Lumbleau Real Estate School

Continuing Education Course

3655 Torrance Blvd. Ste 120

Torrance, CA 90503

DRE Sponsor No: 5107

Course Title	Hours	Category	Quizzes	Final Exam	Time Allowed	Price
Agency	3	Agency	3	15 multiple choice	15 minutes	$25
Ethics	3	Ethics	3	15 multiple choice	15 minutes	$25
Fair Housing	3	Fair Housing	3	15 multiple choice	15 minutes	$25
Management & Supervision	3	Management & Supervision	3	15 multiple choice	15 minutes	$25
Risk Management	3	Risk Management	3	15 multiple choice	15 minutes	$25
Trust Fund Handling	3	Trust Fund Handling	3	15 multiple choice	15 minutes	$25
Economics and Real Estate	10	Consumer Protection	4	30 multiple choice	30 minutes	$25
Real Estate Contracts	15	Consumer Protection	5	40 multiple choice	40 minutes	$25
Implicit Bias Training	2	Implicit Bias Training	2	15 multiple choice	15 minutes	$25

Course Fees:

$25 per individual course. $69 for 45-hour package. - Purchase CE Now!

Online textbooks included. Optional printed textbook: $39 + $5 shipping - includes all 8 courses.

Method of Delivery:

Correspondence/Internet-Online testing required.

Minimum Time of Completion

Per Department of Real Estate (DRE) regulations, students are limited to completing a maximum of 15 credit hours during any one 24-hour period. The minimum time required to complete a 45-hour continuing education set of courses is six (6) days. The maximum time to complete the package is one year from the date of enrollment. Completion of the course(s) includes completing the required quizzes and passing the final examination for each course. Enrollment period is for one year. All course final examinations must be taken before midnight of your expiration date.

Course Instructions

Read the textbook. Complete the required quizzes online. Final examinations for each course are enabled online on day four (4) after enrollment. A final exam is required for each course.

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. The final examination is timed to allow one minute per question. Final examination timing is listed at the top of this General Information Page and also on the Final Examination Instructions for each course.

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 quizzes 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 continuing education course. DRE requires a copy of the course completion certificate along with your renewal application. 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 or for completed courses. 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 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.

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.

By entering one of the above forms of identification you are affirming, under penalty of perjury, that you are the student registered for this course and that you personally will complete the final examination. Any violation of this section will result in revocation of the completion certificate for this course and will be reported to the Department of Real Estate.

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

Agency

By Derf Fredericks

41 pages

1st Edition

A DRE required course approved for 3 hours continuing education.

Readers of this course will learn more about the importance of establishing agency relationships, the many different ways to establish agency with principals or other parties, the various options of agency available, and the agent's fiduciary duties of loyalty to one or more principals in each real estate transaction. Agency relationships can be established by an agent's actions, words, and/or by way of signed agency agreement contracts.

Principals can agree, informally or formally, to appoint an agent to assist them by way of their own actions, words, and/or with a signed agency relationship contract. Agents must be honest and forthright. They also owe a duty of loyalty to their principals in real estate transactions regardless of which type of agency relationship has been established as we will cover in detail in the coursework.

Ethics

By Derf Fredericks

37 pages

1st Edition

A DRE required course approved for 3 hours continuing education.

The field of real estate involves relationships of trust, fiduciary, and confidence between principals and their appointed agents. For the vast majority of real estate clients or principals, the purchase of their primary owner-occupied home will likely represent the most expensive investment decision that they will ever make in their entire life.

Real estate is a complicated process involving multiple decisions related to value estimates, complex financial decisions, and usually involving large sums of the principal's cash for things such as down payments and closing costs. In most real estate transactions, the buyer or seller probably has never bought or sold more than one or two properties in their lifetime, so they will rely upon the expertise, honesty, and ethics of their agents to guide them through the process. An agent who is not ethical could cost their clients a lot of money and significant amounts of stress. This is why ethics is so important to the real estate profession.

Fair Housing

By Derf Fredericks

40 pages

1st Edition

A DRE required course approved for 3 hours continuing education.

