October 7, 2024
Washington's new real estate laws are here. Are you prepared? These crucial updates redefine how brokers must handle conflicts of interest across different agency relationships. Stay ahead of the curve and ensure you're compliant by diving into our comprehensive guide!
View Blog EntryDecember 10, 2024
In order to determine if a borrower has the financial ability to afford a home, a mortgage lender will issue a loan qualification letter. There are two types of letters a mortgage lender will give to the buyer, and they are not created equal.
View Blog EntryOctober 2, 2024
Attention Washington Brokers and Aspiring Brokers: NWMLS has released pivotal updates to the Purchase and Sale Agreements, Buyer Brokerage Services Agreement, and Escalation Addendum. These changes could dramatically reshape your transaction processes and negotiation tactics. Stay ahead of the curve and discover how these revisions impact you and how RealEstateSchool.org can help you navigate them!
View Blog EntryOctober 2, 2024
Attention Sellers and Brokers: NWMLS has unveiled major revisions to its listing agreements, transforming how buyer broker compensation is handled. These updates offer sellers more flexibility and transparency, potentially impacting your next real estate transaction. Read on to discover how these changes could affect you.
View Blog EntrySeptember 27, 2024
Unlock the secrets to effective and compliant real estate advertising in Washington State! Learn the 7 essential guidelines every broker must know to build trust, avoid legal pitfalls, and enhance your marketing impact. Click to discover how mastering these rules can elevate your real estate career to new heights.
View Blog EntrySeptember 26, 2024
Want to elevate your real estate career in Washington State? Our latest blog post unveils the essentials of impeccable record-keeping'”from legal requirements and storage solutions to the key documents every broker must maintain. Dive in to ensure you're not just compliant but also ahead of the game!
September 24, 2024
This essential guide breaks down 25 common license law violations, as outlined in the Revised Code of Washington (RCW), complete with real-world examples. Learn how to navigate legal pitfalls, understand your responsibilities, and uphold the highest standards of professional integrity. Click to read the full article and ensure you're operating within the law.
View Blog EntrySeptember 24, 2024
In the following blog article, learn about the important considerations to hiring an unlicensed assistant in your brokerage.
View Blog EntryApril 5, 2024
In the digital age, real estate brokers in Washington State face unique challenges and opportunities. The shift from traditional methods to online platforms for marketing and communication requires a nuanced understanding of compliance within the digital landscape,
particularly concerning real estate license laws.
April 26, 2023
In today's competitive real estate market, standing out from the crowd is crucial to success. One of the most effective ways to differentiate yourself is through personal branding. By crafting a unique and recognizable brand identity, real estate professionals can distinguish themselves and connect with clients on a personal level. This blog post will guide you through the process of creating a powerful personal brand to elevate your career.
View Blog EntryApril 26, 2023
Paying off a loan early can be an attractive option for borrowers seeking to save on interest payments, especially in an era of digital transactions and instant payments. However, many borrowers may not be aware of prepayment penalties that can be imposed by lenders if a loan is paid off earlier than the agreed-upon term. This blog post aims to demystify prepayment penalties and provide essential information that every borrower needs to know before considering an early loan payoff.
View Blog EntryApril 18, 2023
It's important brokers notify all parties when you are acting as a principal in a transaction. That means when acting as a buyer, seller, landlord or leasee.
View Blog EntryApril 18, 2023
This short series provides the background necessary to get a full understanding of all the different types of estates in land. Estates in land is one of the most difficult topics for brokers when taking their license exam for the first time. We start with an overview including a chart to help understand the hierarchy of estates in land and get them organized in our heads. After addressing the overall picture, we dive into each of the subcategories, providing examples for each type of estate and getting a grasp on all the important vocabulary.
View Blog EntryApril 24, 2023
Brokers are limited in their allowed actions when representing clients and should use caution to only operate within their area of expertise. This video provides a summary of what this means to managing brokers and brokers in Washington state as well as the legal background.
View Blog EntryApril 18, 2023
Contextualizing the 1968 Fair Housing Act is important to understand the need for the landmark legislation
View Blog EntryApril 18, 2023
Escalation clauses are critial to help clients get into properties in multiple offer situations. Understanding how they work is also important to correctly evaluate which offer is superior when you represent a seller as a listing broker.
View Blog EntryApril 18, 2023
Lenders require appraisals to value the collateral that is being pledged for the loan. If that appraisal comes in below the price the buyer agreed to pay, what happens?
View Blog EntryApril 18, 2023
Don't get fenced in: Understanding Washington State's boundary fencing laws can save you from a legal nightmare! This blog post explains everything you need to know about reimbursement, erection, hog fencing, and how to avoid spiteful fence disputes with your neighbors.
View Blog EntryMarch 15, 2023
Discover how to become a licensed real estate agent in Washington State with our ultimate guide. From qualifications to step-by-step instructions, we've got you covered on your journey to a successful real estate career.
View Blog EntryMay 18, 2022
An introduction to many available loan types
View Blog EntryJanuary 24, 2017
There are two types of licenses in Washington state, Broker and Managing Broker. This video provides a brief overview of the two licenses and the different jobs you can do with each.
View Blog EntryAugust 7, 2016
In this interview with Don Sr, our lead instructor he outlines important details about the Washington state brokers exam.
View Blog EntryFebruary 3, 2018
In a mortgage contract there is a subordination clause which details how if the property is sold to satisfy debts, who gets paid back first.
View Blog EntryAugust 7, 2016
Life estates are when rights to a property are transferred for the lifetime of one or more persons. There are a number of vocabulary terms that are important to remember and this video covers the basics of the vocabulary and understanding of life estates.
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