Lumbleau Real Estate School

College Equivalent Courses

3655 Torrance Blvd. Ste 120

Torrance, CA 90503

DRE Sponsor No: S0577

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

Course Fees:

$69 per course + $59 per textbook

Method of Delivery:

Correspondence/Internet-Online testing required.

Minimum Time of Completion

Per Department of Real Estate (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. 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.

This course is approved for college equivalency 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.

Correspondence Course Identification Statement

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

A current California driver's license.
A current identification card described in Section 13000 of the California Vehicle Code.
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

A course and instructor evaluation is available on the California Department of Real Estate (DRE) website at https://www.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 https://www.dre.ca.gov/files/pdf/forms/re340.pdf. An informational form regarding course provider complaints is also available at https://www.dre.ca.gov/files/pdf/forms/re340a.pdf.

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 John Lumbleau & Derf Fredericks

506 pages

1st Edition

Approved for 3-unit College Equivalency Course

A detailed introductory course on California real estate written by the renowned motivational speaker and sales trainer John Lumbleau and updated by Derf Fredericks, a 40-year real estate broker and educator. This course title is required by the California Department of Real Estate (DRE) to obtain a real estate license. Real Estate Principles is also an excellent resource for those interested in improving their real estate knowledge and an excellent study guide for those taking the state salesperson and broker license exam.

Real Estate Practice

by Derf Fredericks

362 pages

3rd Edition

Approved for 3-unit College Equivalency Course

New licenses and students wanting to work in real estate sales will appreciate this informative textbook on real estate practices written in an easy to read and understand format. Real estate careers are examined including residential sales, investments, property management, lending and appraisal.

Working with buyers and sellers is detailed with the latest disclosures and contracts available.

Extensive use of links is provided in each chapter providing access to reports, civil codes, Commissioner Regulations, and additional disclosures. Quizzes, standard forms exercise, 100 questions sample test, and an all-inclusive glosary is included.

An interactive component is included as required by the DRE as of 1/1/2024.

Legal Aspects of Real Estate

by Realty Publications

472 pages

6th Edition

Approved for 3-unit College Equivalency Course

Legal Aspects of Real Estate: Presents a selection of working examples covering issues pertaining to real property estates, vestings, disputes involving neighboring properties, water rights and restrictions on property use. Also discussed are property title conditions and insurance, conveyancing, involuntary liens, the enforcement of real estate rights and remedies for financial recovery in a transaction gone awry. Special emphasis is placed on influential court cases which shape real estate law.

Real Estate Finance

by Realty Publications

632 pages

6th Edition

Approved for 3-unit College Equivalency Course

Real Estate Finance: Discover what every well-informed real estate broker must know about private lending and carryback sales, including a full review of notes, trust deeds and other security devices, as well as their provisions and foreclosure procedures. Plus, an analysis of the two recently enacted major consumer protection laws passed in response to the great recession. The 2008 Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act) and the 2010 Dodd-Frank Wall Street Reformed Consumer Protection Act (Dodd-Frank).

Real Estate Appraisal

by Derf Fredericks

396 pages

1st Edition

Approved for 3-unit College Equivalency Course

Real Estate Appraisal will equip students with the necessary knowledge to understand both the theory and practice of Real Estate Appraisal in California. The book follows a structured approach, starting with general theory and then progressing to specific practices, ensuring students comprehend not just the 'how' but also the 'why' of real estate appraisals. This deep understanding will make them competent in completing simple real estate appraisals and enable them to assist clients in navigating the challenges of buying and selling properties. The comprehensive knowledge gained from this book will also be valuable in representing clients effectively and addressing appraisal issues. The book emphasizes the importance of fact-based decision-making in the real estate profession and mentions the Uniform Standards of Professional Appraisal Practice (USPAP), which is a set of guidelines used by all appraisers. Overall, reading and mastering the content in this textbook will enhance one's knowledge and practice in the real estate field.

Real Estate Economics

by Derf Fredericks

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 Realty Publications

632 pages

6th Edition

Approved for 3-unit College Equivalency Course

Analyzes the detailed and exacting rules of leasing and renting both residential and commercial income properties. Forms and notices required to establish management and leasing agencies, to create, manage and terminate tenancies, and to preserve rent obligations for enforcement are described for ease of use by property owners, managers and leasing agents.

Escrows

by Derf Fredericks

402 pages

1st Edition

Approved for 3-unit College Equivalency Course

A thorough review of the real estate escrow process in California for students new to the industry. Escrow procedures are clearly presented. Students are also provided practice exercises to fully understand escrow operations even with limited business experience.

Mortgage Loan Brokering and Lending

by Walt Huber

488 pages

5th Edition

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.