Real Estate Practice
GENERAL INFORMATION: REAL ESTATE PRACTICE (POLICIES AND PROCEDURES)
This course provides you with specific laws, regulations, and requirements to assist you in bettering your practice. Emphasis on day-to-day practical knowledge needed by persons engaged in real estate business; procedures, forms, contracts, licensing laws; State of California Code of Professional Responsibility; and NAR Code of Ethics. (45 hours)
Required Text and Material:
|Chap 1||Starting your real estate career||Quiz #1||3|
|Chap 2||Choosing the right broker||Quiz #2||3|
|Chap 3||Ethics, Fair Housing, and RESPA||Quiz #3||3|
|Chap 4||Disclosures||Quiz #4||3|
|Chap 5||Lead Generation or Prospecting for clients||Quiz #5||3|
|Chap 6||Working with buyers||Quiz #6||3|
|Chap 7||Real Estate Financing||Quiz #7||3|
|Chap 8||Writing effective purchase contracts||Quiz #8||3|
|Chap 9||Preparing for the listing appointment||Quiz #9||3|
|Chap 10||The listing presentation||Quiz #10||3|
|Chap 11||Servicing the listing||Quiz #11||3|
|Chap 12||Escrow and title insurance||Quiz #12||3|
|Chap 13||The life of an escrow||Quiz #13||3|
|Chap 14||Real estate taxation issues||Quiz #14||3|
|Chap 15||Advertising and marketing||Quiz #15||2|
|Chap 16||Alternative real estate careers||Quiz #16||1|
Open Book, 2-1/2 hours, 100 multiple choice questions. 60% or better passing score. Students will take the final exam with a proctor. Students may contact REL, Real Estate and Loan School and request a convenient location, date, and time for the final exam and the student may also suggest the proctor or entity to administer the final exam. The exam administrator cannot be related by blood, marriage, domestic partnership, or any other relationship to the student which would influence them from properly administering the exam. The exam administrator will be given a Test Administrator Instructions to complete, sign, and return to REL either by mail, fax, or in person.
Bureau of Real Estate (BRE) allows this course to be completed in a MINIMUM time of 2-1/2 weeks (18 calendar days) from your date of enrollment.
Re-Take the Final Exam
If you fail the course final examination, you must re-register for the course and the 2-1/2 week minimum completion time limit would again apply. There will be a charge of $25.00 for re-registration and to have your final exam mailed.
REL will maintain records sufficient to issue a duplicate completion certificate upon request. If you are going to take more than one course from REL, we will furnish one course completion certificate at the conclusion of your last course, showing all courses completed. If you request or require a copy of your certificate at a later date, there will be an additional charge of $20.00 per additional certificates
Should you not be able to complete this course within one (1) year of the date of enrollment, (for any reason, no exceptions) there is a one-time re-enrollment of $100 for a 3-month extension.
CANCELLATION AND REFUND POLICY
If you are not completely satisfied with the course, simply return all materials unused to REL within 10 calendar days from the date of enrollment and receive a full refund less a non-refundable one-time set up fee of $100 (1-pack); $150 (2-pack); $220 (3-pack) plus a processing fee. If the materials returned are used, an additional fee will be deducted. No refund if a Final Exam has been requested. All cancellation must be made in person or by certified mail. The postmark will determine the validity of your request. Cancellation will not be accepted on the 11th calendar day from the date of enrollment; thus, there is no refund.
All textbooks must be returned to the school, IN GOOD AND USABLE CONDITION*, at the time of request for cancellation. If you do not return the material supplied by the school at that time, the school may keep an amount out of what you paid that equals the price of the textbooks and workbooks for the course. The school will refund any amount over that as provided above.
*Good and usable condition means that the textbook is unmarked and undamaged by shipping. It shall be the responsibility of the student to package and ship the course material in such a manner as to assure compliance.
Special Note: The above refund policy does not include textbooks that are no longer current. This means that if the book has changed, it will be considered when calculating your refund. Textbooks are subject to change without notice.
A course and instructor evaluation is available on the California Bureau of Real Estate (CalBRE) website at www.dre.ca.gov. Access this form by typing in RE318A in the search box located in the upper right corner of the home page.
CalBRE Sponsor ID S0408
This course is approved by California Department of Real Estate and California Bureau of Real Estate.
CalBRE Disclaimer Statement:
This course is approved for pre-license 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, instructors, authors, or lecturers.
Preparing for the State Exam:
Here are some tips to preparing for the State exam are as follows:
What to do after Passing the State Exam:
When you have passed the State exam, BRE will be mailing you a packet with forms and instructions to complete.
- Salesperson License Application (RE202)
- Live Scan Service Request (RE237) (fingerprinting)
- Proof of Legal Presence
Mandatory Courses and Electives:
Effective October 1, 2007, a person must complete three (3) real estate classes before applying for the real estate salesperson exam. Exempt from this requirement are attorneys and persons qualified to take the broker exam. A new legislation is to be approved in which a broker must have at least 2 years supervised experience before applying for the broker license. The other courses besides Principles are as follows:
Real Estate Principles (mandatory)
Real Estate Practice (mandatory)
Real Estate Finance
Real Estate Appraisal
Real Estate Economics
Legal Aspects of Real Estate
Real Estate Office Administration
Common Interest Development
Computer Application and Real Estate