Real Estate (REA)

Introduces real estate as a business and as a profession, designed to acquaint the student with the wide range of subjects necessary to the practice of real estate. Includes license law, ethics, purchase and listing agreements, brokerage, deeds, financing, appraisals, mortgages, and real estate property managements. Lecture: 3 credits (45 contact hours).

Includes marketing and selling of real estate properties. Emphasizes qualifying prospects, preparing for property showings, negotiating the sale, developing a five-year goal plan, and managing time. Utilizes computer applications. Lecture: 3.0 credits (45 contact hours).

Addresses appraising residential real estate for loans, estates, condemnations, and listings, and the factors that contribute to the value of real estate. Includes three methods of estimating value with emphasis given to the market data approach. Lecture: 3.0 credits (45 contact hours).

Includes the basic concepts of construction, design, and blueprint reading. Lecture: 3.0 credits (45 contact hours).

Continues Real Estate Principles I with emphasis on license law, finance, property management, marketing, land planning and development, brokerage management, fair housing, and appraising. Lecture: 3.0 credits (45 contact hours).

Examines the basics of managing income-producing real property. Includes management plans, tenant selection, marketing and advertising, accounting methods, net operating income statements, maintenance, and the Landlord Tenant Act. Lecture: 3 credits (45 contact hours).

Introduces various types of real estate investments. Includes a comparison of investments in real estate with other types of investments. Covers basic fundamentals of investment analysis and terminology. Lecture: 3.0 credits (45 contact hours).

Covers classifications of commercial and industrial properties. Includes investment, environment, financing, taxes, depreciation, ownership, cash flow projection, and discount analysis. Integrates computer applications. Lecture: 3 credits (45 contact hours).

Includes the specialized field of land planning and development with emphasis on new home construction. Includes market research, site selection and analysis, regulations, financing, earthwork, streets, and landscaping. Lecture: 3 credits (45 contact hours).

Includes farm brokerage and specific subjects relating to the sale of farm property. Covers listing, prospecting, showing, financing, negotiating and closing the farm sale as well as the duties of the farm manager. Lecture: 3 credits (45 contact hours).

Includes an analysis of operations and cash flow with detailed instruction on the use and calculation of internal rate of return, financial management rate of return, operational and feasibility analysis, and model investment projections. Lecture: 3 credits (45 contact hours).

Includes basic real estate principles and theories as they apply to real estate brokerage management. Includes legal and work environment; brokerage management concepts; employment agreements; personnel selection, compensation, and management; policy manuals; listing and marketing management; and financial control. Lecture: 3.0 credits (45 contact hours).

Examines all aspects of real estate finance including financial instruments, financial institutions, buyer qualifications, and mortgage markets. Includes governmental influence, risk analysis, and financing of income-producing properties. Lecture: 3.0 credits (45 contact hours).

Examines the laws and regulations pertaining to real estate and related environmental issues. Includes ownership rights, title examination, planning and zoning, contracts of sale, Fair Housing regulations, agency issues, court systems and recent court decisions. Lecture: 3.0 credits (45 contact hours).