This ALC Prep Course is a self-paced, interactive review of the content covered on the final ALC Exam, which covers the following courses*:

• Land 101: Fundamentals of Land Brokerage
• Transitional Land Real Estate
• Land Investment Analysis

This course is the perfect introduction to the land specialty. Whether just entering the land real estate industry or looking to refresh on the basics, attendees will acquire knowledge to more confidently assist clients. This course provides a strong foundation for any real estate professional looking to perform land transactions.

After taking this course, attendees will have the:

• Expertise to navigate various environmental, land-use rights and restrictions, and taxation factors associated with land transactions.
• Confidence to identify, describe, map and value the different types of land real estate.
• Competence needed to help clients through the 1031 tax-deferred exchange process.
• Knowledge to strategically market and sell properties.

Resources and tools received:

• Farm Listing Checklist
• Tools to Estimate Tract Productivity
• Sample Marketing Package

This course will provide you with land investment principles that are valuable to any agent. Gain the expertise needed to take on more clients, close more deals, and be prepared to take on even the toughest land investment transactions.

After taking this course, attendees will have the:

• Expertise to calculate various aspects of a property\'s present value including the internal rate of return, net present value, mortgage payment and more.
• Confidence to identify the highest and best use of a property as well as acquisition, operation, and disposition costs and equity.
• Competence needed to help clients through the land investment analysis process.
• Knowledge to effectively analyze and evaluate data, including highest performance indicators, multipliers and ratios, rate of return, and more.

Resources and tools received:

• Excel Worksheets with built-in formulas to solve for:
• Loan Amount
• Annual Interest Rate
• Number of Amortization Periods
• Periodic Payment Amount
• Future Value

Prerequisite: 

• Must have base knowledge of Microsoft Excel to navigate worksheets and utilize formula calculations.
• This class requires a computer with Microsoft Excel software.

Understanding land real estate trends, analysis of the market, and being able to apply that knowledge are all critical to becoming a site selection expert. This course provides the tools for land agents to better identify and present all of the competing sites in a market and select the site best suited for the buyer’s needs.

Upon completion of this course, participants will have the:

• Expertise to utilize the knowledge and practical resources offered to evaluate the possibilities available through a specific parcel of land
• Competence to execute the process of market analysis, political and legal analysis, site analysis, and financial analysis
• Confidence to demonstrate an action plan to develop next steps in becoming a site selection specialist
• Knowledge to effectively identify buyer needs, criteria and considerations when presenting possible sites

Learn the basics of land navigation and technology, including using a compass, GPS, and the latest mapping software to help better meet client needs. Gain confidence in your abilities by understanding the relevant navigational insights and skills needed to effectively locate, traverse, list, and market land parcels.

After taking this course, attendees will have the:

• Expertise to work efficiently with mapping programs like ESRI, Google Earth Pro, TerraStride, and MapRight.
• Competence to find a property using private and government sources, use navigation programs in the field, and utilize data collected in the field to enhance your marketing maps.
• Knowledge to understand what kind of maps should be made for a property and how to accurately draw out property maps.
• Confidence to effectively use maps to optimally market properties.

Recreational land real estate is a diverse and growing segment within the land industry. Regional opportunities exist in land sales used for hunting, fishing, boating, ranching, camping, and more. The overall goal of this course is to introduce real estate professionals to the tools needed to work with buyers and sellers of all types of recreational property. 

After taking this course, attendees will have the:

• Competence to effectively describe the steps in identifying potential Recreational Land and improvements needed.
• Knowledge of how Recreational Land can produce income.
• Confidence to advise and assist clients in making the best purchase or sale of recreational property.
• Expertise on what makes property suitable for recreational use and explain the factors that determine value.

Subdivision land development course will cover all aspects of selecting, purchasing and developing residential subdivisions. The processes taught in the course will focus on the division of large land tracts into smaller parcels - residential lots and the associated decision making and problem-solving skills. These skills will be useful for the student by creating benefit for the community, improving the community’s tax base and helping meet the needs of the market, while providing students with new revenue opportunities as a Subdivision Development specialist. This course is designed for not only land agents and land developers but also residential and commercial agents by providing a glimpse into the entire process from the raw land to sold out to the final development.

After taking this course, attendees will have the:

• Expertise to understand the processes for developing, marketing, and financing sub-divided tracts of land.
• Confidence to outline subdivision concepts ranging from parceling a larger tract of land into smaller acreage to the full-scale development of a mixed-use subdivision.
• Competence to utilize methods for identifying appropriate sites.
• Knowledge to demonstrate procedures for combining financial capital with raw land within a marketing strategy, which leads to converting the developed product to cash.

Discover how a property can be sold and a replacement property purchased without incurring any federal income taxes on the sale. Gain and impress clients with a working knowledge on how to save them money when conducting transactions as well as what tax deferred options there are to increase income or adapt to the needs of their changing lifestyle.

After taking this course, attendees will have the:

• Expertise to evaluate and recognize situations where a 1031 exchange could be used to the client’s advantage.
• Confidence to assist clients that would benefit from using a 1031 exchange.
• Competence to discuss 1031 exchange rules and structures with the clients tax advisers.
• Knowledge to simply explain to clients the tax-saving benefits of 1031 exchanges.

Resources and tools received:

• Summary of Key Court Cases relating to 1031 Exchanges.

Everything needed to successfully conduct timberland transactions is included in this course. Whether a seasoned land professional or a commercial/residential agent looking to expand their business by taking on new clients, this timberland course is a worthwhile investment.

After taking this course, attendees will have the:

• Expertise to understand the different factors that affect timber and timberland values.
• Confidence to assist clients by explaining how timberland investments compare to other alternative investments.
• Competence to value and determine the best way to market a timberland property.
• Knowledge to advise clients on the tax advantages, timberland investment strategies, and reasons for reforestation of a property.

Tools Received:

• Sample Timber Contract
• Present Value Table

Opportunities are arising for real estate agents as more and more undeveloped land is being adapted for recreational and commercial uses, and real estate agents need to understand how to determine clients’ needs and buy and sell property at fair market value. This is an essential course for land and commercial agents looking to gain a better understanding of both sides of a transitional land transaction.

After taking this course, attendees will have the:

• Expertise to analyze options and determine the highest and best use of a property.
• Confidence to develop an effective marketing campaign to sell these types of properties.
• Competence to estimate the market value of a transitional land property.
• Knowledge to understand the financial aspects, physical considerations, governmental, legal and economic factors that impact transitional land.

Resources and tools received:

• Formulas for discounting the time value of money

Land agents will learn about various environmental assets and how to value them during land transactions, such as oil and gas, solar, wind, carbon, mining, broadband, cell towers, and conservation easements.

Upon completion of this course, participants will have the:

• Knowledge to understand different types of land resources and the complexity of each type of land resource deal
• Competence to estimate the market value of land resources
• Confidence to demonstrate how to access good comp data
• Expertise to indicate how to sever mineral rights from surface rights
• Knowledge to explain the vast variety of conservation easements and why a landowner may want to have one or more of these on their property

Resource and/or Tools received:

• Sample of mineral deeds, lease agreements and other documents needed for a land resource transaction