Short Sales & Foreclosures - 10 Hours

CELI Course #: 34542
Price: $79.00

NOTE: This is a 10 hour elective course. You must complete a minimum of 18 hours (of which 8 hours must be Legal I and Legal II) to satisfy CE license renewal requirements.

COURSE DESCRIPTION: With the number of homes going to foreclosure and short sales today reaching unprecedented highs, it is increasingly important for licensees to stay current on these topics so as to remain competitive and successful in the market. The textbook for this course includes chapters regarding Foreclosures, Identifying the Short Sale Property, Marketing the Short Sale Listing, Short Sale Contracts, Making the Sale with Loss Mitigation Departments, Who to Contact, Asset Management Departments, Purchasing Lender-Owned (REO) Properties, and Client Auction Procedures. Each chapter contains key terms, overview, case study and review questions.

Course Expiration: 05/31/20. TREC Provider #10079

PLEASE NOTE: Course must be completed by the expiration date noted above, or within 120 days from the date of registration, whichever is soonest.

There are two methods available for completing the coursework: ONLINE or PROCTORED. Please ensure that you register for your preferred method.

Following is a description of each method:

ONLINE EXAM: Once your registration has been processed, a username, password and website link (available 24 hours/day) will be provided to you for accessing the exam. Once the exam has been successfully completed, the student will submit their MCE Distance Education Report Form(s) to C.E.L.I via fax or email. C.E.L.I. will then notify TREC of the completion.

PROCTORED EXAM: A proctor is an approved person that administers an exam and agrees to fulfill the proctor responsibilities required by the Texas Real Estate Commission. The proctor will verify a student's identity and will ensure that academic integrity guidelines are followed during the exam. Effective 01/01/2016, per TREC rules, a proctor must be one of the following: (1) employee at an official testing or learning/tutoring center; (2) librarian at a school, university, or public library; (3) college/university administrator, faculty, or academic advisor; (4) clergy affiliated with a specific church, temple, synagogue, or mosque; or (5) an educational officer of a military installation or correctional facility. You may also choose to complete your exam at our office in Canton, TX.

Under the proctored method, you will provide your proctor's information on the required form which will be included in your course material. You will then fax/mail/email this form to C.E.L.I. and your exam will then be mailed to the proctor that you designate. Once the exam is completed in the presence of the proctor, the proctor will return the exam material by mail for grading. Once the exam has been successfully completed, C.E.L.I. will report your completion to TREC.