MACINTOSH REAL ESTATE SCHOOL
Approved and Regulated by the Colorado Department of Higher Education Private Occupational School Board
17505 W. 61st Pl., Arvada, Colorado 80403 ... Phone: (303)465–1665... Fax: (720) 898–0234

ENROLLMENT AGREEMENT – CATALOG
CORRESPONDENCE STUDY

I. PROGRAM COST/ COURSES/ MATERIALS/ COMPLETION CERTIFICATE
II. PRE-REQUISITES
III. FEES
IV. REFUND POLICY
V. RETURNED CHECK CHARGE
VI. EXTENSION and RE–ENROLLMENT
VII. POSTPONEMENT OF STARTING DATE
VIII. TRANSFER OF ENROLLMENT
IX. COMPLAINT PROCEDURE
X. EVALUATION OF PROGRESS
XI. PROGRAM CONTENT & PROCEDURE
XII. PREVIOUS EXPERIENCE or CLASSES
XIII. PLACEMENT ASSISTANCE
XIV. CONDUCT and TERMINATION
XV. THE STATE LICENSE EXAM
XVI. FINGERPRINTS and BACKGROUND CHECK
XVII. LICENSE APPLICATION PROCEDURE
XVIII. LICENSING EDUCATION REQUIREMENTS

I. PROGRAM COST/ COURSES/ MATERIALS/ COMPLETION CERTIFICATE

    TOTAL PROGRAM COST $ 499.00 (Tuition $399.00, Materials $ 100.00)

As the Applicant (herein referred to as "Student",) I hereby make application to the MacIntosh Real Estate School Broker Correspondence ("Home Study") Program.

I am aware that the Educational Program consists of home–study (correspondence) materials sufficient to fulfill requirements of the Colorado Revised Statutes, the Colorado Real Estate Commission, and the Colorado Department of Higher Education Private Occupational School Board, for:

48 hours Real Estate Law and Practice;
48 hours Colorado Contracts and Regulations;
24 hours Real Estate Closings;
8 hours Trust Accounts and Record Keeping;
32 hours Practical Applications;
8 hours Current Legal Issues:
168 Total Hours

Exam preparation and written review materials are included within the MacIntosh Real Estate School Study and Examination Guides (Text and Workbooks). Training begins on the effective date of enrollment, (the date student is accepted by the School, below.)

The Student agrees that he or she will fulfill the course requirements for the above–specified hours and make reasonable effort to complete the course in compliance with the rules and regulations of the school and abide by those same rules. The school may suspend or withdraw any student for immoral or improper conduct, or a lack of reasonable effort. The school reserves the right to be the sole judge of such conduct which may be detrimental to the school.

Upon satisfactory completion of the course materials by the student, and upon fulfillment by student of the terms of this agreement, the school will issue a certificate of completion. The certificate of completion will be given only if the above requirements are completed within eight (8) months following effective date of enrollment. An extension of this time period may be obtained by requesting in writing. (See EXTENSION and RE–ENROLLMENT POLICY, below.)

In accordance with the rules and regulations of the school, all graduates are to receive the benefits of any placement assistance offered by the school. The school does not guarantee graduates positions of employment. The undersigned hereby acknowledges receipt of this contract and a copy of the current school catalog. (Following)

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II. PRE-REQUISITES for ENROLLMENT
License Law requires an applicant for a real estate license to be 18 years old. This is not a requirement to attend the school.

Licensed attorneys only need 12 hours in Trust Accounts, Record Keeping and Real Estate Closings, (as well as passing the Colorado portion of the broker's exams,) to become a broker. MacIntosh Real Estate School also offers this course, together with license exam preparation. For more information about the Colorado Real Estate Commission and Broker licensing,

Former Colorado Brokers and Salespeople and licensees from other states are eligible to bypass one or more classes. MacIntosh Real Estate School offers all these configurations, together with license exam preparation. For more information about the Colorado Real Estate Commission and Broker licensing, please click on this link (Adobe Acrobat Reader required for this pdf):

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III. FEES
The fee for the initial 168 credit-hour online/correspondence course and materials is $499, payable in advance of receiving the course materials. There are no other fees associated with the educational program. (The fee may be reduced periodically. At these times, the (lowest) price that appears on the main page of our website at the time of enrollment is the price that we will honor.)

