With the rising demand for investing in real estate, agents are needed to mediate as investors look for their next flip. Investors that plan to flip and sell a property are common, but the transaction looks very different from the traditional buyer/seller situation. This course aims to educate the agent on the best strategies when working with investors so they can maximize the potential of the undervalued property being sold.
By the end of this course, participants will be able to:
- Define what is an undervalued property
- Understand how undervalued properties a type of investment can be
- Dissect the significance behind statistics for house flipping
- Define what is a quick fix flip buying
- List and define the four real estate market conditions and how it affects the pricing of undervalued property
- Define what is a foreclosed, distressed property and normal homes
- Compare and contrast the advantages and disadvantages of buying undervalued properties
- List and define the step-by-step role of the real estate agent in guiding investors for acquiring undervalued real estate properties
- List and define the advantages of having a real estate agent in buying undervalued property
When a homebuyer is anxious to find their perfect home, they will often setup viewings before being pre-approved for a mortgage loan; this can lead to many questions that a real estate professional might not be able to answer. The ability to answer these questions could make the difference in a sale going through or not. By taking this course, the real estate professional will become better educated on the loan programs that are available to homebuyers through the United States government. This will not only give them the ability to answer some of those questions, but also provide their clients with a list of resources for funding their perfect home.
By the end of this course, participants will be able to:
- Describe the various government loan programs that are available to homebuyers
- Briefly explain the history of loan programs with the United States government
- Understand how each government loan program changes the transaction process
- Answer client questions regarding what loan programs they might qualify for and where to access more information
This course aims to educate real estate professionals on the dangers of identity theft, including how to protect themselves and their clients. Sensitive information is passed between agents, buyers, sellers, lenders, and insurance companies; a leak of this information could lead to catastrophic damage in their life, ruining any chance they have of a successful real estate transaction. By educating professionals in the real estate industry of identity theft risks, they can better educate their clients on the warning signs, as well as work with clients who have been through identity theft in the past.
By the end of this course, participants will be able to:
- Define and explain identity theft
- Analyze the impact of ID Theft in the US real-estate industry
- Cite and define the laws that govern realtors in the US
- List and enumerate ID Theft strategies used by criminals with corresponding solutions.
- Enumerate and answer the Frequently asked questions regarding ID theft for realtors
- Explain the first steps to take when you, or someone you know, suspects identity theft
- List and explain ways on how to detect identity theft in real-estate transactions
- Describe how identity theft affects real estate transactions
- Understand how to work with clients who have been victims of identity theft
- List and define the following common identity fraud situations
- Analyze each case study about real-estate ID Theft
This course equips real estate professionals with the knowledge and tools to navigate the evolving landscape of asset-based lending. Participants will delve into the intricacies of asset-based lending in real estate, exploring its applications, advantages, and potential pitfalls. Through interactive learning experiences, learners will gain practical insights into leveraging asset-based lending to enhance their real estate transactions and investments effectively in today's dynamic market.
By the end of this course, participants will be able to:
- Define asset-based lending and its relevance in the contemporary real estate industry.
- Identify key assets utilized in asset-based lending transactions and their valuation methods.
- Evaluate the benefits and risks associated with asset-based lending for real estate professionals.
- Navigate the application process for asset-based lending, including eligibility criteria and documentation requirements.
- Analyze real-world case studies to understand the strategic use of asset-based lending in diverse real estate scenarios.
- Develop risk mitigation strategies to safeguard real estate investments when employing asset-based lending.
In an era where homes are becoming old and outdated, many individuals are wanting to build their dream properties rather than buy. It may seem easy to get a loan, pick out a design, and tell the builders to build it, but it isn’t that simple. This course examines the loan aspects of building a new home, from the approval process to the step-by-step requirements as the home is being built. How a new construction loan differs from a traditional mortgage is also discussed, along with the role of the agent in the entire process.
By the end of this course, participants will be able to:
- Define what is a New Construction Loan.
- List and define the costs covered when you avail of a new construction loan.
- List and define the types of new construction loans.
- Compare and contrast new construction loan versus traditional mortgage.
- Analyze a construction loan example or case study.
- List the basic requirements when availing a new construction loan.
- Understand how the new construction loan amount is often calculated.
- List and define the step-by-step standard loan process for construction loans.
- Understand frequently asked questions for new construction loans
- List and explain tips on how to choose the right lender for a construction loan.
This course covers how to manage risks in the real estate industry. Whether or not a realtor is independent, it is important for them to have a basic knowledge of business insurance as it relates to the real estate industry. Understanding and managing the risks with owning a small business is covered, along with the types of coverage available depending on the Realtors’ situation.
