Finance Lecture 1- Session 1.pdf - CA Realty Training \u00a9 2017 CA REALTY TRAINING FINANCE INTRODUCTION CA Realty Training \u00a9 2017 Congrats On Your New

Finance Lecture 1- Session 1.pdf - CA Realty Training...

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12/18/18 1 CA Realty Training © 2017 CA REALTY TRAINING FINANCE - INTRODUCTION CA Realty Training © 2017 Congrats On Your New R.E. Venture! Log-in to your online access account if new student This will provide you access to: Mandatory chapter quizzes (10 questions) and 3 online course exams “Practice, Principles, & Finance” Upon passing the 3 online exams ( open book ) , you will receive the 3 required certificates that qualify you for the CA BRE Exam. 1 module per month 6 lectures per month 3 months total 1 2 3 CA Realty Training © 2017
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12/18/18 2 Getting With CA Realty Training Started Practice, Principles, and Finance are the training modules. The sessions consist of carefully selected material that will provide you with a clearer understanding of: Basic real estate concepts and terms. Definitions are straightforward Real estate experience and advice. Successes and mistakes Typical, everyday, agent activities. Several ways to success Contracts, disclosures, etc. CA Realty Training © 2017 CA Realty Training © 2017 BUYERS SELLERS REAL ESTATE AGENTS Buyers want to purchase real estate (home, land, business). They can get a loan or pay cash Place a buyer and a seller into contract and get paid a commission once the transaction is executed. A hired, neutral 3rd party that manages the transaction once the buyer and seller are in contract. LENDER PROSPECTING ESCROW Owners sell their homes to a buyer in exchange for consideration (money). Assists in acquiring home loans for buyers to purchase property. The need to acquire new clients and maintain existing relationships. No clients, no business! R.E. Intro and Review CALIFORNIA REAL ESTATE FINANCE CA Realty Training © 2017 SESSION 1: NATURE AND CYCLE OF CA REAL ESTATE FINANCE
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12/18/18 3 CA Realty Training © 2017 General Financial Terms Currency: A country’s official unit of monetary exchange. Interest: The charge for the use of money. People pay for the privilege to borrow. Primary Mortgage Market: The market in which lenders originate real estate loans directly to borrowers (Lenders, buyers, and Realtors work together here ). Debt: A dollar amount that is borrowed from another party, usually under specific terms. It can be secured or unsecured. Secured Debt: A debt owed to a creditor that is secured by collateral (something of value given as security for a debt) like a mortgage or a car loan.
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