101PD

Salesperson · 45 hours

California Real Estate Finance — California Prelicensing, 45 hours

California Real Estate Finance covers the DRE statutory Finance curriculum, instruments, lending, and calculations. Delivery, credential, and regulatory-credit eligibility are stated on the course page.

Professional training or exam-preparation material. No CE/MCLE/CPE credit hours are issued.

Course at a glance

Level
Beginner
Estimated time
45 hours
Prerequisite
Review the licensing eligibility and credit status shown on this page before enrolling.

Skills you will practice

  • Explain and apply §1.1 Why a finance course begins with money.
  • Explain and apply §1.2 How banks create credit — the multiplier at the heart of mortgage lending.
  • Explain and apply §1.3 The Federal Reserve — structure and tools.
  • Explain and apply §1.4 Fiscal policy, the Treasury, and the deficit's mortgage footprint.
  • Explain and apply §1.5 Interest rates decoded — nominal, real, and the yield curve.

Learning objectives

  • Explain and apply §1.1 Why a finance course begins with money.
  • Explain and apply §1.2 How banks create credit — the multiplier at the heart of mortgage lending.
  • Explain and apply §1.3 The Federal Reserve — structure and tools.
  • Explain and apply §1.4 Fiscal policy, the Treasury, and the deficit's mortgage footprint.
  • Explain and apply §1.5 Interest rates decoded — nominal, real, and the yield curve.

Assessment and timing

Knowledge check plus 2 final exam versions.

Passing score: 70%.

Final timing: 1 minute per question.

Hands-on practice

Applied course exercises

Use the course rules in practical scenarios and exercises drawn from the published syllabus.

  • §1.9 DECISION CLINIC — five forks in the monetary weather
  • §1.15 WORKED PROBLEM WORKBOOK A — Money, the Fed, and the Rate Environment
  • §1.16 WORKED PROBLEM WORKBOOK B — Policy Labs and Harder Applications
  • §1.17 CASE FILE LIBRARY — Three Disputes from the Rate Economy
  • §1.21 GATE + CAPSTONE DRILL — Chapter 1 Synthesis
  • §1.25 GRADED WORKSHOP — Four Artifacts, Graded A-F

Full syllabus

Chapter 1 — Money, Credit, and the Mortgage Economy

  • §1.1 Why a finance course begins with money
  • §1.2 How banks create credit — the multiplier at the heart of mortgage lending
  • §1.3 The Federal Reserve — structure and tools
  • §1.4 Fiscal policy, the Treasury, and the deficit's mortgage footprint
  • §1.5 Interest rates decoded — nominal, real, and the yield curve
  • §1.6 Inflation and housing's double exposure
  • §1.7 The real estate cycle — four phases and their financing engines
  • §1.8 The practitioner's dashboard
  • §1.9 DECISION CLINIC — five forks in the monetary weather
  • §1.10 GUIDED READING — the dual mandate, one sentence of statute
  • §1.11 RAPID DRILL — twenty one-liners
  • §1.12 DEEP DIVE — the transmission mechanism, doctrine to dollars
  • §1.13 RAPID REVIEW 50 — money and the mortgage economy
  • §1.14 VOCABULARY BANK — terms with the trap noted
  • §1.15 WORKED PROBLEM WORKBOOK A — Money, the Fed, and the Rate Environment
  • §1.16 WORKED PROBLEM WORKBOOK B — Policy Labs and Harder Applications
  • §1.17 CASE FILE LIBRARY — Three Disputes from the Rate Economy
  • §1.18 SCRIPT LIBRARY — Three Conversations from the Rate Economy
  • §1.19 FORM WALKTHROUGH — The Rate-Lock Agreement, Field by Field
  • §1.20 EXAM MAP — How Chapter 1 Appears on Test Day
  • §1.21 GATE + CAPSTONE DRILL — Chapter 1 Synthesis
  • §1.22 INTEGRATION WALKTHROUGH — Building the Office Rate Briefing
  • §1.23 RAPID REVIEW EXTENSION — 51-80
  • §1.24 MASTERY SET — Twenty Mixed-Format Items, Worked
  • §1.25 GRADED WORKSHOP — Four Artifacts, Graded A-F
  • §1.26 DIAGNOSTIC PRE-TEST — Ten Questions Before the Final Pass
  • §1.27 EDGE-CASE SET — Five Questions From the Margins
  • §1.28 EXPLAIN-IT CLINIC — Ten Client Questions, Model Spoken Answers
  • §1.29 CLOCK CARD — Every Deadline in This Chapter, One Card