By the end of this course, participants will be able to:
- Explain the risks Realtors face
- Identify the types of insurance Realtors must have
- Identify other types of insurance a Realtor should consider
- Explain why insurance is important for Realtors
- Explain the exclusions that Realtors need to be aware of
The Mortgage Loan Process can be very tedious. It is very important that a real-estate agent is fully aware of the step-by-step process. This is necessary to diligently guide the home buyer throughout the deal. It is very important for the house buyer and the real-estate agent to monitor and keep each other updated with the progress of a loan application. Each stage is very crucial and vital for the evaluation of a mortgage loan application. A real-estate agent must be knowledgeable enough to guide the home buyer throughout the mortgage loan process and align them with the expectations of buying a new home.
By the end of this course, participants will be able to:
- List and define the steps that are included to increase the chances of getting a loan
- Enumerate the guidelines (or things to remember) before applying for a Mortgage Loan
- Cite the different requirements/ documents for each Mortgage Loan Process Stage
- Define what each stage are all about
- List and define the guidelines that must be met for every Mortgage Loan Process Stage
- Cite the elements that are needed for Mortgage Loan Applications
- Enumerate the tasks of a Loan Processor and Mortgage Underwriter, respectively
- List and define the sub-steps of an approved and closed loan
TRID, or TILA/RESPA, took effect in 2015 for the purpose of harmonizing the Real Estate Settlement Procedures Act (RESPA) and Truth in Lending Act (TILA) disclosures and regulations. Under this newer legislation, the degree of risk aversion increased, leading to the closing process becoming more tightly lender-controlled. Since RESPA and TILA have conflicting disclosures and procedures, NAR was able to add transparency, simplify disclosures, and reduce burdens to settlement service providers, including real estate professionals.
Upon completion of this course, the attendee will be able to:
- Identify the milestones in the history of TRID and how it came to be
- Analyze the points of NAR against or for TRID
- Define what is the Know before you owe rule
- List and define the necessary guidelines in buying a house in accordance with TRID
- List and define the Enforcement Procedures for RESPA violations
- Identify the FAQs for the TILA/RESPA Rule
- List and define loan estimate disclosures and the information required
- List and define closing disclosures and the general information on the form
- Understand the obligations under the TILA- RESPA Rule
- Understand the impact of TRID to real estate professionals
Foreign Investment in real estate property tax is a withholding tax issued to foreign sellers for US real estate purchases. It was enacted way back 1980. If the law applies to you, it is important to know the regulations, processes and forms needed to validate the purchase sell, as to avoid penalties. FIRPTA’s scope and limitations will be discussed in this module. It aims to guide the real estate agent in mediating between the US Internal Revenue Service and the foreign seller. This law imposes tax revenue to be remitted within 20 days after the closing of the purchase deal.
By the end of this course, participants will be able to:
- Analyze the pros and cons of the US real estate industry among foreign investors.
- Define and cite the importance of the FIRPTA Law.
- List and define the commonly used terms for FIRPTA.
- Understand the associated tax implications on the part of the advisors (e.g., real estate agent and investors) to efficiently maximize returns.
- Understand how FIRPTA works.
- Define what is US Real Estate Property Interest.
- List and define the scope and limitations of USRPI
- Defining the term “foreign person”, “Withholding Agent”, and Buyer’s Affidavit”.
- Cite an example on how to compute the FIRPTA withholding rate or charge.
- List and define the guidelines that should be followed to ensure the smooth flow of a FIRPTA application.
- List and define the required documents and forms needed by the investor and advisors.
- Cite the common questions and the corresponding answers regarding FIRPTA.
The US Department of Veterans Affairs offers home ownership programs that are exclusively available to active-duty military members, military veterans, and their surviving spouses. These programs come in the form of VA-backed loans that offer flexible terms and conditions, not often available with conventional loans. Real Estate professionals are an integral part of the real estate transaction and are not often familiar with how the VA Loan process differs from other loans available. This course covers the best practices for working with military clients, along with an in-depth understanding of VA-backed loan types, the VA loan process, and unique documentation that is required.
By the end of this course, participants will be able to:
- Define VA-backed home loan
- List and describe the types of VA-backed loans
- Differentiate between a VA-backed loan and conventional loan
- Review the home buying process for clients using a VA-backed loan
- Explain what documentation is required to obtain a VA-backed loan
- Describe the best practices for working with military clients
Credit scores a crucial component of the homebuying process, impacting everything from the size of the mortgage payment to the interest rate on a home loan. When it comes to credit, there is a lot to know, from how credit works and what a credit score means, to understanding different factors that affect your credit, not to mention the different credit bureaus. As a real estate agent, it is important to understand credit scores and how they can affect your potential clients.
By the end of this course, participants will be able to:
- Explain the difference between credit scores and credit reports
- Understand factors that affect credit scores
- Understand steps to take to increase credit scores
- How credit scores affect mortgages
- Understand how credit scores play a large role in the homebuying process and how they can affect mortgages
1107 FM 1431 Ste. 270
Marble Falls, TX 78754
Phone: 877-280-2937
www.acehomemortgage.com