Enrollment may be completed by paying the full cost of the program and textbooks. Payment shall be made in full at the time of enrollment and registration. The real estate school will not issue to the Real Estate Commission a certification of completion until tuition is paid in full. Although classes are offered to help the student prepare for the Broker Examination, each course is self-contained and is completed by self-scheduled, correspondence study.

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IV. REFUND POLICY
MacIntosh Real Estate School, Inc. shall maintain a policy for the refund of tuition and fees, pursuant to C.R.S. 12–59–114 (2), as follows:
    A. Timing
    The basic course work (exclusive of the 12–hour "Attorney" course in Trust Accounts, Record Keeping, and Real Estate Closings, or any 72–hour or 120–hour configuration for out–of–state brokers) is designed to be completed in 168 hours, or – for purposes of calculating the refund policy – 42 4–hour sessions over approximately 10 weeks, as defined below under Evaluation of Student Progress. (Exclusive of the following Refund Policy, please note that the actual completion time is automatically extended to 8–months.)
    Since MacIntosh Real Estate School offers only correspondence courses on a floating enrollment schedule, student progress for refund purposes is calculated based on time elapsed (number of days) since enrollment. The date of enrollment is based on the date of the contract, which is date student is accepted by the School.
    The official date of termination or withdrawal of a student shall be determined in the following manner:
        · The date on which the school receives written notice of the Student's intention to discontinue the training program; or
        · The date on which the student violates published school policy which provides for termination.
    B. Tuition Refund Schedule
    If a student discontinues training after enrollment, this refund schedule will be observed:
        · A full refund of all monies paid if the applicant is not accepted by the school.
        · A full refund of tuition and fees paid if the applicant withdraws within three days after signing the contract or making an initial payment, provided that the applicant has not commenced training.
        · A full refund of tuition and fees paid in the event that the school discontinues the course or program of education during a period of time within which a student could have reasonably completed the course, except that this provision shall not apply in the event that the school ceases operation.
    If none of the above circumstances applies, a student withdrawing after date of enrollment is entitled to a refund of the following tuition fee:
Within first 10% of program (one week) 90%
After 10% but within first 25% of program (1 week to 2 1/2 weeks) 75%
After 25% but within first 50% of program (2 1/2 weeks to 5 weeks) 50%
After 50% but within first 75% of program (5 weeks to 7 1/2 weeks) 25%
After 75% (after 7 1/2 weeks) No refund
    C. Materials Fee Refund Schedule
    To obtain a refund for the materials fee, the withdrawing student must return intact all four text/workbooks and the Instructional booklet, within 14 days from notice of withdrawal. Upon receipt of said books, and within the guidelines set forth below, the School will issue a refund of all or part of the $100 materials fee component of the payment, according to the following schedule:
    ·     If all four of the text/workbooks and the Instructional booklet are returned unmarked and undamaged, the student will be granted the full $100 materials fee refund;
    ·     If the Instructional booklet is returned damaged or marked in any way, $10 will be deducted from the materials fee refund;
    ·     If the “Uniform” text/workbook is returned damaged or marked in any way, $25 will be deducted from the materials fee refund;
    ·     If the First “Colorado” text/workbook is returned damaged or marked in any way, $20 will be deducted from the materials fee refund;
    ·     If the Second “Colorado” text/workbook is returned damaged or marked in any way, $20 will be deducted from the materials fee refund;
    ·     If the last text/workbook (Closings, Record Keeping, Practical Applications, Legal Issues courses) is returned damaged or marked in any way, $25 will be deducted from the $100 materials fee refund.
    D. Other
    The policy of granting of credit for previous training shall not impact refund policy.
    Refund will be provided within 30 days of termination.

