housing costs in many areas exceed the financial reach of many low-to-moderate
wage earners, such as service sector employees, entry level staff and health
personnel, as well as teachers, police, and firefighters. Additionally, as many
REALTORS® and lenders know, minorities and new immigrants often fall victim to
discrimination and predatory lending practices. There are financial programs
and tools that can help address the problem of affordability and you can learn
about them. Develop your knowledge and expertise to serve this important and
growing market by taking the steps to become WHC.
Workforce Housing Certified (WHC) REALTORS® are specially trained to receive
customer inquiries on workforce and affordable housing finance programs for selected
jurisdictions. Earning this popular certification requires completion of the
following three core classes in any sequence, as well as one elective course:
1. Federal Programs and National
Initiatives (Course #808-1604,
Category F Professional Enhancement, 1.5 hours), includes information on programs
and new regulations for HUD/FHA/VA/USDA, as well as national private
2. State and Local Programs (Course #807-1604, Category F Professional
Enhancement, 1.5 hours), provides fundamentals about state and local programs
available for low/no down payment, closing cost grants, extended term
mortgages, as well as other tax credits, plus government resources for
homeownership education and counseling. Course includes overview of MAR
consumer website www.maryland homeownership.com.
3. MARYLAND MORTGAGE PROGRAM & MARYLAND
HOMECREDIT PROGRAM (Course #806-1604,
Category F Professional Enhancement, 1.5 hours) a comprehensive discussion of the
various DHCD mortgage products and programs including qualifications, income
guidelines, and special incentive areas. Taught by DHCD staff.
(6 hours – no CE), taught by Freddie Mac certified trainers, this is a “Train
the Trainer” program to prepare you to educate consumers about getting and
maintaining good credit, credit scoring, money management, and budgeting. Any
prior CreditSmart certification is counted towards WHC.
2. NAR’s Employer-Assisted
Housing, Expanding Housing Opportunities, or At Home With Diversity®. See www.realtor.org/education
Any other State
of Maryland approved CE course concentrating on a specific loan program such as
FHA/VA/USDA or serving first time homebuyers.
There is no exam and
there are no MAR charges or fees for the WHC certification. There may be some
materials or facility costs associated with certain classes or locations. After
completing the required classes, your name will be placed on a revolving
referral list on the www.marylandhomeownership.com website, based on your preferred business locations
(up to three)
The WHC program is
not affiliated or endorsed by the National Association of REALTORS®.
After the WHC
certification is obtained, it is good for a two year cycle ending on December
31 of the expiring year. To stay certified, you must complete any two of the WHC
core courses within that two years.
SCHEDULE OF CLASSES
Classes will be offered on Thursday, May 4, 2017 at Bay Area Association of Realtors. Register here.