General Information Page – Trust FundsThis course is sponsored by 360training.com, Inc.13801 Burnet Road, Austin, TX 78727(888) 360-8764 "DRE Sponsor ID#4350"When a student selects a course from the online course catalog, the following information is presented to them in a pop-up window.This course is approved for continuing education credit by the California Department of Real Estate. However, this approval does not constitute an endorsement of the views or opinions which are expressed by the course sponsor, instructor, authors, or lecturers.Course Title: Trust FundsCourse Author: 360training.com, IncCourse description: Real estate licensees routinely receive personal checks, cash, and other items of value from the public in the normal course of doing business. They receive these items, which are referred to as trust funds, on behalf of others. The licensee owes a fiduciary duty to handle, control, and account for trust funds properly. This course covers broad issues on standards, regulations and forms related to Trust Funds. Further, it puts more emphasis on the legal requirements for receiving and handling trust funds in real estate transactions.Cost: $15.00Hours of Continuing Education Credit: 3 hoursMethod of Presentation: This course is delivered entirely through the internet, including the final exam. No printed materials are provided.Course Offering Category: Trust Fund HandlingCourse Completion Time Limits: You have three months from date of purchase to complete this course.Refund Policy: All tuition and fees paid for the course are due and refundable when: (a) the course of instruction is discontinued by the school, preventing a student from completing the course; OR (b) the enrollment of student was procured as a result of any misrepresentation in advertising, promotion materials of the school, or representation made by an owner or employee of the school. All refunds will be completed within 30 days after the effective date of enrollment termination.Validation Requirements: Our authentication system incorporates a mechanism for preventing fraud by ensuring that the student registered for the course is actually engaged in the course material. During course enrollment, students create a personal registration profile by entering personal information on a secure page so that the provider may process certification. The required information is sensitive in nature and may include SSN, driver’s license number, address, and form of payment. During registration, the system also prompts the user for additional personal validation information used during the course: "What are the last four digits of your SSN?" / "How many doors does your vehicle have?" / "How did you renew your driver’s license last?" / etc. Randomly, the user is prompted with a personal validation question at several points during the course; these questions are based on the answers provided by the student during registration. Additionally, the questions are timed and must be answered correctly in order for the trainee to proceed with the course. If the question supplied is incorrect, the course is temporarily suspended and the trainee is prompted to call the provider to explain why they failed validation. Their information is verified by a trainer who can then remotely unlock the course to allow the student to proceed with the coursework. If this personal information is not verified, the provider will suspend the student from any further access, refund any tuition payments collected and take the appropriate administrative enforcement actions. This validation sequence is enforced randomly on multiple occasions upon entering, taking and exiting the course. Testing Requirements: At the end of each lesson there will be a short quiz of 10 multiple choice questions. You must pass this quiz with a 70% or better in order to move forward with the course. The quiz will be automatically graded as you complete it. Failure to pass the quiz with 70% will result in repeating the lesson.For the final exam, the student will have 30 minutes (1 minute for each multiple choice question) to complete the thirty (30) multiple choice, closed-book final and will need to score 70% or better in order to pass. The student will not be able to print or download the exam. After the 30 minutes have passed the student will automatically be logged out of the final.Please note that the student will only have one chance to take the final exam.*The DRE has an online course and instructor evaluation form located on the DRE website at www.dre.ca.gov.
- Course Delivery Online Interactive
- Credit Hours 3 hours
- Credit Type Trust Funds
- Skill level All levels
- Language English
- Maximum students 1000
Upon completion of this course, the student will be able to:- Be familiar with the basic concepts of asset management- Be familiar with the common decisions faced by an asset manager- Know what a Real Estate Investment Trust (REIT) is and the benefits of investing in one- Understand the risks and rewards associated with real estate investment- Know how to conduct a useful market study- Understand how interest rates affect the real estate market- Be able to calculate the depreciation of residential and commercial real property held for business or investment- Be familiar with the financial ratio methods of valuation, including Price to Earnings Ratios and Cap Rates- Know how to create a pro forma projection for a real estate investment alternative- Know the basics of a Discounted Cash Flow (DCF) analysis- Know how to use the Net Present Value (NPV) and Internal Rate of Return (IRR) to compare the values of several alternatives- Be familiar with distressed properties and how to handle them- Know the important factors to consider when refinancing- Be able to apply these concepts in the real world