Continuing Education

OBAR Now Offering a Scholarship Application for the Chamber’s Leadership OBX 2019-2020

Are you interested in running for office or serving on a local board in Dare County?  Maybe you are interested in learning more about our region from demographics to the challenges of our diverse area?  Then now is your chance!

The Outer Banks Association of REALTORS® is happy to announce that we are providing a scholarship for one of our members to attend Leadership OBX. Leadership OBX, a professional development program of the Outer Banks Chamber of Commerce, is now accepting applications for the Class of 2019-2020. The Outer Banks Chamber launched Leadership OBX in 2014 to develop a cohort of business professionals with a greater understanding of the Outer Banks region and a network of individuals ready to serve on boards and in other volunteer leadership roles in the region. It is a great opportunity for any one considering serving on a board or running for office. The primary objective of Leadership OBX is to educate business and organizational professionals about economic, demographic and social resources, as well as the successes and challenges of our diverse area. The Class of 2019-2020 runs from late October 2019 through early May 2020 and includes a welcome reception, retreat (Sunday/Monday), and 10 full-day sessions all scheduled on Wednesdays. Program participants develop life-long friendships and enduring professional connections as well as a deeper understanding of the community we live in.

APPLICATION

  • To print OBAR’s scholarship application for Leadership OBX 2019/2020 to fill out by hand click HERE. (Please return by email to willo@outerbanksrealtors.com)
  • For a fillable scholarship application for Leadership OBX 2019/2020 click HERE. (Please download the scholarship application before filling out.  Return by email to willo@outerbanksrealtors.com)

APPLICATION PROCESS 

  • Completed scholarship applications must be received by OBAR at the close of day on Friday, August 23rd, 2019
  • Tuition is $500. Tuition includes welcome reception, retreat, meals and program related costs and will be covered by OBAR

ATTENDANCE

  • To complete the Leadership OBX program, full participation is expected. Attendance guidelines are as follows: Welcome Reception and 2-Day Retreat are MANDATORY
  • 10 full day sessions, approximately once every two-three weeks from 8:00 a.m. – 5:00 p.m. See class schedule for dates.
    • One missed session will be excused; a second missed session will require a make-up assignment. Three missed sessions will result in the participant being dropped from the program with no refund of tuition.

Leadership OBX 2019-2020 Calendar

Fri, Aug 23, 2019 – Scholarship App Due to OBAR 
Sun & Mon, Oct 27 & 28, 2019 – Retreat
Wed, Nov 6, 2019 – Public Safety
Wed, Nov 20, 2019 – Economic Dev
Wed, Dec 11, 2019 – Government
Wed, Jan 8, 2020 – Social Issues
Wed, Jan 29, 2020 – Education
Wed, Feb 12, 2020 – Healthcare
Wed, Mar 4, 2020 – Currituck
Wed, Mar 18, 2020 – Environment
Wed, Apr 8, 2020 – Tourism
Wed, Apr 29, 2020 – Hatteras Island
Wed, May 6, 2020 – Graduation

For more information email OBAR CEO Willo Kelly at willo@outerbanksrealtors.com or visit the Outer Banks Chamber of Commerce Leadership OBX Page HERE

What the Flood!

‘What the Flood!’ NAIC Quiz Helps Americans Understand Flood Insurance

From NAIC – The National Association of Insurance Commissioners (NAIC) released a new online quiz, “What the Flood!,” as part of its #YourRiskIsReal campaign, an ongoing effort to educate consumers about flood risks and the need to consider purchasing flood insurance. The #YourRiskIsReal campaign educates consumers about flood risks and dispels dangerous misconceptions about flood insurance.

The short, interactive quiz presents complicated insurance concepts in easy-to-understand terms. Sample questions include: “Is damage from a busted bathroom pipe and a burst levee covered by the same policy?” and “If a hurricane floods your car, do you file a claim with auto or home?”

