Licensing

The Life Skills Gap

I have always been concerned about what and how we help learners. Do we teach them “by the book,” using specific outlines that are given, or do we consider real life situations when providing educational training. I’ve always thought there was a gap. A young niece of mine and I had a conversation one day about “life” as a college student. She was crammed with the traditional courses, but was badly in need of fundamentals of life having to do with budgeting, access to all those credit-card offers, the realities of living with others and sharing rent (oh yes, you better understand when YOU sign the lease, YOU are on the hook for the rent… etc. She wasn’t getting that in school.

Those conversations always get me to thinking we teach what we are required to teach, but do we make sure to include those “other, not required, but really essential” topics? I hope so! My goal as an educator is to help develop people with a depth of real estate knowledge that guides through the potholes and steers them reach their goals. There are lots of potholes in real estate, so there are many topics to cover. My goal is to fill that Life Skills Gap.

This article was originally published by the Association of American Educators on January 30, 2018 Melissa Pratt is the Professional Programs Manager for the Association of American Educators. In this role, she helps connect AAE members with resources and information to further their craft.

There’s been a lot of debate recently on what students need to know to be “college and career ready.” Typically, the debate centers on how high the standards for math and reading should be, how much social studies and science high school grads should participate in, and whether career and technical education should be given renewed emphasis. What seldom gets mentioned are the many small tasks that are essential to everyday life, but never make it into the curriculum.

We know that skills like filing taxes, saving money, applying for jobs, time management skills, and the like can make or break an individual in their first few years of adulthood, but we seldom give thought to how we should approach these skills. Often, schools assume that students are either being taught these skills at home by their parents or gain them through life experience, but that is not always the case. Both research and anecdotal evidence points to our students having trouble with everyday tasks after they graduate from high school.

Despite this, many are unconvinced that schools should be stepping in to help fill this gap. They point to an already crowded curriculum and wonder what we’d be willing to give up to make room for life skill courses. Others worry that a life skill course would be self-defeating. By taking these skills and removing them from the circumstances where they’d be used and needed, we’d be robbing them of their authenticity and relevance, which we know is essential for students to internalize what they’ve learned.

On the opposite side, proponents of teaching life skills argue that no matter how academically successful a student is, they are set up for failure if they can’t master certain essential skills. This fact is urgent for students who may not have a support structure at home to help them muddle through their first years of adulthood. Some students will be taught these skills at home and gain them through life experience, but not all will.

Educators who have placed a high value on teaching life skills have gone a long way to integrate them into the curriculum. Many schools use their extra-curriculars to teach students these skills and allow students to run and manage newspapers, stores, performance scheduling, and other tasks sometimes conducted by staff. A few schools take things further. Slater High School recently debuted their “Life Academy.” This program, which is designed to teach students skills like research, family planning, legal rights, budgeting, etc., will be conducted on days where there is an early dismissal and a normal class schedule is otherwise impossible.

The inclusion of life skills does not have to lead to a full-fledged rewriting of the curriculum or school structure. Individual teachers can help students acquire life skills by raising awareness of them in the classroom through discussion and the incorporation of certain skills into already planned projects and lessons.

E-NOTARIZATION VS. DISTANCE E-NOTARIZATION

Did you know

E-Notarization has been here for some time
Effective July 1, 2006, the Minnesota Legislature enacted electronic notary legislation pursuant to Minnesota Statutes 358 and 359, allowing electronic notarization to be applied to a document so that the document can be fully processed electronically.
To apply for e-Notarization, applicants must be currently registered as an active Minnesota Notary and have the capability to notarize electronically before requesting authorization to perform electronic notarizations.
Physical presence of a person whose signature is being notarized is still required by law (359.01, subd. 5). And notarizing of any MN mortgage and/or real estate documents requires a Closing Agent License unless you fall under specific exemptions – see MSA 82.641.
Before performing electronic notarial acts, a notary public must register or in the case of a recommission, reregister, the capability to notarize electronically with the Secretary of State. There is no fee for this authorization with the secretary of State
To obtain the authorization to perform electronic notarization, complete the E-Notarization Authorization form and certify that you have proof of the filing of your notary commission with the county.

