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Test Number : CA-Real-Estate
Test Name : California Real Estate test
Vendor Name : Real-Estate
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CA-Real-Estate test Format | CA-Real-Estate Course Contents | CA-Real-Estate Course Outline | CA-Real-Estate test Syllabus | CA-Real-Estate test Objectives


Appropriate knowledge of the English language, including reading, writing, and spelling; and of arithmetical computations common to real estate and business opportunity practices.
An understanding of the principles of real estate and business opportunity conveyancing; the general purposes and general legal effect of agency contracts, deposit receipts, deeds, deeds of trust, chattel mortgages, bills of sale, mortgages, land contracts of sale, and leases; and of the principles of business, land economics and appraisals.
A general and fair understanding of the obligations between principal and agent; the principles of real estate and business opportunity transactions, and the code of business ethics pertaining thereto; as well as of the provisions of the law relating to real estate as administered by the Real Estate Commissioner.

- Classes of Property
- Property Characteristics
- Encumbrances
- Types of Ownership
- Descriptions of Property
- Government Rights in Land
- Public Controls
- Environmental Hazards and Regulations
- Private Controls
- Water Rights
- Special Categories of Land

- Law, Definition and Nature of Agency Relationships, Types of Agencies, and Agents
- Creation of Agency and Agency Agreements
- Responsibilities of Agent to Seller/Buyer as Principal
- Disclosure of Agency
- Disclosure of Acting as Principal or Other Interest
- Termination of Agency
- Commission and Fees
- Responsibilities of Agent to Non-Client Third Parties

- Value
- Methods of Estimating Value
- Financial Analysis

- General Concepts
- Types of Loans
- Sources of Financing
- Government Programs
- Mortgages/Deeds of Trust/Notes
- Financing/Credit Laws
- Loan Brokerage
- Types of Loan Originators

- Title Insurance
- Deeds
- Escrow
- Tax Aspects
- Special Processes
- Transfer through Court Supervision
- Types of Vesting

- Trust Account Management
- Fair Housing Laws
- Truth in Advertising
- Record Keeping Requirements
- Agency Supervision
- Permitted Activities of Unlicensed Sales Assistants
- DRE Jurisdiction and Disciplinary Actions
- Licensing, and Continuing Education Requirements and Procedures
- California Real Estate Recovery Fund
- General Ethics
- Technology
- Property Management
- Commercial/Industrial/Income Properties
- Specialty Areas
- Transfer Disclosure Statement
- Natural Hazard Disclosure Statements
- Disclosure of Material Facts Affecting Property Value
- Need for Inspection and Obtaining/Verifying Information
- Reports
- Servicing Diverse Populations

- General
- Listing Agreements
- Buyer Broker Agreements
- Offers/Purchase Contracts
- Agreements
- Promissory Notes/Securities
- Purchase/Lease Options
- Advanced Fee



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Real-Estate California PDF Questions

What happens When Your real estate agreement Expires? | CA-Real-Estate Cheatsheet and Latest Topics

in case your home has been on the market for a long time and also you haven't been in a position to promote it, you are certain to birth checking your bureaucracy to see when your contract along with your real estate agent is up. and also you're likely additionally questioning just what occurs when your precise property settlement does, in fact, expire.

right here's the deal—and the way to handle the condition once a real property listing and contract have reached their end.

What occurs when a real estate listing expires?

First, let's discuss what it ability to have an expired list.

in case you sign a contract with a true estate agent to promote your domestic as for sale, that contract will include an expiration date—continually one it truly is three to 6 months in the future. if you hit the conclusion of that point frame, the real property agreement has expired, and your listing should be faraway from the varied listing carrier—also referred to as the MLS—and platforms like realtor.com®. And that skill patrons can't buy it off these structures, both.

"'Expired' capability your house is off the market," explains Mary Beth sales, a true property agent in Beverly Hills, CA.

but it truly is not all: An expired real estate agreement also capacity you might be now not tied to your real estate agent. it really is because the period of time you agreed to checklist the condominium as "for sale" is also the length of time you agreed to have a selected real estate agent signify you. The agent has that time duration to pull out all the stops and take a look at to find a purchaser, incomes her fee and promoting your domestic.

but as soon as the listing has expired, this "means that your house is unrepresented and free game for other agents to contact you," income says.

What occurs when a real property contract expires?

once that real estate agreement has expired, it's time for you to make some tough decisions. Do you want to pull your condominium off the market, or retain trying to sell it? if you still are looking to sell, do you wish to continue working together with your agent, or do you need to find somebody new?

take into account that an expired true property settlement is not always a sign you need to hearth your agent, says Karen Wisne, an agent with Century 21 Joe Walker & Assoc. in Westerville, OH.

"Switching brokers or agencies might also no longer provide the magic bullet that produces a purchaser," Wisne says. "speak along with your real property agent about why the house hasn't bought and what your expectations are."

It can be that your domestic turned into priced too high, or possibly you need to usher in a stager to more suitable existing the home to competencies consumers. You might also need to make some minor home improvements or increase your curb enchantment to make the apartment more desirable.

___

Watch: sold a home? don't omit These Tax Deductions

___

when you hearth your precise estate agent?

What in case you do want to fire your agent and find someone new? there are times this is the way to go, income says, mainly if you understand your agent didn't do a fine job of assisting present your home in the best possible light. after all, or not it's an agent's job to paved the way on a sale, no longer the customer's.

"in case you and your agent have had again-and-forth debates about a way to price your home, and if your agent listened to you, it may be time to let a further agent represent you," earnings says. "The most useful brokers received’t let consumers dictate how to cost a home. if your home’s expiration is because of the your agent giving in to your calls for, it’s time to get a new agent."

how to end a contract with a true property agent

In familiar, you are going to be capable of walk away scot-free from an expired real property contract, although you'll wish to review your contract to be sure you don't owe any expenses. and also you won't have a hard time discovering a brand new agent, primarily in a competitive market.

"The day your home’s record expires, you’ll seemingly be bombarded with cellphone calls from other brokers who are going to tell you why be sure you allow them to promote your house for you," sales says

In some certainly scorching markets, agents were accepted to ring the doorbell of homes that recently came off the market, making an attempt to pitch the owner head to head.

if you're open to relisting with a different real estate agent, it's critical that you do your homework and make sure you decide on the appropriate one this go-round.

"Interview agents, ask them questions," advises James Kolotouros, an agent from big apple metropolis. "be certain they've a latest track list of getting homes offered within their goal time frame."

Whomever you go along with, listen to their tips.

"This skill pricing as it should be, staging or prepping the domestic for showings well, and inserting themselves and their Realtor in the superior place possible to get buyers enthusiastic about making an acceptable present on the home," Kolotouros notes.

this is the premiere strategy to prevent your real estate checklist—and contract—from expiring again.

The put up What occurs When Your true property agreement Expires? regarded first on real property news & Insights | realtor.com®.


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