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Course Criteria
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2.00 Credits
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, fi nance 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. Fulfi lls at least 30 of 60 hours of required instruction for salesperson license. Skills: R Course Type: W
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3.00 Credits
Astudy of the central purposes and functions of an appraisal, social and economic determinant of value, appraisal case studies, cost, market data, and income approaches to value estimates, fi nal correlations, and reporting. Offered in Fall. Skills: R Prerequisites: RELE 1406 or equivalent. Course Type: W
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3.00 Credits
Financing, evaluation, and management of real estate investment. Emphasis on real estate investment characteristics, techniques of investment analysis, time-valued money, discounted investment criteria, leverage, and applications to property tax implications of owning real estate. Offered in Fall. Skills: R Prerequisites: RELE 1406 or equivalent. Course Type: W
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3.00 Credits
Providesa 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. Skills: R Course Type: W
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3.00 Credits
Areview of real estate contracts required by Section 6A (3) of the Real Estate License Act with emphasis on general contract law requirements. Also covers the purpose, history, and working process of the Broker-Lawyer Committee. Includes preparation of real estate contract forms with emphasis on the most commonly used forms. Skills: R Course Type: W
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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. Offered in Summer. Skills: R Prerequisites: RELE 1406 or RELE 1201. Course Type: W
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3.00 Credits
Anoverview of the U.S. monetary system, primary and secondary money markets, sources of mortgage loans, federal government programs, loan applications, processes and procedures, closing costs, alternative instruments, laws affecting mortgage lending, and the State Housing Agency. Offered in Fall. Skills: R Course Type: W
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3.00 Credits
Astudy of real estate professionalism and ethics; characteristics of successful salespersons; time management; psychology of marketing; listing procedures; advertising; negotiating and closing fi nancing; and the deceptive trade practice act, consumer protection act, and commercial code. Offered in Fall. Skills: R Course Type: W
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3.00 Credits
An introductionto the mortgage loan application process. Topics include regulatory compliance and documentation; real estate contracts; the mortgage application process, interview techniques; credit, income and property qualifi cation, quality controls and procedures. Skills: R Course Type: W
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3.00 Credits
Mathematical logic and basic arithmetic skills including percentages, interest, time-valued money, depreciation, amortization, proration, and estimation of closing statement. Offered in Spring. Skills: R Course Type: W
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