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V. RETURNED CHECK CHARGE and ATTORNEY FEES
There will be a $20.00 check charge added to all returned checks. In the event this goes to collection, the student will be solely responsible for all attorney and collection fees. MacIntosh Real Estate School will not be responsible for any personal decision of the student to discontinue the course, and is responsible only for the refund policy detailed herein and in the course catalog, and required by the Rules of the Department of Regulatory Agencies and Division of Proprietary Schools.

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VI. EXTENSION and RE–ENROLLMENT POLICY
As stated above, the contractual Enrollment Period is based on eight (8) months following the date student is accepted by the School. This time period may be extended according to the following schedule and for the following fee(s), upon written request to the Director of the School. (Email notice is sufficient, and shall be effective upon confirmation of receipt of said notice by return email from the School.)

This request must be received by the Director within the final 30 days of Student’s 8–month expiration date. If the request is made earlier than the final month of student’s scheduled enrollment, no determination will be made. If the request is made after the expiration of the 8–month enrollment, but prior to the one–year anniversary of Student’s enrollment, Director will make a case–by–case determination, based on the above factors.

The determination of the length of this extension will be at the sole discretion of the Director of the School, and shall be based on factors such as: 1) the extent of changes to the laws and forms that have occurred prior to, or will occur during the extension period, thereby necessitating changes to the School Materials the student originally received; 2) Student’s progress through the School program since enrolling, including – but not limited to – passage of School Final and Prep Exams.

The following fee – if any – shall be charged for the the granting of said extension:
    · A one– to four–month extension (totaling 9 months to one full year enrollment) for no additional fee.

No extensions will be granted after the one–year anniversary of Student’s enrollment. However, Student will be allowed to re–enroll at a reduced rate, according to the following schedule:
    · If request for extension is made after the one–year anniversary of Student’s enrollment, but prior to the two–year anniversary of Student’s enrollment, Student will be allowed to re–enroll for the fee of $299. Upon receipt of the fee and a newly completed and signed enrollment agreement, student shall be provided a new student number and new set of materials.
    · If request for extension is made after the two–year anniversary of Student’s enrollment, but prior to the three–year anniversary of Student’s enrollment,
Student will be allowed to re–enroll for the fee of $399. Upon receipt of the fee and a newly completed and signed enrollment agreement, student shall be provided a new student number and new set of materials.
    · If request for extension is made after the three–year anniversary of Student’s enrollment, Student will be allowed to re–enroll for the fee of $399.

Upon receipt of the fee and a newly completed and signed enrollment agreement, student shall be provided a new student number and new set of materials.

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VII. POSTPONEMENT OF STARTING DATE
Postponement of a starting date, whether at the request of the school or the student, requires a written agreement signed by the student and the school. The agreement must set forth: a) Whether the postponement is for the convenience of the school or the student, and: b) A deadline for the new start date, beyond which the start date will not be postponed. If the course is not commenced or the student fails to attend by the new start date set forth in the agreement, the student will be entitled to an appropriate refund of prepaid tuition and fees within 30 days of the deadline of the new start date set forth in the agreement, determined in accordance with the school's refund policy and all applicable laws and rules concerning the Private Occupational Education Act of 1981.

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VIII. TRANSFER OF ENROLLMENT
Student’s enrollment is non–transferable. Once enrolled, the student may not transfer their enrollment, materials, credits or fees, to any other person.

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IX. COMPLAINT PROCEDURE
Students who feel they have a complaint concerning any proprietary school may file a complaint online by contacting the online: Colorado Division of Private Occupational Schools (http://highered.colorado.gov/dpos) or calling 303–866–2723. There is a two–year limitation on the Division taking action on student complaints. (Based on the student’s last date of attendance – determined by latest activity with the School, such as email correspondence or testing activity during the 8–month term of enrollment

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X. EVALUATION OF STUDENT PROGRESS:
Classroom Attendance: All students of the MacIntosh Real Estate School are enrolled as correspondence (home-study) students. Therefore classroom attendance is neither available nor required.

