425 Real Estate Finance II (30 Hours PDF)

Take a deep dive into real estate finance, including loan qualification, mortgage types, closing costs, foreclosure, and more. TREC provider #4591. Start now!

Includes: Certificate of Completion

Approval: #425

Credit Type: Sales Apprentice Education

Credit: 30 Hour(s) | Language: English

4.0 (1 Review)

About this Course

Fulfill Texas Sales Apprentice Education (SAE) requirements with this introduction to real estate finance.

We'll start with a look at how the government influences real estate finance through agencies such as the Federal Reserve (the Fed) and the Department of Housing and Urban Development (HUD). We'll also examine how the forces of supply and demand in the real estate market affect and are affected by the primary lending market

Most real estate is purchased with borrowed money, though the methods of finance vary. Making real estate loans carries a certain amount of risk for lenders; for this reason, lenders must have a firm grasp of a borrower's financial qualifications.

In this course, you'll learn how lenders qualify loan applicants by considering their income, credit, debt, source of funds, and net worth. You'll also learn how they qualify the property the applicant wants to mortgage. We'll discuss the different methods of valuation in depth so that you'll feel confident and familiar with them when you meet them in the real world.

We'll discuss how title (abstract ownership rights to the property) is transferred to the buyer with a deed. You'll also discover the earnest money contract: terms, contingencies, and earnest money deposits.

Then, we'll turn the focus to closing. We'll examine the customary costs involved in a real estate transaction, how certain items are prorated between the buyer and the seller, and the requirements set forth by the Real Estate Settlement Procedures Act (RESPA).

This course also covers foreclosure. We'll consider what happens when a borrower is in default of the mortgage contract. You'll discover how lenders may help borrowers prevent foreclosure through forbearance, moratoriums, and recasting. You'll also learn how, when these techniques fail, the property is foreclosed and sold at auction so the creditors are repaid.

No real estate finance course would be complete without discussing the types of mortgages available. We'll look at the elements of conventional loans, both conforming and nonconforming, with a special look at FHA-insured and VA-guaranteed loans.

We'll also look at non-conventional loans like adjustable rate mortgages (ARMs), graduated payment mortgages, growth equity mortgages, and reverse annuity mortgages. You'll discover the advantages and disadvantages of each type of financing so that you can understand the decision-making process inherent in real estate finance.

Finally, we'll explore a financing topic important to real estate investment: Internal Revenue Code (IRC) Section 1031 exchanges, often called a 1031 exchange.

The course ends with a real-world practice lesson that brings together the concepts and material discussed throughout the entire course.


Note: The course itself is delivered via PDF, while the exam will need to be taken online.

Course Facts


What You Get

Certificate of completion


Credit Hours

30 hours


Learning Type

Online, Available 24/7


Course Structure

At your own pace, save progress as you go



Support available by email, phone, or chat


Course Updates

Content is updated and current

Topics Covered

  • Intro to Real Estate Finance
  • The Effect of the Market and the Government on Real Estate Finance
  • Financial Qualifications
  • Property Valuation
  • The Financing Process
  • Real Estate Closings
  • Closing Expenses
  • The HUD-1 Settlement Statement
  • Foreclosure
  • Conventional Loans
  • Alternative Financial Instruments
  • FHA Loans
  • VA Loans
  • Federal and State Laws and Regulations
  • Contemporary Real Estate Finance
  • 1031 Exchanges
  • Contracts
  • Real Estate Practice


When Does My Course Expire?

Your course will expire one (1) year after you purchase it (the date you submit payment), unless the course itself indicates otherwise.

For more information about course expiration dates, please read Terms of Use.

How Quickly Will I Get My Certificate of Completion?

Once you finish your course and pass any required exams, you can print your certificate of completion right away.

What Can I Do If I Lose My Certificate?

If you lose your certificate of completion and need a new one, you can contact customer service at (877) 881-2235 or support@360training.com.

What If I Need a Refund for My Training Course?

If for some reason you are not happy and would like a refund, send us a request within 72 hours of purchase. Here are the eligibility requirements you must meet:

  • Your purchase was made no more than 72 hours prior to your refund request.
  • You have NOT
    • Attempted any portion of a test or exam.
    • Requested or been issued a certificate of completion.
    • Completed 50% or more of the purchased course.

If you meet all of these criteria, submit your refund request in writing via email to support@360training.com with a proof-of-purchase receipt and an explanation for why you are requesting a refund.

You can find more information about our refund policy here.

Regulatory Information

Name:Texas Real Estate Commission
Website URL:https://www.trec.texas.gov/
Email Address:information@trec.texas.gov
Address:1700 N. Congress Avenue, Ste. 400

Customer Reviews

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