Chapter 2 — The Primary Mortgage Market: Where Loans Are Born

  • §2.1 The primary market defined
  • §2.2 Commercial banks
  • §2.3 Savings institutions
  • §2.4 Credit unions
  • §2.5 Mortgage bankers (mortgage companies)
  • §2.6 Mortgage brokers
  • §2.7 Portfolio lenders, private money, and fintech
  • §2.8 Origination economics — who earns what, and why the borrower should care
  • §2.9 Matching borrower to channel — the counseling table
  • §2.10 DECISION CLINIC — five forks in choosing the money
  • §2.11 GUIDED READING — B&P §10131(d): why a real estate license reaches lending
  • §2.12 RAPID DRILL — twenty one-liners
  • §2.13 DEEP DIVE — channel economics and the shape of loyalty
  • §2.14 RAPID REVIEW 50 — the primary market
  • §2.15 VOCABULARY BANK — terms with the trap noted
  • §2.16 WORKED PROBLEM WORKBOOK A — Navigating the Primary Market
  • §2.17 WORKED PROBLEM WORKBOOK B — Channel Labs and Compensation Clinics
  • §2.18 CASE FILE LIBRARY — Three Disputes from the Origination Channels
  • §2.19 SCRIPT LIBRARY — Three Conversations from the Primary Market
  • §2.20 FORM WALKTHROUGH — The Uniform Residential Loan Application (URLA), Section by Section
  • §2.21 EXAM MAP — How Chapter 2 Appears on Test Day
  • §2.22 GATE + CAPSTONE DRILL — Chapter 2 Synthesis
  • §2.23 INTEGRATION WALKTHROUGH — The Declined File Finds Its Channel
  • §2.24 RAPID REVIEW EXTENSION — 51-80
  • §2.25 MASTERY SET — Twenty Mixed-Format Items, Worked
  • §2.26 GRADED WORKSHOP — Four Artifacts, Graded A-F
  • §2.27 DIAGNOSTIC PRE-TEST — Ten Questions Before the Final Pass
  • §2.28 EDGE-CASE SET — Five Questions From the Margins
  • §2.29 EXPLAIN-IT CLINIC — Ten Client Questions, Model Spoken Answers
  • §2.30 CLOCK CARD — Every Deadline in This Chapter, One Card

Chapter 3 — The Secondary Market: Fannie, Freddie, Ginnie, and the Price of Everything

  • §3.1 Why the secondary market exists
  • §3.2 The three agencies, kept straight
  • §3.3 Securitization — the pass-through machine
  • §3.4 Conforming loans — how the buyer of loans becomes the ruler of lending
  • §3.5 2008 and conservatorship — the cautionary chapter
  • §3.6 From bond desk to rate sheet — the transmission a licensee should narrate
  • §3.7 DECISION CLINIC — five forks where the secondary market touches the deal
  • §3.8 GUIDED READING — the charter purpose that built the machine
  • §3.9 RAPID DRILL — twenty one-liners
  • §3.10 DEEP DIVE — liquidity, moral hazard, and one loan's journey
  • §3.11 RAPID REVIEW 50 — the secondary market
  • §3.12 VOCABULARY BANK — terms with the trap noted
  • §3.13 WORKED PROBLEM WORKBOOK A — The Secondary Market in Operation
  • §3.14 WORKED PROBLEM WORKBOOK B — Securitization Labs and Market-Plumbing Clinics
  • §3.15 CASE FILE LIBRARY — Three Disputes from the Secondary Market
  • §3.16 SCRIPT LIBRARY — Three Conversations from the Secondary Market
  • §3.17 FORM WALKTHROUGH — The Notice of Servicing Transfer, Field by Field
  • §3.18 EXAM MAP — How Chapter 3 Appears on Test Day
  • §3.19 GATE + CAPSTONE DRILL — Chapter 3 Synthesis
  • §3.20 INTEGRATION WALKTHROUGH — Unwinding a Botched Servicing Transfer, in Writing
  • §3.21 RAPID REVIEW EXTENSION — 51-80
  • §3.22 MASTERY SET — Twenty Mixed-Format Items, Worked
  • §3.23 GRADED WORKSHOP — Four Artifacts, Graded A-F
  • §3.24 DIAGNOSTIC PRE-TEST — Ten Questions Before the Final Pass
  • §3.25 EDGE-CASE SET — Five Questions From the Margins
  • §3.26 EXPLAIN-IT CLINIC — Ten Client Questions, Model Spoken Answers
  • §3.27 CLOCK CARD — Every Deadline in This Chapter, One Card

Chapter 4 — Instruments of Finance: The Note, the Deed of Trust, and the Three-Party Machine

