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PROFESSIONAL HOUSING PROVIDER

What is a Professional Housing Provider?

A Professional Housing Provider is a real estate investor and member of the Real Estate Association of Puget Sound (REAPS) who has agreed to abide by a code of ethics and has completed a 60-hour set of courses meeting strict guidelines and split between core and elective curricula. The list of the curriculum requirements is below.

How do I get started?

PHP credits are earned by attending our events, meetings, bootcamps and trainings. Your membership dues include the cost of the PHP program so there are no additional fees for you to pay. When you register to attend any of our events you will see at the top of the page the type and the amount of PHP credits being offered. You can print out the tracking form below and keep track of your own credits.  When you have completed the required course curriculum you can submit your tracking form to us at [email protected]. It’s imperative you pre-register for our events and check-in so that we can track on our end too!

Each Professional Housing Provider Candidate must agree to abide by the REAPS Code of Ethics (Click Here to Download PDF).

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 PHP PROGRAM

 

Appraisal

Including formal appraisal methods (cost, income, and replacement method), PACE instruction, how to compare properties, etc.
 RehabClassroom PHP PROGRAM

 

Rehab – Classroom

Including estimation, which projects will pay for themselves, etc.
 Rehab Hands on PHP PROGRAM

 

Rehab – Hands-on

Including actual hands-on opportunities and demonstrations
 Fair housing Law PHP PROGRAM

 

Fair housing Law

Including federal, state and local fair housing regulations
Ethics PHP PROGRAM

 

Ethics

Including enacting and actual use of national, state, local, and personal business ethics statements, policies and practices
 Negotiation PHP PROGRAM

 

Negotiation

Including negotiating with sellers, buyers, renters, contractors and vendors, banks, etc.
 Finance PHP PROGRAM

 

Finance

Including conventional financing, FHA/VA financing, owner financing of all types; comparing financing, offering financing
 Tenant landlord Law PHP PROGRAM

 

Tenant-landlord Law

Including landlords’ and tenants’ responsibilities, evictions, etc.
Contract Law PHP PROGRAM

 

Contract Law

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
 EPA Regulations PHP PROGRAM

 

EPA Regulations

Including regulations affecting real estate investment such as lead paint regulations, wetlands regulations, underground storage tank regulations, Environmental Quality Zone regulations, etc.
 Local Regulations PHP PROGRAM

 

Local Regulations

Including zoning and building codes.
 Federal Regulations PHP PROGRAM

 

Federal Regulations

Including regulations affecting real estate investment such as lead paint regulations, wetlands regulations, underground storage tank regulations, Environmental Quality Zone regulations, etc.
Management PHP PROGRAM

 

Management

Including record keeping; dealing with tenants; maximizing cash flow; and others
 Purchasing PHP PROGRAM

 

Purchasing

Including finding deals and calculating profitability
 Inspections PHP PROGRAM

 

Inspections

Including pre- and post- purchase inspections and pre- and post- move-out inspections of properties held.
 Tax law income PHP PROGRAM

 

Tax law (income)

Including calculating and minimizing taxes, and tax laws as they affect the real estate investor
Tax law other PHP PROGRAM

 

Tax law (other)

Including property taxes, 1031 tax deferred trades, etc.
 Insurance property PHP PROGRAM

 

Insurance – property

Including what type of property insurance is appropriate for investment property; negotiating for the best rates and renter’s insurance
 Insurance workers compensation PHP PROGRAM

 

Insurance – worker’s compensation

Including when, how and for whom to carry worker’s compensation insurance
 Insurance liability PHP PROGRAM

 

Insurance – liability

Including why and how much
Marketing PHP PROGRAM

 

Marketing

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.