Tag Archives: continuing education

IMPORTANT DEADLINE FOR REALTORS® – Get Your Ethics Course Completed!

The National Association of REALTORS® has moved their Code of Ethics requirement to a 2-year cycle ending December 2018.

By Jeff Sorg, OnlineEd Blog

(November 8, 2018)

(PORTLAND, Ore.) OnlineEd – REALTORS® are required to complete ethics training of not less than 2 hours, 30 minutes of instructional time within two-year cycles. The training must meet specific learning objectives and criteria established by the National Association of REALTORS®. This current cycle began on January 1, 2017, and ends December 31, 2018.  Training must be repeated each cycle to help all members understand and follow NAR’s Code of Ethics and Standards of Practice.

OnlineEd has courses approved in many states to be used to satisfy the NAR requirement and for continuing education for license renewal. These courses emphasize the standards of ethical conduct in the practice of real estate based on the National Association of Realtors® Code of Ethics and Standards of Practice and on federal and state laws governing conduct applicable to the practice of real estate.

For more information about OnlineEd course offerings, please view the course catalog for your state at www.OnlineEd.com.

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OnlineEd blog postings are the personal opinion of the author and not intended as legal or other professional advice. Be sure to consult the appropriate party when professional advice is needed.

For more information about OnlineEd and their education for real estate brokers, principal brokers, property managers, and mortgage brokers visit www.OnlineEd.com.

All information contained in this posting is deemed correct as of the date of publication, but is not guaranteed by the author and may have been obtained from third-party sources. Due to the fluid nature of the subject matter, regulations, requirements and laws, prices and all other information may or may not be correct in the future and should be verified if cited, shared or otherwise republished.

OnlineEd® is a registered Trademark

Real Estate Brokers Influence Lender Choices for Their Clients


Eighty-four percent of real estate professionals have a select group of lenders to which they generally refer their clients

By Jeff Sorg, OnlineEd Blog

(Novreal estate continuing educationember 7, 2016) – Most real estate professionals refer clients to a select group of lenders and they choose those companies based on the ease of doing business with them, their reputations, an
d the strength of those relationships, according to a survey commissioned by Freddie Mac (OTCQB: FMCC).
Eighty-four percent of real estate professionals have a select group of lenders to which they generally refer their clients. Of these, 73 percent have 1-3 lenders in their network and 24 percent work with 4-6 lenders. More than three-quarters (76 percent) say their clients always or often use their recommended lender referrals. This figure climbs to 87 percent among those who sell more than 20 properties per year.

In advance of the National Association of REALTORS® annual conference taking place in Orlando, FL, Freddie Mac commissioned a survey of licensed U.S. real estate professionals about a variety of topics including the challenges of growing their business and their views on the role they play in the homebuying process.

More than 80 percent of real estate professionals said their clients trust their knowledge of the area, their ability to help them find a home and their ability to show them the right homes for their needs. Seventy-eight percent see themselves as an advisor capable of assisting clients with their navigation of the homebuying process.

At the same time, 35 percent said they feel challenged by clients’ lack of understanding of the homebuying process.

Only 38 percent of real estate professionals said their clients would find them to be a trusted advisor who could help refer them for housing counseling if they need or want more education on the process.

Real estate professionals are somewhat less confident when it comes to educating buyers on the mortgage process (50 percent) and down payment assistance program options (30 percent).

When asked to identify the challenges they were experiencing in their jobs, here were real estate professionals’ top 5 responses*:
Attracting potential buyers 55 percent
Attracting potential sellers 55 percent
Selling within the length of time planned 32 percent
Establishing the right listing price 28 percent
Helping potential buyers navigate the home buying process 25 percent
When asked to identify the challenges they were experiencing with potential homebuyers, here were their top 5 responses*:
Not enough homes available for buyers in their price range 55 percent
Clients having unrealistic expectations of what they can afford 52 percent
Clients not having enough money for a down payment 42 percent
Potential homebuyers not qualifying for a mortgage due to a poor credit history 38 percent
Clients’ lack of understanding of the home buying process 35 percent
*Responses do not add up to 100 because survey participants were allowed to select multiple responses.

“The survey reaffirms just how important real estate professionals are to families throughout the homebuying process,” said Jeffrey S. Markowitz, Freddie Mac’s Vice President of Government and Industry Relations. “We want to help them clear the path to the closing table by providing information that may allow them to provide even more options to their clients and grow their business.”

