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NC C.E. Elective (Course#4041) Administrative Assistants Do’s & Don’ts and Other Unlicensed Brokerage Activity

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.

NC C.E. Elective (EP#1789) (Instructor#2629)

Course curriculum

1. PPD - Policies & Procedures Disclosure
  FREE PREVIEW
1. Instructor's Name and contact information
1. 1.1: Orientation, Attendance, Class Information & Course objectives
1. Student Manual
1. S1
1. 1.2: NCREC defines license and unlicensed assistant
1. 1.3: Risks with the multitude of "ADMINISTRATIVE POSITIONS" in real estate
2. 1.3A: Real Estate Assistant / Administrative Assistant
3. 1.3B: Real Estate Virtual Assistant / VA / Personal Assistant
4. 1.3C: Listing Coordinator
5. 1.3D: Listing Manager
6. 1.3E: Real Estate Office Administrator / OA / Office Manager
7. 1.3F: Transaction Coordinator / TC / Closing Coordinator / Administrator
8. 1.3G: Transaction Manager / TM / Closing Manager / Licensed Transaction Coordinator / Administrator
9. 1.3H: Transaction Coordinator Manager / Transaction Manager
10. 1.3I: Property Manager / Property Supervisor
11. 1.3J: Assistant Property Manager
1. 1.4A - What can an unlicensed assistant DO?
2. 1.4B - What can an unlicensed assistant DO?
1. 1.5: What an assistant MAY do for the broker and for the consumer
1. 1.5A: MORE of what an unlicensed assistant can DO
1. 1.6A: What can an unlicensed Assistant NOT do?
2. 1.6B: What can an unlicensed Assistant NOT do?
1. 1.7: What an assistant MAY NOT do for the broker or for the consumer?
1. Section 1: Takeaways
1. Section 1: Quiz
2. Section #1: Passphrase
1. S2
1. Risks: Broker allowing unlicensed assistant to use their key to access lockboxes to show property.
2. What are some key violations?
1. 2.1A - Unlicensed Assistant showing property
1. 2.1B: What can an unlicensed Assistant NOT do?
1. 2.2 - Inspector Showing Appointments
1. Assistant Access to MLS
1. Teams and Assistants
1. 2.5: A1 - Individual Assistant
2. 2.5: A2 – Office Assistant
3. 2.5: A3 – Firm Assistant
1. MLS Username & password Violations
1. 2.8-1: North Carolina Association of Realtors® Forms
2. 2.8-2: South Carolina Real Estate Commission Rules
3. 2.8-3: South Carolina Association of Realtors® Forms
1. 2.9: The wrong SQ FT reported to MLS
1. 2.10: The wrong SQ FT reported to MLS
1. 2.11: The wrong SQ FT reported to MLS
1. Section 2: Take Aways
1. Section 2: Quiz
2. Section #2: Passphrase
1. S3
1. 3.1: Risks when an unlicensed assistant review contracts, disclosures, and agency documentation for compliance:
1. 3.1A: NCREC Consent order - (Closing date change was not initialed by the buyer)
1. 3.1B: NCREC Consent order - (Buyer Agency Agreement) BAA had wrong dates - file was not compliant)
1. 3.1C: What can an unlicensed assistant NOT do?
1. 3.1D: NCREC Consent order - (unlicensed assistant created addendums)
1. 3.1E: NCREC Consent order - (unlicensed sales representatives)
1. 3.1F: NCREC Consent order - (unlicensed assistant created addendum and performed other licensee duties).
1. 3.1G: NCREC Consent Order (Warranty not ordered & invoice not submitted to the closing attorney's office)
1. 3.2: Violations when 1 state's documentation is mingled with another state's documentation and vice versa.
1. Section 3: Take Aways
1. Section 3: Quiz
2. Section #3: Passphrase
1. S4
1. 4.0: Unlicensed Activity Defined by NCREC
2. 4.0: NC Rule: 93A 1. License required of real estate brokers.
1. 4.1: Unlicensed Activity - Interpretation of Wholesaling
2. 4.1: Unlicensed Activity - Wholesaling (Article from the NCREC)
1. 4.1A: NCREC Consent Order (Unlicensed entity being paid a compensation)
1. 4.1B: PART 1 - NCREC Disciplinary Action
1. 4.1B: PART 2 -NCREC (paraphrased transcript)
1. 4.1B: PART 3 - Results
1. 4.1C: NCREC Consent Order (unlicensed activity involving an unlicensed person collecting the DDF).
1. 4.2A: NC vs. SC un-licensee showing property in the opposite state
2. 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?
1. 4.3: Is a home inspection required? What is the broker’s responsibility during the inspection / due diligence period?
2. 4.3 Repair Negotiations
3. 4.3A: NCREC Consent Order (unlicensed inspector)
4. 4.3B: NCREC Consent Order (unlicensed inspector)
1. 4.4: Unlicensed Activity – “Inactive” License; A.0504 Active and Inactive License Status
2. 4.4A: NCREC Consent Order (Inactive Status)
1. § 93A‑16. Real Estate Education &Recovery Fund created; payment to fund; management.
2. § 93A‑17. Grounds for payment; notice and application to Commission.
3. § 93A‑18. Hearing; required showing.
4. § 93A‑20. Order directing payment out of fund; compromise of claims.
5. § 93A‑22. Repayment to fund; automatic sus pension of license.
6. § 93A‑25. Persons ineligible to recover from fund.
7. § 93A‑26. Disciplinary action against licensee.
1. 4.6A: How does the complaint process begin?
1. 4.6B: When Will a Broker Learn that a Complaint Has Been Filed?
1. 4.7: Case Study
1. Case Study Results
1. Section 4: Take Aways
1. Section 4: Quiz
2. Section #4: Passphrase

