CALIFORNIA Real Estate Pre-License Packages                                               

California Law 135-Hour Textbook Package 135 Hrs          

California Appraisal 135-Hour Textbook Package  135 Hrs          

California Finance 135-Hour Textbook Package  135 Hrs          

California Economics 135-Hour Textbook Package  135 Hrs          

California Broker 225-Hour Upgrade Textbook Package  225 Hrs

California Broker 360-Hour Pre-License Textbook Pkg  360 Hrs        

$189.00

$189.00

$189.00

$189.00

$249.00

$429.00

PACKAGE DESCRIPTIONS

California Real Estate Law 135-Hour Textbook Package 

Supplementary Material: California Real Estate Principles -- W. Huber, 11th Ed.

45 Credit Hours

This 10th edition of California Real Estate Principles is an ideal introductory text for beginning real estate students and an excellent study guide for those taking the California real state license exam! The textbook covers all matters related to the ownership and transfer of real property, from deposit receipt to completed escrow, and beyond. The author has made the latest changes specifically to address new information that students are required to know.

CONTENTS/CHAPTERS:

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
  

• Glossary
  

• Index
  

• Appendix A
  

• Order Form
  

Supplementary Material: California Real Estate Practice - W. Huber & A. Lyons, CRS, GRI, 5th Edition

45 Credit Hours

The one thing that’s constant in real estate is change. That’s why it’s so important to keep revising a practice textbook and updating the information in it. In this, the 5th edition of California Real Estate Practice, we’ll cover laws and forms from new to old. We’ll also break down some key forms such as the Purchase Contract and the new Listing Agreement line-by-line.

CONTENTS/CHAPTERS:

• The Salesperson
  

• Prospecting
  

• Encumbrances
  

• The Listing Agreement
  

• Breakdown of the Listing Agreement
  

• Selling
  

• The Purchase Power
  

• Additional Forms for the Purchase Contract
  

• Finance
  

• Escrow
  

• Taxation
  

• Investing
  

• Sale of a Business
  

• Property Management
  

• Real Estate Assistants
  

• Licensing, Ethics, and Associations
  

• Appendix I: Policy Manual
  

• Appendix II: Glossary
  

• Index
  

• Order Form
  

Supplementary Material: California Real Estate Law - W. Huber and K. Tyler, J. D. 5th Edition

45 Credit Hours

In this fifth edition of California Real Estate Law, you’ll get a new understanding of how to simplify legal concepts for the California real estate industry. This unique approach makes California Real Estate Law, not only an excellent beginning Real Estate textbook, but also an essential review and reference book for buyers, sellers, and their agents. Our primary purpose is to provide the most current and comprehensive information to real estate brokers and salespersons, and to help students planning to take the California Real Estate Salesperson's or Broker's License Examinations.

CONTENTS/CHAPTERS:

• 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
  

California Real Estate Appraisal 135-Hour Textbook Package

California Appraisal 135-Hour Textbook Package 

Huber Books

Supplementary Material: California Real Estate Principles -- W. Huber, 11th Ed.

45 Credit Hours

This 10th edition of California Real Estate Principles is an ideal introductory text for beginning real estate students and an excellent study guide for those taking the California real state license exam! The textbook covers all matters related to the ownership and transfer of real property, from deposit receipt to completed escrow, and beyond. The author has made the latest changes specifically to address new information that students are required to know.

CONTENTS/CHAPTERS:

• 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
  

• Glossary
  

• Index
  

• Appendix A
  

• Order Form
  

GENERAL INFORMATION PAGE FOR HOME-STUDY STATUTORY COURSES

COURSES: TEXTBOOKS:

• Real Estate Principles California Real Estate Principles
  

• Real Estate Practice California Real Estate Practice
  

• Legal Aspects of Real Estate California Real Estate Law
  

• Real Estate Finance Real Estate Finance
  

• Real Estate Appraisal Real Estate Appraisal
  

• Real Estate Economics Real Estate Economics
  

• Mortgage Loan Brokering and Lending Mortgage Loan Brokering
  

• Property Management Property Management
  

• Business Law California Business Law
  

We will be using the most recent edition of the textbooks published by Walt Huber’s Educational Textbook Company, Inc.

COST:$79 for ordering a single course. {This cost includes the price of the textbook.}

REFUND POLICY: All tuition and fees paid for the course are due and refundable when: (a) the course of instruction is discontinued by the school, preventing a student from completing the course; OR (b) the enrollment of student was procured as a result of any misrepresentation in advertising, promotion materials of the school, or representation made by an owner or employee of the school. All refunds will be completed within 30 days after the effective date of enrollment termination.

COURSE CONTENT / TIME LIMITS: Each home-study course consists of spending a minimum of 45 hours reading and studying the course textbook, taking the non-graded chapter review quizzes, and passing a final examination. The final examination can be taken a minimum of 18 days from the date the student has had access to the course materials. No two courses can be completed in less than five weeks. Students must spend a minimum of 2.5 weeks studying each course. The maximum time students have to complete a course is one year from the date of registration. If students fail the final examination, they can take an alternate final examination one time. However, students must wait a minimum of another 18 days studying the course materials before they can re-take the final examination. If students fail the final examination two times, they will need to re-enroll in the course and pay the enrollment fee. If at that time, we are still using the same edition of the textbook, students will not be required to purchase a duplicate edition of the textbook. Softech International, Inc. will deduct $16.50 from the enrollment fee. If, at the time of re-enrollment, we are using a more recent edition of the text, students will be required to pay the full enrollment fee and will receive the updated edition of the text.

FINAL EXAMINATION: The final exam is open-book and consists of 100 multiple choice questions. Students are allowed 2.5 hours to complete the final exam, and need to score a minimum of 60% to pass. Students will take the final exam on the internet and will be issued a unique username and password. Internet final exams can not be printed or downloaded and the exam will automatically time-out at 2.5 hours.Under no circumstances shall the final exam be furnished directly to the students.

COURSE COMPLETION CERTIFICATES / RECORDS:Course completion certificates will be issued immediately upon passing the final examination (to be printed by the student). Records of course completion certificates will be maintained indefinitely to allow students to receive a duplicate certificate if needed.

PROBLEMS / COMPLAINTS: Persons seeking to resolve problems or complaints should contact Softech International, Inc. at the address or telephone number above.

EVALUATION: The DRE has a course and instructor evaluation available on the lower right section of the homepage of their web-site at www.dre.ca.gov.

DISCLOSURE STATEMENT

Private providers of pre-license statutory real estate courses must obtain course approval from the Department of Real Estate (DRE). As part of the approval process, the DRE reviews the course materials only. The DRE does not qualify the school or course provider. In addition, there is no regulatory oversight of private pre-license course providers who offer courses or programs costing $500 or less. For courses or programs over $500, qualification by the Bureau for Private Postsecondary and Vocational Education is required, in addition to DRE course approval. As a result, if a course provider offering a course costing $500 or less fails to deliver the educational course/program as represented, a student’s monetary remedy is to seek redress in Small Claims Court. Students are cautioned to fully understand the education course/program offered by the provider before enrolling or registering. A list of pre-license statutory courses approved by the DRE can be found on the DRE Web site at www.dre.ca.gov under DRE Records.

The one thing that’s constant in real estate is change. That’s why it’s so important to keep revising a practice textbook and updating the information in it. In this, the 5th edition of California Real Estate Practice, we’ll cover laws and forms from new to old. We’ll also break down some key forms such as the Purchase Contract and the new Listing Agreement line-by-line.

CONTENTS/CHAPTERS:

• The Salesperson
  

• Prospecting
  

• Encumbrances
  

• The Listing Agreement
  

• Breakdown of the Listing Agreement
  

• Selling
  

• The Purchase Power
  

• Additional Forms for the Purchase Contract
  

• Finance
  

• Escrow
  

• Taxation
  

• Investing
  

• Sale of a Business
  

• Property Management
  

• Real Estate Assistants
  

• Licensing, Ethics, and Associations
  

• Appendix I: Policy Manual
  

• Appendix II: Glossary
  

• Index
  

• Order Form
  

Huber Books

Supplementary Material: Real Estate Appraisal - W. Huber, L. Messick, IFAC and W. Pivar, 3rd Edition

45 Credit Hours

Real Estate Appraisal is designed for students who wish to pursue real estate appraisal as a career. However, real estate brokers, salespersons and loan officers can benefit from understanding why one property is worth more than another. This textbook gives you the advantage of learning how to think like an appraiser, because it is written from an appraiser's point of view. The authors not only give you the information that you will need, but explain why that information is important to producing a reliable appraisal report.

