Plan Your 2018 CE Vacation

Why not include your family and meet your business requirements at the same time. Plan your 2018 vacation to be taken in Orange Beach or Gulf Shores, enjoying the beautiful Alabama beach, eating wonderful seafood while fulfilling your continuing education all at the same time.

Your Family Vacation

It’s just common sense. You have to complete your state required continuing education before September 30, 2018 anyway. So why not schedule a week vacation for you and your family. While the family is playing on our beautiful beach, you can take only two days of your vacation time to complete your CE requirements. Since the classes are held during the day, you still have the evenings to dine out with the family, and you still have five days of your vacation time to fish, play golf, or soak up the sun with the family.

Huge Tax Deduction

By doing this, you earn a huge bonus. Since this is also a business trip, your vacation becomes a business expense. Why not let the government finance your vacation? It is such a smart decision, some people make two trips a year and only takes one day of classes on each trip. This is a win-win situation for both you and your family.

CE Deadline is Sept. 30, 2018

2018 is license renewal year and all licensees must complete 15 hours of continuing education. I have taken the guesswork out it for you. Attend our two-day sessions and receive all required CE credits, regardless whether you are a salesperson or a broker. The courses taught and the dates offered are listed below.

Courses Taught in each two-day session

  • Risk Management Avoiding Violations
  • Risk Management for Salesperson
  • Risk Management for Brokers
  • Mining for Gold Nuggets
  • Code of Ethics (NAR Rquired)

Dates for each two-day session in 2018

  • March 21-22
  • April 18-19
  • May 23-24
  • June 13-14
  • July 18-19
  • August 22-23
  • September 19-20

LOCATION: All classes will be taught at this location.

Orange Beach Community Center

27235 Canal Rd.

Orange Beach, Al. 36561

Special Town Hall Meeting

June 13, 2017 9-11 am

Orange Beach Community Center
Orange Beach, Al. 36561

What do we really know?

Knowing the letter of the law is not anyone’s favorite part of selling real estate, but it is arguably one of the most important parts of our job. Though we all work and act in ways that we believe to be appropriate and within the legal guidelines, too often agents are unknowingly breaking laws.

Creatures of habit

We are creatures of habit. We do things a certain way because that’s the way we have always done it. We may not even know why we do things a certain way but we certainly don’t want to change. To change would get us out of our comfort zone.

A Town Hall style meeting

Alabama Real Estate Institute is always trying to provide the best quality information available. We strive to stay abreast of the most current laws affecting the real estate industry and then we pass that knowledge on to our students. This is the reason we decided to have this “town hall” style meeting. Politicians use this type venue to get their message out and to gain support. So I decided to try it.

Attorney General speaks out

The main speaker for our meeting is Mr. Chris Booth. He is an Attorney General, appointed by the Governor of Alabama. He is also the senior counsel for the Alabama Real Estate Commission. I view him as the person that will prosecute us if we violate the state licensing law, and he is the one that will defend us when we’re in the right. Therefore, when he speaks, we should listen. During this meeting we will learn things that are not printed in articles.

Some of the topics discussed

Topics that will be covered in this town hall meeting are listed below; plus questions that you may want answers to.

  • Complaints received by the legal department of the real estate commission
  • What cost should be included in an estimated closing statement
  • Recovery fund verses E & O Insurance
  • Disclosure of caveat emptor and agency at initial contact
  • Power of Code of Ethics compared to the law
  • Property management issues and agent rentals
  • Disclosure of earnest money not collected
  • Real estate signs on non-listed property
  • RECAD and estimated closing statements as they relate to commercial property
  • Receipt of commissions bypassing the broker
  • Concessions and compensation as an inducement to purchase

It cost nothing for you to attend with the exception of your time. Breakfast type food will be provided at not cost to you. We do, however, ask that you RSVP me so I can save you a seat and make sure we have something for you to eat.

Please make sure you thank these sponsors for helping make this meeting possible.

