 |
National Professional Housing Provider (PHP) Designation
Garden State Real Estate Investors Association (GSREIA) participates in the National Professional Housing Provider ( PHP) Designation. Attending GSREIA events you earn credits toward obtaining the Professional Housing Provider Designation which is a National Designation. See any board member to find out how to get signed up for the PHP program.
Download the forms here.
The National PHP designation is a nationwide education-based certification program designed to recognize the high level of knowledge and professionalism among the designation holders. It is sponsored and overseen by the National Real Estate Investor’s Association.
Why obtain the National PHP designation?
Only persons completing the educational requirements will be permitted to hold themselves out to the public as a Professional Housing Provider. The designee will be recognized in the form of an award certificate,pin and the right to use the designation. He or she should recognize that having a basic education in the topics outlined below will increase his or her ability to reach his goals in real estate investment. Further, as National REIA works to make the National PHP designation more recognizable, it is hoped that the National PHP holders will have and advantage in dealing with legal and governmental bodies when a “my word against his” situation occurs. It will also aid in encouraging legislators to think of educated investors as a larger group for political action. Other tangible benefits, including discounts on courses and educational materials, may be added as the program develops.
How will I obtain these hours?
These hours may be obtained through local association meetings and seminars or through courses taught outside of the local groups. All outside courses and seminars must meet the following requirements: they must be taught live; they must be pre-approved by the National PHP committee; and they must provide a certificate of attendance acceptable to the National PHP committee. You are responsible for keeping track of your hours. Get a form at Rutgers Plaza or any meeting or download it here.
Course of Study
The course of study will be divided into 42 clock hours of core courses and 18 hours of elective topics for a total of 60 hours of formal education. The core topics are as follows:
| Appraisal |
2 hours |
| Including formal appraisal methods (cost, income, and replacement method), PACE instruction, how to compare properties, etc. |
| Rehab |
4 hours |
| Including estimation, which projects will pay for themselves, etc. |
| Hands-on |
2 hours |
| Including actual hands-on opportunities and demonstrations |
| Fair housing Law |
2 hours |
| Including federal, state and local fair housing regulations |
| Ethics |
1 hour |
| Including enacting and actual use of national, state, local, and personal business ethics statements, policies and practices |
| Negotiation |
3 hours |
| Including negotiating with sellers, buyers, renters, contractors and vendors, banks, etc. |
| Finance |
6 hours |
| Including conventional financing, FHA/VA financing, owner financing of all types; comparing financing, offering financing |
| Tenant-landlord Law |
2 hours |
| Including landlords' and tenants' responsibilities, evictions, etc. |
| Contract Law |
3 hours |
| Including basic contract law; using contracts and clauses to protect yourself, developing contracts such as leases, options, purchase contracts, etc. for the real estate investment business |
| Local Regulations |
2 hours |
| Including regulations affecting real estate investment OTHER THAN tax laws, fair housing laws and EPA regulations. |
| Federal Regulations |
1 hour |
| Including regulations affecting real estate investment such as lead paint regulations, wetlands regulations, underground storage tank regulations, Environmental Quality Zone regulations, etc. |
| Management |
4 hours |
| Including record keeping; dealing with tenants; maximizing cash flow; and others |
| Purchasing |
2 hours |
| Including finding deals and calculating profitability |
| Inspections |
2 hours |
| Including pre- and post- purchase inspections and pre- and post- move-out inspections of properties held. |
| Tax law (income) |
1 hour |
| Including calculating and minimizing taxes, and tax laws as they affect the real estate investor |
| Tax law (other) |
1 hour |
| Including property taxes, 1031 tax deferred trades, etc. |
| Insurance - property |
1 hour |
| Including what type of property insurance is appropriate for investment property; negotiating for the best rates and renter's insurance |
| Insurance - worker's compensation |
1 hour |
| Including when, how and for whom to carry worker's compensation insurance |
| Insurance - liability |
1 hour |
| Including why and how much |
| Marketing |
2 hours |
| Including how to market properties for sale and for rent; how to market buying services |
The remaining 18 hours may include further education in any or all of the above topics, as selected by the National PHP candidate.
Continuing education to maintain National PHP designation
Once the National PHP designation has been obtained, designees must complete 20 hours of continuing education every two years in order to maintain the designation. These hours are elective and may be used by the designee to continue his or her education as he sees fit.
Download the forms here.
|
|
