16 Aug Seller Financing for Residential Sales Seller Financing for Residential Sales Tuesday, August 16, 2022 (12:30 PM to 2:30 PM) 2.00 CE Hours Orlando Regional Realtor Association, Orlando, Florida 2CE Credit Class, Finance, Florida Realtors® (FR), Live Class Details You're Registered! DescriptionLocationInstructorsCancellation Policy Seller Financing for Residential Sales Instructor: Elysia Stobbe ORRA Member Pricing: $10 In today’s financing world, buyers have lots of options for obtaining a loan. From conventional to FHA and VA, there seem be plenty of choices. However, one choice often gets overlooked. Owner financing can be a benefit to the seller and buyer in some situations. By learning more about this option, we can offer this to our customers and let them decide if it’s the right option for them. While there is regulation with owner financing, the entire transaction is much simpler and quicker to close than traditional financing through a bank or lender. Offering seller financing may also be a way for a seller to obtain more money for their property in a sales price, plus recover even more profit by earning interest on their loan. Though it’s not a good fit for all, it can be a win-win situation for the right buyer and seller. After taking this class students will be able to: • Define what seller financing is • Understand the seller’s and buyer’s perspective of seller financing with both pro’s and con’s • Explain the application and approval process for the buyer to obtain the loan • Understand the requirements and obligations of the Dodd-Frank Act where it applies to seller financing • Utilize the property paperwork for the contract and closing for the seller-financed transaction • Understand the importance of recommending the seller and buyer consult with an attorney and a tax professional • Complete a seller’s net estimated proceeds for the seller to review ATTENDANCE POLICY 1. CE credit will not be awarded to students who miss more than 10 minutes of instructional time. Please allow adequate commute time. No exceptions. 2. Check in with ORRA staff and sign morning and afternoon attendance sheets. 3. FREC requires a licensee attend 90% of each of the classroom hours. Physical attendance is required for the duration of class. 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) days 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 Orlando Regional Realtor Association Orlando Regional Realtor Association1330 Lee RdOrlando, FL 32810 Map & Directions Elysia Stobbe Elysia Stobbe is passionate about Finance! She has closed more than $300 million in residential mortgage loans during her career. Elysia’s belief that “enduring dedication to your client always wins” has earned her A+ Better Business Bureau ratings & 5 Star Customer Service Reviews. Elysia has presented at Harvard University multiple times. She's a national keynote speaker on a variety of topics including home buying, residential mortgages and strategic business coaching.Elysia’s team has been honored three years running as a top lender in Northeast Florida Ranked by Volume by the Jacksonville Business Journal and Elysia was recognized as a Top 50 Business Influencer in 2014 by Advantage Magazine.Elysia is the author of the #1 Best Seller "How to Get Approved for the Best Mortgage Without Sticking a Fork in Your Eye ™". As one of the nation’s leading mortgage experts with more than 15 years of experience, Elysia has been featured in the Wall Street Journal, the Wall Street Business Radio Network, NPR and on FOX, ABC, NBC, CBS and more for her expertise with VA mortgages and first-time home buyers. In addition, Elysia has been interviewed multiple times for her mortgage expertise by U.S. News & World Report and REALTOR.COM. As she builds her list of approved courses, Elysia welcomes the opportunity to share her expertise with REALTORS®. CANCELLATION/NO-SHOWSCancellations not received within two (2) days 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.