Monthly Archives - August 2017

Florida real estate agent

How Do I Renew My Florida Real Estate License?

Florida real estate agents are required to renew their professional licenses every two years. This means that you must attend real estate courses to maintain a solid knowledge-base about the industry. These courses are meant to help you and your clients as the real estate industry changes.

If the time has come to renew your Florida real estate license, the good news is that it takes just a few steps. This guide will you walk you through the things you need to know to renew your professional license without hassle.

Meet Continuing Education Requirements

The first step to renewing your license is to complete the educational requirements with post-licensing courses. As a sales associate, you must complete 45 hours of education. If you are a real estate broker, you must complete 60 hours. No matter your occupation, you must complete educational requirements before the expiration date.

In lieu of attending a course, you may substitute one Florida Real Estate Commission meeting for three class hours each renewal cycle. If you intend to substitute the meeting as a course, you must notify your division at least one week in advance of your plan to attend.

Continuing Education Course Topics

Many real estate agents choose continuing education courses as a way to focus in on different topics of study. For example, some courses focus on real estate laws and regulations or niche marketing. A course focusing on real estate safety will show you how to conduct safe showings and protect both you and your clients. Other courses focus on the role of millennials in real estate and how to maintain strong relationships.

This is the perfect opportunity to focus on a niche that you want to explore in your career. For example, you might use these courses to focus on selling vacation or beach homes or to study green housing options. A niche makes you a more desirable candidate for clients searching in these specific areas.

Important Notes about Continuing Education Courses

It is important to remember that real estate course credits do not carry over between renewal cycles. Any extra credits you have will be forfeited when you renew your license. The good news is that you can still put the education have earned to use.

Additionally, you can take these courses online or in person. Each offers its own benefit. Online courses allow you to study on your own time schedule, and in-person classes allow you to engage with a teacher and other students in a more active setting.

Real estate agent

Learning how to sell all types of homes is the key to being a successful Florida real estate agent.

Renew Your Real Estate License Online

With the help of Florida’s Department of Business & Professional Regulation website, you can renew your license and pay for renewal quickly. Simply fill out the form and input your payment information. Many real estate schools will send over your proof of course completion automatically.

There are so many options for continuing education in the real estate industry. Are you looking for educational options for license renewal? Contact us for more information about studying for the next phase in your career.

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Indiana real estate

How Do I Renew My Indiana Real Estate License?

Congratulations on spending your first renewal period working as an Indiana real estate agent! As June 30 rolls around, you will be contemplating how to renew your real estate license. As complicated as the process may sound, Indiana makes it as simple as possible to renew your license so that you can continue working in the real estate field.

This guide will walk you through the steps of renewing your real estate license so that you can better understand it as the time approaches.

Understand Real Estate License Renewal Requirements

In Indiana, you are required to complete 12 hours of continuing education. These courses must be taken at an approved provider, but they may be about any approved real estate topic. A list of approved providers is available on the Indiana real estate license website.

Approved topics for real estate education typically include real estate ethics, financing, contracts, fair housing, and green housing. These courses are designed to help you work toward becoming a successful real estate agent or to focus on a niche you find interesting.

Complete Renewal Forms Online

You can renew your real estate license online. The form will be available online during the license renewal period. You can also print out the form and mail it in.

There is a licensing fee due at the time you turn in your renewal form. For individuals, this licensing fee is $60. You can submit the fee online or send a check depending on how you choose to submit your application.

With the form, you will also include proof that you have completed your continuing education requirements. Real estate agents are required to send proof of education completion if they are chosen for an audit. These students are selected at random.

Failing to Complete License Renewal Requirements

Unfortunately, there is no extension available for those who are unable to meet the continuing education requirements. If you do not fulfill the continuing education requirements by the expiration date, you may be audited and face a penalty of up to $5,000. Additionally, you are required to make up for these hours.

Indiana Real estate

Real estate is a year-round career. How can you tailor your education to ensure that your skills are well-suited for the job?

