Construction Loan Financing

When:  Mar 16, 2022 from 01:00:00 PM to 05:00:00 PM (ET)
Construction Loan Financing 
Member Pricing: $10
Instructor: John Johnson

For the Realtor® who has ever wondered about the true purpose of building codes, exactly how borrowers have equity in their Construction/Perm loans, or just what an “Open End” loan really provides a buyer, this is the course to enroll in!

Construction loan financing can be somewhat of a puzzle, and the material presented in this track will demystify all the elements of financing and building a new home. From mechanics to characteristics, this course builds the groundwork for Realtors® when it comes to construction loan financing.

After taking this class students will be able to understand:
• Construction / Perm Mortgages
• Draw Schedules
• “Notice to Owners”
• The inspection process
• Appraisal documentation
• The difference between a “Sales” and “Construction” contract
• “Take Out” commitments
• “End Loan Options”


ATTENDANCE POLICY
1. FREC requires that licensees attend 90% of instructional class time. Physical presence is required
2. CE credit will not be awarded to students who miss more than 20 minutes of instructional time. Please allow adequate commute time. No exceptions.
3. All students MUST sign-in and out to receive CE credit.
4. Electronic note-taking is permitted on silent devices, only. Cell phone use is permitted during designated breaks.

Special Disabilities: Accommodated with advance notice.


CANCELLATION/NO-SHOWS

Cancellations not received within two (2) business day prior to class start time will result in the forfeiture of the registration fee. Cancellations can be made through ORRA’s Professional Development Department at 407.513.7268 or email at education@orlandorealtors.org.

Location

1330 Lee Rd
Orlando, FL 32810