This course is approved by the State of Maryland to fulfill the 60-hour classroom prerequisite for taking the PSI real estate examination for salespersons. It has been designed specifically for individuals planning a career in real estate. The course materials include: text book, law book, quizzes, mid-term exam, course exam, and various handouts, which have been designed to prepare you for the state examination. The course exam will be administered upon the student’s completion of all requirements. Course attendance does not require nor guarantee affiliation with Long & Foster Real Estate.
PROCEDURES FOR LICENSING: In Maryland, you are required by law to take a classroom program entitled “Principles & Practice of Real Estate.” The tuition and length of this program will vary with the institution. The program is given by the Long & Foster Institute of Real Estate, Inc. and by many degree-granting institutions and some community colleges. This program covers all the technical aspects of real estate-math, law and theory.
Long & Foster Institute of Real Estate offers the required Principles and Practice of Real Estate program in various time periods to suit your schedule and learning pace. The program covers all the material required by the State of Maryland, as well as all the information you need to study for the licensing examination. Our program is principally for those planning to take the examination and become licensed real estate agents; however, many people take it simply for their own information and use.
Once you pass the Principles Program and the MD examination, you must affiliate with a real estate firm in order to have your license activated. Should you choose to affiliate with Long & Foster Real Estate Inc., you will join our post-license training program, Launch®, which will teach you the practical aspects of actually listing and selling properties. Following the classroom and field training, you will be fully prepared to Launch® into a successful real estate career.
If you have further questions, please call 1-866-967-5563, or any of Long & Foster Real Estate Inc. or one of our branch managers.
REGISTRATION: Full payment is required. Pay by Visa, MasterCard, Discover or money order only, payable to L&F Institute. No checks or cash please.
STUDENT ATTENDANCE: All classroom sessions must be completed before the final exams can be administered. If a student misses a class/session, arrangements must be made with the instructor to make-up the same class/session missed.If a student is absent, arrives late or leaves early, they will not receive credit for that class/session and must make-up the session within 90 days/3 months of the first scheduled date of class.If a student doesn’t make-up the missed class/session or take exam(s) within 90 days/3 months of the first scheduled date of class, they must pay to re-take the entire program again as no information will be electronically submitted to PSI Examination Services.
STUDENT ENTRANCE: While there are no age requirements for entrance into the LFIRE, the state requires a prospective licensee be at least 18 years of age to activate their real estate license. Prospective students who do not have a high school education or GED must take the Wonderlic Admissions Test; a score of 24 is required. Criminal convictions may affect a student’s ability to be licensed.
FEES: Application Fee (incl'd in tuition) - $12.00, Tuition - $126.55, Textbook - $46.20, MD Law Book - $26.25
GRADING STANDARDS & GRADUATION POLICY: To successfully complete the program, a student must receive an average minimum score of 75% on all quizzes, the mid-term and the final examination. Grade records and daily attendance will be maintained on the student’s permanent record card. Students’ academic progress will be evaluated at the end of each week and reported in writing to students weekly. Upon completing the final exam, the student will be provided with the results and their eligibility will be electronically sent to PSI Examination Services if attendance and grades are satisfactory. If a student does not make-up their missed class/session or take their exam within 90 days/3 months from the first scheduled date of class/session, they must pay to re-take the entire program again as no information will be electronically submitted to PSI Examination Services.
STUDENT CONDUCT POLICY & GRIEVANCE PROCEDURE: Students are required to act in a manner that will reflect credit on themselves, the school, and the business or industry for which they are being trained. There is no probation, but after one (1) warning a student may be dismissed. A pro-rated refund of tuition will be made. A student may appeal the decision of any instructor to Nick D’Ambrosia State Director at 703-653-8340. If the student remains dissatisfied, they may appeal in writing to the Secretary of Higher Education at the Maryland Higher Education Commission, 6 N. Liberty Street, 10th Floor, Baltimore, Maryland 21201 or Maryland Office of the Attorney General, Consumer Affairs Office, 200 St. Paul Place, Baltimore MD 21202 or call 1-888-743-0023 or 410-528-8662.
SPECIAL ACCOMODATION REQUESTS: Please submit your request to LFIRE@LNF.com in the event you have a disability, which requires special accommodation, including the provision of auxiliary aids or services. The advance notice of special need will enable us to better accommodate you. Thank you for your cooperation.
SCHOOL HOLIDAYS: New Year’s Day , Martin Luther King’s Birthday, President’s Day, Memorial Day, Independence Day, Labor Day, Rosh Hashanah, Yom Kippur, Thanksgiving Day, and Christmas Day.
INCLEMENT WEATHER: LFIRE classes are cancelled or delayed according to the schedule of the community college in the countyin which the class is located. A day class will be cancelled when the nearby community college is closed, however, if the nearby community college opens late, LFIRE WILL OPEN ON TIME. For evening classes, if community colleges in that area are closed, evening classes will be cancelled.
REFUND POLICY: If the school closes or discontinues a course or program, the school shall refund to each currently enrolled student monies paid by the student for tuition and fees and monies for which the student is liable for tuition and fees. All fees paid by a student shall be refunded if the student chooses not to enroll in or to withdraw from a school within 7 calendar days after having signed a contract. If the student chooses not to enroll after the 7-day cancellation period but before the first day of instruction, the school may retain the application fee or registration fee, or both. If, after the 7-day cancellation period expires, a student withdraws after instruction begins, refunds shall be based on the total contract price for the course or program and shall include all fees, except the application, registration or enrollment fee and any charges for materials, supplies, or books which have been purchased by, and are the property of, the student. The date of withdrawal or termination is the last date of attendance by the student. A refund due a student shall be based on the date of withdrawal or termination and paid within 60 days from the date of withdrawal or termination. The minimum refund that a school shall pay a student who withdraws or is terminated after the 7-day cancellation period has expired and after instruction has begun, is as follows:
PORTION OF COURSE TAUGHT - TUITION REFUND
Less than 10% - 90%
10% up to but not including 20% - 80%
20% up to but not including 30% - 60%
30% up to but not including 40% - 40%
40% up to 50% - 20%
More than 50% - No Refund
PROGRAM PERFORMANCE: In MD, a student or prospective student may obtain information regarding the pre-licensing classes by writing Maryland Higher Education Commission at 6 N. Liberty Street, 10th Floor, Baltimore, Maryland 21201, calling 800-974-0203 or at www.mhec.state.md.us.