NC - (C.E) - Describe and list ways to protect the consumers in their real estate process due to brokers using unlicensed assistants and other unlicensed people such as home inspectors and wholesalers. Will also discuss other unlicensed activity.
Course curriculum
Instructor's Name and contact information
1.1: Orientation, Attendance, Class Information & Course objectives
Student Manual
S1
1.2: NCREC defines license and unlicensed assistant
1.3: Risks with the multitude of "ADMINISTRATIVE POSITIONS" in real estate
1.3A: Real Estate Assistant / Administrative Assistant
1.3B: Real Estate Virtual Assistant / VA / Personal Assistant
1.3C: Listing Coordinator
1.3D: Listing Manager
1.3E: Real Estate Office Administrator / OA / Office Manager
1.3F: Transaction Coordinator / TC / Closing Coordinator / Administrator
1.3G: Transaction Manager / TM / Closing Manager / Licensed Transaction Coordinator / Administrator
1.3H: Transaction Coordinator Manager / Transaction Manager
1.3I: Property Manager / Property Supervisor
1.3J: Assistant Property Manager
1.4A - What can an unlicensed assistant DO?
1.4B - What can an unlicensed assistant DO?
1.5: What an assistant MAY do for the broker and for the consumer
1.5A: MORE of what an unlicensed assistant can DO
1.6A: What can an unlicensed Assistant NOT do?
1.6B: What can an unlicensed Assistant NOT do?
1.7: What an assistant MAY NOT do for the broker or for the consumer?
Section 1: Takeaways
Section 1: Quiz
Section #1: Passphrase
S2
Risks: Broker allowing unlicensed assistant to use their key to access lockboxes to show property.
What are some key violations?
2.1A - Unlicensed Assistant showing property
2.1B: What can an unlicensed Assistant NOT do?
2.2 - Inspector Showing Appointments
Assistant Access to MLS
Teams and Assistants
2.5: A1 - Individual Assistant
2.5: A2 – Office Assistant
2.5: A3 – Firm Assistant
MLS Username & password Violations
2.8-1: North Carolina Association of Realtors® Forms
2.8-2: South Carolina Real Estate Commission Rules
2.8-3: South Carolina Association of Realtors® Forms
2.9: The wrong SQ FT reported to MLS
2.10: The wrong SQ FT reported to MLS
2.11: The wrong SQ FT reported to MLS
Section 2: Take Aways
Section 2: Quiz
Section #2: Passphrase
S3
3.1: Risks when an unlicensed assistant review contracts, disclosures, and agency documentation for compliance:
3.1A: NCREC Consent order - (Closing date change was not initialed by the buyer)
3.1B: NCREC Consent order - (Buyer Agency Agreement) BAA had wrong dates - file was not compliant)
3.1C: What can an unlicensed assistant NOT do?
3.1D: NCREC Consent order - (unlicensed assistant created addendums)
3.1E: NCREC Consent order - (unlicensed sales representatives)
3.1F: NCREC Consent order - (unlicensed assistant created addendum and performed other licensee duties).
3.1G: NCREC Consent Order (Warranty not ordered & invoice not submitted to the closing attorney's office)
3.2: Violations when 1 state's documentation is mingled with another state's documentation and vice versa.
Section 3: Take Aways
Section 3: Quiz
Section #3: Passphrase
S4
4.0: Unlicensed Activity Defined by NCREC
4.0: NC Rule: 93A 1. License required of real estate brokers.
4.1: Unlicensed Activity - Interpretation of Wholesaling
4.1: Unlicensed Activity - Wholesaling (Article from the NCREC)
4.1A: NCREC Consent Order (Unlicensed entity being paid a compensation)
4.1B: PART 1 - NCREC Disciplinary Action
4.1B: PART 2 -NCREC (paraphrased transcript)
4.1B: PART 3 - Results
4.1C: NCREC Consent Order (unlicensed activity involving an unlicensed person collecting the DDF).
4.2A: NC vs. SC un-licensee showing property in the opposite state
4.2B: Is it true that agents who are only licensed in NC have access to SC listings if a MLS Supra iBox is installed on the listed property?
4.3: Is a home inspection required? What is the broker’s responsibility during the inspection / due diligence period?
4.3 Repair Negotiations
4.3A: NCREC Consent Order (unlicensed inspector)
4.3B: NCREC Consent Order (unlicensed inspector)
4.4: Unlicensed Activity – “Inactive” License; A.0504 Active and Inactive License Status
4.4A: NCREC Consent Order (Inactive Status)
§ 93A‑16. Real Estate Education &Recovery Fund created; payment to fund; management.
§ 93A‑17. Grounds for payment; notice and application to Commission.
§ 93A‑18. Hearing; required showing.
§ 93A‑20. Order directing payment out of fund; compromise of claims.
§ 93A‑22. Repayment to fund; automatic sus pension of license.
§ 93A‑25. Persons ineligible to recover from fund.
§ 93A‑26. Disciplinary action against licensee.
4.6A: How does the complaint process begin?
4.6B: When Will a Broker Learn that a Complaint Has Been Filed?
4.7: Case Study
Case Study Results
Section 4: Take Aways
Section 4: Quiz
Section #4: Passphrase