  • §4.1 Two documents, one loan
  • §4.2 The promissory note — anatomy and negotiability
  • §4.3 The deed of trust — three parties, one conveyance-in-trust
  • §4.4 Deed of trust versus mortgage — the comparison that organizes chapter 14
  • §4.5 Life-cycle paperwork the licensee actually sees
  • §4.6 Reading an instrument like a professional
  • §4.7 DECISION CLINIC — five forks at the instrument table
  • §4.8 GUIDED READING — CC §2924's first sentence: the power of sale as contract
  • §4.9 RAPID DRILL — twenty one-liners
  • §4.10 DEEP DIVE — paper as power: why instrument formalities decide real fights
  • §4.11 RAPID REVIEW 50 — instruments of finance
  • §4.12 VOCABULARY BANK — terms with the trap noted
  • §4.13 WORKED PROBLEM WORKBOOK A — Notes, Deeds of Trust, and the Three-Party Structure
  • §4.14 WORKED PROBLEM WORKBOOK B — Drafting Labs and Instrument Edge Cases
  • §4.15 CASE FILE LIBRARY — Three Disputes over the Instruments
  • §4.16 SCRIPT LIBRARY — Three Conversations About the Instruments
  • §4.17 FORM WALKTHROUGH — The Promissory Note, Clause by Clause
  • §4.18 EXAM MAP — How Chapter 4 Appears on Test Day
  • §4.19 GATE + CAPSTONE DRILL — Chapter 4 Synthesis
  • §4.20 INTEGRATION WALKTHROUGH — The Family Loan, Papered Like a Bank
  • §4.21 RAPID REVIEW EXTENSION — 51-80
  • §4.22 MASTERY SET — Twenty Mixed-Format Items, Worked
  • §4.23 GRADED WORKSHOP — Four Artifacts, Graded A-F
  • §4.24 DIAGNOSTIC PRE-TEST — Ten Questions Before the Final Pass
  • §4.25 EDGE-CASE SET — Five Questions From the Margins
  • §4.26 EXPLAIN-IT CLINIC — Ten Client Questions, Model Spoken Answers
  • §4.27 CLOCK CARD — Every Deadline in This Chapter, One Card

Chapter 5 — Clauses, Features, and Priority: The Loan's Operating System

  • §5.1 Acceleration — the clause that makes foreclosure possible
  • §5.2 Alienation — due-on-sale and the transfer police
  • §5.3 Prepayment — the borrower's option and its price
  • §5.4 Assumption versus subject-to — who owes the debt after transfer
  • §5.5 Priority — first in time, and the contracts that reorder it
  • §5.6 Security-structure vocabulary the practice uses
  • §5.7 DECISION CLINIC — five forks among the clauses
  • §5.8 GUIDED READING — the federal preemption that armed due-on-sale
  • §5.9 RAPID DRILL — twenty one-liners
  • §5.10 DEEP DIVE — clauses as allocations: reading the fine print as risk transfer
  • §5.11 RAPID REVIEW 50 — clauses and features
  • §5.12 VOCABULARY BANK — terms with the trap noted
  • §5.13 WORKED PROBLEM WORKBOOK A — Clauses, Priority, and the Architecture of Risk
  • §5.14 WORKED PROBLEM WORKBOOK B — Priority Wars and Clause-Drafting Clinics
  • §5.15 CASE FILE LIBRARY — Three Priority Wars
  • §5.16 SCRIPT LIBRARY — Three Conversations About Clauses and Priority
  • §5.17 FORM WALKTHROUGH — The Deed of Trust's Uniform Covenants, Walked in Order
  • §5.18 EXAM MAP — How Chapter 5 Appears on Test Day
  • §5.19 GATE + CAPSTONE DRILL — Chapter 5 Synthesis
  • §5.20 INTEGRATION WALKTHROUGH — The Formal Assumption, Start to Finish
  • §5.21 RAPID REVIEW EXTENSION — 51-80
  • §5.22 MASTERY SET — Twenty Mixed-Format Items, Worked
  • §5.23 GRADED WORKSHOP — Four Artifacts, Graded A-F
  • §5.24 DIAGNOSTIC PRE-TEST — Ten Questions Before the Final Pass
  • §5.25 EDGE-CASE SET — Five Questions From the Margins
  • §5.26 EXPLAIN-IT CLINIC — Ten Client Questions, Model Spoken Answers
  • §5.27 CLOCK CARD — Every Deadline in This Chapter, One Card

Chapter 6 — Conventional Financing: LTV, PMI, ARMs, and the Structure of Private Credit

  • §6.1 Conventional defined
  • §6.2 LTV and CLTV — the equity mathematics of risk
  • §6.3 Private mortgage insurance — renting the missing equity
  • §6.4 The ARM, read by its parts
  • §6.5 Term structures and buydowns
  • §6.6 Piggybacks and seconds — avoiding PMI by adding a lien
  • §6.7 Where conventional wins — the chapter's matching table
  • §6.8 DECISION CLINIC — five forks in conventional structuring
  • §6.9 GUIDED READING — the Homeowners Protection Act's cancellation clock
  • §6.10 RAPID DRILL — twenty one-liners
  • §6.11 DEEP DIVE — risk-based pricing and the engineering of an exit
  • §6.12 RAPID REVIEW 50 — conventional financing
  • §6.13 VOCABULARY BANK — terms with the trap noted
  • §6.14 WORKED PROBLEM WORKBOOK A — Conventional Financing Mechanics
  • §6.15 WORKED PROBLEM WORKBOOK B — Product-Design Labs and Harder Conventional Math
  • §6.16 CASE FILE LIBRARY — Three Conventional-Financing Disputes
  • §6.17 SCRIPT LIBRARY — Three Conversations About Conventional Financing
  • §6.18 FORM WALKTHROUGH — The ARM Adjustment Notice, Field by Field
  • §6.19 EXAM MAP — How Chapter 6 Appears on Test Day
  • §6.20 GATE + CAPSTONE DRILL — Chapter 6 Synthesis
  • §6.21 INTEGRATION WALKTHROUGH — Structuring at the Conforming Line
  • §6.22 RAPID REVIEW EXTENSION — 51-80
  • §6.23 MASTERY SET — Twenty Mixed-Format Items, Worked
  • §6.24 GRADED WORKSHOP — Four Artifacts, Graded A-F
  • §6.25 DIAGNOSTIC PRE-TEST — Ten Questions Before the Final Pass
  • §6.26 EDGE-CASE SET — Five Questions From the Margins
  • §6.27 EXPLAIN-IT CLINIC — Ten Client Questions, Model Spoken Answers
  • §6.28 CLOCK CARD — Every Deadline in This Chapter, One Card

