0 DRE Approved Credit Hours

0 DRE Approved Credit Hours

Updated: June 25, 2018; Links: June 25, 2018; Last Change: September 17, 2020

Copyright? 2018

45HoursOnline holds the copyright to this book, Demonstration Course, 2018 Edition. As its copyright holder, we authorize its use for our customers only. By "customer," we mean anyone who has paid for a course or package of courses that includes this book. Customers may download, copy, and print this book but only for their individual use. Customers may not distribute this book in any form without our written permission.

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This is a "margin note" for images, links, and short comments.

PREFACE:

To save space we use these abbreviations and terms:

BPC DRE CAR? CC CR NAR?

The Business and Professional Code of California. California Department of Real Estate California Association of REALTORS? The Civil Code of California Commissioner's Regulations National Association of REALTORS?

You can find all California codes at leginfo.calaw.html. Unless otherwise stated, all legal cases are from California. In citing cases, we specify only the names of the litigants and the year of the decision.

The forms cited in this course are from CAR?.

We use these typographic conventions:

We use margin notes L to provide definitions and short footnotes.

Supplemental text is delimited in one of two ways: (1) When the text is lengthy, it is enclosed in a dashed, light-green box (as you see here); otherwise, (2) curly braces are used {as you see here} in line with the text. Supplemental text is considered part of this course.

Paragraphs set against a light-gray background (as you see here) are sidebars. Sidebars are explanatory notes and parenthetical content. The information contained within sidebars is not considered part of the course.

Opinions of and personal asides by the Editor, Chuck Milbourne, are set against a yellow background (as you see here). Feel free to skip these.

For consistency and economy, the Editor has changed all references to sections of the California Civil Code to "CC ?"; to the California Business and Professions Code to "BPC ?"; and to the Department of Real Estate Commissioner's Regulations to "CR ?". The symbol `?' may be read as "section" and the symbol `??' as "sections." "Et al," as in "CC ?2780 et al," may be read as "all the sub-sections that follow."

The pronouns "he" and "himself," when used in a general sense, refer to people of all genders.

Demonstration Course, 2018 Edition

TABLE OF CONTENTS

1 Introduction

1

1.1 About our 45-Hour Package

1

2 Ethics: "Seller Beware! A Case History"

5

3 Agency: "Disclosure of Agency"

7

4 Trust Funds: "Interest Bearing Accounts"

8

5 Fair Housing: "Fair Employment & Housing Act"

10

6 Risk Management: "Litigation"

11

7 Management: "Notification of Hires/Fires"

13

7.1

NOTIFICATION OF HIRES/TERMINATIONS

13

7.1.1

SALESPERSONS

13

7.1.2

BROKER-ASSOCIATES

14

8 Consumer Protection Reader (CPR)

15

8.1 CPR Part1 #1: "Joint and Several Liability"

15

8.2 CPR Part 1 #2: "Visual (Red Flags)"

16

8.3 CPR Part 2 #1: Rocket Mortgage: Shooting for the Moon

17

8.4 CPR Part 2 #2: "False Predictions Aren't Fraud"

19

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