LEGAL ASPECTS OF REAL ESTATE

AGENT COLLEGE

45 hours

COURSE DESCRIPTION

Our approach to California Real Estate Law not only makes an excellent beginning Real Estate course, but also an essential review and reference book for buyers, sellers, and their agents. Our primary purpose is to provide the most current and comprehensive information to real estate brokers and salespersons, and to help students planning to take the California Real Estate Salesperson's or Broker's License Examinations.

PREREQUISITES: None

TYPE OF COURSE:
The course is a home study course in book format taken at the student's convenience. Tests and quizzes are done online. The course is available 24 hours a day, seven days per week.

COURSE OUTLINE:

CALIFORNIA REAL ESTATE LAW

Chapter 1: An Introduction to Law

• Law and the Real Estate Profession
• The Nature and Functions of Law
• Historical Background
• Legal Categories and Concepts
• Sources of Law
• The Judicial System
• Civil Lawsuit
• Chapter Summary
• Terminology

Chapter 2: Nature of Real Property

• Land Description
• Attachments
• Appurtenances
• Chapter Summary
• Terminology
  

Chapter 3: Interests in Real Property

• Possessory Interests (Estates)
• Nonpossessory Interests
• Chapter Summary
• Terminology
  

Chapter 4: Co-Ownership of Real Property

• Forms of Co-Ownership
• Ownership by Associations
• Common Interest Developments
• Chapter Summary
• Terminology

Chapter 5: Introduction to Agency Law

• Agency
• How and Agency is Created
• REal Estate Agency Relationships
• Terminating an Agency
• The California Real Estate Law
• Commissions
• Chapter Summary
• Terminology

Chapter 6: Agency Duties and Liabilities

• Agency Disclosure
• Agent's Duties to the Principal
• Agents's Duties to Third Parties
• Penalties for Breach of agent's Duty
• Broker's Agency and Statutory
• Chapter Summary
• Terminology

Chapter 7: Contract Law

• Contract Classifications
• Contract Formation
  
• Performance and Breach of Contract
• Remedies for Breach of Contract
• Chapter Summary
• Terminology

Chapter 8: Real Estate Contracts

• Broker/Salesperson Employment
• Listing Agreement
• The Deposit Receipt
• Counter Offers and the Deposit Receipt
• Megan's Law Disclosure
• Options
• Natural Hazard Disclosure Statement
• Chapter Summary
• Terminology

Chapter 9: Alternatives to Litigation

• Alternate Dispute Resolution (ADR)
• Negotiation
• Mediation (A Neutral Third Party)
• Arbitration
• Resolving Disputes Concerning a Real Estate License
• Chapter Summary
• Terminology

Chapter 10: Title and Alienation

• Voluntary Alienation
• Involuntary Alienation
• Recording
• Title Insurance
• Chapter Summary
• Terminology

Chapter 11: Escrow and Closing

• Preparing for Closing
• Escrow
• Termination of Escrow
• When Title Passes
• Real Estate Settlement Procedures Act (RESPA)
• Settlement Statements
• Chapter Summary
• Terminology

Chapter 12: Real Estate Financing

• Promissory Notes
• Security Agreements
• Common Optional Loan Terms
• Foreclosure
• Real Property Sales Contracts
• Lending Disclosure Laws
• Agricultural Security Interests
• Chapter Summary
• Terminology

Chapter 13: Land Use Controls

• Public Restrictions
• Private Restrictions
• Chapter Summary
• Terminology

Chapter 14: Civil Rights and Fair Housing

• Historical Background
• Federal Legislation
• California Legislation
• Case Examples of Discrimination
• Extent of Liability for Discrimination
• Chapter Summary
• Terminology

Chapter 15: Landlord/Tenant Law

• Leases
• Rights and Duties of Landlord
• Termination of a Lease
• Mobile Home Residency Law
• Rent Control
• Unlawful Detainer Assistants
• Property Management
• Chapter Summary
• Terminology

Glossary

Index

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