Distance E- Notarization is Coming
Generally, electronic, or e-signatures, use different methods
• In some cases, the signer can use the mouse on their computer to “write” their signature, like you do when you go to the grocery store and sign for your credit card (where it generally looks nothing like your signature;))
• In other cases, a signer types their name and choses their e-signature from an assortment of a type-sets (Script, Monotype, Bradley Hand, etc.)
• In other cases yet, the signer carefully writes his/her signature and takes a photo (likely with their cell phone) and creates a .jpg file that they can use to accurately represent their signature.
• In some cases, signers hold up their Drivers’ Licenses and other Identifying information for the notary to review
• in other cases, like the US Post Office, you must put in a credit card with identifying information
• Yet again, some systems require that you answer information as to the make of your vehicle, previous addresses, mother’s maiden name, etc. that likely come from credit reporting companies.
• Will the audio/visual session have to be taped and maintained in the notaries file to be legal?
• Can the notary keep a log instead? There is much to be worked out.
You can see examples of what’s coming in distance notarization at such places as
• Signix https://www.youtube.com/watch?v=50bMl3EZkz0
• Safedocs https://www.youtube.com/watch?v=IPd_0gtlJ_0
• DocVerify http://www.docverify.com/Products/ESignatures/ENotaries/RemoteElectronicNotarizations

Distance notarization laws are currently in effect in only two states -Virginia and Montana. In these states the signer and the notary communicate online. Documents are electronically signed and notarized with the signing parties and notary meeting with audio and video communications similar to “facetime” or “go-to-meeting.” Here, the signer of the document might physically be in New York City and the notary physically in Virginia, MN.

But these state laws vary significantly. In Virginia a notary can perform a remote apostille for a signer that is located anywhere in the world. Montana allows distance notarization only for Montana property where the affiant is a permanent Montana resident.

As industries like closing, title insuring, mortgage lending, etc. are nationwide, dealing with various laws could be challenging. In response to that, The National Association of Secretaries of State (NASS) are working on distance online notarization with a task force, as are ALTA, the Minnesota Land Title Association, the MN Bar Assoc., Mortgage Bankers Association, MISMO, and others. Hopefully they can come together, soon, with a clear solution that will fit us all.

License Renewals for MN are Due by June 30th

Real estate agents, abstracters, closing agents and brokers are reminded that they must renew their licenses on or before June 30th. So please check your license for renewals.

Information from the Commerce Department on MN state licensing can be found here.

Pulseportal information can be found here.

Closing Agent License Renewal is Due Now

Check your closing agent license for your renewal date! Licenses are good for two years and must be renewed by June 30th of the second year after your license is issued. If you miss the cutoff, you will be required to retake the Closing Agent Prelicense course, pay new license fees, and once again complete the entire process through the State’s Pulseportal System.

Meanwhile, and this is totally random, don’t miss the Elvis Cockatoo on youtube. It will make your day. 🙂

 https://www.youtube.com/watch?v=CEQuDyuQFKE

MN Dept Commerce New E-license Website

The Minnesota Department of Commerce  has a new e-license Website regarding Closing Agent Licenses, look here for info:  https://mn.gov/elicense/a-z/?id=1083231369#/list/appId//filterType//filterValue//page/1/sort//order/

For the Abstracter Licensing the new  e-license link is: https://mn.gov/elicense/a-z/#/list/appId/0/filterType/Subject/filterValue/Abstracters/page/1/sort//order/

HUD REACHES SETTLEMENT AGREEMENTS COMPANIES RE: VIOLATING FAIR HOUSING ACT

HUD Press Release
Thursday January 26, 2017

WASHINGTON – The U.S. Department of Housing and Urban Development announced agreements with two insurance companies in Ohio and Florida settling allegations the companies violated the Fair Housing Act by denying insurance coverage to properties that contain “subsidized housing” and “low-income housing.”

The Fair Housing Act makes it unlawful for providers of housing-related services or products, including insurance providers, to discriminate because of race, color, religion, sex, national origin, disability, and familial status.

The agreements stemmed from a Secretary-Initiated complaint HUD filed after receiving reports the insurance companies’ policies and practices had a discriminatory effect because of race and national origin. Specifically, HUD’s complaint alleged that the companies refused to provide umbrella coverage, which provides additional liability coverage when an insured’s other primary policy limits have been reached, to properties containing subsidized or low-income housing.

Under the agreements, McGowan and Company will remove “subsidized” and “low-income” from its list of prohibited properties, spend $100,000 to affirmatively market its services and products to the affordable and low-income housing markets and provide fair housing training for management and staff that review and/or approve applications for insurance. Mack & Waltz will spend $10,000 to affirmatively promote its services in affordable and low-income housing markets, and provide fair housing training for its management and staff.

People who believe they have experienced discrimination may file a complaint by contacting HUD’s Office of Fair Housing and Equal Opportunity at (800) 669-9777 (voice) or (800) 927-9275 (TTY). Housing discrimination complaints may also be filed by going to www.hud.gov/fairhousing, or by downloading HUD’s free housing discrimination mobile application, which can be accessed through Apple and Android devices.

