Accelerated Classroom Courses,
Important Notice.
The state of Hawaii has
mandated a new 60-hour salesperson curriculum effective January 1, 2006.
With the increase in hours, it is not practical to offer the Accelerated
format that I have done in recent years.
Until further notice I
am suspending classroom courses. At this time I offer the 60-hour
salesperson and the 80-hour broker courses in an Independent Study format
only.
Please go to our
website at
www.rickseiler.com and follow the links to Seiler School of Real Estate
and take a look at the Independent Study Course. Be sure to review the FAQ
(Frequently Asked Questions) section.
Hawaii Real Estate Licensing
No individual shall be eligible for
the licensing examination unless the individual is a United States citizen,
a United States national, or an alien authorized to work in the United
States, and of the age of majority (18), and has satisfactorily completed a
commission-approved prelicensing course for real estate salesperson or
broker, or its equivalent as determined by the commission. You must also
take and pass the State licensing exam; make written application for your
license; and pay the appropriate fees. As a "Salesperson" you must "hang"
your license with an existing brokerage company and conduct your real estate
activities under the supervision of the firm's Principal Broker. Or, you
may apply for your license and place it directly on an "inactive" status.
Education
Requirement:
Salesperson:
All requests for equivalency to the
educational requirements shall be submitted in writing, together with all
supporting documents of an official nature to the Hawaii Real Estate
Commission, 335 Merchant Street #333, Honolulu 96813 for its review, prior to filing the application for examination.
Department of Taxation Requirements
Anyone considering applying for a real
estate license should resolve all outstanding tax obligations with the Hawaii Department
of Taxation prior to submission of an application and preferably prior to taking the
prelicensing course and licensing examination.
State
Real Estate Exam
The State Real Estate Licensing Examination
program is administered by Promissor, under contract
with the Hawaii State Real Estate Commission.
Students must submit their own
test application, registration forms and fees directly to Promissor by the required deadlines.
Forms and detailed information on registering to take the State exam will be provided.
The exam has two parts; the
"uniform" portion covering general real estate principles and practices, and the
"State Law" section dealing with specific Hawaii statutes. Each section of the
exam is graded separately and requires a passing score of 70% for Salespersons and 75% for
Brokers. Candidates failing either portion of the exam must retake that
portion of the test, and
pay an additional testing fee. The exam consists of multiple choice questions only.
Your completion certificate from
Seiler School of Real Estate is effective for a period of two years from the date of issue,
allowing you to take the licensing exam any time during that period.
Anyone who successfully passes
the Salesperson or Brokers exam must apply for their license in writing within
two years of
the exam date, or their test scores will be declared invalid, and they must retake the
test. It is possible to apply for a license and have it placed directly on
"inactive" status, but the same licensing fees are required.
Course Content
Overview of the real estate
business, license laws, property description and characteristics, real estate economics,
real property interests, forms of and transfer of ownership, land use controls, law of
agency, law of contracts, working with the standard Hawaii form (DROA), mortgage concepts,
real estate financing, real estate valuation, real estate taxes and reporting
requirements, deeds and other means of acquiring property, closing and settlement
procedures, landlord tenant code, real estate property management and leasing, fair
housing and consumer protection and ethics and real estate regulations.
Attendance and Grades
The State requires a
minimum of 45 hours of classroom attendance for course certification for
salespersons; and 80 hours of classroom attendance for course certification
for brokers. Students must also
pass the class final exam to be certified. Passing grade is 70% or better
for salespersons; 75% or better for brokers.. With prior permission from the instructor,
students may be able to make up class hours missed.
Minimum Enrollment
A minimum enrollment of 15
students is required or the class may be canceled with a full refund of tuition and
registration fees. Decisions to hold or cancel classes will be made the first day of
class. Maximum class sizes vary by location.
Transfers
Registered students may
transfer to another scheduled class, (only one transfer is allowed) at no additional charge, providing they: #1. Make a
written request at least seven (7) days prior to the beginning date of the class they originally signed up for;
#2. Reschedule the new class within 6 months of the starting date of the original class. Seating will be on a space available basis.
Refunds & Withdrawals
Registration fee ($20.)
and textbook costs ($60.) are not refundable. The tuition portion ($269.) will be refunded
only if a student withdraws in writing at least seven (7) days prior to the first scheduled class or the
fee will be forfeited. No refund of tuition fees transferred from a prior class.
Refunds will take four to six weeks processing time. No substitution
of students allowed.
The instructor reserves the right
to dismiss any student who is disruptive or cheating on the exams. A refund of the tuition
will be done on a prorated basis.
Student comments.....
"Best course I've ever
taken." "Appreciated the emphasis on ethics."
"Excellent!" "Great sense of humor." "Rick kept
class interesting." "Lively presentation of subject
matter." "Knowledgeable and enthusiastic instructor."
"I haven't been in school for years but Rick made me feel comfortable
in class."