CONTENTS/CHAPTERS:

• Introduction
  

• 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
  

• Glossary
  

• Index
  

GENERAL INFORMATION PAGE FOR HOME-STUDY STATUTORY COURSES

COURSES: TEXTBOOKS:

• Real Estate Principles California Real Estate Principles
  

• Real Estate Practice California Real Estate Practice
  

• Legal Aspects of Real Estate California Real Estate Law
  

• Real Estate Finance Real Estate Finance
  

• Real Estate Appraisal Real Estate Appraisal
  

• Real Estate Economics Real Estate Economics
  

• Mortgage Loan Brokering and Lending Mortgage Loan Brokering
  

• Property Management Property Management
  

• Business Law California Business Law
  

We will be using the most recent edition of the textbooks published by Walt Huber’s Educational Textbook Company, Inc.

COST:$79 for ordering a single course. {This cost includes the price of the textbook.}

REFUND POLICY: All tuition and fees paid for the course are due and refundable when: (a) the course of instruction is discontinued by the school, preventing a student from completing the course; OR (b) the enrollment of student was procured as a result of any misrepresentation in advertising, promotion materials of the school, or representation made by an owner or employee of the school. All refunds will be completed within 30 days after the effective date of enrollment termination.

COURSE CONTENT / TIME LIMITS: Each home-study course consists of spending a minimum of 45 hours reading and studying the course textbook, taking the non-graded chapter review quizzes, and passing a final examination. The final examination can be taken a minimum of 18 days from the date the student has had access to the course materials. No two courses can be completed in less than five weeks. Students must spend a minimum of 2.5 weeks studying each course. The maximum time students have to complete a course is one year from the date of registration. If students fail the final examination, they can take an alternate final examination one time. However, students must wait a minimum of another 18 days studying the course materials before they can re-take the final examination. If students fail the final examination two times, they will need to re-enroll in the course and pay the enrollment fee. If at that time, we are still using the same edition of the textbook, students will not be required to purchase a duplicate edition of the textbook. Softech International, Inc. will deduct $16.50 from the enrollment fee. If, at the time of re-enrollment, we are using a more recent edition of the text, students will be required to pay the full enrollment fee and will receive the updated edition of the text.

FINAL EXAMINATION: The final exam is open-book and consists of 100 multiple choice questions. Students are allowed 2.5 hours to complete the final exam, and need to score a minimum of 60% to pass. Students will take the final exam on the internet and will be issued a unique username and password. Internet final exams can not be printed or downloaded and the exam will automatically time-out at 2.5 hours.Under no circumstances shall the final exam be furnished directly to the students.

COURSE COMPLETION CERTIFICATES / RECORDS:Course completion certificates will be issued immediately upon passing the final examination (to be printed by the student). Records of course completion certificates will be maintained indefinitely to allow students to receive a duplicate certificate if needed.

PROBLEMS / COMPLAINTS: Persons seeking to resolve problems or complaints should contact Softech International, Inc. at the address or telephone number above.

EVALUATION: The DRE has a course and instructor evaluation available on the lower right section of the homepage of their web-site at www.dre.ca.gov.

DISCLOSURE STATEMENT

Private providers of pre-license statutory real estate courses must obtain course approval from the Department of Real Estate (DRE). As part of the approval process, the DRE reviews the course materials only. The DRE does not qualify the school or course provider. In addition, there is no regulatory oversight of private pre-license course providers who offer courses or programs costing $500 or less. For courses or programs over $500, qualification by the Bureau for Private Postsecondary and Vocational Education is required, in addition to DRE course approval. As a result, if a course provider offering a course costing $500 or less fails to deliver the educational course/program as represented, a student’s monetary remedy is to seek redress in Small Claims Court. Students are cautioned to fully understand the education course/program offered by the provider before enrolling or registering. A list of pre-license statutory courses approved by the DRE can be found on the DRE Web site at www.dre.ca.gov under DRE Records.

California Real Estate Finance 135-Hour Textbook Package  

California Finance 135-Hour Textbook Package 

Huber Books

Supplementary Material: California Real Estate Principles -- W. Huber, 11th Ed.

45 Credit Hours

This 10th edition of California Real Estate Principles is an ideal introductory text for beginning real estate students and an excellent study guide for those taking the California real state license exam! The textbook covers all matters related to the ownership and transfer of real property, from deposit receipt to completed escrow, and beyond. The author has made the latest changes specifically to address new information that students are required to know.

CONTENTS/CHAPTERS:

• 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
  

• Glossary
  

• Index
  

• Appendix A
  

• Order Form
  

GENERAL INFORMATION PAGE FOR HOME-STUDY STATUTORY COURSES

COURSES: TEXTBOOKS:

• Real Estate Principles California Real Estate Principles
  

• Real Estate Practice California Real Estate Practice
  

• Legal Aspects of Real Estate California Real Estate Law
  

• Real Estate Finance Real Estate Finance
  

• Real Estate Appraisal Real Estate Appraisal
  

• Real Estate Economics Real Estate Economics
  

• Mortgage Loan Brokering and Lending Mortgage Loan Brokering
  

• Property Management Property Management
  

• Business Law California Business Law
  

We will be using the most recent edition of the textbooks published by Walt Huber’s Educational Textbook Company, Inc.

COST:$79 for ordering a single course. {This cost includes the price of the textbook.}

REFUND POLICY: All tuition and fees paid for the course are due and refundable when: (a) the course of instruction is discontinued by the school, preventing a student from completing the course; OR (b) the enrollment of student was procured as a result of any misrepresentation in advertising, promotion materials of the school, or representation made by an owner or employee of the school. All refunds will be completed within 30 days after the effective date of enrollment termination.

COURSE CONTENT / TIME LIMITS: Each home-study course consists of spending a minimum of 45 hours reading and studying the course textbook, taking the non-graded chapter review quizzes, and passing a final examination. The final examination can be taken a minimum of 18 days from the date the student has had access to the course materials. No two courses can be completed in less than five weeks. Students must spend a minimum of 2.5 weeks studying each course. The maximum time students have to complete a course is one year from the date of registration. If students fail the final examination, they can take an alternate final examination one time. However, students must wait a minimum of another 18 days studying the course materials before they can re-take the final examination. If students fail the final examination two times, they will need to re-enroll in the course and pay the enrollment fee. If at that time, we are still using the same edition of the textbook, students will not be required to purchase a duplicate edition of the textbook. Softech International, Inc. will deduct $16.50 from the enrollment fee. If, at the time of re-enrollment, we are using a more recent edition of the text, students will be required to pay the full enrollment fee and will receive the updated edition of the text.

FINAL EXAMINATION: The final exam is open-book and consists of 100 multiple choice questions. Students are allowed 2.5 hours to complete the final exam, and need to score a minimum of 60% to pass. Students will take the final exam on the internet and will be issued a unique username and password. Internet final exams can not be printed or downloaded and the exam will automatically time-out at 2.5 hours.Under no circumstances shall the final exam be furnished directly to the students.

COURSE COMPLETION CERTIFICATES / RECORDS:Course completion certificates will be issued immediately upon passing the final examination (to be printed by the student). Records of course completion certificates will be maintained indefinitely to allow students to receive a duplicate certificate if needed.

PROBLEMS / COMPLAINTS: Persons seeking to resolve problems or complaints should contact Softech International, Inc. at the address or telephone number above.

EVALUATION: The DRE has a course and instructor evaluation available on the lower right section of the homepage of their web-site at www.dre.ca.gov.

