Mississippi real estate ce, mississippi real estate continuing education, title insurance & escrow

MISSISSIPPI Real Estate CE, Title Insurance/Escrow and Professional Development Classes

Mississippi Real Estate CE

ERC Relocation: Assisting Corporate Transferees 3 Hrs

Asset Management 3 Hrs

Environmental Hazards 4.0

Real Estate Finance 4.0

Contracts, Purchase & Sales Agreements 4 Hrs

Fair Housing 4 Hrs

Using the Internet to Serve Clients 4 Hrs

Tax Favorable Real Estate Transactions 4 Hrs

Real Property Ownership & Land Use 4 Hrs

Code of Ethics 6 Hrs

Continuing Education:

Complete 16 hours of state approved courses every 2 years.

These courses must include 8 hours of Mandatory courses including:

Mississippi License Law,

Contract Law, and

Agency Law.

The other 8 hours are elective courses

Sales agents renew every December 31st on odd years.

Note

Licenses acquired after 1991 - Require post license course within 1 year and expire every two years at the end of the month the license was acquired

PLEASE NOTE: The above Requirements are subject to change.

Always check your state's requirements

Mississippi Title Insurance and Escrow CE

Gramm Leach Bliley Act 1.0

Business Writing 3.0

Fair Housing 3.0

Understanding an Appraiser's Role 3.0

Estate Planning - Basic 3.0

Estate Planning - Advanced 3.0

Managing Corporate Records 3.0

1031 Exchanges 6.0

Fundamentals of Mortgage Lending 15.0

Mississippi Real Estate Professional Development

Sales Negotiations Package 19.0

Gramm Leach Bliley Act 1.0

Creating Value Through Innovation 1.0

Workplace Violence 1.0

Consumer Protection Law 1.0

Managing Corporate Records 1.0

Evaluating Financial Performance 2.0

Dealing with Conflict and Confrontation 2.0

Dealing with Difficult People 2.0

Qualified Retirement Plans and IRAs 2.0

Anti-Money Laundering 2.0

Capital Budgeting Analysis 2.0

Qualified Retirement Plans and IRAs 2.0

The Management of Capital 2.0

RESPA 2.0

Understanding Economic Components 3.0

Asset Management 3.0

Commercial General Liability Insurance 3.0

Business Writing 3.0

Understanding an Appraiser's Role 3.0

Wills and Trusts 3.0

Appraisal Basics for Real Estate Agents 3.0

Estate Planning - Advanced 3.0

Estate Planning - Basic 3.0

Fair Housing 3.0

Introduction to Commercial Real Estate 3.0

Analyzing Financial Statements Advanced 3.0

Understanding Securities Trading 3.0

Annuities 3.0

Arbitration and Mediation 3.0

Corporate Pension Plans 3.0

Investment Analysis 3.0

Investment Risk and Policy 3.0

Life, Health, Disability and Long Term Care 4.0

Prospecting, Selling & Closing 4.0

1031 Exchanges 4.0

Margin Accounts 5.0

Understanding Different Types of Security Investments 5.0

Equities 5.0

Creating Value Through Financial Management 6.0

Introduction to Property and Casualty

and the Insurance Contract 6.0

Employment Law 6.0

Estimating the Gross Living Area 6.0

Agency Operations 6.0

Negotiations- Reading People 6.0

Understanding the Rules of NASD 6.0

Negotiations- Effective Communication 6.0

Negotiations- Negotiations 7.0

Property Insurance 8.0

Building a Real Estate Practice 30.0

Sample Course Descriptions

Fundamentals of Mortgage Lending

This course provides an introduction to the basics of mortgage lending, from qualifying the borrower and qualifying the property in the underwriting process, to the various types of financing available, to closing the sale. The course begins with a discussion of the forces that control the market: supply, demand and the government. The student will learn the varied methods of real estate finance. Lenders run risks in making real estate loans; for this reason, they must have a firm grasp of a borrower’s financial qualifications. They consider a borrower’s income, credit, debt, source of funds and net worth. However, no analysis, no matter how thorough, of a borrower’s creditworthiness can be enough to make a loan free of risk. The second lesson introduces the different legislation related to real estate mortgage of which the student must have a fair knowledge. The third lesson describes the mortgage market and the way it is divided into primary and secondary lenders.

The student will learn how title, the abstract ownership rights to the property, is transferred to the buyer with a deed. The earnest money contract will also be discussed: terms of the contract, contingencies and earnest money deposits. In lesson five, the focus turns to closing. The student will learn the customary costs involved in a real estate transaction, how certain items are prorated between the buyer and the seller and the requirements set forth by the Real Estate Settlement and Procedures Act (RESPA).

