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As a dedicated real estate professional, staying informed about training requirements is crucial.
For brokers who choose to become REALTORS®, there are specific triennial training requirements that are essential to maintaining membership and are separate from the Continuing Education (CE) requirements mandated by the North Carolina Real Estate Commission. This article aims to clarify these requirements and how our courses can help you meet them without any confusion.
Triennial Training Requirements
Every three years, brokers who are REALTORS® must complete certain training to maintain their REALTOR® status. The current training cycle (Cycle 7) runs from January 1, 2022, to December 31, 2024. The required training focuses on the REALTOR® Code of Ethics, a cornerstone of REALTOR® membership, which promotes professionalism and ethical real estate practices.
The National Association of REALTORS® (NAR) adopted a new requirement concerning Fair Housing training at the 2023 Midyear Conference. This requirement will be applicable in the next training cycle (Cycle 8), from January 1, 2025, to December 31, 2027. For the current cycle, the only mandatory training is the Code of Ethics, which must be completed by December 31, 2024.
Our Courses Designed to Meet These Requirements
At our school, we offer tailored courses that are not only designed to fulfill these REALTOR® requirements but also provide CE credit:
Live Online: Everyday Ethics Violations: This course addresses common ethical breaches and provides practical advice on adhering to the REALTOR® Code of Ethics. Available in a live online format, it's perfect for interactive learners. Learn more and enroll here.
Self-Paced: Everyday Ethical Violations: For those who prefer studying at their own pace, this course covers similar content to its live counterpart, focusing on ethical violations and preventive strategies. Sign up here.
Self-Paced: Housing Harmony: Navigating Diversity in Real Estate: Although the Fair Housing training requirement starts in the next cycle, our newest CE course is designed to fulfill these requirements. Preparing ahead can give REALTORS® a significant advantage. Feel free to check out our new course now, but your REALTOR® board may not give you credit if you take it before 1/1/25. This course also counts for 4 hours of elective CE credit. Enroll here.
Reporting Requirements
Upon completing any of our courses, we will report your achievement to the North Carolina Real Estate Commission (NCREC) for CE credit. However, meeting REALTOR® training requirements may depend on the acceptance policies of individual boards/associations. We recommend verifying acceptance of our courses with your board/association before enrollment if your primary goal is fulfilling REALTOR® training requirements.
REALTOR® training completions must be self-reported to your local REALTOR® board. Typically, this involves sending your course certificate to the member services department of your affiliated REALTOR® board, which will update your status in the national database. You can check your current training status by clicking here to access your M1/(NRDS) account by clicking on "Check Code of Ethics Status" and looking under the "Education" tab after logging in.
Failure to Meet These REALTOR® Requirements
It's crucial to meet these training requirements within the designated cycles. Failure to comply by the end of a cycle results in a membership suspension for the first two months of the following year. If the requirement is still unmet by March 1st, the membership will be automatically terminated.
By understanding and adhering to these training requirements, REALTORS® can ensure they remain compliant and uphold the standards of professionalism and ethics that define their role in the real estate industry. Our courses are designed to help you meet these requirements efficiently and effectively, ensuring you stay informed, ethical, and compliant.
How do you feel about the new Fair Housing Training Requirement? Let us know in the comments or share with a colleague in an upcoming CE Class!