Tactics that work with motivated, excited sellers don't always translate well when working with short sale sellers and short sale buyers. Add lender approvals, junior lien holders, and inflexible timelines into the mix, and you end up with a whole new ball game.
In a short sale transaction, the motivation for each party is different than the standard transaction, and as the professional in the scene, you need to adjust accordingly. This course speaks to your interaction with short sale sellers, and how you can help them through a tough process while diligently advocating on their behalf. We cover how to figure out an appropriate listing price, negotiate with the lender's representative, sort through debt settlement terminology, and carry the deal through to closing. We also look at the process from a buyer's agent perspective. Additional cautions, considerations, and fraud prevention tactics are required when advocating on behalf of these deal-seeking buyers.
Renewal Date: Every three years from date of issuance
Hours Required: 18 hours
The CE Shop’s Offering: 18 hours
The CE Shop is an approved provider in Michigan.
Reporting: The CE Shop reports CE hours to CE Marketplace. You can access your course records with CE Marketplace here.
Expiration Date of Course: Course expiration dates vary by course. Each individual course will have an expiration date listed in your account. See Terms & Conditions for more details.
Certificates: Immediately upon course completions, The CE Shop will provide students with an electronic copy of the course certificate of completion. Certificates will remain in your account for a minimum of five years, should you need additional copies at a later time. Please refer to your application to determine if you need to submit your certificate(s) of completion. Course completion dates are recorded using Central Standard Time. Please note that the date on your certificate of completion will reflect this.
Final Exam: Final exams must be passed with at least a 75% and may be taken as many times as necessary in order to pass.
License Renewal Process: The process to renew in this state is to log in to the licensing system online and follow the prompts to renew.
Seat Time: It is required that all students spend a minimum amount of seat time engaged in the course content. Our online course delivery system manages this requirement for you.
Still have questions? Visit our Frequently Asked Questions or Contact Us.
Street Address: 611 W. Ottawa, Lansing MI 48933
Mailing Address: PO Box 30004, Lansing MI 48909
Telephone: 517.241.0199
Fax: 517.241.9416
Street Address: 720 N. Washington Ave., Lansing, MI 48906
Telephone: 844.642.6633
Real Estate Products
Mortgage Education Products
Mortgage Resources
Appraisal Resources
Home Inspection Products
Company
Partners & Programs
Account
Support