2007 BMW 335i throwing multiple codes all of the sudden, abs, traction control, transmission, airbags, seatbelts, cel , fan runs at high speed. Any ideas?

First you need to have EBCM - electronic brake control module check for DTC'S - diagnostic trouble code's . If the light is on there is a code stored . I think most part stores can do this and for free . After you find out what code is stored , looking up that code in service repair information for diagnostic trouble shooting chart would be next step . There are a few codes too.
DTC C0035 or C0040
DTC C0045 or C0050
DTC C0110
DTC C0131
DTC C0161
DTC C0186
DTC C0196
DTC C0201
DTC C0240
DTC C0241 or P0856
DTC C0244 or P1689
DTC C0245
DTC C0283
DTC C0287
DTC C0290 or C0292
DTC C0455
DTC C0550
DTC C0558

Find the code do the diagnostic's , fix the problem , wiring issue's , a sensor , bad module ,what ever it is . The light will go out then . Here is a sample of code discription .
• DTC C0035 Left Front Wheel Speed Sensor Circuit
• DTC C0040 Right Front Wheel Speed Sensor Circuit

Sounds like you have a bad speed sensor on the ABS. Have the ABS scanned for codes. If you want to test this, unplug one of the speed sensors. The ABS light should come on and disable the traction control system. Then the transmission should work fine. If it does, diagnose the ABS/Traction control system.

According to http://repairpal.com/OBD-II-Code-P0500:

Vehicle Speed Sensor Malfunction
Symptoms

• Check Engine Light will illuminate
• Vehicle may not shift properly
• Speedometer may not operate correctly
• In some cases, there are no adverse conditions noticed by the driver
• In some cases, there may be performance problems and/or shifting problems.
• Other warning lights may come on such as the ABS light and Traction Control light.

Common Problems That Trigger the P0500 Code

• Defective Vehicle Speed Sensor
• Defective Speedometer
• Vehicle Speed Sensor wiring or connector
• Communication (CAN) bus problems
• Defective transmission or differential Vehicle Speed Sensor drive gear

Common Misdiagnoses

• Speedomter problem
• Internal Transmission problem
• ABS/Traction Control probelm
• Driveline problem

the ABS and traction light are on due to a failure with the speedometer. I SUSPECT A SEED SENSOR would be the culprit as if speed is not sensed from a wheel (RF / LF /RR / LR) the ABS module with be disabled and would lite the ABS and Brake light. the airbag and heated seats are on separate circuit. the air bag should be diagnosed with a handheld device ( go to advance auto or similar type parts store)n they will read the code.. post the code and I may be able to help ... also ask em to get the ABS / Brake codes a ell

Could be one of your wheel speed sensors is out. The ABS and traction control are linked on most vehicles so when the sensor is bad it will disable the traction control. The best thing to do would be to get it scanned and see what code the computer is throwing.

Cluster warning lights

Whenever this warning light or any other stays on in the dash it is indicating that the systems control module (or the system sensor in the case of lights like low oil pressure, door open indicators etc.) has detected a fault, it then disables the system (this applies to ABS,TCS, TCM, SRS, TPMS, MIL, CEL and BCM faults and others) as long as the light is on. You must now have the dealer hook up a special electronic diagnostic tool and "scan" the system for the fault code that is stored for the problem(s)

Legend of Abbreviations. ABS Anti-lock brake system. TCS Traction control system, TCM Transmission control module, SRS Supplemental restraint system, BCM Body control module. TPMS Tire Pressure Monitor System, MIL Malfunction Indicator Lamp, CEL Check Engine Light.

Whenever this warning light or any other stays on in the dash it is indicating that the systems control module (or the system sensor in the case of lights like low oil pressure, door open indicators etc.) has detected a fault, it then disables the system (this applies to ABS,TCS, TCM, SRS, TPMS, MIL, CEL and BCM faults and others) as long as the light is on. You must now have the dealer hook up a special electronic diagnostic tool and "scan" the system for the fault code that is stored for the problem(s)

Legend of Abbreviations. ABS Anti-lock brake system. TCS Traction control system, TCM Transmission control module, SRS Supplemental restraint system, BCM Body control module. TPMS Tire Pressure Monitor System, MIL Malfunction Indicator Lamp, CEL Check Engine Light.

I suggest scanned the PCM and ABS modules to know exactly what fault code is stored there; generrally, when ABS and TRAC warning lights turn on, means some problem in the speed wheel sensors, but we will need what specific codes is there to send you additional details in order to solve it.

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this is for your code
https://www.obd-codes.com/p0500

the round diagnostic connector is for the cars that were built since 1988 (BMW) 1996 OBD2 came out so this is what your car uses.

If the ABS (and likely the traction control) light came on at the same time that the speedometer stopped working, you likely have a faulty wheel speed sensor at the right rear wheel. You can test this by swapping the two rear wheel speed sensors (ABS sensors). If the speedometer then works (but the ABS & Traction control lights stay on), replace the sensor that is now at the left rear (was at the right rear). If no change, you may have a fault in the ABS & Traction control - control unit.

Rear wheel speed sensor at www.bavauto.com

http://www.bavauto.com/shop.asp?HC1=0&Htarget=search.asp&HCY=2001&HCM=330i&SearchStr=rear%20abs%20sensor