Module 6 - Finance

Upon successful completion the student will be adequately prepared to answer state real estate broker examination questions relating to:

• Finance documentation including promissory notes, mortgages, trust deeds and seller financing.
• The priority of liens.
• Economics as applied to the real estate industry including a basic understanding of the national economy and economic indicators.
• Categories of primary mortgage lenders and the secondary mortgage market.
• Financing programs including conventional loan programs and governmental loan programs.
• Lender settlement regulations and disclosures.
• Real estate valuation and appraisal.
• Real estate mathematics.
• Real estate issues relating to Federal and Oregon income taxes.

Updated January 10, 2007 by the College Advancement Department.