“There’s a lot of confusion out there about insurance coverage for water-related damage. Insurance Commissioners want consumers to understand which insurance covers the various flood perils, ” said Eric Cioppa, NAIC President and Superintendent of the Maine Bureau of Insurance.

According to a recent national survey sponsored by NAIC, 41% of Americans agree or strongly agree that flood insurance is a “good idea,” yet only 17% say they have purchased flood insurance. (Federal Emergency Management Association (FEMA) estimates that only about 3% have flood protection.)

Flood insurance policies are available through the National Flood Insurance Program (NFIP) and on the private market.

Some erroneous beliefs about flood insurance commonly held by consumers include:

Myth: My homeowners insurance covers me against floods.
Reality: Most homeowners and business insurance policies do not cover damage caused by flooding.

Myth: FEMA assistance is just as good as an insurance policy.
Reality: Not everyone will qualify for FEMA assistance after a disaster, and grants (averaging less than $8,000) are not enough to cover all costs after a flood.

Myth: My home will be fine once it dries out.
Reality: Flooding can damage the foundation of a house, as well as the walls and subfloors, causing mold and other problems. Fixing the damage is expensive.

The survey was conducted online by Engine among a demographically representative U.S. sample of 1,004 adults, including 502 men and 502 women age 18 and older. This survey was live May 20-22, 2019. Raw data was weighted by age, sex, geographic region, race and education to ensure reliable and accurate representation of the total U.S. population 18 and older.

The NAIC, together with FEMA, will host a Twitter chat from 2 to 3 p.m. ET on Tuesday, June 18. Responding to questions in real time, @NAIC will lead the chat focusing on disaster preparedness (floods, wildfires and other events) using the hashtag #YourRiskIsReal.

Survey document links:
Click here for survey methods and summary (docx)
Click here for survey results (xlsx)

CE Deadline June 10th – Are You Ready

When must I complete my Continuing Education (CE) each year?
The North Carolina Real Estate Commission requires that 8 hours of CE (Update & Elective) be completed each annual license period between July 1 and June 10. Sponsors are not permitted to offer courses for CE credit between June 11 and June 30 of each year to allow time to file reports with the Commission and for the Commission to process such reports. Thus, you will not be able to complete your CE requirement between June 11 and June 30 of each year.

Provisional Brokers and non-BIC Brokers must take the General Update course and one Commission-approved elective. BICs and BIC-Eligible Brokers should* take the BICUP (Broker-in-Charge Update) course and one Commission-approved elective. *A BIC or BIC-eligible Broker who takes the General Update course and an elective will maintain an Active license but will lose his/her BIC status/eligibility.

I attained my broker license this year. Do I need to take CE? What about Post-Licensing?
Post-licensing education should not be confused with Continuing Education. Post-licensing education is a one time requirement for provisional brokers wishing active license status eligibility that must be completed within the prescribed period of time after initial licensure. Click here for more information on post-licensing requirements.

Continuing Education is a recurring annual requirement for ALL licensees wishing to maintain active license status eligibility that must be completed each license period by June 10th beginning with the first full annual license period after initial licensure.

A broker newly licensed by examination or reinstatement does NOT have any CE requirement during the initial license period. Newly licensed brokers must satisfy the 8-hour annual CE requirement prior to the second license renewal in order to renew the license on active status. You can always contact NCREC to confirm your CE deadline at 919.875.3700.

I didn’t complete my CE during the required period. What happens now?
If you currently hold a license on active status but did not complete both a 4-hour Elective and a 4-hour Update course, effective July 1 your license will be placed on inactive status by NCREC. If you are a Broker-in-Charge (BIC), you will also lose your BIC eligibility and anyone under you who holds a provisional license will go inactive as well. Contact the NCREC Information Services division to confirm this at (919) 875-3700 (ext 772).

