License Renewal Resource Center

License Renewal Information


As a real estate professional, it is your responsibility to know when your license expires, how many hours you need to complete in each renewal period, and to pay any associated fees to renew your license with the LLR online. Online renewal will be available after the LLR mails your renewal notice, sometime in May.

Download the License Renewal Worksheet, here. It’ll help you track all your courses across LLR, CTAR and NAR’s requirements.

We know you’re busy, so CTAR is here to help! Everything you need to know about the upcoming license renewal is below, but if you still need help, call us! 843.760.9400.


Not sure if your license is expiring?
Check online, here.


License Renewal Information

If you are on a two-year renewal cycle and your salesman, broker or broker-in-charge license expires either on June 30, 2014 or June 30, 2015, you must complete the following:

.  Eight hours of continuing education (CE) is required for all licensees by the Real Estate Commission/LLR, including the four hour core course and four hours of elective course(s) (possible exemptions below),

.  Six additional elective hours of CE if you are a REALTOR® member (possible exemptions below)

.  Prior to your expiration date, you must renew your license online with the LLR

NOTE: If you currently hold a provisional license, your requirements may differ. Please call CTAR with questions. 843.760.9400.

Completion of the National Association of REALTORS® quadrennial ethics requirement is required every four-year cycle (current cycle 1/1/13-12/31/16). The 2.5 hour course can be taken online at no cost (with no CE credit). Find the online course, here.

Questions? Please email Kelly Bramble or Lora Able in our education department, or call 843.760.9400.

Need to register for classes to complete your hours?
Check out all upcoming CE courses, here.

Have you completed your classes but need to renew online?
Online renewal will be available after the LLR mails your renewal notice, sometime in May.

Exemptions for License Renewal


LLR and CTAR allow an exemption from CE if a post-licensing or a broker licensing course has been completed during the renewal period.

If you are a broker or salesman age sixty-five or older, with a minimum of twenty-five years of licensure, and you have submitted and been approved for an age exemption,  you are exempt ONLY from the LLR (state licensing board) portion of continuing education requirements.

You are still required to meet additional hourly requirements for REALTOR membership as well as completion of the National Association of REALTORS quadrennial ethics training (2.5 hours of an NAR-approved ethics course) every four years.

Questions? Please email Kelly Bramble or Lora Able in our education department.

 

Realtor Day at Costco – Aug 14

CTAR Members are invited to shop at Costco without a Costco membership for one day only. Costco is open from 10am-8:30pm. Shop all day, or come from 4:30-6:30pm and enjoy light refreshments.

Please go to the Membership Desk when you arrive and tell them you are a member of CTAR to receive your shopping pass.

This offer is open to your family and friends, as long as they come with you!

Please note: Costo only accepts cash, debit, and American Express.

Thinking about joining Costco?
Join on August 14 and you’ll receive cash card incentives!

Charleston Realtors complete Leadership Development Program

The Charleston Trident Association of REALTORS® (CTAR) is pleased to announce the thirteen graduates of the inaugural class of the CTAR Leadership Development Program. The program is designed to provide those with interest in taking a leadership role in the Association and their community the education and training to enhance and develop their leadership skills.

front row (l-r): Wendy Deitsch, Katesha Breland, Cynthia Haskins Hill, Joni Byars, Trina Woods, Jana Bantz back row (l-r): Kaz Ansari, Ben Schulyer (program chair), Meghan Byrnes Weinreich (staff liaison), Michael Fenwrick, Jim Hamilton, Steve Williams, Joseph Cullom, Owen Tyler (CTAR President) not pictured: Lisa Burbage, Lynn Carmody

The three-month program includes four sessions, each focusing on a different aspect of leadership development: teambuilding, communication, community activism and effective leadership. Speakers for the various sessions include local community leaders like etiquette and communication expert Cindy Grosso, representatives from the Charleston Regional Development Alliance (CRDA), George Stevens of the Coastal Community Foundation, Jennet Alterman of the Center for Women, as well as other local businesses and industries.

“We designed this program to help our members develop their leadership and communication skills, which will help them not only if they choose to pursue a leadership role with the Association or in the community, but also in their day-to-day business. We provide the opportunity for our members to learn from those who have achieved success in real estate as well as other industries” said Wil Riley, CEO of CTAR.

