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Closing and Settlement Costs
4 Hours of Washington Mortgage Originator Continuing Education
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Some real estate licensees believe that their job ends when the purchase and sales contract is signed, and in fact, in many states, the licensee has no official duties throughout the closing process. However, transactions can and do fall apart during the closing stage. Licensees who are familiar with the closing procedures and settlement costs can stay involved and make sure that their transactions meet the desired end. This module covers the buyer’s and seller’s concerns at closing, the required documents to close a transaction and the rules and regulations of the closing process.
Click here for Washington Mortgage Originator requirements.
This course is offered through 360 Training, but all other bonus materials are offered exclusively by Washington Real Estate School Online.
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Sale Price: $59.00 $110.00 |
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In addition, the student will learn ways to help clients through this sometimes complicated process. Finally, the student will learn how to calculate closing expenses and fill out the settlement statement. As the student completes this module, he or she should attempt to fit this information in with the big picture of the real estate business. The conclusion of the module will assist with drawing the information together by presenting real world practice, comprehension questions and case studies for the student’s consideration.
Mortgage Broker Continuing Education Requirements
- Designated brokers must successfully complete three approved continuing education courses (PDF)* each year. See WAC 208-660-270 for details.
- Designated brokers may receive credit for one course by attending three mortgage broker commission meetings.
- During a mortgage broker's first year of acting as a designated broker one course must cover ethics.
Note: Please include a copy of your continuing education certificate when paying your annual assessment to the Department (“DFI”).
Loan Originators Continuing Education Requirements
- Loan Originators must successfully complete two approved continuing education courses each year. See WAC 208-660-370 for details.
- Loan Originators may receive credit for one course by attending three Mortgage Broker commission meetings.
- During a Loan Originator’s first year of licensure one of these courses must cover ethics.
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