The Freddie Mac Real Estate Professionals Resource Center provides information to help individuals boost referrals, including customizable marketing templates, and educational materials about the homebuying process in English and Spanish. It offers descriptions of available mortgage products for a variety of client needs as well as an overview of down payment assistance programs by state. For those interested in expanding their businesses, the site also provides information on how to sell or list a foreclosed property.

For more information, conference attendees are invited to visit Freddie Mac at booth #1285 at the Orange County Convention Center.

GfK conducted an online survey on behalf of Freddie Mac Sept. 6-20, 2016, resulting in 502 online interviews completed by U.S. real estate professionals who were focused on the residential real estate market (or residential and commercial markets equally) and who were at least somewhat knowledgeable about the mortgage process. The survey results discussed above are based, in part, on conclusions reached by GfK through analysis of the consolidated responses.

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Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to the nation’s residential mortgage markets. Freddie Mac supports communities across the nation by providing mortgage capital to lenders. Today Freddie Mac is making home possible for approximately one in four home borrowers and is the largest source of financing for multifamily housing. Additional information is available at FreddieMac.com, Twitter @FreddieMac and Freddie Mac’s blog.

For more information about OnlineEd and their education for real estate brokers, principal brokers, property managers, and mortgage brokers, visit www.OnlineEd.com.

All information contained in this posting is deemed correct as of the date of publication, but is not guaranteed by the author and may have been obtained from third-party sources. Due to the fluid nature of the subject matter, regulations, requirements and laws, prices and all other information may or may not be correct in the future and should be verified if cited, shared or otherwise republished.

OnlineEd® is a registered Trademark

Brokers with Green Certifications are Likely to Sell More Homes

83% of Homeowners and Buyers Willing to Pay More for Healthier Homes

By Jeff Sorg, OnlineEd Blog

onlineed and earth advantage design 2a (2)

(July 13, 2016) – A recent SmartMarket Report by Dodge Data and Analytics in partner with the National Association of Home Builders reveals that 83% of home buyers and homeowners are willing to pay more for a healthier home.

In another report by McGraw-Hill  Construction, The Green Home Consumer, 82% of homeowners surveyed said that green home certification was an extremely or very effective incentive to buying a green home.

If you are an Oregon real estate broker without at least one green certification, we can help! Check out our Earth Advantage Broker Designation offering, with or without CE: https://www.onlineed.com/EarthAdvantageBroker

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For more information about OnlineEd and their education for real estate brokers, principal brokers, property managers, and mortgage brokers, visit www.OnlineEd.com.

All information contained in this posting is deemed correct as of the date of publication, but is not guaranteed by the author and may have been obtained from third-party sources. Due to the fluid nature of the subject matter, regulations, requirements and laws, prices and all other information may or may not be correct in the future and should be verified if cited, shared or otherwise republished.

OnlineEd® is a registered Trademark

OnlineEd Offers Earth Advantage Broker Accreditation for Oregon Real Estate Brokers

Earn the EA Broker Accreditation and get 8-hours of Oregon real estate Continuing Education!

By Jeff Sorg, OnlineEd Blog

canstockphoto16143226green home(April 20, 2016) – OnlineEd today announced that it was selected to offer the Earth Advantage Broker (formerly S.T.A.R.) accreditation course from their website, www.OnlineEd.com. Earth Advantage Broker provides real estate brokers, principal brokers, and property managers with a competitive edge in communicating the benefits of green and high-performance home features, one of the most important considerations for the millennial homebuyers and renters as well as other energy efficient market segments.

The Earth Advantage Broker accreditation course is for Oregon brokers and is made up of seven sections. Each section contains videos, follow-up activities, and five-question knowledge checks to help retain the topics presented in the videos. The course also provides a Course Reference Guide and additional Green Broker resources. At the end of the course, there is a 35-question final exam in multiple-choice format that requires a minimum passing score of 75%. Within one week of passing the final exam, Earth Advantage will issue an Earth Advantage Broker Designation Certificate, along with logos and materials for use to promote the benefits of this distinguished green designation. Students are allowed 90 days from the date they enroll to complete the course, after which the course must expire. The course also qualifies for 8 continuing education credits for Oregon real estate license renewal.

Earth Advantage Brokers possess the knowledge and ability to identify green features and recommend savvy upgrades to provide their clients with access to homes that provide a healthier living environment and greater energy, water, and resource efficiency. Earth Advantage also provides marketing support in the form of logos and an online profile on its registry of professionals to help Earth Advantage Brokers display and promote their green credential to consumers.

Learn more or sign up here.

The course also satisfies Energy Trust of Oregon’s Real Estate Ally prerequisite requirement and the National Association of REALTORS “Green 100” course requirement.

