At the completion of this course, students will be able to: Describe the roles of brokers and attorneys in real estate transactions; Identify different real estate financing strategies and differentiate between them; Analyze and explain common contractual terms found in real estate contracts and mortgage agreements; Describe the federal and state-imposed limits on foreclosure; Explain the process of conducting due diligence and its significance; Differentiate between types of deeds and explain the features of each; Describe the mortgage application process; Identify the steps buyers should take to prepare for the mortgage application process; Differentiate between mortgages such as fixed-rate, adjustable-rate, and balloon-payment mortgages; Distinguish between the three types of recording statutes: race, notice, and race-notice; Identify the laws that prevent discrimination and ensure equal opportunity in mortgage lending.