Real Estate Academy

Reverse Mortgages 101: What Every Agent Should Understand

COURSE SUMMARY

This course provides a comprehensive introduction to reverse mortgages, designed for real estate agents, financial planners, accountants, and attorneys. Participants will explore the fundamentals of reverse mortgage products, including the various types available, the application and closing process, and key financial considerations. The course also addresses potential risks and responsibilities, equipping professionals with the knowledge needed to confidently evaluate reverse mortgage options and effectively advise their clients.

Learning Objectives

By the end of this course, participants will be able to:

  • Define reverse mortgages, including their history and purpose
  • Differentiate between the various types of reverse mortgages and their key features
  • Identify eligibility requirements and outline the reverse mortgage process from application through closing
  • Evaluate financial considerations, including costs, fees, and repayment structures
  • Recognize the risks, borrower responsibilities, and consumer protections associated with reverse mortgages
  • Apply concepts through real-world examples and case study analysis

Real Estate Continuing Education Credits

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.

Certified Financial Planner Board of Standards (CFP)

  • 1.00 Credit Hour
  • Price: $0.00

Preferred Systems, Inc. is an approved provider of CFP® continuing education. This program has been approved for 1.0 credit hour (Sponsor ID: 1718).

Real Estate Continuing Education (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: M18271).

Professional Development

  • 1.00 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.

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