Thomas School of Real Estate, LLC 

School Bulletin

 

Date of Publication: January 1, 2020

Legal Name of School: Thomas School of Real Estate, LLC.

Legal Name of School Owner: Thomas School of Real Estate, LLC.

Name of School Director: Bradley Thomas 

Names of Full Time School Officials and Faculty

Bradley S. Thomas- President, School Director, Instructor

Mandy Edwards-Thomas, Secretary/Treasurer

 

Purpose of School

Thomas School of Real Estate. The Thomas School of Real Estate conducts the North Carolina Broker Prelicensing course required to qualify for the license examination, to become licensed as a real estate provisional broker.

 School Licensure

The Thomas School of Real Estate also conducts Broker Postlicensing courses required by the North Carolina Real Estate Commission for Provisional Brokers to complete within 18 months of initial licensure. 

 Thomas School of Real Estate 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 & Licensing Division 

P.O. Box 17100, Raleigh, NC 27619 

 

Per Commission Rule 58H .0205: The School must provide each Prelicensing and Postlicensing course student with a copy of this School Bulletin prior to the 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.

 

NO STUDENT SHALL BE DENIED ADMISSION ON THE BASIS OF AGE, SEX, RACE, COLOR, FAMILIAL STATUS, NATIONAL ORIGIN, HANDICAP STATUS, OR RELIGION.

 

Prelicensing Course

 

Purpose of the Course: 

 

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 75 classroom hours, 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, the 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.  

 

Course Enrollment Requirements: 

The minimum age requirement to obtain a real estate license in North Carolina is 18. 

To enroll in the Broker Prelicensing Course at the Thomas School of Real Estate prospective students must register by registering on the website www.thomasnc.online 

 

 

Procedure for Requesting Special Accommodations at The Thomas School of Real Estate

 

The Thomas School of Real Estate 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. Students requesting special accommodations in the class must notify the school in writing before the course start date. Students with sensory, mental or physical disabilities that would prevent them from taking the examination under standard conditions may request special examination arrangements

 

Please Read:  

 Verification must be submitted to the school on the letterhead stationery of the authority or specialist and include the following: 

 

1. Recommended accommodation/modification; 

 

2. Name, title and telephone number of the medical authority or specialist;

 and 

3. Original signature of the medical authority or specialist.

 

 In your request, indicate any special arrangements you require (the request must concur with the documentation submitted.) The following are examples of accommodations that may be approved:

 

1. Large-print written examination

2. Extended time (amount of additional time requested) 

 

3. Reader (as an accommodation for visual impairment or learning disability)

 

Schedule of Tuition and Fees

 

The Thomas School of Reach Estate accepts the following forms of payment:  cash, or credit cards (Visa, MasterCard, AMEX or Discover). No personal checks are accepted. 

 

The Broker Prelicensing Course: $445. Each Student is required to purchase the required textbook. The required textbook for the Prelicensing course is Modern Real Estate Practice in North Carolina 10th Edition-Fillmore W. Galaty, Wellington J. Allaway, Robert C. Kyle, Deborah H. Long, Contributing Author. The textbook can be purchased here.

 

https://portal.recampus.com/re/dearbornbookstore/store/portalcheckout/browse/RE_WHOLESALE_BKSTORE/525276?search=North+Carolina&category=AUDIO&field=t&pagenum=0&rowCount=10

 

Fees for the Broker Postlicensing courses are $225.00 each. The required textbook for the courses is The North Carolina Real Estate Manual which is published by the North Carolina Real Estate Commission. The cost of the book is $49.00. The textbook can be purchased here: North Carolina Real Estate Commission Publications

 

When is tuition due: Tuition is due in full by the start of a course.

 

Broker Postlicensing Courses

 

The broker Postlicensing courses are designed to provide additional real estate education beyond the Prelicensing course for provisionally licensed brokers. 

 

Per Commission Rule 58A .1902: Provisional Brokers must complete, within three (3) years following initial licensure “a postlicensing education program consisting of ninety (90) hours of classroom instruction in subjects determined by the Commission” [G.S.93A-4(a)1]. The program consists of three 30-hour courses, at least one of which must be completed in each of the first three (3) years following initial licensure in order to retain eligibility to actively engage in real estate brokerage.

