Advocating for Short Sale Clients
Tactics that work with motivated, excited sellers don't always translate well when working with short sale sellers and short sale buyers. Add lender approvals, junior lien holders, and inflexible timelines into the mix, and you end up with a whole new ball game.
In a short sale transaction, the motivation for each party is different than the standard transaction, and as the professional in the scene, you need to adjust accordingly. This course speaks to your interaction with short sale sellers, and how you can help them through a tough process while diligently advocating on their behalf. We cover how to figure out an appropriate listing price, negotiate with the lender's representative, sort through debt settlement terminology, and carry the deal through to closing. We also look at the process from a buyer's agent perspective. Additional cautions, considerations, and fraud prevention tactics are required when advocating on behalf of these deal-seeking buyers.
State Requirements For Connecticut
Connecticut State Requirement Details for Real Estate Broker and Salesperson Continuing Education
Renewal Date:
Salesperson licenses expire on May 31st of even-numbered years. All CE hours must be completed between March 1st of an even-numbered year and February 28th of the even-numbered year two years later.
Broker licenses expire on November 30th of even-numbered years. All CE hours must be completed between April 1st of an even-numbered year and August 30th of the even-numbered year two years later.
The CE completion deadline is 3 months before the renewal deadline. Courses taken late may not be applied to the current cycle. No course may be counted more than once toward CE.
Salesperson and Broker Hours Required: 12 hours
- 3-hour mandatory course approved by the Commission concerning current real estate and fair housing legislation, licensing laws and regulations
- 9 hours of elective courses
Note: No Continuing Education is due at the end of the first CE cycle after being licensed for those taking a CT licensing exam; however, those receiving a reciprocal license must complete CE for the first CE cycle.
Connecticut Department of Consumer Protection, License Services Division
Street Address: 450 Columbus Ave, Suite 801, Hartford, Connecticut 06103
Mailing Address: 450 Columbus Ave, Suite 801, Hartford, Connecticut 06103
Telephone: (860) 713-6000
Email: dcp.licenseservices@ct.gov
Department of Consumer Protection
Real Estate Broker and Salesperson Renewal