In the next two screens, you'll read the objectives of this course and the outcomes you can expect once you have successfully completed the course.

OBJECTIVES AND OUTCOMES: Upon completion of this course, you should understand:

1. The California Department of Real Estate, including its responsibilities and authority in governing the real estate profession in the State of California.
2. The issues concerning obtaining a real estate license, including applications, qualifications, various types of licenses, and educational requirements.
3. How a license can and cannot be used, the rules and regulations concerning real estate offices, advertising, listing property, delivery of offers to and from consumers, and the role of clerical personnel in a real estate office.
4. The Federal Fair Housing Act, the California fair housing laws, and the NAR Professional Code of Ethics, and why each of these is vital to a California real estate licensee's career.
5. The real estate salesperson's and his broker's obligations concerning trust funds and earnest monies deposited with real estate firms.
6. The facts regarding disclosure of commissions earned to all parties in a transaction.
7. The importance of proper escrow handling, and how the regulations vary between Northern and Southern California.
8. The purpose of California's Real Estate General Fund and the Real Estate Recovery Fund.
9. Mandated disclosures to real estate clients and consumers in California.
10. Ownership of land and property in California, and how ownership is held and transferred.
11. Real estate taxes and special assessments.
12. Leasehold and freehold estates and interests.
13. Encumbrances, liens, easements and encroachments.
14. Mortgage loans and trust deeds.