The test will not change until January 1st. Therefore, because we have students still wrapping up their curriculum and then testing before the first of the year, we still have the current REPC being taught. We will be releasing the New REPC class around the middle of December for students to take.
Just wondering if the REPC class and materials are current as of now or if it’s still the old version. The form attached still says it’s the 2008 form, so i just want to make sure before i take the class.
Just finished the REPC course and had a question on 8.3(b) the buyer can cancel the REPC after the due diligence deadline, but before the finance & appraisal deadline. If that happens, a portion, or all I guess, of the earnest money can be released to the seller without further written authorization from the buyer. In the class example you mentioned you were representing the buyer so you put $1000 in the blank.
Isn’t that backwards? If you don’t want have the buyer lose their earnest money, if the above situation occurs, wouldn’t you put $0 in the blank. If we put $1000 the buyer could potentially lose all $1000. Am I reading section 8.3(b) right?
Excellent catch. I have gone back and reviewed that section of the class. It looks like I misspoke. In an effort to try to teach all the ins and outs of how to fill out a form, I wanted to have substance to every possible blank line, but in being on camera and having just explained the final clause of that paragraph where buyer gets the remaining EM, it looks like my wires got crossed and I misspoke. We will correct this issue. Thank you.
The attachment should be there. So, something is going on with your account. I’ll have Julie look into why the attachment isn’t showing the new REPC. Because you enrolled prior to the New REPC being released, you do have the old REPC in your book.
Here is the link to the new REPC so you can follow along: