The Midwest’s Hot Housing Market

The Midwest is experiencing major changes in the Real Estate Market. Prices are rising and days on the market are falling. Millennials are entering their peak homeownership years, favoring urban properties close to their workplace with amenities and activities for their off hours.

Money-minded millennials and others looking to cut commutes and take advantage of the region’s relatively affordable real estate are moving into parts of Chicago, Columbus, St. Louis, and other Midwestern cities. People are interested in homes where it is easy to get to and from work but also have much to offer when they are not at work.

Median sale prices are on the rise in many up-and-coming urban areas. Experts expect millennials to keep moving in, especially considering the Midwest still offers bargain buys when compared with the East and West coasts. Much of the growth in local neighborhoods is due to the ever-growing number of developments with restaurants, shops, and leisure spaces, making the choice to move into these areas an easy one!

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Cease and Desist “Blockbusting” in Chestnut Ridge, New York

Chestnut Ridge homeowners have long complained of a daily assault by real estate agents to sell, sell, sell. Now, the state will take steps to stop it. On May 21, 2018, the Department of State filed a cease and desist zone for the Rockland County Village of Chestnut Ridge. The regulation goes into effect on July 1, 2018, and expires on July 1, 2023.

Such a zone can be implemented only if the Secretary determines that homeowners have been subjected to intimidation tactics to get them to sell. Such intimidation often includes the implication that property values will go down due to changes taking place within the community. But some homeowners said that things have gotten out of control, and they've felt threatened, calling the real estate activity "blockbusting." This term was originally used to refer to real estate agents' tactics in the 1950s to induce property owners to sell hastily at reduced prices out of fear that racial minorities would soon be moving into their neighborhoods. The Village of Chestnut Ridge and surrounding areas are in the midst of a hot real estate market. Officials decided to establish a cease-and-desist zone after hearing complaints of residents being approached in their homes, their driveways, and at the back door, by people wanting to buy their homes.

Establishing a cease-and-desist zone is rare, with only two other zones currently in existence. But unusual doesn't mean unnecessary. Homeowners are entitled to enjoy peace within the boundaries of their property. The village is offering residents decals warning solicitors to stay away. While the zone is in effect, it will be unlawful for any licensed real estate broker, salesperson, or any other person regularly engaged in the business of buying and selling a property to solicit a homeowner within a zone that has filed a notice requesting not to receive such solicitations. A list of homeowners that have filed such statements will be available on the Department of State's website. Sending solicitations to a homeowner that has registered with the Department can result in monetary fines, suspension or revocation of licensure. If necessary, enforcement proceedings will commence after October 1, 2018.


DO YOU NEED TO RENEW YOUR REAL ESTATE LICENSE?
We provide state-approved online video courses for license renewal.

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Minnesota Real Estate Continuing Education

How do I renew my Minnesota real estate license?

It is the Primary Broker’s responsibility to renew all of the licenses that are due for the renewal: Electronic renewal application, renewal documents, and payments must be received by the MN Department of Commerce before 4:30 PM Central Time on June 30th of the applicable renewal year. The mass renewal can be done online at www.pulseportal.com.

What is the fee for renewing my Minnesota real estate license?

$60 | Salesperson
$120 | Broker or Limited Broker

What are the Minnesota Real Estate Continuing Education Requirements?

Salespersons and Brokers in Minnesota are required to complete 15 hours of continuing education each year, for a total of 30 hours each licensing cycle. Included in that 15 hours per year, each licensee must complete the current year 3.75-hour required module.

Do you report my continuing education to Minnesota Department of Commerce?

Yes. We will report your continuing education to the Minnesota Department of Commerce. Courses are usually submitted three times per week and can take 24-48 hours to be reflected in your online profile.

How long do I have to complete my courses after I purchase them?

Individual courses are available for six months from the date of purchase. The purchase of a package will give you access to the coursework for the full length of your licensing cycle (2 years).

Where can I find Minnesota real estate continuing education?

Real Estate Training Institute offers Minnesota approved online continuing education courses available in video or full narration. These courses are available 24/7 from any internet capable device so you can complete your continuing education on your own time.

ONLINE MINNESOTA APPROVED REAL ESTATE CONTINUING EDUCATION

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Washington Real Estate Renewal

How do I renew my Washington real estate broker license?
Washington brokers must renew their license every 2 years on the anniversary of licensure. You will be eligible to renew your license 120 days before your license expires.

  1. Complete 30 hours of continuing education
    Including a 3-hour core course
  2. Pay the $146.25 renewal fee with a Visa, MasterCard, American Express or debit card
  3. Renew your license online

Where do I find approved Washington real estate broker continuing education?
Real Estate Training Institute offers approved online continuing education courses for Washington brokers. Courses are mobile friendly and available 24/7 on any internet capable device. After completing each course, brokers will be able to print certificates of completion to mail to the state and keep for their own records.

What happens if I am late renewing my Washington broker license?
You will be charged a late fee of $26.50.


 

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