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Course 507 – Specialized Nonresidential Payments

Course Number: C507 - Online
Course Title: Specialized Nonresidential Payments
Course Level: Intermediate
IRWA Credit Units: 8 CEUs (Continuing Education Units)
Prerequisites: IRWA Course 502 - Nonresidential Relocation
Price: $265 USD for members / $330 USD for non-members

Course Description
This course is designed to demonstrate the benefits of certain nonresidential relocation payments, such as actual direct loss and substitute personal property, and how relocation agents can apply these specialized payments to facilitate a successful business relocation.

Students will practice concepts through interactive exercises and case study scenarios. Progress quizzes at the end of each lesson will gauge knowledge transfer. There will also be an exam at the end of the course.

Course Objectives
Upon completion of this course, students will be able to:
• Describe the benefits of specialized or alternative nonresidential payments
• Compute an actual direct loss of tangible personal property payment
• Compute a substitute personal property payment
• Determine the reasonable cost incurred in selling an item that is not to be relocated
• Explain the low value/high bulk payment
• Describe related nonresidential expenses

Credentialing
  • New SR/WA: An intermediate elective course that can be applied towards the SR/WA designation.
  • Specialist: This course is also applicable as an elective toward the R/W-RAC program.

Anytime you purchase an online class at IRWA University, you have one year from the date of purchase to complete your class. After that time, the class will no longer be accessible. Your progress is saved, however, it is highly recommended that you finish the class as soon as possible from the date of purchase to ensure high retention and application rate of knowledge and skills learned.

All participants will receive a total of 2 attempts to pass the exam with a score of a 75% or better. If a passing grade is not achieved by the second attempt, the participant must re-purchase the class if he or she wishes to take the exam a third time. Please note, IRWA online classes are not approved for State QE or CE credit.