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CA-Real-Estate test Format | CA-Real-Estate Course Contents | CA-Real-Estate Course silhouette | CA-Real-Estate test Syllabus | CA-Real-Estate test Objectives

Appropriate knowledge of the English language, including reading, writing, and spelling; and of arithmetical computations common to real estate and traffic opportunity practices.
An understanding of the principles of real estate and traffic opportunity conveyancing; the general purposes and general legal result of agency contracts, deposit receipts, deeds, deeds of trust, chattel mortgages, bills of sale, mortgages, land contracts of sale, and leases; and of the principles of business, land economics and appraisals.
A general and objective understanding of the obligations between principal and agent; the principles of real estate and traffic opportunity transactions, and the code of traffic ethics pertaining thereto; as well as of the provisions of the law relating to real estate as administered by the real Estate Commissioner.

- Classes of Property
- Property Characteristics
- Encumbrances
- Types of Ownership
- Descriptions of Property
- Government Rights in Land
- Public Controls
- Environmental Hazards and Regulations
- Private Controls
- Water Rights
- Special Categories of Land

- Law, Definition and Nature of Agency Relationships, Types of Agencies, and Agents
- Creation of Agency and Agency Agreements
- Responsibilities of Agent to Seller/Buyer as Principal
- Disclosure of Agency
- Disclosure of Acting as Principal or Other Interest
- Termination of Agency
- Commission and Fees
- Responsibilities of Agent to Non-Client Third Parties

- Value
- Methods of Estimating Value
- fiscal Analysis

- general Concepts
- Types of Loans
- Sources of Financing
- Government Programs
- Mortgages/Deeds of Trust/Notes
- Financing/Credit Laws
- Loan Brokerage
- Types of Loan Originators

- Title Insurance
- Deeds
- Escrow
- Tax Aspects
- Special Processes
- Transfer through Court Supervision
- Types of Vesting

- trust Account Management
- objective Housing Laws
- verity in Advertising
- Record Keeping Requirements
- Agency Supervision
- Permitted Activities of Unlicensed Sales Assistants
- DRE Jurisdiction and Disciplinary Actions
- Licensing, and Continuing Education Requirements and Procedures
- California real Estate Recovery Fund
- general Ethics
- Technology
- Property Management
- Commercial/Industrial/Income Properties
- Specialty Areas
- Transfer Disclosure Statement
- Natural Hazard Disclosure Statements
- Disclosure of Material Facts Affecting Property Value
- requisite for Inspection and Obtaining/Verifying Information
- Reports
- Servicing Diverse Populations

- General
- Listing Agreements
- Buyer Broker Agreements
- Offers/Purchase Contracts
- Agreements
- Promissory Notes/Securities
- Purchase/Lease Options
- Advanced Fee

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Real-Estate Latest Questions

San Diego genuine property deals carry questions about property values, disclosures | CA-Real-Estate rehearse Test and Study Guide

In 2017, the city of San Diego entered a 20 year lease-to-own agreement on the  ragged Sempra Energy headquarters at 101 Ash Street, here on May 13, 2020, in San Diego. © Sam Hodgson/San Diego Union-Tribune/TNS In 2017, the metropolis of San Diego entered a 20 yr hire-to-personal shrink on the historical Sempra energy headquarters at one zero one Ash street, right here on might moreover 13, 2020, in San Diego.

SAN DIEGO — in the early days of 2017, as a brand new president turned into set to pick workplace and the U.S. inventory market began a historic upward thrust that might simplest be felled years later by means of a lethal virus, San Diego Mayor Kevin Faulconer went suitable estate shopping.

He and his team of workers reached a 20-12 months lease-to-personal deal for the longtime headquarters of Sempra power, probably the most region’s two Fortune 500 agencies.

Two months later, at Faulconer’s request, the city Council agreed to rent property in Kearny Mesa, the location officers planned to open a second preservation yard strictly for the city’s fleet of firetrucks.

with the aid of mid-2017, the mayor and his real property assets department director were backing the buy of a low-appoint lodge in Nestor. The theory there turned into to circulation in ratings of petty criminals with a heritage of drug exercise to maintain them off the highway.

And in early 2018, the city paid $7 million for a shuttered indoor skydiving middle to aid steer homeless people into housing and other public functions.

regardless of lofty ambitions, no one of the projects came off as deliberate.

as a substitute, they were delayed by planning missteps, cost overruns, asbestos violations, litigation or various different setbacks.

The issues introduced tens of tens of millions of greenbacks to the venture costs and sparked a pair of complaints. They moreover raised questions concerning the city’s skill to maneuver the precise property belongings it already owned — and new investments the mayor is now on the grounds that.

“For so long as i can remember, the metropolis’s genuine property property branch has had its share of problems,” observed Donna Frye, an activist-turned-baby-kisser who served 9 years on the metropolis Council.

“no matter if it's hubris and their credence that they're the best individuals within the play or easily because they don’t requisite to be inconvenienced by passage of following a public technique is challenging to grasp,” Frye referred to.

