This course includes several sample escrow procedures and their corresponding forms. Each chapter has a vocabulary section, since knowing the meaning of words is half the battle. Provides a step-by-step process of learning how to work through the escrow process, form-by-form.
This is a self-study course, which means that we send you the textbook Escrow 1, Introducing Transaction Coordinators, 5th Edition by Walt Huber. Once you've reviewed the information in each chapter, you can take the associated quiz online. After you've successfully completed each of the quizzes, you'll be ready to tackle the final exam.
The course contains 15 chapters of study:
- Pre-Escrow Transaction Coordinator (3 hours)
- What Is Escrow? (3 hours)
- Basic Escrow Processes and the Role of Transaction Coordinator (4 hours)
- Sample One, Part One (3 hours)
- Sample One, Part Two (2 hours)
- Sample One, Part Three (3 hours)
- Sample Two, Part One (3 hours)
- Sample Two, Part Two (3 hours)
- Sample Two, Part Three (3 hours)
- Sample Three, Part One (3 hours)
- Sample Three, Part Two (3 hours)
- Exchange Escrow (2 hours)
- Processing the Exchange Escrow (4 hours)
- Note and Trust Deed Escrow Sample (3 hours)
- Processing the Note and Trust Deed Escrow (3 hours)
This is a correspondence course with a physical textbook. Chapter quizzes and a final exam are provided via the internet. Students will study each chapter of the textbook in order. After completing a chapter, students will need to complete an associated online quiz. The student must pass an online final exam at the end of the course.
No other substitute method of taking or completing this course is allowed.
The course contains approximately 45 hours of reading material in the textbook Escrow 1, Introducing Transaction Coordinators, 5th Edition by Walt Huber.
A final examination is required at the end of the course. The final examination consists of 100 multiple choice questions. A test score of 75% or greater is required for course completion. The final examination is not downloadable or printable.
The final exam has a time limit of 3 hours. Questions not completed by that time will be marked as incorrect and the exam will be automatically scored.
The DRE limits students taking final exams for pre-license courses to one completed exam per 18 day period.
Completion and Assignment Timelines
This Pre-License Course may be completed at your own pace. The course is designed to take a minimum of 45 hours to complete. The time will be spent reading the course text materials, studying the text materials to ensure concept understanding, completion of the course exercise sets, and review of support material and successful passage of the course final examination.
The California DRE requires that pre-license courses not be completed in less than 17-1/2 days from enrollment, per course. This means that if purchased as a package, the 135 hours necessary to obtain a California salesperson license may not be completed in less than 54 days from enrollment.
You will have a maximum of 365 days from enrollment to complete the course, after which course access will end.
Withdrawal and Refund Information
The following is the cancellation and refund policy:
- You may cancel enrollment by giving e-mail notice to mail@OnlineEd.com within five business days after the date of enrollment. If cancellation occurs during that five day period, all money paid to OnlineEd by the student shall be refunded.
- If cancellation occurs after five business days, the following schedules of maximum charges may be assessed by OnlineEd:
- If termination occurs in the period between the delivery of lesson materials and receipt by the school of the first completed lesson materials, OnlineEd may charge an amount equal to 15 percent of the total tuition cost, or $50, whichever is less. This sum shall represent OnlineEd's stated course enrollment fee.
- If termination occurs after receipt by OnlineEd of the first completed chapter review exercise and up to 50 percent of the completed lesson assignments, the student shall be entitled to a pro rata refund of the total tuition cost of the distance learning portion of the program. This refund calculation shall be based upon dividing the total number of chapters the student has completed by the total number of course chapters not completed by the student. OnlineEd may also retain the established enrollment fee.
- If termination occurs after receipt by OnlineEd of 50 percent or more of the completed lesson assignments OnlineEd may retain 100 percent of the total tuition costs plus the established registration fee.
- No refund will be given after 30 days from initial course registration for any reason.
- No refunds will be given for books, promotional items, or shipping and/or handling costs associated therewith.
- If your course or any portion thereof was paid for by a third party, then the third party will need to make the refund request and will receive any qualifying refund.
There are no prerequisites required. However, you are advised to contact the California Department of Real Estate to determine whether you will be eligible to sit for the California Real Estate Broker examination. There are age and other requirements that must be met.
OnlineEd is a course provider and makes no determination as to your ability to obtain a CA real estate license. The licensing process is between you and the California Department of Real Estate.
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.
This course is approved for pre-license credit by the California Department of Real Estate. However, this approval does not constitute an endorsement of the views or opinions that are expressed by the course sponsor, instructor, authors or lecturers.
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.
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.