Cryptocurrency and Its Impact on Real Estate
WHEN: Wednesday | October 5, 2022 9:00 AM - 1:00 PM
WHERE: Virtual, hosted through Zoom
WHY: An item that has come to the forefront of technology in recent times is cryptocurrency. Normally a technology item like this would not be at home in a real estate course. So, why you may ask are we discussing it? The reason is that the widespread acceptance of cryptocurrency has come to the point where government are writing laws on how to handle them. This trend has led to laws affecting how closing real estate transactions with cryptocurrency are handled. In other words, it is now affecting real estate.
Learning Objectives: -Provide a customer with an overview of what cryptocurrency is.
-Describe the difference between ‘money’ and an investment like real estate or cryptocurrency.
-Describe any current laws by the federal government that may affect our customers regarding the use of cryptocurrency for purchasing real estate.
- Explain to a customer how a lender makes a loan based on using cryptocurrency.
- Describe how cryptocurrency may be utilized when a customer would not qualify for a typical mortgage.
-List the common characteristics of customers who already own cryptocurrency.
-Given a scenario, calculate the outcome to determine if our investor customer should liquidate cryptocurrency in order to purchase real estate.
- Describe what a Smart Contract is and how cryptocurrency would impact flow of closing on a real estate property.
-Describe the impact cryptocurrency would have on title insurance. ADDED OBJECTIVES
-Briefly explain to a customer what a ‘crypto wallet’ is and how it works.
-Provide an overview of what ‘stable coin’ means when closing a real estate transaction and the pros and cons.
-Describe how escrow funds are held when using cryptocurrency.
-Describe what a ‘Smart Contract’ is.
INSTRUCTOR: Josh Cadillac
CE CREDITS: 4 (In order to receive CE credits, you must: have video capability, have video on and be visible for the duration of the class. You may not drive, show homes or participate in any distractions during class. CE credits will not be given to those who fail to follow these guidelines.)
PRICE: Realtor® Member $40 | Non-Realtor® $60
CLASS POLICIES: You must cancel 24 hours in advance to receive a refund less $10 in service fees. If you choose to transfer to another class, you will be charged a $10 transfer fee. You must attend the entire class to receive your Colorado Continuing Education Credits.
Registration is a two-step process. The day before class, you will be emailed a Zoom link to confirm registration, as well as class materials and guidelines.