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Real Estate/ Continuing Education/ Delaware/ Advocating for Short Sale Clients
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Advocating for Short Sale Clients (Module 7)

$49
This product includes:
LICENSE RENEWAL PERIOD: 2 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 Delaware

Delaware State Requirement Details for Real Estate Continuing Education

Renewal Date: 4/30 every even-numbered year

Required Content for First Renewal:

  • If you are a newly-licensed Broker or Associate Broker or if you are a Salesperson licensed by reciprocity, the content of your CE must be based on the required Module Course Contents.

If this is your first renewal, and you hold a:

BROKER, ASSOCIATE BROKER, SALESPERSON LICENSE
 IF you are issued the license… THEN you must complete… On or after 5/1 even years but before 11/1 even years         18 hours On or after 11/1 even years but before 5/1 odd years         12 hours On or after 5/1 odd years but before 11/1 odd years          6 hours On or after 11/1 odd years but before 1/1 even years          0 hours On or after 1/1 even years but before 5/1 even years         21 hours

 

Newly-licensed Salespersons are required to complete four modules of continuing education (CE) within the first 90 days of licensure. Licensees will be required to attest on their first renewal application that they have completed this coursework. If you are a newly-licensed Salesperson who was not previously licensed in another jurisdiction, the content of your CE must meet the following requirements:

Required by the State for Subsequent Renewals: 21 hours

  • 3 hours in Module 1 (agency and fair housing)
  • 3 hours in Module 2 (professional standards)
  • 3 hours in Module 3 (real estate documents)
  • 3 hours in Module 4 (office management)
  • 3 hours in Module 5 (legislative issues)
  • 3 hours in Module 6 (practices of real estate)
  • 3 hours in Module 7 (electives)

Note: courses approved for Modules 1 – 6 automatically qualify for credit for Module 7

The CE Shop’s Offering: 15 hours

Reporting: The state requires course completions to be reported to the state. We will report your course to the state upon completion.

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 Exam: Final exams must be passed with at least a 80% and may be taken as many times as necessary in order to pass.

Seat Time: The Delaware Real Estate Commission requires 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.

License Renewal Process: The process to renew a license in Delaware is to log in to the licensing system online and follow the prompts to renew. 

Still have questions? Visit our Frequently Asked Questions or Contact Us.

Delaware Real Estate Commission

Street Address: Cannon Building, 861 Silver Lake Blvd., Suite 203, Dover, DE 19904

Telephone: 302.744.4500

Fax: 302.739.2711

License Information

Renewal and Continuing Education Information

Exam Information

Contact Delaware Real Estate Commission