PHP PROGRAM

Professional Housing Provider® Designation

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.

Adobe pdf 32x32 PHP PROGRAMEach 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.

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