Well, there's no such thing as a HUD these days, so you'll be looking for guidance on LE's and CD's instead.  Reading one of these forms has nothing to do with the closing math, though ---- you'll have to learn your title company/escrow charges, tax schedules, aggregate adjustments, lender costs (if brokering), and any miscellaneous, customary fees (some states have survey, some have transfer tax, etc) 

All of this should be made known to a client before an LE, CD, or anything else official is even sent out.

If you want to be a real estate agent conentrate on being the best you can be.  Let the lender and title company do their thing.

The closing forms are not really complicated.  And your agent training should really cover this.  If not, your favorite title attorney can explain it to you.

Go work for a closing company and they will teach you or do it on your own and have someone you trust help you. 

I went to a class about the new trid rules and they covered the CDs there.  It's basically a balance sheet and pretty easy to read.

I think it's NOT rocket science.... once someone goes through it with you, you'll be finding and correcting  errors that legal secretaries make..... 

I think if you are inclined to expand your knowledge, for whatever reason, then you would want to follow that inclination.  

Alternatively, find a good Escrow Officer ... they can often explain it better than some lenders.  

I was a loan processor. I don't think you need to get a license to learn. Invite your loan officer to lunch and it will take him 15 minutes to answer all your questions.

The CD or closing disclosure is really easier to read and if your broker has not given you the training....ask the title company...or a lender...Not sure that having a license is necessary.

In real estate school. We needed to be able to prepare on the state exam to pass. No more HUD's, by the way since last year. In North Carolina we are legally responsible for the accuracy of a settlement statement, so we better know how to read one and make sure it's correct.

In Colorado I had to learn the math as part of my pre licensing course. 

I think that your time is better spent perfecting your realtor skills

An attorney or title officer should be able to explain this.

Seana Johnson - HUD-1s are used solely now for cash deals and you don't need to be a LO in order to read and fully understand them. I would sit down with my broker and review the HUD-1 and the Closing Disclosure in detail so that you will be able to fully explain it to your clients.  Good luck!

Sometimes it is best to excel at what we do best and recognize that there are other professionals that can be a fantastic resource, as John Meussner mentioned.  In my part of the world, we are NOT to venture into anything remotely connected to lending!

The lender goes over the closing disclosure, but our title company still does the settlement statement, which is much easier to read.

Originally I believe I learned in RE school. If you are uncomfortable with it then sit down with your title rep!

John has a good answer.

Heading towards HUD? Hud-heading? My head hurts....

That is great but will you want to do both.

I knew before I was agent since I was an Escrow Manager, but a broker class really brings  it all home for some

Taking the Safe Act Test will do little to help you with this. It takes practice and patience.

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Sit with a cloing officer at a title company and they can walk you through it!

go for it

It is now called the ALTA. For me, it was a must to learn the math as it was done by hand when i started. For my agents we go through mock huds so they know what is what, what i right, what is wrong so they can be there for our clients 

Richard Weeks nailed this one!

I have 20 years as a finacial anaylst as well as a REALTOR so Hud is tres simple pour moi. 

John Meussner said it perfectly.

From a loan officer a long time ago.

 I learned during my first transaction and a closing I sat and went through it with my client. I would also encourage you to have your instructor go over this in class as it should be part of your learning curriculum ....

If you have a problem, discuss it with your broker.

I find these things just take a bit of concentration and a calculator.

John Meussner said it well. I would focus on what you do best and let the professional who knows the Loan Estimates and Closing Disclosure and related information explain it and answer questions.

No need to learn how to read a HUD in our great country since HUD affects the USA.

Seanna have a title/escrow person go over HUD -1 with you a few times. Which by the way they will love to do! You'll get it - it just takes a little time to fully understand them and when you do.....kaboom CHANGES HAPPEN!!

All information learned is a good thing, but i leave that part to that Professional entity

HUD's are rare these days... maybe on a cash deal... anything with a mortgage loan will require a CD.

By the time you get good at reading one, they'll change and you'll have to learn how to read them all over again. Stick to real estate and get good at that. Those forms will change all the time too. LOL

I would put all your efforts into real estate & leave the LO duties to someone you feel comfortable with.

Seana Johnson I learned how to read the HUD-1 statement when I took real estate classes for passing the real estate exam. Things have changed. Take a look at John Meussner 's answer.