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Course Criteria
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3.00 Credits
A study of the characteristics of real estate investments. Includes techniques of investment analysis, time-valuing money, discounted and non-discounted investment criteria, leverage, tax shelters, depreciation, and applications to property tax. Semester Hours 3 (3 lec)
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3.00 Credits
Provides a study of legal concepts of real estate, land description, real property rights, estates in land, contracts, conveyances, encumbrances, foreclosures, recording procedures, and evidence of title. Semester Hours 3 (3 lec)
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3.00 Credits
A study of the elements of a contract, offer and acceptance, statute of frauds, specific performance and remedies for breach, unauthorized practice of law commission rules relating to use of adopted forms, and owner disclosure requirements. Semester Hours 3 (3 lec)
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3.00 Credits
A study of the role of the property manager, landlord policies, operational guidelines, leases, lease negotiations, tenant relations, maintenance, reports, habitability laws, and the Fair Housing Act. Semester Hours 3 (3 lec)
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3.00 Credits
An overview of monetary system, primary and secondary money markets, sources of mortgage loans, federal government programs, loan applications, processes and procedures, closing costs, alternative financial instruments, equal credit opportunity, laws affecting mortgage lending, and the state housing agency. Prerequisite: RELE 1301, concurrent enrollment in RELE 1301, or consent of program director. Semester Hours 3 (3 lec)
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3.00 Credits
A study of real estate professionalism and ethics; characteristics of successful salespersons; time management; psychology of marketing; listing procedures; advertising; negotiation and closing financing; and the Deceptive Trade Practice Act. Semester Hours 3 (3 lec)
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3.00 Credits
Mathematical logic and basic arithmetic skills including percentages, interest, timevalue of money, depreciation, amortization, proration, and estimation of closing statement. Semester Hours 3 (3 lec)
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3.00 Credits
Principles and techniques used in the valuation of commercial property. Topics include purposes and functions of an appraisal, social and economic forces affecting value, appraisal case studies, cost, and income approaches to value. Semester Hours 3 (3 lec)
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3.00 Credits
This course focuses on land value, land use, federal subsidies, environmental compliance issues, soil conservation, and highest and best use of land. Semester Hours 3 (3 lec)
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3.00 Credits
Provides an overview of licensing as a real estate broker and salesman; ethics of practice; titles to and conveyancing of real estate; legal descriptions; law of agency; deeds; encumbrances and liens; distinctions between personal and real property; contracts; appraisal; finance and regulations; closing procedures; and real estate mathematics. Covers at least three hours of classroom instruction on federal, state and local laws relating to housing discrimination, housing credit discrimination, and community reinvestment. Prerequisite: RELE 1301. Semester Hours 3 (3 lec)
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