Mitigate Risk for Buyers With Financing

Agents act as a fiduciary to their buyers. Buyers rely upon Loan Officers for financing advice. Since Texas does not enforce a competency standard on Loan Officers, agents may not be aware of some of the risks facing their buyers or know how to mitigate those risks. This course teaches agents the core lending concepts they need to know in order to fulfill their fiduciary duty and avoid a lack of competency. Agents will learn how to identify risks before and after offer acceptance, and ways they can reduce those risks to protect their buyers. This course also shows agents how to create a list of recommended lenders that avoids a RESPA violation, that will reduce the risk of a TREC complaint under Rule 535.148, and that helps support the agent’s reputation in the communities they serve.

3 Hours CE, TREC #47474, Provider: Texas REALTORS #0001

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Do you have questions about your license, or need clarification on contract matter? Visit the Texas Real Estate Commission TREC