Are you interested in real estate finance? Financing real estate is essential for most buyers; this is true for both residential and commercial properties. While the price of property can fluctuate most simply do not have the capital on hand to purchase in whole, or they do not want to make that large an investment all at once. Financing lets individuals and companies purchase property while spreading payment out over the long term. | www. dynastycom Dynasty School i This publication is designed to provide accurate and authoritative information in regard to the subject matter covered. Although a great deal of care has been taken to provide accurate and current information the ideas suggestions general principles and conclusions presented in this text are subject to local state and federal laws as regulations court cases and any revisions of same. The reader is urged to consult legal counsel regarding any points of law. This publication should not be used as a substitute for competent legal advice. Real Estate agents are urged to refer to two indispensable reference sources Real Estate law and Real Estate Reference Book published by California Department of Real Estate. Please visit DRE s web-site . Or you may order via our school. All CAR forms Reprinted with Permission California Association of Realtors . Endorsement not implied. Copyright 2002 by Dynasty School. All rights reserved. No part of this material may be reprinted reproduced transmitted stored in a retrieval system or mechanical including photocopying or recording now existing or hereinafter invented nor may any part of this course be used for teaching real estate without the prior written permission of Dynasty School. 1st Edition August 2002. Printed in the United States of America. ii Licensing School for Appraisal CPA Contractors Insurance Real Estate Notary Nurse Food Handlers Tax and Securities Preface A career in real estate finance can be exciting and profitable if a person is selfmotivated and with the skills and tools needed. This book is intended for those who seek to gain knowledge as a real estate licensee for individuals to enter the real estate finance business and also for persons already actively working in the industry. Real estate is expensive and few people ever accumulate enough savings to pay for it with all cash. Most real estate transactions hinge therefore on the buyer s .