DISCLOSURE STATEMENT

Private providers of pre-license statutory real estate courses must obtain course approval from the Department of Real Estate (DRE). As part of the approval process, the DRE reviews the course materials only. The DRE does not qualify the school or course provider. In addition, there is no regulatory oversight of private pre-license course providers who offer courses or programs costing $500 or less. For courses or programs over $500, qualification by the Bureau for Private Postsecondary and Vocational Education is required, in addition to DRE course approval. As a result, if a course provider offering a course costing $500 or less fails to deliver the educational course/program as represented, a student’s monetary remedy is to seek redress in Small Claims Court. Students are cautioned to fully understand the education course/program offered by the provider before enrolling or registering. A list of pre-license statutory courses approved by the DRE can be found on the DRE Web site at www.dre.ca.gov under DRE Records.

Huber Books

Supplementary Material: California Real Estate Practice - W. Huber & A. Lyons, CRS, GRI, 5th Edition

45 Credit Hours

The one thing that’s constant in real estate is change. That’s why it’s so important to keep revising a practice textbook and updating the information in it. In this, the 5th edition of California Real Estate Practice, we’ll cover laws and forms from new to old. We’ll also break down some key forms such as the Purchase Contract and the new Listing Agreement line-by-line.

CONTENTS/CHAPTERS:

• The Salesperson
  

• Prospecting
  

• Encumbrances
  

• The Listing Agreement
  

• Breakdown of the Listing Agreement
  

• Selling
  

• The Purchase Power
  

• Additional Forms for the Purchase Contract
  

• Finance
  

• Escrow
  

• Taxation
  

• Investing
  

• Sale of a Business
  

• Property Management
  

• Real Estate Assistants
  

• Licensing, Ethics, and Associations
  

• Appendix I: Policy Manual
  

• Appendix II: Glossary
  

• Index
  

• Order Form
  

Huber Books

Supplementary Material: Real Estate Finance - W. Huber and L. Messick, 6th Edition

45 Credit Hours

This updated version of Real Estate Finance is more thorough, more interesting, and more educational than any other book of its kind. Real Estate Finance is a simple step-by-step guide to understanding the real estate finance process, from credit scoring, to filling out a loan application, to closing the loan. Authors provide helpful forms and useful information, such as how to apply for a Cal-Vet loan and what other states' loan programs are like. Understanding qualifying standards, disclosure requirements, and loan documents is finally made easy!

CONTENTS/CHAPTERS:

• 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
  

• Glossary
  

• Index
  

• Ordering Information
  

SOFTECH INTERNATIONAL, INC.

200 ACADEMY DR, STE. 260

AUSTIN TX PostalCode 78704

(800) 442-1149 / FAX (512) 441-1811

GENERAL INFORMATION PAGE FOR HOME-STUDY STATUTORY COURSES

COURSES: TEXTBOOKS:

• Real Estate Principles California Real Estate Principles
  

• Real Estate Practice California Real Estate Practice
  

• Legal Aspects of Real Estate California Real Estate Law
  

• Real Estate Finance Real Estate Finance
  

• Real Estate Appraisal Real Estate Appraisal
  

• Real Estate Economics Real Estate Economics
  

• Mortgage Loan Brokering and Lending Mortgage Loan Brokering
  

• Property Management Property Management
  

• Business Law California Business Law
  

We will be using the most recent edition of the textbooks published by Walt Huber’s Educational Textbook Company, Inc.

COST:$79 for ordering a single course. {This cost includes the price of the textbook.}

REFUND POLICY: All tuition and fees paid for the course are due and refundable when: (a) the course of instruction is discontinued by the school, preventing a student from completing the course; OR (b) the enrollment of student was procured as a result of any misrepresentation in advertising, promotion materials of the school, or representation made by an owner or employee of the school. All refunds will be completed within 30 days after the effective date of enrollment termination.

COURSE CONTENT / TIME LIMITS: Each home-study course consists of spending a minimum of 45 hours reading and studying the course textbook, taking the non-graded chapter review quizzes, and passing a final examination. The final examination can be taken a minimum of 18 days from the date the student has had access to the course materials. No two courses can be completed in less than five weeks. Students must spend a minimum of 2.5 weeks studying each course. The maximum time students have to complete a course is one year from the date of registration. If students fail the final examination, they can take an alternate final examination one time. However, students must wait a minimum of another 18 days studying the course materials before they can re-take the final examination. If students fail the final examination two times, they will need to re-enroll in the course and pay the enrollment fee. If at that time, we are still using the same edition of the textbook, students will not be required to purchase a duplicate edition of the textbook. Softech International, Inc. will deduct $16.50 from the enrollment fee. If, at the time of re-enrollment, we are using a more recent edition of the text, students will be required to pay the full enrollment fee and will receive the updated edition of the text.

FINAL EXAMINATION: The final exam is open-book and consists of 100 multiple choice questions. Students are allowed 2.5 hours to complete the final exam, and need to score a minimum of 60% to pass. Students will take the final exam on the internet and will be issued a unique username and password. Internet final exams can not be printed or downloaded and the exam will automatically time-out at 2.5 hours.Under no circumstances shall the final exam be furnished directly to the students.

COURSE COMPLETION CERTIFICATES / RECORDS:Course completion certificates will be issued immediately upon passing the final examination (to be printed by the student). Records of course completion certificates will be maintained indefinitely to allow students to receive a duplicate certificate if needed.

PROBLEMS / COMPLAINTS: Persons seeking to resolve problems or complaints should contact Softech International, Inc. at the address or telephone number above.

EVALUATION: The DRE has a course and instructor evaluation available on the lower right section of the homepage of their web-site at www.dre.ca.gov.

DISCLOSURE STATEMENT

Private providers of pre-license statutory real estate courses must obtain course approval from the Department of Real Estate (DRE). As part of the approval process, the DRE reviews the course materials only. The DRE does not qualify the school or course provider. In addition, there is no regulatory oversight of private pre-license course providers who offer courses or programs costing $500 or less. For courses or programs over $500, qualification by the Bureau for Private Postsecondary and Vocational Education is required, in addition to DRE course approval. As a result, if a course provider offering a course costing $500 or less fails to deliver the educational course/program as represented, a student’s monetary remedy is to seek redress in Small Claims Court. Students are cautioned to fully understand the education course/program offered by the provider before enrolling or registering. A list of pre-license statutory courses approved by the DRE can be found on the DRE Web site at www.dre.ca.gov under DRE Records.

California Real Estate Economics 135-Hour Textbook Package 

California Economics 135-Hour Textbook Package 

Huber Books

Supplementary Material: California Real Estate Principles -- W. Huber, 11th Ed.

45 Credit Hours

This 10th edition of California Real Estate Principles is an ideal introductory text for beginning real estate students and an excellent study guide for those taking the California real state license exam! The textbook covers all matters related to the ownership and transfer of real property, from deposit receipt to completed escrow, and beyond. The author has made the latest changes specifically to address new information that students are required to know.

CONTENTS/CHAPTERS:

• 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
  

• Glossary
  

• Index
  

• Appendix A
  

• Order Form
  

GENERAL INFORMATION PAGE FOR HOME-STUDY STATUTORY COURSES

COURSES: TEXTBOOKS:

• Real Estate Principles California Real Estate Principles
  

• Real Estate Practice California Real Estate Practice
  

• Legal Aspects of Real Estate California Real Estate Law
  

• Real Estate Finance Real Estate Finance
  

• Real Estate Appraisal Real Estate Appraisal
  

• Real Estate Economics Real Estate Economics
  

• Mortgage Loan Brokering and Lending Mortgage Loan Brokering
  

• Property Management Property Management
  

• Business Law California Business Law
  

We will be using the most recent edition of the textbooks published by Walt Huber’s Educational Textbook Company, Inc.

COST:$79 for ordering a single course. {This cost includes the price of the textbook.}

REFUND POLICY: All tuition and fees paid for the course are due and refundable when: (a) the course of instruction is discontinued by the school, preventing a student from completing the course; OR (b) the enrollment of student was procured as a result of any misrepresentation in advertising, promotion materials of the school, or representation made by an owner or employee of the school. All refunds will be completed within 30 days after the effective date of enrollment termination.

