Principles of Real Estate

California Real Estate Principles is easy to understand, yet rigorous in reinforcing the terms and concepts necessary to pass the California real estate license exam. This edition has been updated to reflect California’s latest legislative changes. The authors have added fresh examples, new Student Learning Outcomes, and updated Reviewing Your Understanding questions throughout. Math has been moved out of the main text to the appendix, so students have a single place to look for all formulas and real estate math. This text contains everything you need to dive headfirst into your real estate career.


  • New disclosures chapter explores sellers’ and agents’ disclosure obligations, as well as supplemental statutory disclosures.
  • Expanded appraisal chapter includes more detail on the Home Valuation Code of Conduct (HVCC), updates reflecting the 2014-2015 revisions of USPAP, and updated categories of licensing/certification reflecting January 2015 legislative changes.
  • Provides expanded discussion of the various listing agreements and reviews the latest version of the Residential Purchase Agreement.
  • Includes updated information on the California license exam.

Table of Contents

Chapter 1: A Career in Real Estate and the California Department of Real Estate License Examination Requirements
Chapter 2: Introduction to Real Estate
Chapter 3: Real Estate Agency
Chapter 4: Real Estate Disclosures
Chapter 5: Real Estate Contracts
Chapter 6 Part I: Legal Descriptions, Methods of Acquiring Title, and Deeds
Chapter 6 Part II: Estates and Methods of Holding Title
Chapter 7: Encumbrances, Liens, and Homesteads
Chapter 8: Introduction to Real Estate Finance
Chapter 9 Part I: Real Estate Lenders
Chapter 9 Part II: FHA, VA, and Cal-Vet Loans and the Secondary Mortgage Market
Chapter 10: Real Estate Appraisal
Chapter 11: The Role of Escrow and Title Insurance Companies
Chapter 12: Landlord and Tenant Relations
Chapter 13: Land-Use Planning, Subdivisions, Fair Housing, and Other Public Controls
Chapter 14: Introduction to Taxation
Chapter 15: Single-Family Homes and Mobile Homes
Appendix A: The California State Examination
Appendix B: Practical Real Estate Mathematics

California Real Estate Principles is also an excellent reference book for real estate professionals.

Method of Course Presentation:
Live Instruction                                                                                   46.25 Hours of Instruction
Online Study                                                                                        45 Hours
Course Dates & Location
Classes are Monday – Wednesday from 6pm-10:15pm. Classes are held at the office, located at:
3820 Coffee Rd #1, Bakersfield, CA 93308

To register for our Live Instruction classes: Please call us at (661) 334-4000 for an appointment to register in person or registration can be done over the phone.
Live Instruction Course Fees: $195
Online Course Fees: $95
(includes text book)
Textbook Used in Class
Title: California Real Estate Principles
Authors: McKenzie, Brady & Estes
Copyright Date: 2016
Number of Pages: 524 (including glossary and index)
Edition: 10.1
Refund/Cancellation Policy
A student has 5 days from registration date to cancel and receive a full refund. Otherwise, a student up to 30 days from registration date to cancel and request a refund, however, after the 6day of registration, the refunded money will be less $50. All cancellations and refund request must be made in writing and all materials must be returned before refund will be made. Cancellations submitted 31 days after registration are not entitled to a refund.
Live Course Identification Statement
Participants shall present one of the following forms of identification below immediately before admittance to a live presentation of an offering:
A. A current California driver’s license.
B. A current identification card described in Section 13000 of the California Vehicle Code

Correspondence Course Identification Statement
Participants shall enter a 4-digit code representing their birth month and day prior to entering exam and present one of the following forms of identification immediately before the administration of the final examination:
A. A current California driver’s license number.
B. A current identification card number as described in Section 13000 of the California Vehicle Code.
Final Exam Criteria
Consists of 100 multiple choice questions and students have 3 ½ hours to complete. We offer 2 different final exams. Should a student fail their first attempt, they will receive the secondary exam on their next appointment. Students also need to wait 18 days before making another attempt. You must receive a 60% or higher to pass.
1-Year Enrollment Period / Reenrollment
Your enrollment includes 1 year of access to the course reading materials, quizzes, exams and the America West School or Real Estate services. If you do not pass your exams within the 1-year enrollment period, you must re-enroll in order to take the exams. The re-enrollment fee is $125 for live instruction and $50 for online study, and includes another full year of enrollment in the 45-hour course. Re-enrollment resets the minimum study time, quizzes and any unfinished exams. Re-enroll by 1) calling (661) 334-4000 or 2) coming into the office. Reenrollment does not include new set of books.
DRE Disclaimer Statement
This course is approved for pre-license 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, instructors, authors, or lecturers.
Online Evaluation Statement
A course and instructor evaluation is available on the California Department of Real Estate (DRE) website at  Access this form by typing in “RE 318A” in the search box located in the upper right corner of the home page.