Florida Real Estate Continuing Education
Credit, Fraud and Identity Theft (4 CE Hours)
TUITION: $28
CE CREDIT HOURS: 4
Upcoming Course Dates & Times
| Evening | September 10 | Naples |
| Time: 1:00pm - 5:00pm | Friday | Sessions: 1 |
| Register |
Customers entrust their real estate agents with a wide variety of personal information. If it falls into the wrong person’s hands, the damage to the customer’s life and the agent’s reputation, to say nothing of penalties against the licensee, could be extreme.
From the Internet to email and from credit statements to confidential contracts, there’s never been more opportunity for identity and credit thieves to work their horrific magic in a real estate transaction.
In this course students will learn the methods thieves use to steal identities and how to use that knowledge to safeguard important customer information.
This course also covers the real estate licensee’s obligations and provisions for due diligence related to credit. Students will study Federal Credit Protection Laws, including the Consumer Credit Protection Act, consumer credit file rights under state and federal law, Fair Credit Reporting Act, and Fair Credit Billing Act. Sometimes real estate agents have three to six months working with a client before applying for a loan.
In this course real estate licensees will learn to do everything legally and ethically possible to improve legitimate clients’ credit scores in advance of applying for a loan. They will also learn how to spot and prevent credit and mortgage fraud.
Topics include:
* Consumer Credit Protection Act
* Fair Credit Reporting Act
* Fair Credit Billing Act
* Understanding credit scoring
* Why credit scoring is used
* How a credit-scoring model is developed
* Reliability of the credit scoring system
* What clients can do to improve credit scores
* Federal credit protection laws
* Identity theft and credit fraud in real estate
* FICO score
* Identity theft in a real estate relationship
* Financial identity theft
* Criminal identity theft
* Identity closing and concealment
* Synthetic identity theft
* Virtual information – kidnap and ransom
* Methods of infiltrating a real estate transaction