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Roy Faron School of Real Estate
1433 S. Glenburnie Road
New Bern, North Carolina 28562-2603
(252) 497-8936
www.royfaron.com

School Bulletin

Date of Bulletin Publication: July 1, 2018

Legal Name of School: Roy Faron School of Real Estate

Legal Name of School Owner: Faron Real Estate Training, Inc.

Name of School Director: Joseph Roy Faron

Names of Full-Time School Officials and Faculty:
Joseph Roy Faron, School Director / Senior Instructor;
Michelle Wetherington, Certified Instructor;
Annie Faron, Administrative Director

Purpose of School
The Roy Faron School of Real Estate 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 needed for a provisional broker to remove the provisional status of such license.

School Licensure
The Roy Faron 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 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 and Postlicensing Courses

Broker 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 79 classroom hours of instruction, including the end-of-course 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 property 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 estate valuation, fair housing, landlord and tenant, property management, federal income taxation of real estate, basic house 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 Roy Faron School of Real Estate, prospective students must possess basic math skills and well-developed reading comprehension abilities, as both will be necessary for successful course completion. Although there is no mandatory educational background, a high school diploma or equivalent is highly recommended.

Broker Postlicensing Education Program

Purpose of the Postlicensing Program:

The primary objective of 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: 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. However, the Commission 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 automatically terminated by the Commission.

Course Descriptions:

Post 301 – Brokerage Relationships and Responsibilities

Topics addressed in this course include a review of agency relationships in real estate sales transactions and a real estate agent’s legal duties to clients and customers, a step-by-step review and discussion of the functions and responsibilities of a real estate agent when working with residential sellers and buyers, a review of issues associated with transactions in progress when an agent leaves a firm, and a review of license status and education issues.

Post 302 – Contracts and Closing

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 disclosures preparation, contracts for deed, options, and real estate license status and education issues.

Post 303 – Selected Topics

Topics addressed in this course include commercial real estate brokerage, residential property management, land use controls, loan fraud, brokerage compensation issues, license law issues and case studies, selected fair housing issues and case studies, establishing a brokerage firm, manufactured and modular homes and issues relating to short sales.

Course Enrollment Requirements:

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 or if that individual has not passed the license examination.

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 for more than 30 classroom hours in any given seven-day period.

Registration & Enrollment

Procedure for Requesting Special Accommodations

Students requesting special accommodations must contact the school director at least two (2) weeks prior to the start of class. The Roy Faron 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.

Detailed Schedule of Tuition and Fees

The Roy Faron School of Real Estate accepts the following forms of payment: Credit Card (American Express, Discover, Master Card and Visa), personal checks, and US currency.
Tuition must be received by: Time of registration online at www.royfaron.com or with prior arrangement upon check-in on the first morning of class. Full payment is required prior to the start of class.
The penalty for a check returned for non-sufficient funds will be: $35.00

Tuition Schedule:
Broker Prelicensing Course: $395.00. Textbook*, Student Study Workbook, Math Workbook and practice quizzes are included in the Broker Prelicensing Course Tuition.

Broker Postlicensing Courses: $175.00 per 30-hour course. Required NC Real Estate Manual is not included in Broker Postlicensing Course Tuition.

NOTE: Each student is required to use the current edition of the NC Real Estate Manual in each Broker Postlicensing Course. The printed version of the textbook may be purchased directly from the School. The printed, online, or CD-ROM version may be purchased from the North Carolina Real Estate Commission (www.ncrec.gov).

The Roy Faron School of Real Estate DOES NOT allow students to use the online and CD-ROM versions of the NC Real Estate Manual during classes. Each student must bring his/her copy of the NC Real Estate Manual to every Postlicensing class session.

Course Cancellation or Rescheduling / Refunds

The Roy Faron School of Real Estate reserves the right to cancel or reschedule a course as needed. Students enrolled in a rescheduled or cancelled course will be given a minimum 72 hours notice of the cancellation or revised course schedule.

If a course is cancelled or rescheduled, students will have the following options: Student is entitled to a full refund, or if student prefers, the tuition can be applied to a later course.

Withdrawals and Transfers / Refunds

A student may withdraw from the Broker Prelicensing or a Postlicensing course by giving written notice to the School prior to the start of the course. In such event, the student will have the following options: Student will be entitled to a refund less a $25 service fee, provided any materials received are returned in original unused condition; or if student prefers, the tuition may be applied to a later course.

A student who terminates enrollment in a Prelicensing or Postlicensing course either with written notice to the School or by no longer attending a course on or after the first class session has been held will not be entitled to a refund of any portion of paid tuition. The student may, however, choose to have the tuition credited to a later course, provided no more than 25% of the course had been attended.

Student Progress and Grades

Student Conduct

Students are expected to conduct themselves in a professional manner. Dismissal without recourse will be imposed for behavior that, in the sole judgment of instructor or staff, reflects negatively on the Roy Faron School of Real Estate. Students are expected to conduct themselves in a mature, respectful manner toward instructors and other students. The dress code is business casual.

