Write a brief summary of the textbook Chapters 13 & 14, to include the following paragraphs with headings: an overview, 3 key concepts, and a summary. Each key concept must include the textbook page numbers. Each paragraph needs a minimum of 3 sentences. Use the template format provided below. Refer to the model assignment (sample) following the template. Aached are the ch13 and 14 pdfs and follow the template and use references.
TEMPLATE:
Overview
Key Concept from Chapter 13
Key Concept from Chapter 14
Key Concept from Chapter 13 or 14
Summary
SAMPLE:
Model assignment:
BELOW IS A SAMPLE REFLECTION SUMMARY. DO NOT COPY THE CONTENTS. IT IS A SAMPLE ONLY.
Course: BRE 100, Real Estate Principles
Student Name: Ima Success
Todays Date: 02/20/2020
Textbook Author: Perez, J.
Chapter # 1
Overview
The topic of Chapter 1 is an introduction to real estate principles. This chapter covers four important concepts for the real estate student. First, the real estate licensing in California is discussed, along with the real estate market. Second, the historical influence of real property is examined. Third, the difference between real property and personal property is spelled out clearly. And last, the chapter concludes by analyzing various methods of land description. These concepts are important because they may be on the real estate exam for licensees.
Key Concept from Chapter 13
I learned that real estate can be a profitable professional (p. 4). One of the reasons it can be profitable is because the compensation to agents is based on the sales price of the house. In California, real estate values are typically high, which translates into a high commission. The commission is always paid to the broker, but the real estate salesperson receives a portion. Many real estate agents are using social media to promote their services.
Key Concept from Chapter 14
The second thing I learned is that property owners have a bundle of rights (p. 5). It means they have control of certain things because they own the real estate. Generally, people view it as a bundle of sticks, with each one of them being a right the owner has. Their types of rights vary based on their level of ownership. For example, homeowners have the right to possess (live in) their houses unless they rent out the house to tenants. In that case, the tenant now has the right to possess the house.
Key Concept from Chapter 13
The third concept I learned is the definition of real property (p. 6). There are four things that define real property: land, affixed to the land, appurtenant to the land, or immovable. These items tests are what separates real property from personal property. For example, a refrigerator can be moved out of the house, so it is considered personal property. However, a fence is permanently dug into the ground so it becomes part of the real property, along with the land and the house.
Summary
This was an interesting chapter and I learned a lot about real estate. Real estate has a long and colorful history in California. There are several types of land description methods, which will probably be on the state real estate exam. I know I will have to study some of the concepts further, such as the MARIA acronym of determining personal versus real property. In addition to the knowledge of concepts, real estate involves math calculations.
Victor Valley College
BRE – 140 Real Estate Appraisal
8/18/2021
2
A life is not important
except in the impact it
has on other lives.
BRE – 140 Real Estate Appraisal
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Land Use Controls
Educating Generations, Building Communities
I.
Public Restrictions
II.
Private Restrictions
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Part I.
BRE – 140 Real Estate Appraisal
Public Restrictions
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A. Zoning
B. Power to Regulate Land Use
?
Police Power
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1. Land Use Planning
?
Planning Commission
?
General Plan
2. Implementing the General Plan
3. Typical Zoning Provisions
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4.
Exceptions to Zoning Regulations
?
?
?
5.
Rezoning
?
?
6.
Nonconforming Uses
Variances
Conditional Use Permits
Spot Zoning (Illegal)
Interim Zoning
Enforcement of Zoning Ordinances
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? BUILDING CODES establish
minimum standards for
construction, requiring
builders to use particular
methods and materials.
? Certificate of Occupancy
? Second Units
? Manufactured Homes
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Educating Generations, Building Communities
? California has two laws that govern the subdivision of land in the
state:
?
Subdivision Map Act
?
Subdivided Lands Law
? Davis Stirling Common Interest Development Act contains the
statutory provisions with respect to the creation and essential
attributes of common interest developments
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Educating Generations, Building Communities
? National Environmental
Policy Act (NEPA)
? Clean Air Act
? The Comprehensive
Environmental Response,
Compensation, and
Liability Act (CERCLA)
? Clean Water Act
? Endangered Species Act
? Resource Conservation
and
BRE – 140 Real Estate
AppraisalRecovery Act
? California Environmental
Quality Act (CEQA) 8/18/2021
12
Educating Generations, Building Communities
? California Coastal Act
? Alquist-Priolo Special
Studies Zone Act
? Safe Drinking Water and
Toxic Enforcement Act
? Environment Responsibility
Acceptance Act
BRE – 140 Real Estate Appraisal
? Integrated Waste
Management Act of 1989
? California Coastal
Sanctuary Act of 1994
? Williamson Act
? Telecommunications Act
of 1996
? Solar Shade Control Act
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Part II.
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Private Restrictions
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A. Restrictive Covenants Running with the Land
?
Related to Property
?
Subdivision Restrictions
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? Covenants vs. Conditions
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Educating Generations, Building Communities
? Any private restrictions forbidding transfer of property based on
race, religion, ancestry, national origin, sex, or physical disability
are illegal.
