OH 3.0 hours Personal Safety - Course Syllabus


Course Syllabus:

3.0 Elective Hours

This course explains the advantages of working only with pre-approved or pre-qualified buyers. If a buyer has been pre-approved or pre-qualified they are more likely to be a bona fide buyer and not someone looking to do harm.

The pre-approval process is more detailed than the pre-qualification process. The borrower will furnish proof of income and debt, complete a loan application, furnish proof of funds for down payment or closing costs and give the lender permission to obtain a credit report. With either process, their lender should give them a letter (on company letterhead) verifying how much they are qualified to purchase and what kind of loan they are seeking. The type of loan is important because it may disqualify some properties.

An agent can call the lender after receiving the letter to verify that the prospect did, in fact, deal with the lender and that the letter is genuine. Those letters not on a company letterhead should be considered VERY suspicious. Common types of loans from a lender are conventional, FHA, VA and USDA.

This course provides a general over view of how to stay safe when showing a property. One big safety advantage is working only with pre-approved or pre-qualified buyers. The buyer who has been to a verified lender may be a serious buyer and not as likely to be a person wanting to commit a criminal act.