In a document issued in February, impartial finances Analyst Andrea Tevlin referred to several fresh acquisitions that ran into staid unexpected considerations that had been consequently kept from the metropolis Council.

“These issues gain covered tremendous stint delays, cost increases, operational affects, confusion among metropolis purchasers and suspicion for city employees,” Tevlin wrote to Chief operating Officer Kris Michell.

The Mayor’s office declined to reply to specific questions about the initiatives or to aver even if Faulconer retains replete self credence in his real estate assets chief, Cybele Thompson.

“every of those transactions went through an intensive vetting procedure and gain been ultimately accepted via a majority of the metropolis Council,” spokesman Craig Gustafson spoke of in an emailed commentary. “The Mayor doesn’t gain the authority to act with out city Council approval on actual-property transactions.”

Gustafson emphasised the mayor’s efforts are to enhance the excellent of existence for sum San Diegans.

“even if inspired by means of saving taxpayers cash, enhancing local capabilities or getting individuals off the road, the mayor and metropolis Council pursued these suitable estate transactions to address some of San Diego’s most vital needs,” he said.

huge portfolioThe suitable estate belongings department manages the metropolis’s extensive portfolio of residences, together with a total lot of parks, libraries, police and fireplace stations, along with frequent workplace house for heaps of white-collar laborers.

In all, San Diego owns some 1,600 properties on 123,000 acres.

The department additionally directs operations at the Sir Bernard Law box and Brown domain airports as neatly as the city-owned Petco Park and San Diego County credit Union ballparks.

The department additionally manages leases for lodges, restaurants, nonprofit museums and other agencies that conduct company on city-owned genuine estate.

based on the latest metropolis finances, suitable property assets raises above sum more in income than it spends annually — its No. 1 aim.

“Maximize income and basic improvement of the metropolis’s precise estate assets,” the spending blueprint states.

The 2019-20 metropolis expense scope indicates greater than $sixty five million in income in opposition t about $35 million in complete spending.

ultimate 12 months the branch missed sum 5 of the captious thing performance symptoms established in the birth of the 2019 fiscal 12 months.

It additionally sought to evaluate 50 metropolis houses for competencies sale but completed analyses on 31 homes. The goal this 12 months was reduced to 25.

real estate property barely missed other key efficiency goals. as an example, it accomplished 87% of hire reports on time towards a target of ninety p.c.

The city signed its shrink to buy the former Sempra headquarters on Ash road in January 2017. The words “AS IS” gain been printed in the core of the primary page in capital letters.

When it first sought council leave to purchase the 19-story high-upward thrust the prior October, the Mayor’s office planned to circulate a total lot of employees into the constructing the following July. That’s now not what came about.

It took the metropolis until December 2019 — and an further $30 million for unscheduled renovations — to formally occupy the property.

however the workplace tower was evacuated a month later, days after The San Diego Union-Tribune stated that laborers were moved into the building despite ongoing asbestos violations.

precise property assets said it conducted usurp due diligence earlier than signing an settlement to acquire the property “as is” — including preservation and asbestos records dating back to the 1990s.

In 2014, Sempra offered sworn testimony to situation regulators that the Ash highway constructing essential up to $15 million in seismic retrofitting drudgery and $25 million in asbestos remediation.

Gustafson declined to aver if the Mayor’s office examine the testimony earlier than getting into the lease, but he did pronounce in an e-mail that the building was in usable situation.

Richard ok. eco-friendly, director of the tuition of Southern California Lusk middle for suitable property, spoke of any investor should quiet ingredient remediation and other enhancements into the universal can suffuse of an getting older property.

“in case you’re buying a 1960s-period excessive-upward thrust in San Diego, your default position should be that it has asbestos in it and it doesn’t gain usurp seismic traits,” he spoke of. “you may should investigate on both.”

Sempra relocated its headquarters to a glowing new complicated referred to as Cisterra Tower.

Sandor Shapery, the majority owner of the Ash highway building, became scrambling for a new tenant and approached city corridor concerning the city poignant into the vacant constructing. but San Diego officials pointed out he wanted too tons for the constructing.

Shapery’s minority companion cashed out, agreeing to sell his forty nine% stake to developer Doug Manchester for $20 million.

Cisterra development, the traffic that constructed and owns Sempra’s new workplaces, reached a cope with Shapery in June 2016 to once again market the property to city officers.

phrases of the rent-to-own settlement were practically identical to the city’s 2015 shrink for the Civic center Plaza, additionally negotiated by using Cisterra.

The Mayor’s workplace instructed the council in 2016 that the only instant drudgery the Sempra constructing mandatory turned into a $10,000 vigour scrub. The transaction closed on Jan. 3, 2017.

Shapery observed he wrote Manchester a check for $25 million the equal day.

“there gain been no home runs here,” he mentioned in a cell interview.

Manchester, a politically energetic Republican party donor who has contributed tens of heaps of bucks to Faulconer and his motives, celebrated most of his gains gain been eaten up by using consultants and other expenses.

