You land with normal flap (whatever that may be on the 737ng not sure)
Only other change on approach is that the speed and auto brakes are not armed.
the following is company, base checker specific i'm sure but in general.
Student maintains the centre line does not deploy reverse. If either speed brake or thrust reverse is deployed then a/c brought to a full stop
base checker:
brings up the thrust to an intermediate level
retracts flaps to a take off setting
sets trim to a sensible amount
ensure speed brake is still down
checks engine instruments
brings thrust up to a take off setting.
Once all this is completed you should be at or near Vrotate
go again (minimum 6 if first type, 4 if experienced)
If anything goes wrong, base checker takes control and stops the take off.
Most fun you can have with your clothes on as far as i'm concerned