Property management, radon, and protecting confidential consumer information are among the topics for the General Update Course (GENUP) and the Broker-in-Charge Update Course (BICUP) for the 2017-2018 license year beginning July 1.
GENUP
Property Management – changes in the Vacation Rental Act and the Landlord/Tenant statutes; HUD guidelines concerning use of criminal records in leasing; duties of a broker/owner (“unintended property manager”); and surcharges paid to brokers on service/repairs.
Radon – in conjunction with the North Carolina Radon Program of the Department of Health and Human Services (DHHS).
Protecting Confidential Consumer Information – broker’s duty to protect client/consumer confidential information; identity theft; scam alerts; use of email; Craig’s List; etc.
License Law and Rule Updates – application and reinstatement fee increases and rules relating to registering assumed names and delivery of instruments, and Consumer Finance Protection Bureau updates including the release of closing disclosures to brokers.
BICUP
All GENUP topics plus three-way trust account reconciliation, BIC duty to supervise, and breaking issues and updates.
This article came from the February 2017-Vol47-3 edition of the bulletin.