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Titles and Licenses in Washington State

There are two types of licenses in Washington state, Broker and Managing Broker. This video provides a brief overview of the two licenses and the different jobs you can do with each.

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Brokers Exam Informational Interview

In this interview with Don Sr, our lead instructor he outlines important details about the Washington state brokers exam.

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Low Appraisal

Lender's require appraisals to value the collateral that is being pledged for the loan. If that appraisal comes in below the price the buyer agreed to pay, what happens?

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Subordination Clause

In a mortgage contract there is a subordination clause which details how if the property is sold to satisfy debts, who gets paid back first.

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Life Estates

Life estates are when rights to a property are transferred for the lifetime of one or more persons. There are a number of vocabulary terms that are important to remember and this video covers the basics of the vocabulary and understanding of life estates.

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Loan Qualification Letters

In order to determine if a borrower has the financial ability to afford a home, a mortgage lender will issue a loan qualification letter. There are two types of letters a mortgage lender will give to the buyer, and they are not created equal.

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