BiggerPockets

I'm not planning on writing about every night I go to Realtor school but I thought it was worth mentioning my thoughts on my first class of Realtor School.

I'm attending ASREB, I think it stands for Arizona School of RE & Business or something like that.

The little 20 minute whatever you call it before they stick you in a class wasn't bad at all. No big hype and upsell going on. I appreciated that.

They don't start you off from the very beginning, its more like a cycle of classes and you just get thrown in and the class you just missed will basically be your last class, if that makes sense. I was cool with that I guess.

I can understand them doing that so that every class schedule basically had a full(er) class instead of just the 4 of us newbs tonight.

The topic of tonights class was something like Residential Financing. Basically discussing FHA,VA and Conventional. Interesting, it always has been to me.

What I didn't get though was why a Realtor was teaching the class considering some of the things that were being taught. Now, I understand and agree with why its important for agents to know these things, I just thought a Mortgage Professional should be the one instructing, not a Realtor ya know.

Either way, it wasn't too bad. If you guys/gals have any questions feel free to ask. Again, I won't be discussing every one of my classes, just randomly and certain interesting things that might come up.

Ya, lets test me without me opening the book(scouts honor)

MIP = Mortgage Insurance Premium
PMI = Private Mortgage Insurance

I'm gonna write up a little something about my to date progress in addition to a question I thought of tonight.

It doesn't seem like a large school. There are about 15-20 students in the classroom any given day though so far.

Last nights class was real estate law. It wasn't as interesting as I thought/hoped it would be. Mostly, it was legal differences between a salesperson & a Broker.

One thing I wish was possible is that salespersons/agents would have the ability to decide what 'type' of license they want.

I have absolutely NO interest in commercial. I don't have any ambition to become a commercial broker today, tomorrow or in future at any time.

So when the class is about something commercial. I do everything I can to stay awake.

Its not anything the school can do because they're only preparing you for the test but I wish the state RE department would allow those interested in ONLY residential to get a residential ONLY license. That would eliminate the things I consider boring.

Bill, 1 mile = 320 rods. Each Rod is 16.5 feet. Also '1 section is 640 acres' not related to Rods, just through that in there because I've never heard of these and thought how useless :)

All the math is fun though. Here is an example:

A parcel of land contains 8200 square yards with a frontage of 250 feet. What is the side measurement in feet?

Originally posted by Financexaminer:

As to your question, it depends on the shape of the lot and it depends if the road turns away from the frontage.

Nope, there is an actual answer to it. Assume ingress/egress are not in the equation. The question is word for word out of last nights worksheet.

ya, sorry, also assume that it is rectangular. Although that is exactly how it is worded, the instructor did say for us to assume it is a rectangle.

Good luck and keep us posted!

So Nick, did ya learn anything else lately?