DRE Sponsor No. 0473 & S0110
NMLS Course Provider No. 1400986

Pkg # 203 Buying Homes in Foreclosure & Creating Carryback Financing

Welcome to Buying Homes in Foreclosure &
Creating Carryback Financing course content page

You are viewing this page for the course content for our 45hr package #603
This course covers sellers carrybacks and CA equity purchase deals, with the seven DRE mandated BO-AFTER™ courses as described below
Your order may be placed by clicking an order button after you have scrolled through the course descriptions

25 hours of Consumer Protection

Buying Homes in Foreclosure

Realty Publications, Inc.
Legal Edit 2014

Read then enroll

Buying Homes in Foreclosure

Gain complete knowledge of the statutory scheme governing home sales transactions between sellers-in-foreclosure and equity purchase (EP) investors
Buying Homes in Foreclosure covers all the unique EP concepts when negotiating the sale of an owner-occupied residence in foreclosure, including guidelines and time frames for an equity purchase investor, property analysis, title conditions, loan assumptions, escrows and short sales
On completion of this study, agents and EP investors will be prepared to handle all aspects of the sale and acquisition of owner-occupied, one-to-four unit residential property in foreclosure

104 Creating Carryback Financing

Realty Publications Inc.
Legal Edit 2016

Read then enroll

Creating Carryback Financing

Creating Carryback Financing equips California brokers, agents, buyers and sellers in carryback financing transactions with the knowledge to efficiently structure seller financing agreements, advise on their financial risks and rewards while complying with the latest laws and regulations
This book includes up-to-date, in-depth analyses of carryback financing basics, notes and their provisions, trust deeds, sophisticated carryback arrangements and tax aspects of carryback paper

20 hours of Implicit Bias, Office Management & Supervision, Agency, Fair Housing, Trust Funds, Ethics and Risk Management (BO-AFTER)

Office Management and Supervision Implicit Bias, Office Management & Supervision, Agency, Fair Housing, Trust Funds, Ethics and Risk Management

Realty Publications, Inc.
Legal Edit 2022

Read then enroll

Implicit Bias

Federal and state fair housing law in the context of explicit and implicit bias
The wealth and homeownership gap between white, Black and Latinx households, and how it is perpetuated by discriminatory lending and real estate practices

Office Management & Supervision

A critical analysis of how real estate brokers are to establish policies, rules and procedures for managing their offices and limit their exposure to risk
Also covered is the tracking of agent activities, records, funds and reports, as well as the appointment and supervision of an office manager, and implementing a successful marketing strategy

Agency

Agency and representation are synonymous in real estate transactions
Learn how a broker, by accepting employment from a client, undertakes the task of aggressively using due diligence to represent the client - to meet the client's purpose for retaining the broker

Fair Housing

Fair Housing focuses on the federal and state housing laws which relate to the sale and rental of property, such as prohibitions against redlining, discriminatory advertising, refusing to show properties and blockbusting
Includes Access for All: A Fair Housing Game™ blending video, animation, text, and voice in an engaging interactive experience that puts you directly into the shoes of transaction participants

Trust Funds

Trust Funds covers the management and accounting of trust funds belonging to others which a broker handles in the course of their business

Ethics

A review of the procedures for maintaining professional standards in all real estate transactions to ensure truthful and reputable conduct by real estate licensees
Topics include how to disclose a conflict of interest, the proper handling of a counteroffer form, property disclosures, the accurate representation of mortgage terms and prohibited practices, such as use of kickbacks, price fixing and restricted MLS access
Our Ethics course meets and exceeds the CAR/NAR Code of Ethics requirement because it is approved by the California DRE

Risk Management

Recognize, handle and effectively resolve the risk of liability inherent in the practice of real estate related activities
The correct use of forms to make disclosures and present analyses is crucial to avoid the errors and omissions which place liability on the broker and their agents

Select one of our 45hr CE Package

Each of our ten 45-hour CE packages include the DRE mandated

20 BO-AFTER hours comprising Implicit Bias, Office Management, Agency, Fair Housing, Trust Funds, Ethics and Risk Management, and
25 Hours of Consumer Protection

Select your reading method

Complete as soon as six days by selecting printed and e-book or just e-book (without timer)
Or complete within 3 days by selecting online-timed e-book requiring 45 hours of reading
After enrolling, you may switch to a different course or upgrade from e-book to printed book for a fee of $17.50

Education and Licensing Preamble

To proceed, please cursor over these links to set your study expectations

Testing Procedures

tabular breakdown of the 190 test questions for a 45 hour renewal course. 200 quiz questions. 9 individual tests

STEP 1: Your course outline

Your 45-hour continuing education package is divided into 3 sections. Each section has its own quizzes and exam(s). To complete your 45 hours, follow your personalized course outline online.

