|9/24/2022 6:09:15 PM||
|Discipline and Nbr:
REAL ESTATE ESCROW||
Real Estate Escrow
|Units||Course Hours per Week|| ||Nbr of Weeks||Course Hours Total
|Maximum||3.00||Lecture Scheduled||3.00||17.5 max.||Lecture Scheduled||52.50
|Minimum||3.00||Lab Scheduled||0||17.5 min.||Lab Scheduled||0
| ||Contact DHR||0|| ||Contact DHR||0
| ||Contact Total||3.00|| ||Contact Total||52.50
| ||Non-contact DHR||0|| ||Non-contact DHR Total||0
Title 5 Category:
AA Degree Applicable
00 - Two Repeats if Grade was D, F, NC, or NP
Also Listed As:
| ||Total Out of Class Hours: 105.00||Total Student Learning Hours: 157.50||
Fundamental principles and basic procedures involved in ordinary escrow transactions and title insurance coverage. Designed for real estate licensees and those desiring careers in title insurance and escrow fields. Applies toward educational requirements for the California Real Estate Broker's examination.
Eligibility for ENGL 100 or ESL 100
Limits on Enrollment:
Schedule of Classes Information
Fundamental principles and basic procedures involved in ordinary escrow transactions and title insurance coverage. Designed for real estate licensees. Meets California Real Estate Broker exam education requirement.
Recommended:Eligibility for ENGL 100 or ESL 100
Limits on Enrollment:
Repeatability:00 - Two Repeats if Grade was D, F, NC, or NP
ARTICULATION, MAJOR, and CERTIFICATION INFORMATION
Certificate Applicable Course
Outcomes and Objectives:
Upon completion of the course, students will be able to:
|CSU GE:||Transfer Area|| ||Effective:||Inactive:
|IGETC:||Transfer Area|| ||Effective:||Inactive:
|CSU Transfer:||Transferable||Effective:||Fall 1981||Inactive:||
Upon successful completion of the course, students will be able to:
1. Identify and organize escrows required by law.
2. Examine real property versus personal property.
3. Differentiate among the six elements of an escrow.
4. Compare and contrast buyers/sellers instructions.
5. Compare and contrast deeds/deeds of trust.
6. Complete a basic real property escrow including buyers' instructions
and sellers' instructions.
7. Complete escrow prorations/adjustments including interest, taxes, and
8. Diagram the steps for successful title search, transfer and recording
of legal document(s).
Topics and Scope
1. Definitions of an escrow
a. Reasons for escrow
b. Escrows required by law
c. Real property/personal property escrows
d. Escrow holders
2) Independent companies
2. Escrow basics and instructions
b. Amendments to instructions
a. Beneficiary demand statement
b. Rent statement
c. Commission statement
4. Instruments of transfer
c. Deeds of trust
5. Computations: prorations and adjustments
6. Elements of an escrow
a. Obtain instructions from the parties
b. Draw instruments of transfer
c. Obtain a policy of title insurance
d. Collect funds from appropriate parties
e. Record transfer at county level
f. Distribution of funds to seller and deed to buyer
7. Title search and transfer
a. title search resulting in preliminary report
b. disposition of property prior to sale and legal description
c. documentation of liens, encumbrances and prior recorded status of
d. title insurance issuance
e. record of transfer through appropriate instrument
1. Weekly reading assignments of 15-30 pages
2. Chapter questions
2. Quizzes and exams
4. Fieldwork: field trip to county recorder's office and/or title plant
5. Research paper related to field trip with minimum of 2 pages.
Methods of Evaluation/Basis of Grade.
Representative Textbooks and Materials:
|Writing: Assessment tools that demonstrate writing skill and/or require students to select, organize and explain ideas in writing.||Writing
5 - 30%
|Problem solving: Assessment tools, other than exams, that demonstrate competence in computational or non-computational problem solving skills.||Problem Solving
5 - 10%
|Skill Demonstrations: All skill-based and physical demonstrations used for assessment purposes including skill performance exams.||Skill Demonstrations
5 - 10%
|Exams: All forms of formal testing, other than skill performance exams.||Exams
45 - 70%
|Multiple choice, True/false, Essay exam||
|Other: Includes any assessment tools that do not logically fit into the above categories.||Other Category
5 - 15%
CALIFORNIA REAL ESTATE ESCROW by Dr. Donna L. Grogan. Dearborn Publishing
copyright February 2005.