BRE 126 — Real Estate Finance
This advanced course offers a practical, applied study and analysis of real estate financial topics. It is designed to reinforce basic real estate concepts from Real Estate Principles and Real Estate Practice, and then present intermediate and advanced real estate finance subjects. Topics include: the SAFE Mortgage Licensing Act and federal regulation (TILA/RESPA/TRID); the real estate cycle; loan funding sources for the primary market; the secondary mortgage market and federal credit agencies; ethics, fraud, consumer protection, and fair lending; the loan process and finance instruments; conventional alternative, and seller financing; FHA and VA government loan programs; qualifying the borrower and the property; and state licensing requirements. Course is acceptable for salesperson license elective and is required for broker's license by the California Department of Real Estate (DRE).