Colder Temperatures Cool Down the Colorado Real Estate Market

Over the past year or so, the media has deceivingly discussed the decline in the real estate market across the U.S. Will there be another 2008? Is another recession around the corner? While these words may instill some fear, that’s where the tall tale ends. Real estate projections in most of the nation all show steady continual opportunities. Most states, Colorado included, are seeing continued above average home sales for this chilly time of year.

After a 6 year long hot real estate market, it is to be expected that the market will cool down. The residential and commercial markets in general remain strong and agents are just now seeing properties remain on the market for longer. Coloradans have seen inventory increases and that’s resulted in increased price reductions and concessions. To put it simply, sellers can’t be as aggressive in their pricing strategy because the market is going from one (sometimes even less) homes per buyer to three or four. This increase gives buyers more options to choose from and less competition when putting in offers. After a heavy multiple offer scenario market, a cool down is a good thing.

Today, nine out of ten home buyers require financing to purchase property. Fortunately, interest rates are lower than this time last year. This dip in interest rates means that buyers shouldn’t just look at the sales price, but also factor in the cost of the loan. Buyers purchasing homes under $500,000 have some big advantages this time of year. Typically, November through February is a great time for buyers to purchase a home and more people should take advantage. Moving expenses are far lower and the power of negotiation and available choices have multiplied.

For agents, buyers and sellers, winter isn’t the easiest time for home showings because of the weather. For agents, this is a great occasion to spend time with family for the holidays and to complete your required continuing education.

This time of year can be stressful enough, completing your continuing education doesn’t have to be! With Real Estate Training Institute, you can stay in and use any internet enabled device to complete your courses.


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Alaska Real Estate: It’s Time to Renew!

Top 5 Things to Know Before Renewing:

  1. All Real Estate Licenses expire on January 31 of even-numbered years regardless of when first issued (except new licenses issued within 90 days of the expiration date will be issued to the next biennium).
  2. Licensees who receive their original license within 12 months of the expiration date pay the full license fee and then at their first renewal pay a prorated renewal fee (half of the current license fee).
  3. You must renew your license on or before the expiration date to continue to practice in Alaska. There is no grace period to practice on a lapsed license.
  4. Renewal forms will be mailed at least 60 days before the expiration date to the last address you provided to the board. You must report all new addresses to the Board in writing.
  5. Before a license can be renewed, real estate licensees must complete the following for maintaining continuing competency:
    • An 8-hour continuing education core curriculum
    • 12 contact hours of continuing education in elective topics

This time of year can be stressful enough, completing your continuing education doesn’t have to be! With Real Estate Training Institute, you can stay in and use any internet enabled device to complete your courses.

 

We provide: Alaska approved continuing education that meets your elective credit requirements. You will receive your CE Course Completion Certificate immediately upon completion.
All classes are HD VIDEO or FULL NARRATION with PRINTABLE TEXT

Prevent Danger and Keep Yourself Safe!

Recently at an open house in southern California a real estate agent was attacked by a man posing as a prospective buyer. Unfortunately, this is the world we live in and therefore real estate agents must remain vigilant and prepared. Agent safety can be tough when your job requires you to perform independently. To avoid issues, agents should be proactive and take safety into their own hands. The first step to doing so is to understand that safety is your responsibility to yourself.

Recognize the Traits that Make You Vulnerable

Agents always want to look well put together and professional, however, there are a few safety issues that should be discussed. For example, do not wear expensive jewelry and if possible, leave your purse in the trunk of your vehicle. These small details can make all the difference when an attacker is deciding if you would make a good victim.

Respond, Don’t Ignore

Typically, agents are taught to be polite and accommodating, so they will often ignore signs that something is wrong.  Experts on agent safety emphasize the importance to listen to your instincts.  Many agents who have been assaulted, like the agent previously mentioned, ignored the client’s unusual behavior before the attack.

Reduce Your Chances of Becoming A Victim

Ask clients for identification. Establish a special form for clients that includes contact information and a copy of the ID or driver’s license. Meet clients in the office first. This will prevent clients from trying to harm you later, because they know someone else can identify them. When showing a client, a house, avoid walking ahead of them or getting into confined places, like basements, with them.

Take Responsibility—Learn Self Defense

Agents are exposed to danger on a regular basis when they’re doing their job, and even more so for those who are not professionally trained to defend themselves. We know it’s rarely possible to have another trusted person accompany you while driving clients to showings or with you during every open house. That is why we created an online course for you to learn about personal safety and self-defense. We will help you plan ahead and make yourself a less appealing target. You will learn about safety responsibility, safety threats and safety measures to name a few. Remember the key is to let others know where you are, when you will be back and have an excuse to leave if ever you don’t feel comfortable with your circumstances.

