Changes Are Coming (TRID)

 If you are in the residential real estate industry here in the United States you are aware there are changes COMING.  There has been and still is a lot of discussion about the CFPB, Truth and Lending Act, RESPA  and TRID and when it will be enforced.

Here’s my take - once again we’re simply in a paradigm shift - our cheese is moving. This is not bad or good, it is simply different.

Just before I left for Alaska, I attended an Arizona Escrow Association Class on some of the CFPB changes.  Leslie Baines with First American Title Company was our instructor.  Leslie impressed me with a very concise statement regarding real estate agents.  

She said:  “Agents should advise the (buyer’s) lender of any additional charges the borrower may expect to incur i.e. broker administration fees and special assessments or capital improvements (HOA’s)   They should also confirm with the lender that they (the lender) have correct delivery information for the borrower.’ 

Real Estate Agents are vital to the real estate transaction.  You’re the fiduciary to the client (buyer or seller).  You’re educated in the process and your buyer and or seller respect that!

You matter!

Self education is huge for you-gaining new information is an integral part of your business.  At Great American Title we understand and we’re hosting a 3 hour CE credit class (Legal Issues), July 16^th with Amy Swaney, CMB designed to help agents get ready for some of the industry changes.

Amy is passionate for the real estate industry, in 2002 she was selected for the national MBA Future Leader’s program.  She has served as the President of the Arizona Mortgage Lender’s Association in 2006.  Amy is often asked to speak nationally to Real Estate, Title and Legal groups on topics from legislative and regulatory industry education to inspirational leadership guidance.

The class will be held in the Chandler Downtown Community Center, 125 E Commonwealth Ave, Chandler.

One of the new changes, "FREE" - is now a bad word. So yes, the class does cost $20, and you must preregister on line. Seating is limited.  However, there is a no cost covered parking lot, and as always there’s food. 

So do yourself a favor, register to hear Amy, earn the 3 hours of law credit and gain some valuable information about the upcoming CHANGES.

CLICK HERE FOR REGISTRATION AND PAYMENT