PHP and NREIA
We believe education is vital to your success.
NREIA is a proud sponsor of the PHP designation
The National Professional Housing Provider designation is a nationally recognized education-based certification program designed for Real Estate Investors to recognize the high level of knowledge and professionalism among the holders of this designation. It is sponsored and overseen by the National Real Estate Investor’s Association (NREIA).
Why obtain the 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. 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.
How will I obtain these hours?
These hours may be obtained through local association meetings and seminars or through courses taught or sponsored by NREIA.
The course of study is divided into 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.|
|Including estimation, which projects will pay for themselves, etc.|
|2 hours||Including actual hands-on opportunities and demonstrations|
|Fair Housing Law||2 hours||Including federal, state, and local fair housing regulations|
|Ethics||2 hours||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 landlord’s 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. that 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|