The Real Estate Commission has requested a moratorium on form revisions according to Marsha Waters, Director of the Division of Real Estate. Waters says the Commission wants to simplify the forms and make them easier to understand for consumers and agents. Some forms will have minor changes (listing document and contract) but those changes are unavoidable, Waters said. The Commission has advised the General Assembly concerning the recommendation but of course that does not mean legislators won’t introduce bills that would require additional disclosures or other form changes.
In other Division of Real Estate news, Waters said a long-term goal is to create separate licensure for property managers. Property management issues constitute a majority of the complaints her division receives and she believes it makes sense to consider a separate credential for these professionals.
Waters is excited about a new license database which, when completed, will allow agents to manage their licenses online, change brokers and upload continuing education certificates. The database will allow the Division to put its resources towards other activities rather than auditing continuing education issues, she said.