Graduates of the 2013 Inaugural CTAR Leadership Development Program
Kaz Ansari, J. Meyer Homes /Carolina Elite
Jana Bantz, Prudential Southern Coast Realty
Katesha Breland, Sweetgrass Realty Group
Lisa Burbage, Elaine Brabham and Associates
Joni Byars, Good Faith Mortgage
Lynn Carmody, Carolina One Real Estate
Joseph Cullom, Charleston Trident Multiple Listing Service
Wendy Deitsch, LifeTree Real Estate, LLC
Michael Fenwrick, Keller Williams Realty, West Ashley
Jim Hamilton, RE/MAX Pro Realty
Cynthia Haskins Hill, Pathway Real Estate Group, LLC
Steve Williams, Coldwell Banker United, Mount Pleasant
Trina Woods, Century 21 Properties Plus

Those interested in participating in the CTAR Leadership Development Program must be a REALTOR® member in good standing and apply for the program. There is a fee to participate, but financial aid is available. The dates for the next session are to be determined, but interested parties should contact Meghan Weinreich at CTAR.

CTAR Names New CEO

Charleston Trident Association of REALTORS® Names New CEO

Following a nationwide search, the Charleston Trident Association of REALTORS® (CTAR) and Charleston Trident Multiple Listing Service (MLS) has named their new Chief Executive Officer. Wil Riley, a Summerville native and an experienced REALTOR®, Broker and Association management executive will succeed Terry Hyde Ketchem as CEO on April 1, 2013.

2013 CTAR President Owen Tyler has been leading the Association through this transition period and worked closely with the CEO search committee, comprised of REALTOR® members and past leadership. Former Association President Chris Fraser led the CEO search committee through the selection and interview process, which included consideration of well-known industry leaders as well as successful executives from other areas of business. At decision time, the committee concluded that Riley’s expertise coupled with his vision of how to move the Association forward cemented him as the best candidate for the position.

“I am thrilled that someone with such strong ties to our area and more importantly, the REALTOR® Association will be picking up where I leave off” said Terry Hyde Ketchem, the 26-year veteran CEO of CTAR. “Wil’s 15 year history as an agent and broker, as well as his 4 years of Association management experience, first at the Coastal Carolina Association and the last two years here at CTAR will be invaluable as he leads the Association into the future” said Ketchem.

Riley’s vision is one that melds past, present and future: “Our Association thrives under a CEO that understands the importance of our historical roots while aggressively seeking innovative opportunities for growth and development, one that will seek out products and services that will provide our members with the maximum return on investment for their membership. I am excited about being that CEO and look forward to working with our current staff, leadership and Association leaders across the state to keep Charleston, and South Carolina at the forefront of our industry” said Riley.

Riley will succeed Terry Hyde Ketchem as CEO following her retirement on March 31, 2013.

About Wil
Wil Riley has spent much of his life right here in the Lowcountry—born and raised in Summerville, Riley has positioned himself as a fixture of the north-area business and philanthropic communities. Following his graduation from Summerville High School, Riley left the Lowcountry only briefly, to earn his BS in Accounting from Clemson University. Upon his return, he co-founded Riley Lumber, where he and his father enjoyed a successful business and Wil took his first steps into management—overseeing the accounting and personnel needs for the company which would eventually expand to 16 employees.

In 1997, Riley took the opportunity to transition the business and management principles he had honed during his time with the family business to forge his own path into the real estate industry. Riley spent several years as a broker-associate with Prudential Carolina Real Estate, helping Lowcountry families with their real estate needs. In 2001, he took a position that allowed him to focus on his leadership, management and business development skills and became the Broker-In-Charge of Century 21 Properties Plus in Summerville.

During his time as a practicing REALTOR®, Riley began building his relationship with the local, state and national REALTOR® Associations and local MLS. He has served as a national (2007-08) and state director (2004-09) as well as the local board (2003-09), of which he was named President in 2008. His service on the Charleston Metro Chamber of Commerce’s Education Foundation (2006-07) and Economic Outlook Board (2003-04) allowed him to gain experience and expand his network in the local business community.

