Tag Archives: real estate continuing education

Presenting Multiple Offers – Part 3 of 3 (video)

Presenting Multiple Offers, Part 3 of  3 parts

By Jeff Sorg, OnlineEd Blog

(January 11, 2018)

(PORTLAND-OR) Presenting multiple offers can get complicated and have unexpected results. Watch my three-part video, Presenting Multiple Offers.

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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

Presenting Multiple Offers – Part 2 of 3 (video)

Presenting Multiple Offers, Part 2 of  3 parts

By Jeff Sorg, OnlineEd Blog

(January 10, 2018)

(PORTLAND-OR) Presenting multiple offers can get complicated and have unexpected results. Watch my three-part video, Presenting Multiple Offers. This is the second of three videos in this series. Click here to view the first video.

Did you miss Part 1? Click here to view.

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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

Presenting Multiple Offers – Part 1 of 3 (video)

Presenting Multiple Offers, Part 1 of  3 parts

By Jeff Sorg, OnlineEd Blog

(January 9, 2018)

(PORTLAND-OR) Presenting multiple offers can get complicated and have unexpected results. Watch my three-part video, Presenting Multiple Offers.

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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

 

 

Financial Crimes Enforcement Targets Shell Companies Purchasing Luxury Properties

Geographic Targeting Orders expanded to include Honolulu, Hawaii 

OnlineEd Blog

(August 23, 2017)

canstockphoto5735968- luxury building(WASHINGTON, Aug. 22, 2017/FinCEN) The Financial Crimes Enforcement Network (FinCEN) today announced the issuance of revised Geographic Targeting Orders (GTOs) that require U.S. title insurance companies to identify the natural persons behind shell companies used to pay for high-end residential real estate in seven metropolitan areas.  Following the recent enactment of the Countering America’s Adversaries through Sanctions Act, FinCEN is revising the GTOs to capture a broader range of transactions and include transactions involving wire transfers.  FinCEN also expanded the GTOs to include transactions conducted in the City and County of Honolulu, Hawaii.

In addition, FinCEN today published an Advisory to provide financial institutions and the real estate industry with information on the money laundering risks associated with real estate transactions, including those involving luxury property purchased through shell companies, particularly when conducted without traditional financing.  Such transactions are vulnerable to abuse by criminals seeking to launder illegal proceeds and mask their identities.  The Advisory provides information on how to detect and report these transactions to FinCEN.

“Through this advisory and other outreach to the private sector, FinCEN, industry, and law enforcement will be better positioned to protect the real estate markets from serving as a vehicle to launder illicit proceeds,” said FinCEN Acting Director Jamal El-Hindi.  “FinCEN also thanks Congress for its modification of the Geographic Targeting Order authority, the first use of which will enable FinCEN to collect further information to combat the potential misuse of shell companies to purchase luxury real estate.”

In January 2016, FinCEN issued GTOs to require U.S. title insurance companies to report beneficial ownership information on legal entities, including shell companies, used to purchase certain luxury residential real estate in Manhattan and Miami—specifically, luxury residential property purchased by a shell company without a bank loan and made at least in part using a cashier’s check or similar instrument.  In July 2016 and February 2017, FinCEN reissued the original GTOs and extended coverage to all boroughs of New York City, two additional counties in the Miami metropolitan area, five counties in California (including Los Angeles, San Francisco, and San Diego), and the Texas county that includes San Antonio.

Within this narrow scope of real estate transactions covered by the GTOs, FinCEN data indicate that about 30 percent of reported transactions involve a beneficial owner or purchaser representative that was also the subject of a previous suspicious activity report.  This corroborates FinCEN’s concerns about this small segment of the market in which shell companies are used to buy luxury real estate in “all-cash” transactions.  In addition, feedback from law enforcement indicates that the reporting has advanced criminal investigations.  The expanded GTOs will further help law enforcement and inform FinCEN’s future efforts to assess and combat the money laundering risks associated with luxury residential real estate purchases.

