03.01.07

MN COMMERCE DEPT. SPEAKS ON CLOSER LICENSING

Posted in Education, Industry News at 1:40 pm by Jeanne

Many of you have contacted me as to whether any of the classes you have taken from me in title exam, abstracting, or legal descriptions qualify for the Closers License. They apparently do not. So, I am putting together a class to meet the commerce department requirements. Please contact me with questions. My understanding is that the state requires all closers to hold a closers license.

FYI, Here is the response from Commerce regarding closer licensing classes:

“Jeanne,

To obtain a Minnesota Real Estate Closing Agent License, an individual must submit proof of completing a course approved by the Minnesota Department of Commerce for either real estate pre-license education or real estate continuing education which covers at least 8 hours of subject matter relating to real estate closing.

Real estate closing is a topic which is covered in the real estate pre-license education courses required to be completed in order to obtain a Minnesota Real Estate Broker or Salesperson License. Therefore, a copy of a Minnesota Real Estate Broker or Salesperson License will also be acceptable as proof of the completion of the required 8 hours of real estate closing education.

Janet
Licensing Division
Minnesota Department of Commerce”

SIGNING AGENTS

Posted in Money and Finance, Mortgage and title Fraud at 6:01 am by Jeanne

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I would like some feed back on Signing Agents. The people who have contacted me to be a signing agent make it seem too good to be true. “Lots of Money,” “Do it on your own time-frame,” “You don’t need to know a thing,” “You don’t explain anything to the consumer, just tell them they need to sign all the papers to get the money.”

My conscience scares me. What if I look at the mortgage papers, and the terms are horrendous? What if I believe the person signing the documents has no clue what is happening to them? What if it is a foreclosure waiting to happen? I’m not sure I could live with myself. Will somebody please explain this to me!

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