In order to be eligible for activation, you must:
1.  Complete the current year’s CE requirement in full, i.e., take the General Update and any 4 hour approved elective;
2.  Take either 1 or 2 approved electives to make up for the number of hours you lacked during the immediately preceding license year;
3.  Send the Commission an activation form (REC 2.08 – available online) asking them to return your license to active status and, if applicable, the name and address of the office where you will be affiliated.

If you are a BIC, you will then need to complete the Commission’s 12-hour two-day BIC course and file a BIC Declaration Form (REC 2.04) to reinstate your BIC eligibility. All must be completed in this specific order.

If you have any additional questions pertaining to your license status or BIC eligibility, you may contact the NCREC Information Services division as soon as possible at (919) 875-3700 (ext 772).

Can I file for an extension?
Extensions of time to acquire CE while continuing on active status will be granted only in those instances where a licensee is unable to obtain CE in a timely manner due to an extreme hardship which existed for a substantial portion of the license period. Examples might include a member of the military stationed overseas or a licensee with an incapacitating illness for a substantial portion of the license period. You should submit the “CE Extension Request Form” (REC 7.18) to the Commission well in advance of the June 10 deadline for CE.

How do I register for a CE course?
OBAR WILL NOT BE OFFERING CE BEFORE THE DEADLINE!!  PLEASE VISIT THE NC REAL ESTATE COMMISSION TO FIND CLASSES IN NORTH CAROLINA AT https://www.ncrec.gov/.

How can I check my Continuing Education credits?
Log into your online license record to view your credits. To access your record, go to the Commission’s homepage (www.ncrec.gov) and click on “Licensee Login.

I accidentally (or purposefully) took an extra CE elective. Do any CE credits carry over?
Only 4 elective credit hours may be carried forward to the next license period if no portion of the credit hours for the course were applied toward the CE requirement for the current license period. Thus, carry-over credit may be granted for extra elective courses taken, but not for extra hours in one course.

I wish to renew my license on INACTIVE status. What CE do I need to take?
If you do not plan to use your real estate license in the near future, you have the option to renew your license on inactive status.

-If your license has been on Inactive status for more than 1 year, and you have a CE deficiency in your license record, you will be required to complete the current year’s CE (the Update course and a 4-hour elective) plus either one or two 4-hour elective courses in order to be eligible to activate your license. These requirements do not change, regardless as to how long a license has been Inactive. Thus, the maximum amount of continuing education to activate a license is currently 16 hours.

-If your license has been on Inactive status for more than 2 years, and you have a CE deficiency in your license record, you will be required to complete the current year’s CE (the Update course and a 4-hour elective) plus two 30-hour post-licensing courses in order to be eligible to activate your license.

To verify the status of your license and to view your continuing education record, visit the Commission’s website (www.ncrec.gov) and click on Licensee Login. If you wish to activate your license now, but you are unsure of the steps to take, contact License Services at 919.875.3700 or email ls@ncrec.gov.

I completed my CE requirements but I didn’t receive a paper license in the mail this year. Is something wrong?
Beginning in 2018, NCREC will no longer mail printed paper license cards. To download your card, visit the Commission’s website (www.ncrec.gov) and click on Licensee Login, then click View/Print Pocket Card. You may print this card, snap a picture on your phone to use at CE check-in, or request a printed card from the Commission for $5.00.

What do I need to do to become a BIC?
To qualify to declare yourself a BIC, you must:
1. Have an active broker license not on provisional status;
2. Have two years full-time brokerage experience (4,000 hours), or equivalent part-time experience, within the preceding five years;
3. Send the Commission the Broker-in-Charge Declaration form (REC 2.04); and
4. Take the Commission’s 12-hour Broker-in-Charge Course within 120 days of declaring unless the broker completed the course within three years prior to declaring.

Taking the Broker-in-Charge Course does not make you a BIC. It may help prepare you to become a BIC and you will be required to take it at some point, but you will not be a BIC until you send the Broker-in-Charge Declaration form (REC 2.04) to the Commission.

