California Real Estate Principles

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

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.

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.

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.

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.

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.

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.

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.

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.

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 Sacramento Association of Realtors and California Association of Realtors web sites.

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.

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.

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 serving Sacramento, El Dorado and Placer counties.

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.

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.

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.

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).

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.

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.

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.

This show continued a discussion of Real Estate Financial Institutions. The show opened with a discussion of the Uniform Residential Loan Application and the types of financial information required on the form. Next, there was a discussion of the different types of lenders and the roles they play in the mortgage market. Finally, lending corporations and the secondary mortgage market were covered.

This show provided an overview of the basic concepts of Real Estate Appraisal and discussed issues like the structure of the appraisal process, gathering the necessary data and factors that influence a property appraisal value. Also, there was a discussion of different types of property lots affect the property's value.

This show continued with the discussion of the basic concepts of Real Estate Appraisal and different types of property lots and how the shape, location, and design affect the property's value. Next, there was a discussion of why real estate professional need to know the structural components of a home. Finally, there was a discussion of The Basic Appraisal Principles e.g. supply and demand, change, conformity, etc. and how these economic concepts affect a property’s value.

This show provided an overview of the three approaches i.e. market, cost, and income to real estate appraisal. There was a detailed discussion of the market and cost approach methods used in real estate appraisal. Also, there was a demonstration of the Marshall & Swift cost estimating web site.

This show continued the discussion of the income approach to real estate appraisal. Also, there was a review of the educational and experience requirements for obtaining a real estate appraisal license.

This show began with a discussion of Subdivision and Government Control. Topics covered included police power, Subdivision Map Act, Subdivided Lands Act, Public Reports and Common Interest Developments.

This show continued the discussion of Subdivision and Government Control. Topics covered included environmental laws, planning commission, Master General Plan, zoning, variance, conditional use permit, and fair housing laws.

This show began with a discussion of Taxation of Real Estate. Topics covered Property Taxes, Documentary Transfer Tax and Special Assessments.

This show continued the discussion of Taxation of Real Estate. Topics covered included Property Tax Sales, Gift and Estate Taxes and Federal Taxes on the operation and sale of both personal and income producing investment properties.

This show began with a discussion of Real Estate Math and the need for real estate agents to really know how to quickly and accurately calculate financial and physical measurements for their clients. There was also an emphasis on how important it is to easily convey this information to their clients so they can better make financial decisions. Topics covered included area measurement, percentage problems, Huber’s Pyramid and principle and interest calculations.

This show continued the discussion of Real Estate Math and worked thru a series of different types of math problems that students may encounter both on the Department of Real Estate Examination and in daily real estate practice.

This shows guest was Leigh Rutledge who is the President of the Sacramento Association of Realtors (SAR) for 2006. During the show, Leigh discussed her real estate career, her duties as President of (SAR) and the functions of the California Association of Realtors and the National Association of Realtors. Also, she discussed what her recommendations were for buyers and sellers in today’s real estate market.