Texas Real Estate Pre-license: Real Estate Finance (30-hour)


30 Hour Course

Course ID: 451

4 6 Reviews

Approved By: Texas Real Estate Commission

Add to Cart (512) 253-7917

The Texas Real Estate Pre-license: Real Estate Finance 30-hour course is required by the Texas Real Estate Commission (TREC) in order to obtain a real estate License in Texas. The course is presented in an easy and accessible manner to allow you to sign up and get started right away. In this course, we'll take you through some of the most critical issues faced in the real estate finance market, including:

  • how the mortgage-lending process works with the real estate industry

  • a study of the cycles of the real estate market

  • how the economy affects the market

  • what a money market is and how they work

  • And much, much more!

Plus, in our studies, we'll take an in-depth look at some of the government agencies that help control or influence the market, including state and local programs that are available to support the prospective homebuyer. Everything counts toward your prelicense requirements and will help speed your way to becoming a licensed real estate professional in Texas. Enhance your chances to succeed in Texas real estate. Sign up now and get started on your Texas license!

  • The Nature of Real Estate Finance
    • The Nature of Real Estate Finance [8 Activities]
      • 01. Introduction to The Texas Real Estate Pre-License Finance Course (Video)
      • 02. Introduction to The Nature & Cycle of Real Estate Finance (Video)
      • 03. The Nature of Real Estate Finance
      • 04. Mortgage Lending Activities
      • 05. Real Estate Cycles
      • 06. Impact of the Economy
      • 07. Information Resources
      • 08. Conclusion (Video)
    • The Nature of Real Estate Finance Quiz (3 questions)
    • Money and the Monetary System [9 Activities]
      • 01. Introduction to Money & the Monetary System (Video)
      • 02. What is Money & The Federal Reserve System
      • 03. Instruments of Credit Policy
      • 04. The U.S. Dept. of the Treasury & U.S. Mint
      • 05. The Federal Deposit Insurance Corp (FDIC)
      • 06. The Federal Home Loan Bank System (FHLB)
      • 07. Financial Markets
      • 08. Information Resources
      • 09. Conclusion (Video)
    • Money and the Monetary System Quiz (3 questions)
    • Additional Governmental Influence [12 Activities]
      • 01. Introduction to Additional Government Influence (Video)
      • 02. U.S. Dept. of Housing & Urban Development (HUD)
      • 03. FHA-Insured Loans
      • 04. Significant Federal Legislation (CRA, TILA, RESPA, SAFE, APA, Dodd-Frank)
      • 05. Veterans Administration (VA)
      • 06. Other Federal Programs
      • 07. Introduction to State Programs, Agricultural Lending, and the Loan Estimate and Closing Disclosure (Video)
      • 08. State & Local Programs
      • View Additional Activities
        • 09. Agricultural Lending
        • 10. The Loan Estimate
        • 11. The Closing Disclosure
        • 12. Conclusion (Video)
    • Additional Governmental Influence Quiz (3 questions)
    • Secondary Mortgage Market [5 Activities]
      • 01. Introduction to the Secondary Mortgage Market (Video)
      • 02. Major Participants in the Secondary Market
      • 03. Government-Sponsored Enterprises (GSE)
      • 04. Real Estate Mortgage Investment Conduits (REMICs)
      • 05. Conclusion (Video)
    • Secondary Mortgage Market Quiz (3 questions)
    • Sources of Funding [11 Activities]
      • 01. Introduction to Sources of Funding (Video)
      • 02. Commercial Banks
      • 03. Life Insurance Companies
      • 04. Pension and Retirement Programs
      • 05. Credit Unions
      • 06. Mortgage Brokers and Bankers
      • 07. Real Estate Trusts (REITs, REMTs)
      • 08. Mortgage Bonds
      • View Additional Activities
        • 09. Private Lenders
        • 10. Foreign Lenders
        • 11. Conclusion (Video)
    • Sources of Funding Quiz (3 questions)
    • Instruments of Real Estate Finance [11 Activities]
      • 01. Introduction to Instruments of Real Estate Finance (Video)
      • 02. Encumbrances and Liens
      • 03. The Note and Deed of Trust (Trust Deed)
      • 04. The Note and Mortgage
      • 05. Contract for Deed (Land Contract)
      • 06. Introduction to Subordinate Finance Instruments, Special Provisions, and the Promissory Note and Trust FormsĀ (Video)
      • 07. Subordinate Finance Instruments
      • 08. Special Provisions in Mortgage Lending Instruments
      • View Additional Activities
        • 09. The Promissory Note Form
        • 10. The Trust Form
        • 11. Conclusion (Video)
    • Instruments of Real Estate Finance Quiz (3 questions)
    • Scenario #1 (16 questions)
    • Loan Types, Terms, and Issues [12 Activities]
      • 01. Introduction to Loan Types, Terms, and Issues (Video)
      • 02. Interest
      • 03. Types of Loans
      • 04. Introduction to Private Mortgage Insurance, Refinancing, and More (Video)
      • 05. Private Mortgage Insurance
      • 06. Refinancing Existing Conventional Loans
      • 07. Subprime and Predatory Lending
      • 08. Participation Agreements
      • View Additional Activities
        • 09. Tax Impacts in Mortgage Lending
        • 10. Fixed/Adjustable Rate Note
        • 11. Mortgage Fraud
        • 12. Conclusion (Video)
    • Case Study #1 (13 questions)
    • Loan Types, Terms, and Issues Quiz (3 questions)
    • Scenario #2 (17 questions)
    • Government Loans [11 Activities]
      • 01. Introduction to Government Loans (Video)
      • 02. Federal Housing Administration (FHA)
      • 03. FHA - Insured Loan Program
      • 04. Underwriting Guidelines
      • 05. Most Frequently Used FHA Loans
      • 06. Introduction to Direct Endorsements, FHA Contributions, and VA Loans (Video)
      • 07. Direct Endorsement
      • 08. FHA Contributions to Real Estate Finance
      • View Additional Activities
        • 09. VA Loan Guarantee Program
        • 10. Additional VA Loan Programs
        • 11. Conclusion (Video)
    • Case Study #2 (15 questions)
    • Case Study #3 (15 questions)
    • Government Loans Quiz (3 questions)
    • Lender Loan Process [14 Activities]
      • 01. Introduction to the Lender Loan Process (Video)
      • 02. Qualifying the Borrower
      • 03. Qualifying the Collateral
      • 04. Sample Credit Report
      • 05. Uniform Residential Loan Application
      • 06. Introduction to Verifications, Appraisal, Notices, Title, and More (Video)
      • 07. Verification of Deposit
      • 08. Verification of Employment
      • View Additional Activities
        • 09. Uniform Residential Appraisal Report
        • 10. Required Lender Notices
        • 11. Qualifying the Title
        • 12. Title Commitment
        • 13. Lender Closing Costs
        • 14. Conclusion (Video)
    • Case Study #4 (28 questions)
    • Lender Loan Process Quiz (3 questions)
    • Defaults and Foreclosures [7 Activities]
      • 01. Introduction to Defaults and Foreclosures (Video)
      • 02. Defaults
      • 03. Adjustments & Modifications
      • 04. Types of Foreclosures
      • 05. Deficiency Judgments
      • 06. Tax Impacts of Foreclosure
      • 07. Conclusion (Video)
    • Defaults and Foreclosures Quiz (3 questions)
    • Scenario #3 (18 questions)
    • Affidavit
    • Proctor Qualification Documentation
    • Final Exam (60 questions)
  • Course Completion
    • Mandatory Questionnaire
    • Certificate of Completion

