Committee Meeting

H/SAR will be closed in observance of the Memorial Day Holiday

A review of the principles and practices of commercial brokers in evaluating and pricing commercial real estate for sale or lease.  The main focus of the course is to understand and manage the key factors in valuation of property including market comparables, appraisal techniques, property and market environment analysis, cap rates, lending rates and the reconciliation of a property price to market values.

Presenter Jeff Lobb will discus hands-on, useable solutions for today's Real Estate Professional including;

Mobile Technology, Android, Anything Apple, Apps, Branding, Digital Marketing, Ipad Marketing, Online Marketing Strategies, Real Estate Video

Come and enjoy Breakfast and learn answers to the following questions and more;

1. Did you know you can buy out mortgage insurance at closing and avoid paying monthly mortgage insurance? With rates at today’s lows, a $380k purchase with 5% down and 700 credit, buying out the mortgage insurance would allow $40k more in purchase power! That means your client could now afford a $420k home at the same monthly payment as the $380k with monthly mortgage insurance!!!
    
2. Did you know you can offer a seller concession to pay for the mortgage insurance, as long as the credit is within the maximum percentage allowed by Fannie Mae and Freddie Mac?
    
3. Did you know you can also do a split pay mortgage insurance, where you can pay a little bit of a premium at closing and therefore reduce the monthly mortgage insurance?
    
4. Did you know you can use single pay mortgage insurance and split pay to sharpen the debt to income ratios and get clients approved, whereas they have been told by other lenders they don’t qualify?

In this class attendees will learn;

The most current perspective on residential oil tanks.
The importance of oil tank sweeps.
Dispelling the myths of "Oil Tanks:  The Dreaded Deal Killer"
The status of the NJDEP oil tank Grant program.  And other funding options available.
The changes in Homeowners Insurance policies with respect to leaking oil tanks.
Leaking Oil Tank Remediation: Costs and Options.
Oil Tank Insurance: Pros & Cons
Technical insight into the NJDEP regulations for both soil and ground water contamination.

With the changing real estate landscape and the increased use of broker price opinions (BPOS) by market participants, the BPO Resource Certification provides REALTORS® with knowledge and skills to reduce risk, increase opportunities, and create professional BPOs.

2.5 hours of Quadrennial Ethics Training as mandated by the National Association of REALTORS® (NAR®).

Required orientation for new members.  Must be completed within three months of joining, or your membership could  be suspended.

2.5 hours of Quadrennial Ethics Training as mandated by the National Association of REALTORS® (NAR®).

Required orientation for new members.  Must be completed within three months of joining, or your membership could  be suspended.

2.5 hours of Quadrennial Ethics Training as mandated by the National Association of REALTORS® (NAR®).

Required orientation for new members.  Must be completed within three months of joining, or your membership could  be suspended.

2.5 hours of Quadrennial Ethics Training as mandated by the National Association of REALTORS® (NAR®).

Required orientation for new members.  Must be completed within three months of joining, or your membership could  be suspended.

2.5 hours of Quadrennial Ethics Training as mandated by the National Association of REALTORS® (NAR®).

Required orientation for new members.  Must be completed within three months of joining, or your membership could  be suspended.

2.5 hours of Quadrennial Ethics Training as mandated by the National Association of REALTORS® (NAR®).

Required orientation for new members.  Must be completed within three months of joining, or your membership could  be suspended.

2.5 hours of Quadrennial Ethics Training as mandated by the National Association of REALTORS® (NAR®).

Required orientation for new members.  Must be completed within three months of joining, or your membership could  be suspended.

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