After more than a decade on the sales side of the business, Riley turned his sights to the REALTOR® Assocaition he was already so familiar with, and took a position with the Coastal Carolina Association of REALTORS® in Myrtle Beach. As their Vice President of Finance and Administration, Riley developed a sound understanding of the inner workings of the REALTOR® Association and MLS and futhered his knowledge when he moved back to his native Lowcountry in 2011 to take the position of Vice President of Operations at CTAR.

“The absence of a significant learning curve will be a great benefit to our membership as I transition out of my role and Wil steps into his. He is so familiar with the inner workings of our Association, the MLS and works so well with our staff and leadership, it should be a seamless transition” said Ketchem.

Riley is looking forward to the challenges and opportunities that lie ahead. “As an Association, we cannot ever rest on our laurels. We must push forward—growing and changing—to remain a leaders in providing our members with premier business resources, support and access to cutting-edge industry technologies” he said.

In addition to his expanding duties at the Association, Wil is active as a parishoner and leader at St. Paul’s Church in Summerville and enjoys spending time with his family. He lives in Summerville with his wife Ann, an elementary school teacher and their children, daughter Logan (currently attending Clemson University) and son Walker, an accomplished soccer player.

The Details: Real Estate and the Fiscal Cliff Deal

As part of your Realtor Membership benefits, we keep track of legislative issues that will affect your business and share them in a way that’s quick and easy to read.

On December 31, 2012, the White House and the Senate finalized the details of their deal to avert the fiscal cliff.

The fiscal cliff deal and how it affects real estate

Here is the breakdown of provisions affecting real estate in the fiscal cliff bill:

Mortgage Debt Cancellation Act
Extended through 2013
For more to understand the Mortgage Debt Cancellation Act, click here.

Mortgage Interest Deduction
The Mortgage Interest Deduction has not been changed. For more information about the Mortgage Deduction Act, click here.

Mortgage Insurance Premium Deduction
Extended through 2013 for those with incomes under $110,000.

State & Local Property Tax Deduction
This provision has been extended.

Energy Efficiency Tax Credit
The 10% tax credit (up to $500) for homeowners for energy efficiency improvements to existing homes has been extended through 2013.

Leasehold Improvements
The 15 year straight-line cost recovery for qualified leasehold improvements on commercial properties has been extended through 2013 and made retroactive to cover
2012.

Capital Gains Tax
Remains at 15% for most taxpayers.
23.8%* rate for those making $400,000 (individual)/$450,000 (couple); retains primary residence exemption up to $500,000 (couple)/$250,000 individual.
*includes 3.8% Medicare capital gains tax included in health care reform.

Estate Tax
Rises to 40% and includes a $5 million exemption. Of all small businesses and family farms in the country, only 40 were higher than the $5 million exemption last year.

For more information and additional details about the fiscal cliff deal, click here.

Charleston REALTORS® present $16,000 to local Habitats for Humanity

As part of the third annual REALTORS® Care Week, the Charleston Trident Association of REALTORS® presented $16,000 to four local Habitats for Humanity funded by the South Carolina REALTORS® American Dream Housing Fund.

The American Dream Housing Fund raises money through sales of the “Homeownership: The American Dream” license plate, which supports construction of new affordable housing in South Carolina.

$4,000 was awarded to (each) Berkeley, Dorchester, East Cooper, and Sea Island Habitats for Humanity who all submitted applications for grant funding earlier this fall.

pictured (l-r):

Owen Tyler, 2013 CTAR President and SCR Housing Opportunities Committee Member
Matt DeAntonio, 2012 REALTORS® Housing Opportunities Committee Chairman
Belinda Simmons, Berkeley Habitat Board Member
Bob Hervey, East Cooper Habitat for Humanity Executive Director
Jaye Elliott, Dorchester Habitat for Humanity Executive Director
Corwyn Melette, 2013 CTAR President Elect and SCR Housing Opportunities Committee Member
Amanda Helton, Sea Island Habitat for Humanity Director of Development
Terry Hyde Ketchem, CTAR CEO

 

CTAR brings home national honors

The Charleston Trident Association of REALTORS® (CTAR) was honored with several awards during the Annual National Association of REALTORS® convention in Orlando, Florida.

Weinreich-Able-NAR Awards

Meghan Weinreich & Lora Able

Rising Star Award
Lora Able, Director of Education at CTAR, has been awarded the 2012 Resort and Second Home Property Specialist (RSPS) Rising Star Award. Each year, the RSPS of the Year Award is presented to an individual who stands out among the over 1,600 real estate professionals who have obtained the National Association of REALTORS®’ Resort and Second-Home Property Specialist (RSPS) Certification.

