(h)].

Smoking is not permitted in the building. Food and drink are permitted in the classroom as long as it is not a distraction to other students and does not become a sanitation issue.

Courses at TRESNC are open to enrolled students only.  Enrolled students may not bring visitors or guests to the classroom without prior approval of the School Director.

BROKER PRELICENSING COURSE

PURPOSE:

The primary objectives of the Broker Prelicensing Course are (1) to provide students with the basic knowledge and skills necessary to act as licensed real estate brokers in NC in a manner that protects and serves the public interest and (2) to prepare students for the NC real estate license examination. At this School the Prelicensing course consists of a total of 76.5 classroom hours of instruction, 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 which is available on the Commission’s website at www.ncrec.gov.

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 North Carolina Real Estate Commission Rules, and Trust Account Guidelines. Real estate mathematics is an important component of this course and calculations will be required.

TUITION AND FEES:

Cost of tuition for the Prelicensing class is $450.00 which includes the textbook. If student already has the required textbook, TRESNC will discount $25.00 off the course fee. The course textbook is the current edition of Modern Real Estate Practice in North Carolina published by Dearborn Publishers. Textbooks may be picked up on designated Book Pick-Up Days at our administrative office on Stratford Road.

If a student fails the Prelicensing course, the student may take a future course once within 6 months from the completion date of the initial course for which he/she was enrolled at the reduced cost of $200.

Students wishing to transfer to another course after registration will be allowed a one-time transfer at no charge.  Subsequent transfers, and all transfers after the beginning of class, will incur a $15 transfer fee.  Transfers after the second class meeting will require special approval from the director, and will only be considered in severe extenuating circumstances on a case by case basis.

Students must  make a non-refundable minimum payment of $55.00 in order to pick up their book to begin the pre-class reading assignment. The remaining balance of $395.00 must be received no later than the first day of class.

All payments must be made by credit/debit card, check or money order. We do not accept cash. If a student provides a check which is then returned for non-sufficient funds, payment must be made by certified check no later than the second day of class.

WITHDRAWAL AND REFUND POLICY:

A student who withdraws from a course prior to attending the second scheduled class will be refunded all monies minus the registration fee ($55.00), which will be retained by TRESNC. After attending the second class, no refund will be made; however, the student may enroll in one  future course for $200.00 as long as the student enrolls for a course which commences within 6 months from the scheduled completion date of the original course for which he/she was enrolled. Otherwise, the full tuition price of $450 will apply.

When a student satisfactorily completes the Broker Pre-Licensing Course, he/she will be qualified to take the North Carolina real estate broker license examination.

ATTENDANCE:

A student enrolled in the Broker Pre-Licensing Course is required by the NCREC to attend 80% of all scheduled course hours. Any student who does not maintain the necessary attendance will be deemed as having not completed the course and will receive no credit. Once a student has missed more than 20% (15.3 hours) of a course, the student is NOT ELIGIBLE to take the end of course examination. Attendance will be monitored, including all late arrivals and early departures.

GRADING:

The student must complete the course with a minimum grade of 80% on the final exam. Mid-term tests and take home exams will be given for practice throughout the course. These tests are for additional practice only and do not count towards the final course grade. Students may not review the examination after grading.  A grade of less than 80% on the final exam will result in the student not passing the course. Any student who does not pass the course shall be given one opportunity to retake the entire course at a cost of $200 as long as the retake course commences within 6 months from the completion date of the initial course for which he/she was enrolled. 

One retake of the final exam will be scheduled by the instructor within 10 days of the original final exam date for those students who fail the initial exam.

            Per Commission Rule 58H .0210(f): A Prelicensing or Postlicensing course student who does not pass the final exam within 30 days of the last scheduled day of the course must retake the entire course to be entitled to take the final exam again. All minimum requirements that applied to the original course, including attendance requirements, will apply to a retake of the course.

BROKER POSTLICENSING EDUCATION PROGRAM

PURPOSE:

The primary objective of the 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 Commission Rule 58A .1902(b): A provisional broker . . . shall complete all Postlicensing courses pursuant to Paragraph (a) of this Rule within 18 months following the date of initial licensure. (c) If a provisional broker fails to complete the required Postlicensing courses pursuant to Paragraph (b) of this Rule, the provisional broker's license shall be placed on inactive status.

COURSE OFFERINGS:

The 90-classroom-hour Post-Licensing education program consists of three 30-classroom-hour courses prescribed by the Commission which may be taken in any sequence. However, the Commission recommends the following course number sequence (301, 302, & 303), as course materials were developed with that sequence in mind. Each Broker Post-Licensing Course includes a final exam.

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 Commission.

