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The Commission has noticed a number of complaints by the public where the sellers' agents have not verified the receipt of earnest money deposits by buyers involved in real estate transactions. Please be reminded that it is your duty to protect the interests of your clients. Due diligence requires that licensees make a reasonable effort to ascertain all material facts relating to a transaction. The complaints received by the Commission revealed that the transactions have involved a lengthy time period before it is discovered that no earnest money deposits were made by the buyers. An agent's failure to verify earnest money deposits in behalf of a seller's client constitutes grounds for disciplinary action pursuant to District law and regulation.
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Samuel C. Reynolds
Members of the District of Columbia Real Estate
Commission, both past and present, as well as the staff of the Department of
Consumer and Regulatory Affairs, express heartfelt condolences on the passing
of Samuel C. Reynolds, Sr. on Monday, September 6, 2016.
Mr. Reynolds was appointed by Mayor Marion S. Barry and served on the Commission for two terms. He was an active member of the National
Association of Real Estate License Law Officials, now known as ARELLO. Mr.
Reynolds was a licensed real estate broker in the District for over fifty
years, as well as the principal broker for Samuel C. Reynolds Real Estate
Company, Incorporated, which is the oldest minority owned real estate company
in the District of Columbia. He employed more than 100 salespersons over the
years. In addition to his real estate brokerage, he was also a licensed
Certified General Real Estate Appraiser. His leadership in the District
included terms as Chair of the Board of Equalization and Review and the
Landlord Advisory Commission for Section 8 Housing.
Mr. Reynolds will be remembered as one of the giants among
DC real estate pioneers.
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The District of Columbia Real Estate Commission
depends on you to provide your e-mail address of preference to which
announcements from the Commission can be sent. In other words, provide the
e-mail address that will actually be received and read.
Please
follow these steps ensure that Pulse Portal reflects your most favored e-mail
address for receiving information from the Commission.
-
Go to www.PulsePortal.com
- Choose a Program: District of Columbia
- Choose a Board: Real Estate
- Scroll to the “Licensing Services”
section and select “Change Your Address”
- Enter the following: LAST Name, License Number and Social
Security Number
- On “Change Your Address” screen, update
e-mail address AT BOTTOM of the screen.
Success! Don't forget to watch
your e-mail (and or the DC Real Estate Commission website http://www.pearsonvue.com/dc/realestate/ ) for announcements.
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The Commentator proudly recognizes its 31st year of production. Over the past 31 years the publication has kept real estate licensees abreast of Commission news and breaking developments in the District of Columbia. It started as strictly a paper document which was sent by US Postal Service and then moved to an electronic version of a paper document sent via email. We are excited to send the current iteration, which is strictly electronic and viewable across multiple platforms. Thank you, loyal readers, for embracing The Commentator in all its formats.
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The DC Real Estate Commission voted that an Ethics
course will replace the Financing Issues course beginning with the 2017 – 2019 cycle.
Please note that the new cycle begins 3/1/2017 for Brokers
and Property Managers and 9/1/2017 for Salespersons.
The change was prompted by the thought that the financial
climate that generated the need for a Financing Issues course had passed, while
calls have increased for the Commission to act on improving how agents conduct
themselves in the field.
Financing Issues will remain a required course for the
remainder of the 2015 – 2017 licensing cycle.
Licensees who complete an Ethics course prior to the
beginning of their 2017 – 2019 licensing cycle will not be able to credit the
course IN or FOR the 2017 - 2019 cycle.
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Renewal time is a common time when licensees express their intent to transfer
their District of Columbia real estate license from one broker to another.
Please note that such transfer requests are NOT honored within the sixty renewal period preceding the end of the cycle.
Licensees who wish to make such a tranfer must initiate the change either before the renewal period begins or after it ends.
Making the change itself is relatively easy.
Visit the DC Real Estate Commission website and download the Sponsoring Broker
Change/Transfer Request form available under the "Publications and Forms" header.
Fill out sections one, two and three.
Take the completed form to your former Broker for
signature. Ensure that the form, the fee and your (5”x 7”) Wall License are sent to
Pearson VUE. There is a $30 fee for transferring affiliation.
MAIL FORM AND FEE TO:
Pearson VUE
Department: DC/OPLA
8401 Corporate Drive
Metro-Plex I Suite 250
Landover, MD 20785
1-888-204-6192
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The [Commission] ... shall have the power ... to receive complaints of malpractice or other complaints against any persons licensed, certified, or registered under the jurisdiction of the Commission and shall have the authority, after a hearing in accordance with the procedures ... to discipline any such person by the imposition of the penalties provided in [the Regulations].
Gables Residential Services, Inc.
By consent order, the Commission imposed a fine of $1500.00
for violation of DC Official Code Section 47-2853.17(a)(19) (2001) for
operating as a real estate brokerage entity when unlicensed and not renewed.
Vishal Doddanna
By consent order, the Commission imposed a fine of $1500.00
for violation of DC Official Code Section 47-2853.17(a)(19) (2001) for
operating as a real estate salesperson
when unlicensed and not renewed.
Realty Centre, LLC
By consent order, the Commission imposed a fine of $1500.00
for violation of DC Official Code Section 47-2853.17(a)(13) (2001) in that
respondent willfully practiced an occupation or profession with an unauthorized
person or aided an unauthorized person in the practice of an occupation or
profession.
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The DC Real Estate Commission will be sponsoring the current three mandatory
courses at the Gallaudet University Kellogg Conference Center at no out of pocket
cost to licensees. The courses will be held on January 27, 2017. Registration will be announced via email to licensees before the end of December 2016.
Courses will apply to continuing education
requirements for the current 2015 -2017 license cycle.
DC Legislative Update - 3.0-hrs
Financing Issues/Update - 3.0-hrs
Fair Housing - 3.0-hrs
Please note that in between Commission sponsored offerings, courses are always available from
DCREC approved providers at www.PulsePortal.com
.
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DC Real Estate Commission Course Offering
Kellogg Center at Gallaudet University
Washington, DC
January 27, 2017
National Association of Real Estate Brokers
2017 Mid-Winter Conference: Prince Georges County, MD
Lanham, MD
April 6-8, 2017
The Society of Industrial and Office Realors (SIOR)
2017 Spring World Conference
Sheraton New Orleans Hotel
New Orleans, LA
April 26-29, 2017
2017 ARELLO Mid-Year Meeting
Louisville Marriott Downtown
280 West Jefferson
Louisville, KY 40202
April 26-29, 2017
2017 ARELLO Annual Conference
Sheraton Waikiki
2255 Kalakaua Avenue
Honolulu, HI 96815
September 19 - 24, 2017
2017 NAR Realtors Conference & Expo
Chicago, Illinois
November 3 - 6, 2017
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Meetings are scheduled for second Tuesday of each month.
December 13, 2016
January 10, 2017
February 14, 2017
March 14, 2017
April 11, 2017
May 9, 2017
June 13, 2017
July 11, 2017
August, 2017 - Commission Recess
September 12, 2017
October 10, 2017
November 14, 2017
Dates are subject to change. Call 202-442-4320 for updates.
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