mark fagergren's presentation
TRANSCRIPT
October 20, 2009
Mark Fagergren
Licensing/Education Director
Instructor Development Workshop
www.realestate.utah.gov
10-12 Schools Expired!!
Pre-licensing Education ChangesMortgage
Until 12/31/2009 On 01/01/2010
Mortgage Officer 20 Hours – UDRE approved
20 Hours – NMLS approved
40 Hours – UDRE approved
Lending Manager (PLM and ALM)
40 Hours – UDRE approved
40 Hours – UDRE approved
Pre-licensing Education ChangesReal Estate
Until 12/31/2009 On 01/01/2010
Sales Agent 90 Hours
(if enrolled in 2009 licensee has until 3/31/2010 to complete licensing)
120 Hours
Real Estate
Education Waivers
For an education waiver to be valid what conditions must be met?
a) The student has enrolled for 12 hours of Utah law
b) The student has a waiver signed and stamped by the DRE
c) The licensing process must be completed prior to the expiration date of the waiver
d) b and c
e) all of the above
Real Estate
Education Waivers
Important. For an education waiver to be valid:
a) The waiver must be obtained prior to enrolling in a course.
b) The waiver must be signed and date stamped by the DRE.
c) Although education is valid for one year, an education waiver is only valid for 6 months and so the licensing process must occur prior to the expiration date on the waiver.
Real Estate Core Topics
Old Core TopicsState Approved Forms/Contracts
Ethics
Agency
Prevention of Real Estate and Mortgage Fraud
Federal and State Real Estate Laws
Brokers’ Trust Accounts
Note: 6 hours of core required
New Core TopicsState Approved Forms/Contracts
Other Industry Forms $ Contracts
Ethics
Agency
Prevention of Real Estate and Mortgage Fraud
Federal and State Real Estate Laws
Administrative Rules
Brokers’ Trust Accounts
Short Sales or Bank Owned
Property Sales
Property Management
Environmental Hazards
Note: 9 hours of core required
Real Estate Core Topics
If an education provider wants a currently approved CE course to be reevaluated under the expanded list of core subjects what is NOT the correct procedure?
a) Submit a new application (including fee) requesting that the current CE course be considered for Core course approval. If approved by the Division, a new CE course certificate and number will be provided to the provider for distribution to students who attend the course AFTER receiving approval as a core course.
b) At the time of CE course renewal, submit the course for consideration as a core course.
c) Call Tiffeni at the DRE and request Core topic credit.
Appraisal Reminders
•Banking of Education
•Education Roster
•Qualifying Education must have AQB approval and online courses must have IDEC approval
•All CE must be approved
Education can not be duplicated
You may take a course only once in any
renewal period.
Mortgage EducationApprovals
Pre-licensing Continuing Education
2009 DRE – 20 hours DRE – 14 hours
2010 NMLS – 20 hours
DRE – 40 hours
NMLS and DRE
2011 NMLS – 20 hours
DRE – 40 hours
NMLS
Rules, rules, rules….