Contact us! 877-635-9944

GENERAL INFORMATION PAGE

Lumbleau Real Estate School

Lumbleau.com

23805 Hawthorne Blvd.

Torrance, CA 90505

DRE Sponsor No: S0577

 

College Equivalent Correspondence Courses:

Course Title   Credit Final Time Allowed
Real Estate Principles   45 Hour - 3 Unit Course 100 MC 100 min.
Real Estate Practice   45 Hour - 3 Unit Course   100 MC 100 min.
Legal Aspect of Real Estate   45 Hour - 3 Unit Course   100 MC 100 min.
Real Estate Finance   45 Hour - 3 Unit Course   100 MC 100 min.
Real Estate Appraisal   45 Hour - 3 Unit Course   100 MC 100 min.
Real Estate Economics   45 Hour - 3 Unit Course   100 MC 100 min.
Property Management   45 Hour - 3 Unit Course   100 MC 100 min.
Escrows   45 Hour - 3 Unit Course   100 MC 100 min.
Mortgage Loan Brokering and Lending   45 Hour - 3 Unit Course   100 MC 100 min.

 

Course Fees:

$39 per course + $39 per textbook

 

Method of Delivery:

Correspondence-Online testing required.

 

Minimum Time of Completion

Per DRE regulations, the minimum time required to complete each 3-unit course is eighteen (18) calendar days.

The maximum time to complete the package is one year from the date of enrollment. Completion of the course(s) includes taking and passing the final examination for each course. Enrollment period is for one year. Course final examinations must be taken before midnight of your expiration date.

 

Course Instructions

Read the textbook. Minimum study time for each college equivalent course is 18 days. The final exam is available any time after 18 days during your enrollment period. If you enrolled in 3 courses, the first exam is available on day 18, the second exam is available on day 36, and the third exam is available on day 54.

 

Final Examination

You will be required to take and pass an open-book final examination for each course. A passing score is 70% or better. Final exam questions are based upon the text material.

 

What Happens If I Fail?

If you should fail the course final examination, you will be given another opportunity to take an alternate final examination. The questions in the re-examination will be different questions than those asked in the original final examination. If you do not pass the second time, you must retake the course including the minimum 18- day enrollment period required before taking the final exam. There is no limit to the number of attempts for the final examination during the enrollment period. Final exams are not available for download or printing.

 

Course Completion Certificate

A Course Completion Certificate is available to be printed from your homepage upon successful completion of each college equivalent course. DRE requires a copy of the course completion certificate along with your license and exam application available on your homepage. Lumbleau Real Estate School does not supply the certificates to DRE.

 

Refund Policy

If you decide to cancel your enrollment for any reason, we will issue a 100% refund if cancellation occurs by midnight of the 30th business day after the date of enrollment. No refund will be issued after the above-mentioned time. If you paid by credit card, your account will be credited within 30 days. All textbooks must be returned to the school in good and usable condition*, within 10 days of the date of cancellation. If you do not return the material supplied by the school within this 10-day period, the school may keep an amount out of what you paid that equals the price of the textbooks for the course. The school will refund any amount over that as provided above.

 

* Good and usable condition means that the textbook is unmarked and undamaged by shipping. It shall be the student's responsibility to package and ship the course material in such a manner as to assure compliance.

 

Disclaimer Statement

Although every effort has been made to provide accurate and current information in this text, the ideas, suggestions, general principles and conclusions presented in this text are subject to local, state and federal laws and regulations, court cases and any revisions of same. The author and/or publisher is not engaged in rendering legal, tax, or other professional services. The reader is thus urged to consult with his/her employing broker and/or seek legal counsel regarding any points of law. This publication should not be used as a substitute for competent legal advice.

 

Each course is approved as a 3-unit college equivalency course 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.

 

Correspondence Course Identification Statement

Participants shall present one of the following forms of identification immediately before the administration of the final examination:

 

A. A current California driver's license.

B. A current identification card described in Section 13000 of the California Vehicle Code.

C. Any identification of the participant issued by a governmental agency or a recognized real estate related trade organization within the immediately preceding five year which bears a photograph, signature and identification number of the participant.

 

Department of Real Estate Course Evaluation

The purpose of this evaluation is to assist the DRE in better serving the educational needs of real estate licensees. Each student may access the DRE Course Evaluation form at this link: http://dre.ca.gov/files/pdf/forms/re318a.pdf

 

Course Provider Complaint Statement

A course provider complaint form is available on the California Department of Real Estate (DRE) website at www.dre.ca.gov. Access this form by typing in "RE 340" in the search box located in the upper right corner of the home page. An informational form regarding course provider complaints, "RE 340A" is also available.

 

Contact Us

We have staff available 7 days a week 9-5 pm toll-free at 877-635-9944 and via email at support@lumbleau.com.

 

Course Descriptions

 

Real Estate Principles

by Walt Huber

Approved for 3-unit College Equivalency Course

An ideal introductory text for beginning real estate students and an excellent study guide for those taking the state license exam.

 

Real Estate Practice

by Walt Huber

Approved for 3-unit College Equivalency Course

Provides the person interested in a career as a real estate broker with basic information pertinent to the various aspects of real estate practice.

 

Legal Aspects of Real Estate

by Walt Huber

Approved for 3-unit College Equivalency Course

Legal concepts are simplified, and relevant Internet sites have been added. This textbook is not only excellent for real estate beginners, but also and excellent review and reference book for buyers, sellers, and their agents.

 

Real Estate Finance

by Walt Huber

Approved for 3-unit College Equivalency Course

A simple, step-by-step guide to understanding the real estate finance processing, from credit scoring, to filling out a loan application, to closing the loan.

 

Real Estate Appraisal

by Walt Huber

Copyright 2018

490 pages

5th Edition

Approved for 3-unit College Equivalency Course

This text is not only designed for students who wish to pursue real estate appraisal as a career, but also for other real estate professionals, such as brokers, salespeople, and loan officers, who can benefit from understanding why one property is worth more than another. This book covers a 60-hour course as recommended by the 2013 Appraisal Foundation Requirements.

 

Real Estate Economics

by Derf Fredericks

Copyright 2018

502 pages

1st Edition

Approved for 3-unit College Equivalency Course

An interesting and entertaining look at California real estate economics including basic economic principles, history of money, and boom and bust cycles. Key economic topics are emphasized in a simple, easy-to-read format. The real estate profession is one of the main hubs which drive the U.S. economy while creating the highest percentage of wealth for many Americans. Economics is the study of money, land, labor, investments, income, job production, taxes, individual well-being, and governmental expenditures. Current economic real estate trends are discussed including digital money and how Millennials will impact our economy. Probable outcomes of real estate decisions are explained, and trends from which one can make wiser money-making decisions are identified. This is an ideal introductory text for beginning real estate students and an excellent study guide for those taking the state license exam.

 

Property Management

by Walt Huber

Approved for 3-unit College Equivalency Course

Designed as a primary textbook for property management courses, it will inform and inspire both novice and experienced property managers.

 

Escrows

by Walt Huber

Approved for 3-unit College Equivalency Course

A complete introductory course designed for beginning students who have limited business and legal knowledge. Basic escrow theory is explained as simply as possible without sacrificing thoroughness or clarity.

 

Mortgage Loan Brokering and Lending

by Walt Huber

Approved for 3-unit College Equivalency Course

Designed to provide students with broad technical knowledge of state and federal laws which govern mortgage loan brokerage and lending in California.