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Course Criteria
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3.00 Credits
(Formerly RELE 1301) The topics in this overview of licensing as a real estate broker and salesperson include ethics of practice as a license holder, titles to and conveyance of real estate, legal descriptions, deeds, encumbrances and liens, distinctions between personal and real property, appraisal, finance and regulations, closing procedures, and real estate mathematics. The course includes at least three hours of classroom instruction on federal, state, and local laws relating to housing discrimination, housing credit discrimination, and community reinvestment. It fulfills at least 30 of the 60 hours of required instruction for salesperson license. (2:2-0)
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3.00 Credits
The topics in this overview of licensing as a broker or salesperson includes ethics of practice as a license holder, titles to and conveyance of real estate, legal descriptions, deeds, encumbrances and liens, distinctions between personal and real property, appraisal, finance and regulations, closing procedures, and real estate mathematics. The course covers at least three hours of classroom instruction on federal, state, and local laws relating to housing, discrimination, housing credit discrimination, and community reinvestment. It fulfills at least 30 of 60 hours of required instruction for salesperson license. (2:2-0)
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3.00 Credits
(Formerly Real Estate 232, REAE 2312, REAL 2312) This course focuses on the central purposes and functions of an appraisal; social and economic determinants of value; appraisal case studies; cost, market data and income approaches to value estimates; final correlations; and reporting. Prerequisite or co-requisite: RELE 1201 or department chair approval. (3:3-0)
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3.00 Credits
(Formerly REAE 2319, and REAL 2319) This study of characteristics of real estate investments focuses on techniques of investment analysis, time-valued money, discounted and non-discounted investment criteria, leverage, tax shelters, depreciation, and applications to property tax. Prerequisite or co-requisite: RELE 1201 or department chair approval. (3:3-0)
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3.00 Credits
(Formerly Real Estate 233, REAE 2313, REAL 2313) This course focuses on legal concepts of real estate, land description, real property rights, estates in land, contracts, conveyances, encumbrances, foreclosures, recording procedures, and evidence of title. Prerequisite or co-requisite: RELE 1201 or department chair approval. (3:3-0)
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3.00 Credits
(Formerly REAL 1303) This course focuses on 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. (3:3-0)
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3.00 Credits
(Formerly REAL 2314) This course provides an overview of monetary systems; 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. (3:3-0)
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3.00 Credits
(Formerly REAE 2318, REAL 2318) This course focuses on real estate professionalism and ethics, characteristics of successful salespersons, time management, psychology of marketing, listing procedures, advertising, negotiating and closing, financing, and the Deceptive Trade Practice Act. Prerequisite or co-requisite: RELE 1201 or department chair approval. (3:3-0)
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3.00 Credits
(Formerly Real Estate 234, REAE 2314, REAL 2315) This course of basic arithmetic skills focuses on mathematical logic, percentages, interest, time, value of money, depreciation, amortization, proration, and estimation of closing statements. (3:3-0)
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3.00 Credits
(Not offered after Summer 2006) This is an overview of licensing as a real estate broker and salesperson, ethics of practice, titles to and conveyance 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. It also includes federal, state, and local laws relating to housing discrimination, housing credit discrimination, and community reinvestment. Emphasis on licensing a real estate salesperson and broker; sources and types of financing; taxes; title closing and escrow; leases; appraisal; agency relationships; condominiums; land use controls; real estate investments; and federal, state, and local laws relating to housing discrimination, housing credit discrimination, and community reinvestment. (2:2-0)
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