Corporate Training By Zack Academy - Real Estate Courses - Applying for a Mortgage Loan and Real Estate Appraisal

Please Note:  We offer 10 classes that have a 4-hour duration each. By ordering this 1 course, you receive the other 9 classes for free! Upon completion of the full 40 hours you receive an affidavit that must be turned in with an application to test. Our classes are offered mornings, afternoons, evenings and weekends. You may pick and choose which classes work for you and take them in any order until you have completed the ten classes.

Why Should You Take This Real Estate Course - Applying for a Mortgage Loan and Real Estate Appraisal?

This Real Estate Course - Applying for a Mortgage Loan and Real Estate Appraisal is for students preparing for a career in real estate. We cover topics that a student is expected to know to become familiar with in order to pass the real estate exam, obtain a real estate license, and begin working as a real estate agent. This includes a wide range of fundamental concepts, legal rules and industry practices.

The real estate industry is a large and influential sector of the U.S. economy employing millions of people nationwide. It includes not only real estate brokers and agents, but also property managers, relocation specialists, real estate investment counselors, real estate appraisers. home inspectors, title company employees, escrow agents, and real estate developers. The real estate industry is closely allied with the construction industry, an also with the mortgage industry - the financial institutions, private companies, and other investors that provide financing to real estate owners, developers and buyers.

Who Should Attend This Real Estate Course - Applying for a Mortgage Loan and Real Estate Appraisal?

• Real estate salespeople
• Brokers
• Investors
• Property managers
• Those selling or buying for their own personal reasons

The Following Topics Will Be Covered:

APPLYING FOR A MORTGAGE LOAN

• Choosing a Lender
• Types of Mortgage Lenders
• Loan Costs
• Truth in Lending Act
• Loan Application and Underwriting
• Basic Loan Features
• Loan Term
• Amortization
• Loan-to-Value Ratios
• Secondary Financing
• Fixed and Adjustable Interest Rates
• Residential Financing Programs
• Conventional Loans
• FHA-Insured Loans
• VA-Guaranteed Loans
• Rural Housing Service Loans
• Predatory Lending

REAL ESTATE APPRAISAL

• Introduction to Appraisal
• Value
• Types of Value
• Principles of Value
• The Appraisal Process
• Gathering Data
• Methods of Appraisal
• Sales Comparison Approach to Value
• Cost Approach to Value
• Income Approach to Value
• Site Valuation
• Appraising Multi-family Properties
• Reconciliation and Final Estimate of Value
• Competitive Market Analysis

Please Note:  There is an exam administered by the testing company that has two parts. Each part must obtain a minimum grade of 70% to pass.