Attendance

Broker Prelicensing Course students must attend a minimum of 80% of all scheduled classroom hours. Postlicensing Education Program students must attend a minimum of 90% of all scheduled classroom hours. An end-of-course exam will not be administered to any student who does not satisfy the course attendance requirement.

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. A student who repeats a course must meet the full attendance requirement in the course repeated, with no credit for attending the previous course.

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, b) timely submit completed in-class and take-home assignments, and c) pass the end-of-course exam with a minimum score of 75%.

To pass a Postlicensing Course and receive a course completion certificate, a student must a) meet attendance requirements, b) timely submit completed in-class and take-home assignments, and c) pass the end-of-course exam with a minimum score of 75%.

The end-of-course exam will be administered on the last scheduled day of the course.

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 using 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 .0210(h)].

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

Broker Prelicensing Course:
The Roy Faron 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 30 days of the last scheduled day of the course at a time and date stated by the School.

The Roy Faron School of Real Estate 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, provided the student scores at least 60%. All retake exams must be taken within 30 days of the last scheduled day of the course at a time and date stated by the School.
Per Commission Rule 58H .0210(f): A Prelicensing or Postlicensing course student who does not pass the end-of-course exam within 30 days of the last scheduled day of the course must retake the entire course to be entitled to take the end-of-course exam again. All minimum requirements that applied to the original course, including attendance requirements, will apply to a retake of the course.

At the Roy Faron School of Real Estate, a student may retake a Broker Prelicensing Course for$125.00, subject to the following conditions: a student who fails to pass the final exam within 30 days of the last scheduled day of the course, or a student who drops out of the course after attending 25% of the course, may repeat the entire course one (1) time within twelve (12) months.

Broker Postlicensing Education Courses:

A Postlicensing Education Program student who does not take the end-of-course exam on the last scheduled day of a course may take it as a makeup one time within 30 days of the last scheduled day of the course at a time and date stated by the School.

A Postlicensing Education Program student who takes but does not pass the end-of-course exam may retake the end-of-course exam one (1) time(s); however all retakes must be within 30 days of the last scheduled day of the course at a time and date stated by the School.

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

At the Roy Faron School of Real Estate, a student may retake a Postlicensing Education Program course for $50.00, subject to the following conditions: a student who fails to pass the final exam within 30 days of the last scheduled day of the course, or a student who drops out of the course after attending 25% of the course, may repeat the entire course one (1) time within twelve (12) months.

Additional School Policies

Inclement Weather
In the event of inclement weather or a local or national emergency, students are to check the school website (www.royfaron.com) for delay or cancellation notices.

Course Schedules
Course schedules are published separately from this bulletin. Schedules are available at the School and upon request by phone, fax, email, or U.S. mail. They are also posted on the School’s website: www.royfaron.com.

Use of Technology in the Classroom
The Roy Faron School of Real Estate is not responsible for lost or stolen electronic devices.

The Roy Faron School of Real Estate DOES provide wireless Internet access.
If wireless Internet access is provided, the Roy Faron School of Real Estate is not responsible for disruptions in or problems with the service.

The Roy Faron School of Real Estate DOES allow the use of laptops, tablets, and similar devices in the classroom provided they do not distract from the learning environment.

If such devices are permitted, the following guidelines will be enforced:

Students may use electronic devices to enhance their learning, including taking notes, researching class topics, or viewing the on-line or CD-ROM version of the NC Real Estate Manual. Sending personal emails/texts, shopping online, visiting social networking sites, or playing games are considered to be disruptions and are not acceptable student conduct. If an instructor discovers that a student is using an electronic device for these (or similar) purposes, and the instructor directs a student to put the device away, and a student fails to comply, student will be subject to dismissal from the course without refund.

If wireless Internet access is disrupted during a Postlicensing course, the Roy Faron School of Real Estate will provide a print copy of the NC Real Estate Manualto any student who had been using the online subscription. The loaned NC Real Estate Manual must be returned at the end of the class. A student who fails to return a loaned NC Real Estate Manual will be charged $50.00.

Instructors, at their discretion, may designate times during which students may and may not use their electronic devices during class sessions. If an instructor has directed students to discontinue use of electronic devices, all students must put away their devices immediately. If a student does not follow an instructor’s direction to discontinue use student will be subject to dismissal from the course without refund.

Sound on electronic devices must be muted during class sessions.

The use of electronic devices (other than a basic calculator) is strictly prohibited during all quizzes and exams.

Recording any course is prohibited. Please do not bring recording devices into the classroom.

Electrical outlets are limited and are available on a first-come, first-serve basis.

Visitors / Guests

Courses at the Roy Faron School of Real Estate are open to enrolled students only.
Enrolled students MAY NOT bring visitors or guests to the classroom. Students may not bring children or pets into the classroom and there are no facilities for children or pets at the school.