These are just a few of the many valuable skills you will learn when taking Certified Training Institute’s Personal Safety and Self Defense 4 Hour CE Course. Real Estate Professionals: learn valuable safety skills and meet your continuing education requirements at the same time. Be prepared for the unexpected, visit Real Estate Training Institute, choose your State and take this class today!

 


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Falling in Love with Your Open Houses this Autumn

The beginning of autumn is like a breath of fresh air--a bit of relief from the offensive summer heat is more than welcome at this time of year. Real estate professionals can capitalize on buyers' eagerness to enjoy fall by bringing the best of the season into their open houses. By using the weather to your advantage and creating some seasonal charm, your open houses will be a hit!

Potential home buyers are likely to purchase a home before the holiday season gets in full swing--this means they will be more serious and ready to make an offer as soon as they find the right fit.  Here are some tips to planning a sensational autumn open house.

Up the Curb Appeal

Set the tone the second interested buyers walk up with a festive fall wreath and doormat. It’s an easy way to add color and style to the front entry, which is great for curb appeal. A doormat invites people in and can add a touch of personality. Bonus: the doormat can also help keep the floors clean.

Focus on Lighting

Lighting can be just as important during an open house as it is in your real estate photographs. Make sure any exterior lighting is working properly and utilize a mix of lamps and ceiling lights to create the perfect ambiance. Don’t go overboard with scented candles or similar items--some viewers may be allergic to the smell. To play it safe, look into electric candles or other lighting sources that can make your property glow without upsetting potential buyers.

Serve Seasonal Refreshments

Providing refreshments for an open house is an excellent, low cost way to incorporate fall touches into your open house. Think about pairing warm cookies with FAQ sheets on the neighborhood or hot cocoa next to a printed floor plan. This personal touch, while small, can make a big impact. Potential buyers will feel comfortable in the space and leave with all the information they need.

Add Autumn-Inspired Elements to the Decor

Continue the autumn theme throughout the house by adding touches of seasonal decor: fall-colored throw blankets and pillows on the couch, a pumpkin cookie jar and apple-cinnamon potpourri in the guest bathroom.

Open Up the Windows

Now is the best time of year when you can open the windows and let the crisp, clean air inside. If you have a fantastic view or outdoor living space, opening the doors and windows can also call attention to the features.

Hosting a memorable fall open house will rely on your ability to make potential buyers feel at home in the space. Create a cozy atmosphere by relying on little fall touches. Keep the inside of the property warm and incorporate subtle fall decor. To make the house even cozier, you can leave out a few fall activities for kids like coloring pages or word puzzles. Between the activities, the warmer temperatures, and any other fall touches, potential buyers will fall in love with the property.

 


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Two Real Estate Firms in Hot Water in Hawaii

 

The U.S. Environmental Protection Agency (EPA) has settled with both Century 21 Homefinders of Hawaii in Hilo, and Coldwell Banker Island Properties of Kahuhui, Maui for violating the federal Toxic Substances Control Act (TSCA). Collectively the companies have agreed to pay more than $26,000 in penalties for failing to provide proper lead-based paint disclosure to buyers and renters of homes built before 1978 in Maui and the Big Island.

The companies were cited under the TSCA’s lead-based paint disclosure rule, which applies to housing built before the residential use of lead-based paint was banned in 1978. The rule requires sellers and lessors of pre-1978 homes to provide prospective home buyers and tenants with a federal brochure about lead-based paint, any information known about lead-based paint in the home, and a warning statement about the potential dangers of lead-based paint. Buyers also have the option to inspect pre-1978 homes before becoming obligated to make a purchase. With this knowledge, potential home buyers and tenants can make informed decisions about whether to buy or rent a specific residence.

Century 21 Homefinders of Hawaii has agreed to pay a $6,962 penalty to settle alleged disclosure violations. Coldwell Banker Island Properties paid a $19,344 penalty in an earlier settlement. Both real estate companies have certified that they are presently in compliance.

High levels of lead in blood can cause permanent damage to the nervous system and widespread health problems, according to the EPA, including reduced intelligence and attention span, hearing loss, stunted growth, reading and learning problems, and behavioral difficulties. Young children with developing nervous systems are most vulnerable. “Reducing childhood lead exposure and addressing associated health impacts is a top priority for the EPA,” said EPA Pacific Southwest Regional Administrator Mike Stoker in a news release. “These settlements protect Hawaii communities by ensuring that lead paint rules and regulations are followed.”

