Real Estate/ Continuing Education/ California/ Advocating for Short Sale Clients

(Consumer Protection) Advocating for Short Sale Clients

$29

This product includes:

LICENSE RENEWAL PERIOD: 4 YEARS Elective Hours: 3 Mandatory Hours: 0 Total Hours: 3

Description

State Requirements

Tactics that work with motivated, excited sellers don't always translate well when working with short sale sellers and short sale buyers. Add lender approvals, junior lien holders, and inflexible timelines into the mix, and you end up with a whole new ball game.

In a short sale transaction, the motivation for each party is different than the standard transaction, and as the professional in the scene, you need to adjust accordingly. This course speaks to your interaction with short sale sellers, and how you can help them through a tough process while diligently advocating on their behalf. We cover how to figure out an appropriate listing price, negotiate with the lender's representative, sort through debt settlement terminology, and carry the deal through to closing. We also look at the process from a buyer's agent perspective. Additional cautions, considerations, and fraud prevention tactics are required when advocating on behalf of these deal-seeking buyers.

Package Content:

State Requirements For California

California State Requirement Details for Real Estate Continuing Education

Renewal Date: Every 4 years

Hours Required: 45 hours

Real estate brokers renewing for the first time must complete 45 clock hours of DRE-approved continuing education consisting of:

Five separate 3-hour courses in the following subjects: ethics, agency, trust fund handling, risk management, management and supervision
3-hour course in fair housing include an interactive participatory component
2-hour course in implicit bias training; and
A minimum of 18 hours of consumer protection courses; and
The remaining clock hours to complete the 45 hours of continuing education may be related to either consumer service or consumer protection courses.

DRE Disclaimer: The courses in this California catalog are approved for continuing education by the California Department of Real Estate. Sponsor ID number 6314. However, these course approvals do not constitute an endorsement of the views or opinions expressed by the course sponsor, instructor, authors, or lecturers.

The CE Shop’s Offering: 45 hours

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

Seat Time: It is required that all students spend a minimum amount of seat time engaged in the course content. Our online course delivery system manages this requirement for you.

Max Hours in a 24-Hour Period: Students will not receive credit for more than 15 hours of continuing education in a 24-hour period. Our online course delivery system manages this requirement for you.

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.

Certificates: Immediately upon real estate course completion, 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 renewal application to determine if you need to submit your certificate(s) of completion with your renewal. Course completion dates are recorded using Central Standard Time. Please note that the date on your certificate of completion will reflect this.

Final Exams: Final exams must be passed with a minimum of 70% and may be taken a maximum of 2 times. If you do not pass the exams after your second attempt, you may contact customer support to re-enroll at no cost and retake the entire course from the beginning. You are allotted one minute per question on the final exams.

DRE Survey: A course and instructor evaluation is available on the California Department of Real Estate website.

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