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ARELLO Approves CampusMBA For Licensed Real Estate Professionals

Washington, DC (November 20, 2001) - The Association of Real Estate License Law Officials (ARELLO) has approved CampusMBA, the educational arm of the Mortgage Bankers Association of America (MBA), as a certified primary

provider and course developer for licensed real estate professionals. ARELLO also approved CampusMBA's Real Estate Law, an intermediate level, print-based distance-learning course with a mastery-based curriculum, as a certified course.

Real Estate Law, a self-paced, self-study course, provides in-depth coverage of the fundamentals of real estate law. Students explore the dynamics of the transfer of real estate and the sale of ownership interests. They also acquire an understanding of the regulation of ownership interests, including the regulations of land development, Fair Housing and environmental laws. Completing continuing education via distance learning allows professionals to get the training they need to maintain licensure while eliminating travel costs, time out of the office, and time away from clients.

To become certified, a course provider must provide ARELLO with a detailed description and implementation plan for the course and meet standards set forth in their Distance Education Standards Manual. This is accomplished by completing a detailed application that allows the ARELLO review team to evaluate all aspects of the course. Dr. Robert Meyer, Fulbright Scholar in Distance Education, is the consultant on Distance Education Certification project.

CampusMBA offers many courses that meet continuing education requirements for real estate finance professionals. Gaining ARELLO certification allows CampusMBA to submit their certified course in jurisdictions that require ARELLO certification for approval. The certification enables CampusMBA to further provide training to the real estate finance professionals.

"Many of the members require continuing education credits for their licenses and it is important for the MBA to offer content that is applicable to the commercial members. We hope in the future that members will actually enjoy getting their continuing education credits rather than enduring them as a chore," says James Morrison (AEGON USA Realty Advisors, Inc.), Committee Chairman for MBA's Commercial Board of Governors (COMBOG) Education Committee.

For more information about CampusMBA or real estate finance continuing education, visit www.campusmba.org or contact Krista Sabol at 202-557-2794.

MBA is the national association representing the real estate finance industry. Headquartered in Washington, D.C., the association works to ensure the continued strength of the nation's residential and commercial real estate markets; to expand homeownership prospects through increased affordability; and to extend access to affordable housing to all Americans. MBA promotes fair and ethical lending practices and fosters excellence and technical know-how among real estate finance professionals through a wide range of educational programs and technical publications. Its membership of approximately 2,800 companies includes all elements of real estate finance: mortgage companies, mortgage brokers, commercial banks, thrifts, life insurance companies and others in the mortgage lending field. For additional information, visit MBA's Web site: www.mbaa.org.

Laura Armstrong

Tisha Richardson

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