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Real Estate/ Post-Licensing/ Kentucky/ Kentucky Real Estate Finance Review
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Kentucky Real Estate Finance Review

$45
This product includes:
LICENSE RENEWAL PERIOD: 2 YEARS Elective Hours: 0 Mandatory Hours: 3 Total Hours: 3
Description
State Requirements

Because the ability obtain financing is directly tied to closing most real estate transactions, the more you know about how buyers are qualified and what makes a strong financial picture, the better you'll be able to assist buyers and sellers alike.

This course reviews real estate loans, describes key players in the primary mortgage market, and discusses the role of the secondary market. We'll look at loan products and their features, including rural development loans and programs through the Kentucky Housing Corporation. Finally, we'll review federal legislation enacted to protect consumers of credit and illegal practices related to mortgage lending and alternatives to foreclosure.

This course fulfills the 3 hours of mandatory instruction on finance for the Kentucky salesperson post-licensing requirements.

Course highlights:

  • Common and less common financing techniques
  • Mortgage fraud
  • Truth in Lending Act (TILA)
  • Real Estate Settlement Procedures Act (RESPA)
  • Safe Mortgage Licensing Act in Kentucky
  • ECOA, HMDA, CRA
  • Default and foreclosure and foreclosure alternatives

Package Content:

State Requirements For Kentucky

Kentucky State Requirement Details for Real Estate Sales Associate Post-Licensing Education

Hours Required by the State: 48 hours

  • 32 hours of mandatory course topics
    • 3-hour Commission Compliance course
    • 6 hours in Agency
    • 6 hours in Contracts
    • 3 hours in Finance
    • 3 hours in Advertising
    • 3 hours in Disclosure
    • 3 hours in Fair Housing
    • 3 hours in Technology & Data Security
    • 2 hours in Risk Management
  • 16 hours of elective course topics

Note: All sales associates licensed after January 1, 2016, are required to complete 48 hours of post-license education within the first 2 years of obtaining an active license.

The CE Shop's Offering: 48 hours

  • 32 hours of mandatory courses
    • 3-hour KREC Licensee Compliance (Commission Compliance course)
    • 6 hours in Agency
    • 6 hours in Contracts
    • 3 hours in Finance
    • 3 hours in Advertising
    • 3 hours in Disclosure
    • 3 hours in Fair Housing
    • 3 hours in Technology & Data Security
    • 2 hours in Risk Management
  • 16 hours of elective courses

The CE Shop LLC is licensed by the Kentucky Commission for Proprietary Education.

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 course completions, 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 application to determine if you need to submit your certificate(s) of completion. 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 a minimum of 75%.

Max Hours in a 24-Hour Period: Students will not receive credit for more than 9 hours of postlicense education in a 24-hour period. Our online course delivery system manages this requirement for you.

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

 

Kentucky Real Estate Commission

Street Address: Mayo-Underwood Building, 500 Mero Street , 2NE09, Frankfort, Kentucky 40601

Mailing Address: Mayo-Underwood Building, 500 Mero Street , 2NE09, Frankfort, Kentucky 40601

Telephone: (502) 564-7760

Kentucky Real Estate Commission

KREC Post-License