4-Hour C.E. Credit

$59.00

PPD - Policies & Procedures Disclosure

Instructor's name and contact information

Orientation, Attendance, Class Information & Course Objectives

Student Manual

SECTION ONE: NCREC definition of license and unlicensed assistant

1.2 - license & unlicensed assistant DEFINED

1.3 - Risks with the multitude of "ADMINISTRATIVE POSITIONS" in real estate

1.4: 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

1.6: 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: Completion

SECTION TWO: MLS “Access” Risks: Broker allowing unlicensed assistant to use their username & password.

2.1: Lockbox & Key

2.1A: NCREC Consent order

2.1B: What can an unlicensed Assistant NOT do?

2.2: Scheduling Inspector Showing Appointments

2.3 - BROKER allowing assistants to use their username & password as a non-member

2.4. TEAM Members sharing access with their assistants

2.5: Canopy MLS assistant access levels

2.6: MLS username & password - fines and disciplinary action

2.8: MLS “Square footage” MORE RULES

2.9: NCREC -Disciplinary Action

2.10: NCREC -Consent Order

2.11: NCREC -Consent Order

Section 2: Take Aways

Section 2: Completion

SECTION THREE: Risks Using Unlicensed Assistants - NOT confirming all consumer documentation is executed results in complaints.

3.1: Risks when an unlicensed assistant reviews the paperwork.

3.1A: NCREC Consent order

3.1B: NCREC Consent Order

3.1C: What can an unlicensed assistant NOT do?

3.1D: NCREC Consent order

3.1E: NCREC Consent order

3.1F: NCREC Consent order

3.1G: NCREC Consent Order

3.2 - Risks when an unlicensed assistant does not know contract law.

Section 3: Take Aways

Section 3: Completion

SECTION FOUR: Other Unlicensed Activity, Recovery Fund & Complaint Process

4.0: Unlicensed Activity Defined by NCREC

4.1: Unlicensed Activity - Wholesaler / Wholesaling

4.1A: NCREC Consent Order (Unlicensed entity compensated)

4.1B: PART ONE: NCREC Disciplinary Action (finder's fee, consultation fee)

4.1B: PART TWO: "FINDINGS" NCREC paraphrased transcript - (finder's fee, consultant fee)

4.1B: PART THREE: "RESULTS" from NCREC paraphrased transcript - (finder's fee, consultant fee)

4.1C: NCREC Consent Order (unlicensed activity involving an unlicensed person collecting the DDF).

4.2: Unlicensed Activity: a NC broker vs a SC property and vice versa when “showing property” in the opposite state and is not licensed in the opposite state.

4.3 - Unlicensed Activity: Risks using unlicensed people to perform inspections

4.4: Unlicensed Activity – “Inactive” License

4.5: Real Estate Education & Recovery Fund explained

4.6A: The "complaint process"

4.6B: When Will a Broker Learn that a Complaint Has Been Filed?

4.7: Case Study

4.7: Case Study - RESULTS

Section 4: Take Aways

Section 4: Completion

4-Hour C.E. Credit