Kentucky Post-Licensing COURSE
Kentucky Real Estate Finance Review (PLE - Finance)
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.
- 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