Click here to learn more about the Disclosure Rule.

 


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Nebraska Real Estate Professionals – It’s time to renew!

Brokers and Salespersons in Nebraska are required to complete 18 hours of continuing education each two-year licensing cycle.

If your license starts with an odd number your renewal is November 30, 2019.

 

The speedy housing market in Nebraska is thanks not only to fierce competition over a scarce selection of homes, but also the healthy economy and Nebraska’s “Nice” factor. Compared to East and West coast negotiations, which are like a sport, Nebraskans are nice, decisive and unwilling to take too much time or deal with the hassle of a long negotiation. Both Lincoln and Omaha are on the road to expanding their job market, inviting even more newcomers from larger more expensive cities causing homes to be bought even quicker. Nebraska home values are expected to remain stable. The job market in Nebraska is on the rise and the demand for housing is expected to increase. It is a great time to be a real estate agent in Nebraska!

Keeping up with your education is vital to your prosperity in Real Estate. Without completing the requirements, your license will be just another card tucked in a corner wallet pocket or the candy covered bottom of your purse.

Don't let your continuing education be the reason you miss out on all the commissions from the hours of hard work you put into listings, showings, contracts etc. We understand as an agent, your time is extremely valuable.  We know in the last few years "For Sale" signs have been flying off homes in Nebraska and thoughts of CE have been on the back burner.

In a recent interview Doug Dohse, president of the Omaha Area Board of Realtors, informed us that the market is about to change. He stated “There are just not enough homes for sale, that’s what’s driving [the fast market] more than anything else.” As the housing market begins to slow, now is the time to get your Real Estate CE courses complete. Currently, in both Omaha and Lincoln (more so than any other big metro area across the country) homes are spending on average only 32 days on the market before being snatched up. That doesn't give you much time to get your continuing education done but that's what makes our program so great! You can take your courses from anywhere, at any time and on any internet connected smart device, making it simple and time effective to complete your CE today!

 

We provide: Nebraska approved continuing education that meets all of your requirements. We will report your CE to the Nebraska Real Estate Commission after completion.
All classes are HD VIDEO or FULL NARRATION with PRINTABLE TEXT

Kansas’ Millennial Market

If you’re looking to buy a home in your 20’s, look no further than Kansas. According to recent market research, Wichita is one of the top 10 cities where 20-29-year old’s have been taking out mortgages. In 2018 29.4% of mortgages were issued to buyers in their 20’s. Kansas has become a favored watering hole for 20 somethings. You may be wondering what makes Kansas so desirable for young millennials? Wichita has a strong local economy with reasonable home prices and a spotlight on local night life. There are plenty of things to do for the younger generation, from the Midwest Beerfest to the Autumn and Art festival. Wichita is also the home to large employers such as KOCH Industries and Cessna. A growing economy combined with a seller’s market has raised home values 78%. In a nut shell...Wichita is so popular because home buyers get a lot of house for the same price compared to bigger cities-- and cost of living is low.

While Millennials have been the biggest chunk of U.S. home buyers for a few years now, we’re about to see the younger half hit the housing market en masse. This group will decide where the next “hot” markets are. As a real estate professional trends are crucial in marketing your business, knowing what’s coming is a big benefit so now is the time to take your continuing education courses and renew your license. While fulfilling your requirements brush up on your social media presence with our Social Media Marketing course. The opportunity to make considerable money is just around the corner, so jump on over to our Kansas Real Estate Continuing Education page and learn something new!


With a booming housing market, real estate agents are in high demand. Make sure you stay up to date with state requirements so you can remain licensed.

Do you need Kansas real estate continuing education?

Salespersons and Brokers in Kansas are required to complete 12 hours of continuing education every two years. Salespeople must include a 3-hour Required Salesperson and Broker Core course; the remaining nine hours can be elective topics approved by KREC. Brokers must also complete a 3-hour Required Broker Core course. The remaining six hours may be filled with KREC approved elective courses.

Complete 12-hours of Salesperson or Broker approved online continuing education in HD video and narrated courses with Real Estate Training Institute!


SOCIAL MEDIA MARKETING FOR REAL ESTATE PROFESSIONALS

Learn the ins and outs of social media marketing from experts that work in both social media and real estate.  Use these tools and tricks to upgrade your personal and professional profiles, drive leads, and increase business.

$39.00Add to cart

Florida Real Estate License Fees Cut 50%

A little relief comes to FL Real Estate professionals beginning July 1, 2019. Gov. Ron DeSantis and DBPR joined FREC in announcing a fee change for 200,000 licensees in Florida.

