Real Estate/ Continuing Education/ New York/ Advocating for Short Sale Clients

Advocating for Short Sale Clients

$39

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 New York

New York State Requirement Details for Real Estate Continuing Education - First Time Sales License Renewal

Renewal Date: Every two years by the exact day of your license anniversary date

Hours Required: 22.5 hours

2 hours implicit bias
2 hours cultural competency
3 hours fair housing
2.5 hours ethical business practices
1 hour legal matters
2 agency hours
10 elective hours

The CE Shop is an approved school in New York.

The CE Shop’s Offering: 22.5 hours

2 hours implicit bias
2 hours cultural competency
3 hours fair housing
2.5 hours ethical business practices
1 hour legal matters
2 agency hours for initial license renewal
10 elective hours

Reporting: New York is an audit state that does not require course completions to be reported by education providers. Licensees must keep copies of their course completions in the event they are audited. Licensees can download a copy of course certificates from our website at any time.

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.

Final Exam: Final exams must be passed with at least a 75% and may be taken as many times as necessary in order to pass.

License Renewal Process: The process to renew in this state is to log in to the licensing system online and follow the prompts to renew.

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.

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