Do you have addition questions?
Please do not hesitate to contact the OBAR Education & Events Coordinator, Kyle Tribett at (252)441-4036 or kyle@outerbanksrealtors.com or the NC Real Estate Commission Information Line at 919-875-3700.

Continuing Education Q&A

When must I complete my Continuing Education (CE) each year?
The North Carolina Real Estate Commission requires that 8 hours of CE (Update & Elective) be completed each annual license period between July 1 and June 10. Sponsors are not permitted to offer courses for CE credit between June 11 and June 30 of each year to allow time to file reports with the Commission and for the Commission to process such reports. Thus, you will not be able to complete your CE requirement between June 11 and June 30 of each year.

Provisional Brokers and non-BIC Brokers must take the General Update course and one Commission-approved elective. BICs and BIC-Eligible Brokers should* take the BICUP (Broker-in-Charge Update) course and one Commission-approved elective. *A BIC or BIC-eligible Broker who takes the General Update course and an elective will maintain an Active license but will lose his/her BIC status/eligibility.

I attained my broker license this year. Do I need to take CE? What about Post-Licensing?
Post-licensing education should not be confused with Continuing Education. Post-licensing education is a one time requirement for provisional brokers wishing active license status eligibility that must be completed within the prescribed period of time after initial licensure. Click here for more information on post-licensing requirements.

Continuing Education is a recurring annual requirement for ALL licensees wishing to maintain active license status eligibility that must be completed each license period by June 10th beginning with the first full annual license period after initial licensure.

A broker newly licensed by examination or reinstatement does NOT have any CE requirement during the initial license period. Newly licensed brokers must satisfy the 8-hour annual CE requirement prior to the second license renewal in order to renew the license on active status. You can always contact NCREC to confirm your CE deadline at 919.875.3700.

I didn’t complete my CE during the required period. What happens now?
If you currently hold a license on active status but did not complete both a 4-hour Elective and a 4-hour Update course, effective July 1 your license will be placed on inactive status by NCREC. If you are a Broker-in-Charge (BIC), you will also lose your BIC eligibility and anyone under you who holds a provisional license will go inactive as well. Contact the NCREC Information Services division to confirm this at (919) 875-3700 (ext 772).

In order to be eligible for activation, you must:
1.  Complete the current year’s CE requirement in full, i.e., take the General Update and any 4 hour approved elective;
2.  Take either 1 or 2 approved electives to make up for the number of hours you lacked during the immediately preceding license year;
3.  Send the Commission an activation form (REC 2.08 – available online) asking them to return your license to active status and, if applicable, the name and address of the office where you will be affiliated.

If you are a BIC, you will then need to complete the Commission’s 12-hour two-day BIC course and file a BIC Declaration Form (REC 2.04) to reinstate your BIC eligibility. All must be completed in this specific order.

If you have any additional questions pertaining to your license status or BIC eligibility, you may contact the NCREC Information Services division as soon as possible at (919) 875-3700 (ext 772).

Can I file for an extension?
Extensions of time to acquire CE while continuing on active status will be granted only in those instances where a licensee is unable to obtain CE in a timely manner due to an extreme hardship which existed for a substantial portion of the license period. Examples might include a member of the military stationed overseas or a licensee with an incapacitating illness for a substantial portion of the license period. You should submit the “CE Extension Request Form” (REC 7.18) to the Commission well in advance of the June 10 deadline for CE.

How do I register for a CE course?
1. If you are an OBAR member, visit our website to log-on and register for courses and events online. Check out our YouTube video tutorial by clicking here for a step-by-step guide on this registration process.
2. Call the OBAR office to register and complete payment over the phone with an OBAR staff member.

How can I check my Continuing Education credits?
Log into your online license record to view your credits. To access your record, go to the Commission’s homepage (www.ncrec.gov) and click on “Licensee Login.

