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Kaplan University School of Professional and Continuing Education Kaplan University School of Professional and Continuing Education

7/1/14-6/30/15 Broker & Salesperson Required Module-Financing Issues, Earnest Money and Trust Accounts #2 OnDemand Course (3.75-Credit Hours)

7/1/14-6/30/15 Broker & Salesperson Required Module - Financing Issues, Earnest Money, and Trust Accounts (#2)

Price: $29.00

Credit Hours: 3.75

Key Points:

This is one of the two new required half-day modules, effective July 1, 2014 through June 30, 2015. It provides essential information you need concerning trust account requirements and issues related to earnest money. In addition, it will prepare you to pass the 20-question exam to fulfill this new education requirement. All salespersons and brokers must complete the course before June 30, 2015, to maintain an active Minnesota real estate license.

At Kaplan, our expert instructors will provide you with vital education to keep you informed the financing issues that affect every real estate licensee. We will help you better understand financing issues, issues relating to earnest money, and trust account requirements. You will learn information regarding the Mortgage Act and Practices (MAP) rule, the Real Estate Settlement and Procedures Act (RESPA), and the Consumer Financial Protection Bureau (CFPB). Additional financing topics include contract for deed sales and new FHA loan limitations. Learn and understand crucial information to help you to remain knowledgeable and successful in real estate.

This course is delivered in our stunning OnDemand video lecture format. With Kaplan’s OnDemand video lectures, you have the ability to access professional instruction anytime and anywhere you have an Internet connection! Filled with studio and “onsite” video learning objectives, this OnDemand course engages, enlightens, and entertains!

Topics Include:

  • Rules for the deposit of earnest money, release of trust funds, and record keeping requirements for trust accounts
  • MAP rules and the penalties for noncompliance
  • Predatory lending activities
  • Licensees’ duties and responsibilities imposed under RESPA rules
  • New financing issues and FHA loan limits in Minnesota