Receiving a Waiver for Educational Requirements

Waivers are granted for only two reasons. If you are active in the military for one of two years during the licensing period, you may receive a waiver for continuing education. You may also receive a waiver if you have been dealing with an incapacitating illness that has prevented you from working for at least 12 months in a three-year licensing period.

In order to receive your renewed license, you must meet continuing education requirements each year. The best way to plan ahead is to complete your courses as early on as possible. This is where we can help you by offering a diverse array of course hours that help you meet Indiana’s requirements. Contact us for more information about real estate education in your state.

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Real estate agents

Robot Real Estate Agent Concept Emerges in New York

It seems as if real estate companies are always looking for new ways to lower the cost of selling a home. At the same time, consumer worries about robots and big data taking over do not seem entirely unfounded. As brokerage firms worry that commission is crushing them, some companies are looking for new solutions to old problems.

This all leads to a news story in which a Long Island office reveals it has opened with the intention of using non-human real estate agents.  It has already happened in California too.

Knowing all of this, what does it mean for real estate agents like you? What can we expect for the future of real estate?

Why Are Robots Replacing Real Estate Agents?

As you know, home listings may result in a commission for the real estate agent up to 6 percent. When companies rely on robotic real estate agents, commission can get down to a mere 2%. It is also clear that investors are interested in this new concept. In fact, investors have put in at least $16 million in the hopes of seeing how this develops.

Of course, California and New York are not the only ones pursuing this type of technology. Other real estate companies are gaining capital too, one company even landing commissions as low as 1.5%. It seems unbelievable now, but it almost seems as if the world is leaning toward an economy without a need for real estate agents.

How Are Robotic Real Estate Agents Working?

Of course, you are now left wondering how well these new “real estate agents” are doing. The truth is that machinery can perform a variety of tasks that the average human cannot, especially so quickly. Machines can easily compile data analyzing income levels, location, and other finances. This helps real estate companies create targeted advertisements and marketing materials to reach out to new clients.

All in all, it seems to work well for those California brokerage offices working on new techniques. Still, there are many questions left unanswered until we see more of these robots in action around the country.

Real estate agent

As people become more comfortable with robots, you may find yourself working alongside one.

Can Robots Provide the Same Service as Real Estate Agents?

Many real estate agents are left wondering if robots can really provide the same type of customer service and satisfaction as real-life real estate agents. Can buyers and sellers rely on robots the same way? In 2015, about 89% of home sellers used real estate agents to complete their transactions. This is up from the 1980s.

Ultimately, it is unclear how real estate clients will react, but it seems that the digital age makes people much more comfortable with working with computers than in the past, especially from a data-efficiency standpoint. One way to ensure that you provide continuously excellent customer service is to stay up to date on the real estate industry. Contact us for more information about continuing education to keep you up to speed.

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North Dakota real estate exam

How to Get Your Real Estate License in North Dakota

In order to work as a real estate salesperson in North Dakota, you must first obtain a license through the North Dakota Real Estate Commission. The commission issues real estate licenses based on candidates who are able to fulfill the requirements, which include pre-licensing education, an examination, and post-licensing education. This guide will walk you through the process of becoming a real estate agent in North Dakota.

General Real Estate License Requirements

In North Dakota, you must be at least 18 years old to have a real estate license. You must also have a high school diploma or its equivalent. This will help to provide you with a foundation for the education you need to work as a real estate agent.

The Real Estate Commission must also determine that you are an honest and truthful person. You must demonstrate financial integrity. This is demonstrated through a criminal background check and credit report. You will be asked to provide fingerprints and payment for the check.

Meet North Dakota Real Estate Education Requirements

One of the first steps you must take in order to obtain your real estate license is to take and pass 45 hours of pre-licensing coursework. The coursework provides the preparation necessary to work as a real estate agent.  With constant changes in industry trends, the coursework helps to lay a foundation for future knowledge.

Classes are available online and in person. There are advantages to both types of courses. Online classes can be affordable while allowing for self-paced learning. On the other hand, taking a course in a classroom allows for additional engagement for those who learn better in this environment.

