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. In addition, the PHP program raises investors’ level of professionalism and status in the eyes of the public and government. It also aids in encouraging legislators to think of educated investors as a larger group for political action.
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 PHP committee, and they must provide a certification of attendance acceptable to the PHP committee.
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.
Including formal appraisal methods (cost, income, and replacement method), PACE instruction, how to compare properties, etc.
Including enacting and actual use of, national, state, local, and personal business ethics statements, policies and practices
Including conventional financing, FHA/VA financing, Owner financing of all types; comparing, financing, offering financing.
Including regulations affecting real estate investment such as; lead paint regulations, wetlands regulations, underground storage tank regulations, Environmental Quality Zone regulations, etc.
Including pre- and post- purchase inspections and pre and post move-out inspections of properties held.
Including calculating and minimizing taxes, and tax laws as they affect the real estate investor.