Acaydia School of Aesthetics LLC Areas of Knowledge Discussion

ACTIVITY: Term Paper Part 6 (Areas of Knowledge)

This is a real estate class for california . You are a a real estate student you will need the reflections and powerpoint. Attached are reflections and powerpoints

For this assignment, you will write 8 paragraphs, one from EACH AREA covered by the real estate licensing exam, plus an introductory overview paragraph. Simply type your information into the text box here. However, please SAVE a copy of your assignment to a Microsoft Word document or google doc. You will need a copy of it later for your term paper, “My Plan to Pass the Real Estate Exam.” Scroll down for an EXAMPLE paragraph in red text.

Instructions

Begin with your name, date, and class number at the top.

• Write a 1 paragraph overview, summarizing what you learned in this class. It must be 5 sentences. I recommend writing this AFTER you write each of your 7 areas (below).
• Write 7 paragraphs describing what you learned about EACH of the 7 “Areas” of the Real Estate Exam. Each paragraph must be 5 sentences long.
• In each paragraph, describe what you learned in the textbook regarding one of these topics below.
• Include at least ONE textbook citation with the page number in each paragraph. The source can be quoted (use quotation marks if it is word-for-word) or paraphrased (re-stated in your own words), but must include the textbook page number.
• You may copy and paste from your Reflection Summaries, and add more content as needed to meet the 5 sentences required for each area.
• You must include headings for each paragraph or section; for example: Area 1 — Property Ownership and Land Use Controls and Regulations

Select from the following topics, which comprise the 7 areas of the real estate exam. You may re-use your Reflection Summary paragraphs from the appropriate chapters as noted. Use complete sentences (do not use bullet points). Areas of Knowledge 1 – 7 (see below) – ONE paragraph per Area – must use one textbook citation per paragraph. You may incorporate your Reflection Summaries into each area as appropriate, by chapter. In each sentence, insert actual knowledge you gained from the textbook.

CITATIONS

To insert citations with the textbook page number, it must follow this format: (<insert last name(s) of textbook author(s)>, <insert year textbook was published>, <insert page numbers>). If there are multiple pages, notice the formatting includes two p’s. Here are examples:

• (Huber, 2019, p. 34)
• (Huber, 2019, pp. 34-35)

Be sure to insert a period AFTER the citation, if it is at the end of a sentence. Here’s an example of paraphrasing:

• There are four types of public government controls that affect property values (Huber, 2019, p. 34).

Remember to insert quotation marks if you are quoting word-for-word (verbatim) with the exact same words as the textbook author. Also, insert a comma before the ending quote mark. For example:

• “A listing agreement usually authorizes the principal’s agent to use cooperating brokers,” (Huber, 2019, p. 23).

Check out the Purdue OWL APA guide to learn more about citations: https://owl.purdue.edu/owl/research_and_citation/apa_style/apa_formatting_and_style_guide/in_text_citations_the_basics.html (Links to an external site.)

TEMPLATE:

<Student Name>

<Today’s Date>

<Class>

<Textbook>

Areas of Knowledge

Write a 1-paragraph summary of this section. In 3 to 5 sentences, summarize what you have learned in this class, touching on several of the key points below. TIP: Write this paragraph AFTER you write the 7 Areas shown below.

Area 1 — Property Ownership and Land Use Controls and Regulations

(Approximately 15% of sales exam)

INSERT FIVE SENTENCES FROM YOUR CHAPTERS 1, 2, or 3 REFLECTION SUMMARIES.

• • 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

Area 2 — Laws of Agency and Fiduciary Duties

(Approximately 17% of sales exam)

INSERT FIVE SENTENCES FROM YOUR CHAPTERS 4 & 5 REFLECTION SUMMARIES.

• • 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

Area 3 — Property Valuation and Financial Analysis

(Approximately 14% of sales exam)

INSERT FIVE SENTENCES FROM YOUR CHAPTERS 11 & 12 REFLECTION SUMMARIES.

• • Value
  • Methods of Estimating Value
  • Financial Analysis

Area 4 — Financing

(Approximately 9% of sales exam)

INSERT FIVE SENTENCES FROM YOUR CHAPTERS 9 & 10 REFLECTION SUMMARIES.

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

Area 5 — Transfer of Property

(Approximately 8% of sales exam)

INSERT FIVE SENTENCES FROM YOUR CHAPTER 8 REFLECTION SUMMARY.

• • Title Insurance
  • Deeds
  • Escrow
  • Tax Aspects
  • Special Processes
  • Transfer Through Court Supervision
  • Types of Vesting

Area 6 — Practice of Real Estate and Disclosures

(Approximately 25% of sales exam)

INSERT FIVE SENTENCES FROM YOUR CHAPTERS 5 & 7 REFLECTION SUMMARIES.

• • Trust Account Management
  • Fair Housing Laws
  • Truth 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
  • Need for Inspection and Obtaining/Verifying Information
  • Reports
  • Servicing Diverse Populations

Area 7 — Contracts

(Approximately 12% of sales exam)

INSERT FIVE SENTENCES FROM YOUR CHAPTER 6 REFLECTION SUMMARY.

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

EXAMPLE

Following is an example of the paragraph for Area 1. DO NOT COPY this paragraph. This model is for only for demonstration purposes of the structure. Do not use red font when submitting.

Ima Student January 1, 2022 BRE-100 Real Estate Principles by Huber Areas of Knowledge This section summarizes the seven areas of knowledge that will be on the real estate exam. When I take the California State Department of Real Estate (DRE) exam, I will be prepared to pass each of the seven areas. This includes topics such as: ownership types, descriptions of property, deeds, contracts, and property management. Area 1 — Property Ownership and Land Use Controls and Regulations This first area of the real estate exam covers property ownership, as well as land use controls and regulations. Real property is legally defined with four criteria: “land, anything permanently attached or affixed to the land, anything incidental or appurtenant to the land, and anything immovable by law,” (Huber, 2019, p. 10). Besides the physical land, real estate ownership may include four other types of rights: airspace rights, mineral rights, riparian rights, and littoral rights (Huber, 2019, pp. 9-10). Both riparian rights and littoral rights involve water. The difference is that riparian refers to flowing water, such as a river, whereas littoral refers to standing water, such as a lake. Area 2 – Laws of Agency and Fiduciary Duties The second area… … etc.