Latest / #HomeForAll Podcast / Fast Lane Learning - Season 4 Episode 4

Transcript

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

• 0:07
  SPEAKER_01: Hey there, Home for All Podcast listeners, and welcome back to Fast Lane Learning.
• 0:11
  SPEAKER_01: I am Kelly Moss, your host and ACAR's communications director.
• 0:15
  SPEAKER_01: We are taking this course turn by turn and excited to be talking today about what happens after you join a local association, preferably ACAR.
• 0:27
  SPEAKER_01: Fasten your seatbelts for more Fast Lane Learning with bite-sized episodes for those of you who don't always have time for a full-on 30-minute podcast.
• 0:35
  SPEAKER_01: And for those of you who are looking for something really fast, really significant, and really informative.
• 0:52
  SPEAKER_01: Hey, we are on the ramp.
• 0:54
  SPEAKER_01: Welcome back to another episode of Fast Lane Learning.
• 0:57
  SPEAKER_01: I'm your host, Kelly Moss, the communications director here at ACART, and we're taking this course turn by turn and excited to be talking today about what happens after you join your local association.
• 1:09
  SPEAKER_01: Fasten your seatbelts for another great episode packed with bite-sized nuggets of info for those of you who don't always have time for our full-on 30-minute podcast, and for those of you who are looking for something really fast, really significant, and really informative.
• 1:23
  SPEAKER_01: This episode of Fast Lane Learning is going to be a fast and wild ride.
• 1:27
  SPEAKER_01: So buckle up and let's get going.
• 1:52
  SPEAKER_01: Welcome to Fast Lane Learning.
• 2:03
  SPEAKER_01: Okay, we're back today, and we're going to talk about your credits as a realtor and we're going to untangle the ODRE and NAR requirements.
• 2:11
  SPEAKER_01: Joining me again today is Ashley Varner, ACAR's Membership Services and Operations Manager.
• 2:16
  SPEAKER_01: Welcome back, Ashley.
• 2:17
  SPEAKER_01: How are things today?
• 2:19
  SPEAKER_00: Oh, things are great.
• 2:20
  SPEAKER_00: Thanks so much for having me.
• 2:21
  SPEAKER_01: What's happening in the world of membership?
• 2:22
  SPEAKER_00: Oh, just you know, getting ready for our upcoming renewal cycle, uh, doing some planning for heading into 2027 and some of the offerings we're going to be uh introducing to our members next year.
• 2:33
  SPEAKER_01: Living in the middle of construction.
• 2:35
  SPEAKER_00: Yeah, that too.
• 2:36
  SPEAKER_00: There's always that.
• 2:37
  SPEAKER_01: For those of you who don't know, we're in and this may we may be already done by the time this airs, but yeah, we are in the middle of uh a remodel in our office suite.
• 2:46
  SPEAKER_01: So you have to be keeping an eye out for when you can come in and take a peek at that.
• 2:50
  SPEAKER_01: Okay, well, I guess we should get on the road, as it were, and get started.
• 2:54
  SPEAKER_01: We're talking about credits and requirements within ODRE and NAR.
• 2:59
  SPEAKER_01: So what let's start with like what each entity requires.
• 3:03
  SPEAKER_01: Let's go with that.
• 3:04
  SPEAKER_00: Absolutely.
• 3:04
  SPEAKER_00: So this is a great topic because this is a common question that I get in the membership department because these are two totally separate entities with two totally separate uh sets of requirements.
• 3:14
  SPEAKER_00: So let's break those down.
• 3:16
  SPEAKER_00: Um let's start with the NAR and their requirements.
• 3:18
  SPEAKER_00: Um NAR requires all of its members to take a code of ethics course and then also a fair housing course on a three-year cycle.
• 3:27
  SPEAKER_00: So every three years you're going to complete those two classes.
• 3:30
  SPEAKER_00: Uh it's tracked by NAR, it's attached to your membership record, and everyone is tracked on that same three-year cycle.