Coursework for these courses is meant to prepare students to pass the real estate examination. Study aids are also available to help reaffirm the learning.

Pass the North Dakota Real Estate Examination

Once you submit your paperwork in the initial stages of applying for a real estate license, you will be assigned a test identification number. This allows you to make an appointment to take the test with Applied Measurement Professionals (AMP). You can pay for your testing at this time via credit card, money order, or cashier’s check.

Two AMP testing centers are located in North Dakota in Bismarck and Fargo. The exam is administered via computer, which provides information regarding how much time you have to complete the examination. For both portions of the exam, you will be allowed 3.5 hours.

In order to be eligible for a real estate license, you must complete and pass both the national and state portions of the exam. Questions cover general topics surrounding laws, principles, math calculations, and methods.

North Dakota real estate exam

Studying real estate calculations and finances is one way to prepare for the North Dakota real estate exam.

The national portion of the real estate examination includes 100 questions that count toward your score in addition to possibly several test questions. Questions are broken down into different categories to provide a thorough overview of the real estate industry. In the question breakdown, 28 pertain to real estate agency relationships and contracts, 13 pertain to real property ownership, 14 pertain to finance, 14 pertain to real property, 10 pertain to marketing regulations, 8 pertain to property management, and 13 pertain to real estate calculations. There are also 40 questions on the exam pertaining to North Dakota’s state regulations.

Once you complete the examination, you will receive your score right away. In order to move forward in the application process, you must pass both portions of the exam. You must answer 70 questions correctly on the national portion and 30 questions correctly on the state portion. If you do not pass one portion of the exam, you only need to take the failed portion again. You must do this within the year.

Receive Real Estate Broker Sponsorship

In addition to working as a real estate agent, you must also work under the sponsorship of a real estate broker. The broker will ensure that you are learning how to operate as a real estate agent and are capable of handling the workload. You will learn a lot about the industry while working with a broker.

When you submit your real estate application, you will also be required to submit information about the real estate broker you will be working with. They agree to be responsible for your actions as you learn about the industry, and you agree to work under them.

Submit the Final Real Estate Application

In order to submit your real estate application, you must also submit a $100 application fee in addition to an $8 fee for the credit report. You must also submit your original score report to the North Dakota Real Estate Commission.

There are several cases in which you may not be granted a real estate license. For instance, your license may not be approved if you have made false statements on your application. It will also not be approved if you did not meet licensing qualifications. The commission will also consider whether you have had a real estate license suspended or revoked in another state.

Additionally, the North Dakota Real Estate Commission will determine if you have a history of bad financial integrity or a reputation for dishonesty. This might include a history of theft, fraud, or identity theft. Real estate agents are responsible for financial dealings, and so there is a need to ensure that they are honest.

Meet Continuing Education Requirements

Within one year of obtaining your North Dakota real estate license, you must submit to your supervising broker that you have completed 15 hours of post-license education. This coursework is designed to ensure that you understand the best way to perform your duties as a salesperson.

As a real estate agent, you must also continue your education to stay up to date on changes in the industry. This is where we come in, offering real estate education that you can complete online to meet your needs. Contact us for more information about real estate continuing courses that meet North Dakota standards.

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Real estate agent

11 States Where Renting Beats Owning and What It Means for You

If you have been paying close attention to the nation’s real estate market recently, you may have found that there are actually a few states in which it may be more advantageous for consumers to rent homes rather than to buy them. Of course, there is a lot that you need to know about this when you are working as a real estate agent. How can you compete if you live in one of these states?

10 States (and 1 District) with the Rental Advantage

Research has determined that there are 10 different states in which renting a home is more affordable than buying. These include Hawaii, Arizona, Wyoming, Utah, Oregon, Montana, Colorado, Idaho, North Carolina, and Nevada. Washington, D.C., is also included in this list. This is up one state compared to last year.

Monthly payments are often simply cheaper for renters now than in previous years. Depending on the state, many areas may not offer much incentive to become a homeowner. In some areas, the costs of homes are increasing faster than wages of jobs in the state.