STEP 2: Your minimum study time before taking exams

On enrollment, your course reading materials are immediately available online. You may complete your course in as little as 6 days, unless you are enrolled in the 45-hour online-timed course (104). You may test on no more than 15 credit hours of continuing education during a 24-hour period.

STEP 3: Take the quizzes

Quizzes are mandatory and available online immediately after enrollment. Quizzes are not timed and there is no minimum passing score. you have unlimited quiz attempts. Quizzes are taken online by clicking on "Take Quiz" link in your course outline. Feedback on your quiz performance and quiz answers are provided after you complete each quiz.

STEP 4: Take the final exams

Before reviewing any course material online, DRE requires you to acknowledge, under penalty of perjury, that you are the person enrolled, and you will be the only person to complete the course.

You must pass all exams with a score of 70% to receive 45 hours of continuing education credit. Exams are multiple choice and open book. The exam(s) for each section become available only after you've met the minimum study time and taken the quizzes for that section. You may only test on 15 hours of continuing education (one section) per 24-hour period. Sections must be completed in sequential order. The maximum time allowed per exam is equal to 1 minute per question. Exams are available online by clicking on the "Take Exam" link in your course outline. Online exams are graded instantly upon completion.

When you fail any exam, a backup exam is immediately available online. If you also fail the backup exam, the section automatically resets requiring you to repeat the study and exam process. For Sections 1, 2 and 3 resets, you retake the quizzes and wait the minimum study time before receiving 2 more attempts to pass the section exam.

Minimum study times for reset sections vary;

two days when you fail Section 1 or 2 exams;
four days when you fail both sections 1 and 2 exams; and
for Section 3, you wait 3 hours per failed exam.

You incur no charge for retakes on resets during your 1-year enrollment.

NOTICE: Students enrolled in 45 hour CE packages other than #203 and 702, have their scores for exams on Sections 1 and 2 averaged. When your averaged score is less than 70%, both Sections 1 and 2 reset.

45-Hr Course Preview

Student testimonials

I liked the videos, for me it was a better way of studying and picked up on things I either forgot or did not know.

Brian G.
DRE Broker
on Package #1001

This was painless. It was helpful. The course work was right on target. This is pure perfection.

real estate agent Greg Doud, former student of firsttuesday courses

Greg D.
DRE Broker
on Package #901

The course was relevant to today's real estate market. It helped explain the practice and laws in real time.

Theresa H.
DRE Sales Agent
on Package #901

Very professional overall. The website and licensing course materials are very well organized and easy to navigate.

Gary G.
DRE Broker
on Package #901

I was able to learn a new concept that makes me more marketable in my profession.

David M.
DRE Sales Agent
on Package #405

When I had questions, the first tuesday representatives were courteous and professional. Excellent customer service.

Lynne W.
DRE Broker
on Package #901

I felt like the material was well organized and easy to use.

Julianne S.
DRE Sales Agent
on Package #603

Pkg # 203 Buying Homes in Foreclosure & Creating Carryback Financing

25 hours of Consumer Protection

20 hours of Implicit Bias, Office Management & Supervision, Agency, Fair Housing, Trust Funds, Ethics and Risk Management (BO-AFTER)

Select one of our 45hr CE Package

Select your reading method

Education and Licensing Preamble

45-Hr Course Preview

Student testimonials

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Pkg # 203 Buying Homes in Foreclosure & Creating Carryback Financing

25 hours of Consumer Protection

20 hours of Implicit Bias, Office Management & Supervision, Agency, Fair Housing, Trust Funds, Ethics and Risk Management (BO-AFTER)

Select one of our 45hr CE Package

Select your reading method

Education and Licensing Preamble

STEP 1: Your course outline

STEP 2: Your minimum study time before taking exams

STEP 3: Take the quizzes

STEP 4: Take the final exams

STEP 1: Your course outline

STEP 2: Watch and read the materials and meet your minimum study time

STEP 3: Take the quizzes

STEP 4: Take the final exams

45-Hr Course Preview

Student testimonials

Share firsttuesday with a Friend

Translate This Page