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Everyday Ethics

with Ted Weinstien
Sponsored By Citibank

DECEMBER 07, 2022


10:00 AM to 2:00 PM EST


TiedIn Studios In-Person ONLY

371 S. Oyster Bay Rd. Plainview, NY

Requirements For NYS Licensed Real Estate Salespersons, Brokers, And Realtors

Education requirements for license renewal have changed. Real estate licensees whose licenses expire before July 1, 2021, must complete at least 22.5 hours of continuing education (CE) credit including three hours of fair housing and one hour of agency (two hours if you’re in your first license cycle). REALTORS® must also take an approved Code of Ethics course every three years. All licensees whose licenses expire on or after July 1, 2021, are required to take 22.5 hours of CE credit including three hours of fair housing, one hour of agency (two hours in the first license cycle), two and a half hours of ethical business practices (includes NAR Code of Ethics training) and one hour of recent legal matters (may include statutes, laws, regulations, rules, codes, DOS opinions and decisions, and court decisions). Brokers who were previously exempt from earning CE credit will no longer be exempt when they renew their licenses after July 1, 2021.

About Our Instructors

Ted Weinstien

For the past thirty years, Ted Weinstein has been involved in the foreclosure process. Operating as either principal or agent, Mr. Weinstein has repositioned over 1,000 distressed properties and non-performing notes with a total value in excess of $100,000,000.

In addition to his current REO brokerage activities, Mr. Weinstein teaches Continuing Education courses and speaks at various Real Estate conferences as either the keynote speaker or a panelist.

Beginning his career as a licensed salesperson while attending Brooklyn College, Mr. Weinstein quickly became recognized as a leading producer in his local market. Shortly thereafter, Mr. Weinstein expanded his efforts to additional markets and focused on the purchase, renovation, and sale of distressed residential properties from the time of Lis Pendens through the final auction and sale. He was responsible for REO market prospecting endeavors that generated results ranking the organization first among its competitors. Operating as principal throughout the period 2002-2007, Mr. Weinstein raised sufficient capital to expand his proven architectural platform to include real estate development in Connecticut and Maryland.

Anticipating a market shift in 2007, Mr. Weinstein began the gradual transition from his own purchase, renovation, and sale activities to REO brokerage. His clients have included: Deutsche Bank, Fremont S&L, Lehman Bros., Wells Fargo, Chase Bank, Coldwell Banker, PAS, IAS, EMC, LPS, SingleSource Property Solutions, Equity Pointe, Nation’s First Real Estate Services, Green Tree Servicing, and Litton.

Currently, Mr. Weinstein supervises and directs a staff managing the preservation and sale of occupied and vacant REO throughout New York City and surrounding areas. Additionally, Mr. Weinstein coordinates the tasks of the various REO vendors and performs Broker Price Opinions (BPO) on a regular basis. Institutional sellers of REO rely heavily on the accuracy of the BPO to establish key pricing strategies.

Notable Accomplishments

In 1992, Mr. Weinstein founded Foreclosure Solutions, a consulting company that advised distressed homeowners. Foreshadowing the current trend of loan modifications and short sales, Mr. Weinstein negotiated forbearance agreements, short sales, and various loan workouts directly with the lenders.

From 1994-2002, Mr. Weinstein served as lead acquisition specialist for F.H.B., a large NY/NJ real estate development firm that purchased over 500 homes annually in one-offs and mini-bulk packages. In that capacity, he managed extensive due diligence concerning asset valuation and renovation pricing.

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