Carol Lawhun, CRS, ABR, CNE & Scott Lawhun, CNE

Property By Referral! (Licensed in South Dakota) 550N 5th St, Rapid City, South Dakota 57701
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Carol (& Scott) Lawhun

  • FAQs for Real Estate Pre-Licensing classes

    FAQs:

     

    Q:  Where do I get the textbook which goes with the online course?

    A:  I may have one at my office you can pick up. (Call me at 605-390-2338 to discuss this option). You can also order  the text book through the REcampus link where you registered for the course – on my site there is a tab called ‘bookstore’ where everything is in alphabetical order. The book is “Modern Real Estate Practice, 17th Edition” & is priced at $52.83. The total order cost, including shipping, is then deducted from the remaining cost of the school when you show up the first day of class. It gets the book shipped directly to you.

     

    Q:  Can I come to class before I complete the online version?

    A:  No. The online portion does need to be completed before coming to class, as well as the final test for the online portion. All of the chapter tests can be retaken as many times as needed to pass. The chapter test only gives you one chance. It can be retaken again, just let me know if you need it a second time & I will authorize it to be set up again for you.

     

    Q:  Can I take the entire pre-license school online.

    A:  We only offer it as the first 54-hours online. The remaining 62 hours must be taken in the classroom. A list of all approved schools offering pre-license classes can be found at the SD Real Estate Commission website. http://www.state.sd.us/sdrec/education/prelicensing.htm

     

    Q:  When are your next classes?

    A:  Class schedules are available on my website – the pre-license portal. Scroll to the bottom of the page on the right. My classes all run Monday – Friday, 8:30-4:30 pm, for nine days.

     

    Q:  Is there time off for lunch?

    A:  Yes, we plan on an hour for lunch each day. We do have a small kitchenette with microwave & refrigerator if you want to bring a lunch or drinks with you.

     

    Q:  How much does it really cost to get started in real estate?

    A:  There are several up-front costs, as with any time you begin a new business. The school, the state tests, the license application & fingerprinting fee, the REALTOR board fees (if applicable), equipment, software, advertising, etc. For more information, give me a call (605-390-2338) or email me at caroll@RushmoreSchoolofRealEstate.com.

     

    Q:  Why does my online link lock up on me sometimes?

    A:  You may be using a wireless connection. Sometimes the connection is not stable and it locks up. Technical questions can be addressed with the tech support for the online course provider at either (888) 213-5124 or retechsupport@dearborn.com

     

    Q:  Can I take the online tests more than once?

    A:  Yes. The chapter tests are set up to take as many times as you need. The final exam is set up to only take it one time. However, you can contact me & I will authorize the online provider to make it available again, if needed.

     

    Q:  Is the final exam timed?

    A: Yes. When you start the test and click on it there should be a notice of the time allowed to finish it.

     

    Q:  What should I bring to class?

    A:  Your yellow textbook, note taking materials (either paper & pencil or computer), and a calculator. You can also bring anything you need as far as lunch items, drinks, etc.

     

    Q:  What is the dress code for class?

    A:  Our school is casual, so jeans, shorts, or flip-flops are fine as long as they are not offensive.

     

  • Process for getting a real estate license in South Dakota - 2010, part II

    1. After completing the second test, the student has 60 days to have their application in to the South Dakota Real Estate Commission. On day 61, state law dictates they begin the process again from the beginning. The application fee is $225, plus there is a fingerprint charge of approximately $48. The application is on http://www.state.sd.us/sdrec/.
    2. The license can be left inactive, in which case there are no further requirements until the new licensee activates it. All inactive licenses remain with the Commission in Pierre.
    3. If the new agent knows which company with which they will be associated they can send the appropriate form along with their application. If they decide later they can send the broker association form later requesting their license be sent to the broker. Once the license is activated, the agent will need to carry errors and omissions insurance ($165 and up).
    4. If the licensee associates with a firm which belongs to the National Association of REALTORS (NAR) and has access to the multiple listing service (mls), the agent will all need to join NAR, South Dakota Association of REALTORS, and their local board of REALTORS. This is another significant start-up expense to include in planning for a new career.
    5. Other start up costs may include equipment (computer, cell phone, digital camera, printer), software such as word processor, spreadsheet, email program, and flyer creation software. Additionally may be expenses such as advertising costs, web page, contact manager, signage, business cards, and postage.

    Carol’s rule of thumb – figure $4000 - $6000 for start up costs including school, tests, license, board fees, e&o insurance, and miscellaneous business expenses. For more details please contact me, by phone, 605-390-2338, or email caroll@RushmoreSchoolofRealEstate.com. I look forward to talking to you!