This course will cover U.S. and California rules, regulations, and laws which prohibit the discrimination of mortgage or other credit applicants based upon race, color, nation of origin, gender, handicap, or familial status issues. These same anti-discrimination laws also apply towards tenant, buyer, and seller prospects. Many of the Fair Housing laws included within this coursework date back several decades. This course information is especially important for mortgage and real estate professionals to learn and understand since breaking any of these anti-discrimination laws can result in the loss of professional licenses, fines, civil litigation, and criminal liabilities. Also included is an interactive participatory component as required by the DRE as of 1/1/2023.

Management and Supervision

By Derf Fredericks

41 pages

1st Edition

A DRE required course approved for 3 hours continuing education.

The ultimate responsibility, both financially and legally, is directly linked to the primary supervising broker and owner of the real estate office. It is in the broker's best interests that he or she properly educate and train the broker-associates and salespersons who work under the broker's main personal or corporate license.

The field of real estate is fluid with rules, procedures, contracts, disclosure forms, and marketing strategies rapidly changing over time. It is critically important for brokers to hold staff meetings on a consistent basis in order to keep the agents and employed staff up to date with the latest real estate guidelines and requirements.

Within this course, readers will learn about Broker Compliance regulations, supervision, office policies and procedures, training options, and the importance of trust funds and records management.

Risk Management

By Derf Fredericks

43 pages

1st Edition

A DRE required course approved for 3 hours continuing education.

Many opportunities in life also may come with significant risks right alongside with it. Rules, regulations, and laws with the real estate and finance professions are quite fluid in that they can rapidly change on a year-to-year basis. What was true last year in the real estate profession may now be something that can cause a real estate agent to end up with a suspended or revoked license.

The importance of keeping up-to-date with the most current rules and laws which directly impact the real estate and financial professions cannot be understated. Real estate agents are required to take continuing education and training courses often throughout their careers since rules and laws change so often. The old saying "Knowledge is power" is very true and so is the fact that knowledge can also minimize licensing suspension risks and future legal conflicts.

Trust Fund Handling

By Derf Fredericks

41 pages

1st Edition

A DRE required course approved for 3 hours continuing education.

Readers will learn about the importance and significant liabilities of trust fund and escrow accounts in the real estate profession. In many ways, the managing broker of a real estate firm acts somewhat like a bank, insurance company, accounting firm, and real estate agency all rolled into one once the brokerage agency begins accepting trust fund checks from clients and other principals. This is why it is extremely critical that brokers and their agents properly maintain solid accounting records of funds received and disbursed within a timely manner.

Economics and Real Estate

By Derf Fredericks

124 pages

1st Edition

A DRE approved course for 12 hours of Consumer Protection.

Economics and real estate go hand-in-hand together as they ride the various positive and negative boom and bust cycles. Strong economic time periods have historically been when interest rates were low, consumer demand for products like houses were high right alongside solid retail consumer spending, and unemployment rates were low. Conversely, weak consumer spending numbers and higher interest and unemployment rates during more sluggish economic eras can cause weaker residential and commercial real estate sales and price trends.

Within this course, readers will learn about the various "cause and effect" outcomes which are directly related to economic factors such as interest rates, the access to bank and other types of third party money, the strength of the local and national job markets, demographic trends, and family dynamics for generational groups like Millennials and Baby Boomers, and the current faith in the directions of the overall U.S. economy by most consumers. We will also explore the origins of money, the ever-changing access to money (both physical and digital) since money does truly "make the world go 'round" as the old saying goes, and the fact that Economics is really just the study of human behaviors at the most basic root core.

Real Estate Contracts

By Derf Fredericks

140 pages

1st Edition

A DRE approved course for 15 hours Consumer Protection.

The field of real estate is based upon establishing verbal relationships between two or more parties first by way of spoken communication in most cases. These informal relationships usually evolve into more formal relationships with written contracts and disclosure forms. A written relationship, financial, or purchase agreement is generally more solid than an agreement based upon spoken words between parties since one party may have a different memory of past events or mutually agreed upon key points.

Implicit Bias Training

By Derf Fredericks

34 pages

1st Edition

A DRE approved course for 2 hours of Implicit Bias Training.

The California legislature requires all real estate agents to complete an Implicit Bias Training course when renewing their real estate license after January 1, 2023. This course defines the different types of implicit bias and how attitudes and beliefs affect our actions. We cover the historic and social impacts of bias on our society and how to recognize and address our own biases. Improve your social and work relationships by expanding your diversity, inclusion, and both verbal and non-verbal communication.