Get the Facts Weekly Email
Get the Facts is a weekly e-mail newsletter sent to all members and affiliates on Tuesday afternoon. Regular features include the Legal Hotline Q & A of the week, career help resources, real estate news and more. These emails are automatically sent to members so if you're not receiving them, first check your spam folder, then email cara.mcneil@warealtor.org.
Get the Facts 10.17.23
Interested in Becoming a Real Estate Instructor?
We've got just the class for you! This 15.0 clock-hour course satisfies the Department of Licensing's requirement for Instructor Certification Approval.
Train the Trainer is a dynamic two-day course that will help train & prepare you to successfully instruct adult learners, provide techniques on how to deliver information, show how to organize your content, give you tips on what is needed for a successful class, and create great learning experiences.
The Details:
October 25-26th, 2023, 9:00AM- 4:30PM
Washington REALTORS® Conference Room
504 14th Ave SE
Olympia, WA 98501
Revised Agency Law & Forms Updates
Changes to the Real Estate Agency Law (RCW 18.86) are set to take effect on January 1, 2024. Some of these revisions include requiring brokerage services agreements, introducing 'limited dual agent,' and more. NWMLS is adapting listing agreements, purchase and sale forms, and creating resources to keep you informed. Get ready for these changes by reviewing the NWMLS Legal Bulletin 224 and SAMPLE forms today.
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White House Announces New Actions on Homeownership
The Biden-Harris Administration has committed to expanding access to homeownership, declaring several action items that you'll find relevant to your business. These actions include allowing homebuyers to leverage income from Accessory Dwelling Units (ADUs), increasing mortgage opportunities for Tribes, ensuring innovative homeownership models can work, making home repairs easier to finance, helping homeowners know their rights and remain in their homes & assisting homeowners who have fallen behind on their mortgages.
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Navigating the Burnett v. NAR Trial: Resources and Reminders
In light of the ongoing Burnett v. NAR trial, WR wants to highlight the importance of staying informed while also avoiding undue alarm amidst the deluge of media reports. NAR President, Tracy Kasper, has shared some explainer resources including FAQs & reminders to ensure that we remain focused and united as we navigate these uncertain times.
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Informative Q & A Regarding the Impact of Middle Housing Legislation on Appraisers
Under HB 1110, certain cities must allow up to 6 dwelling units in areas close to transit, and 2-4 dwelling units in other areas. HB 1337 requires cities to allow at least 2 ADUs on all residential lots. These laws mean that cities must allow more housing units to be built – parcels that now could have only one single-family detached house could in the future have 5 or more residential dwelling units. This important change in local zoning to allow more housing will require all sectors of the real estate industry to adjust – this means lenders, appraisers, and REALTORS® as well. Read the full Q&A to learn more about how you may be affected in your business.
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Operation Evolve: Revising Agency Law and Industry Practices
As you probably already know, Agency Law changes will be implemented in January of 2024. The revisions will necessitate significant change for most brokers in their delivery of services to clients. This 3.5 CE class taught by WR Legal Hotline Lawyer, Annie Fitzsimmons, will help prepare you for these changes. If you fail to prepare for the changes coming in January 2024, prepare to suffer financial, legal and/or regulatory difficulty. This class is intended to give you the information you need to empower change so that you not only avoid difficulty but so that you embrace the change to achieve greater success than before.
The Details:
November 28th, 2023, 9:00AM- 12:30PM
Virtual Class
Register Here
Legal Hotline Q & A
Q & A of the Week 10.17.23