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Allied’s Correspondence Method Provides a Portable Alternative for Real Estate Professionals to Fulfill Continuing Education Requirements 


Laguna Hills, CA - March 31, 2015 - Allied Real Estate Schools, a division of Allied Schools, an accredited online career training school serving working and career-seeking adults throughout the nation, has added a second 45-hour continuing education option for California real estate agents to meet their CalBRE CE requirements. All real estate salespeople and brokers are required to complete 45-hours of continuing education to keep their California real estate license active and up to date. The Correspondence delivery method includes all online course materials designed to satisfy these requirements, along with 15 unit PDFs of the online content for each module.   

 “Convenience and portability of study materials is very important to real estate professionals who lead extremely busy lives. We’ve added a new correspondence delivery option to meet the needs of those who want to review their course materials while on-the-go, in between clients, “ said Allied Schools President, George Achenbach. “At the same time, we still offer the convenient, online only version for those students who prefer to study on a mobile device or computer.”

Both 45-Hour CE Renewal course formats include 7 courses plus 15 quizzes and 7 exams which cover several areas that affect the real estate licensee, such as ethical behavior, law of agency, the National Association of REALTORS® Code of Ethics, and required disclosures, among others. Students enrolling themselves online or ‘Pay When You Pass’ will be enrolled in the correspondence version. The 45-Hour CE renewal price is $67.00.

CalBRE regulation requires that CE students spend maximum of eight hours per day in a correspondence course, with a minimum study time of six days. Accordingly, students must wait a specified number of days prior to accessing the course final exams. Students are required to complete all quizzes and final exams online. More details on exam schedule requirements can be found on realestatelicense.com. 

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Looking to get a mortgage loan originator license in the state of California? We’ve broken down the process into a few easy steps below


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Before you can get an MLO license, you’re required to complete a mortgage loan originator pre-license education with an accredited and trustworthy school. First, you’ll need to create a NMLS account before enrolling with an education provider. For the state of California it is required to complete 20-hours of education approved by the National Mortgage Licensing System. After receiving a passing grade, you will have satisfied this requirement.  

Then it’s time to prepare for and pass the national and state MLO exams. A mortgage loan originator handbook is available for specific test requirements. Make sure you review and follow it closely. Before signing up for the test, many students utilized MLO test prep materials to ready themselves for the license exams. Once you’re comfortable with the material, it’s time to sit for your test. Check your handbook for testing facility locations then submit an application and reserve a spot through your NMLS account. 

After passing the test, there’re a few basic requirements applicants need to complete before a license can be issued. Test takers will need to complete both a criminal background check and a credit check. Then, if not done already, students will need to request a sponsor or company relationship through the MU4 form on the NMLS site.

Once everything checks out, CONGRATULATIONS, you can now start working with your new company or sponsor as a California Mortgage Loan Originator.
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Want to learn how to get a mortgage loan originator license in the state of Texas? We’ve broken down the process into the following steps.


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First thing on the list is to complete your Texas pre-license education with an accredited and reputable school. You’ll need to create a NMLS account before you take your education. For the state of Texas it is required to complete 23-hours of education approved by the National Mortgage Licensing System. Once you receive a passing grade you will have satisfied this requirement.

Next you will need to prepare for and pass your state exam. An MLO handbook is available for specific test requirements. Make sure you review and follow it closely. Before signing up for the test, many students utilized test prep materials to get them ready for the state exam. Once you feel prepared, it’s time to sit for your test. Check your handbook to find out where your closest test facility is located and reserve a spot through your NMLS account. 

After you receive a passing score on the national MLO test, there are a few basic requirements applicants will need to complete before they can be issued a license. Students will need to complete both a criminal background check and a credit check. Then, if not done previously, students will need to request a sponsor or company relationship through the MU4 form on the NMLS site.

Once everything checks out, CONGRATULATIONS, you can now start working with your new company or sponsor as a Texas Mortgage Loan Originator.
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Several significant factors are blending together right now in housing to create an ideal buying and refinancing market for first-time buyers and existing homeowners.