COURSE CONTENT / TIME LIMITS: Each home-study course consists of spending a minimum of 45 hours reading and studying the course textbook, taking the non-graded chapter review quizzes, and passing a final examination. The final examination can be taken a minimum of 18 days from the date the student has had access to the course materials. No two courses can be completed in less than five weeks. Students must spend a minimum of 2.5 weeks studying each course. The maximum time students have to complete a course is one year from the date of registration. If students fail the final examination, they can take an alternate final examination one time. However, students must wait a minimum of another 18 days studying the course materials before they can re-take the final examination. If students fail the final examination two times, they will need to re-enroll in the course and pay the enrollment fee. If at that time, we are still using the same edition of the textbook, students will not be required to purchase a duplicate edition of the textbook. Softech International, Inc. will deduct $16.50 from the enrollment fee. If, at the time of re-enrollment, we are using a more recent edition of the text, students will be required to pay the full enrollment fee and will receive the updated edition of the text.

FINAL EXAMINATION: The final exam is open-book and consists of 100 multiple choice questions. Students are allowed 2.5 hours to complete the final exam, and need to score a minimum of 60% to pass. Students will take the final exam on the internet and will be issued a unique username and password. Internet final exams can not be printed or downloaded and the exam will automatically time-out at 2.5 hours.Under no circumstances shall the final exam be furnished directly to the students.

COURSE COMPLETION CERTIFICATES / RECORDS:Course completion certificates will be issued immediately upon passing the final examination (to be printed by the student). Records of course completion certificates will be maintained indefinitely to allow students to receive a duplicate certificate if needed.

PROBLEMS / COMPLAINTS: Persons seeking to resolve problems or complaints should contact Softech International, Inc. at the address or telephone number above.

EVALUATION: The DRE has a course and instructor evaluation available on the lower right section of the homepage of their web-site at www.dre.ca.gov.

DISCLOSURE STATEMENT

Private providers of pre-license statutory real estate courses must obtain course approval from the Department of Real Estate (DRE). As part of the approval process, the DRE reviews the course materials only. The DRE does not qualify the school or course provider. In addition, there is no regulatory oversight of private pre-license course providers who offer courses or programs costing $500 or less. For courses or programs over $500, qualification by the Bureau for Private Postsecondary and Vocational Education is required, in addition to DRE course approval. As a result, if a course provider offering a course costing $500 or less fails to deliver the educational course/program as represented, a student’s monetary remedy is to seek redress in Small Claims Court. Students are cautioned to fully understand the education course/program offered by the provider before enrolling or registering. A list of pre-license statutory courses approved by the DRE can be found on the DRE Web site at www.dre.ca.gov under DRE Records.

Huber Books

Supplementary Material: California Real Estate Practice - W. Huber & A. Lyons, CRS, GRI, 5th Edition

45 Credit Hours

The one thing that’s constant in real estate is change. That’s why it’s so important to keep revising a practice textbook and updating the information in it. In this, the 5th edition of California Real Estate Practice, we’ll cover laws and forms from new to old. We’ll also break down some key forms such as the Purchase Contract and the new Listing Agreement line-by-line.

CONTENTS/CHAPTERS:

• The Salesperson
  

• Prospecting
  

• Encumbrances
  

• The Listing Agreement
  

• Breakdown of the Listing Agreement
  

• Selling
  

• The Purchase Power
  

• Additional Forms for the Purchase Contract
  

• Finance
  

• Escrow
  

• Taxation
  

• Investing
  

• Sale of a Business
  

• Property Management
  

• Real Estate Assistants
  

• Licensing, Ethics, and Associations
  

• Appendix I: Policy Manual
  

• Appendix II: Glossary
  

• Index
  

• Order Form
  

Huber Books

Supplementary Material: Real Estate Economics - W. Huber & W. Pivar

45 Credit Hours

The text on real estate economics covers:

• An economic history of contemporary real estate
  

• A chronicle of events and economic trends influencing real estate values
  

• An analysis of the interrelationship between the cost and value of real estate
  

• A dictionary of real estate economic terms
  

You’ll get a better understanding of why some real estate goes up in value while others go down. Concepts are delivered in a clear and easy-to-read format for beginning real estate students. Rather than using boring theoretical charts, the textbook provides student with page after page of interesting examples of economic factors influencing real estate values.

CONTENTS/CHAPTERS:

• 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
  

• Glossary
  

• Index
  

SOFTECH INTERNATIONAL, INC.

200 ACADEMY DR, STE. 260

AUSTIN TX PostalCode 78704

(800) 442-1149 / FAX (512) 441-1811

GENERAL INFORMATION PAGE FOR HOME-STUDY STATUTORY COURSES

COURSES: TEXTBOOKS:

• Real Estate Principles California Real Estate Principles
  

• Real Estate Practice California Real Estate Practice
  

• Legal Aspects of Real Estate California Real Estate Law
  

• Real Estate Finance Real Estate Finance
  

• Real Estate Appraisal Real Estate Appraisal
  

• Real Estate Economics Real Estate Economics
  

• Mortgage Loan Brokering and Lending Mortgage Loan Brokering
  

• Property Management Property Management
  

• Business Law California Business Law
  

We will be using the most recent edition of the textbooks published by Walt Huber’s Educational Textbook Company, Inc.

COST:$79 for ordering a single course. {This cost includes the price of the textbook.}

REFUND POLICY: All tuition and fees paid for the course are due and refundable when: (a) the course of instruction is discontinued by the school, preventing a student from completing the course; OR (b) the enrollment of student was procured as a result of any misrepresentation in advertising, promotion materials of the school, or representation made by an owner or employee of the school. All refunds will be completed within 30 days after the effective date of enrollment termination.

COURSE CONTENT / TIME LIMITS: Each home-study course consists of spending a minimum of 45 hours reading and studying the course textbook, taking the non-graded chapter review quizzes, and passing a final examination. The final examination can be taken a minimum of 18 days from the date the student has had access to the course materials. No two courses can be completed in less than five weeks. Students must spend a minimum of 2.5 weeks studying each course. The maximum time students have to complete a course is one year from the date of registration. If students fail the final examination, they can take an alternate final examination one time. However, students must wait a minimum of another 18 days studying the course materials before they can re-take the final examination. If students fail the final examination two times, they will need to re-enroll in the course and pay the enrollment fee. If at that time, we are still using the same edition of the textbook, students will not be required to purchase a duplicate edition of the textbook. Softech International, Inc. will deduct $16.50 from the enrollment fee. If, at the time of re-enrollment, we are using a more recent edition of the text, students will be required to pay the full enrollment fee and will receive the updated edition of the text.

FINAL EXAMINATION: The final exam is open-book and consists of 100 multiple choice questions. Students are allowed 2.5 hours to complete the final exam, and need to score a minimum of 60% to pass. Students will take the final exam on the internet and will be issued a unique username and password. Internet final exams can not be printed or downloaded and the exam will automatically time-out at 2.5 hours.Under no circumstances shall the final exam be furnished directly to the students.

COURSE COMPLETION CERTIFICATES / RECORDS:Course completion certificates will be issued immediately upon passing the final examination (to be printed by the student). Records of course completion certificates will be maintained indefinitely to allow students to receive a duplicate certificate if needed.

PROBLEMS / COMPLAINTS: Persons seeking to resolve problems or complaints should contact Softech International, Inc. at the address or telephone number above.

EVALUATION: The DRE has a course and instructor evaluation available on the lower right section of the homepage of their web-site at www.dre.ca.gov.

DISCLOSURE STATEMENT

Private providers of pre-license statutory real estate courses must obtain course approval from the Department of Real Estate (DRE). As part of the approval process, the DRE reviews the course materials only. The DRE does not qualify the school or course provider. In addition, there is no regulatory oversight of private pre-license course providers who offer courses or programs costing $500 or less. For courses or programs over $500, qualification by the Bureau for Private Postsecondary and Vocational Education is required, in addition to DRE course approval. As a result, if a course provider offering a course costing $500 or less fails to deliver the educational course/program as represented, a student’s monetary remedy is to seek redress in Small Claims Court. Students are cautioned to fully understand the education course/program offered by the provider before enrolling or registering. A list of pre-license statutory courses approved by the DRE can be found on the DRE Web site at www.dre.ca.gov under DRE Records.

