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16 Hours Continuing Education & 15 Hours GRI Credit
This course covers all aspects of Real Estate Finance, including:
- The Monetary System
- Understand the history of mortgage financing in the United States
- Know how the governmental fiscal policy impacts the availability of mortgage fundsGain
- Be able to apply Truth in Lending legislation to real estate finance disclosures and advertising
- Differentiate between lien theory and title theory of finance
- Identify common real estate finance documents
- Differentiate between a mortgage and a deed of trust
- Sources of Money
- Know the primary sources of real estate finance money in the United States
- Identify the characteristics of the various types of mortgage loans
- Differentiate between the primary and secondary markets
- Understand the major organizations and purposes of the secondary market
- Know the workings of an installment land contract
- Recognize the availability of an all-inclusive deed of trust as a financing source
- Discuss real estate investment trusts
- Be aware of the restrictions on broker sales of syndications or securities
- Recognize and avoid illegal financing schemes
- Transactions and the Lending Process
- Understand the three types of sales transactions from a monetary perspective
- Know the basic rules of common government-backed loans versus non-government loans
- Explain the residential loan process and its steps
- Know how the credit score can affect the mortgage process
- Insurance
- Know the various types of insurance required for the loan transaction
- Explain mortgage insurance requirements in the real estate process.
Table of Contents
- Part I - Monetary System
- History of Mortgage Financing
- The Concept of Money and Fiscal Policies
- Financing Legislation (Lending Laws)
- Theories of Financing
- Real Estate Documents
- Real Estate Loan Documents
- Foreclosure Procedures
- Sources of Money
- The Primary Market
- Secondary Mortgage Market
- Classification of Loans
- Alternative Financing
- Illegal Financing Manipulations
- Transaction and the Lending Process
- Types of Sales Transactions
- Categories of Real Estate Loans
- The Residential Lending Process
- Loan Costs and Pricing
- Insurance
- Title Insurance
- Homeowner's Insurance
- National Flood Insurance Program (NFIP)
- Mortgage Insurance
- Condominium Insurance
- Rental Policies and Renters Insurance
- Credit Life Insurance
The course contains a downloadable glossary and numerous multiple choice quizzes / exams, and is completed with a multiple choice exam.
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Finance in Real Estate #D397-2900