This course is designed to give the licensee a comprehensive understanding of the many issues regarding disclosure in the practice of real estate in California. The common law fiduciary duty of disclosure is explored along with the trend towards more expansive disclosure standards as set forth in the Easton case and the California Civil Code.
Discussed in detail are the Real Estate Transfer Disclosure Statement, the Natural Hazards Disclosure requirements, and the numerous other disclosures that are required when real property is sold or transfers. California Agency disclosure requirements and procedures are also examined in detail, along with detailed discussion of the Real Estate Settlement Procedures Act, disclosures required under the Subdivision Lands Act, and the various disclosures required when financing real property.
Upon completion of this course, the licensee will have a comprehensive knowledge and checklist of potential disclosures that should be made in a California real estate transaction.
This course has no prerequisites.
Method of Course Presentation
- Presentation: Correspondence/Internet
- Course Category: Consumer Protection
- Credit Hours: 6
Course fees consist of the initial enrollment fee. There are no additional fees charged to students.
- Title: Disclosure Obligations
- Authors: Sorg & Spaan, LLC
- Copyright date: 2005-2020
- Pages: 126
This is a correspondence course provided via the internet. The course material is made available as an electronic download after registration. After studying the material, students will need to complete an online quiz for each chapter and pass an online final exam at the end of the course.
No other method of taking or completing this course is allowed.
Course must be completed within one year of enrollment.
All tuition and fees paid for the course are refundable when: (a) the course of instruction is discontinued by OnlineEd and such discontinuation has prevented a student from completing the course; or (b) the enrollment of the student was procured as a result of any misrepresentation in 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. Refunds will not be given to any student after the student has successfully registered in a course or courses, as once registered, student has access to the registered courses. In hardship cases, OnlineEd may issue a refund at its sole discretion. OnlineEd does not issue retroactive partial refunds for courses that are subsequently discounted or put on sale after a student makes a purchase.
Final Examination Criteria
- Number of questions: 25
- Types of questions: multiple choice
- Time: 25 minutes
- How many final exams are offered: 2
- Minimum passing score: 70%
This course is approved for continuing education credit by the California Department of Real Estate. However, this approval does not constitute an endorsement of the views or opinions which are expressed by the course sponsor, instructor, authors or lecturers.
Correspondence Course Identification Statement
In order to verify your identity, you will be asked to provide at the time of enrollment and again prior to taking the final examination certain information to verify your identity. Among the types of identification that may be asked for are your current California driver's license, current identification permitted under the California Vehicle Code, or any identification issued to you by a governmental agency or a recognized real estate related trade organization that was issued within the immediately preceding five years that bears your photograph, signature, and identification number. In addition, you will also be asked to provide answers to additional security questions, the answers to which are unique to you.
Online Evaluation Statement
After completing this course you are encouraged to complete the California Department of Real Estate's online course evaluation form. You can access this evaluation at http://www.dre.ca.gov/files/pdf/forms/re318a.pdf.
Course Provider Complaint Statement
A course provider complaint form is available on the California Department of Real Estate (DRE) website at www.dre.ca.gov. Access this form by typing in "RE 340" in the search box located in the upper right corner of the home page. An informational form regarding course provider complaints, "RE 340A" is also available.
The California Department of Real Estate does not approve nor endorse any of the forms used in this course with the exception of those prescribed by State and Federal Law. While this publication is designed to be accurate information about the subject matter it covers, it is sold with the understanding that the distributor, author, and publisher are not engaged in rendering legal, accounting, or other professional advice. If such advice or other expert assistance is required, the services of a competent professional should be sought. The recipient is cautioned to check with their managing supervisor before acting on any suggestion or recommendation, or before using any sample form contained herein.