Tag Archives: continuing

4 Oregon Real Estate Education Changes For 2013

(OnlineEd – Portland, OR) -Effective January 1, 2013 the Oregon Real Estate Agency implemented the following changes to real estate broker pre-licensing education, principal broker licensing education, property manager education, and real estate broker advanced practices education:

  1. Real Estate Broker Pre-License: Pre-license qualifying education courses taken after January 1, 2013 must have received a new approval from the Oregon Real Estate Agency. The OnlineEd® Oregon Real Estate Broker Pre-License Course is already compliant with these new rules and approved by the Oregon Real Estate Agency and the Association of Real Estate License Law Officials (ARELLO) to meet the 2013 requirements. Pre-license qualifying education is available from the OnlineEd® pre-license course catalog. Other changes recently implemented require the license candidate to make license application and pay the application fee in advance of being able to schedule a state licensing examination. The exam proctor is also responsible for fingerprinting and background check applications, which are completed during the applicant’s examination appointment. All fees paid to the exam proctor and OREA are nonrefundable.
  2. Property Manager Advanced Practices: All property managers must take the 27-hour Property Manager Advanced Practices course prior to the first active renewal of their license.  The OnlineEd® Property Manager Advanced Practices course is already compliant with the 2013 rule and approved by the Oregon Real Estate Agency. The course is found in our continuing education catalog.
  3. Real Estate Broker Advanced Practices: All real estate brokers must take the 27-hour Broker Advanced Practices course prior to the first active renewal of their license. The OnlineEd® Broker Advanced Practices course is compliant with the 2013 rule and approved by the Oregon Real Estate Agency. Broker Advanced Practices is found in our continuing education catalog. Law and Rule Required Course (“LARRC”) cannot be included in either Advance Practices course. Because licensees need 30 hours of approved education to renew, a LARRC course is still required. OnlineEd® offers LARRC free with both of the Advanced Practices courses.
  4. Principal Broker Qualifying Education, Brokerage Administration and Sales Supervision: Brokers who want to become a Principal Broker must complete a 40-hour Oregon Real Estate Agency approved Brokerage Administration and Sales Supervision course. As of January 1, 2013, this course was greatly expanded and more difficult than its predecessor. There is also a new and longer licensing exam for principal broker licensing.  The OnlineEd® Brokerage Administration and Sales Supervision (BASS) course is compliant with the January 1, 2013 requirements and approved by the Oregon Real Estate Agency. To assist in passing the licensing exam, the course comes with an exam prep module. Brokerage Administration and Sales Supervision is available in our continuing education catalog.

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 OnlineEd® is Oregon Real Estate Agency approved continuing education provider number 1038.  OnlineEd® is an Oregon licensed vocational school offering real estate, mortgage, contractor and insurance courses. OnlinEd is also the developer of InlineEd, a Compliance Management System solution for the mortgage industry.

For more information about OnlineEd®, please visit www.OnlineEd.com.

 

 

Continuing Education Reminder Sent to MLOs Who Have Not Yet Completed

(Official NMLS Newsletter) – This is a reminder that the SAFE Act requires individual mortgage loan originators (MLOs) to complete 8 hours of NMLS approved continuing education (CE) annually. In addition to meeting the minimum federal requirements, a number of states also have state-specific education requirements that must be met. For details see State CE Requirement Chart.

A majority of state regulators will prevent an MLO from submitting an application for licensure renewal if they have not completed CE. Since it may take as long as 7 days for a course provider to report a course completion into NMLS, MLOs are strongly advised not to wait until a state agency’s deadline to try to complete CE or they may be prevented from submitting for renewal on time.

CE Deadlines

It takes 24 hours for a course completion to be recognized in NMLS and for the system to recognize you are eligible for renewal.

Smart Deadline:  Course(s) reported to NMLS by Thurs, Dec 21
At Risk to Miss Renewal: Course(s) reported to NMLS by Fri, Dec 28
Guaranteed to Miss Renewal: Course(s) reported to NMLS Mon, Dec 31

The last day for technical or customer service support for on-time CE reporting is Friday, December 28.

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Where to Get CE

NMLS education is available from www.OnlineEd.com. OnlineEd is NMLS provider number 1400327.

It’s Time For Mortgage Loan Originators to Start Their Annual NMLS Continuing Education

(OnlineEd) – Every state-licensed mortgage loan originator (“MLO”) in any approved status is to complete at least 8 hours of NMLS approved license renewal education as part of their license renewal requirements.  This annual continuing education must include 3 hours of Federal law, 2 hours of ethics, which includes fraud, consumer protection, and fair lending issues, and 2 hours of non-traditional mortgage lending, plus one additional hour of elective courses. In addition to the 8-hours of education, some  states have an additional state-specific course requirement. To find out the requirements for each state, please visit the NMLS State-Specific Education Requirements (July 9, 2012).