 

The 90-hour Postlicensing Education Program consists of three 30-hour courses prescribed by the Commission which may be taken in any sequence. The NCREC recommends the following course number sequence (301, 302, & 303), as course materials were developed with that sequence in mind. When a provisional broker has timely completed all three (3) courses, the provisional status of the broker’s license will be dropped by the Commission.

 

Course Descriptions 

 

Postlicensing Courses

 

Broker Relationships & Responsibilities #301

This course will review the following topics:

·     Agency relationships in real estate residential and commercial transactions

·     Legal duties of the real estate broker to the client and customer

·     The functions and responsibilities of the real estate broker when working with buyers and sellers.

·     Issues associated with transactions that are in progress when a broker leaves a firm

·     A review of license status and education issues. (30 Hours)

 

Contracts and Closing #302

This course will review the following topics:

·     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

·     Selected real estate license status and education issues. (30 Hours)

 

NC Law, Rules, and Legal Concepts #303

This course will review the following topics:

·     General North Carolina licensing requirements

·     Brokerage compensation issues

·     The disciplinary process

·     Specialization in real estate

·     Property management in NC

·     Miscellaneous topics in NC law and legal concepts (30 Hours)

  

 

Course Cancellation or Rescheduling / Refunds

 

Thomas School of Real Estate School reserves the right to cancel or reschedule a course as needed. Students enrolled in a rescheduled or cancelled course will be given a minimum of two (2) days’ notice of the cancellation or revised course schedule.

 

If a course is cancelled or rescheduled, students will have the following options: a student may receive a full refund if unable to attend a course due to a scheduling change. Such refund must be requested in writing within seven (7) days of the rescheduling of a course.

 

Withdrawals and Transfers / Refunds- PLEASE NOTE: 

 

A student may withdraw from the Broker Prelicensing and Broker Postlicensing courses by giving written notice to the School prior to the start of the course. No refunds will be given after day one of the Broker Prelicensing course and no refunds will be given after day one of the Broker Postlicensing courses. 

 

A student who terminates enrollment in a Prelicense course or Postlicense course either with written notice to the school OR by no longer attending a course WILL NOT be entitled to a refund of any portion of the paid tuition. If a student would like to take another scheduled course, after already dropping out of a course, then full tuition for the new course will be due at that time. 

 

 

Student Progress and Grades

 

Student Conduct

 

 Students are expected to conduct themselves in a professional, adult manner. Dismissal without recourse will be imposed for behavior that, in the sole judgment of instructor or staff, reflects negatively on the Thomas School of Real Estate. 

 

Cell Phone Policy

 

Cell phones are permitted in the Thomas School of Real Estate; however, no student will be permitted to allow their cell phone usage in class to become disruptive towards the learning of other students in class. Therefore, students are expected to place cell phones on silent during instruction. If a student must answer a call, then they must leave the classroom to do so. Answering a phone during instructional time is STRONGLY discouraged as time out of the room is considered as part of absenteeism.

 

Attendance 

 

All students are expected to attend class in order to prepare for the final examination. 

 

Broker Prelicensing Course students must attend a minimum of 90% of all scheduled classroom hours. A student can miss up to 7 hours of a course and still receive credit.

 

Please Note: Attendance will be closely monitored, including late arrivals and early departures at the beginning or end of every class session or any scheduled break times. All class time missed will be recorded for each student. NOTE: a student may not “make-up” a missed class or any portion of a missed class by attending class sessions in another course.

 

Broker Postlicensing students must attend class a minimum of 90% of all scheduled classroom hours in order to receive credit for the course. A student can miss up to 7 hours of a course and still receive credit 

 

Please Note: The Thomas School of Real Estate offers all courses online and in a synchronous learning format. This means all students must have a computer with a camera. They must remain visible

 

 

 

Eligibility Requirements for Course Completion Certificate

 

To pass the Broker Prelicensing Course and receive a course completion certificate, a student must a) meet the attendance requirements and pass the end-of-course exam with a minimum score of 75%. 

 

*Please note that each student MUST read and agree to the Thomas School of Real Estate’s Testing Policy. Any student who fails to adhere to the testing rules will not receive a passing score or receive a refund for the class *

 

To pass the Broker Postlicensing courses and receive a course completion certificate for each, a student MUST meet the attendance requirements and pass the end of course examinations for each course with a minimum score of 75% 

 


 

End-of-course Exam Make-up and Re-take 

 

Thomas School of Real Estate WILL allow a Broker Prelicensing Course student who does not take the end-of-course exam on the last scheduled day of a course to take it as a makeup one time within 10 days of the last scheduled day of the course at a time and date stated by the School.