The seven sections of the designation course include:

  1. Section A: What is Sustainability;
  2. Section B: What is a Green Home;
  3. Section C: Green Homes at a Tipping Point;
  4. Section D: Indoor Air Quality, Green Building Materials, and Water Efficiency;
  5. Section E: Energy Efficiency and Green Building Techniques;
  6. Section F: Green Building Certification, Energy Auditing, and Energy Labeling; and
  7. Section G: Green Home Financing, Appraisal, and Marketing.

Specifically, this course will help the real estate professional to:

  • become a trusted advisor for clients by learning to communicate the benefits of different products and features and by distinguishing varying values and needs;
  • gain valuable resources and tips for upgrading that fixer-upper into a more efficient, comfortable, durable, and healthy home;
  • provide information on incentives, rebates, financing, and certifications; and
  • learn how to market the designation to help with business growth and gain more referrals.

Earth Advantage also provides marketing support in the form of logos and an online profile on its registry of professionals to help EA Brokers display and promote their green credential to consumers.
The Earth Advantage Broker course also satisfies:

  • 8-hours or Oregon real estate license continuing education
  • Energy Trust of Oregon’s Real Estate Ally prerequisite requirement
  • NAR’s Green Designation ‘Green 100’ course requirements

Get more information or sign up here!

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The names of Earth Advantage, Earth Advantage Broker and the registered logo(s), service mark(s) and trademark(s) of each may not be used in any advertising or publicity without the prior explicit written permission of Earth Advantage. Graduates of the Earth Advantage Broker program are granted use of the Earth Advantage Broker badges.

For more information about OnlineEd and their education for real estate brokers, principal brokers, property managers, and mortgage brokers, visit www.OnlineEd.com.

All information contained in this posting is deemed correct as of the date of publication, but is not guaranteed by the author and may have been obtained from third-party sources. Due to the fluid nature of the subject matter, regulations, requirements and laws, prices and all other information may or may not be correct in the future and should be verified if cited, shared or otherwise republished.

OnlineEd® is a registered trademark of OnlineEd, Inc.

OnlineEd Partners With OREF for 3-Hours of FREE CE – 2016 Sale Agreement Form

Free 3-hour Oregon real estate broker continuing education course explains the OREF 2016 Residential Real Estate Sale Agreement

(PORTLAND, Ore. ) January 4, 2016–  Oregon Real Estate Forms, LLC and OnlineEd® are proud to partner and present Oregon real estate brokers with 3 hours of free continuing education for an online course about the OREF 2016 Residential Real Estate Sale Agreement.

Oregon brokers can find the on-line enrollment link for this free course in the OnlineEd® Continuing Education Catalog by clicking the link “An In-Depth Review of the OREF 2016 Residential Sale Agreement” or by going here.

Jeff Sorg, School Director of OnlineEd®, stated, “We are pleased to provide this informative and educational on-line curriculum to brokers new to the industry, as well as brokers that would like a refresher course with proper utilization of the Residential Sale Agreement.”

Sorg further stated, “To view the three-hour course, Oregon brokers just need to enroll and place the course in their cart. There is no charge for the course and when it is completed brokers will earn a course completion certificate for three credit hours (3 CE units) to be used when they renew their license.”

Jeff Wiren of Re/Max Equity Group of Beaverton and the 2016 OREF, LLC Forms Committee Chairman, said, “Approximately, 20 years ago, there were three different real estate agreements being utilized across the state.  In the 17 years that OREF, LLC has been in existence, our company has worked diligently to create/update and utilize a single statewide uniform sale agreement for the benefit of all Oregon brokers and their clients.  The Oregon Forms Library has grown from a hand full of forms in the mid-1990’s to 56 + forms in 2016.  The Oregon Real Estate Forms Library electronic subscription is a culmination of years of development that includes risk management and clarity of terms for all parties in the real estate transaction.  OREF, LLC is pleased to provide this on-line curriculum of the Residential Sale Agreement for you, the broker, to provide greater understanding of the sale agreement clause by clause.  As you broker the transaction and serve your clients, your understanding of the # 001 Sale Agreement and the #001 MX –Matrix—clause by clause will guide you to crafting a quality transaction from beginning to end and helping your client in a well-executed document.”

