.

 

 

Real Estate

Education Newsletter

 

by teacher

Deborah Long

 

January, 2019

 

 

My classes offer

comfortable seating, 

breakfast or lunch, and limited seating. 

 

You can take electives online, and I have some new ones!

 

To enroll in any of my scheduled classes listed to the right, go here.

 

See the course descriptions 

here.

City
CE Course Schedule
Date
Time
CHAPEL HILL
1/8/2019
9:00 AM

CHAPEL HILL

This class is almost sold out.

1/15/2019
12:00 PM
TBA
TBA
2/19/2019
12:00 PM
TBA
TBA
2/26/2019
12:00 PM
CHAPEL HILL
TBA
2/28/2019
12:00 PM

 

Happy New Year to you all!

 

February classes will be scheduled in late January.

 

 

 

From

The Wall Street Journal

 

Proposed Federal Rules May Enable Homes to Be Bought/Sold without Appraisals

 

Federal regulators have proposed loosening real-estate appraisal requirements to enable a majority of U.S. homes to be bought and sold without being evaluated by a licensed human appraiser. That potentially opens the door for cheaper, faster, but largely untested property valuations based on computer algorithms.

 

The proposal was made earlier this month by the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corp. and the Federal Reserve. It would increase to $400,000, from $250,000, the value of homes that can be bought and sold without a tape-measure-toting appraiser visiting a property.

More than two-thirds of U.S. homes sell for $400,000 or less, according to U.S. Census data and the National Association of Realtors.

 

If the regulators’ proposal had been in force last year, about 214,000 additional home sales, or some $68 billion worth, could have been made without an appraisal.

 

 

 

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Do Inactive Brokers have to take CE?

 

The simple answer to this question is no.  But they really better.  Since 2018, inactive brokers who do not take CE classes for more than two years will have to take 68 hours of classes in order to reactivate their licenses.  Yes, 68 hours! 

 

So all brokers should take 8 hours of CE (the correct update course--either the GENUP or the BICUP--and an elective) to avoid the painful alternative.

 

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NAR Code of Ethics Requirement

 

Beginning in 2019, Realtors must complete at least 2.5 hours of Code of Ethics training every two years, with the most current deadline of December 31, 2020. 

But remember, the ethics course is a requirement only for Realtors. 

Not every real estate licensee is a Realtor.

If you are not a member of the National Association of Realtors, your only requirement is the appropriate Update course and any approved elective course. 

 

The ethics course can be taken online for FREE via the NAR website or you can take an approved four-hour ethics course and also obtain CE elective credit in NC. I have three online courses from which to choose that will count toward your elective credit AND NAR credit. Call your location Association of Realtors for clarification if you have questions.

 

Questions?  Email me.

Online Learning

 

You can find information about online electives here.

 

All licensees, including BICs, must take an elective course. 

You can take two different elective courses

and bank one for the following year.

 

My online courses are competitively priced at $63/$67. 

 

The GENUP and BICUP courses are NOT available online.