Complete Your ABR® or SRS® Certification with the SFR® Elective
If you’re only missing an elective to finalize your ABR® or SRS® certification, consider Short Sales and Foreclosures (SFR®). Not only does it fulfill the elective requirement, but it also earns you 7 hours of continuing education credits.
SFR course Details: Knowing how to help sellers maneuver the complexities of short sales and foreclosures, as well as help buyers pursue short sale and foreclosure opportunities are not merely good, but critical, skills to have in today’s market. While short sales and foreclosures are not for the faint of heart, agents with the proper tools and training can use these specialty areas to build their business for the long term.
As many agents can attest, your ability to close short sales and foreclosures depends partly on your confidence in seeing these transactions through.
Designed for real estate professionals at all experience levels, the Short Sales and Foreclosure Resource (SFR®) course offers information to direct distressed sellers to finance, tax, and legal professionals; qualify sellers for short sales, develop a short-sale package, negotiate with lenders, tap into buyer demand, safeguard your commission, limit risk, and protect buyers.
CONTINUING EDUCATION REQUIREMENTS:
All Pennsylvania real estate licensees – salespersons, associate brokers, and brokers – must renew their licenses every two years. The current renewal period will end on May 31, 2024. In order to renew their licenses, real estate licensees (including brokers and associate brokers) must complete 14 hours of education during the renewal period. This MUST include at least 3 hours of training on the Required Topic: Broker Supervisory Duties, Policies & Risk Management, the remaining elective hours can be any topics approved by the Pennsylvania Real Estate Commission, with the following exceptions:
- Recent Licensees: Agents taking PA real estate continuing education for the first time must complete 14 hours of mandatory CE, with the General Module (7 hours) being a requisite. Students can choose their additional 7 hours from either the Residential Module or the Commercial Module, culminating in a total of 14 CE hours. It’s important to note this is the educational requirement for renewal the first time completing.
- New or reactivated Pennsylvania Licensees: Licensees who receive their first license within the last six months of the 2022-2024 renewal period (December 1, 2023 – May 31, 2024) are not required to complete continuing education. However, to renew their license, they must submit the renewal application and pay the relevant fees to the Real Estate Commission.