? Additionally, any covenant, restriction or condition that effectively
prohibits or restricts the installation or use of a solar energy system is
void and unenforceable.
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Educating Generations, Building Communities
? CALIFORNIA GREEN BUILDING STANDARDS CODE California is the
first state to adopt a green building code that imposes energy
efficiency and other green standards on new construction in an
effort to achieve reductions in naturals resource consumption and
greenhouse gas emissions.
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Educating Generations, Building Communities
I.
Public Restrictions
II.
Private Restrictions
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Educating Generations, Building Communities
? Read Next Chapter
? Write Reflection Summary
? Study for Quiz
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Educating Generations, Building Communities
? Schedule 1 hour of study every day
? Plan to be early!
? Always be ready
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Only what you put into it!
? Take Notes
? Stay Engaged
? Think of How to Apply
? Ask Questions
? Participate / Share
? Do Activities
? Be Grateful
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Educating Generations, Building Communities
? Educate yourself by attending class
? Assignments & Activities
? Read every day
? Never stop learning!
The more you LEARN the more you EARN.
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Student Learning Objectives met
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Victor Valley College
Victor Valley College
BRE – 110 Real Estate Law
8/18/2021
2
Never mistake knowledge
for wisdom. One helps you
make a living; the other
helps you make a life.
BRE – 110 Real Estate Law
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Civil Rights and Fair
Housing Laws
Educating Generations, Building Communities
I.
Historical Background
II.
Federal Legislation
III. California Legislation
IV. Case Examples of Discrimination
V. Extent of Liability for Discrimination
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Part I.
Historical Background
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Educating Generations, Building Communities
? Civil rights were first passed more than 120 years ago
? Civil Rights Act of 1866 signed shortly after Civil War
? Early civil rights were originally interpreted to only prohibit
discrimination that involved STATE ACTION
? Landmark case concerning real estate discrimination in 1948,
Shelley v. Kraemer, 334 U.S.1
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Part II.
BRE – 110 Real Estate Law
Federal Legislation
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Educating Generations, Building Communities
A. Civil Rights Act 1866
1. Enforcement
? Injunction
? Compensatory damages, and
? Punitive damages
2. Constitutionality
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Educating Generations, Building Communities
? Title VIII of the Civil Rights Act of 1968 is commonly called the Federal
Fair Housing Act.
1. Application
?
Sales
?
Rentals
?
Residential exchanges
2. Exemptions
?
Single Family Home sold by private individual
?
Room rentals
?
Religious organizations/non profit groups with their own property
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Educating Generations, Building Communities
3. Disability
?
A disability as defined under the law is a physical or mental
impairment or condition that substantially limits one or more of a
persons major life activities.
4. Prohibited Acts
?
Steering
?
Blockbusting
?
Redlining
5. Enforcement
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Educating Generations, Building Communities
? Equal Credit Opportunity Act – applies to consumer credit
? Home Mortgage Disclosure Act is a tool for gathering information
on whether lenders are fulfilling their obligation to serve the housing
needs of their communities.
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Part III.
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California Legislation
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Educating Generations, Building Communities
A. Unruh Civil Rights Acts
?
Enforcement
B. Californias Fair Employment and Housing Act (FEHA)
?
Illegal Discrimination Defined
?
Illegal Discriminatory Activities
?
Enforcement
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Educating Generations, Building Communities
C. Housing Financial Discrimination Act
D. Real Estate Commissioners Regulations
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Part IV.
BRE – 110 Real Estate Law
Case Examples of
Discrimination
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A. Renting and Selling
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B. Advertising
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C. Disability
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D. Age
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Part V.
BRE – 110 Real Estate Law
Extent of Liability for
Discrimination
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? Compensatory Damages an
award intended to reimburse a
plaintiff for actual out-ofpocket expenses and provide
compensation for mental and
emotional distress caused by
discrimination
? Punitive Damages an award
intended to punish the
wrongdoer and discourage
others from discriminating
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BRE – 110 Real Estate Law
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Educating Generations, Building Communities
I.
Historical Background
II.
Federal Legislation
III. California Legislation
IV. Case Examples of Discrimination
V. Extent of Liability for Discrimination
BRE – 110 Real Estate Law
8/18/2021
26
Educating Generations, Building Communities
? Read Next Chapter
? Write Reflection Summary
? Study for Quiz
BRE – 110 Real Estate Law
8/18/2021
27
Educating Generations, Building Communities
? Schedule 1 hour of study every day
? Plan to be early!
? Always be ready
BRE – 110 Real Estate Law
8/18/2021
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Only what you put into it!
? Take Notes
? Stay Engaged
? Think of How to Apply
? Ask Questions
? Participate / Share
? Do Activities
? Be Grateful
BRE – 110 Real Estate Law
8/18/2021
29
Educating Generations, Building Communities
? Educate yourself by attending class
? Assignments & Activities
? Read every day
? Never stop learning!
The more you LEARN the more you EARN.
BRE – 110 Real Estate Law
8/18/2021
30
Student Learning Objectives met
BRE – 110 Real Estate Law
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31
BRE – 110 Real Estate Law
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Victor Valley College
