REEB 25.023(3)(b)4. 4. Escrows not requiring separate escrow agreements.

REEB 25.023(3)(b)5. 5. Drafting escrow agreements.

REEB 25.023(3)(c) (c) Closing procedures, including all of the following:

REEB 25.023(3)(c)1. 1. Licensees are not required by license law to perform closings.

REEB 25.023(3)(c)2. 2. Choosing a closing statement.

REEB 25.023(3)(c)3. 3. Closing preparation procedures.

REEB 25.023(3)(c)4. 4. Setting a closing date.

REEB 25.023(3)(c)5. 5. Preparing closing documentation.

REEB 25.023(3)(c)6. 6. Closing procedures.

REEB 25.023(3)(c)7. 7. Post closing procedures.

REEB 25.023(4) (4) Broker management and marketing. Instruction relating to real estate broker management and marketing shall include all of the following:

REEB 25.023(4)(a) (a) The legal environment, including all of the following:

REEB 25.023(4)(a)1. 1. Requirements for licensure.

REEB 25.023(4)(a)2. 2. Liability concerns and risk reduction.

REEB 25.023(4)(b) (b) The business plan, including all of the following:

REEB 25.023(4)(b)1. 1. Form of ownership.

REEB 25.023(4)(b)2. 2. Start up.

REEB 25.023(4)(b)3. 3. Capital budget.

REEB 25.023(4)(b)4. 4. Operation budget.

REEB 25.023(4)(b)5. 5. Marketing strategies.

REEB 25.023(4)(c) (c) Professional services, including all of the following:

REEB 25.023(4)(c)1. 1. Attorneys.

REEB 25.023(4)(c)2. 2. Accountants.

REEB 25.023(4)(d) (d) Operational policies, including all of the following:

REEB 25.023(4)(d)1. 1. Policy and procedures manual.

REEB 25.023(4)(d)2. 2. Independent contractors agreement.

REEB 25.023(5) (5) Financial and office management. Instruction relating to financial and office management shall include all of the following:

REEB 25.023(5)(a) (a) Financial management, including all of the following:

REEB 25.023(5)(a)1. 1. System of income and expense accounting.