Lesson six discusses foreclosure. It considers what happens when a borrower is in default of the mortgage contract and how lenders may help borrowers prevent foreclosure through forbearance, moratoriums and recasting. Also discussed is how, when these techniques fail, the property is foreclosed and sold at auction and how the creditors are repaid.

The module continues with the types of mortgages available. The seventh and eighth lesson discuss the elements of conventional loans—conforming and nonconforming—adjustable rate, graduated payment, growth equity and reverse annuity mortgages, to name a few. The advantages and disadvantages of each type of financing are emphasized so that the student may better understand the decision-making process inherent in real estate finance.

Two specific types of financing, FHA-insured and VA-guaranteed loans are reserved for separate lessons. FHA loans are insured by the government and perceived as less risky by lenders. They are available to all natural and naturalized U. S. citizens, but they carry a monthly insurance premium that cannot be canceled. VA loans are guaranteed in part by the government, but are only available to veterans, active servicemen and certain national guardspersons and special reservists.

At the end of each lesson, the student will be asked to complete a quiz that tests the information covered in that lesson in order to move on to the next lesson. The course ends with a real world practice lesson that brings together the concepts and material discussed throughout the entire course.

Learning Objectives

Upon completion of this module, the student will:

•Understand how the forces of supply and demand in the real estate market affect and are affected by the primary lending market.

•Know how the government influences real estate finance through agencies like the Federal Reserve and the Department of Housing and Urban Development.

•Understand the basic concepts of real estate finance.

•Know the principal instruments of financing—the promissory note, the mortgage and the deed of trust—and how they are used.

•Understand how interest rates affect the real estate market.

•Know who lends money to the purchasers of real estate.

•Be familiar with the operations of the secondary market for loans.

•Know how to calculate the monthly payments for a fully amortized, fixed-rate loan.

•Be familiar with the tax deductions and credits associated with real estate ownership.

•Know the use of and legal requirements placed upon escrow accounts.

•Know the difference between lien theory and title theory states.

•Know what a discount point is, when it is offered and when it should be bought.

•Be familiar with what an underwriter looks for in approving a loan.

•Be familiar with the elements of a credit report and how FICO® scores affect a consumer’s borrowing ability.

•Be familiar with the provisions of the federal legislation that affect real estate lending: the Fair Credit Reporting Act, the Equal Credit Opportunity Act and the Truth in Lending Act.

•Know the use and the method of calculation of a lender’s qualifying income ratios.

•Be familiar with the classification of types of debts.

•Understand the role of mortgage brokers and loan officers in the financing process.

•Know the difference between constructive and actual notice and the buyer’s obligations under the principle of caveat emptor.

•Be familiar with the lender’s requirements for qualifying the title and how a title insurance company verifies that a mortgagee will have the first lien through a title search.

•Know the purpose and content of an earnest money contract and the earnest money deposit.

•Know what a deed is and the types of interest it can convey.

•Be familiar with the exceptions and reservations that can be placed upon a title.

•Be familiar with the RESPA requirements for closing procedures and disclosures at closing.

•Know the basic organization of face-to-face and escrow closings: who presides over them and how transactions are conducted.

•Know the principles of proration: calendar years and banker’s years, as well as prepaid items, accrued items and how to divide them by calculating a daily rate.

•Know the current Fannie Mae and Freddie Mac loan limits.

•Understand private mortgage insurance: when it is required, when it is advisable and when it is cancelable.

•Know the requirements for a borrower’s financial qualifications in a conforming loan.

•Be familiar with the different types of mortgages, including ARMs, GEMs, GPMs and balloon mortgages.

•Understand the use and purpose of temporary and permanent buydowns.

•Be familiar with the most important FHA programs, especially Section 203(b).

•Know the various underwriting requirements for FHA-insured loans, such as down payment and closing cost requirements.

•Understand the FHA’s mortgage insurance premium (MIP) and how it is different from PMI.

•Be familiar with the key elements of the VA loan guarantee program.

•Know who is eligible for the VA program and the documents required for proving one’s eligibili

•Know the current amount of a veteran’s maximum entitlement and how to calculate remaining entitlement.

•Be familiar with Fannie Mae’s Desktop Underwriter and Freddie Mac’s Loan Prospector electronic underwriting programs.