California Real Estate Broker 225-Hour Upgrade Textbook Package  

California Broker 225-Hour Upgrade Textbook Package 

Courses are listed below

• Legal Aspects of Real Estate
  

• Real Estate Finance
  

• Real Estate Economics
  

• Business Law
  

• Property Management
  

SOFTECH INTERNATIONAL, INC.

200 ACADEMY DR, STE. 260

AUSTIN TX PostalCode 78704

(800) 442-1149 / FAX (512) 441-1811

GENERAL INFORMATION PAGE FOR HOME-STUDY STATUTORY COURSES

COURSES: TEXTBOOKS:

• Real Estate Principles California Real Estate Principles
  

• Real Estate Practice California Real Estate Practice
  

• Legal Aspects of Real Estate California Real Estate Law
  

• Real Estate Finance Real Estate Finance
  

• Real Estate Appraisal Real Estate Appraisal
  

• Real Estate Economics Real Estate Economics
  

• Mortgage Loan Brokering and Lending Mortgage Loan Brokering
  

• Property Management Property Management
  

• Business Law California Business Law
  

We will be using the most recent edition of the textbooks published by Walt Huber’s Educational Textbook Company, Inc.

COST:$79 for ordering a single course. {This cost includes the price of the textbook.}

REFUND POLICY: All tuition and fees paid for the course are due and refundable when: (a) the course of instruction is discontinued by the school, preventing a student from completing the course; OR (b) the enrollment of student was procured as a result of any misrepresentation in advertising, promotion materials of the school, or representation made by an owner or employee of the school. All refunds will be completed within 30 days after the effective date of enrollment termination.

COURSE CONTENT / TIME LIMITS: Each home-study course consists of spending a minimum of 45 hours reading and studying the course textbook, taking the non-graded chapter review quizzes, and passing a final examination. The final examination can be taken a minimum of 18 days from the date the student has had access to the course materials. No two courses can be completed in less than five weeks. Students must spend a minimum of 2.5 weeks studying each course. The maximum time students have to complete a course is one year from the date of registration. If students fail the final examination, they can take an alternate final examination one time. However, students must wait a minimum of another 18 days studying the course materials before they can re-take the final examination. If students fail the final examination two times, they will need to re-enroll in the course and pay the enrollment fee. If at that time, we are still using the same edition of the textbook, students will not be required to purchase a duplicate edition of the textbook. Softech International, Inc. will deduct $16.50 from the enrollment fee. If, at the time of re-enrollment, we are using a more recent edition of the text, students will be required to pay the full enrollment fee and will receive the updated edition of the text.

FINAL EXAMINATION: The final exam is open-book and consists of 100 multiple choice questions. Students are allowed 2.5 hours to complete the final exam, and need to score a minimum of 60% to pass. Students will take the final exam on the internet and will be issued a unique username and password. Internet final exams can not be printed or downloaded and the exam will automatically time-out at 2.5 hours.Under no circumstances shall the final exam be furnished directly to the students.

COURSE COMPLETION CERTIFICATES / RECORDS:Course completion certificates will be issued immediately upon passing the final examination (to be printed by the student). Records of course completion certificates will be maintained indefinitely to allow students to receive a duplicate certificate if needed.

PROBLEMS / COMPLAINTS: Persons seeking to resolve problems or complaints should contact Softech International, Inc. at the address or telephone number above.

EVALUATION: The DRE has a course and instructor evaluation available on the lower right section of the homepage of their web-site at www.dre.ca.gov.

DISCLOSURE STATEMENT

Private providers of pre-license statutory real estate courses must obtain course approval from the Department of Real Estate (DRE). As part of the approval process, the DRE reviews the course materials only. The DRE does not qualify the school or course provider. In addition, there is no regulatory oversight of private pre-license course providers who offer courses or programs costing $500 or less. For courses or programs over $500, qualification by the Bureau for Private Postsecondary and Vocational Education is required, in addition to DRE course approval. As a result, if a course provider offering a course costing $500 or less fails to deliver the educational course/program as represented, a student’s monetary remedy is to seek redress in Small Claims Court. Students are cautioned to fully understand the education course/program offered by the provider before enrolling or registering. A list of pre-license statutory courses approved by the DRE can be found on the DRE Web site at www.dre.ca.gov under DRE Records.

California Real Estate Broker 360-Hour Pre-License Textbook Package

Package Includes:

• Real Estate Practice
  

• Legal Aspects of Real Estate
  

• Real Estate Finance
  

• Real Estate Appraisal
  

• Real Estate Economics
  

• Real Estate Principles
  

• Business Law
  

• Property Management
  

• Law Package: Law course & Principles & Practice
  

• Appraisal Package: Appraisal & & Principles & Practice
  

• Finance Package: Finance & & Principles & Practice
  

• Economics Package: Economics & & Principles & Practice  
  

TEXTBOOKS:

• Real Estate Principles California Real Estate Principles
  

• Real Estate Practice California Real Estate Practice
  

• Legal Aspects of Real Estate California Real Estate Law
  

• Real Estate Finance Real Estate Finance
  

• Real Estate Appraisal Real Estate Appraisal
  

• Real Estate Economics Real Estate Economics
  

• Mortgage Loan Brokering and Lending Mortgage Loan Brokering
  

• Property Management Property Management
  

• Business Law California Business Law
  

We will be using the most recent edition of the textbooks published by Walt Huber’s Educational Textbook Company, Inc.

Housing Crash Continues

It's Still A Terrible Time To Buy

Why?

By Patrick Killelea, last updated Sat May 8, 2010

Because house prices will keep falling in most places. Prices are still dangerously high compared to incomes and rents. Banks say a safe mortgage is a maximum of 3 times the buyer's annual income with 20% downpayment. Landlords say a safe price is a maximum of 15 times the house's annual rent. Yet on the coasts, both those safety rules are still being violated. Buyers are still borrowing 6 times their income and putting only 3% down, and sellers are still asking 30 times annual rent, even after recent price declines. Renting is a cash business that proves what people can really pay based on their salary, not how much they can borrow. Salaries and rents prove that prices will keep falling for a long time. Anyone who bought a "bargain" this time last year is already sitting on a very painful loss.

Because it's still much cheaper to rent than to own the same size and quality house, in the same school district. On the coasts, annual rents are 3% of purchase price while mortgage rates are 6%, so it costs twice as much to borrow the money as it does to borrow the house. Renters win and owners lose! Worse, total owner costs including taxes, maintenance, and insurance come to about 9% of purchase price, which is three times the cost of renting and wipes out any income tax benefit. Buying a house is still a very bad deal in the richer neighborhoods, but it does make sense to buy in some relatively poor neighborhoods where prices have already fallen into line with salaries and rents. Check whether you should rent or buy in your own area with this NY Times calculator.

The only true sign of a bottom is a price low enough so that you could rent out the house and make a profit. Then you'll know it's safe to buy for yourself because then rent could cover the mortgage and all expenses if necessary, eliminating most of your risk. The basic buying safety rule is to divide annual rent by the purchase price for the house:

annual rent / purchase price = 3% means do not buy

annual rent / purchase price = 6% means borderline

annual rent / purchase price = 9% means ok to buy

So for example, it's borderline to pay $200,000 for a house that would cost you $1,000 per month to rent. That's $12,000 per year in rent. If you buy it with a 6% mortgage, that's $12,000 per year in interest instead, so it works out about the same. Owners can pay interest with pre-tax money, but that benefit gets wiped out by the eternal debts of repairs and property tax, equalizing things. It is foolish to pay $400,000 for that same house, because renting it would cost only half as much per year, and renters are completely safe from falling house prices.

Because it's a terrible time to buy when interest rates are low, like now. Realtors just lie without shame about this fundamental fact. House prices fall as interest rates rise, because a fixed monthly payment covers a smaller mortgage at a higher interest rate. Since interest rates have nowhere to go but up, prices have nowhere to go but down. The way to win the game is to have cash on hand to buy outright at a low price when others cannot borrow very much because of high interest rates. Then you get a low price, and you get capital appreciation caused by future interest rate declines. To buy at a time of low interest rates and high prices like now is a mistake for both reasons.