Chapter 7 — Government-Backed Programs: FHA, VA, CalVet, CalHFA, USDA

  • §7.1 Three verbs — insure, guarantee, lend
  • §7.2 FHA — the insurance program that built the modern mortgage
  • §7.3 VA — the guarantee earned by service
  • §7.4 CalVet — the direct lender with a land-contract heart
  • §7.5 CalHFA and USDA — the niche completers
  • §7.6 The counseling comparison — running the honest numbers
  • §7.7 DECISION CLINIC — five forks among the government programs
  • §7.8 GUIDED READING — the guarantee sentence that built VA lending
  • §7.9 RAPID DRILL — twenty one-liners
  • §7.10 DEEP DIVE — why governments underwrite houses, and the dollars-level counsel
  • §7.11 RAPID REVIEW 50 — government-backed programs
  • §7.12 VOCABULARY BANK — terms with the trap noted
  • §7.13 WORKED PROBLEM WORKBOOK A — Government-Backed Lending Programs
  • §7.14 WORKED PROBLEM WORKBOOK B — Program Strategy Labs and Eligibility Clinics
  • §7.15 CASE FILE LIBRARY — Three Government-Program Disputes
  • §7.16 SCRIPT LIBRARY — Three Conversations About Government Programs
  • §7.17 FORM WALKTHROUGH — The FHA Amendatory Clause, Real Estate Certification, and VA Escape Clause
  • §7.18 EXAM MAP — How Chapter 7 Appears on Test Day
  • §7.19 GATE + CAPSTONE DRILL — Chapter 7 Synthesis
  • §7.20 INTEGRATION WALKTHROUGH — The Disabled Veteran's Program Tournament
  • §7.21 RAPID REVIEW EXTENSION — 51-80
  • §7.22 MASTERY SET — Twenty Mixed-Format Items, Worked
  • §7.23 GRADED WORKSHOP — Four Artifacts, Graded A-F
  • §7.24 DIAGNOSTIC PRE-TEST — Ten Questions Before the Final Pass
  • §7.25 EDGE-CASE SET — Five Questions From the Margins
  • §7.26 EXPLAIN-IT CLINIC — Ten Client Questions, Model Spoken Answers
  • §7.27 CLOCK CARD — Every Deadline in This Chapter, One Card

Chapter 8 — Qualifying the Borrower: Underwriting, Credit, and Fair Lending

  • §8.1 The three C's — capacity, credit, collateral
  • §8.2 Ratios — the arithmetic of capacity
  • §8.3 Credit — the score and the file behind it
  • §8.4 Automated underwriting and the human override
  • §8.5 ECOA and Regulation B — the anti-discrimination law of credit
  • §8.6 HMDA, redlining, and fair-lending enforcement
  • §8.7 Ability-to-repay — the federal floor
  • §8.8 DECISION CLINIC — five forks in qualifying the borrower
  • §8.9 GUIDED READING — ECOA's prohibition, one clause at a time
  • §8.10 RAPID DRILL — twenty one-liners
  • §8.11 DEEP DIVE — underwriting as institutionalized fairness, and a manual file walked
  • §8.12 RAPID REVIEW 50 — qualifying the borrower
  • §8.13 VOCABULARY BANK — terms with the trap noted
  • §8.14 WORKED PROBLEM WORKBOOK A — Underwriting the Borrower
  • §8.15 WORKED PROBLEM WORKBOOK B — Underwriting Judgment Labs and Fair-Lending Clinics
  • §8.16 CASE FILE LIBRARY — Three Underwriting and Fair-Lending Disputes
  • §8.17 SCRIPT LIBRARY — Three Conversations from the Underwriting Room
  • §8.18 FORM WALKTHROUGH — The Adverse-Action Notice, Field by Field
  • §8.19 EXAM MAP — How Chapter 8 Appears on Test Day
  • §8.20 GATE + CAPSTONE DRILL — Chapter 8 Synthesis
  • §8.21 INTEGRATION WALKTHROUGH — The Gig-Economy Manual Underwrite
  • §8.22 RAPID REVIEW EXTENSION — 51-80
  • §8.23 MASTERY SET — Twenty Mixed-Format Items, Worked
  • §8.24 GRADED WORKSHOP — Four Artifacts, Graded A-F
  • §8.25 DIAGNOSTIC PRE-TEST — Ten Questions Before the Final Pass
  • §8.26 EDGE-CASE SET — Five Questions From the Margins
  • §8.27 EXPLAIN-IT CLINIC — Ten Client Questions, Model Spoken Answers
  • §8.28 CLOCK CARD — Every Deadline in This Chapter, One Card