Grading Policy: Correspondence students must submit completed final exams for each course being taken (via the website.) For the Associate Broker curriculum, (168 hours) the student must submit six exams with passing grades: one each for Real Estate Law and Practice, Colorado Contracts and Regulations, Trust Accounts and Record Keeping, Current Legal Issues, Real Estate Closings, and Practical Applications. Each final exam is automatically graded and the student is notified immediately.

All students must submit all completed exams by the end of the scheduled course work. In accordance of the requirements of the State Brokers examination, all students must pass each exam by at least 75%. A student's progress is considered unsatisfactory when the student is not progressing at a rate that corresponds with these requirements.

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XI. PROGRAM CONTENT AND PROCEDURE
Program Objective: The program and individual course schedules give a basic overview of the real estate industry and provides all the necessary information to prepare the student to pass the Colorado Real Estate Brokers examinations administered by the Real Estate Commission's Testing Service (PSI). The student should expect to complete the correspondence course in approximately 10 weeks. The home-study course work is designed to be completed according to the student's own schedule (4 hours per day, 4 days per week) at home. The six final exams must be taken at home and submitted to the school for credit. The final exams may be submitted only through our website.

The Independent Study Program consists of specialized course materials provided to the student and the final examinations. Where appropriate, the MacIntosh course materials have incorporated the appropriate text of the Colorado Real Estate Manual and keyed the workbook and quizzes to that text. The incorporation of the text and elimination of the separate Colorado Real Estate Manual from the coursework has eliminated the confusion caused by the need for constant cross-referencing, and the sheer volume of material.

Each chapter in the MacIntosh Real Estate School Workbook is followed by a Chapter Quiz. All of these quizzes must be completed by the student, but only the six final exams must be submitted to the school for grading and credit, as detailed above.

In order to pass each course, each student must receive passing (at least 75%) grades on that final exam. Certification of successful completion of the educational requirements will be given only if the above requirements are completed within eight (8) months following initial registration. An extension of this time period may be obtained by requesting this in writing (preferably by email: enroll@macrealestate.com ).

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XII. PREVIOUS EXPERIENCE or CLASSES
No credit is given for this course for partial completion of classes previously taken at another school or industry related experience. This policy shall not impact the above refund policy.

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XIII. PLACEMENT ASSISTANCE
MacIntosh Real Estate School is not affiliated with any Real Estate Brokerages. In this way, we can assure the student the most accurate information and highest standards of integrity. Although employment of graduates is rarely a problem, there is no guarantee of placement. In addition, MRES does not have a transfer agreement of attendance with other schools.

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XIV. CONDUCT and TERMINATION
A student may have his or her enrollment terminated by the MacIntosh Real Estate School, Inc. for non-payment of tuition or books, or failure to complete the course in the allotted period of time, as stated in our Attendance Policy. The term of enrollment shall begin as of the commencement date on the contract.

If a student is terminated for non-payment of tuition, then upon completed payment of the fees for tuition and books, that student will be re-admitted to the program. The reinstatement will be conditioned upon the eight month period as stated in the Attendance Policy. The enrollment period shall begin as of the commencement date on the contract. Students dismissed for failure to comply with accepted rules of school policy shall not be reinstated.

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XV. THE STATE LICENSE EXAMINATION:
    A. License Exam Procedure
The state license exam costs $71 (subject to change) and is administered at a PSI testing center on a simplified personal computer (PC) with a large monitor. As the exam is entirely multiple-choice, it is not necessary to have more than the basic skills of using a keyboard and mouse; the answers are chosen by "clicking" either "a", "b", "c", "d" with the mouse.