“Conditions are very favorable for first-time homebuyers to start getting back into the market,” said Fitch Ratings Director Sean Nelson. “Mortgage rates are falling, Federal Housing Authority insurance premiums are coming down, home prices are cooling and employment is steady.”


Mortgage applications posted another steep increase Wednesday morning after a drastic 49% surge for the week ended Jan. 9, the latest Mortgage Bankers Association’s Weekly Mortgage Applications Survey said.


“Mortgage application volume increased last week to its highest level since June 2013, led by a 22% increase in refinance application volume. This increase was largely due to mortgage rates dropping to their lowest level since May 2013,” said Mike Fratantoni, MBA’s Chief Economist.


The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($417,000 or less) decreased to 3.80%, the lowest level since May 2013, from 3.89%, with points increasing to 0.29 from 0.23 (including the origination fee) for 80% loan-to-value ratio (LTV) loans. The effective rate decreased from last week.


However, rates are not significantly lower than 2012-2013, so the recent declines may not have as large of an impact on refinance rates as in the past.


What could be different from two to three years ago is a borrower’s situation. Those who were unable to refinance in the past because they were underwater on their mortgage may have built up enough home equity to refinance after several years of strong home price growth, the Fitch report explained.


“In addition, those who took out a mortgage in the last year and a half when rates were higher could benefit from refinancing with today’s rates,” the report said.


And this low-rate environment is not expected to change too soon, with Freddie Mac’s latest report saying mortgage rates are expected to remain around 4% for the first two quarters of the year as long as uncertainty in foreign markets continues to result in a flight to safety into U.S. Treasury long-term bonds.


“Until rates start to rise later in the year, housing markets should respond positively and we anticipate increases in home sales and continued improvement in construction activity. With rates lower at the beginning of the year, we'll see higher than expected refinance volumes as well," said Frank Nothaft, Freddie Mac vice president and chief economist.


Couple this with both government-sponsored enterprises officially announcing their individual 97% loan-to-value products, and the housing market is ready to enter the spring homebuying season.


Lenders like Ditech Mortgage and AmeriSave Mortgage already announced that they would offering 3% down payments shortly after the government released the new products.


On Tuesday,Housing & Urban Development Secretary Julián Castro told first-time homebuyers in a fireside chat moderated by Zillow (Z) Chief Economist Stan Humphries that now it’s the time to step into housing.


“Investment in a home is an investment in the long run in creation of wealth,” Castro said. “A confluence of better economy, wages starting to go up and gas prices going down create some breathing room for people stuck in that rut to save some money to buy that first home.”


Source: Brena Swanson, "Why right now is the perfect recipe for more mortgage lending," Housingwire.com


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TAKING THE CALIFORNIA REAL ESTATE BROKER EXAM
Getting ready to take the California state broker exam and want to know what it’s like? You’re in luck. This article will walk you through the ins and outs of the California state broker exam - so when it comes time for you to sit for the test, you won’t be caught off guard.

The following goes over some of the most important components of the California state broker exam and what you should expect.

What the test covers
The California real estate broker exam will test your basic skills as well as your real estate knowledge. The exam is broken up in two sections, a national section and a state section. The state test will cover California specific laws, regulations and business practices specific to the state. The national portion of the exam covers questions pertaining to specific job functions of the real estate salesperson.  

Preparing for the exam
Schools like Allied Real Estate Schools offer an in-depth real estate education that helps prepare test takers to pass the exam the first time around. Make sure the school you choose is CalBRE approved and has up-to-date information. This will ensure you’re studying correct materials and help you feel more comfortable while taking the exam. Once your pre-license education is completed you can then make a reservation to sit for the state exam.  

Taking the state exam
Students are given 5 hours to complete the 200 question exam which is taken at an e-test workstation or by scantron format. Just like most tests there is: no talking, no cheating, no use of cell phones and no outside notes are permitted. In fact, any dishonest behavior during the test can result in an automatic failing grade and may affect your ability to sit for the test in the future. Make sure you are on your best behavior, arrive 30 minutes early to check-in, and have your two forms of ID ready.  