Instructor Bio

Phyllis Goodrich real estate instructor
Phyllis has been a certified real estate teacher since 1999. Her accomplishments in the field of Real Estate education are numerous and include things such as the CREI Designation from the Texas Real Estate Teachers Association, a CDEI designation from the International Distance Education Certification Center, and the At Home with Diversity Instructor Certification through the National Association of Realtors.

In addition to her own courses Phyllis reviews Qualifying classes for publishers, reviews MCE classwork for publishers, and is the author of the pre-license classes for salesman and brokers in Texas.

Course Reviews

This group is focused on customer service and helping you learn the material so you can pass the exam. I dealt with Amanda and she was generous with her time and a pleasure to deal with. THANKS!!

The most helpful folks that I have worked with in 30 years. Micheal is excellent as all of the representative are. Easy course to navigate. Perfect.

This was my first time using AYPO and it was a positive experience. The course was informative and I enjoyed the videos included in the course as opposed to just reading text. I had also called the company to ask a few questions and Austin was excellent ! He was very patient when listening to my questions and very clear and concise with his answers.

I called in for some Tech assistance. I received help from Junior Kahaloae. He was super patient (I am sometimes technically challenged!) and he got me back to my class really quickly and easily. So happy to get a patient, knowledgeable tech!

This morning i had the pleasure of being assisted by Junior, he was upbeat, courteous, patient and very professional. He helped me to get logged back into my session and ensured me that he would not leave until the mission was completed. He is a great example of what Customer Service and Tech Support should be. Thanks a million, Junior.

Patric and Austin have been a huge help. When I had questions about the course, they had direct answers that I could reference, to better succeed in taking my test. I will be directing all of my contacts to your program. Thank you again

Great Educational experience, and extremely friendly, fast customer services. Would highly recommend AYPO to anyone interested.

What an expert! I was having trouble scheduling for my exam. Austin stayed with me until the end. Austin was friendly & professional all the way through. He gets 6 Stars from me..