(May be less if purchased as part of a package)
|Features:||printable certificate, PDF eBook|
|Category:||Real Estate > Continuing Education > California > Trust Funds|
7405 SW Beveland Rd,
Portland, OR 97223
DRE Sponsor Number: 4056
This course is designed to give the licensee a comprehensive understanding of California law relating to the handling of client trust funds. The concept of trust funds is discussed along with the rules and regulations relating to the handling of such trust funds. Specific attention is focused on the trust fund account and the liability associated with managing the account.
Particular attention is placed on trust fund violations relating to commingling and trust fund conversion. A detailed discussion of the various types of permitted trust fund accounting records is presented along with suggested good record keeping procedures.
Since the majority of California Department of Real Estate (DRE) audit violations relate to trust funds, a great deal of attention is focused on the DRE audit and the possible penalties for violation of the California Real Estate Law and the Commissioner's Regulations relating to trust funds.
Finally, the student is presented with a series of trust fund transactions in the form of a case study. The case study outlines the various steps in properly recording the trust fund transactions and demonstrates how the transactions are entered on DRE columnar system forms. Once a student has completed this course, a working knowledge of trust fund handling and record keeping requirements will assist the student in staying in compliance with the California trust funds laws.
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.
The course contains 3 hours of reading material. The course is divided into several segments with review quizzes at the end of each segment.
At the end of the course, a final examination is required. The final examination consists of 15 multiple choice questions. A test score of 70% or greater is required for course completion. The final examination is not downloadable or printable.
The final exam has a time limit of one minute per question served, for a total of 15 minutes available for the final exam as required by current California Bureau of Real Estate regulations.
DRE requirements allow for ONE re-take of a failed final exam. A second failure will result in a failing score for the entire course and it must be purchased again for credit.
The content of the course is written by Sorg & Spaan, LLC, copyright 2005-2018, and published as "Trust Funds" by OnlineEd, Inc.
This course provides 3 hours of continuing education in the category of Trust Funds.
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.
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.
This course has no prerequisites.
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 that are expressed by the course sponsor, instructor, authors or lecturers.
The California Deprtment 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.calbre.ca.gov/files/pdf/forms/re318a.pdf.
To provide superior distance education that exceeds industry standards and expectations in course content and delivery methods to those who seek to enter a new profession and those engaged in a profession.