• 3:37
  SPEAKER_00: Right now we're in a cycle that started on January 1st of 2025, and it's going to end on December 31st of 2027.
• 3:46
  SPEAKER_00: So if you haven't done those two requirements yet, that code of ethics and that fair housing, uh, you've got until the end of 2027 to get those in on time.
• 3:54
  SPEAKER_01: And I know we have some of those I know we have code of ethics coming up here, so it's kind of easy to knock them out if you pay attention to the the um the events page of the ACAR website.
• 4:06
  SPEAKER_00: Absolutely.
• 4:07
  SPEAKER_00: And so then the other piece of this is going to be ODRE and their requirements.
• 4:12
  SPEAKER_00: So that's the Ohio Division of Real Estate.
• 4:13
  SPEAKER_00: It's where you acquired your license, it's where you renew your license.
• 4:16
  SPEAKER_00: If you're a brand new licensee, uh in sometime in that first year of being licensed, you'll be required to complete what's called your 20-hour post-licensing CE.
• 4:27
  SPEAKER_00: And that's only for that first year that you're licensed.
• 4:30
  SPEAKER_00: So you'll go ahead and you'll complete that, you'll renew your license.
• 4:33
  SPEAKER_00: And then after that, you're going to be required to complete 30 hours of CE on a three-year cycle with your renewal for your license.
• 4:42
  SPEAKER_00: All of those dates and all of that's going to be available on the LPI portal.
• 4:48
  SPEAKER_00: That's that license portal that you'll use through the ohio.gov site.
• 4:52
  SPEAKER_00: It's linked directly to the Ohio Division of Real Estate.
• 4:55
  SPEAKER_00: But you'll complete that every three years as well.
• 4:58
  SPEAKER_01: So the next question I know we get a lot, a lot of at this office.
• 5:02
  SPEAKER_01: So it's important that we do address it.
• 5:05
  SPEAKER_01: Why doesn't the NAR cycle follow the realtor's birthday?
• 5:10
  SPEAKER_00: Yeah, so there's a couple of reasons behind this.
• 5:13
  SPEAKER_00: Um, one, it's just simply easier to track all members on the same cycle than it is to divvy it up by birthday at a organization as large as NAR is serving as many members as they serve.
• 5:25
  SPEAKER_00: Um ODRE follows the licensee's birthday.
• 5:30
  SPEAKER_00: Um they're a smaller entity maintaining less folks, and so that makes a little bit more sense to tie it to an important date like a birthday, so that you're remembering when your renewal is happening and when it's due by every year.
• 5:41
  SPEAKER_00: It makes a little more sense to, you know, tie something like a date that you would easily remember to a process that you'll also want to remember to be able to conduct business legally in Ohio.
• 5:51
  SPEAKER_00: The thing that's important to note though is that if you belong to NAR, you are a realtor.
• 5:57
  SPEAKER_00: If you are licensed in the state of Ohio, you are a licensed real estate salesperson until you join an association and become a member of NAR, where you can then use the trademarked phrase Realtor.
• 6:10
  SPEAKER_00: So the important distinction here is that not everyone who holds a real estate license in Ohio is a realtor, and not all of them will be subject to the NAR requirement as well, because they're two completely separate entities.
• 6:23
  SPEAKER_00: You'll have folks that are licensed salespeople that are non-realtor, non-members of associations, and this rule is going to pertain to those folks as well as Realtor members.
• 6:35
  SPEAKER_01: Oh, my love of branding.
• 6:39
  SPEAKER_00: Had to throw that in there.
• 6:40
  SPEAKER_01: Yeah, but it's it's absolutely the truth.
• 6:42
  SPEAKER_01: So um, you know, and and uh there's a lot of misconception in the general public about the, you know, that everyone is just a realtor, though.
• 6:50
  SPEAKER_01: That's the name, you know.
• 6:51
  SPEAKER_01: And so yeah, it's important that we make that distinction.
• 6:54
  SPEAKER_01: Absolutely.
