SHORT INTRODUCTION TO CALIFORNIA REAL ESTATE PRINCIPLES, 

ONLINE TEXT

1994 by Home Study, Inc. dba American Schools

To call a topic in any chapter click on it. To return to the Table of Contents use the link at the top of any left-handside page!


Click on link to go to:
Table of Contents; Chapter I: Real Property; Chapter II: Legal Ownership; Chapter III: Agency & Ethics; Chapter IV: Contracts; Chapter V: Real Estate Mathematics; Chapter VI: Financing; Chapter VII: Mortgage Insurance; Chapter VIII: Appraisal; Chapter IX: Transfers of Real Estate; Chapter X: Property Management; Chapter XI: Land Control; Chapter XII: Taxation; Chapter XIII: Fair Housing Laws; Chapter XIV: Macroeconomics; Chapter XV: Legal Professional Requirements; Chapter XVI: Notarial Law; Chapter XVII: Selling Real Estate; Chapter XVIII: Trust Funds Handling; Glossary; Index.

TABLE OF CONTENTS

 

Chapter I: Real Estate

 

This text may be consulted online.

Educational Objectives: Learn about Real Property, Personal Property, Mobile Homes, Separate or Concurrent Ownership (Types of Tenancies).

 

Chapter II: Legal Ownership

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.

 

Chapter V: Real Estate Mathematics

Educational Objectives: Learn about Interest Computation and Tables, Three-Variable Formulas, Prorations.

 

Chapter VI: Financing the Real Estate Transaction

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.

.

Chapter VII: Mortgage Insurance

 

Educational Objectives: Learn about Private Mortgage Insurance, Government Mortgage Insurance, FHA, FHA Insurance, Section 203(b), Graduated Payment Mortgage, VA, CAL-VET.

Chapter VIII: Appraisal

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

 

Chapter XI: Land Control By Government

 

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.

Chapter XII: Taxation and Assessments

 

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

Chapter XIII: Fair Housing

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.

 

Chapter XVI: Notarial Law

 

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.