Property Management
Overview of Property Management- Property Management and Real Estate Markets Money and Property Management-T he Real Estate Investor-Income Property Valuation and Financial Analysis-T he Owner’s Objectives for Project Management- Residential Marketing and Management- On-Site Personal and Operations. Non-Residential Property Management-Management of Homeowner’s Associations-Other Residential Property Management-Maintenance and Repairs-The Management Office- Property Management Legal & Insurance Aspects-Property Management in Review.
RE: Practice
Trust account management – Fair Housing laws – Truth in Advertising – record keeping requirements – Agent Supervision – Permitted activities of unlicensed assistants – General Ethics – Transfer Disclosure Statement – Material facts affecting property value – Licensing, continuing education requirements and procedures – Need for inspection and obtaining/verifying information
RE: Economics
Economic Principles and Cycles—Economic Theories and Measurements—Money and Financing—Cities: Their Origins and Growth—The Suburbs and Beyond—Government Regulations and Taxes—Housing—Nontraditional Housing—Farms and Land—Nonresidential Real Estate—Planning and Land Control Use—The Economics of Development—Economic Decision Making and Fair Housing
Escrows
History of Escrow-Basic Escrow Processes-Taking an Escrow/Escrow Instructions- Escrow check list-Title reports-Basic items of the Transaction-Completing the escrow order-Balancing the accounts-Settlement sheets-Real Property exchanges-Note and Trust deed escrows-Laws, Regulations, and the Sale of Business-
Mortgage Loan Brokering
Scope of Mortgage Loan Brokering-The California Department of Real Estate-Department of Corporations Licensing-Mortgage Loan Activities-Exemptions from Licensing Requirements-Supervising and Licensing Compliance-Agency-Disclosures in Mortgage Loan transactions-Fair Lending Practices-Trust Fund Handling-Hard Money Maker and Arrangers-Securities in the lending industry-Third Party Originators-Mortgage Banking
Real Estate Principles
Introduction to Real Estate – Estates, Transfers, and Titles – Encumbrances – Agency and Its Responsibilities – Contracts – Landlord and Tenant – Escrows and Title Insurance – Real Estate Finance – Financial Institutions – Appraisal Basics – Appraisal Methods – Subdivisions and Government Control – Taxation of Real Estate – Licensing, Education, and Associations – Real Estate Math -
RE: Appraisal
Understanding Value – The Appraisal Process – Property Description and Appraisal Math – Data Collection and Analysis – Site Valuation – Residential Construction – Cost Approach to Value – Sales Comparison Approach to Value – Income Approach to Value – Reconciliation and Final Value Estimate – The Appraisal Report – Appraising Special Interests – The Appraisal Profession – Financial Institutions and Regulators
RE: Finance
Part I-Introduction to Real Estate Finance- Then and Now: A Short History of Finance- Real Estate Cycle and the Secondary Market – Sources of Funds: The Primary Market – Part II-Lending Rules –The Secondary Market and Federal Credit Agencies – Federal Regulation and Consumer Protection – State Regulation on Lending – Part III – How the Loan Process Works – Finance Instruments – Overview of the Loan Process – Conventional Financing – Part VI- Other Types of Financing – Alternative Financing- Government Programs: FHA and VA Loans- Seller Financing – Part V- Qualifying by the Numbers – Qualifying The Borrower – Qualifying The Property – Real estate Finance Mathematics- Part VI- Appendix (State-Specific Concepts) – State Sponsored Home Loan Programs- Cal-Vet Loans (California Example) – Escrow Procedures
Legal Aspects
An Introduction to Law – Nature of Real Property – Interests in Real property – Co-Ownership of Real Property – Introduction to Agency Law – Agency Duties and Liabilities – Contract Law – Real Estate Contracts – Alternatives to Litigation – Title and Alienation – Escrow and Closing – Real Estate Financing – Land Use Controls – Civil Rights and Fair Housing – Landlord/Tenant Law –
Business Law
Introduction to Law-Ethics and Business-Alternative Dispute Resolution-Court Systems and Court Procedure-Torts: Intentional, Negligent and Strict Liability-Business Torts-Contracts, Concepts, Terms and the Agreement-Capacity and Consideration-Unlawful Agreements and the Statute of Frauds-Did the Parties Consent?-Contract Performance, Interpretation, and Third Parties-Contract Discharge and Remedies for Breach-Sales Law: Formation, Performance and Title-Sales Law: Risk of Loss and Warranties-Agency
Common Interest Developments
Introduction to Common Interest Developments: The Purchase and Sale-Homeowner (Community) Association Management-The Board of Directors-Association Meetings-Homeowner (Community) Association Restrictions: Part 1-Homeowner (Community) Association Restrictions: Part 2-Enforcement of Covenants and Restrictions-Inspection Rights and Changing Governing Documents-Financial Management of an HOA-Assessments By the Association-Agency, Contracting With Others, and Discrimination-Sales and Leases, Fair Housing, and Insurance-Over-the-Air Reception Devices Rule-Law and the Courts-Alternative Dispute Resolution (ADR) 533
Computer Applications in Real Estate
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Computer Hardware-Internet Communications Applications 33-Software Applications, Suites, and Windows-Web Searches and the Department of Real Estate-Bookmarks, Favorites, and Associations-Time Management and the Real Estate Assistant-Real Estate Contacts: More Than an Address Book-Office Peripherals-Marketing, Advertising, and Presentations-Credit, Title, and Escrow Company Operations-Real Estate Loans and Lenders-Property Management (and Commercial, Industrial Real Estate) 369-Appraisal and the Office of Real Estate Appraisal (OREA)-Taxation, Regulation, and Disclosures-Real Estate Investments and Construction-Trust Fund Accounting