It is far better to pay a low price with a high interest rate than a high price with a low interest rate, even if the mortgage payment is the same either way.

Your property taxes will be lower with a low purchase price.

A low price gives you the ability to pay it all off instead of being a debt-slave for the rest of your life.

As interest rates fall from high to low, house prices increase.

Paying a high price now may trap you "under water", meaning you'll have a mortgage larger than the value of the house. Then you will not be able to refinance because there you'll have no equity, and will not be able to sell without a loss. Even if you get a long-term fixed rate mortgage, when rates inevitably go up the value of your property will go down. Paying a low price minimizes your damage.

Because buyers already borrowed too much money and cannot pay it back. They spent it on houses that are now worth less than the loan. This means most banks are actually bankrupt. But since the banks have friends in Washington, they get special treatment that you do not. The Federal Reserve prints up bales of new money to buy worthless mortgages from the most irresponsible banks, slowing down the buyer-friendly deflation in prices and socializing bank losses.

Big bank cash flow will never run out as long as the Federal Reserve exists. The Fed exists simply to protect big banks from the free market. Banks get to keep any profits they make, but bank losses just get passed on to you as inflation, when the Fed prints up money and buys their bad mortgages.

As if that were not enough corruption, Congress authorized vast amounts of TARP bailout cash taken from taxpayers, to be loaned directly to the worst-run banks, those that already gambled on mortgages and lost. The Fed and Congress are letting the banks "extend and pretend" that their mortgage loans will get paid back.

It is necessary that YOU be forced deeply into debt, and therefore forced into slavery, for the banks to make a profit. If you pay a low price for a house and manage to avoid debt, the banks lose control over you. Unacceptable to them. It's all a filthy battle for control over your labor.

Because buyers used too much leverage. Leverage means using debt to amplify gain. Most people forget that debt amplifies losses as well. If a buyer puts 10% down and the house goes down 10%, he has lost 100% of his money on paper. If he has to sell due to job loss or a mortgage rate adjustment, he lost 100% in the real world.

The simple fact is that the renter - if willing and able to save his money - can buy a house outright in half the time that a conventional buyer can pay off a mortgage. Interest generally accounts for more than half of the cost of a house. The saver/renter not only pays no interest, he also gets interest on his savings. Leveraged housing appreciation, usually presented as the "secret" to wealth, cannot be counted on, and can just as easily work against the buyer. In fact, that leverage is the danger that got current buyers into trouble.

Higher-end houses especially are now set up for a huge fall in prices, since there is no more fake paper equity from the sale of a previously overvalued property. Without that equity, most people don't have the money needed for a down payment on an expensive house. It takes a very long time indeed to save up for a 20% downpayment when you're still making mortgage payments on an underwater house.

It's worse than that. House prices do not even have to fall to cause big losses. The cost of selling a house is 6% because of the realtor lobby's corruption of US legislators. On a $300,000 house, that's $18,000 lost even if prices just stay flat. So a 4% decline in housing prices bankrupts all those with 10% equity or less.

Because the housing bubble was not driven by supply and demand. There is huge supply because of overbuilding, and there is less demand now that the baby boomers are retiring and selling. Prices in the bubble, even now, are entirely a function of how much the banks are willing to lend. Most people will borrow as much as they possibly can, amounts that are completely disconnected from their salaries or from the rental value of the property. Banks have been willing to accomodate crazy borrowers because banker control of the US government means that banks do not yet have to acknowledge their losses, or can push losses onto taxpayers through government housing agencies like the FHA.

Because there is a massive and growing backlog of latent foreclosures. Millions of owners have simply stopped paying their mortgages, and the banks are doing nothing about it, letting the owner live in the house for free. If a bank forecloses and takes possession of a house, that means the bank is responsible for property taxes and maintenance. Banks don't like those costs. If a bank then sells the foreclosure at current prices, the bank has to admit a loss on the loan. Banks like that cost even less. So there is a tsunami of foreclosures on the way that the banks are ignoring, for now. To prevent a justified foreclosure is also to prevent a deserving family from buying that house at a low price. One day, those foreclosures will wash over the landscape, decimating prices, and benefitting millions of families which will be able to buy a house without a suicidal level of debt, and maybe without any debt at all! Why is it that news articles about foreclosure never mention the happy young families that can finally buy at a low price?

Because first-time buyers have all been ruthlessly exploited and the supply of new victims is very low. From The Herald: "We were all corrupted by the housing boom, to some extent. People talked endlessly about how their houses were earning more than they did, never asking where all this free money was coming from. Well the truth is that it was being stolen from the next generation. Houses price increases don't produce wealth, they merely transfer it from the young to the old - from the coming generation of families who have to burden themselves with colossal debts if they want to own, to the baby boomers who are about to retire and live on the cash they make when they downsize."

House price inflation has been very unfair to new families, especially those with children. It is foolish for them to buy at current high prices, yet government leaders never talk about how lower house prices are good for American families, instead preferring to sacrifice the young and poor to benefit the old and rich, and to make sure bankers have plenty of debt to earn interest on. Every "affordability" program drives prices higher by pushing buyers deeper into debt. Increased debt is not affordability, it's just pushing the reckoning into the future. To really help Americans, Fannie Mae and Freddie Mac and the FHA should be completely eliminated, along with the mortgage-interest deduction. Canada has no mortgage-interest deduction at all, and has a more affordable and stable housing market because of that.

The government pretends to be interested in affordable housing, but now that housing is becoming truly affordable via falling prices, they want to stop it? Their actions speak louder than their words.

Because boomers are retiring. There are 70 million Americans born between 1945-1960. One-third have zero retirement savings. The oldest are 64. The only money they have is equity in a house, so they must sell. This will add yet another flood of houses to the market, driving prices down even more.

Because there is a huge glut of empty new houses. Builders are being forced to drop prices even faster than owners, because builders must sell to keep their business going. They need the money now. Builders have huge excess inventory that they cannot sell at current prices, and more houses are completed each day, making the housing slump worse.

California Foreclosure Activity Declines Again

April 20, 2010

La Jolla, CA.--Lending institutions started formal foreclosure proceedings on fewer California homes last quarter. It is unclear how much of the drop can be attributed to shifts in market conditions, and how much is because of changing policies, a real estate information service reported.

A total of 81,054 Notices of Default ("NODs") were recorded at county recorder offices during the January-to-March period. That was down 4.2 percent from 84,568 for the prior quarter, and down 40.2 percent from 135,431 in first-quarter 2009, according to San Diego-based MDA DataQuick.

The year-ago number is the highest in DataQuick's statistics, which go back to 1992 for NODs. The quarterly average is 44,041, while the low of recent years was 12,417 in third-quarter 2004, when housing market annual appreciation rates were around 20 percent.

"Several factors are at play here and it's hard to know how they play into each other right now. A year-and-a-half ago the subprime loan mess was the black hole. Now, playing catch-up, is the financial distress households are experiencing because of the recession. Add to the mix shifting policy decisions, both by lending institutions and in public policy," said John Walsh, DataQuick president.

"We are seeing signs that the worst may be over in the hard-hit entry-level markets, while problems are slowly spreading to more expensive neighborhoods. We're also seeing some lenders become more accommodating to work-outs or short sales, while others appear to be getting stricter about delinquencies. It's very noisy out there," Walsh said.

The state's most affordable sub-markets, which represent 25 percent of the state's housing stock, accounted for 47.5 percent of all default activity a year ago. In first-quarter 2010 that fell to 40.9 percent.

California's mid- to high-end housing markets were more likely to have seen a rise in mortgage defaults last quarter, though the concentration of default activity - measured by defaults per 1,000 homes - remained relatively low in those areas.

For example, zip codes statewide with median home sale prices of $500,000-plus saw mortgage defaults buck the overall trend and rise 1.5 percent last quarter compared with the prior quarter, while year-over-year the decline was 19 percent (versus a 40.2 percent marketwide annual decrease). Collectively, these zips saw 4.5 default notices filed for every 1,000 homes in the community, compared with the overall market's rate of 9.3 NODs for every 1,000 homes statewide.

