Escrow Companies and Escrow Officers
Critical services rendered by an escrow officer
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Category: Video
Introduction to Escrow
Escrow activities employed to timely close a real estate transaction
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Rules Controlling Appraisals
Maintaining appraiser independence and neutrality
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Correlation of Values and Creation of the Appraisal Report
Reconciliation of property values and creation of a completed Uniform Residential Appraisal Report
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Three Appraisal Approaches: Income Approach
Using the income appraisal approach to set a property’s value based on its rental income.
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Estimating Replacement Cost and Depreciation Under the Cost Approach
Specific methods for estimating replacement cost and depreciation, and the three types of depreciation
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Three Appraisal Approaches: Cost Approach
Determining a property’s market value by adding the value of the lot as though vacant plus the current construction costs, less depreciation
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Three Appraisal Approaches: Market Comparison
Analyzing the selling price of comparable properties to establish the value of the subject property under the market comparison approach
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Types of Lots
Classifying the physical aspects of a lot and analyzing the appraisal data collected.
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Defining the Appraisal Effort and Gathering Data
Six critical steps of the appraisal process
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Economic Principles in Appraisal, Part II
Fundamental economic concepts used in the appraisal of real estate, Part II.
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Economic Principles in Appraisal, Part I
Fundamental economic concepts used in the appraisal of real estate, Part I.
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An Opinion of Value
Factors considered in the appraisal process to determine a property’s value
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Maintaining Trust Account Integrity
A broker’s detailed records which track their receipt and disbursement of trust funds
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Trust Account Management
Management of trust funds deposited into a non-interest bearing trust account
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Analyzing the Marketing Package Cost Sheet
Disclosure of itemized costs the seller can expect to incur during the marketing and sale of their property
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Advance Fees are Trust Funds
The proper handling of broker fees deposited with the broker before they are earned
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Advance Costs are Trust Funds
The proper handling of costs advanced by a seller to a broker to market their property and acquire property reports
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A Broker’s Use of Supervisors
A broker’s delegation of oversight and management duties to an office manager
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The Borrower and Mortgage Broker Relationship
The disclosure of essential mortgage terms to a borrower by the broker soliciting or arranging a mortgage
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