• 6:55
  SPEAKER_01: Let's let's if we can sift through for a second.
• 6:57
  SPEAKER_01: You mentioned code of ethics and fair housing requirements and um a a couple minutes ago.
• 7:03
  SPEAKER_01: Could you talk about like where our members can go to complete those requirements?
• 7:08
  SPEAKER_01: Because I know we offer some of it.
• 7:09
  SPEAKER_00: Absolutely.
• 7:10
  SPEAKER_00: So I think we're your best first line of defense.
• 7:13
  SPEAKER_00: Um, keeping an eye on the ACAR events tab of our website is always a great idea because we're going to throw you opportunities to take these uh required code of ethics and fair housing classes.
• 7:23
  SPEAKER_00: But we're also offering so much these days for CE across a wide variety of topics.
• 7:28
  SPEAKER_00: And of course, as you're acquiring CE credits to meet your ODRE requirements, um, we have those offerings available to you.
• 7:36
  SPEAKER_00: And our professional development staff also has additional resources.
• 7:39
  SPEAKER_00: If you're not able to make an ACAR-specific class, either in person or online, they'll have other um resources for you to be able to get that education piece knocked out.
• 7:49
  SPEAKER_00: You can also hop onto the NAR website too and look at their offerings for either virtual classes to meet your requirements, um, or they'll have other um information regarding associations that are holding code of ethics or fair housing or other opportunities to get your education in.
• 8:05
  SPEAKER_01: That's cool.
• 8:06
  SPEAKER_01: So one last question for this trip.
• 8:08
  SPEAKER_01: Um, where can realtors track their credits and how often should they should somebody be keeping an eye on all of those?
• 8:16
  SPEAKER_01: How often should I check if I'm a realtor?
• 8:19
  SPEAKER_00: Absolutely.
• 8:19
  SPEAKER_00: So I think it's really important to know your license expiration date so it doesn't sneak up on you.
• 8:25
  SPEAKER_00: Um the last thing you want to be doing is finding an online class that you pay for and you click, click, click your way through it so the requirements met the night before you're due, and you go ahead and you resubmit your renewal to the state online.
• 8:36
  SPEAKER_00: Like we don't want you to do that.
• 8:38
  SPEAKER_00: We want you to be able to absorb the information because it is really important information.
• 8:42
  SPEAKER_00: Um That said, you can track your credits by keeping an eye on that LPI portal again.
• 8:48
  SPEAKER_00: That's that place where you go to look up your license expiration date and your renewal date.
• 8:53
  SPEAKER_00: Um, it's also going to have that information too about classes that you've taken and how much credit you've received and when those classes were taken.
• 9:00
  SPEAKER_00: But the only thing that I would caution you to um to be aware of is that part of the process for CE providers is sharing and uploading that information about the classes that you took and completed to the state of Ohio through that division of real estate.
• 9:16
  SPEAKER_00: And sometimes the there's a gap between the reporting process and when you're actually able to view it on that website.
• 9:22
  SPEAKER_00: So I would say if you've taken a class recently, um, you know, think about checking on it a couple of weeks later.
• 9:28
  SPEAKER_00: Go ahead and make sure that it was recorded properly.
• 9:31
  SPEAKER_00: You can always reach out to your CE provider as well if you have questions around obtaining a certificate or when the reporting process has happened at the state level as well.
• 9:40
  SPEAKER_00: But uh think about putting your expiration date in your phone calendar.
• 9:44
  SPEAKER_00: Um put it somewhere you're going to see it and remember it so that it doesn't sneak up on you and you've got enough time to get in all of the classes you need for all of your credits.
• 9:52
  SPEAKER_01: Smart information.
• 9:54
  SPEAKER_01: Well, we have reached our destination safely again, and that's it for today.
• 9:58
  SPEAKER_01: I want to thank Ashley for all of her input in today's episode, and please be sure to join us next week for the next Fast Lane learning installment.
• 10:06
  SPEAKER_01: And until then, drive safely and keep your learning in the fast lane.