Washington Post-Licensing Course: 2020-2021 Current Issues in Washington Residential Real Estate

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Washington Post-Licensing COURSE

Washington Post-Licensing:2020-2021 Current Issues in Washington Residential Real Estate

2020-2021 Current Issues in Washington Residential Real Estate

3.0 Total hours
0.0 Elective hours
3.0 Mandatory hours

The purpose of this course is to inform Washington licensees of recent legislative and industry changes and updates that impact their real estate practice. Staying in touch with shifts in legalities and business procedures is critical to licensees’ abilities to fulfill their statutory obligations to clients and customers and to their overall success.

This three-hour course provides an overview of recent updates to common NWMLS forms and how to use them effectively with consumers, as well as recent legislative changes that have bearing on the real estate profession, from both a practical perspective and a professional perspective. The course also covers updates to the VA loan programs, including the recent Blue Water Navy Vietnam Veterans Act, which had a big impact on those programs. Additionally, the course looks at updates to business and professional standards, including professional and public cooperation, managing brokers’ responsibilities, and best practices related to written offers and multiple offers.

Course highlights include:

  • Recent updates to common and popular NWMLS forms, such as the escalation addendum, evidence of funds addendum, and several others
  • Guidelines for using forms effectively for consumers
  • Revisions to the inspection contingency form and proper procedures
  • Terms of closing and possession
  • VA loan program updates
  • Recent state legislative changes, particularly the important real estate excise tax changes and the business and occupations tax surcharge
  • Alterations to the Landlord-Tenant Act (RLTA)
  • Protected classes at the federal and state level
  • The NAR Code of Ethics professional courtesies, Pathways to Professionalism
  • Rules and regulations aimed at managing brokers and branch managers
  • Written offers and the “timely manner” statutory requirement
  • Best practices in considering and managing multiple offers
  • Activities and examples to seal in the new information and frame it in everyday context