Well, here I am in beautiful Asheville, NC. I'm here this week earning my final educational requirements toward the much coveted CRS designation. I have already been a member of the CRS council but after this week I can proudly display the CRS designation. CRS stands for Certified Residential Specialist. As a designee, I become part of a nationwide network of top real estate professionals allowing me to assist clients whether here in NC or literally in every & any state in the country.
I could not ask for a more beautiful setting to receive this training than here in Asheville. The fall colors are just beautiful and the weather is sunny, cool & crisp with Carolina blue sky's.
One of the instructors this week included a VP of CountryWide Home Loans reviewing topics associated with residential financing. He also gave us very interesting updates on the current mortgage market & insights into what has led to current crisis in the subprime market. The good news is that for most borrowers business is as usual. There is no liquidity issues with FNMA or FHLMC and source funds are available for conforming loans. Interests rates are still low and NC as a state has enjoyed a 4% appreciation rate in property values.
Our instructor today was a member of the Joint Forms Committee for the Real Estate Commission. We received a thorough overview of navigating the sometimes slippery slope of getting a sales contract to close successfully to the benefit of both buyer & seller. We reviewed many case studies that has gone through the courts. A real estate transaction can be wrought with pitfalls & one of our roles as an agent is educating our clients through the process in order to avoid problems.
Well, thank you for visiting our team blog. You will see posts regularly from both me & also from Nuria. We welcome your comments as we go along.
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