Ready to Renew Your Utah Real Estate License?

How do I renew my Utah real estate license?

Licenses are required to complete 18 hours of Continuing education every 2 years in order to renew their license. Those that are newly licensed must complete a 12 hour “New Agent” core course.  Every renewal thereafter, real estate agents and brokers must complete 9 hours of Core courses and 9 hours of Elective courses.

What continuing education do I need to renew my Utah real estate license?

Utah salespersons and brokers are required to complete 18 hours of continuing education. Real Estate Training Institute offers a complete 18-hour renewal package, as well as, a 9 hour core package, a 9 hour elective package and individual courses.

Where do I renew my Utah real estate broker or salesperson license?

Renew your license online by logging into the Utah License Management System.

How much does it cost to renew my Utah real estate license?

Broker: $66
Sales Agent: $60

Do I need continuing education if my Utah real estate license is inactive?

CE is NOT required if renewing as inactive, as long as the license is renewed on time.

Who do I contact about my Utah real estate license?

Utah Division of Real Estate
PO Box 146711
Salt Lake City, UT 84114-6711
Phone: (801) 530-6747
E-Mail Address: realestate@utah.gov
Fax: (801) 530-6749


ONLINE STATE-APPROVED REAL ESTATE CONTINUING EDUCATION

UTAH SALESPERSON RENEWAL PACKAGE
18 Credit Hours

$115

Predicting the Real Estate Market in 2019

2018 was a fickle year in Real Estate. The year started with sky-high home prices, historically low mortgage rates and a definitive upper hand for sellers. In recent months though, home price growth has wavered, rates have risen to their highest point in nearly eight years, and favor has started to shift from seller to buyer. 2019 predictions are showing that we are moving from an incredibly hot real estate market to a more normalized one. Housing inventory looks to rise back up to 2017 levels, and price growth, while likely still positive, will be the lowest we’ve seen since 2014 or possibly even 2011.

Investors and house-flippers will back away from the cooling market and sellers will have to adjust their price expectations as buyers grapple with rising mortgage rates and already-high home prices. A still-growing economy and increased access to credit will support more home buyer demand, but higher interest rates will make home-buying more expensive, so it’s hard to say whether home sales will stay down or rebound next year.

In 2019, homebuyers will enjoy more inventory and less competition from speculators and house-flippers, which will lead to more people enjoying the benefits of homeownership. It will cost more to borrow, but more people will have access to credit for home-buying. This will motivate lenders to expand their customer base to low-income borrowers and first-time homebuyers. But of course, lenders will charge more for these loans–both to cover the risk of lending to borrowers with less-than-perfect credit and to cover their own costs of borrowing.

Homebuilders will be more cautious about building during a cooling market and focus on building starter homes that are easier to sell than luxury homes. Fewer homes will be built, but more builders will focus on starter homes. Higher labor costs will limit the number of homes built, but, higher wages will increase the demand for starter-homes among working-class Americans. Rates (perhaps three times) in 2019 will increase and push the average 30-year fixed mortgage rate up to about 5.5 percent by the end of the new year.

All in all, housing is set for a slow-down next year, but that’s not necessarily a bad thing.

The medium and long-term prospects for housing are good because demographics are going to continue to support demand. With a slower price appreciation, incomes have an opportunity to catch up. With slower sales, inventory has an opportunity to normalize. A slowdown in 2019 creates a healthier housing market going forward.

https://www.redfin.com/blog/2018/12/redfins-2019-housing-market-predictions.html


ONLINE STATE-APPROVED REAL ESTATE CONTINUING EDUCATION

Artificial Intelligence Opportunities in Real Estate

Real Estate, along with every other industry, has advanced from using Artificial Intelligence to improve and support healthier lifestyles for people. In commercial real estate, health-focused principles are more than just trends. They are the beginning of the industry’s promising future. From 2008 to 2017, the number of tech-oriented real estate startups have exploded from a mere 176 to over 1,200 companies. The areas in Real Estate that can really use artificial intelligence to offer healthy solutions are safety, data-driven comfort, and sustainability.

Artificial intelligence in the safety sector of commercial real estate has made a big impact. It provides, for example, better security for those that occupy these spaces. AI and machine learning use anything from voice commands to facial recognition to improve accessibility, security, and infrastructure stability after construction. Eventually, developers will be implementing robots to assist with inspection and repairing damage without utilizing human workers, making it safer for everyone.

Real Estate companies have realized the usefulness of AI data and sensor technology to provide higher comfort and more efficient spaces for consumers. Buildings can become personalized for monitoring, home safety and even senior care. For example, motion sensors can track the tenant’s daily movements so it can then adjust door locks, faucets, electronic devices and monitor optimal temperatures for each tenant. Even though these are simple solutions consumers will enjoy focusing on bigger things while your home adjusts to your comfort.

In Manhattan AI has been implemented in commercial structures already, one such project is the Empire State Building. It currently collects data to identify the buildings energy efficiency so adjustments can be made to keep this historical monument standing and useful for as long as possible. It’s not just HVAC systems and lighting controls that AI can help with. It can also identify roof and insulation issues during construction and water usage patterns which can then be used to identify the best materials to use during construction to offer energy efficient resolutions.

In time, Artificial Intelligence can provide the Real Estate market even more opportunities to make a sale by offering a safe haven with technology both inside and outside of the home.


ONLINE STATE-APPROVED REAL ESTATE CONTINUING EDUCATION

Tick Tock: Nebraska Real Estate Agents & Brokers License Renewal

Nebraska Realtors and Brokers with a license beginning with an even number are required to complete 18 hours of continuing education which must include 12 hours of designated subject matter.  The deadline is November 30th, 2018. Real Estate Training Institute has everything you need to meet Nebraska's continuing education requirements.

We provide: Nebraska approved continuing education that meets all of your requirements.

You can complete your continuing education anywhere, anytime with a smartphone, tablet or computer that is connected to the internet. These courses also allow you to print a certificate immediately upon completion.

License renewal costs:

Salesperson Renewal Fee (2 years) - $230
Broker Renewal Fee (2 Year) - $290

We've taken the liberty of answering a few of your questions below.

How much real estate continuing education is required?

Nebraska licensees are required to complete 18 hours of continuing education each two-year cycle. Of that 18 hours, 12 hours must be in designated subject areas. Courses that are approved for designated subject areas contain an “R” in the approval number.

If I am unable to complete my Nebraska real estate continuing education by the expiration date, can I still renew?

Yes, licensees may renew their license after the expiration date. Continuing education must be completed before a license may be renewed. There is a late fee of $25 per month that the license is expired. Licensees must renew their license prior to June 30 or they will be required to re-take and pass the exam. Continuing education requirements must be met before the licensee will be approved by the NREC to take the exam.

How Do I Renew My Nebraska Real Estate License?

You can complete your renewal form by following the link listed here: Submit Renewal Form Online

 


ONLINE STATE-APPROVED REAL ESTATE CONTINUING EDUCATION