agents
Knowledge is power and it will also protect your real estate license!
We are offering an intense training course to teach licensed agents all about short sales; how to protect the sellers and your license. Handling short sales is putting your license at risk if not done correctly.
Many agents listing short sales today are in direct violation of RESPA which comes with a fine of not more than $10,000 or imprisonment for not more than one year or both. Refer to page 18 of the Real Estate Settlement Procedures Act. Violating RESPA is only one of the many ways handling a short sale incorrectly can cause you to lose your license, be charged with fines and even face prison.
Real estate agents that belong to the National Association of Realtors are held to a higher ethical standard. See Articles 11 and 12 of the Code of Ethics that Realtors must adhere to. In addition, the Ohio Division of Real Estate holds agents to a higher standard than the public. See Articles 1,2,4 and 5 of the Canons of Ethics. For those real estate agents outside of Ohio; we recommend you know the real estate law in the state where you practice.
If you do not know how to handle a short sale, refer it to an agent that does. It is not worth the risk!
specialized distressed/short sale training course
If you want to learn how to be successful at closing short sales and all the benefits.
How to find distressed homeowners
Options that are available to distressed homeowners
Misconceptions
Servicer
Lender
Insurance
Partial claim
Forbearance
Deed in lieu
Short sale
Sheriff sale
Why a short sale may benefit the homeowner?
When you should not agree to list a short sale
Listing short sales
Default
Pre foreclosure
Foreclosure
Judicial vs non judicial
Special addendums
RESPA
Homeowner relocation assistance
The benefits as a listing agent
The process
Keeping the sale together
Title companies
Bankruptcy
Multiple liens
Federal and State tax liens
Disputing value
Foreclosure proceedings
Commission
Facilitation
Loss mitigation
Property preservation
Lender Attorneys
PACER
Realty Trac
Agency
HUD rules
Scams
How to protect your license
Water/sewer holdback
HOA
Offers
Mediation
Agent verification
Authorization
Agent referrals
Disclaimers
Communication
Follow up
Files
Settlement statements
Allowed fees
Closing sale
Closing file out
Disclosure
Arm’s Length
Committed to making a difference when it matters most!
We are not attorneys and do not practice law. We are not tax advisors and do not give any tax advice. All information provided is strictly educational.