da Eloy Rodriguez mancano 10 anni
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Flood Hazard Report
frequent flooding
Less then 10years
Department of Forestry
Rural lands declared state responsibility
Quarterly Reports by Broker
When assisting with leases or sales of federal lands
Promotional Note
Liens on Parcels of subdivision
Real Property Securities
Regulates less then 3 year old subdivision
less then three years
Commercial Property Owner's Guide
Masonry floor and roof before 1975
Homeowner's Guide; for homes built 1960
Seller and broker must disclose to buyer
Wild-land Area
e.g. forest fires
Fire Hazard
Potential Flooding
e.g. Dam Break
Special Flood Zone
FEMA
Give the seller the Environmental Hazard Pamphlet
Radon
Asbestos
Lead
EPA pamphlet 'Protect Your Family From Lead
for Target home pre 1978
Rights of buyer
If TDS is delivered after the offer
By mail; Seller has 5 days after delivery to terminate
In person; Seller has 3 days to terminate offer
Broker who procured the offer
must deliver TDS to buyer ASAP
If seller does not give buyer TDS
Agent to notify buyer of TDS right
Listing and selling agent must inspect
Fill out during listing
Holden Act
Prohibits discrimination by lenders [redlining]
Unruh Civil Act
prohibits discrimination in Business
Rumford Act
Liable for civil damages and $1000 punitive
or provide next available unit
Owner to complete rental of Sale
Federal Equal Credit opportunity
Federal Title VIII 1968
Anti Discrimination in housing
Federal Open Housing Law
Enforced US Attorney General when conspiracy
Federal Fair Housing Act
Complaint filed with HUD for up to one year
Ad Retireee's Dream Home violates HUD guidelines
Anti discrimination
Buyer to file Notice of intent to Sell in Bulk
and advertise
Prevent fraud against Creditors
When Selling all inventory to on Buyer
Release or Termination Statement
Release from Creditors
Financing Statement
Filed with Secretary of State
Gives public notice to creditors of Trade Fixtures
Not subject to sales tax
Subject to Sales Tax
Broker servicing as loan
may retain funds in Trust Account
at most 25 days without lender authorization
if lender authorizes early funding
broker must give lender recommendation to record
10 days
negotiated loans
Broker to record Trust Deed
Before escrow releases funds
Must not contain a selling guarantee
give full accounting to seller
DRE approval prior
No DRE approval needed
Appraisal
Credit Report
Commissioner must serve licensee with a Accusation
Kickbacks
Secret Profits
Commingling
Undisclosed Dual Agency
False Promise
Misrepresentation
Most are innocent, negligent or fraudulent
$10,000
six month jail
loss of license
OK with disclosures
illegal
obey Realtor' Code of Ethics
making a claim that reasonable person relies upon to buy
800-for-loans
Move right-in
Must include Broker's name
Must disclose he is an agent
Must disclose that agent represents seller
to everyone
must announce attendance is necessary
Secured Trust Deeds
Disclose the extent to which it is secured
Must specify interest and discount from actual balance
If after; test must be retaken
Release Child support or Suspended
One other College level course
Real Estate Practice
Real Estate Principles
New course in Risk Management
15 hours customer service
18 hours consumer protection
subject: Ethics, Agency, Trust Fund Handling, Fair Housing
45 hours
Any employee authorized by may make withdrawals
unlicensed must bond
Unless buyer
I writing direct a check not be cashed
Until accepted
Deposit within 3 Business Day
If business takes place before 3 days no account necessary
License must be returned
3 Business days
Keep 3 years
Real Estate law non-licensee
Department of Real Estates
Real Estate Commissioner
California Code of Regulations
Criminal Prosecution - local DA
Promulgate rules for licensees
Buying or Selling 8 or more loans in a year
Answering detailed real estate financing questions
Property Management
handing out sales brochures
Assisting Buyer or Seller
investigate non-licensed persons, can discipline licensed persons
Article 4
Creating Bills
Seller reserves right to sell
Many Brokers
