Real Estate Finance is designed to explore the alternatives in financing through use of a combination of theory and current practices related to real estate. The loan process is discussed in practical terms from application to closing, including explanations of default and foreclosure. The latest information has been included on FHA, DVA and Cal-Vet loans. Details on the National Housing Acts, Regulation Z and other important laws as they impact the financial market are provided. This course satisfies 39 hours of Consumer Protection for license renewal.
No other subject is as important to both the real estate practitioner and layman alike as real estate law. Methods of property ownership, elements of contracts, marketability of title, complications of easements, types of encumbrances, essentials of a valid escrow, landlord/tenant law, effects of taxation and assessments, and agency relationships are but a few of the subjects covered in depth. This course satisfies 39 hours of Consumer Protection for license renewal.
Agency discusses the legal relationship whereby a principal appoints an agent to act on his/her behalf. You will learn agents have broad or limited power, how agencies are created, full disclosure, fiduciary responsibility, due care and loyalty. Also covered are implied power and express authority. This course satisfies the 3-hour continuing education requirement for "Agency."
Laws set the minimum standard of acceptable human behavior. Ethics go far beyond the law and determine not if an action is legal but whether it is right or just. Ethics, in fact, precede the law; actions that formerly were legal but unethical are not often illegal. Court decisions have been applying the precepts of ethics to activities of real estate and determining that legal duties exist where no duties formerly were recognized. This course satisfies the 3-hour continuing education requirement for "Ethics."
Fair Housing covers the laws concerning discrimination such as California Fair Housing Laws, Fair Employment and Housing Act, Unruh Civil Rights Act, California Business and Professions Code, California Real Estate Commissioners Regulations, Americans with Disabilities Act and any laws, statutes or regulations related to fair housing. This course satisfies the 3-hour continuing education requirements for "Fair Housing."
The three-hour Risk Management course should provide the student with knowledge of the principles, practices, and procedures calculated to avoid errors and omissions in the practice of real estate licensed activities, and the ability to recognize and resolve issues and appropriately handle situations that most frequently result in litigation.
Risk Management can be applied to a wide range of functions and activities including negligence, negligent misrepresentation, intentional misrepresentation, fraud, constructive fraud, breach of fiduciary duty, breach of contract, violation of Business & Professional Code Section 17200 et.seq., breach of duties pursuant to Civil Code Sections 1102 and 2079, etc.
The purpose of the course is to help you identify trust funds and understand the requirements for receiving and handling them in compliance with Real Estate Law and the Regulations of the Commissioner. This course satisfies the 3-hour continuing education requirement for "Trust Funds."
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