Best E-Newsletter by a Local REALTOR® Association Award
Meghan Weinreich, Marketing and Communications Director at CTAR, was honored with the Gabby Award for the best local REALTOR® association email newsletter in the country. The Gabby Awards are handed out each year to recognize the best use of the Convio email marketing platform to mobilize, communicate and educate REALTOR® members.

Commercial Division ACE Award
NAR Commercial has selected the Charleston Trident Association of REALTORS®’ Commercial Investment Division (CID) to be one of the first 6 recipients of the new ACE Award, for Accredited Commercial Excellence, in recognition of extraordinary leadership in delivering commercial programs that are engaging to REALTORS® and strengthen the community.

The ABR Core Course is back at CTAR!

Not only do ABR® designees earn more, but member benefits such as publications, marketing tools, a referral network and other resources, help them maintain that edge.

Accredited Buyer Representative Designation Course (ABR® 2 Day Core)
This is the two-day core course that is required to complete the ABR designation. After completing this two-day course and successfully passing the exam, you will have achieved ABR® candidate status, a three-year period during which you must fulfill the requirements to earn your Accredited Buyer Representative (ABR®) Designation.
Simply completing this course does not earn your ABR designation.

Course topics include:
• Office policy, standard of care and risk management
• How to build and maintain buyer representation business
• Changing agency role
• Negotating

You’ll earn:
• 15 CE elective hours (CEE1869)
• 2.5 NAR ethics hours

Earlybird registration rate (ends 10/1/12)
• $55 Gold Card Rate • $95 Member Rate
Gold Card registration here.
Regular member registration here.

Regular registration (after 10/1/12) $125

Contact REBAC for complete information on the ABR designation requirements.
Questions about earning your ABR? Click here.

Don’t Miss the Midyear Market Update

Join us on Wednesday, August 15 from 9:30-11am in the Crystal Ballroom of the Charleston Marriott for the 2012 Midyear Market Update!

Dr. Lawrence Yun, chief economist and senior vice president of research with the National Association of REALTORS® (NAR) will be our keynote speaker and share his analysis of the national and local real estate markets as well as share a forecast for the remainder of 2012 and beyond.

Seating is limited–register today

Come early for coffee and pastries and browse our Affiliate Expo!
Join us from 8:30-9:30am in the Crystal Ballroom lobby for a cup (or two!) of coffee, a breakfast snack and to meet more than 30 of CTAR’s affiliate member companies.

Our affiliate members are lenders, home inspectors, title companies, attorneys, advertising outlets and companies who offer homeowner support services.

 

Thank you to our Annual Sponsors!

The Post and Courier              South Carolina Federal Credit Union
       

Understanding 2013′s Capital Gains Tax Changes


New tax on capital gains to go into effect in 2013

As the Supreme Court recently upheld the Affordable Care Act, it’s important to understand the details of the Act’s new taxes as they effect real estate and real estate derived incomes.

Starting January 1, 2013, there will be an additional 3.8% tax on investment income and capital gains for those individuals who make more than $200,000 of Adjusted Gross Income (AGI) or $250,000 AGI on a joint return. The new tax applies to investment income, defined as interest, dividends, capital gains and net rents. These items are all included in an individual’s AGI. A formula will determine what portion, if any, of these types of investment income would be subject to the tax.

Here are some additional facts based on misinformation that has been disseminated through emails:

The tax is NOT a transfer tax on real estate sales and similar transactions. Not long after the tax was enacted, erroneous and misleading documents went viral on the Internet and created a great deal of misunderstanding and made the tax into something far more draconian than the actual provisions.

The new tax does NOT eliminate the benefits of the $250,000/$500,000 exclusion on the sale of a principal residence. Thus, ONLY that portion of a gain above those thresholds is included in AGI and could be subject to the tax.

REALTORS® should familiarize themselves with the tax, but should not advise their clients about the application of the tax. The amount of tax will vary from individual to individual because the elements that comprise AGI differ from taxpayer to taxpayer.

Find additional information here, or download a brochure with hypothetical scenarios of the tax in action, as it relates to real estate.