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May 2020
May 2020

Wed. 20 May, 2020

Navigating the Transaction Minefield (Wed. 20 May, 2020 8:00 am - 12:00 pm)

REALTORS® are required to complete ethics training of not less than 2 hours, 30 minutes of instructional time within a three-year cycle. The training must meet specific learning objectives and criteria established by the NATIONAL ASSOCIATION of REALTORS®. This course fulfills that requirement and it explains the areas where NC Law and NCREC Rules differ from the Code of Ethics. When do you obey each? This course answers that question and teaches REALTORS® how to properly apply the Code of Ethics to their practices.

Instructor: Patrice Willetts

The current three-year cycle begans on January 1, 2019, and will end Dec. 31, 2021.

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General Update (Wed. 20 May, 2020 1:00 pm - 5:00 pm)

The 2019-2020 General Update (GenUp) course presents information regarding:

(1) The Competence of Licensees and the broker’s duty to provide clients with skill, care, and diligence;
(2) Material Facts the categories of material facts, how to determine if a material fact exists, and the duties of both the listing and buyer’s agents;
(3) Property Inspections what they are and the broker’s responsibilities related to inspections;
(4) Wire Fraud common fraudulent activity in the real estate industry, and best practices for brokers to help protect themselves and their clients from fraudulent activities;
(5) Law and Rule Updates descriptions of updates to Commission rules that became effective July 1, 2019, and that will become effective July 1, 2020; and
(6) Licensing and Education review of various license categories and statuses, and how to attain and maintain them.

 

PLEASE NOTE: BIC's and BIC-eligible brokers will take the new BIC Update and a 4-hour elective and will NOT take the GENERAL UPDATE

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Thu. 28 May, 2020

BIC Update (Thu. 28 May, 2020 8:00 am - 12:00 pm)

The 2019-2020 Broker-in-Charge Update (BICUP) course presents information regarding:

(1) The Competence of Licensees and the broker's duty to provide clients with skill, care, and diligence;
(2) Material Facts: the categories of material facts, how to determine if a material fact exists, and the duties of both the listing and buyer's agents;
(3) Property Inspections:  what they are and the broker's responsibilities related to inspections;
(4) Wire Fraud:  common fraudulent activity in the real estate industry, and best practices for brokers to help protect themselves and their clients from fraudulent activities;
(5) Law and Rule Updates:  descriptions of updates to Commission rules that became effective July 1, 2019, and that will become effective July 1, 2020;
(6) Licensing and Education: a review of various license categories and statuses, and how to attain and maintain them.
(7) BIC's Duty of Supervision as it relates to the WWREA brochure; and
(8) Record Retention:  the responsibilities of brokers and the BIC related to record retention including the types of documents to be kept and the length of time records must be retained.

 


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CE Elective: "And The Commission Says..." (Thu. 28 May, 2020 1:00 pm - 5:00 pm)

CE Elective: "And The Commission Says..." #2770

This is a four-hour real estate elective course designed to address some of the most commonly asked questions by real estate licensees as published by the North Carolina Real Estate Commission in their publication entitled Real Estate Bulletin. Work in groups to study topics including material facts, brokerage compensation issues, contract issues, trust account issues and property management issues. If you have been looking to ask questions beginning with "What If?" then this class is for you.

 

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