Materials allowed
No personal items are permitted including phones and calculators. A basic calculator and scrap piece of paper will be provided, both of which are collected when you turn in your exam. Pack light and leave your personal belongs at home or in your car if possible.  

Types of questions
The test consists of 200 multiple-choice test questions broken up between the state and national sections, 100 questions in each section. The questions on the test are not meant to trick test takers. Use what you’ve learned through your real estate education to answer the questions to the best of your knowledge. For the real estate broker exam, test-takers need to get at least 75% of the answers correct to pass.  

Get prepared
As you can see, sitting for the California real estate broker exam isn’t going to be something you can breeze through without preparation. It is highly recommended to take your real estate education seriously with a school that cares about the success of its students.

So if you’re getting ready to take your state required pre-license education, talk to an Allied Real Estate Schools rep about getting it done the right way today. Allied is an industry-leader in real estate education and exam preparation, with some of the highest regarded exam preparation materials. Call (800) 617-3513 to learn more today!

And if you’ve already completed your education and are getting ready to sit for the California real estate broker exam… congratulations and good luck. We wish you all the best!
Get More Info Enrol Now - 800-617-3513

TAKING THE TEXAS REAL ESTATE EXAM

Getting ready to take the state exam and want to know what it’s like? You’re in luck. This article will walk you through the ins and outs of the Texas state real estate exam - so when it comes time to sit for the test, you won’t be caught off guard. The following goes over some of the most important components of the exam and how you should think about preparing for them.  

What the test covers
The Texas real estate exam will test your basic skills as well as real estate knowledge, making sure you are capable of succeeding as a real estate salesperson. The exam is broken up in two sections, a national section and a state section. The state test will cover Texas specific laws, regulations and business practices specific to the state. The national portion of the exam covers questions pertaining to specific job functions of the real estate salesperson.  

Preparing for the exam
Schools like Allied Real Estate Schools offer an in-depth real estate education that helps prepare test takers to pass the exam the first time around. Make sure the school you choose is properly accredited and has up-to-date information. This will ensure you’re studying the correct materials and help you feel more comfortable while taking the exam. Once your pre-license education is completed you can then make a reservation to sit for the state exam.  

Taking the state exam
Students are given 240 minutes to complete the exam which is taken at an e-test workstation. Just like most tests there is: no talking, no cheating, no use of cell phones and no outside notes are permitted. In fact, any dishonest behavior during the test can result in an automatic failing grade and may affect your ability to sit for the test in the future. Make sure you are on your best behavior, arrive 30 minutes early to check-in, and have your two forms of ID ready.  

Materials allowed
No personal items are permitted but you can bring a basic calculator (no alpha character buttons). During the test you will be allowed to use scrap paper which must be turned in to the instructor at the end. Pack light and leave personal belongs at home or in your car if possible.  

Types of questions
The test consists of 125 multiple-choice test questions. The questions on the test are not meant to trick test takers. Use what you’ve learned through your real estate education to answer the questions to the best of your knowledge. For the real estate salesperson exam, test-takers need to get at least 56 answers correct on the national portion of the exam and 21 correct answers on the state exam.  

Get prepared!
As you can see, sitting for the Texas real estate exam isn’t going to be something you can breeze through with no preparation. It is highly recommended to take your real estate education seriously with a school that cares about the success of its students.

So if you’re getting ready to take your state required pre-license education, talk to an Allied Real Estate Schools rep about getting it done the right way today. Allied is an industry-leader in real estate education and exam preparation, with some of the highest regarded exam preparation materials. Call (800) 617-3513 to learn more today!

And if you’ve already completed your education and are getting ready to sit for the Texas state real estate exam… congratulations and good luck. We wish you all the best!
Get More Info Enrol Now - 800-617-3513

SITTING FOR THE CALIFORNIA REAL ESTATE EXAM

Getting ready to take the state exam and want to know what it’s like? You’re in luck. This article will walk you through the ins and outs of the California state real estate exam - so when it comes time to sit for the test, you won’t be caught off guard. The following goes over some of the most important components of the exam and how you should think about preparing for them.  

