Virginia Post-Licensing COURSE

Virginia Post-Licensing: Finance
$19
2 Total hours
0 Elective hours
2 Mandatory hours
This is a two-hour mandatory course that will help you meet your Virginia post-licensing education requirements.
It will also bring you up to speed on a crucial aspect of a successful real estate transaction: financing. Success as a real estate professional is dependent on closings, and closings are dependent on finances—including cash deals. Understanding the A to (Regulation) Z of financing will help you and your clients get to the finish line more often.
Course highlights include:
- How financing contingencies apply to the offer
- Comparing pre-qualification to pre-approval
- What the loan commitment means to the buyer’s financing contingency
- How to protect seller client interests when cash offers are received
- Loan programs, including the Virginia Housing Development Authority
- Alternatives to conventional financing
- FHA
- VA
- USDA (an often overlooked option to buyers with little or no down payment)
- Seller financing
- Tax-deferred exchanges
- SAFE Act, RESPA, TRID
- Finance advertising rules, including rules for mortgage providers in Virginia
- A review of key closing documents