Contracts in General (Going Digital)
A. A Contract is an agreement to do or not to do a certain act of service. Consists of a
promise or a set of promises that are enforceable by law.
1. An Express Contract describes a contract that is expressed in wor
Encumbrances - An Overview
A. An encumbrance is a right or interest in real property other than an ownership or
tenancy interest. Burden to property that limits its use and may lessen value.
1. 2 main types are
a) Liens and Items that affect the ph
Agency - An Overview
A. Agent, Principal, and Third Party
a) Agency is the authority (or power) to act in place of another, a principal
(person who hires), to do a specified act for a stated period of time.
(1) Relationship b/w seller, broker
Escrows in General
The purpose of an escrow is to ensure that the terms of the transactions are met.
An Escrow is created when a separate written agreement instructs a neutral 3rd party to
hold funds and only proceed when all the agreed to conditions
Landlord and Tenant - An Overview
A. Landlord (Lessor) is the owner of the property being rented or leased.
1. In a landlord/tenant situation, the lessor is the owner of the property (could be
B. Tenant (Lessee) is the person or persons
Chapter 1 - Introduction to Real Estate
Californias Real Estate Market
A. CALIFORNIA BUREAU OF REAL ESTATE (CalBRE)
1. CA real estate licensing laws are regulated by the California Bureau of Real
Estate (CalBRE) which is headed by the Real Estate C
One of the worst financial crisis in recent history was caused by lax loan standards.
To utilize the principle of leverage, an investor would use the maximum amount of borrowed money.
Leverage is the practice of purchasing RE using a small amount of your
Chapter 2 - Estates, Transfers, and Titles
A. ESTATES (Ownership Interest in Land)
1. An ESTATE is an interest, share, right, or equity in real estate that varies from the
minimal right of a renter to the maximum right of a full owner