Real Estate/ Continuing Education/ Rhode Island/ Foundations of Real Estate Finance

Foundations of Real Estate Finance (Core Credit On or After 2/13/2025)

$69

This product includes:

LICENSE RENEWAL PERIOD: 2 YEARS Elective Hours: 0 Mandatory Hours: 6 Total Hours: 6

Description

State Requirements

Financing is integral to real estate transactions, and the more you know about how buyers qualify, the better you'll be able to help both buyers and sellers in your practice.

Course highlights include:

Roles and regulations of FNMA, GNMA, FHLMC, FHA, and VA
Affordability Worksheet, to assist clients in calculating their maximum affordable purchase price
Homebuyer Do's and Don'ts
Calculating LTV, front-end and back-end ratios, and monthly mortgage payments
Details and qualification requirements for several popular financing options

Package Content:

State Requirements For Rhode Island

Rhode Island State Requirement Details for Real Estate Continuing Education

Renewal Date: Every two years based on license issuance date.

Hours Required by the State: 24 hours

The CE Shop’s Offering: 24 hours

The CE Shop is an approved provider in Rhode Island.

Provider Approval Number: REE.0001007

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

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 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.

New Licensee Information: Any real estate broker's and/or salesperson's license whose application for an initial broker's and/or salesperson's license is approved within one hundred eighty (180) days of the expiration date of his or her initial license is not subject to the continuing education requirement at the time of his or her first renewal.

License Expiration: At no time shall any license be renewed without examination if the license has expired beyond a period of one year.