Real Estate Academy
Credit Scores Decoded: What Every Real Estate Agent Needs to Know
COURSE SUMMARY
Credit scores are a critical component of the homebuying process, directly influencing loan approval, interest rates, and overall mortgage affordability. This course provides real estate professionals with a clear understanding of how credit works, including the relationship between credit scores and credit reports, the role of major credit bureaus, and the key factors that impact a borrower’s credit profile. Participants will gain practical insights into how credit affects mortgage outcomes and how to better guide clients through the financial aspects of purchasing a home.
Learning Objectives
By the end of this course, participants will be able to:
- Differentiate between credit scores and credit reports
- Identify the key factors that influence credit scores
- Explain strategies clients can use to improve their credit profiles
- Assess how credit scores impact mortgage terms, including rates and approvals
- Understand the role credit plays throughout the homebuying process
Real Estate Continuing Education Credits
New York
- 1.00 Credit Hour
- Price: $0.00
This course has been approved by the New York Division of Licensing Services for 1.0 continuing education credit hour (Course Approval: M16243).
New Jersey
- 2.00 Credit Hours
- Price: $0.00
This course has been approved by the New Jersey Real Estate Commission for 2.0 continuing education credit hours (Course Approval: C20204125).
National Association of State Boards of Accountancy (NASBA)
- 1.00 Credit Hour
- Price: $0.00
Preferred Systems, Inc. is registered with NASBA as a sponsor of continuing professional education on the National Registry of CPE Sponsors and has approved this program for 1.0 CPE credit hour (Registry ID: 166883). State boards of accountancy retain final authority on course acceptance. This program qualifies under the field of study: Finance and is delivered in a Group Live format. Credits are based on a 50-minute hour.
Professional Development
- 1.00 Credit Hour
- Price: $0.00
This course may also be completed for professional development purposes. Participants will receive a certificate of completion acknowledging enhanced knowledge; however, no continuing education credits will be awarded.