 

Thomas Real Estate School WILL allow a Broker Prelicensing Course student who takes but does not pass the end-of-course exam to retake the end-of-course exam one (1) time; however, all retakes must be within 10 days of the last scheduled day of the course at a time and date stated by the School. 

 

Thomas School of Real Estate will also allow a Broker Postlicensing student who does not pass the end-of-course examination to retake the exam one more time and it must be within 7 days of the last scheduled day of the course.  

  

Additional School Policies

Inclement Weather

 

 In the event of inclement weather or a local or national emergency, students should visit the School’s website (www.thethomasschoolofrealestate.com) for information about delays or closings.  All weather cancelations will be posted on WLOS News 13.

 

Course Schedules

Course schedules are posted on the website at www.thomasnc.online. These are posted separately from this bulletin. They are always available at the school upon request. 

 

Use of Technology in the Classroom

 

The use of personal laptops, Ipads, tablets, phones etc. are permitted at the Thomas School of Real Estate provided they do not become a distraction in the classroom. 

 Cell Phone Policy: When class begins, students are expected to set their phones on silent/vibrate. Texting or answering calls is NOT permitted during instruction. If a student must answer a call, then you are expected to step out of the classroom and do so. 

 

Please Note: The use of electronic devices is for EDUCATIONAL PURPOSES ONLY AS IT PERTAINS TO REAL ESTATE EDUCATION. The use of devices for social media, online shopping, texting, playing games, etc., is STRICTLY PROHIBITED and not considered acceptable student conduct. If an instructor finds that a student is disrupting the classroom environment due to using their electronic device for purposes other than class purposes, then it can result in dismissal from the course WITHOUT A REFUND.

 

 

Please Note: Only a basic calculator may be used during quizzes or exams. Students can not use the calculator app on phones or other digital devices on the exam.

 

 Visitors / Guests

 The Thomas School of Real Estate does NOT permit students to bring visitors or guests to the school without the permission of the owner.

 

Animals on School Premises - Limitation (When offering face to face instruction)

The Americans with Disabilities Act (ADA), Title III requires businesses to permit service animals to accompany people with disabilities in all areas where members of the public are allowed to go. Service animals are defined as dogs (and to a limited extent, miniature horses) that are individually trained to do work or perform tasks for people with disabilities. Please contact us in advance if you believe you qualify under the ADA to have a service animal accompany you in a course. 


 

CERTIFICATE OF TRUTH AND ACCURACY

 

I certify that the policies and information contained in this bulletin are true and correct and that of the Thomas School of Real Estate will abide by the policies herein.

Bradley Thomas 

President/School Director/Instructor

Thomas School of Real Estate

Thomas School of Real Estate

 

Certification 

 

This agreement between the Thomas School of Real Estate  (hereinafter “SCHOOL”) and _________________________________ (hereinafter “STUDENT”), is entered into this ____ day of _________, 20____, and constitutes the complete agreement of the parties. 

 

1. SCHOOL agrees to provide STUDENT the course indicated below in accordance with the requirements prescribed by the North Carolina Real Estate Commission. 

 

_____ Broker Prelicensing Course (75 classroom hours)

 

 Course schedule is/are as follows

                                               Class Schedule (Days / Times)

 

Prelicensing                               _______           _______________________

                             Post   #301                 _______           ________________________

                             Post #302                   _______            ________________________

                             Post #303                    _______            ________________________


 

 

3. STUDENT agrees to pay tuition for the course indicated above in the total amount of $_______, such tuition to be paid as follows: Full tuition must be paid before the final exam will be administered. SCHOOL agrees to refund tuition to STUDENT in accordance with the tuition refund policy described in the SCHOOL’s “Bulletin.” 

 

4. Special Accommodations Provided [if any]: __________________________

 

__________________________________________________________

 

 

5. By their signatures on this page, the official signing for SCHOOL certifies delivery of a copy of SCHOOL’s Bulletin to STUDENT and STUDENT acknowledges receipt of such Bulletin.

 

 

 

__________________________               ________________________

Signature of Student                                                   Signature of School Official

                                                                                    Thomas School of Real Estate

Copyright 2020 Thomas School of Real Estate. All Rights Reserved