Darcy and I had a great experienc today. The states Division of Real Estate has the Director of the Division, the Education Director and the Enforcement Director go around to various areas within the state to do trainings and to meet with Realtors that do not work in the Salt Lake City area. This isn't the first year that they have done this, but it is the first year that Darcy and I have had the day free to attend this training.
It was great information on what they as the head of our division are doing to help us to better do our jobs. To be honest, this is the first time that I have ever heard of this, but they actually reduced our licensing fees by nearly 50%! This is unheard of! They have also gotten to the point that after July 1st, all of our licensing renewals will be done online.
The most interesting aspects of the training of course had to with the Enforcement's Director's part of the training on Fraud. I had no idea just how creative some of these deviant minds were. It honestly amazed me, that they would be able to do what they call "air loans" meaning that the people committing fraud were able to take out a loan on a non existant property. They were able to find a complicet appraiser to do a fraudulent appraisal, and were able to take out a mortgage. It amazed me how much money one of these fraudulent loans, nearly got away with!
Anyway it was good training, and it was good to meet the Directors that run our industry here in Utah! Have a great Weekend!
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