FinCEN appreciates the continued assistance and cooperation of the title insurance companies and the American Land Title Association in protecting the real estate markets from abuse by illicit actors.

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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

Free Friday: 3-Hour Law and Rule Required Course for OR Real Estate Licensees

OnlineEd offers their 3-hour 2016-17 Law and Rule Required Course (LARRC) for free to Oregon real estate licensees

By Jeff Sorg, OnlineEd Blog

free friday (1)(January 15, 2016) –

https://player.vimeo.com/video/151964670

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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.

Free 3-hour Law & Rule Required Course (LARRC) for Oregon Real Estate License Renewal

OnlineEd SM Logo(OnlineEd – Portland, OR) – Try us for absolutely free! No strings or gimmicks:

Click here to sign up for a free 3-hour LARRC course

Oregon real estate licensees are required to take 30 hours of continuing education for Oregon real estate broker license renewal, including a 3 hour “Law and Rule Required Course” (LARRC). When it comes to quality, our courses speak for themselves, and with our 3-hour Law and Rule Required Course available for FREE, why wouldn’t you give us a look?

free larrc

So, why OnlineEd?

  • We’re local! OnlineEd is a NW company based in Portland, OR.
  • No timers, and no minimum exam score! Learn at your own pace.
  • Approved by the Oregon Real Estate Agency.
  • Its a free course that covers the 3 hour “Law and Rule Required Course” topic required by the state of Oregon.
  • Online, self-paced delivery method lets you take your courses when it works with your schedule.
  • Compatible with PC, Mac, and mobile devices.

New to OnlineEd? Try Before You Buy!

 Have a free course on us! If you like our style, join our free Club-O customer loyalty program to receive your personal Club-O code, good for 15% off select courses and 10% referral cash back rewards for sharing us with your friends and coworkers.

Want more OnlineEd? Browse Catalog  |  Real Estate Coaching Tips

Oregon Real Estate Continuing Education Guidelines

All real estate licensees must complete at least 30 hours of continuing education during the two-year licensing term. The 30 hours must include the three-hour Law and Rule Required Course (LARRC).

Broker licensees renewing for the first time must complete a 27-hour Broker Advanced Practices (BAP) course, plus LARRC, for a total of 30 hours. Property Manager licensees renewing for the first time are required to take a 27-hour Property Management Advanced Practices (PMAP) course, plus LARRC, for a total of 30 hours. Principal Broker licensees do not have a required first time license renewal course.

Real estate licensees renewing the second time onward can take LARRC and any combination of 27 hours of CE.

OnlineEd® is an Oregon Real Estate Agency Certified Continuing Education Course Provider. Our School Number is 1038.

 

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Free offer expires without further notice.

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 March 9, 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.

Home Ownership Remains Foundation of The American Dream

american dream button (Jeff Sorg, OnlineEd) –  According to the latest COUNTRY Financial Security Index® survey, 89 percent of Americans feel that buying a home is an important part of achieving the American Dream and remains a highly desirable goal. Sixty-four percent believe owning a home is an attainable goal for the typical middle-income family, which is an increase from 2013 when just 41 percent saw home ownership as an attainable goal.

Those not owning a home cite financial limitations as their biggest barriers. Fourteen percent say low credit score is their primary obstacle; 13 percent say it’s a lack of down payment; and 12 percent say the price of homes is their primary problem.

Most homeowners still view their home as stability for their financial future, with 78% listing their home as their most important or somewhat most important asset when it comes to retirement.

The report, however, does expose a generational divide. Those ages 30-39 and 50-65 are more likely to say owning a home is not an attainable goal for a middle-income family.

“While nearly everyone pictures a home as the American Dream, reality often looks different,” said Joe Buhrmann, manager of financial security support ah COUNTRY Financial. “Younger Americans are more likely to reject the idea of home ownership. Yet, the financial challenges of buying a home can affect those of any age. If home ownership is your future, it’s vital to begin planning and saving as soon as possible.”

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  This article was published on September 17, 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.