You will not need to bring a calculator for math problems, because the PSI Exam Center will provide one. There are no questions on either part of the real estate broker exam that require any more sophistication than that. Therefore, real estate broker candidates will not be allowed to bring and use a financial calculator, or one with printing or text/note saving capabilities.

The state license exam is comprised of two portions: the 80-question "Uniform" exam, and the 70-question Colorado-specific exam. The examinee is allotted a total of two hours to complete each part, for a total of 4 hours. The broker applicant must pass each portion of the exam, meaning that each examinee receive 75% on each test. If the examinee should pass only one of the exams, it will be necessary to make a new appointment to sit for the other exam again. Although the examinee will not need to take the other portion of the exam, (the one that was previously passed,) the examinee will still be required to pay another $55 testing fee.

The Uniform exam is first. You will be given two hours to complete this exam after you look at the first question on the monitor. If the examinee completes the Uniform exam before the allotted two hours has elapsed, they may go on to the second (Colorado) exam. However, the time remaining from the first exam will not be carried over to the second exam.

If the examinee has not completed the Uniform exam by the end of the first two hours, the PC will automatically go on to the Colorado portion, and the Uniform portion automatically will be scored. You will not be able to return to that exam again.

If you do not take the full two hours to complete each exam, you will be asked after the last question of each exam if you are sure that you do not want to return to the beginning (or elsewhere in that exam) to review your answers. If you answer that you are sure you are finished, the unit will "lock out" any further answers. It is strongly advised that after completing each exam, you return to the beginning and review each question and answer carefully. Frequently, questions are worded such that a careless first reading will mislead the examinee into believing the question means something that it doesn't. A careful review will ensure that confusingly worded questions are caught and answered properly. Additionally, the PC allows you to either "mark" or "skip" a question, and at almost any point in the exam, return to that question to review it.

The student is encouraged to visit PSI's website and walk through their online exam tutorial: http://www.psiexams.com/

The most important item to remember is to read each question very carefully, as well as all of the four possible answers. Whereas the old adage that your first impression often is correct, you cannot be sure that you have chosen the correct answer if you have not thoroughly considered each of the possibilities.

All topics covered in the MacIntosh Real Estate School manuals are fair game for the exams. All quiz, final exam and "prep" test questions are designed to emulate the testing style - and in many cases are questions that have been reproduced from previous versions - of the actual state license exam.

On every examination, there are some new questions that are not scored. (Typically, five for each of the Uniform and Colorado exams.) These are pretest items. They are used only to evaluate how the questions perform and will neither add to nor detract from your score. However, you will not be told which questions "count" and which do not. Additionally, these questions will not count against your time limits.

You will receive your scores at the testing center immediately after you complete your examination and return to the reception area. You will receive a sheet verifying that you have passed, or if you have not received a passing score on both exams, the sheet will describe your strengths and weaknesses in the various topics. For those examinees who successfully pass both parts of the exam, the sheet will verify a passing score, (specific scores are not given on successfully passed tests,) and in the upper right-hand corner, will have the photograph that was taken at the time of registration prior to the exam.

    B. Making Your License Exam Appointment
    You must make an appointment at least three business days before the examination date you desire. To make a reservation for your real estate examination, call PSI, at: 1-800-733-9267

You may call the automated scheduling line 24 hours a day, 7 days a week, but if you wish to speak to a representative, you should call during business hours (Pacific time). As you follow the directions, you will be connected to the examination reservation operator. Be sure to have ready a piece of paper, a pencil and your social security number. You will be given a confirmation number. Write this number down and bring it with you to the exam center on the day of your test. Tests are typically administered six days per week, Monday through Saturday in Denver, except for nationally recognized holidays and holiday weekends. (Subject to change by PSI.)

You may also schedule an exam appointment by going to PSI's webpage: www.psiexams.com

    C. PSI Exam Payment & Policy
    The fee for each sitting for the examination is $71.00. Payment method: All real estate candidates must pay for their exam at the time of registration. NO MONEY/CHECKS WILL BE HANDLED AT THE TEST CENTER.

