California Real Estate Pre-License Courses Real Estate Principles

Real Estate Principles

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$80.00
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  • Course Delivery: On Demand
  • Credit Hours: 45
  • Credit Type: Pre-License
 

Description

GENERAL INFORMATION PAGE FOR HOME-STUDY

STATUTORY COURSES

360training.com, Inc.
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COURSE TITLE: Real Estate Principles

AUTHOR: This course is authored by the instructional design staff and contracting subject matter experts of 360training.com.

PUBLISHER: This course is published by 360training.com, Inc.

EDITION: This is the first PDF edition of the Real Estate Principles published by 360training.com, Inc.

COST: $80 for ordering a single course.

COURSE DESCRIPTION: This comprehensive real estate Prelicense course begins with an overview of the California real estate market and the characteristics of land, real estate, real property, and personal property, as well as property ownership, estates in land, and ownership transfer. We explore agency relationships, fiduciary duties, listing agreements, real estate contracts, and leasing. Escrow, deed, title, and real estate financing are also discussed.

This course then examines real estate appraisals, real estate markets, value principles, land use controls, environmental issues, and property taxation. A module covering California real estate license law is also included. The closing module demonstrates how to perform common real estate calculations.

The course includes information obtained from the California Department of Real Estate, California Association of REALTORS® which is where the forms were obtained; the National Association of REALTORS® and information was obtained on the CalVet program from the California Department of Veterans Affairs. We have used the content references from websites including www.dre.ca.gov; www.car.org; www.nar.realtor; www.calvet.ca.gov and others.

DELIVERY METHOD: The correspondence course includes downloadable PDF course materials and the exam will be administered online. Students will be expected to read each lesson and complete the accompanying exercises and the final exam.

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 temporarily 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.

Correspondence Course Identification Statement:
Participants shall present one of the following forms of identification immediately before the administration of the final examination:
A. A current California driver's license.
B. A current identification card described in Section 13000 of the California Vehicle Code
C. Any identification of the participant issued by a governmental agency or a recognized real estate related trade organization within the immediately preceding five years which bears a photograph, signature and identification number of the participant.

COURSE CONTENT / TIME LIMITS: This home-study course consists of spending a minimum of 45 hours reading and studying the course material, taking the lesson/module quizzes, and passing a final examination. The final examination can be taken a minimum of 18 days from the date the student has had access to the course materials. No two courses can be completed in less than five weeks. Students must spend a minimum of 2.5 weeks studying each course. The maximum time students have complete a course is one year from the date of registration. If students fail the final examination, they can take an alternate final examination one time. However, students must wait a minimum of another 18 days studying the course materials before they can re-take the final examination. If students fail the final examination two times, they will need to re-enroll in the course and pay the enrollment fee.

FINAL EXAMINATION: The proctored final exam is closed-book and consists of 100 multiple choice questions. Students are allowed 1 hour and 40 minutes to complete the final exam, and need to score a minimum of 70% to pass. Students will take the final exam on the internet and will be issued a unique username and password. Internet final exams can not be printed or downloaded and the exam will automatically time-out at 1 hour and 40 minutes (or 100 minutes). Under no circumstances shall the final exam be furnished directly to the students.

COURSE COMPLETION CERTIFICATES / RECORDS: Course completion certificates will be issued immediately upon passing the final examination (to be printed by the student). Records of course completion certificates will be maintained indefinitely to allow students to receive a duplicate certificate if needed.

PROBLEMS / COMPLAINTS: Persons seeking to resolve problems or complaints should contact 360training.com, Inc. at the address or telephone number above or visit the http://www.360training.com/support page.

A course provider complaint form is available on the California Department of Real Estate (DRE) website at www.dre.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.

EVALUATION: A course and instructor evaluation is available on the California Department of Real Estate (DRE) website at www.dre.ca.gov. Access this form by typing in "RE 318A" in the search box located in the upper right corner of the home page.

