In our continuing efforts to keep you abreast of the latest news on the implementation of the Truth in Lending RESPA Integrated Document (TRID) rule by the Consumer Financial Protection Bureau (CFPB), NAR is pleased to announce new resources to help REALTORS® prepare for the changes. Today, after close collaboration with NAR, the CFPB has launched a new online toolkit for real estate professionals as part of its “Know Before You Owe” campaign. CFPB uses the term “Know Before You Owe” for its consumer facing communications regarding TRID. The new website is designed to help real estate professionals understand the changes to the closing process, that will go into effect on October 3, 2015, and how to explain the changes to clients. The site also includes resources that real estate professionals can provide to their clients.
Youth Career Expo is an event designed to bridge the gap between the local business community and our emerging workforce currently enrolled in Peninsula high schools. Local businesses showcase the many career opportunities available to the future workforce after graduation from high school and/or college. Students are given the opportunity to participate in seminars and discussion which will help prepare them for entrance into the Peninsula workforce.
Support our youth with the opportunities of a new career as a REALTOR®
Support our industry by promoting your firm at the EXPO
Support your community as a local business leader
Support VPAR by proudly displaying our REALTORS® Brand
2015 Youth Career Expo Sponsorship Opportunities A World of Opportunity… Wednesday, February 18, 2015 8: 00 a.m. – 3: 00 p.m. Hampton Roads Convention Center For additional information contact Suzy Johnson: email@example.com | 757-325-8160
The Virginia Real Estate Board recently added a new requirement for real estate candidates pursuing a license. As an increased security measure, a candidate must now submit a photograph to their pre-license education provider. In turn, the education provider will have to submit that same photo to PSI, the real estate license test administrator, prior to the candidate taking the exam.
This new requirement came about as a result of systemic fraud across several professions regulated by the Virginia Department of Professional and Occupational Regulation. The scheme was highly organized and coordinated by a few individuals in Northern Virginia. In general terms, the scam consisted of identity fraud, as well as false verification of education and experience by real estate professionals, cosmeticians, contractors, tradesmen, and others. In some cases, another individual took exams on behalf of the candidate.
Specifically, the Real Estate Board will now require that candidates for initial licensure by examination in Virginia submit, at the time of pre-license course enrollment, a 2″ x 2″ passport compliant photograph to their Board-approved pre-license education provider. The candidate’s photo must be a full-face view, directly facing the camera with a neutral facial expression in front of a plain white background. The Board-approved pre-license education provider will be responsible for submission of the photograph at the time they upload the course completion information for each candidate. PSI Exams, Inc. will train the Board-approved pre-license education provider in this process in addition to providing a template with the specific naming convention required to match the photograph to the individual candidate’s record.
Those who offer Board-approved pre-license education courses will be hearing soon from a PSI Exams representative concerning this matter. If you have further questions, you may contact DPOR’s Licensing Section at (804) 367-8526 or by email at REBoard@dpor.virginia.gov.
Chloe Hecht, Associate Council for NAR, discusses rules for proper use of the REALTOR® trademark, and how these rules apply to members’ use of the trademarks online – including in connection with the .REALTOR top-level domain.