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

Current Issues in Washington

FREE Oregon Law and Rule Required Course (“LARRC”)

Free LARRC

Free LARRC

(Jeff Sorg, OnlineEd – Portland, OR) OnlineEd® is offering its Oregon Law and Rule Required Course (“LARRC”) for free! Released on January 1, 2014, the Oregon Real Estate Agency requires all Oregon Real Estate Licensees to complete this course as part of their continuing education for license renewal.   The course is found for FREE in the Oregon Real Estate Continuing Education Catalog at www.OnlineEd.com or by clicking here.  Sign up today, get started today!

OnlineEd is an Oregon owned and operated Oregon Department of Education licensed vocational school and Oregon Real Estate Agency Certified Continuing Education Provider No. 1038.

 

 

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 For more information about OnlineEd and their Oregon pre-license and continuing education courses for real estate licensees, please visit www.OnlineEd.com or telephone Chris Culbertson at 503.670.9278.OnlineEd is  Oregon owned and operated Oregon Real Estate Agency Certified Continuing Education Provider No. 1038.

This article was published on January 20, 2014. All information contained in this posting is deemed correct and current as of this date, but is not guaranteed by the author. Due to the fluid nature of the subject matter, regulations, requirements, 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.

Nevada Increases Continuing Education Hours for Real Estate Licensees

(OnlineEd) – On July 1, 2011 Nevada increased their licensing period for real estate licenses from 2 years to 4 years. As a result of this increase, the Nevada Real Estate Commission is now requiring 48 hours of continuing education for real estate license renewal. Prior to the doubling of the licensing period, Nevada required just 24 hours of continuing education.

Here’s how the new rules will affect licensees:

If you renewed your license on or before June 30, 2011, you have a two-year license. A two-year license requires only 24 hours of continuing education, including 3 hours each of Law, Agency, Contracts, and Ethics. When you renew your license, you will receive your first 4-year license.

If you renewed your license on or after July 1, 2011, you were issued a four-year license. A four-year license requires 48 hours of continuing education for license renewal. Of the 48 hours, 24 hours has to be during the first two years of your license, including 3 hours each of Law, Agency, Contracts, and Ethics. During the second 2 years of your license you are required to complete another 24 hours of continuing education, including 3 hours each of Law, Agency, Contracts, and Ethics. In addition, at least 50% of the hours are required to be in live lecture format. If you fail to meet the education requirements for any 2 year period, your real estate license is subject to immediate revocation and you can be fined up to $100.

If you are a new licensee and receive your license on or after July 1, 2011 you have to complete the 30-hour pre-licensing course, and complete an additional 12 hours of education, including 3 hours each of Law, Agency, Contracts, and Ethics in a live format.  An exception to this live-lecture requirement is if you live in a remote area you can apply to the Nevada Real Estate Division to take some or all of the second year courses through an interactive teleconference medium, which requires interaction with an instructor.

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For more about OnlineEd® or to visit their Nevada real estate education catalog, please visit www.OnlineEd.com.
OnlineEd® offers Nevada Real Estate Division approved continuing education and pre-licensing courses.

FREE Continuing Education Course From OnlineEd For Oregon Real Estate Brokers

Free LARRC

(OnlineEd – Portland, OR) OnlineEd® is offering the newly required Law and Rule Required Course (“LARRC”) for free! As of January 1, 2011, the Oregon Real Estate Agency requires all Oregon Real Estate Brokers to complete an approved Law and Rule Required Course as part of their continuing education for license renewal requirement.  Licensees who are renewing on or after January 1, 2011 are required to take the 3-hour course, which focuses on law updates for the year. This course can be found for FREE in the OnlineEd® Oregon Real Estate catalog.

If you haven’t tried OnlineEd® or any other online education provider, this is a good opportunity to do so for free! To enroll, just head on over to www.OnlineEd.com, click on Real Estate, Oregon, and then add the course to your cart and complete your enrollment, or just click here and follow the insturctions.  Sign up today, get started today!

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OnlineEd® is an Oregon Real Estate Agency approved provider under school number 1038

For more information about OnlineEd, visit their Web site at www.OnlineEd.com