DISCLOSURE STATEMENT: Private providers of pre-license statutory real estate courses must obtain course approval from the California Department of Real Estate (DRE). As part of the approval process, the DRE reviews the course materials only. The DRE does not qualify the school or course provider. In addition, there is no regulatory oversight of private pre-license course providers who offer courses or programs costing $500 or less. For courses or programs over $500, qualification by the Bureau for Private Postsecondary and Vocational Education is required, in addition to DRE course approval. As a result, if a course provider offering a course costing $500 or less fails to deliver the educational course/program as represented, a student's monetary remedy is to seek redress in Small Claims Court. Students are cautioned to fully understand the education course/program offered by the provider before enrolling or registering. A list of pre-license statutory courses approved by the DRE can be found on the DRE Web site at www.dre.ca.gov under DRE Records.

DRE DISCLAIMER STATEMENT: This course is approved for pre-license education credit by the California Department of Real Estate. However, this approval does not constitute an endorsement of the views or opinions which are expressed by the course sponsor, instructors, authors, or lecturers.

PLEASE BE ADVISED: The California Department of Real Estate (DRE) encourages salesperson and broker exam applicants to mark the "Self Schedule" box on the Salesperson Exam Application (RE 400A), Broker Exam Application (RE 400B), Salesperson Combination Exam/License (RE 435), or Broker Combination Exam/License (RE 436) when submitting these document to the Department. This "Self Schedule" option allows for the Department to notify an applicant when his or her application has been fully qualified and is ready to be self scheduled for an exam date using our eLicensing system on our website, www.dre.ca.gov. The eLicensing system provides greater flexibility when choosing exam dates, offers same day scheduling provided that space is available, and allows the applicant to print a barcoded exam schedule and admittance notice.

 

Course Objectives

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

  • Describe the difference between land, real estate, and real property.
  • Recognize the difference between real property and personal property.
  • Outline the basic features of the metes and bounds survey method.
  • Identify and summarize the different estates in land
  • Discuss the various types of alienation
  • Differentiate between title and deed
  • Describe encumbrances, encroachments, and easements
  • Recall types of liens
  • Describe real estate agency relationships
  • Recognize the fiduciary duties the agent owes to the client
  • Describe the different types of listings
  • List the required elements of a valid contract
  • Summarize the contract classifications
  • List the common terms and conditions found in sales contracts
  • Summarize the types of leasehold estates
  • Explain eviction processes
  • List the provisions commonly found in lease agreements
  • Identify the duties of landlords and tenants under the Uniform Residential Landlord and Tenant Act
  • Describe the types of leases used
  • Describe escrow accounts and what they contain
  • Identify the documents that make up a property's title history
  • Describe the elements and processes involved in title searches and title insurance
  • Describe promissory notes
  • Define amortization
  • Discuss loan payments
  • Explain how simple interest and amortization work
  • Summarize different types of loans
  • Discuss the economic indicators and market characteristics of the residential real estate market
  • Explain how lenders qualify a borrower for a real estate loan
  • Identify and explain the fundamental concepts and terminology used in real estate valuation and appraisal.
  • Recognize the valuation principles used in real estate appraisal.
  • Apply value theories to arrive at purchase prices of real estate.
  • Discuss the purpose for planning and zoning.
  • Describe the types of zones that might be established by local ordinances
  • Explain the purpose of the federal fair housing laws and identify the protected classes covered by the Fair Housing Act.
  • Name the seven activities considered illegal under the fair housing laws.
  • Identify taxing entities
  • Describe ad valorem taxation
  • Summarize the major provisions of CA license law
  • Use equations to calculate interest.
  • Explain amortization.
  • Apply the principles of prorating
 

Regulatory Information

Real Estate Principles - California Department of Real Estate (DRE)

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

Subject Matter Expert

All course material updated and maintained by 360training.com.

 

End of Course Instructions

Course completion certificates will be issued immediately upon passing the final examination (to be printed by the student).

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

This course includes lesson quizzes and you will be required to pass the lesson quizzes with 70% score.

 

Exams

There will be a proctored final exam at that end of course. The exam is open-book and consists of 100 multiple choice questions. Students are allowed 1 hour and 40 minutes to complete the final exam, and need to score a minimum of 60% to pass. If students fail the final examination, they can take an alternate final examination one time. However, students must wait a minimum of another 18 days studying the course materials before they can re-take the final examination.

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