Because of a successive years rule, MLOs are not to take the same CE course two years in a row, but can take from the same provider two or more years in a row.  The provider’s NMLS ID number for the course indicates whether a course is a duplicate course. If a course has a NMLS ID number different from the course completed in the prior year, the course is not the same as the year prior and it will satisfy the requirements of the NMLS. At OnlineEd® (www.OnlineEd.com), the NMLS approved education course package is brand new and can be used by the thousands of licensees who used their courses last year.

The annual deadline to complete license renewal continuing education is December 31, 2012. However, NMLS gives course providers seven days to report a course completion into NMLS. Because of this seven days to report rule, MLO’s should not wait until the last minute to  complete CE or they may be prevented from submitting for renewal on time. The renewal is submitted when the provider uploads the licensee’s completion to the NMLS, not the actual date the course is completed by the licensee.  The team at OnlineEd® is usually able to upload NMLS course completions not later than the next business day from the licensees completion of their courses and, in most cases, they will even upload the same business day. Because the NMLS does not process course completions on weekends or holidays, the final date providers can upload completions this year is Friday, December 28th. MLOs are encouraged to complete all their educational requirements not later than December 21st.

To learn more about the OnlineEd® NMLS approved courses, please visit their web site.

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 OnlineEd® is NMLS approved under provider number 1400327.

OnlineEd® is a licensed vocational school offering real estate broker, mortgage broker, and insurance licensing courses.

For more information about OnlineEd®, please visit www.OnlineEd.com or contact Paul Cleary at 866.519.9597

30,000 Mortgage Loan Originators Still Need to Complete Their CE

OnlineEd

(OnlineEd – Portland, OR) Over 30,000 mortgage loan originators must still meet their CE requirement before the national deadline, which is December 31. A few states have earlier deadlines, however. Georgia MLOs, for example, must complete their education requirements before October 31.

CE for mortgage brokers is relatively simple to complete. Approved providers can deliver their approved courses either online or by live lecture.  The NMLS approves providers and qualifying courses. It is important to look for the required course approval number when searching for courses and providers. The NMLS requires posting of provider and course approval numbers when the advertiser uses the NMLS logo in advertising.

The 8-hour approved NMLS course is to include 3 hours of federal laws and regulations, 2 hours of ethics, 2 hours of non-traditional loans (loans other than 30-year mortgage loans), and a 1 hour elective course. To find out if your state has a requirement for additional hours beyond the NMLS requirement, check our list of state-specific deadlines or visit the NMLS Website.

To understand all that is involved with the license renewal process and to get renewed on time with the least amount of trouble, applicants should be sure to watch this helpful video.

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The OnlineEd 8-hour NMLS approved continuing education course in our catalog for just $49.95 + $12 NMLS Banking Fee.
 OnlineEd® is  is NMLS Approved Provider No. 1400327.
For more information about OnlineEd® or to enroll in our courses, please visit www.OnlineEd.com and click on your state.

State-Specific Mortgage Continuing Education Deadlines

OnlineEd

Most states abide by the NMLS standard continuing education deadline, which is December 31st, however OnlineEd® encourages MLOs to take note that there a number of states that have an earlier annual CE deadline.  Early state CE deadlines include:

Georgia: October 31
District of Columbia: November 1
Kentucky: November 30
West Virginia: November 30
Delaware: December 1
Iowa: December 1
Kansas: December 1
Puerto Rico: December 1
Vermont: December 1
Idaho: December 15
Washington: December 15

Mortgage Loan Originators Can Win FREE Continuing Education

OnlineEd

Yes, you read that title right! OnlineEd® is offering one FREE 8 Hour SAFE Comprehensive Continuing Education Course every single week until December! All you have to do is head over to our facebook page, click like, and fill out the entry form. We pick a new winner every Friday at 3PM (PST). One entry per week only please. Multiple entries during the same wake will be disqualified.

Each winner will receive the complete 8-hour online course ($125 Value) which has been approved by the NMLS for continuing education credit for 2011.

Winners will be notified on Friday after the drawing.

 

NMLS Provider ID: 1400327
NMLS Course ID: 1888

Get Your NMLS Required Continuing Ed Online and Save 25%

Oregon

Oregon

(OnlineEd® – 08/31/11) Oregon Mortgage Loan Originators can get their full continuing education renewal package online with OnlineEd®. The 8-hour national requirement, plus the 2-hour Oregon requirement are combined for Oregon originators in one cost effective package. The price is just $96.75, which is 25% off catalog pricing. This special price is valid only during OnlineEd’s®  Dog Days of Summer promotion ending on September 22nd. There is a $1.50 per credit hour credit banking fee required by the NMLS that will be added to the cost at checkout. The good news is that you have access to the course until the end of the year, so you can purchase now to lock in the great price, and then complete the course anytime before December 31!

Below you will find a link to the 10-hour complete course package, as well as the individual courses if you have already satisfied the national requirement. If you have any questions about the course offerings or if you need help enrolling, please contact Paul, the author of this post by email paul@onlineed.com or telephone 503-670-9278.