What the test covers
The California real estate exam will test your skill levels in reading, writing, spelling and math, making sure you are capable to succeed as a real estate agent. The test then dives deeper into your knowledge of real estate principles and practices. Areas covered here include: Property ownership, real estate laws, property valuation, financing, property transfers, real estate disclosures, contracts and more.  

Preparing for the exam
he California real estate exam is no walk in the park. Which means a good pre-license education is crucial. Schools like Allied Real Estate Schools offer an in-depth real estate education that helps prepare test takers to pass the exam the first time around. Make sure the school you choose is properly accredited and has up-to-date information. This will ensure you’re studying the correct materials and help you feel more comfortable while taking the exam.  

Taking the state exam
When it comes time to sit for your state test, make sure you know what to expect. Students are given three hours and fifteen minutes to complete the exam. Exams are traditionally offered in a multiple choice style format, filled in by hand. However, many facilities now offer an electronic version. Just like most tests there is no talking, no cheating, no use of cell phones and no outside notes permitted. In fact, any dishonest behavior during the test can result in an automatic failing grade and may affect your ability to sit for the test in the future.  

Materials allowed
What items are permitted for the state exam? During the test you will be provided with a test booklet, a basic calculator, an answer sheet and a scrap piece of paper. All paper used for scrap must be turned in to the instructor at the end.  

Types of questions
The test consists of 150 multiple-choice test questions which you will fill-in on a bubble answer sheet or electronic format. The questions on the test are not meant to trick test takers. Use what you’ve learned through your real estate education to answer the questions to the best of your knowledge.  

Get prepared!
As you can see, sitting for the California real estate exam isn’t going to be something you can breeze through with no preparation. It is highly recommended to take your real estate education seriously with a school that cares about the success of its students. So if you’re getting ready to take your state required pre-license education, talk to an Allied Real Estate Schools rep about getting it done the right way today. Allied is an industry-leader in real estate education and exam preparation, with some of the highest regarded exam preparation materials in the state. Call (800) 617-3513 to learn more today!

And if you’ve already completed your education and are getting ready to sit for the California state real estate exam… congratulations and good luck. We wish you all the best!

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In the wake of the housing crisis, major restrictions were put into place in order to stop the bleeding and halt any more risky loans from entering the market. Five years since the disaster and the country is still slowly recovering.

Now, in an effort to attract investors back into the mortgage lending arena, the U.S. government is ready to breathe life back into the real estate market by loosening restrictions. As a result, this will allow new qualified homebuyers, who have been sidelined under current restrictions, to now enter the market.

These new mortgage rules are being talked over by six of the main regulatory agencies, including Fannie Mae and Freddie Mac. These new rules will loosen government restrictions and allow loans to flow more freely again to qualified homebuyers which should attract more private investors to the industry – providing a spark to the market. Wells Fargo and several other big lenders have already lowered the credit score requirements to help jump start the process.

What does this mean for the real estate market?
This is major news for a real estate industry that has been struggling to get its legs back ever since 2008. With new lifeblood being pumped back into the market, the real estate industry should see a nice bump in home sales and jobs within the industry.

This is especially true for real estate agents, brokers and mortgage loan originators. These jobs dropped to record low numbers after the bottom fell out of the market. But now real estate agents, brokers and MLO’s can finally get excited to get back to work.

It’s estimated that the new regulations will add over 12.5 million borrowers to the lending pool according to a recent Moody report. With these new rules in place, more jobs should become available within the housing market - hopefully adding an underlying stability to the real estate industry once again.

Looking for a career in real estate? Get your real estate training online with Allied Real Estate Schools. Call 800.617.3513.

SOURCE: Furman, Jason. "White House: New policy will help home buyers." CNN Money. 5.21.14
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