In zip codes with medians below $500,000, mortgage default filings fell 5.8 percent from the prior quarter and declined nearly 43 percent from a year earlier. However, collectively these zips saw 10.5 NODs filed for every 1,000 homes - more than double the default rate for the zips with $500,000-plus medians.

On primary mortgages, California homeowners were a median five months behind on their payments when the lender filed the NOD. The borrowers owed a median $14,066 in back payments on a median $330,147 mortgage.

On home equity loans and lines of credit in default, borrowers owed a median $3,897 on a median $64,422 credit line. However the amount of the credit line that was actually in use cannot be determined from public records.

While many of the loans that went into default during first-quarter 2010 were originated in early 2007, the median origination month for last quarter's defaulted loans was July 2006, the same month as during the prior four quarters.

San Diego-based MDA DataQuick is a division of MDA Lending Solutions, a subsidiary of Vancouver-based MacDonald Dettwiler and Associates. MDA DataQuick monitors real estate activity nationwide and provides information to consumers, educational institutions, public agencies, lending institutions, title companies and industry analysts. Notices of Default are recorded at county recorders offices and mark the first step of the formal foreclosure process.

Although 81,054 default notices were filed last quarter, they involved 79,457 homes because some borrowers were in default on multiple loans (e.g. a primary mortgage and a line of credit). Multiple default recordings on the same home are trending down, DataQuick reported.

Following a historical pattern, mortgages were least likely to go into default in Marin, San Francisco and San Mateo counties. The probability was highest in Merced, Stanislaus and San Joaquin counties.

The number of Trustees Deeds (TDs) recorded, which reflect the number of houses or condo units lost to the foreclosure process, totaled 42,857 during the first quarter. That was down 16.1 percent from 51,060 for the prior quarter, and down 1.7 percent from 43,620 for first-quarter 2009. The all-time peak was 79,511 in third-quarter 2008.

In the last real estate cycle, Trustees Deeds peaked at 15,418 in third-quarter 1996. The state's all-time low was 637 in the second quarter of 2005, MDA DataQuick reported.

There are 8.5 million houses and condos in California.

On average, homes foreclosed on last quarter spent 7.5 months winding their way through the formal foreclosure process, beginning with an NOD. A year ago it was 6.8 months. The increase could reflect, among other things, lender backlogs and extra time needed to pursue possible loan modifications and short sales.

Foreclosure resales accounted for 42.6 percent of all California resale activity last quarter. It was up from a revised 40.6 percent the prior quarter, and down from 57.8 percent a year ago, the peak. Foreclosure resales varied significantly by county last quarter, from 13.8 percent in San Francisco to 67.7 percent in Merced.

At formal foreclosure auctions last quarter, an estimated 24.6 percent of foreclosed properties went to investors and others who do not appear to be lender or government entities. That's up from an estimated 17.6 percent a year ago.

The lenders that originated the most loans that went into default last quarter were Countrywide (7,282), World Savings (6,459), Washington Mutual (6,371), Wells Fargo (5,204) and Bank of America (3,851). These were also the most active lenders in the second half of 2006, and their default rates were well below 10 percent.

Smaller subprime lenders had far higher default rates for that period: ResMAE Mortgage, Ownit Mortgage, Master Financial, First NLC Financial Services and Fieldstone Mortgage all had default rates of more than 65 percent of the loans they originated in the second half of 2006. These and most other subprime lenders are long gone.

Most of the loans made in 2006 are owned or serviced by institutions other than those that made the loans. The servicers pursuing the highest number of defaults last quarter were ReconTrust Co., Cal-Western Reconveyance and NDEx West, MDA DataQuick reported.

Cities Served:

