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Transcript

Fast Lane Learning - Season 4 Episode 1 · #HomeForAll Podcast

• 0:18
  SPEAKER_00: Welcome back, Home for All Podcast listeners.
• 0:21
  SPEAKER_00: I am Kelly Moss, your ACAR Communications Director, and I am here to announce a huge return to ACAR's Fast Lane Learning Podcast.
• 0:30
  SPEAKER_00: We are incredibly excited to be back with a new series of ACAR's Fast Lane Learning mini podcasts that will be coming to you over the next uh few weeks, actually the next 10 weeks, because there will be 10 episodes.
• 0:45
  SPEAKER_00: So fasten your seat belts for another season of bite-sized episodes for those of you who don't always have time for our full uh full-on 30-minute podcast.
• 0:55
  SPEAKER_00: And for those of you who are looking for something really fast, significant, and informative.
• 1:01
  SPEAKER_00: This season we'll cover everything you need to know as a continuing andor renewing member of ACAR.
• 1:07
  SPEAKER_00: You'll learn the answers to some important questions that will come up in your day-to-day business of doing business.
• 1:14
  SPEAKER_00: This season, our guest for Fast Lane Learning is ACAR's membership services and operations manager, Ashley Varner, and she's bringing the info with her.
• 1:26
  SPEAKER_00: Fast Lane Learning is going to be a fast and wild ride, so buckle up and let's get going.
• 1:46
  SPEAKER_00: As I mentioned in the opener, we're back for another season of Fast Lane Learning.
• 1:50
  SPEAKER_00: Today we're going to start this series by discussing status with today's kickoff guest, ACARS Membership Services and Operations Manager, Ashley Varner.
• 2:02
  SPEAKER_00: Welcome to you, Ashley.
• 2:03
  SPEAKER_00: It's great to have you here.
• 2:04
  SPEAKER_00: Thanks so much for having me, Kelly.
• 2:05
  SPEAKER_00: I'm really excited to be here.
• 2:06
  SPEAKER_00: Well, let's get into today's topic, and we're talking about status.
• 2:11
  SPEAKER_00: Um, let's untangle the status levels at the Ohio Division of Real Estate, which we will be heretofore referring to as ODRE.
• 2:19
  SPEAKER_00: Uh active versus inactive referral holding.
• 2:24
  SPEAKER_00: Let's let's dig into these and talk about what statuses someone's license can have with ODRE and what what are the realtors' responsibilities with each one?
• 2:33
  SPEAKER_01: Yeah, that's a great question, Kelly.
• 2:35
  SPEAKER_01: Um there are plenty of statuses that a licensee can have with the Ohio Division of Real Estate with ODRE.
• 2:41
  SPEAKER_01: Um, some of these are going to include inactive, active, suspended, or revoked.
• 2:46
  SPEAKER_01: Um let's go through these real quick.
• 2:48
  SPEAKER_01: Inactive means that your license is not currently active with the Division of Real Estate.
• 2:52
  SPEAKER_01: You are not legally able to perform real estate activity in the state of Ohio when your license is inactive.
• 2:59
  SPEAKER_01: Suspended status, of course, is exactly what it says.
• 3:01
  SPEAKER_01: Your license may be suspended either due to disciplinary reasons or because you may not have renewed it or completed your continuing education required by the state in time.
• 3:11
  SPEAKER_01: Uh revoked, meaning there may have been disciplinary action against you.
• 3:15
  SPEAKER_01: You may not be eligible to have your license reinstated.
• 3:18
  SPEAKER_01: And of course, active, meaning you can legally perform real estate activity in the state of Ohio.
• 3:23
  SPEAKER_01: So one that I want to untangle is referral or holding.
• 3:27
  SPEAKER_01: You may hear an agent say that they are moving their license into referrals, into holding.
• 3:33
  SPEAKER_01: And what that basically means is the license itself is in active status with the state of Ohio at ODRE.
• 3:40
  SPEAKER_01: And the difference between being in a referral or a holding company and being at an active realtor brokerage is that while you're in that referral or holding status, your license is going to show up as active, but you're actually not required to hold membership with a realtor association at that time.
• 3:58
  SPEAKER_01: You won't owe any association fees for the year, but to keep your license in that active status, you're still going to need to perform your state-required continuing education, and you'll still need to renew your license in a timely manner as well.
• 4:13
  SPEAKER_00: Wow.
