Eastern Mass Property Housing Provider

What is the PHP Designation?

The PHP designation is a nationwide, education-based, certification program designed to recognize the high level of knowledge and professionalism among the designation holders. It is sponsored and overseen by the National REIA and EMassREIA.

Why obtain the National 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. You should recognize that having a basic education in the topics outlined below will increase your ability to reach your goals in real estate investment.

As EMassREIA works to make the PHP designation more

recognizable, it is hoped that the PHP holders will have an

advantage in dealing with legal and governmental bodies when a “my word against theirs” situation occurs. It will also aid in encouraging legislators to think of educated investors as a larger group for political action. Other tangible benefits, including discounts on courses and educational materials, may be added as the program develops.

PHP Course & Topics

The course of study will be divided into 42 clock hours of core topics and 18 hours of elective topics for a total of 60 hours of formal education. The course topics are on the back of this sheet.

The EMassPHP Mission

Enable members to expand their education and knowledge via courses as valuable tools to attain successful goals and present a professional image to the public and government

What is the Training Course 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 2 hours

Including formal appraisal methods (cost, income, and replacement method), PACE

instruction, how to compare properties, etc.

Rehab 4 hours

Including estimation, which projects will pay for themselves, etc.

Hands-on 2 hours

Including actual hands-on opportunities and demonstrations

Fair housing law 2 hours

Including federal, state, and local fair housing regulations

Ethics 1 hour

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, aid 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

The remaining 18 hours may include further education in any or all of the above topics, as selected by

the EMassPHP candidate

For more information or if you are interested in enrolling to be a candidate, please email PHP@easternmassreia.com