I accidentally (or purposefully) took an extra CE elective. Do any CE credits carry over?
Only 4 elective credit hours may be carried forward to the next license period if no portion of the credit hours for the course were applied toward the CE requirement for the current license period. Thus, carry-over credit may be granted for extra elective courses taken, but not for extra hours in one course.

I wish to renew my license on INACTIVE status. What CE do I need to take?
If you do not plan to use your real estate license in the near future, you have the option to renew your license on inactive status.

-If your license has been on Inactive status for more than 1 year, and you have a CE deficiency in your license record, you will be required to complete the current year’s CE (the Update course and a 4-hour elective) plus either one or two 4-hour elective courses in order to be eligible to activate your license. These requirements do not change, regardless as to how long a license has been Inactive. Thus, the maximum amount of continuing education to activate a license is currently 16 hours.

-If your license has been on Inactive status for more than 2 years, and you have a CE deficiency in your license record, you will be required to complete the current year’s CE (the Update course and a 4-hour elective) plus two 30-hour post-licensing courses in order to be eligible to activate your license.

To verify the status of your license and to view your continuing education record, visit the Commission’s website (www.ncrec.gov) and click on Licensee Login. If you wish to activate your license now, but you are unsure of the steps to take, contact License Services at 919.875.3700 or email ls@ncrec.gov.

I completed my CE requirements but I didn’t receive a paper license in the mail this year. Is something wrong?
Beginning in 2018, NCREC will no longer mail printed paper license cards. To download your card, visit the Commission’s website (www.ncrec.gov) and click on Licensee Login, then click View/Print Pocket Card. You may print this card, snap a picture on your phone to use at CE check-in, or request a printed card from the Commission for $5.00.

What do I need to do to become a BIC?
To qualify to declare yourself a BIC, you must:
1. Have an active broker license not on provisional status;
2. Have two years full-time brokerage experience (4,000 hours), or equivalent part-time experience, within the preceding five years;
3. Send the Commission the Broker-in-Charge Declaration form (REC 2.04); and
4. Take the Commission’s 12-hour Broker-in-Charge Course within 120 days of declaring unless the broker completed the course within three years prior to declaring.

Taking the Broker-in-Charge Course does not make you a BIC. It may help prepare you to become a BIC and you will be required to take it at some point, but you will not be a BIC until you send the Broker-in-Charge Declaration form (REC 2.04) to the Commission.

Do you have addition questions?
Please do not hesitate to contact the OBAR Education & Events Coordinator, Kyle Tribett at (252)441-4036 or kyle@outerbanksrealtors.com or the NC Real Estate Commission Information Line at 919-875-3700.

June CE with Mel Black


Location: Comfort Inn 1601 S Virginia Dare Trail, Kill Devil Hills, NC 27948

General UPDATE (GENUP) Course (4 update credit hours)
Wednesday, June 5, 2019, 8:30A-12:30P (Check in: 8:00-8:30A)
Course Description: The General Update course is mandatory each license year for any broker (provisional or full), that is NOT designated by the NC Real Estate Commission as a Broker-in-Charge (BIC) or as BIC-eligible, and who wishes to maintain his/her real estate license on active status.
This course is NOT for Brokers-in-Charge! 

“Appraisal Questions: Essential Answers for Real Estate Professionals” Elective (4 elective credit hours)
Wednesday, June 5, 2019, 1:30-5:30P (Check in: 1:00-1:30P)
Course Description: Have your appraisal questions answered regarding common issues such as: appraiser selection, the appraisal process, square footage, comparable selection and adjustments, appraiser independence, assisting in the process using MLS, the communication chain, and appropriate forms of broker-appraiser communication.

REGISTRATION FEES
OBAR Members: $35 per course
Non-Members: $50 per course
Payment is required with registration.

REGISTRATION OPTIONS:

Registration Deadline: 3:00P on Tuesday, June 4, 2019.
Cancellation:
 Must be in writing (email accepted) and received by OBAR by 3:00P on Tuesday, June 4, 2019.

