Once a month, RCA puts out some information regarding what's new within the commercial REALTOR world. Here is the latest.
The Commercial Block at the NAR Conference and Expo: ( http://www.realtor.org/commercial/commercial_day .)
Commercial sessions and events are better than ever this year so encourage your members to join in – November 13-16. Commercial has a dedicated area on the exhibition floor where you can relax, get information and visit. There’s a fun interactive event with Nathan Sawaya, the artist who builds LEGO® sculptures. He’ll lead an interactive building project, so tell everyone to stop by Booth # 3025. It’s the center of all things Commercial.
This is BIG!
" At a 5% discount/35% marginal tax rate, if $100K in assets are reclassified from a 39 to a 5-year recovery period, net-present-value savings are about $16K. " This is the kind of information members will hear at the Cost Segregation session at the NAR Conference and Expo in November. Saving a client $16K can’t hurt! Despite these tough times, encourage your members to attend. Paul White, CCIM, CPM, presents “Cost Segregation: Improving Cash Flow/Deferring Taxes” on Nov. 15 from 1:30 till 5 p.m. Advanced C.E. enrollment is required.
Go to http://www.realtor.org/educsess.nsf/PagesLUNew/09confce04 .
PODCAST* RCA Chair Tells It Like It Is!
Bob Toothaker courageously accepted the RCA Committee Chair position in January, 2009 under unexpected circumstances, and you might say it’s been a whirlwind ever since. The unprecedented economic downturn has commercial practitioners hanging on and hoping the market improves soon. In a podcast this month, Bob recounts efforts that he, NAR and RCA have worked on to keep our industry’s key messages before policymakers and Congress. Listen to the impressive work and modest accomplishments that occurred this year and – importantly – what advocacy continues. Follow this link to see the podcast: http://www.realtor.org/commercial/toothaker_podcast
Commercial Professionals Have Interesting Profile
Did you know commercial members completed a median of eight transactions in 2008 with average sales of $2+ million and their median income was about $100K? Plus 52% of members work for a commercial-exclusive firm and 10% saw an increase in international transactions.
Don't forget that the Commercial Mandatory Update is this Wednesday October 28th at 1:00. Cindy Chandler will be the instructor for the four hour required course at the RRAR location at 111 Realtor Way in Cary. Make sure you register today.
Showing posts with label Mandatory Update. Show all posts
Showing posts with label Mandatory Update. Show all posts
Monday, October 26, 2009
Sunday, October 4, 2009
Commercial Mandatory Update
All North Carolina Real Estate agents should be painfully aware that they are required to complete eight hours of continuing education every year. the commission's year starts in July and ends in June.If you have ever forgotten to complete the required classes, you know how stressful it is when your license ends up inactivated until you complete everything you need. I usually tell folks to check your education records on the Commission website in January so you can start planning on when you'll take the classes you need to finish up those eight hours in the allotted time frame.
Everyone needs to take the Mandatory Update. If you're a broker in charge, you'll need the four hour BICAR class, which, between the two, usually finishes off a BIC's requirements for the year. Everyone that is not a BIC needs an additional four hours in an elective of their choosing. What's difficult for commercial brokers is the fact many of the courses offered out there are for the residential REALTOR, meaning,in many instances, you're stuck in a class that really doesn't apply to what you do.
TCAR has always made an effort to bring classes to their members that are based on commercial examples. Every year we try to do the mandatory once in the fall and once in the spring, with a BICAR usually in the winter months and an elective added onto one of the other classes we offer. Hence, on Wednesday October 28th from 1-5 PM, we will be offering the 2010 Commercial Mandatory Update with Cindy Chandler. It is $55 for members and $75 for non-members. Registration can be done either online or by calling the office at 919-228-2588. It will be held at the Raleigh Regional Association of REALTOR building, 111 Realtor Way in Cary.
Cindy always suggest that I tell folks that the commission DOES give credit for this class but they always recommend that you take the residential class. I'm not sure for the reason but I always tell folks that. It's sort of a disclaimer but you get full credit for the Mandatory, so don't worry. As always if there are any questons or issues, please contact me at the office number or you can email me at kimb@tcar.com .
Everyone needs to take the Mandatory Update. If you're a broker in charge, you'll need the four hour BICAR class, which, between the two, usually finishes off a BIC's requirements for the year. Everyone that is not a BIC needs an additional four hours in an elective of their choosing. What's difficult for commercial brokers is the fact many of the courses offered out there are for the residential REALTOR, meaning,in many instances, you're stuck in a class that really doesn't apply to what you do.
TCAR has always made an effort to bring classes to their members that are based on commercial examples. Every year we try to do the mandatory once in the fall and once in the spring, with a BICAR usually in the winter months and an elective added onto one of the other classes we offer. Hence, on Wednesday October 28th from 1-5 PM, we will be offering the 2010 Commercial Mandatory Update with Cindy Chandler. It is $55 for members and $75 for non-members. Registration can be done either online or by calling the office at 919-228-2588. It will be held at the Raleigh Regional Association of REALTOR building, 111 Realtor Way in Cary.
Cindy always suggest that I tell folks that the commission DOES give credit for this class but they always recommend that you take the residential class. I'm not sure for the reason but I always tell folks that. It's sort of a disclaimer but you get full credit for the Mandatory, so don't worry. As always if there are any questons or issues, please contact me at the office number or you can email me at kimb@tcar.com .
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