2015 logo green leafOnlineEd®, Inc., based in Portland, Oregon, is an Oregon licensed Private Career School and Oregon Real Estate Agency Certified Continuing Education Course Provider No. 1038. Founded in 1998 by Harlow Spaan and Jeff Sorg, OnlineEd® offers pre-license training and continuing education for real estate brokers, real estate property managers, and mortgage brokers.  For more information, call (503) 670-9278 or (866) 519-9597 or visit their website: https://www.onlineed.com/

oref logoOREF, LLC provides the 56-form Oregon Real Estate Forms Library to Oregon broker and attorney subscribers.  The transactional and advisory forms within the annual electronic subscription and the MLS forms that the broker quarterly subscribes are the tools that Oregon brokers and attorneys utilize to create and transmit the Oregon real estate transaction.  OREF, LLC is owned by Portland Metropolitan Association of Realtors®, Eugene Association of Realtors® and the Oregon Association of Realtors®.   For more information on the annual electronic subscription to the Oregon Forms Library and association subscriber benefits, contact OREF, LLC at 503/459-0195 and/or log on to www.orefonline.com.

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This is a press release and may be reproduced without permission.

For Immediate Release:  January 4, 2016

The Top 4 Questions Asked About NMLS License Renewal Education

question mark guyOnlineEd® to credit bank NMLS course completions on the same or next business day of your course completion

By Jeff Sorg, OnlineEd Blog

(November 6, 2015) – At OnlineEd, the annual NMLS license renewal season is well underway! It’s a pretty easy task for a MLO to renew a license, but if you have any questions just let us know or visit the NMLS or OnlineEd websites. Here’s a few of the top question asked to NMLS and OnlineEd:

  1.  “Do I need to do CE?” –  MLOs need CE each year to renew a license. But, if you can’t remember if you’ve completed your annual CE, just hop on over to the NMLS website and check your Course Completion Record. The course completion record displays icons informing MLOs if a course is required. The green check mark means they are CE compliant; a yellow “yield” symbol means a course is required. Here’s a Quick PDF Guide published by NMLS on how to view the record.
  2. “Will this course comply with the NMLS Successive Year Rule?” –  MLOs can’t take the same course two years in a row. You won’t need to worry about this with OnlineEd because we publish a new course each year. Just head on over to the OnlineEd course catalog for this year’s offering.  If you’re using another provider, be sure to make sure the course approval is different from the course you completed last year. Remember, the rule is for a course, not a provider. MLOs are free to use the same provider year-after-year, provided their course is different from the year prior.
  3. “When will my course be credit banked with NMLS?” –  NMLS course provider rules require your course provider to credit banking (report your course completion) within 7 calendar days of the date you complete your course. At OnlineEd we do things a little bit different! We will actually credit bank course completions on the same or next business day from the date you complete your course, depending on the time of day completed. The sooner your course is credit banked by your provider, the sooner you’ll be able to renew your license.
  4. “Do I need State-Specific Education? – Many state agencies now have a state-specific CE requirement in addition to the NMLS requirement. The number of hours and any other unique requirements are detailed in the State-Specific Education Charts maintained on the NMLS website.  The OnlineEd mortgage course catalog is separated by state and courses that are intended to satisfy a state requirement have the two-letter state abbreviation in the course title.

The NMLS warns that CA-DBO, CO, NY and UT each have unique requirements. See the State-Charts for details.
Some states agencies might have early education or renewal deadlines. See the State-Specific Education Charts at NMLS for details or give our friendly staff a ring at 866.519.9597.

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For more information about OnlineEd and their education for real estate brokers, principal brokers, property managers, and mortgage brokers, visit www.OnlineEd.com.

 All information contained in this posting is deemed correct as of the date of publication, but is not guaranteed by the author and may have been obtained by third-party sources. Due to the fluid nature of the subject matter, regulations, requirements and laws, prices and all other information may or may not be correct in the future and should be verified if cited, shared or otherwise republished.

Study Shows Homeowners Overvalued their Homes for the Eighth-Straight Month in September

Appraiser opinions of home values in September were 2 percent lower than homeowner’s opinion

By Jeff Sorg, OnlineEd Blog

value priceDETROIT (October 13, 2015) – Quicken Loans, the nation’s second largest retail mortgage lender, today reported appraiser opinions of home values in September were 2 percent lower than homeowner’s views, according the company’s national Home Price Perception Index (HPPI). The gap between the two values narrowed in September compared to the previous month, although the findings marked the eighth consecutive month homeowner estimates outpaced appraiser opinions.

Average home values across the nation remained practically flat. Home values increased 0.05 percent in September, according to the national Quicken Loans Home Value Index (HVI). This makes up for the 0.05 percent loss in home values in August. Home values are still making steady annual increases, with 3.11 percent gain compared to September 2014.

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For more information about OnlineEd and their education for real estate brokers, principal brokers, property managers, and mortgage brokers, visit www.OnlineEd.com.

