Do you want to help your clients obtain mortgage financing, but you’re concerned about providing advice that may overstep your responsibilities as a registrant? RECO’s new MCE Elective, Mortgage Financing: Guiding Client Conversations is designed for registrants of all levels of expertise. It reviews professional conduct and legal requirements concerning the information and guidance that you, as a real estate registrant, can and should provide to residential buyers on mortgage financing. You will review legal obligations and restrictions under REBBA, the Mortgage Brokerages, Lenders and Administrators Act (MBLAA) and other relevant laws as well as the importance of understanding and discussing mortgage risk and responsibilities with clients.
In this course, you will also have several opportunities to apply your knowledge in a series of challenging scenarios dealing with the service, information and support you can provide to clients to help them make an informed decision on mortgage financing. Scenario topics will focus on providing compliant referrals to others, inserting and waiving financing conditions in offers, and preventing error, fraud and misrepresentation.
Ready to learn more about helping your clients ask make an informed decision on mortgage financing? Log into your MyWeb account.