Utah Real Estate Continuing Education Qualifying - Buyer and Property

Qualifying - Buyer and Property

30.00 30.00
$30.00
PRICE PER USER
$
X
USERS


=
SUBTOTAL
$
  • Course Delivery: On Demand
  • Credit Hours: 3
  • Credit Type: Core

Chat Live | Contact Us | Toll Free: (888) 360-8764

 

Description

This course explores the roles and practices of underwriters and appraisers as they qualify borrowers and properties for loans. Other requirements for loans, leases, and titles will also be discussed. The student will examine loan settlement procedures, the role of the Truth-in-Lending Act, and the effects of the Fair Housing Act and the Americans with Disabilities Act.

 

Course Objectives

Upon completion of this course, the student will be able to:
- Explain how an underwriter determines the qualifications of a borrower for a loan; Name the underwriting standards used by the FHLMC and FNMA; Recall how these underwriting standards are utilized
- Name the underwriting standards for loans used by the FHA; List the qualifying standards for loans used by the VA; Recall how these underwriting standards are utilized
- Explain the role of appraisers in the lending process; Tell how appraisers use market value as part of the appraisal process; Describe the three appraisal methods used by Licensed and Certified Appraisers
- Explain the importance of the appraisal process for lending agents and brokers; List the considerations used by residential appraisers; Name the conditions for other property types
- Discuss home builder commitment methods; Expound upon the significance of loan-to-value ratios; Identify dollar limitation amounts for residential loans; Clarify the differences between various land leases such as unsubordinated ground leases, subordinated agreement leases, leasebacks, and build-to-suit leases; Recognize the role of the SEC in real estate transactions; Explain seller-financed mortgages; Define foreclosure, explain the reasons for it and describe the various types; Differentiate regulations for condominiums, cooperative apartments, and manufactured homes
- List and define the three major types of legal descriptions for property; Identify land title requirements, loan settlement procedures and requirements, and the role of the Truth-in-Lending Act on these items; Explain how the ADA affects construction and remodeling; Describe the Fair Housing Act; Describe property characteristics

 

Topics Covered

This course covers the following topics:
- Qualifying the Borrower: Part 1
- Qualifying the Borrower: Part 2
- Qualifying the Property: Part 1
- Qualifying the Property: Part 2
- Loans and Leases
- Titles

 

Regulatory Information

Qualifying - Buyer and Property - Utah Division of Real Estate

  • Name:
  • Utah Division of Real Estate
  • Phone:
  • 801-530-6747
  • Fax:
  • 801-526-4387
  • Website URL:
  • http://realestate.utah.gov/realestate/index.html
  • Email Address:
  • [email protected]
  • Address:
  • Heber M. Wells Building, 2nd Floor 160 East 300 South
  • City:
  • Salt Lake City
  • State:
  • UT
  • Zip:
  • 84111-2305
 

Prerequisites

There are no prerequisites required for this course

 

Subject Matter Expert

All course material updated and maintained by 360training.com

 

End of Course Instructions

Once you have completed this continuing education course you return to your student profile page where your Certificate of Completion is available for printing. Please keep a copy of your certificate for your own records.

 

Quiz Information

You must receive a 70% on the lesson quizzes to move on to the final exam

 

Exams

You will be required to pass the final exam with a 70% in order to receive course credit.

 

Got questions? Contact us below or call 877-881-2235

Why choose 360training.com?

  • Fast and easy course completion
  • Get an education faster than at traditional colleges!
  • 100% online - No classroom attendance required.
  • Unlimited 24x7 online customer support
  • Over 500,000+ certified nationwide

What your registration includes:

  • Updated, relevant training content
  • Unlimited, 24/7 toll free phone and online chat support
  • Easily-accessible online platform
  • Learn on your own schedule