California Real Estate Continuing Education Trust Funds

Trust Funds

15.00 15.00
$15.00
PRICE PER USER
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  • Course Delivery: On Demand
  • Credit Hours: 3
  • Credit Type: Trust Funds

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Description

General Information Page

Trust Funds

This course is sponsored by 360training.com, Inc.
(CalBRE Sponsor ID#4350)
6801 N Capital of Texas Hwy, Suite 150, Austin, TX 78731
(888) 360-8764

When a student selects a course from the online course catalog, the following information is presented to them in a pop-up window.

This course is approved for continuing education credit by the California Bureau of Real Estate. However, this approval does not constitute an endorsement of the views or opinions which are expressed by the course sponsor, instructor, authors, or lecturers.

Text Book Information:

Title: Trust Funds
Author: 360training.com, Inc.
Copyright Date: 3/24/2017
Pages: 54
Edition: 1.0

Course Description: Real estate licensees routinely receive personal checks, cash, and other items of value from the public in the normal course of doing business. They receive these items, which are referred to as trust funds, on behalf of others. The licensee owes a fiduciary duty to handle, control, and account for trust funds properly. This course covers broad issues on standards, regulations and forms related to Trust Funds. Further, it puts more emphasis on the legal requirements for receiving and handling trust funds in real estate transactions.

Cost: $15

Hours of Continuing Education Credit: 3 hours

Method of Presentation: This course is delivered entirely through the internet, including the final exam. No printed materials are provided.

Course Offering Category: Trust Fund Handling

Course Completion Time Limits: You have 12 months from date of purchase to complete this course.

Refund Policy:
All tuition and fees paid for the course are due and refundable when: (a) the course of instruction is discontinued by the school, preventing a student from completing the course; OR (b) the enrollment of student was procured because of any misrepresentation in advertising, promotion materials of the school, or representation made by an owner or employee of the school. All refunds will be completed within 30 days after the effective date of enrollment termination.

Validation Requirements:
Our authentication system incorporates a mechanism for preventing fraud by ensuring that the student registered for the course is engaged in the course material. During course enrollment, students create a personal registration profile by entering personal information on a secure page so that the provider may process certification. The required information may include driver's license number, address, and form of payment. During registration, the system also prompts the user for additional personal validation information used during the course: "How many doors does your vehicle have?" / "How did you renew your driver's license last?" / etc.

Randomly, the user is prompted with a personal validation question at several points during the course; these questions are based on the answers provided by the student during registration. Additionally, the questions are timed and must be answered correctly for the trainee to proceed with the course. If the question supplied is incorrect, the course is suspended and the trainee is prompted to call the provider to explain why they failed validation. Their information is verified by a trainer who can then remotely unlock the course to allow the student to proceed with the coursework. If this personal information is not verified, the provider will suspend the student from any further access, refund any tuition payments collected and take the appropriate administrative enforcement actions. This validation sequence is enforced randomly on multiple occasions upon entering, taking and exiting the course.

Testing Requirements:
At the end of each lesson there will be a short quiz of 10 multiple choice questions. You must pass this quiz with a 70% or better to move forward with the course. The quiz will be automatically graded as you complete it. Failure to pass the quiz with 70% will result in repeating the lesson.

Final Examination Rules:
For the final exam, the student will have 15 minutes to complete the closed-book exam. The final exam consists of fifteen (15) multiple choice questions. The student will need to score 70% or better to pass the exam. The student will be given 1 minutes per question to answer the questions during the final exam. The student will not be able to print or download the exam. After the 15 minutes, have passed the student will automatically be logged out of the final.

Please note that the student will have (2) chances to take the final exam.

CalBRE Regulation 3007.3(c) will only allow students to take exams for a maximum of 15 approved credit hours in any 24-hours period.

Online Evaluation Statement:
A course and instructor evaluation is available on the California Bureau of Real Estate (CalBRE) website at www.calbre.ca.gov. Access this form by typing in "RE 318A" in the search box located in the upper right corner of the home page.

Course Provider Complaint Statement:
A course provider complaint form is available on the California Bureau of Real Estate (CalBRE) website at www.calbre.ca.gov. Access this form by typing in "RE 340" in the search box located in the upper right corner of the home page. An informational form regarding course provider complaints, "RE 340A" is also available.

 

Course Objectives

Upon completion of this course, the student will be able to:

- Be familiar with the basic concepts of asset management
- Be familiar with the common decisions faced by an asset manager
- Know what a Real Estate Investment Trust (REIT) is and the benefits of investing in one
- Understand the risks and rewards associated with real estate investment
- Know how to conduct a useful market study
- Understand how interest rates affect the real estate market
- Be able to calculate the depreciation of residential and commercial real property held for business or investment
- Be familiar with the financial ratio methods of valuation, including Price to Earnings Ratios and Cap Rates
- Know how to create a pro forma projection for a real estate investment alternative
- Know the basics of a Discounted Cash Flow (DCF) analysis
- Know how to use the Net Present Value (NPV) and Internal Rate of Return (IRR) to compare the values of several alternatives
- Be familiar with distressed properties and how to handle them
- Know the important factors to consider when refinancing
- Be able to apply these concepts in the real world

 

Regulatory Information

Trust Funds - California Bureau of Real Estate (CalBRE)

  • Name:
  • California Bureau of Real Estate (CalBRE)
  • Phone:
  • 877-373-4542
  • Fax:
  • Website URL:
  • http://www.calbre.ca.gov/
  • Email Address:
  • Address:
  • 1651 Exposition Blvd
  • City:
  • Sacramento
  • State:
  • CA
  • Zip:
  • 95815
 

End of Course Instructions

A certificate of completion will be available upon completing the course and after passing the final exam. To print your Certificate of Completion please go to the "My Courses" section of your profile, and from the "Show" drop-down list select "Completed Courses". Once selected, please click on the "Print Certificate" icon in blue to print your Certificate of Completion.

Please feel free to contact our customer support at (877) 881-2235 if you need further assistance.

 

Quiz Information

At the end of each lesson there will be a short quiz of 10 multiple choice questions. You must pass this quiz with a 70% or better to move forward with the course. The quiz will be automatically graded as you complete it. Failure to pass the quiz with 70% will result in repeating the lesson.

 

Exams

For the final exam, the student will have 15 minutes to complete the closed-book exam. The final exam consists of fifteen (15) multiple choice questions. The student will need to score 70% or better to pass the exam. The student will be given 1 minutes per question to answer the questions during the final exam. The student will not be able to print or download the exam. After the 15 minutes, have passed the student will automatically be logged out of the final.

Please note that the student will have (2) chances to take the final exam.

CalBRE Regulation 3007.3(c) will only allow students to take exams for a maximum of 15 approved credit hours in any 24-hours period.

 

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

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