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Reference Book - A Real Estate Guide
Copyright 2010 by the California Department of Real Estate
* Please note, format and page
numbers differ from the printed version.
The printed version will be available for purchase after January 5, 2011.
To purchase a copy, submit a
Publications Request (RE 350).
The chapters of the Reference Book below are in PDF format
.
You will need Adobe Acrobat Reader to view them.
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Introduction
Cover, Preface, Location of Department of Real
Estate Offices, Past Real Estate Commissioners, A Word of Caution
Chapter 1 - The California Department
of Real Estate
Government Regulation of Brokerage Transactions, Original Real Estate Broker
License, Corporate Real Estate License, Original Salesperson License, License Renewals -
Brokers and Salespersons, Other License Information, Continuing Education, Miscellaneous
Information, Prepaid Residential Listing Service License, Enforcement of Real Estate Law,
Discrimination, Notice of Discriminatory Restrictions, Subdivisions, Department Publications,
Recovery Account
Chapter 2 - The Real Estate
License Examinations
Scope of Examination, Preparing for an Exam, Exam Construction, Examination
Weighting, Exam Outline, Exam Rules - Exam Subversion, Materials, Question Construction,
Multiple Choice Exam, Q and A Analysis, Sample Multiple Choice Items
Chapter 3 - Trade and Professional
Associations
Real Estate Associations and Boards, Related Associations, Ethics
Chapter 4 - Property
Historical Derivations, The Modern View, Personal Property, Fixtures, Legal
Difference Between Real and Personal Property, Land Descriptions, Other Description Methods
Chapter 5 - Title to Real
Property
California Adopts a Recording System, Ownership of Real Property, Separate
Ownership, Concurrent Ownership, Tenancy in Partnership, Encumbrances, Mechanic's Liens,
Design Professional's Lien, Attachments and Judgments, Easements, Restrictions, Encroachments,
Homestead Exemption, Assuring Marketability of Title
Chapter 6 - Transfer of Interests
in Real Property
Contracts in General, Essential Elements of a Contract, Statute of Frauds, Interpretation,
Performance and Discharge of Contracts, Real Estate Contracts, Acquisition and Transfer of Real
Estate
Chapter 7 - Principal Instruments
of Transfer
A Backward Look, the Pattern Today, Deeds in General, Types of Deeds
Chapter 8 - Escrow
Definition, Essential Elements, Escrow Holder, Instructions, Complete Escrow,
General Escrow Principles, General Escrow Procedures, Proration, Termination, Cancellation of
Escrow - Cancellation of Purchase Contract, Who May Act As Escrow Agent, Audit, Prohibited Conduct,
Relationship of Real Estate Broker and the Escrow Holder, Designating the Escrow Holder, Developer
Controlled Escrows - Prohibition
Chapter 9 - Landlord and Tenant
Types of Leasehold Estates, Dual Legal Nature of Lease, Verbal and Written Agreements,
Lease Ingredients, Contract and Conveyance Issues, Rights and Obligations of Parties to a Lease,
Condemnation of Leased Property, Notice Upon Tenant Default, Non-Waivable Tenant Rights, Remedies
of Landlord, Disclosures by Owner or Rental Agent to Tenant
Chapter 10 - Agency
Introduction, Creation of Agency Relationships, Authority of Agent, Duties Owed to
Principals, Duties Owed to Third Parties, Rights of Agent, Termination of Agency, Special Brokerage
Relationships, Licensee Acting for Own Account, Unlawful Employment and Compensation, Broker-Salesperson
Relationship, Conclusion
Chapter 11 - Impact of the Penal Code and
Other Statutes
Penal Code, Unlawful Practice of Law, Business and Professions Code, Civil Code,
Corporations Code
Chapter 12 - Real Estate Finance
Background, The Economy, The Mortgage Market, Overview of the Loan Process, Details of
the Loan Process, Federal and State Disclosure and Notice of Rights, Promissory Notes, Trust Deeds and
Mortgages, Junior Trust Deeds and Mortgages, Other Types of Mortgage and Trust Deed Loans, Alternative
Financing, Effects of Security, Due on Sale, Lender's Remedy in Case of Default, Basic Interest Rate
