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New Appraisal Law Benefiting the Consumer

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New York state’s law regulating appraisal management companies recently became active and its contents are big news in the appraisal world. This is mainly due to it requiring transparency regarding the fees paid to appraisers, a big step in advocating for consumer interests. The New York State AMC law was proposed in 2015, introduced as… Read more

UPDATED: Licensing Fee Increases and More in New Ohio Budget Bill

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As part of the 2019-2020 budget, many of the fees the Division assesses to real estate licensees for applications increased. Also included in the budget were changes to fingerprinting requirements for Ohio applicants for licensure and clarification on real estate transactions for medical marijuana. Some of the proposed fee increases are as follows: New Fingerprinting… Read more

Home Inspection Program Goes Live

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The Ohio Home Inspector Board met for the first time on August 1, 2019, to discuss implantation of home inspector licensing. The program has grandfathering provisions for current home inspectors, provided certain conditions are met. All applications for a grandfathered license must be submitted before November 1, 2019. After November 1, 2019, any person performing… Read more

What to Look for in a Pre-Drywall Inspection

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Home inspection is an essential part of the construction process. A high-quality build should have a thorough review before the team hangs the drywall. That’s to make sure everything is up to code and meets the developer’s standards. Drywall can hide many deficiencies in the beams, insulation and other foundational parts of the home. This… Read more

Congrats to Our August 2019 Instructor of The Month – Jon Bradfield

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  We’re happy to announce the winner of August 2019’s Instructor of the month – Jon Bradfield! Having been a part of the Hondros family for three years, he first heard about Hondros from other realtors. Jon cites his favorite aspect of his work is “the people!” This selfless instructor greatly values the knowledge and… Read more

First-Time Homebuyer Savings Accounts Become Closer to Reality in Ohio

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A first-time homebuyer is a buyer that has not owned a property in the last three years. With the tightening of lending requirements after the mortgage crisis and increasing costs of housing, many first-time homebuyers have trouble saving for a down payment on a home. The legislation is currently pending in Ohio that would create… Read more

Best e-Signature Tools for MLOs

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Mortgage loan originators play an important role for prospective homeowners. These are the agents that make the buying process free of undue stress. Initiatives that make the document signing process easier to reduce administrative burdens on MLOs and result in more happy clients. One such example is an e-signature tool, which saves time and paper… Read more

Top 8 USPAP Myths

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With many appraisers doing most of their work for lender-clients, they have become very familiar with the guidelines of Fannie Mae, Freddie Mac, and other programs’ underwriting rules. It’s common to confuse these guidelines with USPAP (Uniform Standards of Professional Appraisal Practice) requirements – so let’s take a look at how these can get misunderstood!… Read more

Forfeiture of Oil and Gas Leases

Blog, Resources

Consider this: in advance of closing, the title commitment reveals the existence of an oil or gas lease clouding title. Now what? The lessee is no longer in business or cannot be found and your client is unsure how to proceed. Your next step is to direct them to legal counsel because, under certain circumstances,… Read more

How to Create a Perfect Insurance Agent Elevator Pitch

Blog, Resources

Imagine you could secure a new client in about the time it takes to ride an elevator, from the top floor to the bottom. An elevator pitch lets you do exactly that. It’s a brief synopsis of your background, skills, and experience in the insurance sector. Do it right, and you’ll win over a new… Read more

Real Estate Agents Need to Mind Their Auto-Correct

Blog

Real estate is a fast-paced, always changing career – agents use a variety of ways to communicate with their clients and others involved in the buying or selling process. The problem when some agents forgo proper communication skills in favor of being more casual and approachable. The results are misunderstood statements, contractual errors, dissension between… Read more

Have a question? Call us at 1-888-HONDROS or chat with us. We’re here to help!


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