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ON-LINE  PUBLICATIONS
Updated on January 02, 2008
April 2003
Volume 19, Number 7

Inside This Edition

Front Page Article
Legal Matters
Education & Products
Web Wise
Public Policy Forum
Land Use Forum
Inside the WRA

 

Education & Products

Upcoming Classes & Events

2001-2002 Continuing Education-Still Available!

The 2001-2002 Continuing Education is still available! You can also complete the 2001-2002 continuing education requirements by using either our Video-Internet version or the Self-Study Booklet/Internet version. Call and register today. 

For New Recruits! Sales Prelicense Course - Madison

This program is also available through self-study video or a self-study Internet program.

To obtain a real estate license in the state of Wisconsin, you must first complete 72 hours of approved education courses such as our sales and prelicensing course. 

Second, you must pass a state-administered exam. The WRA is offering an 8-day Accelerated 72 Hours Sales program on May 5-8, 12-15, 2003 and July 14-17, 21-24, 2003 at the WRA in Madison. Brokers can purchase a $50 discount coupon for only $10, which entitles your new recruit to a $50 discount on the registration fee. 

Your new recruits can be ready to take the exam as soon as they complete the class. Call 1-800-279-1972 to register!

It Will be Smooth Sailing with Quickstart
New agents will want to attend the four-day QuickStart Program (offered in two parts as two-day sessions). Course contents include working with FSBO and expired listings, farming, advertising, technology tools, creating a business plan, time management, listing presentations, overcoming objections, working with buyers, closing techniques and more. 

Modules 1 and 2 will be offered April 2-3, 2003 in Madison and Modules 3 and 4 will be offered May 19-20, 2003 in Madison.

The fee is only $230; however, the WRA offers a new member discount of $40, making the cost of this course only $190. This is a fantastic price for four days of instruction for new agents.

Upon completion of the four modules, participants can take a GRI Course 1 Equivalency Exam and move directly into GRI Course 2 or 3.

Is There a Broker's License in Your Future?
Video Course Now Available!

If you are interested in obtaining your broker's license, you must complete 36 hours of education. Areas of study include: contracts, marketing, trust accounts, business ethics, personnel, and more. 

A video course is now available, or you can attend one of our live courses scheduled for June 16-19, 2003 at the WRA in Madison and August 4-7, 2003 in Milwaukee at the Greater Milwaukee Association of REALTORS®. 

*Completion of the class, passing of the exam and applying for the broker license will fulfill your 2003-2004 Continuing Education requirements. 

Buyer Agency Course - Do It!
Get in on buyer agency and watch your career take off! This is turning into one of the WRA's most popular classes as Buyer Agency is becoming the way more and more buyers are choosing to do business. This two-day course covers agency, service delivery, marketing and promotion, and negotiation and risk management. The next course offerings are April 3-4, 2003 in Appleton and August 13-14, 2003 in Madison. Register now

Information Regarding New Requirements for the ABR Designation is Available on the WRA Web site. 

Home Inspectors CE Now on Video.
Modules can be purchased individually or in multiples.

module 1 Standards, Ethics and Report Writing - 4 hours
module 1a Electrical - 4 hours
module 2 Exteriors - 8 hours
module 3 Plumbing, Heating & Air Conditioning - 8 hours
module 4 Interiors, Insulation, Ventilation, Fireplaces, Basements, Crawl Spaces - 8 hours
module 5 Structural Systems and Components - 8 hours

Included is the home inspector's "HomeBook," a professional reference book with more than 365 pages and more than 600 possible inspection items, detailed drawings and the "what to" and "how to" of repairs.

New CRS Course • CRS210 - Building an Exceptional Customer Service Referral Business - first time offered in Wisconsin
The WRA and the Wisconsin CRS Chapter will be offering CRS210 - Building an Exceptional Customer Service Referral Business on August 20-21, 2003 at the Country Inn, Pewaukee. Building an Exceptional Customer Service Referral Business is a highly interactive course designed to deliver all the essentials for refocusing the student's business plan to a customer service centered, repeat and referral business. The information provided will help identify the expectations of the "new consumer", the "new behaviors" necessary to meet those expectations and specific systems to make the agent's business more productive, more profitable and more enjoyable. Benefits of the program: 

  • Attracting a higher caliber client

  • Meeting the expectations of the "new consumer"

  • Dialogues and strategies for building a referral database

  • Delivery systems to generate a successful referral business

Registration includes a networking coffee/rolls session each morning. REALTORS® with their CRS Designation receive a $15 discount. 

