Kentucky Real Estate Finance Review
Because the ability obtain financing is directly tied to closing most real estate transactions, the more you know about how buyers are qualified and what makes a strong financial picture, the better you'll be able to assist buyers and sellers alike.
This course reviews real estate loans, describes key players in the primary mortgage market, and discusses the role of the secondary market. We'll look at loan products and their features, including rural development loans and programs through the Kentucky Housing Corporation. Finally, we'll review federal legislation enacted to protect consumers of credit and illegal practices related to mortgage lending and alternatives to foreclosure.
This course fulfills the 3 hours of mandatory instruction on finance for the Kentucky salesperson post-licensing requirements.
Course highlights:
- Common and less common financing techniques
- Mortgage fraud
- Truth in Lending Act (TILA)
- Real Estate Settlement Procedures Act (RESPA)
- Safe Mortgage Licensing Act in Kentucky
- ECOA, HMDA, CRA
- Default and foreclosure and foreclosure alternatives
State Requirements For Kentucky
Kentucky State Requirement Details for Real Estate Sales Associate Post-Licensing Education
Hours Required by the State: 48 hours
- 32 hours of mandatory course topics
- 3-hour Commission Compliance course
- 6 hours in Agency
- 6 hours in Contracts
- 3 hours in Finance
- 3 hours in Advertising
- 3 hours in Disclosure
- 3 hours in Fair Housing
- 3 hours in Technology & Data Security
- 2 hours in Risk Management
- 16 hours of elective course topics
Note: All sales associates licensed after January 1, 2016, are required to complete 48 hours of post-license education within the first 2 years of obtaining an active license.
Kentucky Real Estate Commission
Street Address: Mayo-Underwood Building, 500 Mero Street , 2NE09, Frankfort, Kentucky 40601
Mailing Address: Mayo-Underwood Building, 500 Mero Street , 2NE09, Frankfort, Kentucky 40601
Telephone: (502) 564-7760