As a real estate agent, this leaves you wondering about your role in these states. How can you advise your clients to make good decisions about buying and selling property in these states? Understanding the advantages posed by renting a home can help.

Advantages of Renting Over Owning

Not only might renting be more affordable on a monthly basis, but it also offers a number of other benefits. These include the idea that renting is versatile. A family can opt to move out in favor of a cheaper option at any point. Even breaking a lease is more convenient than leaving behind a mortgage.

There is also some risk to taking on the debt of a mortgage. Many families also simply lack a down payment to put toward a house. All of this makes renting so much more appealing.

Real estate agents

Florida is one state where buying is more profitable than renting. Where does your state stand?

What Does This Mean for Real Estate Agents?

There are many implications for real estate agents in these new findings.  First, it means that real estate agents in these states may need to work harder to see the same returns as agents in other states.  It also means that marketing is becoming an even more essential skill.

Of course, there are many locations in which buying still reigns supreme. Take a look at the city of Omaha, for instance. In this Nebraska city, the average monthly rent is $1,255 whereas the average monthly mortgage is only $583. This is also similar in cities like Cincinnati, Tulsa, and Louisville. In these areas, you could very well continue selling homes with no problem.

Additionally, this could mean that real estate agents need to focus on working with renters and landlords. One way to do this is to pursue continuing education courses to enhance your skills. We can provide you with information you need to pursue this option. Contact us for more information about these courses.

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Missouri real estate

How Do I Renew My Missouri Real Estate License?

One of the first challenges you might come to during your career as a real estate agent in Missouri is your license renewal. It can be difficult to navigate the process of renewing your real estate license, especially because there is still such a difference between renewing online and through the mail. While the process may not be seamless just yet, renewing your license can be simple.

The next deadline for all salesperson license renewals is September 30, 2018. With this information in mind, it is always a good idea to begin the process of taking real estate courses with renewal in mind.

Meet Missouri Continuing Education Requirements

First, you must meet your state’s continuing education requirements. In Missouri, the licensing period consists of two years during which you must take 12 hours of real estate education.

The courses you take must be approved by the Missouri Real Estate Commission, and at least three credits must be considered core classes. Common topics for core courses include fair housing and representation options.

Many different courses are available as electives. These include topics like applying for a mortgage loan, property hazards, real estate ethics, and financing.

Understand Missouri’s Renewal Process

Missouri has a strict licensing structure, so online renewals are not always available. The Missouri Real Estate Commission may accept renewal submissions via mail or online form based on when you are trying to renew.

If online submissions are available, make sure that you have your updated contact information, license number, and a pin number on hand. You must also ensure that your school has reported your continuing education hours to the real estate commission.

If online renewal submissions are not available, you should receive a paper application for renewal in the mail up to two months before the expiration date on your license.

Payment for real estate license renewal is available via credit card, debit card, and electronic check. Your renewal fee is due at the time you submit your application.

Missouri real estate license

Learning how to identify potential hazards and other inspection-worthy details can help you advise your clients.

Check Your License Status

Your next step is to verify that your real estate license was renewed. You should be able to access your licensing status on the Missouri Real Estate Commission website by clicking on “Licensee Search.” There, you can make sure that your new expiration date has been successfully updated to the next renewal period.

If you fail to renew your real estate license on time, you are subjected to a late renewal fee for each month you are late.

Remember that you cannot renew your real estate license without first taking your continuing education courses. There is so much to learn about your industry, and it is also possible to focus on new niche while you renew your license. With the Internet, it could not be more convenient to study. Contact us for more information about studying for your real estate license renewal.

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How Do I Renew My New York State Real Estate License?

Realestate

Renewing your New York State real estate license is an online process that requires you to complete just a few simple steps. Real estate agents are not allowed to conduct any real estate business with an expired license. In New York, there is no grace period for working in the industry. This guide will walk you through the process of renewing your real estate license.

New York Real Estate License Expiration

The real estate license expiration date will be printed on the license itself. You can renew your real estate license three months before the expiration date. Around this time period, you should receive reminders via email and mail about your renewal date. You will then use eAccessNY to renew your license.