Agoura Hills Alameda Alamo, California (CA) Albany, California (CA) Alhambra, California (CA) Aliso Viejo Alondra Park  Alpine, California (CA) Alta Sierra Altadena  Alum Rock American Canyon  Anaheim, California (CA) Anderson, California (CA)   Antioch, California (CA) Apple Valley, California (CA) Aptos   Arcadia, California (CA) Arcata Arden-Arcade    Arroyo Grande Artesia, California (CA) Arvin Ashland, California (CA) Atascadero Atherton Atwater, California (CA)  Auburn, California (CA) August  Avenal  Avocado Heights Azusa Bakersfield, California (CA) Baldwin Park Banning Barstow, California (CA) Bay Point   Baywood-Los Osos   Beaumont, California (CA)  Bell Gardens Bell, California (CA) Bellflower, California (CA) Belmont, California (CA)   Benicia Berkeley, California (CA) Bermuda Dunes   Beverly Hills, California (CA)         Blackhawk-Camino Tassajara Bloomington, California (CA)   Blythe, California (CA)     Bonadelle Ranchos-Madera Ranchos Bonita, California (CA)      Bostonia  Boyes Hot Springs  Brawley Brea Brentwood, California (CA)     Buena Park  Burbank, California (CA) Burlingame, California (CA)      Calabasas Calexico California City Calimesa Calipatria   Camarillo Cambria, California (CA)  Cameron Park, California (CA) Camp Pendleton North Camp Pendleton South Campbell, California (CA)  Canyon Lake, California (CA) Capitola Carlsbad, California (CA)   Carmichael Carpinteria Carson, California (CA)   Casa de Oro-Mount Helix Castro Valley Castroville, California (CA) Cathedral City  Ceres Cerritos   Charter Oak, California (CA)  Cherryland  Chico, California (CA)   Chino Chino Hills Chowchilla  Chula Vista, California (CA) Citrus Citrus Heights Claremont, California (CA) Clayton, California (CA) Clearlake  Cloverdale, California (CA) Clovis, California (CA)  Coachella Coalinga    Colton, California (CA)   Commerce, California (CA) Compton, California (CA) Concord, California (CA)   Corcoran, California (CA) Corning, California (CA) Corona, California (CA) Coronado  Corte Madera Costa Mesa, California (CA) Cotati Coto de Caza  Country Club, California (CA)  Covina     Crestline, California (CA)   Cudahy, California (CA) Culver City Cupertino   Cypress, California (CA) Daly City, California (CA) Dana Point Danville, California (CA) Davis, California (CA)   Del Aire      Delano, California (CA) Delhi, California (CA)    Desert Hot Springs    Diamond Bar   Dinuba Discovery Bay  Dixon, California (CA)     Downey, California (CA) Duarte Dublin, California (CA)     Earlimart East Compton East Foothills East Hemet East La Mirada East Los Angeles, California (CA)   East Palo Alto East Pasadena East Porterville   East San Gabriel    El Cajon El Centro El Cerrito El Dorado Hills  El Monte, California (CA) El Paso de Robles (Paso Robles) El Rio El Segundo El Sobrante   Elk Grove, California (CA)    Emeryville  Encinitas  Escondido, California (CA)   Eureka, California (CA) Exeter, California (CA) Fair Oaks, California (CA)  Fairfax, California (CA) Fairfield, California (CA) Fairview, California (CA)  Fallbrook Farmersville, California (CA)     Fillmore, California (CA)  Florence-Graham Florin Folsom, California (CA) Fontana, California (CA) Foothill Farms Foothill Ranch     Fort Bragg, California (CA)  Fortuna Foster City Fountain Valley    Fremont, California (CA)   Fresno, California (CA)   Fullerton, California (CA) Galt, California (CA) Garden Acres Garden Grove, California (CA) Gardena   Gilroy Glen Avon  Glendale, California (CA) Glendora, California (CA) Gold River Golden Hills Goleta Gonzales, California (CA)   Grand Terrace Granite Bay  Grass Valley    Greenfield, California (CA)     Grover Beach    Hacienda Heights Half Moon Bay   Hanford  Hawaiian Gardens Hawthorne, California (CA)  Hayward, California (CA) Healdsburg  Hemet Hercules Hermosa Beach Hesperia, California (CA)      Highland, California (CA)  Hillsborough, California (CA)  Hollister, California (CA)   Home Gardens     Huntington Beach, California (CA) Huntington Park Huron, California (CA)   Imperial Beach Imperial, California (CA)   Indio  Inglewood, California (CA) Interlaken, California (CA)   Ione, California (CA)  Irvine, California (CA)  Isla Vista            Kentfield Kerman    King City, California (CA)  Kingsburg   La Canada Flintridge La Crescenta-Montrose La Habra  La Mesa La Mirada La Palma La Presa, California (CA) La Puente La Quinta La Riviera La Verne Ladera Heights Lafayette, California (CA) Laguna Beach, California (CA) Laguna Hills Laguna Niguel Laguna West-Lakeside Laguna Woods Laguna, California (CA)     Lake Arrowhead, California (CA) Lake Elsinore Lake Forest, California (CA)  Lake Los Angeles         Lakeside, California (CA)  Lakewood, California (CA) Lamont, California (CA)  Lancaster, California (CA) Larkfield-Wikiup Larkspur, California (CA)   Lathrop, California (CA)  Lawndale, California (CA)     Lemon Grove Lemoore  Lennox, California (CA)     Lincoln, California (CA) Linda  Lindsay, California (CA)  Live Oak, California (CA) Livermore, California (CA) Livingston, California (CA)  Lodi, California (CA) Loma Linda, California (CA)  Lomita Lompoc   Long Beach, California (CA) Loomis, California (CA) Los Alamitos  Los Altos Los Altos Hills Los Angeles, California (CA) Los Banos Los Gatos      Lucas Valley-Marinwood  Lynwood, California (CA) Madera Madera Acres Magalia Malibu Mammoth Lakes Manhattan Beach Manteca    Marina Marina del Rey  Martinez, California (CA) Marysville, California (CA)  Maywood, California (CA)   McFarland, California (CA) McKinleyville      Mendota, California (CA) Menlo Park Mentone, California (CA) Merced    Mill Valley Millbrae  Milpitas Mira Loma Mira Monte   Mission Viejo Modesto, California (CA)    Monrovia, California (CA)   Montclair, California (CA)   Montebello, California (CA) Montecito Monterey Park Monterey, California (CA) Moorpark  Moraga Moreno Valley, California (CA) Morgan Hill  Morro Bay       Mountain View, California (CA)   Murrieta  Muscoy  Napa National City    Newark, California (CA) Newman, California (CA) Newport Beach    Nipomo Norco, California (CA) North Auburn   North Fair Oaks North Highlands   Norwalk, California (CA) Novato    Oakdale, California (CA)  Oakland, California (CA) Oakley, California (CA)  Oceano Oceanside, California (CA)  Oildale Ojai Olivehurst Ontario, California (CA)  Opal Cliffs Orange Cove Orange, California (CA) Orangevale Orcutt Orinda Orland, California (CA) Orosi Oroville East Oroville, California (CA) Oxnard, California (CA)  Pacific Grove Pacifica   Palm Desert Palm Springs, California (CA) Palmdale, California (CA) Palo Alto, California (CA)   Palos Verdes Estates Paradise, California (CA) Paramount  Parkway-South Sacramento  Parlier Pasadena, California (CA) Patterson, California (CA) Pedley  Perris Petaluma  Pico Rivera Piedmont, California (CA)    Pinole  Pismo Beach Pittsburg, California (CA)  Placentia Placerville  Pleasant Hill, California (CA) Pleasanton, California (CA)      Pomona, California (CA)   Port Hueneme Porterville  Portola Hills  Poway Prunedale  Quartz Hill    Ramona, California (CA)  Rancho Cordova Rancho Cucamonga, California (CA) Rancho Mirage  Rancho Palos Verdes Rancho San Diego  Rancho Santa Margarita  Red Bluff Redding, California (CA) Redlands, California (CA) Redondo Beach  Redwood City Reedley Rialto  Richmond, California (CA) Ridgecrest, California (CA)  Rio del Mar  Rio Linda  Ripon, California (CA) Riverbank   Riverside, California (CA) Rocklin Rodeo Rohnert Park Rolling Hills Estates    Rosamond Rosedale, California (CA) Roseland, California (CA) Rosemead Rosemont, California (CA) Roseville, California (CA)  Rossmoor, California (CA)  Rowland Heights Rubidoux  Sacramento, California (CA) Salida, California (CA) Salinas, California (CA)    San Anselmo   San Bernardino, California (CA) San Bruno San Buenaventura (Ventura), California (CA) San Carlos, California (CA) San Clemente San Diego Country Estates San Diego, California (CA) San Dimas San Fernando San Francisco, California (CA) San Gabriel  San Jacinto   San Jose, California (CA)  San Juan Capistrano San Leandro San Lorenzo  San Luis Obispo San Marcos, California (CA) San Marino  San Mateo  San Pablo San Rafael San Ramon  Sanger, California (CA) Santa Ana, California (CA) Santa Barbara Santa Clara, California (CA) Santa Clarita, California (CA) Santa Cruz, California (CA) Santa Fe Springs Santa Maria, California (CA) Santa Monica Santa Paula Santa Rosa, California (CA)   Santee, California (CA) Saratoga, California (CA) Sausalito Scotts Valley Seal Beach  Seaside, California (CA) Sebastopol, California (CA)   Selma, California (CA)   Shafter  Shasta Lake    Sierra Madre Signal Hill Simi Valley, California (CA) Solana Beach Soledad  Sonoma     South El Monte South Gate, California (CA) South Lake Tahoe South Oroville South Pasadena, California (CA) South San Francisco South San Gabriel South San Jose Hills  South Whittier  South Yuba City  Spring Valley, California (CA)      Stanford, California (CA) Stanton, California (CA)  Stockton, California (CA)    Suisun City  Sun City, California (CA)   Sunnyvale, California (CA)   Susanville     Taft, California (CA)   Tamalpais-Homestead Valley  Tehachapi  Temecula  Temple City   Thermalito Thousand Oaks, California (CA)   Tiburon     Torrance, California (CA) Tracy, California (CA)    Truckee Tulare, California (CA)    Turlock Tustin Foothills Tustin, California (CA)  Twentynine Palms Twentynine Palms Base  Ukiah, California (CA) Union City, California (CA) Upland, California (CA)  Vacaville  Valinda Valle Vista  Vallejo, California (CA)  Valley Center, California (CA)  Vandenberg AFB  Victorville View Park-Windsor Hills  Vincent, California (CA)  Vineyard Visalia Vista   Walnut Creek, California (CA)  Walnut Park Walnut, California (CA) Wasco, California (CA) Waterford, California (CA) Watsonville     West Athens  West Carson  West Covina, California (CA) West Hollywood  West Modesto

West Puente Valley West Sacramento West Whittier-Los Nietos  Westlake Village  Westminster, California (CA) Westmont, California (CA)    Whittier Wildomar     Willowbrook, California (CA) Willows   Windsor, California (CA) Winter Gardens  Winters, California (CA) Winton, California (CA)   Woodcrest Woodlake Woodland, California (CA)    Yorba Linda    Yreka Yuba City Yucaipa Yucca Valley

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Welcome to California Real Estate License School, your source for  California real estate pre-licensing, broker, appraisal, appraiser and sales agent courses. Take courses from the convenience of your home or office at your own pace. Upon each course completion, you will receive your official certification that can be presented to the California department of real estate) to satisfy pre-license or MCE requirements. In conjunction with 360training and with 24/7 student support,  you can be certain that your learning experience is secure, reliable and accurate, or your money back.

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You have come to the premier place for California Real Estate License Training.  We will inform you of all the real estate education requirements to get your license while telling you about our credentials to serve you. We offer help in the form of a sitemap, what to expect at enrollment and system requirements.  When you are studying to get your real estate license, it is called real estate pre-license courses.  Pre-license courses get you ready for the real estate exam. We also update you with current real estate news. Our California real estate license training is the best around and "the best of the best" is our California Real Estate Broker License training.  Whether you choose to become a real estate salesperson or broker, we have the finest real estate textbooks available.

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Below are descriptions of each package & all textbooks

California Real Estate

PreLicense Courses

California real estate license courses. california law license course, california appraisal license course, california finance license course, california economics license course, california real estate broker license course