Per Commission Rule 58A .1902(a): The 90-hour Postlicensing education program . . .  shall consist of the following three 30 instructional hour courses prescribed by the Commission:

(1) Broker Relationships and Responsibilities (Course # 301)

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.

(2) Contracts and Closing (Course # 302)

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 real estate license status and education issues.

(3) NC Law, Rules, and Legal Concepts (Course #303)

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

ENTRANCE/ADMISSION REQUIREMENTS ADDENDA FOR POSTLICENSING:

Per Commission Rule 58H .0209: A school shall not enroll an individual in a Postlicensing course if the first day of the Postlicensing course occurs while the individual is enrolled in a Prelicensing course.

Per Commission Rule 58A .1904: A provisional broker is subject to withdrawal or denial of Postlicensing education credit by the Real Estate Commission if s/he enrolls concurrently in Postlicensing courses (at the same or different schools) that result in the provisional broker being in class more than 30 classroom hours in any given seven-day period.

TUITION AND FEES:

Cost of tuition for the Postlicensing class is $225.00 per 30-hour course. Tuition does not include the textbook. There will be an additional textbook cost of $55, if a student does not have the current textbook. The Broker Post-Licensing course textbook is the current edition of North Carolina Real Estate Manual by Hetrick, Moylan and Outlaw and it is the textbook required for all three Postlicensing courses.  An additional requirement for course #303 is the current NC License Law & Commission Rules booklet ($4.00).  Both the textbook and the Law & Commission Rules booklet may be obtained from TRESNC or from the NC Real Estate Commission website (www.ncrec.gov). TRESNC allows students to use the online versions of both publications during synchronous distance classes.

If a student fails a course, the student may take one future Broker Post-Licensing course at a cost of $100.00, as long as the retake course commences within 6 months from the completion date of the original course for which he/she was enrolled.

Students wishing to transfer to another course after registration will be allowed a one-time transfer at no charge.  Subsequent transfers, and all transfers after the beginning of class, will incur a $15 transfer fee.  Transfers after the first class meeting will require special approval from the director, and will only be considered in severe extenuating circumstances on a case by case basis.

All payments must be made by check, money order, or credit/debit card only. We do not accept cash.

WITHDRAWAL AND REFUND POLICY:

A student who withdraws from a course prior to attending the second scheduled class will be refunded all monies. The cost of the book ($55), if purchased, is non-refundable.  After attending the second class, no refund will be made; however, the student may enroll in one future course for $100.00 as long as the retake course commences within 6 months from the completion date of the initial course for which he/she was enrolled.

ATTENDANCE:

A student enrolled in any of the 30-hour Broker Post-Licensing Courses is required by the NCREC to attend at least 90% of all scheduled course hours. Any student who does not maintain the necessary attendance will receive no credit for the course. Once a student has missed more than 10% (3 hours) of a course, the student is NOT ELIGIBLE to take the end of course examination.  Attendance will be monitored, including all late arrivals and early departures.

GRADING:

A student must complete all assigned work (in class and out of class) and must complete the final course examination with a grade of 75% or better in order to successfully complete the course. The student is allowed ONE opportunity within 3 days of the last scheduled class day to make up any missed course exam or to retake any FAILED course exam without repeating the course. A grade of less than 75% on the end of course exam will result in the student not passing the course. Any student who does not pass the course shall be given one opportunity to retake the entire course at a cost of $100 as long as the retake course commences within 6 months from the completion date of the initial course for which he/she was enrolled. Students may not review the examination. 

Per Commission Rule 58H .0210(f): A Prelicensing or Postlicensing course student who does not pass the final exam within 30 days of the last scheduled day of the course must retake the entire course to be entitled to take the final exam again. All minimum requirements that applied to the original course, including attendance requirements, will apply to a retake of the course.

STUDENT PARTICIPATION AND CONDUCT STANDARDS:

The NC Real Estate Manual is required to be brought to all Post-Licensing classes. While in class students must direct their active attention to the instruction and refrain from engaging in unrelated activities. Unacceptable activities include, but are not limited to: operating a cell phone; operating a laptop or tablet for non-class-related purposes; or any activities which are distracting to other students or the instructor. Students are expected to conduct themselves in a professional manner. At the discretion of the instructor, a disruptive student may be expelled with no recourse or refund.

CERTIFICATE OF TRUTH AND ACCURACY

I CERTIFY THAT THE POLICIES AND INFORMATION CONTAINED IN THIS BULLETIN ARE TRUE AND CORRECT, AND TRIAD REAL ESTATE SCHOOL NC WILL ABIDE BY THE POLICIES HEREIN.

GAMMEL D. BATES, JR

EDUCATION DIRECTOR, TRIAD REAL ESTATE SCHOOL NC

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