Real Estate/ Continuing Education/ Pennsylvania/ Serving the Unique Needs of the Senior Market

CE: Serving the Unique Needs of the Senior Market

$39

This product includes:

LICENSE RENEWAL PERIOD: 2 YEARS Elective Hours: 3 Mandatory Hours: 0 Total Hours: 3

Description

State Requirements

Did you know that a report issued by Census.gov, An Aging Nation: The Older Population in the United States, notes that “In 2050, the population aged 65 and over is projected to be 83.7 million”? That’s almost double what that population numbered in 2012. This population group’s numbers are rising fast, and that adds up to opportunities for licensees.

The senior market needs the services of real estate professionals who understand its unique real estate needs. Working with seniors comes with some of its own challenges, concerns, and rewards. A comprehensive understanding of the particulars and practicalities of this market segment will equip licensees to serve older adult clients with the respect and honor they deserve.

In this course we’ll explore best practices in addressing the distinctive considerations in the senior marketplace. Course highlights include:

Senior market stats in the U.S.
Important financial and lifestyle considerations for older clients
Seniors and legal competence
Senior seller and property preparation for listing
Four significant considerations for older adult buyers
Potential snags and how to overcome them
Options in senior adult communities, both traditional and noteworthy
Housing programs for low-income seniors
The senior market as a niche

Package Content:

State Requirements For Pennsylvania

Pennsylvania State Requirement Details for Real Estate Continuing Education

Renewal Date: 5/31 every even-numbered year

Hours Required: 14 hours

2 hours – Fair Housing
3 hours – Agency Relationships
9 hours – elective hours

At the July 10, 2024 board meeting, the Pennsylvania Real Estate Commission voted to approve the mandatory topics for the 2024-2026 renewal cycle. Of the required 14 hours, a minimum of 2 hours in Fair Housing and 3 hours in Agency Relationships must be completed.

Pennsylvania requires that a licensee who wishes to perform Broker Price Opinions (BPO), must complete a continuing education course on the topic. The CE Shop does not currently offer this course.

The CE Shop’s Offering: 14 hours

2 hours – Fair Housing
3 hours – Agency Relationships
9 hours – elective hours

Reporting: The state does not require schools to report course completions.

Expiration Date of Course: Course expiration dates vary by course. Each individual course will have an expiration date listed in your account. See Terms & Conditions for more details.

Final Exam: Final exams must be passed with a minimum of 70% and may be taken as many times as necessary in order to pass.

Certificates: Immediately upon course completions, The CE Shop will provide students with an electronic copy of the course certificate of completion. Certificates will remain in your account for a minimum of five years, should you need additional copies at a later time. Please refer to your application to determine if you need to submit your certificate(s) of completion. Course completion dates are recorded using Central Standard Time. Please note that the date on your certificate of completion will reflect this.

License Renewal Process: The process to renew in this state is to log in to the licensing system online and follow the prompts to renew.

Post-Licensing: Sales licensees are required to take 14 hours of mandatory commission developed modules for the first renewal. Sales licensees must complete the 7-hour general module and either the 7-hour residential module OR the 7-hour commercial module.

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