In this first of the 3-part series on Subdivision bonds you will learn a bit about the history of land ownership in California, from the days when it was owned by Spain, then Mexico, to the present day Subdivision Map Act, and what that all means for land ownership. A discussion is held on the law changes in California and why California has adopted such a rigorous land use regulation, which is codified in the CA Subdivision Map Act (the SMA). From its inception in 1893 to today, the SMA has had many changes but the process required under the SMA has culminated in significant clarity to land ownership as well as providing protection to the many participants in the process.
The process of taking a "parcel of land owned by one" and subdividing it into several lots "owned by many" is one that places upon most developers the responsibility of obtaining an Improvement Bond, or other form of security, to provide protection to the many participants. At the conclusion of this course you will have a stronger background in the understanding of the risks associated with not only the Improvement Bond, but a better understanding of the overall risks your developer clients face when tackling a new project, and you will become familiar with much of the terminology used in this class of surety by your developer clients.
While each of the 3 parts will stand alone and it is not required to take all 3 parts to this Improvement and Subdivision Bond series, it is highly recommended. After taking this course, it is likely you will want to delve a bit deeper into this subset of the surety industry and finish Part 2 and Part 3 to capture a new client base of opportunities!
| DOI #: | 387846 |
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| Format: | |
| Hours: | 2 |
| Credits: | 2 |
| Price: | $65.00 |
Refund Policy: If you are not fully satisfied with the course material and you have not started the final exam, we will refund your full purchase price if you notify us within 30 days. After 30 days, or if you have started the final exam, there will be no refunds given.