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The California Transaction Process and Timing
California Trust Accounts
Trust Fund Overview
Course Resource Overview
Welcome to California Trust Fund Handling – Course Orientation
Connect Classroom has created course content, which encourages ongoing conversations. You will enjoy learning from expert provided content on topics relevant to your work. Mission Statement Connect Commercial Real Estate is a commercial real estate marketing agency, as well as a provider of news, events and continuing education, with a client and community-centric approach. Our goal […]
California Trust Fund Handling
From ancient Mesopotamia to present day California, the process of properly transferring funds has been and is the foundation of real estate transactions. As a real estate professional, you act as the trusted intermediary, handling funds from one party to another as part of the transaction. These funds, known as trust funds, come in a […]
Identity Verification Live
Congratulations! You have successfully completed all the lessons in this course. To proceed to the final exam, please verify your identity by entering your State Recognized ID number from a government-issued ID, such as your Driver’s License or Identification Card.
Lesson
Identity Verification Live
Congratulations! You have successfully completed all the lessons in this course. To proceed to the final exam, please verify your identity by entering your State Recognized ID number from a government-issued ID, such as your Driver’s License or Identification Card.
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Dual Agency: Navigating and Balancing the Complexities with Fiduciary Care
In the event that a dual agency scenario emerges, it becomes essential to openly communicate this arrangement to all involved parties and acquire their prior written consent for engaging in dual agency. When operating as a dual agent, it becomes incumbent upon you to maintain an impartial and equitable stance when dealing with both the […]
California’s Fiduciary Duties and Agency Law
At the core of the real estate industry lies the concept of agency, signifying a consensual arrangement where a broker empowers an agent to act on their behalf when engaging with a third party. The real estate licensee will often encounter the concept of “fiduciary duties,” which entails conducting himself/herself in a manner that upholds […]
Risk vs. Reward: Thoughtful Balance is Required
Risk management involves the careful assessment of potential rewards against potential losses. Within the real estate sector, some individuals focus solely on the potential gains without accounting for legal considerations, business ethics, or the welfare of their clients. When the balance between risk and reward becomes disrupted, certain agents may turn to engaging in fraudulent […]
Disclosure of California Stigmatized and As Is Properties
Stigmatized Properties: Unconventional Property Histories According to the National Association of REALTORS®, a stigmatized property is defined as “a property that has been psychologically impacted by an event which occurred, or was supposed to have occurred, on the property, such event being one that has no physical impact of any kind.” Several instances of stigmatized […]
Risk Awareness and Environmental Hazards
Understanding and properly disclosing potential hazards (e.g., ecological threats or health risks) within a property is paramount for both sellers and real estate professionals. This responsibility is fundamental in real estate transactions, as it holds significant implications for both buyers and sellers. Below are specific disclosures that play a crucial role in ensuring the safety […]
Navigating Risk in California: The Inspection Advantage
Utilizing Inspections for Effective Risk Management Risk management means using expert knowledge and shifting responsibility to those who are knowledgeable in that area. More legal actions are initiated by home buyers due to property conditions during purchase compared to any other cause. A significant reduction in your legal exposure can be achieved by urging buyers […]