Chapter 9 — Qualifying the Property: Appraisal Doctrine and the Discipline of Value

  • §9.1 Value, price, and cost — three different numbers
  • §9.2 The value principles as working tools
  • §9.3 The sales comparison approach
  • §9.4 The cost approach
  • §9.5 The income approach
  • §9.6 Reconciliation, reports, and review
  • §9.7 The regulatory frame — BREA, USPAP, and independence
  • §9.8 When the appraisal comes in low — and when it comes in biased
  • §9.9 DECISION CLINIC — five forks around the appraisal
  • §9.10 GUIDED READING — the Fair Appraisal Act's disclosure sentence
  • §9.11 RAPID DRILL — twenty one-liners
  • §9.12 DEEP DIVE — valuation between craft and justice, and an ROV file walked
  • §9.13 RAPID REVIEW 50 — qualifying the property
  • §9.14 VOCABULARY BANK — terms with the trap noted
  • §9.15 WORKED PROBLEM WORKBOOK A — Appraisal and the Qualified Property
  • §9.16 WORKED PROBLEM WORKBOOK B — Valuation Labs and Review Clinics
  • §9.17 CASE FILE LIBRARY — Three Valuation Disputes
  • §9.18 SCRIPT LIBRARY — Three Conversations About Valuation
  • §9.19 FORM WALKTHROUGH — The Uniform Residential Appraisal Report (URAR), Section by Section
  • §9.20 EXAM MAP — How Chapter 9 Appears on Test Day
  • §9.21 GATE + CAPSTONE DRILL — Chapter 9 Synthesis
  • §9.22 INTEGRATION WALKTHROUGH — Appraising the Mixed-Use Corner
  • §9.23 RAPID REVIEW EXTENSION — 51-80
  • §9.24 MASTERY SET — Twenty Mixed-Format Items, Worked
  • §9.25 GRADED WORKSHOP — Four Artifacts, Graded A-F
  • §9.26 DIAGNOSTIC PRE-TEST — Ten Questions Before the Final Pass
  • §9.27 EDGE-CASE SET — Five Questions From the Margins
  • §9.28 EXPLAIN-IT CLINIC — Ten Client Questions, Model Spoken Answers
  • §9.29 CLOCK CARD — Every Deadline in This Chapter, One Card

Chapter 10 — The Loan Process and Federal Disclosure Law: TILA, RESPA, and TRID

  • §10.1 The pipeline — application to funding
  • §10.2 TILA and Regulation Z — the truth statute
  • §10.3 RESPA — the settlement-conduct statute
  • §10.4 TRID — the integrated disclosure clocks
  • §10.5 ATR/QM — the substantive floor under the disclosures
  • §10.6 The regulator and the licensee's own exposure
  • §10.7 DECISION CLINIC — five forks in the disclosure pipeline
  • §10.8 GUIDED READING — the TRID clocks, straight from the regulation
  • §10.9 RAPID DRILL — twenty one-liners
  • §10.10 DEEP DIVE — disclosure's theory of change, and a closing calendar with a cure
  • §10.11 RAPID REVIEW 50 — the loan process and federal disclosure law
  • §10.12 VOCABULARY BANK — terms with the trap noted
  • §10.13 WORKED PROBLEM WORKBOOK A — The Loan Process and Federal Disclosure Law
  • §10.14 WORKED PROBLEM WORKBOOK B — Clock Labs, Cure Clinics, and Compliance Drafting
  • §10.15 CASE FILE LIBRARY — Three Disclosure-Law Disputes
  • §10.16 SCRIPT LIBRARY — Three Conversations from the Disclosure Pipeline
  • §10.17 FORM WALKTHROUGH — The Closing Disclosure, All Five Pages
  • §10.18 EXAM MAP — How Chapter 10 Appears on Test Day
  • §10.19 GATE + CAPSTONE DRILL — Chapter 10 Synthesis
  • §10.20 INTEGRATION WALKTHROUGH — The Rescission File
  • §10.21 RAPID REVIEW EXTENSION — 51-80
  • §10.22 MASTERY SET — Twenty Mixed-Format Items, Worked
  • §10.23 GRADED WORKSHOP — Four Artifacts, Graded A-F
  • §10.24 DIAGNOSTIC PRE-TEST — Ten Questions Before the Final Pass
  • §10.25 EDGE-CASE SET — Five Questions From the Margins
  • §10.26 EXPLAIN-IT CLINIC — Ten Client Questions, Model Spoken Answers
  • §10.27 CLOCK CARD — Every Deadline in This Chapter, One Card

Chapter 11 — California Loan-Origination Law: Article 7, the MLDS, the SAFE Act, and Usury