  • Process for getting a real estate license in South Dakota - 2010, part I

    1. Licenses can be denied on the grounds of moral turpitude. If a student is concerned if the commission would deny thier license (perhaps for writing insufficient funds checks, or for a bankruptcy, for example), there is a conditional application available on the SD Real Estate Commission website. This allows a person to apply for the license on the condition they will meet the requirements before spending money on the school and tests.  
    2. South Dakota requires 116 hours of education to start the process. The different schools (which can be found on the SD Real Estate Commission website - http://www.state.sd.us/sdrec/) will offer you different choices - some offer the first 54 hours of class taught either through a CD-ROM or online as a self-paced study course, followed by 62 hours in the classroom. Others offer the entire 116 hours in the classroom. Some schools offer all daytime/weekday classes, others may offer nights or weekends. There is not a standard rate between the schools. As with most businesses, we do our own market research and set our own rates. This will include both national materials and SD state law materials. (SD License Law can be downloaded from the SD Real Estate Commission website given earlier. The schooling is to prepare the student for step two - the state tests.
    3. After completion of all 116 hours, the student has two years to pass both state tests and apply for the license. At two years and one day, they need to start over from the beginning. Both tests are given on a computer and adminstered through www.goamp.com. One test is a multiple choice test, similiar to the tests given in the 54-hour portion of the class. The student needs to pass both national law and SD law portions of the test with a 75% score. The other test is a simulation test rather than a standard multiple choice test. It will combine information gathering skills and decision making skills into story problems. The student needs to pass both the information gathering section and the decision making section with a 75% score. Each time the student takes either test the charge is $95. (So the goal is to pass them both the first time for a total of $190).

     For more details please contact me, by phone, 605-390-2338, or email caroll@RushmoreSchoolofRealEstate.com. I look forward to talking to you!

  • December Real Estate classes

    Our next pre-licensing class begins November 30 and goes week days through December 10th. Before class, students need to finish their online course of 54 hours. To sign up for the online course go to www.RushmoreSchoolofRealEstate.com & click on the Pre-License link. There is a link there to the online course, and I have the corresponding book for the course. The cost is still grandfathered in at the early-2009 rate of $950 plus tax ($1007 total). It will be going up in 2010. The first $500 is payable online as part of the sign-up for the online course. The fee covers all of the materials for the entire course. The balance is due the first day of the classroom training. The 62-hours in class include nine weekdays. Monday through Friday of the first week (November 30 - December 4) run 8:30-4:30 with an hour off for lunch each day. The following week follows the same schedule for Mon December 7 - Wed December 9. On Thursday December 10 we meet 8:30 - 3:30 with an hour off for lunch.

    For a more complete picture of the total cost of getting licensed see my blog entries 'Thinking about a career in Real Estate?' http://www.propertybyreferral.com/blogs/carol__scott_lawhun/archive/2009/08/25/thinking-about-a-career-in-real-estate.aspx  and

    'Updated Costs for getting Licensed'

    http://www.propertybyreferral.com/blogs/carol__scott_lawhun/archive/2009/10/26/updated-costs-for-getting-licensed.aspx

  • Updated costs for getting licensed

    SD real estate licensees are required to carry errors and ommissions insurance. The state policy from RISC is going up in 2010 to a base price of $165.00. There are also three available endorements available for $15 each (one each for fair housing, environmental, and real estate regulatory complaints). The October/November 2009 issue of the South Dakota Real Estate View newsletter, pg 2,  published by the SD Real Estate Commission has a great explanation of this increase. Here is the access link to the newsletter:  http://www.state.sd.us/sdrec/newsletter/newsletters_list.htm.

    Renewal fees for licenses expiring this December are $125.00 and due to be received by the commission no later than November 30, 2009. If the licensee has not completed their necessary continuing education should still make sure their renewal is received by the Real Estate Commission by November 30th. Renewals received after November 30th need to have a late fee included with them or they will be returned.

     New agents have the initial application fee of $225 - application must be received in the commission's office within 60 days of completing the two tests. If the license is issued during the year of 2009, the first renewal will be due November 30, 2010.

    If an agent is part of a board of REALTORS, they will also have their initial board dues before being able to practice real estate. This will cover their orientation, pro-rated state and national Association of REALTOR dues, and the initial local board fees. There may also may a lockbox or lockbox key fee. Our local board ReaderKey lease increased by only $1 this year to $120. Our board also charges monthly for its dues instead of annually. I like having it spread out over time instead of all at once with everything else.

    People looking to get their license will also need to pay for the real estate school (116 hour course), and for both of the required tests ($95 each time either test is taken).

    A cost which varies greatly is the cost of post-licensing or continuing education required for renewing the license. If you are still looking for those classes, links are available from the SD Real Estate Commission (http://www.state.sd.us/sdrec). I am also teaching classes - the full schedule is available at www.RushmoreSchoolOfRealEstate.com.

    If you have any questions, please contact me at 605-484-0557 or caroll@propertybyreferral.com

     

  • Real Estate Class starting soon

    Our next pre-licensing class for becoming a SD real estate agent is starting soon. Students will need to have completed the 54 hour self-paced portion of the class before attending the classroom portion of the real estate school.

    Even though the state increased the total hours needed to complete prelicensing education from 100 hours to 116 hours, we are grandfathering in 100-hour prices this fall. Our cost for school is $950 plus 6% sales tax.

