SHORT INTRODUCTION TO CALIFORNIA REAL ESTATE PRINCIPLES,
© 1994 by Home Study, Inc. dba American Schools
TABLE OF CONTENTS
Chapter
I: Real Estate
Educational
Objectives: Learn about Real Property, Personal Property, Mobile Homes, Separate or Concurrent
Ownership (Types of Tenancies).
Educational
Objectives:
Learn about Description by Metes & Bounds, Description by Section and Township, Assessor's Maps, Titles
and Estates, Priorities in Recording,
Assuring Marketability of Title (Abstract of Title,
Title Insurance), Mechanic's Lien, Attachments and Judgments, Easements, Restrictions,
Encroachments, Homestead.
Chapter
III: Agency and Ethics
Educational Objectives: Learn about Types of
Agency, New Agency Disclosure Requirements,
Ethical Considerations (Commissioner's Regulation
2785), Easton Case.
Chapter IV: Contracts
Educational
Objectives:
Learn about Essential Elements of a Contract, Statute of Frauds, Interpretation,
Performance and Discharge
of Contracts, Statute of Limitations, Real Estate Contracts, Listings Defined, The
Purchase Contract and Deposit Receipt.
Educational
Objectives:
Learn about The Primary and Secondary Market, Financial Reports,
Promissory Notes, Types of Mortgages, Trust Deeds and Mortgages, Effects of Security,
Lender's Judicial and Non-judicial Foreclosure,
Non-mortgage Financing, Equal Credit Opportunity Act, Fair Credit Reporting Act, Truth in Lending.
.
Educational
Objectives: Learn about Private
Mortgage Insurance, Government
Mortgage Insurance, FHA, FHA Insurance, Section
203(b), Graduated Payment
Mortgage, VA, CAL-VET.
Educational Objectives: Learn about Architectural and Economic
Aspects, Methods and Valuation Principles, Methods of Site Valuation, Sales Comparison, Cost Approach, Income Capitalization Approach.
Chapter
IX: Real Property Acquisition and Transfer of Rights
Educational
Objectives:
Learn about Types of Transfer, Principal
Instruments of Transfer, Types of Deeds, RESPA, Trust Funds,
Escrows.
Chapter
X: Property Management
Educational
Objectives:
Learn about Leases and leasing, Americans with Disabilities Act, Risk
Management.
Educational
Objectives:
Learn about Subdivision Map Act, Planning and Zoning, Environmental Impact Report, Superfund, National
Environmental Policy Act, Clean Air Act, Solid Waste Disposal Act, Federal Water Pollution Act, Coastal Zone Management Act, Earthquake danger disclosure requirement, Interstate Land Sales Full Disclosure Act.
Educational Objectives: Learn about Real and Personal Property Taxes, Tax Planning, Income Taxation, Tax Free Exchanges, Low-income housing credit, Relief for discharge of business real estate debt, How real estate persons may avoid passive loss treatment
Educational
Objectives:
Learn about FEDERAL FAIR HOUSING
LAWS, Civil Rights Act of 1866, Civil Rights Act of 1968 Title VIII-Fair
Housing: 42 USC 3604, Supreme Court
Decision: Jones v. Mayer, Blockbusting,
Redlining, Fair
Housing Amendments of 1988, AMERICANS WITH
DISABILITIES ACT, CALIFORNIA
NONDISCRIMINATION LAWS, Age
Discrimination, Senior
Citizen Housing, VOLUNTARY AFFIRMATIVE MARKETING
AGREEMENT (VAMA), THE NATIONAL REALTORS®
AGREEMENT, AIDS DISCRIMINATION, DISCRIMINATION AGAINST BLIND PERSONS.
Chapter
XIV: Real Estate Macroeconomics
Educational
Objectives:
REAL ESTATE IN THE NATIONAL ECONOMY,
Impact of Government, Fiscal Policy, Equal
Credit, Type of Inflations, Cost-push
Inflation, Demand-pull Inflation, Monetary Inflation, Real-cost Inflation, THE MONEY MARKET, Factors Which Determine
Interest Rates and Availability Of Funds, Interest Rates, PRIVATE LENDERS, Commercial Banks,
Insurance Companies, Mortgage Companies, Mutual Savings Banks, Real Estate
Investment Trusts (REIT), GOVERNMENT
LOAN GUARANTIES, FHA, VA, FNMA, GNMA, FHLMC, FmHA, FHLBB, Mortgage Pools.
Chapter XV: Legal
Requirements of Employment in Real Estate
Educational Objectives: Learn about GOVERNMENT REGULATION IN BROKERAGE TRANSACTIONS,
Real Estate Act Brief History, Real Estate Advisory Commission, REAL ESTATE LICENSING GENERAL REQUIREMENTS, ORIGINAL REAL ESTATE BROKER LICENSE, CORPORATE REAL ESTATE LICENSES, ORIGINAL SALESPERSON LICENSE, CONTINUING EDUCATION, VIOLATIONS OF REAL ESTATE LAW AND PENAL CODE, The Real Estate Recovery Fund, MINERAL, OIL AND GAS BROKERAGE, BUSINESS OPPORTUNITIES, Franchises,
EXAMPLES OF POSSIBLE REAL ESTATE LAW VIOLATIONS.
Educational
Objectives:
Learn about Appointment and qualifications, Requirements for qualifying and time
limit, Notary public bonds, Geographic jurisdictions, Notaries may not
refuse services, Notary seal, Notarial records, JURAT, Notarization of incomplete
documents, Certified copies, Common
questions and answers
Chapter XVII: Real Estate Salesmanship
Educational Objectives: Learn about REAL ESTATE
CAREER BUILDING, Personal Promotion, Target
Marketing, Nine Types of Promotional Literature and Their Uses, THE ACTUAL REAL ESTATE SALES PROCESS,
Closing, The art of negotiation.
Chapter
XVIII: TRUST FUNDS
Educational Objectives: TRUST FUNDS - GENERAL
INFORMATION; ADVANCE FEE TRUST FUNDS;
TRUST FUND BANK ACCOUNTS; ACCOUNTING RECORDS; RECONCILIATION OF ACCOUNTING RECORDS; DOCUMENTATION REQUIREMENTS; AUDITS AND
EXAMINATIONS; CONSEQUENCES OF TRUST FUNDS
CONVERSION: - LOSS OF LICENSE; - RECEIVERSHIP; - CIVIL LIABILITY; - TAX LIABILITY;
- CRIMINAL SANCTIONS.