  • §11.1 Who may originate in California — the license map
  • §11.2 Article 7 — the small-loan protection statute
  • §11.3 The MLDS — the broker's own truth form
  • §11.4 Threshold brokers and multi-lender rules
  • §11.5 Usury — the constitutional ceiling and its licensed-broker escape
  • §11.6 Predatory-lending law — the state layer
  • §11.7 The licensee's operating rules
  • §11.8 DECISION CLINIC — five forks in California origination law
  • §11.9 GUIDED READING — Article XV, §1: the ceiling and its trapdoor
  • §11.10 RAPID DRILL — twenty one-liners
  • §11.11 DEEP DIVE — California's layered origination law, and one hard-money loan walked clean
  • §11.12 RAPID REVIEW 50 — California loan-origination law
  • §11.13 VOCABULARY BANK — terms with the trap noted
  • §11.14 WORKED PROBLEM WORKBOOK A — California Loan-Origination Law
  • §11.15 WORKED PROBLEM WORKBOOK B — Article 7 Forensics and Licensing Labs
  • §11.16 CASE FILE LIBRARY — Three California Loan-Law Disputes
  • §11.17 SCRIPT LIBRARY — Three Conversations in California Loan-Origination Law
  • §11.18 FORM WALKTHROUGH — The Mortgage Loan Disclosure Statement, Block by Block
  • §11.19 EXAM MAP — How Chapter 11 Appears on Test Day
  • §11.20 GATE + CAPSTONE DRILL — Chapter 11 Synthesis
  • §11.21 INTEGRATION WALKTHROUGH — The Threshold Broker's Compliance Year
  • §11.22 RAPID REVIEW EXTENSION — 51-80
  • §11.23 MASTERY SET — Twenty Mixed-Format Items, Worked
  • §11.24 GRADED WORKSHOP — Four Artifacts, Graded A-F
  • §11.25 DIAGNOSTIC PRE-TEST — Ten Questions Before the Final Pass
  • §11.26 EDGE-CASE SET — Five Questions From the Margins
  • §11.27 EXPLAIN-IT CLINIC — Ten Client Questions, Model Spoken Answers
  • §11.28 CLOCK CARD — Every Deadline in This Chapter, One Card

Chapter 12 — Seller Financing and Creative Finance: Carrybacks, Wraps, and Land Contracts

  • §12.1 Why seller financing exists
  • §12.2 The carryback, documented properly
  • §12.3 The carryback seller's protection checklist
  • §12.4 The wraparound (all-inclusive) trust deed
  • §12.5 The land contract — possession now, title later
  • §12.6 Dodd-Frank's seller-financer limits
  • §12.7 The supporting cast — options, lease-options, juniors, shared equity
  • §12.8 DECISION CLINIC — five forks in seller-financed deals
  • §12.9 GUIDED READING — CC §2956's trigger and the disclosures it detonates
  • §12.10 RAPID DRILL — twenty one-liners
  • §12.11 DEEP DIVE — seller finance as shadow banking, and an AITD collapse walked
  • §12.12 RAPID REVIEW 50 — seller financing and creative finance
  • §12.13 VOCABULARY BANK — terms with the trap noted
  • §12.14 WORKED PROBLEM WORKBOOK A — Seller Financing and Creative Structures
  • §12.15 WORKED PROBLEM WORKBOOK B — Structure-Design Labs and Carryback Forensics
  • §12.16 CASE FILE LIBRARY — Three Seller-Financing Disputes
  • §12.17 SCRIPT LIBRARY — Three Conversations About Seller Financing
  • §12.18 FORM WALKTHROUGH — The Seller Financing Disclosure Statement (CC §2963), Item by Item
  • §12.19 EXAM MAP — How Chapter 12 Appears on Test Day
  • §12.20 GATE + CAPSTONE DRILL — Chapter 12 Synthesis
  • §12.21 INTEGRATION WALKTHROUGH — Converting the Land Contract
  • §12.22 RAPID REVIEW EXTENSION — 51-80
  • §12.23 MASTERY SET — Twenty Mixed-Format Items, Worked
  • §12.24 GRADED WORKSHOP — Four Artifacts, Graded A-F
  • §12.25 DIAGNOSTIC PRE-TEST — Ten Questions Before the Final Pass
  • §12.26 EDGE-CASE SET — Five Questions From the Margins
  • §12.27 EXPLAIN-IT CLINIC — Ten Client Questions, Model Spoken Answers
  • §12.28 CLOCK CARD — Every Deadline in This Chapter, One Card

Chapter 13 — Construction and Specialty Financing: Building, Borrowing Against, and Unlocking Equity