Mathematics, The Tools of Analysis
Chapter 13 - Non-Mortgage Alternatives To
Real Estate Financing
Syndicate Equity Financing, Commercial Loan, Bonds or Stocks, Long-Term Lease, Exchange,
Sale-Leaseback, Sales Contract (Land Contract), Security Agreements (Personal Property)
Chapter 14 - Real Estate Syndicates and
Investment Trusts
Real Estate Syndication, Real Estate Investment Trusts
Chapter 15 - Appraisal and Valuation
Theoretical Concepts of Value and Definitions, Principles of Valuation, Basic Valuation
Definitions, Forces Influencing Value, Economic Trends Affecting Real Estate Value, Site Analysis and
Valuation, Architectural Styles and Functional Utility, The Appraisal Process and Methods, Methods of
Appraising Properties, The Sales Comparison Approach, Cost Approach, Depreciation, Income (Capitalization)
Approach, Income Approach Process, Income Approach Applied, Residual Techniques, Yield Capitalization
Analysis, Gross Rent Multiplier, Summary, Appraisal of Manufactured Homes (Mobilehomes), Evaluating the
Single Family Residence and Small Multi-Family Dwellings, Typical Outline for Writing the Single Family
Residence Narrative Appraisal Report, Conclusion, Additional Practice Problems, The Office of Real Estate
Appraisers (OREA)
Chapter 16 - Taxation and Assessments
Property Taxes, Taxation of Mobilehomes, Special Assessments, Certain Assessment Statutes,
Federal Taxes, Documentary Transfer Tax, State Taxes, Miscellaneous Taxes, Acquisition of Real Property,
Income Taxation
Chapter 17 - Subdivisions and Other Public
Controls
Basic Subdivision Laws, Subdivision Definitions, Functions in Land Subdivision, Compliance
and Governmental Consultation, Types of Subdivisions, Compliance With Subdivided Lands Law, Handling of
Purchasers' Deposit Money, Covenants, Conditions and Restrictions, Additional Provisions, Grounds For
Denial of Public Report, Subdivision Map Act, Preliminary Planning Considerations, Basic Steps in Final Map
Preparation and Approval, Types of Maps, Tentative Map Preparation, Tentative Map Filing, Final Map, Parcel
Map, Other Public Controls, Health and Sanitation, Eminent Domain, Water Conservation and Flood Control,
Interstate Land Sales Full Disclosure Act
Chapter 18 - Planning, Zoning, and
Redevelopment
The Need For Planning, General Plans, Redevelopment
Chapter 19 - Brokerage
Brokerage as a Part of the Real Estate Business, Other Specialists, Operations, Office
Size - Management, Office Size, Career Building, The Broker and the New Salesperson, Specialization,
A Broker's Related Pursuits, Professionalism, Mobilehome Sales
Chapter 20 - Contract Provisions and
Disclosures in a Residential Real Estate Transaction
A Basic Transaction, A Basic Listing, Purchase Contract/Receipt of Deposit, Disclosures
Chapter 21 - Trust Funds
General Information, Trust Fund Bank Accounts, Accounting Records, Other Accounting
Systems and Records, Recording Process, Reconciliation of Accounting Records, Documentation Requirements,
Additional Documentation Requirements, Audits and Examinations, Sample Transactions, Questions and Answers
Regarding Trust Fund Requirements and Record Keeping, Summary, Exhibits
Chapter 22 - Property Management
Professional Organization, Property Managers and Professional Designations, Functions of a
Property Manager, Specific Duties of the Property Manager, Earnings, Accounting Records For Property Management
Chapter 23 - Developers of Land and Buildings
Subdividing, Developer-Builder, Home Construction
Chapter 24 - Business Opportunities
Definition, Agency, Small Businesses and the Small Business Administration, Form of Business
Organization, Form of Sale, Why an Escrow?, Buyer's Evaluation, Motives of Buyers and Sellers, Counseling the
Buyer, Satisfying Government Agencies, Listings, Preparing the Listing, Establishing Value, Valuation Methods,
Lease, Goodwill, Fictitious Business Name, Franchising, Bulk Sales and the Uniform Commercial Code, California
Sales and Use Tax Provisions, Alcoholic Beverage Control Act
Chapter 25 - Mineral, Oil and Gas Brokerage
History, Mineral, Oil and Gas Brokerage, 1994 - No Separate License Requirements



