This is an interesting article from the Wall Street Journal about why Wells Fargo isn’t doing reverse mortgage loans anymore. Regulations on the bank limit their ability to get information they need to make decisions, so they ended the program. Other lenders are still lending, but this will be something to watch.
I have been taking the Real Estate Buyer’s Agent Council recertification class today for the Accredited Buyers Representative class. The new class is a good redo of the materials. It is helpful for instructors to teach in different states. The agency laws change from state to state and even when they are similar, they are called something different. This is a good change. It also includes the same great material for all agents who work for Buyer’s. Ready to go out and help some agents better serve their clients!
We are focusing on offering a good selection of classes for new agents at our local association, Williamson County Association of Realtors. Today I wrote a 2 hour class on Consulting with Buyers. If you need some suggestions for what to offer new agents, I would be glad to share what we are putting together.