Anchor Title and Excrow

Gold Star Realty

ACOPIA Home Loans

 

 

 

 

                       

 

 

Insulating Against A Law Suit

Generally most of my posts are adaptable to sales in any industry. Today I am specifically addressing real estate sales. If someone practices real estate very long, they will face legal issues; especially if they sell a lot of real estate. There is a very simple explanation for it too. It’s impossible to please everyone, and especially, if you represent both the buyer and the seller. In this type situation the buyer feels like the seller took advantage of them, while the seller feels like the buyer took advantage of them. As a Realtor® who is wedged between both parties thinking the agent showed partiality to the other party in the transaction. To complicate matters worse, in a typical real estate sales transaction there are numerous entities that have specific requirements and guidelines that must be followed.

Managing Your Risks

Generally most of my posts are adaptable to sales in any industry. Today I am specifically addressing real estate sales. If someone practices real estate very long, they will face legal issues; especially if they sell a lot of real estate. There is a very simple explanation for it too. It’s impossible to please everyone, and especially, if you represent both the buyer and the seller. In this type situation the buyer feels like the seller took advantage of them, while the seller feels like the buyer took advantage of them. As a Realtor® who is wedged between both parties thinking the agent showed partiality to the other party in the transaction. To complicate matters worse, in a typical real estate sales transaction there are numerous entities that have specific requirements and guidelines that must be followed.

In most real estate sale transactions there are two separate agencies involved. 

More times than not one agency will have the listing and represent the seller while the other agency will represent the buyer. [Read more…]

The Battles We Fight

People are competitive by nature. But, competition doesn’t justify the continuation of a war fought 150 years ago. Football is the favorite sport of most American families. At the end of each season, there will be bowl games pitting the North against the South; the Blue against the Grey; the East against the West. In many cases when people have different points of view, people claim discrimination which causes a continuation of friction between Black and White. Two universities in the same state have so much hatred for each other; they pull for the schools in another state to beat their home-state school.

Why Do We Continue Fighting?

People in sales fight battles every day. Their toughest battle is within themselves, trying to stay focused on doing the things that are productive while not allowing non-productive things to consume their time. Seldom do I write off-the-wall articles or share my views on political issues but I feel compelled to write about this because not only does it relate to sales people, but it relates to people in general.

It has been almost 150 years since the Civil War and the battle is still being fought today. I’m not referring to race but to life in general. The American Civil War began in 1861 between the “Union,” the “North” and the “Confederacy” the “South.” Over 600,000 Americans died in this war to abolish slavery. The war ended in 1865, officially, but the losses were so great that a semi-silent war has continued until this day. Bear with me for a moment and you’ll see where I’m going.

The North has always had industrial manufacturing which provided its wealth. The South found solace through religion while laboring on farms and lower wage jobs. The people in the North speak directly, straight forward, which seems offensive to their southern counterpart. People from the South [Read more…]

Managing Risk Saves Realtors

RISK CAN BE COSTLY

The practice of real estate is a very legalistic business and we take our jobs far too lightly. I think one of the reasons is because we haven’t had a transaction that ended up in litigation. In all my Risk Management CE classes, I use this illustration; “When you driving down the road and you’re speeding, then you look in your rear view mirror and see a blue light flashing, it’s too late to be concerned about how fast you were going.” The damage is done. You knew the speed limit, and you knew if you were caught speeding, you would suffer the consequences. The same thing is true in real estate.

As licensed real estate agents we are supposed to know the law. When we are licensed we set ourselves apart as professionals in the real estate industry. That license signifies to the consumer that you have been educated, passed extreme examinations, properly trained, and that you are qualified to assist anyone when buying or selling real estate. The consumer should but seldom does, interview an agent before employing them to find out if they have sufficient expertise to represent their best interest.

When a real estate agent looks in the mirror, they should see an invisible phrase branded on their forehead that says, [Read more…]

Quadrennial Code of Ethics

The National Association of Realtors was formed in 1908. And then in 1913, established the Professional Standards for Conduct. These are standard we refer to as the Code of Ethics. The National Association of Realtors requires all its members to take a special, updated version of the Code of Ethics every four years. These same standards were later the basis for many state laws which govern the representation of consumers as it relates to buying and selling real estate. NAR membership is comprised of state and county boards that cover the entire United States; which is the largest professional association in America.

Most state laws require [Read more…]