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California Real Estate Principles

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Normally, this is the first course students will take to help them prepare for further studies in real estate. This is a fundamental real estate course covering the basic laws and principles of California real estate, and provides an understanding, background, and the terminology necessary for advanced study in specialized real estate courses. This course is required by the California Department of Real Estate prior to taking the Real Estate Salesperson's examination.

Normally, this is the first course students will take to help them prepare for further studies in real estate. This is a fundamental real estate course covering the basic laws and principles of California real estate, and provides an understanding, background, and the terminology necessary for advanced study in specialized real estate courses. This course is required by the California Department of Real Estate prior to taking the Real Estate Salesperson's examination.
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Location:

United States

Description:

Normally, this is the first course students will take to help them prepare for further studies in real estate. This is a fundamental real estate course covering the basic laws and principles of California real estate, and provides an understanding, background, and the terminology necessary for advanced study in specialized real estate courses. This course is required by the California Department of Real Estate prior to taking the Real Estate Salesperson's examination.

Language:

English


Episodes

Show 01

1/1/2010
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This was the first show for the class and provided an overview of the course.

Duration:00:58:48

Show 03

1/1/2010
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This show completed the discussion of the three basic types of legal descriptions. The class discussion then moved on to an overview of estates, transfers and titles.

Duration:00:58:56

Show 02

1/1/2010
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This show provided a brief overview of real estate and included and overview of the California Department of Real Estate, real property vs. personal property and the three basic types of legal descriptions.

Duration:00:59:11

Show 04

1/1/2010
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This show continued the discussion of estates, transfers, and titles. Seven of the basic ways to transfer title were covered including a discussion of the differences between a Grant Deed and Quitclaim deed. Also, there was an extensive discussion of the different ways to hold title to real property.

Duration:00:58:50

Show 05

1/1/2010
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This show provided an overview of Landlord and Tenant and discussed different types of leases and rental agreements. Also, there was a detailed discussion of the different parts of the lease/rental agreement which emphasized the importance of real estate professionals knowing the complete details of the entire agreement.

Duration:00:59:00

Show 06

1/1/2010
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This show continued the discussion of Landlord and Tenant and covered the Tenant Rental Application and different ways a rental contract can be terminated. Also, there was a detailed discussion of the different parts of the Property Management Agreement which emphasized the importance of real estate professionals knowing the complete details of the entire agreement.

Duration:00:58:48

Show 07

1/1/2010
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This show provided an overview of both money type encumbrances i.e. mortgages, mechanic's liens, taxes, etc. and physical encumbrances i.e. easements, building restrictions, encroachments, etc.

Duration:00:58:55

Show 08

1/1/2010
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This show continued the discussion of both money type encumbrances i.e. mortgages, mechanic's liens, taxes, etc. and physical encumbrances i.e. easements, building restrictions, encroachments, etc.

Duration:00:58:52

Show 09

1/1/2010
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This show provided an overview of the requirements for obtaining a real estate salespersons or brokers license. Topics such as the difference between the 18 month conditional and four year renewable license were discussed.

Duration:00:58:48

Show 10

1/1/2010
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This show continued the discussion of the requirements of obtaining a real estate salespersons or brokers license and moved into the topic continuing education. There was a discussion about that agents and brokers can sell businesses as part of their practice. There was also a detailed discussion of the California Department of Real Estate web site and how to use the site to find out information about applying and scheduling your real estate exam. Finally, there was a demonstration of the...

Duration:00:58:53

Show 11

1/1/2010
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This show provided an overview of Agency and Its Responsibility. There was a detailed discussion of agent, principal, and third party in a real estate transaction. Also, there was a discussion of the different types of listings and a detailed explanation of the actual listing agreement.

Duration:00:58:46

Show 12

1/1/2010
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This show provided a review of the first portion of the course to help students to prepare for the first midterm exam. Topic discussed were Introduction to Real Estate, Estates, Transfers and Titles, Landlord and Tenant, Encumbrances and Licensing, Education and Association.

Duration:00:58:21

Show 13

1/1/2010
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This show continued the discussion of Agency and Its Responsibility. The responsibilities of seller and agent regarding the Real Estate Transfer Disclosure Statement were discussed. The importance of the Independent Contractor Agreement and making sure that the agent reads and understands the agreement was discussed. Also, there was a demonstration of a company web site called CyberView 360 which provides virtual tours of real estate property listings. CyberView 360 is a local company...

Duration:00:58:51

Show 14

1/1/2010
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This show provided an overview of the different types contracts used in real estate and the importance knowing the details of each contract. The elements of a contract such as capacity, mutual consent, legality, consideration, and proper writing of the contract. Also, there was a brief overview of the Statute of Frauds.

Duration:00:58:45

Show 15

1/1/2010
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This show continued the discussion of the Statute of Frauds. Eight different ways to discharge a contract were reviewed. Also, remedies for a breach of a contract. There was also a detailed discussion of the "Residential Purchase Agreement and Joint Escrow Instructions". Finally, there was a discussion of Purchase Agreement Addendums, Counter Offers, Seller Disclosures and Option agreements.

Duration:00:58:41

Show 16

1/1/2010
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This show provided an overview of Escrow and Title Insurance. The sequence of steps in an escrow and who pays for the escrow and title fees. Finally, there was a detailed explanation of the Buyer and Seller Settlement Statement.

Duration:00:58:46

Show 17

1/1/2010
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This show continued the discussion Escrow and Title Insurance and stressed the importance of the real estate agent being present at the closing escrow appointment. There was a detailed discussion of the Preliminary Title Report and the Statement of Information. Also, there was a brief discussion to CLTA and ALTA title insurance policies. Finally, there was a discussion of the Real Estate Settlement Procedures Act (RESPA).

Duration:00:58:46

Show 18

1/1/2010
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This show provided an overview of Real Estate Finance and discussed different types of promissory notes and other types of financial terms. Also, there was a detailed discussion of the different types of clauses used in financial instruments.

Duration:00:58:47

Show 19

1/1/2010
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This show continued a discussion of real estate financing programs. The show began with a discussion of interest only loans, loans with balloon payments, fully amortized loans and adjustable rate loans. Also, there was a discussion of mortgages and deeds of trust which serve as security instruments of real estate loans.

Duration:00:58:34

Show 20

1/1/2010
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This show provided an overview of Real Estate Financial Institutions and discussed economic cycles, The Federal Reserve and how it controls the money supply and how interest rates affect property values. Also, there was a discussion of shopping for a loan and the steps required for a consumer to obtain a real estate loan. Finally, the Real Estate Settlement Procedures Act (RESPA) and credit scoring were discussed.

Duration:00:59:07