 All information contained in this posting is deemed correct as of the date of publication, but is not guaranteed by the author and may have been obtained by third-party sources. Due to the fluid nature of the subject matter, regulations, requirements and laws, prices and all other information may or may not be correct in the future and should be verified if cited, shared or otherwise republished.

OnlineEd Releases New 2015 NMLS Course for Dual Real Estate and Mortgage License Continuing Education

2015_8-Hour_NMLS_Approval_Image_150x158

OnlineEd is awarded dual California BRE and NMLS approval for its new 2015 NMLS continuing education course

(Jeff Sorg, OnlineEd)  – OnlineEd today received California Bureau of Real Estate (BRE) approval for its all-new-for-2015 NMLS approved continuing education course. This makes the course offering available for 8 hours or NMLS license renewal AND 8 hours of BRE real estate license renewal education in the topic of consumer protection.

The first courses module is a discussion on the new TILA/RESPA Integrated Disclosure rule (TRID) to be implemented October 3, 2015 (previously August 1, 2015). The second course module is an outline of federal fair housing laws that every mortgage loan originator must comply with, including prohibited practices and the rules for the extension of credit. Also included are fair housing violation case studies, along with the implemented punishment against the offender. The third module of this course is an overview of the Fannie Mae HomeStyle® Renovation home loan, which is similar to the FHA 203(k) renovation loan program, but has some noteworthy differences. The final course module is a review of mortgage advertising rules, incluting CFPB 19 MAP rules in Regulation N.

Please visit OnlineEd  for more information. For mortgage education only, please visit the OnlineEd mortgage catalog.

 

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For more information about OnlineEd and their education for real estate brokers, principal brokers, property managers, and mortgage brokers, visit www.OnlineEd.com.

  This article was published on June 24, 2015. All information contained in this posting is deemed correct and current as of this date, but is not guaranteed by the author and may have been obtained by third-party sources. Due to the fluid nature of the subject matter, regulations, requirements and laws, prices and all other information may or may not be correct in the future and should be verified if cited, shared or otherwise republished.

Salary Needed for a Median-Priced Home in 27 Metro Areas

salary bag(Jeff Sorg, OnlineEd) – In a recently released survey, HSH.com reports the various salaries needed to buy a home in 27 metro sites across the country. Here are some of the more interesting findings of the report:

  • A buyer needs to earn a salary of $47,253.07 to afford the median-priced home, Nationally. Yet if they put only 10 percent down instead of 20 percent, that salary increases to $54,341.84.
  • San Francisco remains singularly unaffordable for all but the highest earners. To afford the median-priced home in the San Francisco metro area you will have to earn an eye-popping $141,417 a year.
  • Los Angeles is more affordable than New York City, but only by $159.
  • Cleveland is the most affordable metro on our list.

Visit  HSN to view the complete report and to see how much salary you would need to earn in order to afford the principal, interest, taxes and insurance payments on a median-priced home in 27 metro areas.

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For more information about OnlineEd and their education for real estate brokers, principal brokers, property managers, and mortgage brokers, visit www.OnlineEd.com.

  This article was published on May 28, 2015. All information contained in this posting is deemed correct and current as of this date, but is not guaranteed by the author and may have been obtained by third-party sources. Due to the fluid nature of the subject matter, regulations, requirements and laws, prices and all other information may or may not be correct in the future and should be verified if cited, shared or otherwise republished.

Existing Home Sales Experience First Year-Over-Year Increase Since October 2013

(c) Can Stock Photo(Jeff Sorg, OnlineEd) – The National Association of REALTORS today is reporting that existing home sales rose in October for the second straight month and are now above year-over-year levels for the first time in a year.

Lawrence Yun, NAR Chief Economist, says the housing market this year has been a tale of two halves. “Sales activity in October reached its highest annual pace of the year as buyers continue to be encouraged by interest rates at lows not seen since last summer, improving levels of inventory and stabilizing price growth,” he said. “Furthermore, the job market has shown continued strength in the past six months. This bodes well for solid demand to close out the year and the likelihood of additional months of year-over-year sales increases.”

 

 

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For more information about OnlineEd and their education for real estate brokers, principal brokers, property managers, and mortgage brokers, visit www.OnlineEd.com.

This article was published on September 18, 2014. All information contained in this posting is deemed correct and current as of this date, but is not guaranteed by the author and may have been obtained by third-party sources. Due to the fluid nature of the subject matter, regulations, requirements and laws, prices and all other information may or may not be correct in the future and should be verified if cited, shared or otherwise republished.