GRI Course 1 - You Have Options!
QuickStart - If you have completed QuickStart after September 1, 1998, you can choose to take a GRI equivalency exam. Pass the exam, and you have fulfilled GRI requirements for Course One. The cost of the exam is included in the QuickStart course fee.
Approved Company Training Program - If you have completed a company training program that has been approved for GRI Course 1 equivalency by the WRA, you may take the GRI equivalency exam to fulfill Course 1 requirements. Ask your trainer if their training program is WRA approved. 
GRI 1 Equivalency: Take the statewide equivalency exam when offered at your local board of REALTORS®, or take the online equivalency exam offered through the WRA. This is the same exam offered statewide but is taken over the Internet instead of at a local board. Contact the WRA if you would like to register for this option.

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  New CRS Requirements

The Certified Residential Specialist (CRS) Designation requirements changed on January 1, 2003. Under the new requirements, sales volume and number of transactions will be applicable toward earning the CRS Designation. Other modifications, such as credit for selecting one-day courses and distance learning, have also been made. These changes will make the CRS Designation more attainable for REALTORS®, without compromising its prestige in the residential real estate community. 

Current CRS Designee Candidates have the choice of earning the CRS Designation under the new requirements or completing the program under the prior requirements by June 30, 2003. After July 1, 2003, all candidates must follow the new requirements. 

There are two options to choose from. Choose the option that matches your level of experience:

Option 1 
Education Any four different CRS Courses
Substitutions You may substitute one of the following for one two-day CRS Course: Any two one-day CRS Courses; Bachelors Degree; Any of the following Designations: ABR, ALC, CIPS, CPM, CRB, CCIM, FRI, and GRI; One Distance learning CRS Course 
Production Either a total of 75 transactions OR an average of $5 million per year within any five-year period.

Option 2 
Education Any four different CRS Courses
Substitutions You may substitute one of the following for one two-day CRS Course: Any two one-day CRS Courses; Bachelors Degree; Any of the following Designations: ABR, ALC, CIPS, CPM, CRB, CCIM, FRI, and GRI; One Distance learning CRS Course 
Production Either a total of 25 transactions OR an average of $4 million per year with a mini mum of 10 transactions within any two- year period.
The WRA will be co-sponsoring CRS 210, "Building an Exceptional Customer Service Referral Business," on August 20-21, 2003 at the Country Inn in Pewaukee.

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  Member Benefits

Health Insurance News

Mutual of Omaha recently announced it is dropping its individual health insurance policies because of high costs, forcing 50,000 individuals and families to seek other health insurance. REGIT (the WRA-sponsored health insurance provider) is available to present options, including a new health plan available in Wisconsin.

REGIT's professional staff will review the plans available to you from approximately five different carriers. Humana has recently introduced a plan for individuals that is particularly cost competitive in Wisconsin. As an example, a 41 year old male, non-tobacco user, can apply for a $1,000 deductible plan for just $90.94 per month. In addition to the attractive rates, there is no application to complete - it is done entirely over the phone, saving you valuable time.

Call REGIT today at 800-537-9786 to get a quote and the number to apply.

MSA Might be Right for You

Looking for a way to reduce your tax bill? As a self-employed individual or small employer, you are eligible for a health insurance plan that can do just that . . . and save you premium dollars as well.

The Medical Savings Account (MSA) is a high deductible health insurance plan that also offers a tax deduction. An individual chooses from three deductible options ranging from $1,700 to $2,500 per year (there are different deductibles for families). You can set aside 65% of the deductible in a medical savings account and deduct on your federal tax return the amount of money put into the MSA. These funds earn interest until you use them to pay your deductible or other medical services, including dental treatment, eye glasses, prescription drugs, etc. Any funds not used in a given year will continue to earn interest and be available for expenses in a subsequent year. They are taxed only when you terminate the MSA and distribute the funds.

A 41 year old male, non tobacco user in Madison can apply for a $2,000 deductible for as low as $108.60 per month. Don't put off the savings any longer. Call the WRA-endorsed health partner, REGIT, at 800-537-9786 for a quote and application. When you prepare next year's taxes, you'll be glad you did.

As a REALTOR® Member, you also qualify for other exclusive group benefit programs. Take advantage of the following:

  • Endorsed Errors and Omissions Program
  • PROFIT - a retirement program exclusively for independent contractors. Choose from more than 31 mutual funds
  • Workers' Compensation Dividend Program where participants can receive rebates of up to 30% at year-end. Must be a REALTOR® member to qualify.
  • MBNA - REALTORS® will benefit by obtaining an exclusive credit card, with a high line of credit, no annual fee and unmatched travel benefits. 
  • UPS - REALTORS® will benefit on shipping costs with our program with UPS.

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