Real Estate Continuing Education in New York

In order to renew your real estate license regularly, you must complete 22.5 hours of continuing education from an approved school. At least three of these hours must also relate to fair housing or discrimination. One hour must be focused on real estate law, with the exception of the first licensing term.

The other continuing education hours can be electives. Courses include those related to real estate ethics, antitrust practices, green housing, broker management, real estate pricing, real estate financing, and real estate agent safety. Each of these courses is required to help you learn about emerging trends and changes in the real estate industry.

Sponsoring Real Estate Broker

In order to renew your real estate license in New York, you must work under the supervision of a real estate broker just as you are supposed to do when you become a real estate sales agent. The broker is responsible for the work you do on some level, providing you with guidance as you complete transactions. This is the case until you choose to become a real estate broker and work on your own.

Real estate

Renewing Your Real Estate License Online

Once you log in to eAccessNY, you will find a list of licenses and license numbers to select. You will be shown the option to renew your real estate license and then be given a list of questions. In applying for a real estate license, you are agreeing that you have met all the requirements for license renewal. The process is fairly straightforward, and directions are provided on the New York Division of Licensing Services website if you are having difficulty.

Real Estate License Renewal Time Limit

If you do not renew your license within two years after it expires, you will be required to retake the New York real estate examination and submit a new real estate license application with the corresponding fee. You are not required to take additional continuing education if this is the case for you.

Continuing education serves several purposes. First, it allows you to renew your license quickly. Second, it provides you with additional education that helps you pursue a successful career as a New York real estate agent. Contact us for more information about real estate education in your state.

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New Jersey real estate

How Do I Renew My New Jersey State Real Estate License?

It can take a long time to feel that you are picking up steam while working as a real estate agent. When it is almost time for the renewal due date, the New Jersey Real Estate Commission will send you a notice about your current status. It’s important to renew your license, otherwise you’ll be inactive and ineligible to practice until you reinstate your license.

This guide will help you adjust to New Jersey real estate sales practices and requirements.

Meet Continuing Education Requirements

The first step to renewing your real estate license is to understand the requirements you need to fulfill each licensing term. You must complete at least 12 hours of continuing education, six of which pertain to core topics. Two hours must be related to ethics, and the other four may be electives or core courses.

Not sure which topics are considered core? Many interesting topics are available for New Jersey real estate agents. These include disclosure, legal issues, ethics, fair housing, real estate regulations, and environmental law.

Elective topics allow real estate agents to specialize in their favorite niches. These include topics like commercial real estate, property management, financing, seasonal rentals, valuation, and short-sale transactions.

Wait for Vendors to the Real Estate Commission

Real estate schools send your information about coursework to the New Jersey Real Estate Commission automatically. It may take about 10 days for this transfer of information to occur. You should be proactive in checking to ensure that your coursework has transferred correctly.

There are several places you can check to learn more about your current status as a real estate agent. One is through PSI Continuing Education Online, which allows you to see your previous and current continuing education hours. You can also print your transcript.

New Jersey real estate license

Renewing your license allows you to help new buyers achieve their dreams. Stay up to date on education to achieve yours too.

Failure to Renew Real Estate License

If you fail to renew your real estate license on time, you are ineligible to renew it. Instead, you must complete the continuing education requirements and then pay the fees necessary for reinstatement. Keep in mind that you do not need to renew your real estate license during a term if you first received your real estate license in the second year of said term.

You may receive a waiver for meeting these requirements if you experience incapacitating illness, an emergency situation, or are on active military duty. You will need to make up waived courses in the next license renewal period.

No extension is allowed for any real estate agents who fail to meet renewal requirements except for those who qualify for a waiver. Waivers are not eligible for students who face financial hardship or personal obligations.

Finally, remember that continuing education credits do not roll over to the following licensing term. Additionally, you may not receive credit for taking the same course more than once in the same term. This means you need to have a diverse offering of courses available. We can help. Contact us for more information so you can pursue your real estate dreams.

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