10 Hour Complete Oregon SAFE Continuing Education Package – $96.75

This course satisfies all 10 hours of required continuing education for mortgage loan originators in Oregon. It includes the “8 Hour SAFE Comprehensive Continuing Education Course” and the “2 Hour SAFE Continuing Education: FHA Essentials” course. These courses are approved by the NMLS. A valid NMLS ID number is required to receive credit. CLICK HERE FOR MORE INFO.

2 Hour SAFE Continuing Education: FHA Essentials – $39

In this course we will review the basics of the Federal Housing Administration (FHA) Mortgage Insurance Program. The goal of this course is to provide an overview of the FHA loan program, its underwriting standards, credit, collateral, and documentation requirements. This course is approved by the NMLS. A valid NMLS ID number is required to receive credit for this course. This course has been approved for the state of Oregon. Other states may have additional requirements beyond what this course provides. Be sure to check with your state to see if this course meets your needs. CLICK HERE FOR MORE INFO.

How to Renew Your California Real Estate License

(OnlineEd®) – 2011 brought enormous change and much confusion in the California Department of Real Estate’s education requirements. Stricter time-monitoring, and a limit on final exam attempts are the two most most important,  but over-looked rules required by ALL continuing education providers as of January 1, 2011. OnlineEd® has created this guide to help you understand which courses you need to complete to renew your license, and what you need to be aware of when completing your online education. If you are still unsure about what is required after reading this guide, please feel free to email us or give us a call toll free at (866) 519-9597.

Which courses do I need?

For Salespersons

  • First time renewal:
    Ed-Pak 45-15 (includes: the minimum required 18 hours in the topics of Agency, Ethics, Trust Funds and Fair Housing, and Risk Management along with 28 hours in Consumer Protection)
  • Subsequent renewal:
    Ed-Pak 45-15 (includes: the minimum required 18 hours in the topics of Agency, Ethics, Trust Funds and Fair Housing, and Risk Management along with 28 hours in Consumer Protection)
    OR
    Ed-Pak 45-9 (includes: the required Eight Hour Survey course (which includes topics in Fair Housing, Trust Funds, Ethics, and Agency) along with the required Risk Management course and 33 hours in Consumer Protection)

For Brokers

  • First time renewal:
    Ed-Pak 45-15 (includes: the minimum required 18 hours in the topics of Agency, Ethics, Trust Funds and Fair Housing, and Risk Management along with 28 hours in Consumer Protection)
  • Subsequent renewal:
    Ed-Pak 45-15 (includes: the minimum required 18 hours in the topics of Agency, Ethics, Trust Funds and Fair Housing, and Risk Management along with 28 hours in Consumer Protection)
    OR
    Ed-Pak 45-9 (includes: the required Eight Hour Survey course (which includes topics in Fair Housing, Trust Funds, Ethics, and Agency) along with the required Risk Management course and 33 hours in Consumer Protection)

How do theses changes affect licensees?

  • If the licensee does not pass the final exam in two attempts the course must be marked as failed, the course is over, and the licensee will not receive credit for that course.  If the licensee wants to obtain course credit, the licensee must enroll in the course and retake it from the beginning. *Please note that OnlineEd does NOT charge for retakes.
  • All courses are to be timed. The licensee must actively participate in reading, studying, and completing the exercises in this course before being given access to the final exam. The licensee’s time while logged into the course and engaged in course activities must be timed by the course provider.
  • The licensee may not complete more than 8 hours of course study per day and no more than 15 credit hours of final exams in any rolling 24-hour period. The licensee must also wait 24 hours from enrollment before being given access to the first course final exam.

Other Important Information

  • These changes are required by the DRE of all online continuing education providers. If you are enrolled in courses that do not meet these guidelines the DRE will not accept your license renewal.
  • OnlineEd® courses are completed entirely online. Materials do not need to be printed and nothing is completed offline.
  • OnlineEd® courses are mastery-based. This means that the licensee will master the current course lesson before moving on to the next.
  • Completion credit will be issued immediately after the licensee has completed the entire course and passed all exams with the minimum passing score. There isn’t any waiting to receive your certificate.
  • OnlineEd® courses are available 24/7. The licensee can can quit or resume progress of a course at any time.  The OnlineEd® system automatically registers activity so the licensee is not required to keep time records.
  • The licensee can go back and view content previously completed and may also retake quizzes for practice.
  • Licensees are not required to have or download any software.

*Update 01/19/2011*

All continuing education providers must meet these DRE requirements for education to be valid. You may view the requirements HERE .

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OnlineEd® is a California DRE approved course provider and has met the January 1, 2011 course delivery requirements. To learn more about OnlineEd or see their real estate license continuing education catalog please visit www.OnlineEd.com or contact us by telephone at 866.519.9597

DRE Provider # 4056