Real Estate Salesperson and Brokers: All NYS licensees are required to successfully complete 22.5 hours of approved continuing education, including at least 3 hours of instruction pertaining to fair housing and/or discrimination, 1 hour of instruction pertaining to Law of Agency, two hours if it is your first licensing cycle. within the two-year period immediately preceding a renewal.
NEW LAW AS OF JULY 1, 2021:
A new law regarding continuing education for real estate salespersons and brokers was recently adopted. Below is a summary of the major changes.
Significant changes have taken place in the real estate market which has impacted how real estate is being transacted. Every real estate professional including the Real Estate Salesperson, Broker, Real Estate Appraiser, Mortgage Loan Originator and Home Inspector needs to know these present and future trends, being open to changing and adjusting to their market as well as giving them the tools to look beyond 2020 for additional signs of real estate trends.
Identifying the players in the real estate market is very important in any market, especially in Florida and other major cities in the Northeast including Pennsyvania, New York. Once you have that figured out, understanding and recognizing the right market indicators to avoid or to monetize is the next tool for your toolbox.
Many seasoned Real Estate professionals recognize this market, opportuity is everywhere, their are no-longer barriers or State lines that can stop your business from expanding with technology and newly...
The key objectives when staging a home for sale are to make the property look spacious and to emphasize the feel of flow from room to room. That’s what most homebuyers are looking for these days -- plenty of room to stretch out and make the space their own.
A good rule of thumb is to clear out at least 30 percent of your home’s contents before showing it to prospective buyers. That means getting rid of oversized furniture and making sure loose papers and personal items are thrown out or organized and carefully stored away. The more “stuff” buyers have to maneuver around, the more skeptical they’ll be when it comes to seeing your property as clean, well-organized and a likely candidate for purchase.
When reviewing a home, buyers often look for plenty of storage space in the basement, garage, crawl space and closets. If they see storage square footage taken up with personal items, they’re more likely to regard your home as inadequate...
As an agent, you know how crucial an appealing exterior is to leave a lasting impression on a potential buyer. The same idea can be applied to your business. Ignoring your business’s curb appeal, or how you present yourself and your services, can drastically affect the impression you leave on your clients. One of the most significant contributors to an attractive curb appeal for your business is the vehicle you drive. Read on to understand how the vehicle you drive can influence your success as a real estate agent.
Why is the vehicle you drive so important?
Taking all factors into account, the vehicle you drive is one of the most important. Why? As a real estate agent, your vehicle is essentially an extension of your office. Not only is it one of the first places you begin to build rapport with clients in, it’s also one of the areas where you have the most critical conversations in. In a review-centric culture, it’s important that agents deliver an exceptional...
Successful real estate professionals possess a crucial mix of qualities that seemingly have little to do with each other. What drives a salesperson (self-motivation, goal setting) and a marketing professional (creativity, a love of language and imagery) are often disparate; these talents often divide people into disparate professions, but a visionary real estate agent must possess all these skills and a passion for ethical business. If you are looking to boost sales and add an enigmatic member of your team, is there a way to assess a candidate’s probability of success by simply looking at a resume and asking the right questions at an interview?
You can tell a lot about a candidate by looking at the information provided in their CV. These days, a good CV should list one’s skills, experience, and achievements. Be vigilant of vague assertions of achievements and look for specifics. For instance, if a candidate states that they improved the sales figures...
For self-starters and hard workers, few businesses offer more of an opportunity for growth and success than real estate. If you’re already managing your own real estate business, that means you’ve already laid down a solid framework for success. Here are some management tips to increase your business’s presence, boost client activity, and generally stand out as superior in a crowded profession.
Devote real work time to a marketing strategy
Being associated with realtors, having your name on a database, and running a fairly popular social media account is not real marketing. You can’t think of marketing as something you do on the side of your “real work.” It is your real work. As the proprietor of your own real estate business, at least half the battle is standing out among the crowd. You can be the best real estate agent in the world, but if nobody knows who you are, it’s all for naught. If you ever have to tighten the budget, Realtor...
As a real estate expert and mentor, one of your key priorities will be protecting your client base. Despite the good work of real estate agents and public agencies across the country, mortgage fraud remains prevalent. According to researchers CoreLogic, the national mortgage application fraud index - a measure of how likely fraud is to occur - rose for a consecutive fifth time, up 16.9%.
The good news is that real estate professionals can do much to combat this trend. By combining ethical real estate practices, a full assessment of your client’s vulnerabilities and maintaining vigilance through continuous learning, you can act as a safeguard between your client and unscrupulous agents.
Prevalent forms of fraud and the damage caused
According to CoreLogic’s researchers, New York State has historically found itself on the positive end of the mortgage fraud scale. The most recently available aggregated statistics, from October 2017, show only 0-20% correlation...
What is a Real Estate appraiser assistant and where could it lead? Real estate appraiser assistants provide support to the individuals in their company assessing the values of property. Typical tasks performed by the appraiser assistant include entering data into their company's computer system, doing research on properties and sometimes helping manage relationships with clients. They also need to understand how to process and file reports and appraisals, as well as perform various clerical duties as required. The real estate appraiser assistant is in charge of keeping track of various data points such as workflow, contracts and statistics used by their company. Additionally, these assistants may be required to answer phones for their office.
The appraiser assistant usually works with a real estate appraiser or a team of appraisers, and they typically report to an office manager. These assistants generally work in an office setting; some travel may be possible depending on the...
We are all familiar with the idea of a real estate team. These groups of several or more agents provide efficient and coordinated real estate services to clients. Many teams hire personnel (licensed or unlicensed) that handle various phases of a transaction. Anything from marketing to showing. They also act as the transaction facilitator or the closing coordinator. One question surfaces about these teams. Are these team members independent contractors or employees under federal law? If considered employees, the brokerage and real estate team members can be personally liable for violations of federal minimum wage and overtime laws.
Wage and hour litigation in the real estate industry has exploded over the last five years. This exposes professionals to double damages and attorney’s fees for violations. In most instances, the litigation can be debilitating and result in the closure of the brokerage and financial ruin. Because teams oftentimes hire their own...
Social networking certainly is an example of technology. But what exactly is social networking and why is it important to understand in all business today?
A social network service focuses on building online communities of people who share interests, values, vision, and activities, or who are interested in exploring the interest and ideas of others. A social network allows individuals and organizations to exchange ideas and expand relationships and business opportunities.
When the internet was first widely available to consumers, it was primarily used to retrieve static information from content providers, allowing only passive viewing. Users could not easily publish their own content or interact with others. Over time, the Internet evolved to be more dynamic, active, and collaborative, becoming what was referred to in 1999 as Web 2.0
Even before that, however, the first social network site was germinating. In 1995, Classmates.com launched to give people a way to re-establish ties...