• 4:14
  SPEAKER_00: So is and I'm I have two more questions for this particular topic, but I'm gonna actually reverse the order that I have them in because it it makes much more sense to me.
• 4:26
  SPEAKER_00: Is there a place that's easy for realtors to find, you know, someplace they can go to check?
• 4:33
  SPEAKER_01: Yeah, so uh ODRE has a great resource.
• 4:36
  SPEAKER_01: It's the LPI portal.
• 4:37
  SPEAKER_01: You might know it if you've been recently licensed or if you've hopped onto the LPI portal recently to claim your Ohio license.
• 4:44
  SPEAKER_01: There is a license lookup tool you can punch in any combination of your name, your license, number, and be able to find out quickly and easily what status you are in, what dates are around your effective date, so when your license uh became effective with ODRE, also your upcoming expiration dates for when you'll need to renew and when you are continuing education is due to ODRE.
• 5:08
  SPEAKER_00: So you just mentioned um claiming your license too, and I I'm 90% sure we're doing, we're gonna talk about that in another episode, but for just for quick purposes, it's important that they claim their license, correct?
• 5:22
  SPEAKER_01: Absolutely.
• 5:22
  SPEAKER_01: Um claiming your license was a large initiative with Ohio's Division of Real Estate last year in 2025.
• 5:29
  SPEAKER_01: Uh they rolled out a new tool to kind of streamline some of the processes licenses and brokers use to uh conduct business, one of which is just verifying that the license matches up to the person it really belongs to.
• 5:41
  SPEAKER_01: So claiming your license is something that you can do on that LPI portal just to make sure that you are who you say you are, but also so that you can verify information like your status and your continuing education progress.
• 5:54
  SPEAKER_00: So, can we take a quick moment to uh address like how to change your status within ODRE?
• 6:00
  SPEAKER_00: So, if I want to go, if I'm a realtor and I want to go from inactive to active, what do I do to do that?
• 6:06
  SPEAKER_00: Sure.
• 6:07
  SPEAKER_01: So one of the things that comes up first and foremost with this is your association does not have the power to change your license status.
• 6:16
  SPEAKER_01: We at ACAR cannot have your license uh moved from active to any other status.
• 6:22
  SPEAKER_01: That actually happens through your brokerage.
• 6:24
  SPEAKER_01: Your broker has the ability to affiliate your license to their brokerage, meaning they are supervising you as the licensee, they are the broker supervising your license, or they can unaffiliate, meaning they return your license to ODRE, you're not affiliated with their brokerage anymore.
• 6:41
  SPEAKER_01: And when you're unaffiliated, you'll go into inactive status automatically with ODRE.
• 6:46
  SPEAKER_01: If we're talking about going to inactive status voluntarily, that's a conversation to have with your broker, as they'll be the one that goes ahead and unaffiliates your license with their brokerage.
• 6:56
  SPEAKER_01: But if you're going back into active status, coming back from being inactive, you'll first need to find a brokerage that you're going to affiliate with.
• 7:03
  SPEAKER_01: Their broker will have to acquire your license.
• 7:06
  SPEAKER_01: And you'll also need to reactivate with ODRE first.
• 7:10
  SPEAKER_01: It's important to note that that's the very first step.
• 7:12
  SPEAKER_01: They have forms for reactivation available on their website, and you'll go ahead and complete that process first.
• 7:18
  SPEAKER_01: Then once you're back in active status, you'll be able to reach out to your association for next steps on rejoining as a member.
• 7:25
  SPEAKER_01: Most of the time, this is going to look like completing an application for reinstatement with us.
• 7:30
  SPEAKER_01: Or if you've been out for more than one calendar year and did not pay the previous year's dues, then we would discuss whether you qualify to be readmitted as a new member, paying prorated fees for your uh rejoining of the association.
• 7:44
  SPEAKER_00: Wow, lots of information.
• 7:46
  SPEAKER_00: So in such a short little window, I love, I love this format.
• 7:50
  SPEAKER_00: I absolutely love this format.
• 7:52
  SPEAKER_00: So we've reached our destination, and that's it for today.
• 7:55
  SPEAKER_00: I want to thank Ashley for her insight and input for today's episode.
• 7:59
  SPEAKER_00: Please be sure to join us next week for the next Fast Lane Learning installment.
• 8:04
  SPEAKER_00: And until then, drive safely and keep your learning in the Fast Lane.