Elective Package including Required Fair Housing & without Core
All the continuing education essentials for those who have already completed the required 3 hour Core
Package Description
If you've already taken the required Core class, then this is the ideal package for you. It includes the 3 hour Fair Housing course (required for all brokers and managing brokers) as well as all of your elective hours in one spot.
All courses are Washington State certified to meet your continuing education requirement.This is the one stop shop to choose the topics you want to study, from Contracts to Listings, or Negotiation and Agency. It's a great way to review or learn a variety of topics in a single renewal.
If you still need your Core hours as well, we recommend you take a look at our Complete Renewal with Core package which includes Core as well.
Included Courses
Washington Real Estate Fair Housing (3 hrs) and your choice of:
- Understanding the Mortgage Market (4 hrs)
- Property Manager Fair Housing Guide (5 hrs)
- The Real Estate Finance Roadmap: Navigating Loans, Markets, and More (6 hrs)
- Risk Management in Real Estate: Safeguarding Your Business (4 hrs)
- Common Mistakes (4 hrs)
- Listings and Valuation (7 hrs)
- Essentials Series: Real Estate Principles (24 hrs)
- Essentials Series: Advanced Practices (24 hrs)
- Beyond the Price Tag: 12 Psychological Traps That Kill Deals (6 hrs)
- Practical Property Valuation for Washington Brokers (6 hrs)
- The Complete Guide to Single-Family Home Investment: A Broker Playbook (6 hrs)
- Commercial Property Essentials for the Modern Broker (6 hrs)
- Decoding the Loan Estimate: A Comparative Analysis (4 hrs)
- Clear to Close: Understanding Title Reports, Escrow Duties, and Settlement (4 hrs)
- Client-Centric Mortgage Strategy (5 hrs)
- 1031 Exchanges: Mastering Tax-Deferred Transactions in Washington (6 hrs)
- Marketing, Advertising, and Social Media Compliance for Washington Real Estate Brokers (6 hrs)
- Washington Real Estate Law (30 hrs)
Course Preview
The Primary Mortgage Markett
The traditional primary mortgage market consisted of savings and loan associations, savings banks, commercial banks, thrift and loans, credit unions, pension funds and insurance companies, as well as mortgage bankers that originated mortgage loans by lending funds obtained from their own capital or from independent credit lines that appear as debts in their financial statements. The foregoing depository institutions and lenders funded and made loans directly to consumers/borrowers in residential mortgage loan transactions. These participants in the primary mortgage market replenished their capital/funds by selling loans in the secondary mortgage market.
Historically, residential mortgage loans sold into the secondary mortgage market were either insured by the Federal Housing Administration (FHA) or guaranteed or indemnified by the Veteran's Administration (VA). Mortgage bankers that originated mortgage loans performed as loan correspondents (agents and authorized representatives) of depository institutions. Those mortgage bankers with sizeable assets at levels acceptable and with the mortgage experience required by government agencies qualified as "approved lenders/mortgagees" by FHA and VA. Since the late 1960's, conventional loans originated by these depository institutions and licensed lenders (subsequently including mortgage bankers) were sold into the secondary mortgage market. Because of federal legislation, the secondary mortgage market for conventional loans included the previously mentioned quasi-government enterprises, Fannie Mae and Freddie Mac.