Upcoming Investable Realty Events
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Investable Realty, with Millennium Title, is sponsoring two classes on understanding important new changes to the HUD / Settlement /TRID.
Do you need to learn more and get ready for these TRID documents and disclosures? We have two class times offered next week to help real estate professionals get up to speed. You do not need to be a Realtor to attend, if you are an interested affiliate or consumer you can still attend our classes for this important information.
Monday September 21,2015 3:00 – 4:00 PM
Wednesday September 23,2015 10:00 AM – 11:00 AM
Please RSVP by calling 972-332-0062 or email Jessica@Investablerealty.com please put CLASS RSVP clearly in email subject line.
$5 with your RSVP or $10 at the door (if space is available 80 spots per class) No need to pay when you RSVP just call or email, we will have a list of your RSVP at the door to apply your discount. TREC MCE credit one hours is available to licensed real estate agents, through Millennium Title; Millennium MCE Continuing Education.
Location: Investable Realty
8330 LBJ Freeway, 1st floor auditorium
Dallas TX 75243
Driving to 8330 LBJ Freeway Dallas TX 75243 — – From 75 N. Central Expy and 635, take the 635 Service Road (south side of 635 and just east of 75) to Schroeder Rd. The building is a 11 story office building it says YOUR NAME HERE on top outside of the building. Go to tower b in a 3 building complex, the tallest tower. You can also access Schroeder Rd from Forrest to the south. There is visitor parking outside and in the garage visitor area.
IMPORTANT TREC INFORMATION:
EFFECTIVE JANUARY 1, 2015
To renew your license timely you must have your Continuing Education (CE) completed and posted to your record at the time the renewal fee is paid. The renewal fee must be paid within 90 days of the license expiration date. Effective January 1, 2015, if Commission records do not show that you have completed your CE at the time you submit your renewal application, you must pay a $200 CE deferral fee, or renew in INACTIVE status. Paying the deferral fee will allow you to continue to be active in real estate activities and give you an additional 60 days from your expiration date to complete your CE.
Please Contact TREC with any questions regarding this update.
Phone: (512) 936-3000
What is TRID?
TRID stands for TILA-RESPA Integrated Disclosure. TILA stands for Truth in Lending Act, and RESPA stands for the Real Estate Settlement Procedures Act. So, what is TRID?
TRID, refers to new integrated disclosures for real estate transactions implemented by the Consumer Finance Protection Bureau (CFPB). On August 1st of 2015, the CFPB is consolidating existing mortgage disclosures from four forms, to two forms. The CFPB is integrating the Good Faith Estimate (GFE) and Early Truth in Lending (TIL) into one document called the Loan Estimate (LE). The HUD-1 and Final TIL will be integrated into one document called the Closing Disclosure (CD). UPDATE as of 6/25/2015: The CFPB amended to delay the effective date of the TRID until October 3, 2015.