Foundations of Real Estate Finance
Financing is integral to real estate transactions, and the more you know about how buyers qualify, the better you'll be able to help both buyers and sellers in your practice.
Course highlights include:
- Roles and regulations of FNMA, GNMA, FHLMC, FHA, and VA
- Affordability Worksheet, to assist clients in calculating their maximum affordable purchase price
- Homebuyer Do's and Don'ts
- Calculating LTV, front-end and back-end ratios, and monthly mortgage payments
- Details and qualification requirements for several popular financing options
State Requirements For Utah
Utah State Requirement Details for Real Estate Broker and Sales Agent Continuing Education
Renewal Date: Licenses are valid for a two-year period and must be renewed no sooner than 45 days prior to and no later than the expiration date. All CE must be completed by the 15th of the renewal month to ensure on-time renewal.
Hours Required by the State: 18 hours
- 3-Hour Mandatory Course in Residential, Commercial, or Property Management
- 6 hours of other core topics
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state-approved forms and contracts
- other industry used forms or contracts
- ethics
- agency, agency agreements, and fiduciary duties
- short sales or sales of bank-owned property
- environmental hazards
- property management
- prevention of real estate and mortgage fraud, including wire fraud
- federal and state real estate laws
- fair housing, diversity, identifying bias, promoting equity, and inclusion
- division administrative rules
- broker trust accounts
- water law, rights and transfer
- multiple offers
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- 9 hours of other core topics or elective topics
Utah Division of Real Estate
Street Address: Heber M. Wells Building, 2nd Floor, 160 East 300 South, Salt Lake City, Utah 84111
Mailing Address: PO Box 146711, Salt Lake City, Utah 84114-6711
Telephone: (801) 530-6747
Email: realestate@utah.gov