If you’re having trouble making mortgage payments, you may be hearing about foreclosure. However, there is another option to consider. When a house is a short sale, the owner resells the house themselves for less than they owe in mortgage payments. In other words, if a homeowner owes more debt than what they can afford, they may opt for a short sale. When it comes to foreclosures, however, this is not an option, but rather a decision made by the bank to take possession of the home when a mortgagor fails to make their payments. In terms of short sales, if all liens holders agree to accept less than the amount owed on the debt, then a homeowner may proceed with selling the house.
Key Realty School is one of the preferred real estate and business education providers in the Western United States. The school’s dynamic instructors, course materials, and school counselors provide for a learning environment that has helped shape business practices and careers of licensees for decades. We provide Nevada real estate school online courses, an 8 Hour SAFE Comprehensive Continuing Education: Compliance in Action for the calendar year, this course satisfies the annual continuing education requirements for MLOs set forth by the SAFE Act. The course covers topics required by the SAFE Act: (3hrs) of federal law, (2hrs) of ethics (which shall include fraud, consumer protection, and fair lending issues), (2hrs) of nontraditional mortgage lending, plus (1hr) of undefined education (elective). The course work can be taken through live classroom lecture OR through online study.
Related Posts
5 Practical AI Prompts for Nevada Real Estate Agents
If you feel like you’re spending more time on administrative tasks than with your clients, you aren’t alone. Nevada’s fast-paced real estate market is full of opportunity, but it also comes with a heavy load of paperwork, client follow-ups, and hours spent on work that could be automated. The good news is that AI is no longer reserved for […]
Stop People-Pleasing: The Real Estate Agent’s Guide to Boundaries
Ever find yourself answering client texts at 11 PM, driving across town for a last-minute showing you know will go nowhere, or slashing your commission just to close a deal? If you’re nodding along, you might have a classic case of the “Pleaser” saboteur. In a market as dynamic as Las Vegas, this impulse to […]
Veteran to Agent: How to Become a Real Estate Agent in Nevada
Transitioning from military service to civilian life can be challenging for many veterans. One significant hurdle is finding a career that fits. Veterans are often natural problem solvers, highly goal-oriented, possess a strong work ethic, and thrive when their work provides a clear sense of purpose. This is why many veterans become real estate agents. […]
Need help preparing for your PSI exam?
We’re here to help you pass your PSI exams in Nevada with flying colors.
Get in touch with us to discuss your options with an enrollment advisor.