There will be four payment methods: 1.) By credit card at the time of registration. 2.) By debit card at the time of registration. 3.) By e-check at the time of registration. (This is the same as payment by personal check except instead of writing a piece of paper, the candidate will give the bank name, correct full name and address on the bank account, the entire series of numerals (including the check number) along the bottom of a check, and a confirming SSN or driver's license number to the customer service representative who will then take the money out of the checking account.) This option is subject to change by PSI; 4.) By cashiers check or money order.

If you are absent from your scheduled examination, you will be billed for two exams when you register again. If you plan on being absent from your scheduled testing date, you must cancel or reschedule at least two days in advance by 5:00 PM Pacific Time. At this point, you will be permitted to transfer 100% of the fees to a new date without penalty. If you call less than two business days prior to your test, you may reschedule with a penalty not to exceed the exam fee. If you call on the scheduled day of your examination or afterwards, your fees will not be transferred to another day.

    D. What to Bring to the Exam
    Bring only 2 forms of ID, including at least one picture ID, (i.e., Driver's license or state-issued identification.) This is not an open-book test. You may not bring notes, textbooks or practice exams. Do not bring a calculator, pencils or papers. The exam is administered on a PC and you will be provided with a calculator. Pencils and scratch paper will be provided at the exam center. Examinees are discouraged from bringing backpacks, purses, etc. into he testing center. If any of these items are brought to the testing center, the examinee will be asked to leave them with the proctor at the front desk.

    E. Special Services
    If you have a disabling condition, you may ask for special testing services. You must request a testing appointment at least two weeks prior to the date you wish to be tested. Written verification and the statement of assistance required must be received by PSI at least one week prior to the examination date. This verification must be from a professional qualified to diagnose and document the disability.

If you request reading assistance due to dyslexia or other learning disabilities, the condition must be diagnosed and document by a clinical psychologist or a school counselor. You may not bring anyone with you to assist you with the examination.

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XVI. FINGERPRINTS and BACKGROUND CHECK
As described in the Fingerprint/Background Check Official Bulletin (www.macrealestate.com/FINGERPRINT.pdf), the applicant will be required to have fingerprints taken and submitted to the Colorado Bureau of Investigation. This may be done at any time prior to application, but the sooner the better, because the Real Estate Commission will not process the license application until receiving a background check from the CBI, and delays could be up to two months.

There are several methods described below for obtaining the fingerprints and transmitting them to the CBI. However, we recommend the applicant do this at a PSI testing center (for a $20 fingerprint fee, in addition to the $39.50 background check fee) because PSI will electronically transmit the fingerprints to the CBI at that time. This may be done at the time of successful passage of the licensee exam, or at any time prior (by appointment).

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XVII. LICENSE APPLICATION PROCEDURE
Following the successful passage of the exam, proof of this will be transmitted to the Real Estate Commission. The applicant will be given a license application. At some time prior to submitting the completed application to the Real Estate Commission, the applicant must also have their fingerprints taken and transmitted to the Colorado Bureau of Investigation, together with the fee for background check. The applicant will also submit with the application a paper Certification (REC-33) from the school of completion of the educational requirements, together with certification that the applicant has passed the licensee exam) to the Real Estate Commission. The applicant will submit the application and Certifications to the Real Estate Commission, together with the employing broker's signature and the appropriate license application fees, to:

Department of Regulatory Agencies - Division of Real Estate
1900 Grant Street, Suite 600
Denver, Colorado 80203
(303) 894-2166

XVIII. REAL ESTATE COMMISSION LICENSING REQUIREMENTS
For the most up-to-date information about education and testing requirements, please access on the web: www.dora.state.co.us/Real-Estate/licensing/BrokerRequirements.pdf (Colorado Real Estate Commission Education and Testing Matrix.)

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