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This course presents a case study method of escrow procedures including processing of sale escrows with and without new trust deed financing; learning and using the vocabulary of escrow; drawing of documents; and other processing details pertinent to handling escrows from inception to closing. May be used as an elective for the salesperson or broker license.
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(54 hours lecture; Degree appropriate)
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Course Measurable Objectives:
- Define the most common words and phrases in general usage in escrow.
- Produce escrow documents with and without new trust deed financing.
- Develop the documents of a sale escrow.
- Determine the appropriate proration solutions to problems commonly faced in escrow.
- Construct simple escrow documents.
- Create escrow closing statements.
- Analyze escrow instructions to buyer and seller by comparing them with the original contract.
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Course Level Student Learning Outcomes:
Students completing BUSR 76 - Escrow Procedures 1 will be able to:
- define key words and phrases used in the escrow profession.
- calculate an escrow proration.
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NOTE:
Every effort is made to ensure the accuracy and timeliness of this information; however, students should consult
the
college catalog
for the most current and accurate information regarding degrees,
certificates, or courses.
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OTHER REAL ESTATE
COURSES:
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