Finance 336

FINC 336: Principles of Real Estate

Credit Hours: (3)

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.

Detailed Description 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. Tax Factors in Real Estate
12. Real Estate as an Investment
13. Real Estate Financing
14. Real Estate Brokerage
15. Operating a Real Estate Office
16. Real Property Management
17. Title Search, Examination, and Registration
18. Title Closing
19. Residential Property Appraising
20. Appraising Income Property
21. Subdivisions, Developments, and Condominiums
22. The City as an Economic Base
23. City Planning and Zoning

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.

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; and
• understand the role of governments in real estate activities, developments, and city planning.

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.

Other Course Information

Review and Approval
February 2010 Reviewed Dr. Dan Davidson, Chair