Real Estate Picnic

Chat Help: Undernet #RealEstate [number] Regular Ops are 1. SpinTail 2. Insert nickname. Other Undernet channels do include #Politics #Political #CNN #Psychology #Undernet #Christmas #RebelYell #Abuse-Survivors #Constitution #Newbies Be polite, courteous and participate #RealEstate is only a help channel. What’s your #RealEstate question into the channel and I will maybe pull up a desk. Thank you! Hope we enjoy!

My 180 (insert your hours) certified hours in the classroom time in Real Estate

Menu: A. Solve Desks B. My PITI Team C. Sales Review Library D. Underwrite Jobs and your Summary E. Allocated & Monthly Spending Plan For Buying F. Purchase Loans/Banking LTV (loan to value) G. My Documents H. Chapters

A. Solve Desks: 1. Dearborn 2. Barron’s 3. 882 E’s 4. Readers Digest 5. Sales Review 6. Blue Ocean Experts 7. Operations 8. Consumer Report 9. Introduction to Business 10. Boilers 11. Estate Mathematics 12. Web Sites

B. My PITI Team: 1. My Principal Charge = (Insert Principal %) 2. Interest Charge = (Insert Company) (insert Interest %) 3. Tax Charge = (Insert Property tax Bill %) (Insert Your Ad Valorem Tax Levy Annually Report) 4. Insurance Charge = (Insert Insurance Form) (Insert insurance %)

C. Sales Review Library: 1. The new science of sales force productivity 2. How to pitch a brilliant idea 3. What makes a good salesman 4. Low-pressure selling 5. Making the major sale 6. Major sales: who really does the buying? 7. Humanize your selling strategy 8. Manage the customer, not just the sales force 9. Interviews with CEO’s 10. Advances in Strategy 11. Appraising employee performance 12. Becoming a high performance 13. Brand management 14. Breakthrough leadership 15. Breakthrough thinking 16. Bringing your whole self to work 17. Building personal and organizational resilience 18. Business value of IT 19. Change 20. Compensation 21. Corporate ethics 22. Corporate governance 23. Corporate responsibility 24. Corporate strategy 25. Crisis management 26. Culture and change 27. Customer relationship management 28. Decision making 29. Developing leaders 30. Doing business in China 31. Effective communication 32. Emerging markets 33. Entrepreneurship 34. Finding and keeping the best people 35. Green business strategy 36. High-performance organization 37. Innovation 38. The innovation enterprise 39. Knowledge management 40. Leadership 41. Leadership at the top 42. Leadership in a changing world 43. Leading in turbulent times 44. leading through change 45. Making smarter decisions 46. Managing diversity 47. Managing health care 48. Managing high-tech industries 49. Managing people 50. Managing projects 51. Managing uncertainty 52. Managing the value chain 53. managing your career 54. Managing yourself 55. Marketing 56. Measuring corporate performance 57. Mergers and acquisitions 58. Mind of the leader 58. Motivating people 59. Negotiation and conflict resolution 60. Nonprofits 61. Organizational learning 62. The persuasive leader 63. Pricing 64. profiting from green business 65. Retailing and merchandising 66. Strategic alliances 67. Strategic renewal 68. Strategic sales management 69. Strategies for growth 70. Supply-chain management 71. Talent management 72. Teams that succeed 73. Tests of a leader 74. Top-line growth 75. Turnarounds 76. Women in business 77. Work and life balance 78. Ideas with impact

D. Underwrite (Insert My Real Estate License #)

E. Allocated & Monthly Spending Plan for Buying: 1. Monthly Take Home Pay 2. Charity 3. Saving 4. Housing 5. Utilities 6. Food 7. Clothing 8. Transportation 9. Medical/Health 10. Insurance 11. Personal 12. Recreation 13. Debts. Form Submitted to Licensee.

F. Purchase loans/Banking LTV (loan to value): 1. Conventional loans must meet FNMA guidelines *18/36 ratios * Less then 80% LV 2. Insured conventional loans * 28/36% ratios or 33/38% * now- more and more lenders are using 40% of gross for PITII & LTV PMI = Private mortgage insurance 3. FHA loans = FHA loans are FHA-Insured loans. Does not loan money (insures the loan) section 203(b) requirements * Up front Insurance premiums/1.5% * May be financed * Plus .5% monthly * FHA approved appraisal * FHA escape clause (must be in the purchase agreement) * Also have ARMS * maximum loan amount by area *may be repaid * assumption rule 4. VA-Guarantee Loans * eligibility * $60,000 maximum now * VA normally doesn’t loan money * Must have “certificate of eligibility” * May pre-paid anytime (without penalty) 5. GI-Bill 6. Tariffs * The money product has a price * Ratio coming soon 7. Marxism = Wholesale surplus value

G. My Documents: 1. Agency Relationships in Real Estate Transactions 2. Exclusive Right to Sell listing Contract 3. Contract for Exclusive Right to Represent Buyer 4. Seller’s Property Disclosure statement 5. Well Disclosure Statement 6. Private Sewer System Disclosure 7. Private Sewer System and/or Well Disclosure Map 8. Addendum to Purchase Agreement Disclosure of Information on Lead-Based Paint and Leased-Based Paint Hazards 9. Purchase Agreement 10. Condominium/Townhouse/ Cooperative Addendum Common Interest Community (CIC) 11. Personal Property Agreement 12. Financing Addendum Conventional or Privately Insured Conventional Mortgage. 13. Financing Addendum Mortgage Discount Points 14. Inspection Contingency Addendum 15. Counteroffer Addendum 16. Contingency Addendum 17. Request For Removal of Contingency 18. Cancellation of Purchase Agreement

H. Chapters: 1. Introduction to Real Estate Business 2. Real Property and the Law 3. Concepts of Home Ownership 4. Agency 5. Real Estate Brokerage 6. Listing agreements and Buyers Representation 7. Interest in Real Estate 8. Forms of Real Estate Ownership 9. Legal Descriptions 10. Real Estate and other Liens 11. Real Estate Contracts 12. Transfer of Title 13. Title Records 14. Real Estate Financing 15. Leases 16. Property management 17. Real Estate Appraisal 18. Land-use controls and property development 19. Fair Housing and ethical Practices

Created by SpinTail. My plan of work is I think it’s going to be on the Edina Reality wall