    Classes will be starting September 21, 2009. Monday - Friday 8:30 - 4:30 that week, the same hours the next week Monday - Wed. Thur the second week will be 9:30 - 3:30. Each day we will have an hour off for lunch.

    All classes are held at The Professional Plaza in Rapid City - 550 N 5th Street. This is an office building just up from the Civic Center. The building is on the corner of N 5th (where it turns to Haines Ave) and North Street. We have a beautiful fountain outside.

    If you are interested in beginning your real estate career, please contact me to start your self-paced portion of the study! Carol Lawhun, ABR, CNE, CRS, Instructor - Rushmore School of Real Estate and REALTOR with The Real Estate Group. caroll@rushmoreschoolofrealestate.com or 605-390-2338.

  • Thinking about a career in Real Estate?

    • Q:  What startup costs should be considered in starting a real estate career? 
    • A:  The startup costs come in stages
      • Real Estate School - SD Law currently requires the completion of 116 hours of Pre-License Education. The school can follow a couple of different formats. The entire 116 hours can be taught in the classroom or the school may use a self-paced course for the first 54 hours of education and finish with 62 hours in the classroom. Rushmore School of Real Estate, where I teach, uses the self-paced option. Each school sets its own price. Tests may be retaken if the student does not pass the first time.
      • SD real estate tests - there are two tests which must be passed to qualify for a real estate Broker Associate License. Testing centers are in Rapid City & Sioux Falls. Each test is 3.5 hours. The national info & SD state law test must have both sections passed. The simulation tests over Information Gathering and Decision Making skills. It simulates real world type application. The test is administered by AMP - their website with a candidate handbook with great information is http://goamp.com/examination.aspx?p_category=REAL%20ESTATE&p_client_code=SDCT&p_exam_id=1303
      • Each of the licensing tests cost $95 each time you take them. If you pass one and fail the other you only need to retake the one you failed.
      • SD Real Estate License application - $225. It is possible to be turned down for 'moral turpitude' reasons. A person wondering if their application would be turned down or accepted may apply first & get approval pending finishing the qualifications. The full explanation and application can be found on the SD Real Estate Commission website - http://www.state.sd.us/sdrec/
      • If you affiliate with a company which is part of the multiple listing service (mls), you will join the National Association of REALTORS (NAR), the SD Association of REALTORS, and your local board. Each association has fees associated with it. The initial fees will be paid to your local board when you affiliate with your company. This is a substantial fee which changes by board and by the month of the year you join.
      • As a REALTOR, you will need to be able to open lock boxes at listed homes. The 2009 lease for the computerized key to access these boxes in our local board is $119.
      • People getting their initial Broker Associate in 2009 will need to renew their license by the end of November 2010. Cost for renewal is $125. In order to renew they will also need to have completed 30 hours of post licensing education. These classes are offered by different providers and have varying costs.
      • Equipment costs - each agent is an independent contractor and will need to supply their own equipment. these may include computer, printer, cell phone, and digital camera. There may also be software needs such as a contact manager.
      • Routine business operating costs such as advertising, mailing, and flyers.
      • Income is split with your owner broker; there may be monthly costs associated with your office. A good rule of thumb is to have three to six months income set aside to live on as your start your new business.

     If you have any questions, please contact me - Carol Lawhun, ABR, CNE, CRS, Instructor with Rushmore School of Real Estate & REALTOR with The Real Estate Group

  • Ranch style home For Sale in Piedmont

    Navajo Rd (2)
    Gracious living on 1.08 acres

    • 3,093 sq. ft., 3 bath, 4 bdrm ranch - MLS® $293,000 - One-of-a kind property

     -  "Absolutely Stupendous" are the only words to describe this immaculate, one of a kind property. Totally & tastefully updated inside & out using high quality materials & professional installation. Beautiful landscaping, a gardeners delight. Updates in the last few years include Main level bath professionally remodeled 08, new 50-year hail resistant shingles '07, attic fan & gutters in 07, vinyl coated chain link fence 07, reverse osmosis water purification system 08.Kitchen has pantry & eating bar. Flagstone patio off kitchen. Cork flooring in dining room, master bath & entry. Great sunroom for enjoying the backyard yearround. Lower level has nice bonus room in addition to family room. LOTS of Storage!! Easy flow for entertaining. AWESOME sunroom for comfortably enjoying the outside in all weather. Newer 36' x 25' Gargage is handyman's dream! Black Hawk water line to lot line in late 2008 for future city hookup. Water heater replaced in 2005. Newer bath fans & light fixtures. Electrical hookup for hot tub. Sprinkler system for much of the lawn area.Downstairs bedroom NTC (no window) has large cedar-lined closet. Bonus room between main home & garage is paneled & has ceiling heat source, A/C & has potential for installing laundry. Newer range hood. Measurements differ from DOE - buyer or their agent to verify. Floor in bonus room off kitchen will be repainted before closing.

    Property information