 

Bank requires few mortgage documents: Seems like housing deja vu

Excerpt from CNBC 6/9/16

 They were a hallmark of the U.S. housing crash: Mortgages that required little or even no documentation.

During the boom, they were called “stated income” loans, but advertised as “low-doc” or “no-doc” loans. When the damage was done, they were deemed “liar loans.” Both lenders and borrowers alike would write basically anything on the mortgage application to get the deal done. Now, nearly a decade after the financial crisis began, a new version of the stated income loan is making a comeback.

“Lite Doc.” That is what Quontic Bank, an FDIC-insured community lender in New York City is calling its product. It requires only verification of employment and two months worth of bank statements. For self-employed borrowers, it requires documentation of one year of profit and losses. The Lite Doc loans are five-year adjustable-rate mortgages with interest rates in the low- to mid-5 percent range, according to the bank. Thirty-year fixed-rate loans, which when fully documented can offer rates in the high-3 percent range, are not part of the offering.

Read full article here

Title Agent Could Spend Fifteen Years in Prison

Another sad tale for the title industry. A Jacksonville FL title agent has been charged with defrauding clients of nearly $400,000 while operating an unlicensed title agency.

The Florida Department of Financial Services Division of Insurance Fraud arrested 41-year-old Kristine Ann Spahr, who is accused of illegally defrauding clients of nearly $400,000; illegally operating  Signature Title and Trust LLC;  and profiting from escrow monies belonging clients.

The investigation started in January, when the Florida Division of Insurance Fraud got a complaint about Spahr’s operations.  Investigators soon learned Spahr had forfeited her title agency to work for another title company, Grace Title, but she was allegedly still operating Signature Title without a license.

Spahr is accused of defrauding clients on at least seven separate occasions by keeping their real estate escrow funds and not giving clients the title insurance they paid for. Those funds exceed $391,000, according to investigators.  Spahr was booked in to the Nassau County Jail for a felony count of organized schemes to defraud and could face up to 15 years in prison if convicted.

It has been a long time since I have seen information from Commerce on the Licensing requirements for Abstracters, and I was pleased to see their latest bulletin.  While I know there is no education requirement, the content is significant and requires a good working knowledge of the trade. For those who need assistance with the legalese in title searching the online Principles of Abstracting course can help.  In any case, here is the outline from the PSI bulletin.

ABSTRACTER EXAMINATION CANDIDATE INFORMATION BULLETIN

Legal description and elements of real property (10 items)

  1. Definitions and components of real property
  2. Methods of legal description
  3. Estates in real property
  4. Forms of ownership
  5. Transfer / alienation of real property
  6. Deeds
  7. Types
  8. Characteristics / elements

iii. Warranties

  1. Land use controls
  2. Public
  3. Private/Covenants, conditions, and restrictions (CC&Rs)
  1. Condominium Law

Documents (15 items)

  1. Conveyance
  2. Recording
  3. Torrens
  4. Encumbrances
  5. Types and priorities of liens
  6. Easements
  7. Encroachments

Research and Compilation of Abstract (20 items)

  1. Indexes
  2. Search requirements and techniques
  3. Documents and Entries
  4. Legal description in abstract
  5. Searches (including judgments in favor of the U.S.)
  6. Certification

Licensing and Professional Conduct (5 items)

  1. Licensing requirements
  2. Prohibited conduct

 

MN Closer Licensing Course

I’ve had many questions on the MN Closer Pre-License Course, so here are some pointers:

Pointers

Pointers

  • the 8 hour class is available online 24/7 and you have 90 days to complete it.
  • You do not need to take all 8 hours in one sitting!  Just bookmark your place and return to it later.
  • there is a minimum amount of time that must be spent on each of the 12 sections, but there is no maximum time, so spend as long as you’d like to be sure you understand the material
  • if you don’t complete a section before the minimum required time and you log out , you will have to repeat that section
  • Each section has a quiz at the end. You must pass the quiz to move on
  • the final examination requires a proctor form (someone who says they saw you take the exam without assistance of any kind.)  The proctor cannot be a spouse, relative or boss.  A neighbor, friend or public librarian (there is no charge) works fine
  • the final exam is 90 questions and you need 75% to pass.  You may spend as long as you like on the exam (but you cannot leave your desk during the exam, so the proctor knows you have not used outside materials for any answers.)
  • If you fail the exam, not to worry. You can review the material (if you wish) but must retake the quizzes to retake the exam (no extra charge.)

Info On Home Closing

Home Closing 101: An Educational Initiative of the American Land Title Association