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Member Updates
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We Need Your Help Washington REALTORS®!
We're calling on every Washington REALTOR® member to contribute just $15 toward RRF’s mission to provide financial relief to victims when disaster strikes. Help us reach our goal of 260 donations before December 1st by texting “TEAMRRF” to 71777 and making a minimum $15 donation!
Since its founding nearly 25 years ago, the REALTOR® Relief Foundation (RRF) has provided critical support to families affected by natural disasters (not just REALTORS®), with Washington alone benefiting from four RRF grants totaling over $500,000. What makes RRF unique is that 100% of donations go directly to those in need, so let's rally together and show RRF what Washington REALTORS® can do to support a good cause!
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Learn More →
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REGISTER ASAP!
Don't Miss the Residential Insurance Issues Impacting Homeowners & REALTORS® Webinar!
Is your clients' insurance at risk? If you’re seeing canceled policies, non-renewals, or steep cost increases for property insurance, you’re not alone. Washington REALTORS® is hosting a webinar to address the mounting challenges in the residential insurance market. Join us virtually on Thursday, November 21st from 10:00am-11:30am to learn what’s driving these changes and what to expect going forward.
Experts from the Office of Insurance Commissioner, the National Association of REALTORS®, and the insurance industry will provide updates and answer your questions. This webinar is critical for REALTORS® looking to stay informed and for homeowners facing insurance difficulties.
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Register Here →
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REALTORS® TO THE RESCUE!
How You Can Help Home Buyers Save on Utility Bills
As real estate pros, you have the unique opportunity to help home buyers tackle one of the biggest ongoing costs of homeownership: utility bills. This NAR article details practical strategies for reducing energy expenses, from recommending energy audits to implementing cost-effective upgrades like air sealing and insulation.
Learn how these tips can not only save your clients money, but also enhance your reputation as a resourceful & knowledgeable REALTOR®!
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Learn More →
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You Only Have 42 Days to Complete the Required Code of Ethics Training
Don't miss your chance! Join us on November 21st from 9:30AM-12:30PM for the virtual Code of Ethics course with Terry Eccles-Pettet for just $10/REALTOR®!
Not sure if you've fulfilled the training requirement? Visit our COE Training page to confirm your status, read FAQs, or register for NAR's complimentary course for all members. Have questions? Email us at educationservices@warealtor.org, we're here to help!
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COE Training →
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DOL Accepting Applications for Audit Supervisor Position (BPA4)
The Department of Licensing's Centralized Investigations & Audits Unit (CIAU) is currently looking for an Audit Supervisor of Real Estate Licensees and Business Owners. If you would enjoy motivating a skilled team from a distance and reviewing reports for inconsistencies, they invite you to apply! Please note this position was recently reopened with new qualifications, see the full posting for more details.
They suggest you apply quickly, the posting may close at any time!
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Apply Here & Learn More →
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WASHINGTON REALTORS® LEGAL HOTLINE VIDEO
Did You Catch the Latest Video Update?
In case you missed last Friday's Legal Hotline video update, WR Legal Hotline Lawyer Annie Fitzsimmons discussed what happens when a Buyer Broker goes on vacation or is just plain unavailable to show their clients' property in a certain timeframe.
Tune in to learn how another broker stepping in could impact your Buyer Brokerage Service Agreement (BBSA)!
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Watch Here →
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Did You Know?
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All NAR Designation & Certification Online Courses are 20% off This November!
Don't forget, November is Designation Awareness Month!
Throughout November, NAR will be offering 20% discounts on all online Designation and Certification courses. Check it out & don't miss your chance to add another designation (or two) to your growing list of expertise!
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Learn More→
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Legal Hotline Q&A of the Week
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Question
In the 22EF (Evidence of Funds addendum), section 1c, mid-paragraph, can you please clarify "and for which there is no contingency"? Does it refer to 22Q and 22B?
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Answer
The language refers to any funds that buyer must pay at closing and for which buyer's obligation to pay those funds is already protected by another contingency. For example, buyer could have a Form 22B (home sale contingency) or Form 22Q (pending sale contingency) protecting buyer's obligations related to funds that will be generated from the sale and closing of real estate owned by buyer. Buyer could also have a Form 22A (financing contingency) protecting buyer's obligations related to funds that will be generated from buyer's financing. Those are typically the forms, from the statewide forms system, creating a contingency protecting buyer's financial obligations at closing. If buyer has any of those forms in the transaction, buyer should NOT use Form 22EF (Evidence of Funds addendum) to disclose buyer's reliance on the same source of funds. Said differently, if buyer has a Form 22B or 22Q protecting buyer's obligations related to funds coming from the sale of real estate, buyer should not disclose those same funds in the Form 22EF and if buyer has a Form 22A protecting buyer's obligations related to financed funds, buyer should not disclose those same funds in the Form 22EF.
It is possible, however, that buyer will be relying on funds from the sale of real property and include a Form 22B in the transaction while at the same time relying on a gift from a family member. In that case, buyer would include the Form 22B as it relates to the sale of the real estate and also include a Form 22EF, disclosing the gift funds.
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Printable PDF →
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The Legal Hotline Lawyer does not represent Washington REALTORS® or its members. The advice contained herein does not constitute legal counsel. To browse through our database of past Q & A’s, visit warealtor.org/legal-hotline. Attorney Annie Fitzsimmons writes the Legal Hotline Question and Answer of the Week. This is a WR members-only benefit so you will be prompted to log in with your M1 number and password. Your Designated Broker is cc’d on Legal Hotline inquiries.
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EDUCATION OPPORTUNITIES
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Complete Your Code of Ethics Education Before Dec. 31st!
Current Cycle: January 1, 2022 to December 31, 2024
As required for REALTOR® membership, all REALTORS® must complete at least 2.5 hours of ethics training that meets specific learning objectives and criteria. The current cycle deadline is Dec. 31, 2024. Why wait? Check your status and view training options today.
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Learn More→
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NAR Code of Ethics - 3.0
Wednesday, November 20th, 2024 (9:00am-12:00pm) 3.0 CE Hours
Live Webinar
Learn More & Register
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Water Rights & Water Supply Issues for REALTORS® - 3.0
Wednesday, November 20th, 2024 (1:30pm-5:00pm) 3.5 CE Hours
Holiday Inn & Suites, Bellingham, WA.
Learn More & Register
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NAR Code of Ethics- 3.0
Thursday, November 21st, 2024 (9:30am-12:30pm) 3.0 CE Hours
Live Webinar
Learn More & Register
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Demystifying the Appraisal for Real Estate Brokers - 3.0
Thursday, November 21st, 2024 (10:00am-1:00pm) 3.0 CE Hours
Thurston County Association of REALTORS®, Olympia, WA.
Learn More & Register
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NAR Code of Ethics - 3.0
Friday, November 22nd, 2024 (9:00am-12:00pm) 3.0 CE Hours
Live Webinar
Learn More & Register
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View All Upcoming Classes...
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