FINC 336
Principles of Real Estate

1. Catolog Entry

FINC 336. Principles of Real Estate
Three hours lecture.

Provides a study of the basic principles and practices of real estate that are involved in the ownership and transfer of real property. Attention given to the economic and social impact of real estate, the real estate market, property rights, property ownership, real estate investment and financing real estate.

2. Detailed Description of Content of Course

1. The Economic and Social Impact of Real Estate
2. The Real Estate Market and Market Analysis
3. The Nature and Classification of Property Rights
4. Contracts
5. Deeds and Conveyances
6. Mortgages and Deeds of Trust
7. Leases and Leasing
8. Real Estate Liens
9. Home Ownership
10. Real Property Insurance
11. Industrial and Commercial Property
12. Tax Factors in Real Estate
13. Real Estate as an Investment
14. Real Estate Financing
15. Real Estate Brokerage
16. Operating and Real Estate Office
17. Selling
18. Advertising
19. Real Property Management
20. Title Search, Examination, and Registration
21. Title Closing
22. Residential Property Appraising
23. Appraising Income Property
24. Subdivisions, Developments, and Condominiums
25. The City as an Economic Base
26. City Planning and Zoning
27. Public Housing
28. Urban Renewal and Rehabilitation

3. Detailed Description of Conduct of Course

This course consists of lectures, class discussions of current real estate topics, in-class projects, and computer usage of real estate related software.

4. Goals and Objectives of the Course

Having successfully completed the course, the student will be able to:

• understand the nature and classification of property rights
• understand the different types of real estate contracts used in real estate transactions
• identify the important factors influencing real estate markets
• understand the basic premises used in real estate investment analysis
• understand the basic guidelines used to qualify for real estate financing
• understand the important tax considerations relevant to homeowners and real estate investors
• understand the basic functions performed by real estate professionals including real estate agents, brokers, appraisers, and property managers
• understand the basics of real estate closings and the Real estate Settlement and Procedures Act
• understand the role of governments in real estate activities, developments, and city planning

5. Assessment Measures

Graded assignments may include in-class tests, a final examination, quizzes, assignment and presentation of real estate exercises, papers, and class preparation and participation.

6. Other Course Information
7. Review and Approval

DATE ACTION APPROVED BY
September 6, 2001 Reviewed Dr. Dan Davidson, Chair