GRI 108:  Financing; Government Effect on Real Estate; Cultural Diversity

Where: NHAR office, 115 Airport Road, Concord, NH

When: October 2-3; 8:30-9 a.m. registration, 9 a.m. to 5 p.m. program

Instructors: Alan Rice, Bob Quinn

Students learn about private property rights, governmental powers over land, the legislative process, the regulatory process, recent NH laws affecting real estate and recent federal laws affecting real estate.

Topics covered in Financing Part 1 include the elements of finance, sources of real estate finance (both primary and secondary), promary mortgage instrucments, contract for deed, discounting mortgages, APRs, loan applications, finance tips and mortgage fraud. Financing Part 2 advances and includes such topics as conventional loans, FHA and VA loans, portfolio loans, adjustable rate mortgages, lease option/lease purcahse, points, premium pricing and credit scoring.

Cultural diversity addresses the global marketplace and covers the growing ethnic population, responsibilities and penalties associated with the Patriot Act, types of foreign buyers of U.S. real estate, impact of Articles 10-11 of the Code of Ethics, impact of FIRPTA law on sale of foreign owned real estate, need and use of a Visa and withholdings on rental properties owned by foreign nationals.

To register by fax, click here.

The GRI designation

GRI stands for Graduate REALTOR® Institute. GRI is one of the most widely recognized designations available to real estate professionals nationwide. The REALTOR® Institute program has helped the best and brightest achieve a well-developed understanding of the real estate industry. The GRI designation is granted through State Associations whose courses of study meet the standards set by the National Association of REALTORS® and is available to NAR members only. Therefore, you must maintain your REALTOR® status in order to keep your GRI designation. Unlike other designations, there are no annual fees.

The program consists of one four-day module and six two-day modules. You must complete all modules and receive at least a 75 percent passing grade in order to obtain your GRI designation. Modules may be taken in any order and must be completed within five years from the student’s start date.

Reasons to consider earning the GRI designation:

• You will be more knowledgeable.
• Recent NAR studies show that REALTOR® members that have the GRI designation earn an extra $18,000 per year
• Increasing your education helps reduce risk and liability.
• Professional designations enhance your image.