Real Estate/ Post-Licensing/ Tennessee/ Advocating for Short Sale Clients

Advocating for Short Sale Clients

$39

This product includes:

LICENSE RENEWAL PERIOD: 3 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 Tennessee

Hours Required by the State: 120 Hours before the third anniversary of your broker license

The CE Shop’s Offering: 120 Hours before the third anniversary of your broker license

Provider Approval Number: 1456

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 70% and may be taken a maximum of 2 times.

Special Licenses: There is a special license issued in TN - Designated Agent for Vacation Lodging. This licensee must take CE, but The CE Shop cannot report the course on their behalf. Each licensee must send their certificate(s) directly to the state.

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