Should a Realtor Get Mortgage Training?

By
Real Estate Broker/Owner with Aspen Lane Real Estate Colorful Colorado CRE# 40005863

Now that I have been working back in the mortgage world as well as being a Colorado Real Estate Broker, I can truly see the benefit of knowing both sides of the industry.

 

There are so many things in the mortgage world that a Realtor should get familiar with if they are going to be a valuable resource to their clients.

 

Of course, as Realtors, we have loads of continuing education to keep up to speed on the ever-changing real estate regulations.  In Colorado, we are required to complete at least 24 hours of continuing education every 3 years in order to maintain our license.  Since 12 of those are elective courses, I highly recommend taking some mortgage related courses. 

 

One course which I just completed and found very useful is 
KEEPING IT HONEST:
UNDERSTANDING REAL ESTATE AND MORTGAGE FRAUD

This is a course I took through theceshop.com

I love this site because I can work at my own pace and complete my ce credits throughout the year.  The prices are very reasonable and the class curriculum is very thorough. 

 

They offer another course which I think would be very beneficial to Realtors:

FROM CONTRACT TO KEYS:
THE MORTGAGE PROCESS

This is a 6 hour CE Credit class and is offered for only $59.00.

 

Managing your real estate transaction closely with your lender is the best way to insure a successful - timely closing. 

 

 

 

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Rainmaker
3,268,569
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Good morning,  Belinda --- I agree. Knowledge is power. Let it grow.

Oct 19, 2018 08:15 AM #1
Rainmaker
1,869,457
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Belinda - it is such an integral part of your business.  I would want to know it.

Oct 19, 2018 08:19 AM #2
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Hannah Williams
Re/Max Eastern inc. - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-953-8818

Our mortgage banker keep us up to date on a regular basis Belinda Spillman  They come to the office and  keep us up to date .  If this course is good for continuing ed then it good to consider looking into 

Oct 19, 2018 08:24 AM #3
Rainmaker
3,978,839
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

It is good to have a basic knowledge, but I can use my time better.

Oct 19, 2018 09:51 AM #4
Rainmaker
2,494,245
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

I think it is important for real estate professionals to have at least some knowledge about mortgage lending.  

Oct 19, 2018 11:18 AM #5
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Anna Banana Kruchten CRB, CRS 602-380-4886
Phoenix Property Shoppe - Phoenix, AZ
Arizona's Top Banana!

Hi Belinda Spillman !  You makes a really good point!  It's been awhile since I've taken any specific mortgage  classes and it's a great idea. Thanks!!

Oct 19, 2018 11:28 AM #6
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Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

I think it makes perfect sense, Belinda. The more you know about all facets of the RE industry, the more valuable you are to clients. I have to take some CE this year, I'll look for mortgage related courses. 

Oct 20, 2018 07:10 AM #7
Rainmaker
1,381,279
Jeffrey DiMuria 321.223.6253 Waves Realty
Waves Realty - Melbourne, FL
Florida Space Coast Homes

Belinda, the CE course seems like a great idea. I wonder if they offer something like this in the Sunshine State?

Oct 20, 2018 09:04 AM #8
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Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

Having trained plenty of new agents, I stress the importance of understanding the basics of the mortgage side.  

Oct 20, 2018 09:57 AM #9
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