  • §13.1 Construction lending — money released against work
  • §13.2 Mechanics' liens versus the construction lender — the priority war
  • §13.3 Subdivision finance — the blanket lien and its releases
  • §13.4 Junior-lien credit — HELOCs and fixed seconds
  • §13.5 Reverse mortgages — equity flowing backward
  • §13.6 Bridge, swing, and gap — transaction glue
  • §13.7 DECISION CLINIC — five forks in construction and specialty credit
  • §13.8 GUIDED READING — the relation-back sentence that runs every jobsite
  • §13.9 RAPID DRILL — twenty one-liners
  • §13.10 DEEP DIVE — lending against a promise, and a broke builder walked to completion
  • §13.11 RAPID REVIEW 50 — construction and specialty financing
  • §13.12 VOCABULARY BANK — terms with the trap noted
  • §13.13 WORKED PROBLEM WORKBOOK A — Construction and Specialty Financing
  • §13.14 WORKED PROBLEM WORKBOOK B — Construction Forensics and Specialty-Product Labs
  • §13.15 CASE FILE LIBRARY — Three Construction-Finance Disputes
  • §13.16 SCRIPT LIBRARY — Three Conversations in Construction and Specialty Lending
  • §13.17 FORM WALKTHROUGH — The Preliminary Notice and the Four Statutory Waivers
  • §13.18 EXAM MAP — How Chapter 13 Appears on Test Day
  • §13.19 GATE + CAPSTONE DRILL — Chapter 13 Synthesis
  • §13.20 INTEGRATION WALKTHROUGH — The Owner-Builder's Ledger, Ground to Completion
  • §13.21 RAPID REVIEW EXTENSION — 51-80
  • §13.22 MASTERY SET — Twenty Mixed-Format Items, Worked
  • §13.23 GRADED WORKSHOP — Four Artifacts, Graded A-F
  • §13.24 DIAGNOSTIC PRE-TEST — Ten Questions Before the Final Pass
  • §13.25 EDGE-CASE SET — Five Questions From the Margins
  • §13.26 EXPLAIN-IT CLINIC — Ten Client Questions, Model Spoken Answers
  • §13.27 CLOCK CARD — Every Deadline in This Chapter, One Card

Chapter 14 — Default, Forbearance, and Foreclosure: The Law of Broken Promises

  • §14.1 Default and the loss-mitigation ladder
  • §14.2 The trustee's sale — California's standard machinery
  • §14.3 Judicial foreclosure — the court alternative
  • §14.4 The anti-deficiency architecture — 580b, 580d, and the sold-out junior
  • §14.5 HBOR — the servicer-conduct statute
  • §14.6 The licensee's own law at the edge of foreclosure
  • §14.7 DECISION CLINIC — five forks at the edge of foreclosure
  • §14.8 GUIDED READING — CC §2924c: the reinstatement clause, parsed
  • §14.9 RAPID DRILL — twenty one-liners
  • §14.10 DEEP DIVE — the California bargain under stress, and a timeline walked to the courthouse steps
  • §14.11 RAPID REVIEW 50 — default and foreclosure
  • §14.12 VOCABULARY BANK — terms with the trap noted
  • §14.13 WORKED PROBLEM WORKBOOK A — Default, Forbearance, and Foreclosure
  • §14.14 WORKED PROBLEM WORKBOOK B — Foreclosure Strategy Labs and Timeline Forensics
  • §14.15 CASE FILE LIBRARY — Three Foreclosure Disputes
  • §14.16 SCRIPT LIBRARY — Three Conversations from the Default Timeline
  • §14.17 FORM WALKTHROUGH — The Notice of Default and the Reinstatement Quote, Line by Line
  • §14.18 EXAM MAP — How Chapter 14 Appears on Test Day
  • §14.19 GATE + CAPSTONE DRILL — Chapter 14 Synthesis
  • §14.20 INTEGRATION WALKTHROUGH — The Controlled Exit: Short Sale Versus the Timeline
  • §14.21 RAPID REVIEW EXTENSION — 51-80
  • §14.22 MASTERY SET — Twenty Mixed-Format Items, Worked
  • §14.23 GRADED WORKSHOP — Four Artifacts, Graded A-F
  • §14.24 DIAGNOSTIC PRE-TEST — Ten Questions Before the Final Pass
  • §14.25 EDGE-CASE SET — Five Questions From the Margins
  • §14.26 EXPLAIN-IT CLINIC — Ten Client Questions, Model Spoken Answers
  • §14.27 CLOCK CARD — Every Deadline in This Chapter, One Card