All attendees must bring NC Real Estate Commission pocket renewal card to registration (physical or digital copy).  No one will be seated after the NC Real Estate Commission deadline; Please arrive for check-in on time.

REALTORS® Code of Ethics Training Requirement

The National Association of REALTORS® requires all REALTOR® members to complete 2.5 hours of Code of Ethics (CoE) training between January 2019 to December 31, 2020. Failure to complete this required training will result in a suspension of membership until the training is complete.

How do I know if I need to take the training?

  1. Have you served on Professional Standards or Grievance between January 2019-December 2020? The training for these committees meets your CoE requirement, and we have your record on file.
  2. Have you taken New Member Orientation with OBAR between January 2019-December 2020? The 2.5 hour CoE training within New Member Orientation meets your CoE requirement, and we have your record on file.
  3. Have you taken an Ethics CE Course with OBAR in 2019 or 2020? The Ethics CE courses OBAR hosts meet your CoE requirement and we have your record on file.
  4. Have you taken an Ethics CE class or Ethics training outside OBAR in 2019 or 2020?  Qualifying online classes and external Ethics CE may satisfy the requirement, however you must present documentation of the class with OBAR to receive credit. Please email this documentation to karenp@outerbanksrealtors.com. If we are your primary association, you will not receive credit otherwise. 
  5. Are you an appraiser or attorney member? Unfortunately, you are not exempt.  Be sure that you have taken the training.
  6. Are you a REALTOR® Emeritus? Congrats! Those with REALTOR® Emeritus status are exempt.

You can lookup your status here on nar.realtor.  Login to the site and select “View my Educational Records” on the Change My Information page. Ensure you have a “COEC” or “COEN” record with a corresponding course code that begins with 2019 or 2020.

Beginning in August 2020 and continuing through December 2020, OBAR will contact each member who has not completed the training and include options for completion.

How can I get the training?

    • FREE Online NAR Training Course (No CE credit) – This class takes 2.5 hours but does not count for CE credit in NC. You will need your NRDS number to access the course on the NAR site. You will not have to notify OBAR as your completion is recorded automatically. Start the online course by clicking here(PLEASE NOTE: The $29.95 CE Ethics Course on the NAR website does NOT carry CE credit in NC)
    • Online Training Course (CE credit) – “Cracking the Code of Ethics” is available from the CE Shop for $49 AND qualifies for 4 hours of CE Elective credit in NC.  Please send notice of your completion to karenp@outerbanksrealtors.com to have your credit submitted to NAR.
    • Live CE Elective Classes (CE credit) – Ethics Elective classes hosted by OBAR meet the NAR Ethics requirement AND carry CE Elective credit. OBAR provided Ethics Elective courses in February, June, September, and November 2018.
      If you take an Ethics Elective course outside of OBAR, you will need to EMAIL your certificate to karenp@outerbanksrealtors.com

Want to learn more about this requirement?

Q&A: Ethics Training Requirements for New and Continuing Members (external link to NAR)

Basic CE Requirements – NCREC

  • You must complete eight (8) classroom hours per year of continuing education (CE) in order to renew your license on active status.
  • Four (4) of the required CE credit hours must be obtained by completing the Real Estate Update course prescribed by the Commission. The subject matter of this course will be changed by the Commission from year to year.
  • The remaining four (4) CE credit hours may be obtained by taking an elective course(s) approved by the Commission. Elective courses may address a wide variety of real estate topics.
  • The maximum amount of Continuing Education credit awarded for any single course is four (4) hours.
  • A person who is issued a broker license (either by examination, reciprocity or reinstatement) does NOT have to take continuing education courses during the license period in which the license is issued. However, they must satisfy the CE requirement prior to the second renewal of the license.
  • Beginning July 1, 2006, all brokers-in-charge must complete a four classroom hour Broker-in-Charge Annual Review Course each full license period after being designated a broker-in-charge.