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VIRTUAL CRASH COURSE OUTLINE
Chapter  1 - Regulation of Real Estate Licensees:                                                      
  • Department of Real Estate
  • Real Estate Commissioner
  • Real Estate Advisory  Commission
  • Real Estate Activities Requiring or Exempt From Licensing
  • Activities Requiring a License
  • Persons or Activities Exempt from Licensing
  • License Qualifications
  • Broker and Salesperson Real Estate Licenses
  • Continuing Education
  • Types of Licenses
  • Real Estate Broker
  • Real Estate Salesperson
  • Prepaid Rental Listing Service
  • Restricted, Suspended, Revoked, or Cancelled Licenses
  • Changes and Transfers
  • Main Office Address or Name Change
  • Transfer of Salesperson’s License
  • Discharge of a Salesperson
  • Death of a Broker
  • Advance Fees
  • Real Estate Law Enforcement
  • Investigations and Hearings
  • Types of Violations
  • Other Penalty Sections
  • Real Estate Funds
  • Education and Research Fund
  • Real Estate Recovery Account
  • Trade and Professional Associations
  • Trust Fund Records
  • Definition of Trust Funds
  • Handling of Funds
  • Trust Account Withdrawals
  • Trust Fund Records
  • Transaction in Trust Deeds and Real Property Sales Contracts
  • Notes Secured by Trust Deeds
  • Mortgage Loan Brokers Law
Chapter 2 - Real Property and Its Ownership:                                                    
  • Real Property
  • Land
  • Anything Affixed to the Land
  • That Which is Appurtenant to the Land
  • Estates
  • Freehold Estate
  • Ownership of Real Property
  • Separate Ownership
  • Concurrent or Co-Ownership
Chapter  3 - Acquisition and Transfer of Real Property:                                                
  • Acquisition and Transfer
  • Will
  • Succession
  • Accession
  • Occupancy
  • Transfer
  • Deeds in General
  • Definitions
  • Essential Elements to a Valid Deed
  • Non-Essential Elements to a Valid Deed
  • Invalid Deeds
  • Delivery and Acceptance
  • Types of Deeds
  • The Recording System
  • Acknowledgement
  • Recording
Chapter  4 - Land-Use Controls:                                                                    
  • Encumbrances
  • Liens
  • Specific, General, Voluntary and Involuntary Liens
  • Mechanic’s Liens
  • Attachments, Judgments and Lis Pendens
  • Non-Money Encumbrances
  • Easements
  • Restrictions
  • Encroachments
  • Public Land-Use Controls
  • Zoning Laws
  • Zoning and Use Variances
  • Housing and Construction
  • Statutory Laws
  • The Subdivision Map Act
  • Definition
  • Map Preparation and Filing Procedures
  • California Subdivided Lands Law
  • Definition Administration
  • Types of Subdivisions
Chapter  5 - Laws of Agency and Real Estate Contracts:                                                
  • Law of Agency
  • Agency
  • Creation of Agency Relationship
  • The Agents Authority
  • Duties and Liabilities of the Agent Toward Third Parties
  • Duties of the Principal to the Agent
  • Termination of Agency
  • Agency Relationship Disclosures
  • Contracts in General
  • Classification
  • Essential Elements of all Contracts
  • Contracts Which Must be in Writing
  • Interpretation, Performance and Discharge of Contracts
  • Breach of Contract
  • Real Estate Contracts
  • Purchase Contract and Receipt for Deposit
  • Option
Chapter  6 - Valuation and Market Analysis:                                            
  • Appraisers and Reports
  • Appraisal Licensing and Certification
  • Types of Appraisal Reports
  • Classification of Value
  • Elements Needed to Create Value “Dust”
  • Four Great Forces Influencing on Real Estate Value
  • Economic Principles of Value
  • Principles Which Relate to Marketability
  • Principles of Real Estate Productivity
  • Highest and Best Use Analysis
  • Legally Non-Conforming Use
  • The Appraisal Process
  • Site Analysis and Valuation
  • Legal Factors Involving the Site
  • Physical Factors Involving the Site
  • Methods of Site Valuation
  • Guideline to Determine Value on Commercial Property
  • Sales Comparison Approach
  • Cost Approach
  • Income Approach-Gross Rent Multiplier Method
  • Income Approach-Capitalization Net Income Method
  • Construction Terms
Chapter  7 - Real Estate Practice & Mandated Disclosures:                                                              
  • Transfers of Residential Real Property
  • Real Estate Transfer Disclosure Statement
  • Structural Pest Control Certification Report
  • Energy Conservative Retrofit
  • Alquist-Priolo Earthquake Fault Zone
  • Earthquake Safety
  • Environmental Hazards
  • Condominium/PUD Disclosures
  • Important Disclosures
  • Other Disclosures Required of Real Estate Agents
  • Truth in Lending Act
  • RESPA
  • Equal Credit Opportunity Act
  • Housing Financial Discrimination Act of 1977
  • The Interstate Land Sales Full Disclosure Act
Chapter  8 - Financing:                                                                        
  • Federal Reserve System
  • Mortgage and Mortgage Cost
  • Limits of Interest Rates
  • Deregulation
  • Primary Mortgage Market
  • Institutional Lenders
  • Non-Institutional Lenders
  • Secondary Mortgage Market
  • Government Agency Participation
  • Miscellaneous Information Regarding Financial Markets
  • Real Estate Loans
  • Common Terms Used in Loans
  • FHA Loans
  • DVA Loans
  • Veterans Farm and Home Purchase Act of 1974
  • Construction Financing
  • Principal Instruments
  • Obligation
  • Conflict in Terms Between Note and Trust Deed
  • Common Types of Note
  • Negotiable Instrument
  • Trust Deeds and Mortgages
Chapter  9 - Taxation:                                                                
  • Real Property Taxes
  • Procedure in Assessing
  • Tax Calendar
  • Redemption and Tax Sale of Real Property
  • Property Tax Postponement
  • Special Assessments
  • Special Assessments v. Property Taxes
  • Types of Special Assessments
  • California Sales and Use Tax Laws
  • Sales Tax
  • Sales and Use Tax Provisions on the Sale of a Business
  • Federal Income Taxation
  • Personal Tax Rates
  • Types of Gain
  • Reporting Deductible Items on a Tax Return
  • Tax Benefits of Home Ownership
  • IRC 1031 Exchanges
  • Tax Considerations for Investors
Chapter 10 - Closing the Transaction:                                                        
  • Title Insurance
  • History
  • Types of Policies
  • Preliminary Title Report
  • Escrow
  • A Valid Escrow Requires
  • Disputes
  • Agent
  • Prorations
  • Land Description
  • There are Three Methods
Chapter 11 - Business Aspects of Real Estate:                                                    
  • Business Aspects
  • Setting Up the Office
  • Determining Profitability
  • Business Opportunity
  • Transfer of Ownership
  • Bulk Sales Transfer
  • Financing Documents Used to Create a Security Interest in Personal Property
  • Franchising
  • Who May Sell Non-Exempt Franchises
  • Sale and Distribution of Alcoholic Beverages
  • Who is Eligible for a License
  • Real Estate Syndication
  • Limited Partnership
  • Real Estate Investment Trust
  • Regular Corporation
  • S Corporations
  • Regulation of Real Estate Syndicates
  • Fair Housing Laws
  • State Laws
  • Federal Laws