Real Estate Principles
REL: Real Estate and Loan School
Office: (408) 264-1761
Understand California real estate law as preparation for the salesman and broker examinations. (45 hours)
Required Text and Material:
Table of Contents:
|Chap 1||Career in Real Estate||Quiz #1||3|
|Chap 2||Introduction to Real Estate||Quiz #2||3|
|Chap 3||Real Estate Agency||Quiz #3||3|
|Chap 4||Real Estate Disclosures||Quiz #4||3|
|Chap 5||Real Estate Contracts||Quiz #5||3|
(Part 1) Legal Descriptions Methods of Acquiring Title
(Part 2) Methods of Holding Title
|Chap 7||Encumbrances||Quiz #7||3|
|Chap 8||Real Estate Finance||Quiz #8||3|
(Part 1) Real Estate Lenders
(Part 2) FHA, VA, Cal-Vet
|Chap 10||Real Estate Appraisal||Quiz #10||3|
|Chap 11||Role of Title Insurance Companies||Quiz #11||3|
|Chap 12||Landlord and Tenant Relations||Quiz #12||3|
|Chap 13||Land-Planning, Subdivision, Fair Housing||Quiz #13||3|
|Chap 14||Introduction to Taxation||Quiz #14||3|
|Chap 15||Single Family Homes and Mobile Homes||Quiz #15||3|
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.
The Department of Real Estate 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 certificate.
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 the student is not completely satisfied with the course, s/he can simply return all the materials in its original, new condition to REL within 10 calendar days from the date of enrollment and receive a refund, less a one-time set-up fee of $75. All cancellation must be made in person or by certified mail. Cancellation will not be accepted on the 11th calendar day from the date of the enrollment.
A course and instructor evaluation is available on the Department of Real Estate 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.
Department of Real Estate Sponsor ID S0408
Course Provider Complaint Statement: A course provider complaint form is available on the Department of Real Estate website at www.dre.ca.gov. Access this form by typing RE 340A in the search box.
Department of Real Estate Disclaimer Statement:
This course is approved for pre-license education credit by the 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.
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, the Department of Real Estate 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