The lower renewal cost begins with the next renewal cycle that ends on Sept. 30, 2019. The temporary fee reduction, which lowers license renewal fees by 50% for licenses of real estate brokers, real estate sales associates and real estate broker branch offices will continue through the renewal periods of licenses expiring March 31, 2020, Sept. 30, 2020, and March 31, 2021.

License renewal fees for real estate brokers will drop from $72.00 to $36.00 and from $64.00 to $32.00 for renewal as a real estate sales associate or broker branch office.

The upcoming license fee reduction is projected to result in an estimated savings of over $8.8 million dollars for eligible license holders in Florida. Pursuant to section 455.219, Florida Statutes, FREC is authorized to implement a waiver of license renewal fees for a period not to exceed two years when the profession's trust fund monies exceed the amount required to cover the necessary functions of FREC.


Don't let your license expire!

Here are the requirements needed to renew your Florida real estate license:

How do I renew my Florida real estate license?

Florida requires all real estate licensees to renew their license through their Online Service portal. If you have not already registered, you will need to do so before you may renew your license. Once you have registered, you will receive an email with a temporary password and then you will create your own unique, secure password. (Check your spam or junk mail folder if you don’t receive that email right away.) After you have successfully logged in you will be able to link your license to the online account you created.

Create your Online Account
Link Your License to Your Online Account

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

$32 | Sales Associates
$36 | Brokers

CE Requirement 1st Renewal:

  • Sales Associate - 45 hours
  • Brokers - 60 hours

CE Requirement Subsequent Renewal: 14 Hours
Required Courses: 3-Hour Florida Core Law

Do you report my continuing education to the Florida Real Estate Commission?

Yes! We will report your course completion to the Florida Real Estate Commission. Rosters are submitted three times a week and can take 24-48 hours to be reflected in the FREC database.

The El Paso Real Estate Market Is Growing Rapidly

People are moving to El Paso, Texas. Until recently, El Paso has been known as a small, quiet town on the U.S.-Mexico border. These days, the city's abundance of low-cost homes is causing a housing boom.

A lot of the new homeowners are coming from Arizona and California to enjoy the city's low cost of living or to live near the Fort Bliss military base.  A brand-new three bedroom home with stainless steal appliances and granite counter tops can be bought for just $150,000-$165,000.

Realtor.com® has released the following forecasts for El Paso, TX:

Median home price: $150,000
Sales growth: 7.9%
Price growth: 2.5%


With a booming housing market, real estate agents are in high demand. Make sure you stay up to date with state requirements so you can remain licensed.

Do you need Texas real estate continuing education?

Sales Agents and Brokers must complete 18-hours of continuing education classes every two years. Salespeople must include 8-hours of TREC Legal Updates I & II (These are 4-hours each). The other 10-hours can be based on elective training topics that are approved by TREC. Brokers must also complete a 6-hour TREC Broker Responsibilities course. The remaining 4-hours may be filled with TREC approved elective courses. Sales Agents must complete 90 hours of qualifying education during the first renewal cycle.

Complete 18-hours of TREC approved online continuing education in HD video with Real Estate Training Institute!

Las Vegas Real Estate Market Expected to Grow in 2019-2020

Las Vegas, Nevada is one of the only housing markets expected to grow over the next year and a half. This is in stark contrast to the market they faced just a decade ago. Las Vegas was among the first and hardest hit during the 2008 housing crash. Entire neighborhoods were plagued with foreclosure signs and new construction came to a complete halt.

Today's market is made up of young buyers relocating for tech jobs. They are attracted by the low mortgage rates, affordable housing, and Nevada's lack of income tax. With these features combined, houses are flying off the market just days after becoming available.

Realtor.com® has released the following forecasts for Las Vegas, Nevada:

Median home price: $277,574
Sales growth: 0.9%
Price growth: 7.9%


With a booming housing market, real estate agents are in high demand. Make sure you stay up-to-date with state requirements so you can remain licensed.

Nevada Real Estate Continuing Education:
Brokers and salespeople in Nevada must complete 24-hours of continuing education classes every two years,  half of which (12 hours) may be completed online. First-year licensees (brokers and salespeople) must complete 30 hours of specific courses. Requirements for subsequent licensing cycles are 24-hours of continuing education include:

Salespeople: 3-hr Agency | 3-hr Contracts | 3-hr Ethics | 3-hr Law & Legislation | 12-hr Electives
Brokers: 3-hr Agency | 2-hr Contracts | 2-hr Ethics | 3-hr Law & Legislation | 2-hr Broker Management | 9-hr Electives

Complete 12-hours of online continuing education online in HD video with Real Estate Training Institute!