Chapter 15 — The Mathematics of Finance: Every Number a Licensee Must Command

  • §15.1 Simple interest and the per-diem reflex
  • §15.2 Amortization — the schedule's story
  • §15.3 Payment factors and the qualifying bridge
  • §15.4 Points, buydowns, and break-even
  • §15.5 LTV, CLTV, and equity arithmetic
  • §15.6 Income-property numbers — the short course
  • §15.7 Prorations and closing arithmetic
  • §15.8 CAPSTONE — one financed purchase, every chapter
  • §15.9 DECISION CLINIC — five forks solved with arithmetic
  • §15.10 GUIDED READING — the APR's legal definition, and why the number surprises people
  • §15.11 RAPID DRILL — twenty one-liners
  • §15.12 DEEP DIVE — arithmetic as fiduciary skill, and one financing arc computed end to end
  • §15.13 RAPID REVIEW 50 — the mathematics of finance
  • §15.14 VOCABULARY BANK — terms with the trap noted
  • §15.15 WORKED PROBLEM WORKBOOK A — The Mathematics of Finance
  • §15.16 WORKED PROBLEM WORKBOOK B — Advanced Computation Labs
  • §15.17 CASE FILE LIBRARY — Three Disputes Decided by Arithmetic
  • §15.18 SCRIPT LIBRARY — Three Conversations Where the Math Talks
  • §15.19 FORM WALKTHROUGH — The Payoff Demand Statement (CC §2943), Field by Field
  • §15.20 EXAM MAP — How Chapter 15 Appears on Test Day
  • §15.21 GATE + CAPSTONE DRILL — Chapter 15 (Course) Synthesis
  • §15.22 INTEGRATION WALKTHROUGH — The Investor's Acquisition Worksheet
  • §15.23 RAPID REVIEW EXTENSION — 51-80
  • §15.24 MASTERY SET — Twenty Mixed-Format Items, Worked
  • §15.25 GRADED WORKSHOP — Four Artifacts, Graded A-F
  • §15.26 DIAGNOSTIC PRE-TEST — Ten Computations Before the Final Pass
  • §15.27 EDGE-CASE SET — Five Questions From the Margins
  • §15.28 COURSE CAPSTONE REVIEW I — One Hundred Questions Across the Course (1-46)
  • §15.29 COURSE CAPSTONE REVIEW II — One Hundred Questions Across the Course (47-100)
  • §15.30 MASTER STATUTE FINDER — Every Authority in the Course, Located
  • §15.31 FIFTEEN CROSS-CHAPTER SCENARIOS — Worked Syntheses
  • §15.32 THE TRAP INDEX — Forty Planted Traps, Disarmed
  • §15.33 MASTER FORMULA SHEET — With Worked Micro-Examples
  • §15.34 THE FINAL WEEK — A Seven-Day Plan, and the Course in One Page
  • §15.35 EXPLAIN-IT CLINIC — Ten Client Questions, Model Spoken Answers
  • §15.36 CLOCK CARD — Every Deadline in This Chapter, One Card
  • §15.37 MASTER CALENDAR — Every Clock in the Course, One Table
  • §15.38 TWENTY-FIVE FINAL MIXED DRILLS — The Last Mile
  • §15.39 ANSWER-CHOICE FORENSICS — How Exam Writers Build Wrong Answers
  • §15.40 SIXTY-SECOND RECITATIONS — The Fifteen Chapters, Said Aloud
  • §15.41 THE LAYER MAP — How This Book Is Built, and How to Study Each Layer
  • §15.42 SOURCES AND AUTHORITIES — A Bibliographical Note
  • §15.43 AFTERWORD — To the Student Finishing This Course
  • §15.44 FROM THIS COURSE TO THE LICENSE — Next Steps

Sample from Part I

Chapter 1 — Money, Credit, and the Mortgage Economy California Real Estate Finance · 101PD Original Text · Professional training material. No statutory prelicensing credit is issued. Learning objectives. After this chapter you can: explain what money is and how credit expands it; describe the Federal Reserve's structure and each of its policy tools, and trace how a policy change reaches a buyer's mortgage quote; distinguish monetary from fiscal policy and explain how each moves housing; read the yield curve and the spread between the 10-year Treasury and the 30-year mortgage as a practitioner; explain inflation's double role as rate-driver and asset-driver; and narrate the real estate cycle — expansion, oversupply, recession, recovery — with the financing forces that push each phase. §1.1 Why a finance course begins with money Every real estate transaction is two transfers, not one: a deed moves in one direction and money moves in the other. Principles taught the law of the deed. This course teaches the law and machinery of the money — and that machinery begins far from the escrow table, in decisions made by a central bank about the price and quantity of credit. A licensee who cannot explain why rates rose between the listing appointment and the offer cannot counsel clients through the most rate-sensitive purchase of their lives. The chain runs: Federal Reserve policy → short-term rates and bank reserves → bond-market expectations → mortgage-backed-security yields → the rate sheet a loan officer prints in the morning → the buyer's maximum price → the seller's pool of qualified buyers → the comparable sales that set next quarter's appraisals. Finance is the study of that chain, link by link. Money itself performs three functions the exam and the practice both test: a medium of exchange (it settles transactions without barter), a measure of value (prices are quoted in it), and a store of value (it carries purchasing power across time — imperfectly, which is what inflation means). Modern money is fiat money: it is not backed by a commodity but by the taxing power and credibility of the government that issues it, and most of it exists not as currency but as ledger entries — bank deposits created by lending. §1.2 How banks create credit — the multiplier at the heart of mortgage lending When a bank receives a 100,000-dollar deposit and regulation or prudence requires it to hold a fraction in reserve, it lends the remainder; the borrower's spending becomes someone else's deposit; that bank lends again. Through this deposit-and-relend cycle, the banking system multiplies an initial deposit into a much larger stock of credit. Two practice consequences follow. First, credit availability is elastic: policy that changes reserves or the cost of reserves changes the lendable supply many times over, which is why housing — the most credit-dependent consumer market — feels monetary policy first and hardest. Second, confidence is collateral: because the system lends long (30-year mortgages) against liabilities it owes on demand (deposits), it depends on depositors

Available in these packages

California Real Estate 135-Hour Prelicensing PackageCalifornia Real Estate Finance

Course FAQ

What will California Real Estate Finance cover?

The planned syllabus covers the DRE statutory Finance curriculum, instruments, lending, and calculations with California-specific explanations and practical applications.

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Enrollment opens only after the content status is PUBLISHED. Drafting pages offer a waitlist instead.

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