Building a Real Estate Practice

This course is comprised of four major modules that involve all the details required for ‘Building a Real Estate Practice.’ The course consists of topics in Pricing to Financing, Skills for Professional Success, How to Build a Successful Business and Risk Management. Each topic has been further divided into relevant modules to ease in the learning process for you – the student.

Several major as well as minor issues in real estate have been addressed in this course. The information is presented through useful study aids such as simple text form, thorough case studies, forms, printable documents and other exercises.

Topics as simple as market analysis, financing of property through various financing options to calculating, and all the possible loan types have been mentioned as well. Real-life examples will be used to illustrate the important procedural issues as well to more clearly explain IRS Rules and Regulations. The course will cover how a salesperson can understand home inspections to benefit their clients. You will learn to create a business plan, to set realistic and attainable goals and to effectively communicate with both clients and co-workers. You will also know how an assistant can increase your business. In addition, you will learn about proper negotiating, effective communication and the psychology of marketing.

Proper care and attention must be taken when studying key terms and important concepts. Some concepts are better understood through case studies and various forms that have been made available throughout the course. You, as a professional, must make sure that all such copies should be well documented, filed and kept in a safe storage space for future reference.

ERC Relocation: Assisting Corporate Transferees

Relocation presents an array of new challenges and opportunities to all real estate professionals. This course covers the definition of “relocation” and the development of the relocation industry. We explain how relocation affects the roles of various real estate professionals, including appraisers, home inspectors and real estate salespersons, and brokers.

We walk the student through a relocation transaction, covering the assignment, or re-assignment, of an employee through the selling of the employee’s home. Some of the steps in this process require specific explanation. This course covers those points in specific lessons; for example, we devote one lesson to how different companies manage relocation and the types of programs that they commonly institute. The latter half of this course addresses how relocation affects common real estate concerns. These concerns include disclosure law, agency, tax law, fair housing, and non-discrimination issues.

Upon completion of this course, the student will:

Understand the definition and development of the relocation business.

Appreciate the impact relocation has had on the professional roles of those persons traditionally associated with the real estate industry.

Grasp the various steps in the relocation process.

Recognize the various steps that comprise a relocation transaction.

Understand the different types of relocation plans and programs.

Recognize fair housing legislation as it relates to relocation.

Know how to avoid unfair discrimination.

Recognize the various protected classes under federal fair housing legislation.

Comprehend the importance of agency and property disclosure.

1031 Exchanges

The objective of this course is to enlighten the participant in the many important aspects of Internal Revenue Code Section 1031. The course will focus on the benefits of the §1031 exchange for the investor, licensed real estate agent/broker and other parties to the transaction.

Participants will learn exactly what qualifies under Section 1031 and, furthermore, how to utilize the various types of §1031 exchange formats to enhance their clients' position in the investment real estate market.

Real-life examples will be used to illustrate the important procedural issues as well as the IRS Rules and Regulations.

Aberdeen, Mississippi (MS) Amory Batesville, Mississippi (MS) Bay St. Louis Biloxi Booneville, Mississippi (MS) Brandon, Mississippi (MS) Brookhaven, Mississippi (MS) Byram Canton, Mississippi (MS) Clarksdale, Mississippi (MS) Cleveland, Mississippi (MS) Clinton, Mississippi (MS) Columbia, Mississippi (MS) Columbus, Mississippi (MS) Corinth, Mississippi (MS) D'Iberville Gautier Greenville, Mississippi (MS) Greenwood, Mississippi (MS) Grenada, Mississippi (MS) Gulfport, Mississippi (MS) Hattiesburg Hernando, Mississippi (MS) Holly Springs, Mississippi (MS) Horn Lake Indianola, Mississippi (MS) Jackson, Mississippi (MS) Kosciusko Laurel, Mississippi (MS) Long Beach, Mississippi (MS) Louisville, Mississippi (MS) Madison, Mississippi (MS) McComb, Mississippi (MS) Meridian, Mississippi (MS) Moss Point Natchez, Mississippi (MS) New Albany, Mississippi (MS) Ocean Springs Olive Branch Oxford, Mississippi (MS) Pascagoula Pass Christian Pearl Petal Philadelphia, Mississippi (MS) Picayune Richland, Mississippi (MS) Ridgeland, Mississippi (MS) Senatobia Southaven St. Martin, Mississippi (MS) Starkville Tupelo, Mississippi (MS) Vicksburg, Mississippi (MS) Waveland, Mississippi (MS) West Hattiesburg West Point, Mississippi (MS) Yazoo City

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