The city is paying basically $18,000 a day to lease the vacant property.

The Mayor’s workplace has offered no timetable for poignant into the constructing.

Two months after the metropolis signed the Ash road purchase, the Mayor’s office requested the council to accredit an extended-term lease for a warehouse on Othello Avenue in Kearny Mesa.

The concept become to carrier San Diego fireplace-Rescue trucks there so they would no longer should share space with trash vehicles and different vehicles on the Miramar facility. precise property belongings told the council the ten-year, $10.5 million investment might reclaim lives.

“The capability to come by to the bottom of fire fleet’s considerations in a timelier fashion has the skills to avert requisite of existence and property,” the report pointed out.

Three years later, the metropolis has yet to service any firetrucks at the leased Kearny Mesa property.

The assignment’s new birth-up date is in 2022.

additionally in 2017, as a hepatitis A outbreak became devastating the San Diego homeless population, the Mayor’s office introduced forward a blueprint to purchase an aging hotel on Palm Avenue simply east of Imperial seashore.

The purchase and renovations came to $13 million, but the stint has yet to serve any customers as a result of opponents alleged in a lawsuit that the city obligatory a situation allow.

“The Palm Avenue challenge would were on track to open its doors if it hadn’t been for litigation that was ultimately brushed aside,” referred to Gustafson, the mayor’s spokesman.

In early 2018, real estate belongings requested the council to accredit the buy of a former indoor skydiving facility in East Village for $7 million — devoid of an unbiased appraisal.

The Mayor’s workplace observed the constructing would become a “housing navigation core,” where homeless individuals may well be interviewed and enrolled into housing and other public classes.

It relied on a 2016 appraisal written as a brand new stadium for the Chargers become being considered downtown. That doc placed the property expense at $22 million, together with $11 million value of furniture and different machine.

real estate belongings additionally stated a broking service’s opinion from 2017 pegging the property cost at $15 million.

William Sannwald, a former senior San Diego city reliable, said there is no question that precise property assets may quiet gain secured its personal appraisal.

“i will’t accept as suitable with they didn't,” celebrated Sannwald, who is now a administration professor at San Diego situation institution. “There should be rules and instructions that departments concerned with suitable estate acquisition should follow, and i wager there are and they had been now not adopted.”

The transaction, which is beneath evaluation via federal housing officials, benefited financier and former San Diego port commissioner David Malcolm, who had secured his loans to the developer of the failed skydiving core with title to the property.

A pair of precise property consultants instructed the Union-Tribune in 2018 that the property was expense below half of its $7 million rate tag — in fact just the land — since the building is what’s referred to as a single-use property.

Two gigantic wind tunnels dominate the interior of the three-story complex.

The city of San Diego’s suitable estate tasks and ambitions are pushing ahead — and the stakes, as at sum times, are excessive.

real estate belongings’ acquisition division is at sum times juggling 100-plus projects to at ease new parks, pump stations and flood-handle efforts, or effortlessly add to the city’s open areas.

The personnel analyses are captious because the findings and valuations set with the aid of suitable estate property gain an result on the metropolis’s basis line by means of thousands and thousands of greenbacks. on the equal time, the metropolis is confronting a earnings shortfall estimated at $350 million due to the coronavirus pandemic.

one of the greatest genuine property offers San Diego has ever proposed is being negotiated now between the Mayor’s office and San Diego situation school. The parties gain tentatively accepted the sale of a hundred thirty five acres at the San Diego County credit Union Stadium for practically $88 million.

Councilwoman Vivian Moreno pointed out she issues that penniless performances with the aid of the precise estate assets department might chip away at the city’s capacity to bring core capabilities.

In latest months, she publicly refused to serve a nearly $1 million lease amendment to the Othello Avenue protection yard undertaking, and he or she demanded the metropolis develop an “exit strategy” for the Ash highway transaction.

“Being requested to develop deep cuts to front-line functions that deeply influence their community while spending tens of millions of bucks on injurious suitable property deals isn't whatever I support,” she delivered.

certainly one of Faulconer’s latest fronts in his continuing battle in opposition t homelessness is a view to purchase as much as 10 inns and inns to function long-time period housing for needy individuals.

The initiative is being directed through the San Diego Housing fee, now not real property belongings.

At a different meeting remaining month, following practically ninety minutes of closed-session dialogue, commissioners voted unanimously to direct body of workers to open negotiations on the properties. earlier this month, the commission determined not to pursue the acquisitions.


©2020 The San Diego Union-Tribune

visit The San Diego Union-Tribune at

distributed by Tribune content company, LLC.

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Qlik [2 Certification Exam(s) ]
QlikView [2 Certification Exam(s) ]
Quality-Assurance [6 Certification Exam(s) ]
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Salesforce [10 Certification Exam(s) ]
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SASInstitute [15 Certification Exam(s) ]
SAT [2 Certification Exam(s) ]
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SDI [3 Certification Exam(s) ]
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