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Current Issues in Washington Residential Real Estate (2020-2021)

Washington CE 3 Hours Online Course Current Trends & Issues

Required continuing education course for real estate license renewal in Washington

This 3-hour Washington real estate course is required for all real estate license renewals by the Washington Department of Licensing. Enroll today!
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This is a 3-hour "core" course is required for real estate license renewal by the Washington Department of Licensing (DOL). The topics outlined by the DOL include updates and clauses used in real estate forms, a list of upcoming law changes and a review of existing laws, and an examination of business practices the DOL finds to have been neglected during their reviews of licensee behaviors.

Summary

Price: NO CHARGE
Hours: 3 Hours
Category: Real Estate > Continuing Education > Washington > Current Trends & Issues
Purpose: Required continuing education course for real estate license renewal in Washington
Features: online text, printable certificate, PDF eBook

Courses Provided By:

OnlineEd
7405 SW Beveland Rd,
Portland, OR 97223
(503) 670-9278
mail@onlineed.com

Student Handbook:

Current Issues in Washington Residential Real Estate (2020-2021)

Course ID: C0020CORE2021

Hours Provided: 3

Category: Current Trends & Issues

View Course Syllabus

The Washington Department of Licensing (DOL) mandates that real estate brokers in Washington are required to take a law update course at license renewal to ensure they are current on the issues facing licensees practicing real estate within the state. This course covers many important topics that a real estate broker should be aware of such as the latest Washington RCW changes, a reminder of professional cooperation between licensees, common issues with real estate forms, VA loan issues, and additional topics.

Topics and Learning Objectives

This course will address the following topics.

  1. Forms and Loan Program Updates
  2. Legislative Update
  3. Business Practices Update and Professional Standards

Chapter 1: Forms and Loan Program Updates

The Washington Department of Licensing (DOL) has identified a number of issues relating to real estate residential sale agreements forms and clauses that can potentially cause issues for practicing agents. In this chapter we are going to identify some of these issues and discuss the problems these clauses present to the practicing agent as well as best practices to deal with these issues.

After you have completed this chapter you will be able to:

  • Identify and discuss the forms that are currently causing issues for agents in the field
  • Effectively utilize escalation clauses, evidence of funds, and inspection clauses in a residential real estate transaction
  • Describe the complexity of a buyer selling their current house to purchase the seller's property
  • Review information relating to time frames for closing and possession.
  • Identify recent updates to the Department of Veterans Affairs VA Home Loan program

Chapter 2: Legislative Update

Real estate brokers have to comply with numerous legal requirements, including licensing laws and their fiduciary duties to clients,. This section will first look at the updated excise tax being implemented on the sale of real property in the state and the properties that may be exempt from the transfer tax. We'll then outline the Business & Occupation tax, review the categories of individuals who are protected from discrimination, and identify new regulations in landlord/tenant law.

After you have completed this chapter you will be able to:

  • Describe the changes to the real estate tax structure
  • Know what services are affected by new Business & Occupation (B&O) tax legislation
  • Identify Protected Classes under federal and Washington law
  • Know the current timely notice requirements under updated Landlord Tenant laws

Chapter 3: Business Practices Update

This chapter will review several business practices that should be complied with to protect oneself from legal liability. This chapter will summarize the professional cooperation behavior between licensees and the public by reviewing the National Association of REALTORS® Pathways to Professionalism. We'll also outline a managing broker's responsibilities, remind students about their responsibility to present real estate purchase offers in a timely manner, and best practices for handling multiple offers.

After completing this chapter, you will be able to:

  • Understand and recognize the value of professional cooperation with regards to the NAR Pathways to Professionalism.
  • Describe Managing Broker responsibilities as both a firm manager, a branch manager, and a team leader.
  • Know what is meant by the RCW 18.86.030(1)(c) term “Timely presentation of all written offers.”
  • Identify for yourself and your client available options, strategies, risks, legal complications, and best practices in multiple offer scenarios.

Course Completion Requirements

The course will take approximately 3 clock hours to complete.

Students must complete all reading assignments and pass incremental assessments to make progress. Students will be logged out of the course if they are not actively engaged with the course for 10 minutes.

Completion of the course requires passing a final examination of 10 multiple choice questions with a minimum score of 70%. Students that fail a final exam may retake the final exam as many times as needed to pass, and a different set of questions will be presented each time the student attempts the exam. Students are required to study for the required clock hours before being able to access the final exam.

After successfully passing the final exam, a course completion certificate will be available for the students to download and keep for their continuing education records.

This school is approved under chapter 18.85 RCW; inquiries regarding this or any other real estate school may be made to the: Washington State Department of Licensing, Real Estate Program, P.O. Box 9015, Olympia, Washington 98507-9015

This course will remain available to students for 730 days after enrollment.

Our Mission Statement

To provide superior distance education that exceeds industry standards and expectations in course content and delivery methods to those who seek to enter a new profession and those engaged in a profession.