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Washington Real Estate Prelicense Course WA Real Estate Fundamentals

WA Real Estate Fundamentals

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  • Course Delivery: On Demand
  • Credit Hours: 60
  • Language: English
  • Credit Type: Real Estate Fundamentals
  • Difficulty: Beginner

Chat Live | Contact Us | Toll Free: (888) 360-8764

 

Description

This prelicense course begins by introducing the student to various types of real estate careers, activities, companies, and governmental agencies that regulate the industry. Then the course explores property rights, forms of ownership, property restrictions, and zoning. Students will learn the mathematical calculations and formulas commonly used in the real estate industry. The course provides an overview of agency relationships, contract law, property transfers, listing agreements, and deeds as well as environmental issues that licensees may encounter. The general prelicense section ends with an exploration of loans and the loan process, leasing, appraisal methods, and fair housing laws. The license law portion examines the laws and rules governing the licensing and conduct of real estate professionals, as well as the role, structure, responsibilities, and duties of the Real Estate Commission. Students explore the real estate related activities that require a license, as well as the requirements for obtaining and renewing various real estate licenses. Licensee duties, agency relationships, unprofessional conduct, trust accounts, disclosures, and record retention are also discussed.

 

Course Objectives

Upon completion of this course, the student will be able to:
- Learn the mathematical calculations and formulas commonly used in the real estate industry.
- Get an overview of agency relationships, contract law, property transfers, listing agreements, and deeds as well as environmental issues that licensees may encounte
- Examine the laws and rules governing the licensing and conduct of real estate professionals, as well as the role, structure, responsibilities, and duties of the Real Estate Commission.
- Explore the real estate related activities that require a license, as well as the requirements for obtaining and renewing various real estate licenses.

 

Topics Covered

This course covers the following topics:
Real Estate as a Career
Real Property Rights
Characteristics of Real Property
Land Use
Fixtures
Land, Tenements, Hereditaments, and Estates
Life Estates
Life Tenants and Nonfreehold Estates
Concurrent Ownership
Condominiums and Cooperatives
Time Shares and Business Organization Ownership
Easements and Liens
Restrictions and Covenants
Zoning
Real Estate Ownership: A Summary
Real Estate Math: Formulas
Real Estate Math: Prorations
Real Estate Math: Survey Systems
Agency and Brokerage Relationships
Brokerage
Dual Agency
Listing Agreements
Legal Descriptions
Basic Contract Law
Types of Contracts
Avoiding Fraud and Void
Termination of Contracts
Sale Contracts
The Selling Process
Deeds: Part 1
Deeds: Part 2
Title Insurance
Environmental Issues
Asbestos and Formaldehyde
Real Estate Financing Practices
Types of Mortgages
Mortgage Bankers
FHA and VA Programs
Veterans' Administration Loans
The Loan Process
Lending Regulations
Principals of Lending
Real Estate Valuation
Comparative Market Analysis
Highest and Best Use
Appraisal Steps
The Net Income Approach
The Cost Approach
Escrow and Settlement Process
Closing Basics
Basics of Leasing
Lease Contracts
Property Management
WA Residential Landlord Tenant Act, Part 1
WA Residential Landlord Tenant Act, Part 2
Real Estate License Law
Duties and Responsibilities
Brokerage Service Requirements – Transactions and Recordkeeping
Required Records
Trust Account Procedures
Agency Relationships and Duties
Property Disclosures
Fair Housing Laws and Protected Classes
Americans with Disabilities Act
History of Fair Housing in America
Fair Housing: Law of the Land
Fair Housing Rules

 

Regulatory Information

WA Real Estate Fundamentals - Washington Department of Licensing

  • Name:
  • Washington Department of Licensing
  • Phone:
  • 360-664-6488
  • Fax:
  • 360-586-0998
  • Website URL:
  • http://www.dol.wa.gov/business/realestate/
  • Email Address:
  • [email protected]
  • Address:
  • 2000 Fourth Avenue West
  • City:
  • Olympia
  • State:
  • WA
  • Zip:
  • 98502
 

Prerequisites

n/a

 

End of Course Instructions

You have successfully completed your Pre-License course. Congratulations!

Your certificate is available for download from your Course Roster. Please Print this for your records.

Your certified application for the Real Estate Salesperson's Exam is included in the handbook that will be mailed to you by 360training. When you receive it, please accurately fill out the application. To qualify for the exam you must submit the application as described in the handbook.

For questions regarding your application or accreditation, please contact 360training. The contact information can also be found on the Help page.

360training Support
1(800) 442-1149
[email protected]
Be sure to check out our new line of professional development courses available at AgentCampus.com!

 

Quiz Information

70% on quizzes

 

Exams

70% on final

 

Got questions? Contact us below or call 877-881-2235

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10 Real Reviews From Actual Learners

Hassan From Seattle, WA Took WA Real Estate Fundamentals, And Said:

thank you

Posted 3 months ago
Colleen From Portland, OR Took WA Real Estate Fundamentals, And Said:

the chat support answered quickly.

Posted 3 months ago
Blanca From Des moines, WA Took WA Real Estate Fundamentals, And Said:

Great Assistance and customer service. course well explain

Posted 3 months ago
Mike From bellevue, WA Took WA Real Estate Fundamentals, And Said:

loved it.. easy to follow..

Posted 4 months ago
Anna From Federal Way, WA Took WA Real Estate Fundamentals, And Said:

there was one occasion where it made me take the test again, even though i made like a 90%. otherwise great!

Posted 4 months ago
Valerie From Lakebay, WA Took WA Real Estate Fundamentals, And Said:

I thought it was very good. My only criticism was questions being asked before they were in the study materials

Posted 4 months ago
Greg From Tacoma, WA Took WA Real Estate Fundamentals, And Said:

Great program and easy to access.

Posted 7 months ago
James From Seattle, WA Took WA Real Estate Fundamentals, And Said:

Easy to use.

Posted 7 months ago
Jessica From Buckley, WA Took WA Real Estate Fundamentals, And Said:

Very convenient to do online and at your own pace and they help you during the lesson assessments if you get a question wrong which was very helpful for me.

Posted 10 months ago
Kimberlie From Bremerton, WA Took WA Real Estate Fundamentals, And Said:

VERY EASY TO USE AND UNDERSTAND. 360 TRAINING SUPPORT IS AWESOME! THANK YOU!!!

Posted 10 months ago