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CONTACT: Art Ansoorian (8l8) 88l-ll83

FOR IMMEDIATE RELEASE

HOME WARRANTY ASSOCIATION OFFERS STREAMLINED EDUCATION COURSE FOR REAL ESTATE COMMUNITY

BURBANK, CA, MAY 11, 2000 -- Responding to what it says are changing conditions and activity in California's homebuying market, the Home Warranty Association of California (HWAC) announces tha tit has been certified by the Department of Real Estate to offer a three-nit continuing education course that has been streamlined to make it easier for real estate professionals to attend. 

Titled "Opportunities and Advantages of Home Warranty Disclosure", the newly configured course can now be attended in three one-hour sessions, rather than a single three-hour-block, reports Ray Adams, HWAC president.

"Our new format provides the real estate community with greater flexibility to attend the course, and greater ease of scheduling by local real estate companies and realty boards. The course will reach more professionals who are more likely to have one hour available than three," Adams said.

He added that with the combination of over eight of every existing homes sold in California today having a home warranty, and the ongoing strength of the homebuying market, every real estate brokerage and agent should consider taking this course, which updates the most recent information about the home warranties in California. 

The three-hour course, prepared by HWAC and carried out by HWAC-trained instructors, is available to California real estate licensees and fulfills DRE requirements for continuing education in real estate. The course has been approved for two years by DRE under the designation Consumer Protection (Code Section 10170-10171.6).

Topics covered in the course include: the value of a home warranty in today's real estate transactions, Department of Insurance and the Home Protection Company Act, the typical home warranty contract (including non-covered items), glossary of home warranty terms, disclosure of home warranty contracts to seller, disclosure to buyer, and advantages of the home warranty to the licensee. 

For more course information, call HWAC at (818) 881-1183

HWAC is a statewide organization of home warranty companies representing over 93 percent of warranty contracts sold in California.

Member firms of HWAC include American Home Shield Corporation, Buyers Home Warranty Company, Continental Home Warranty, Inc., Fidelity National Home Warranty Company, First American Home Buyers Protection, HMS/Cross Country Home Services, Old Republic Home Protection Company, Inc., and 2-10 HBW Warranty of California.

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