Education 2013 to 2014 Vol. 1 Fall 2013 | Page 12

12 Finance Update In this 3.75 hour class, agents will learn about the primary mortgage market, the secondary market, the insurance companies and the intricacies of mortgages. With the changes on approval guidelines, appraisals and fees, agents will learn how to explain the process to their consumers. Financing a sale has become more intricate with the passage of recent legislation and some sales fall apart as a result. Agents will learn what “parachute” they will have to save the buyer’s purchase. This class has been approved by the MN Department of Commerce for 3.75 hours of real estate continuing education Topics include: ? Primary and secondary mortgage market ? FHA, VA and Conventional loan updates ? Foreclosures and short sale statistics MN Realty School is approved by the MN Department of Commerce to offer prelicense and continuing education for real estate. All information contained herein is subject to change.