Agents act as a fiduciary to their buyers. Buyers rely upon Loan Officers for financing
advice. Since Texas does not enforce a competency standard on Loan Officers, Agents
may not be aware of some of the risks facing their buyers, or know how to mitigate
those risks. This course teaches Agents the core lending concepts they need to know
in order to fulfill their fiduciary duty and avoid a lack of competency. Agents will learn
how to identify risks, before and after offer acceptance, and ways they can reduce
those risks to protect their buyers. This course also shows Agents how to create a list
of recommended lenders that avoids a RESPA violation, that will reduce the risk of a
TREC complaint under Rule 535.148, and that helps support the Agent’s reputation in
the communities they serve.