CE: All About Condos

REGISTRATION FOR THIS CLASS HAS BEEN CLOSED

There are over 49,000 Common Interest Developments (CID) in the state of California with probably over 9 million people living in them, according to the California Law Revision Commission, citing Levy & Erianger, 2010 California Community Association Statistics 1, (2020). This course is designed to give you the competitive and knowledgeable edge when listing or selling a CID property.

This class will help you understand the terminology, governing documents, transferring of ownership, and many other issues when involved in the sale. This course will provide you with vital information that is correct and current needed to serve this unique market.

How you will benefit from taking this course:

• Learn what a CID is and why this has become a popular type of homeownership for so many
• Receive the information needed to show, list and sell a CID property
• Understand the loans and programs available for financing a CID property
• Discover what the necessary documentation is needed by the seller
• Review the disclosure documents that are usually included

This course covers:

Definition of a CID
The four types of CIDs
The Homeowner Association
Policy
Dues/Assessments
Violations and Fines
Meetings
Minutes
Board of Directors (BOD)
CID Documents
Costs
Transfer fees
Governing Documents
Articles of incorporation
Subdivision Map
CC&Rs (including use restrictions)
Bylaws
Rules and Regulations
Architectural Standards
Additional disclosures
Can rules be changed?
What happens when rules are broken?
CIDS Management Companies and their roles
Self-Management
Professional Management
Full Management
Financial Management
Managers
Showing and selling CIDS
Financing for CIDS
FHA
Fannie and Freddie Mac (FNMA/FHLMC)
Portfolio Lending (Banks lending Depositors’ funds)
Important HOA factors affecting qualifying buyers

Participants will receive 3 Hours CA-DRE Continuing Education credit

Education Payment Options
If you would like to pay for a course offered by the Tahoe Sierra Board of REALTORS, visit this page: Pay for Education, complete the form and proceed to checkout.  You may pay for multiple courses at once.  Please register for the course before submitting payment.  You may view course options on the Education page.

If you wish to pay by check, please mail your check, along with a copy of this registration form to: PO Box 3744, Olympic Valley, CA 96146, Attn: Education.

Additional Instructions: Payment must be received 72 hours after class registration.  Cancellations must be received 24 hours prior to class in order to be eligible for a refund.