EL CAMINO COLLEGE COURSE OUTLINE: RE 11
I. COURSE DESCRIPTION:
Course Title and Number: Real Estate 11 (RE11)
Descriptive Title: Real Estate Principles
Discipline: Real Estate
Hours Lecture: 3
Course Units: 3
Grading Method: Letter
Associate Degree Credit
Transfer CSU
Recommended Preparation: Eligibility for English 2R.
Catalog Description:
This course gives instruction on many aspects involved in a real estate transaction with introduction to legal aspects, title and escrow procedures, the property management business, appraisal areas, finance options, and the transfer of real property. Students develop basic vocabulary and test-taking skills in partial preparation for state examination for the real estate license and for the real estate appraiser.
NOTE: This course is required by the California Department of Real Estate (DRE) prior to taking the California real estate salesperson examination, and approved by the Office of Real Estate Appraisal (OREA) This course is OREA approved for 51 hours of C/E credit. (OREA # 95ECC002).
II. COURSE OBJECTIVES AND METHODS OF EVALUATION
A. Course Objectives:
1. Outline the steps in obtaining a California DRE salesperson and broker license.
2. Define common real estate terms and phrases.
3. Identify the financial aspects of real estate, including loan types, lending institutions, and government participation.
B. Methods of Evaluation:
1. Term or other paper.
2. Reading report(s)
3. Objective examinations, including multiple choice and true/false.
III. OUTLINE OF SUBJECT MATTER
Introduction, licensing, DRE and sovereign powers.
Agency, listings, contracts.
Real and personal property, ownership.
Acquisition and transfer of real property.
Landlord-tenant relations.
Real estate contracts.
Escrow, title and recordation.
Midterm on vocabulary terms.
Liens and other encumbrances.
Real estate finance.
Lenders, government role in finance.
Appraisal and valuing real estate.
Tax considerations of property ownership.
Government regulation of property: Subdivisions, planning, zoning.
Real estate careers.
Mobile homes, business opportunities, bulk sales.
Land descriptions.
Real estate mathematics.
IV. READING AND WRITING ASSIGNMENTS
Three hours of work per week, including class time, are required for each unit of credit.
A. A representative example of an assignment.
1. Student will complete a real estate project which includes interviews with industry licensees to identify career option information.
2. Student will complete a real estate project using college level writing skills with proper spelling and sentence structure to identify real estate property profile data.
B. Two hours of work outside of class are required for each hour of lecture or equivalent.
Each student will be required to perform the following outside of regular class time:
1. Study.
2. Required reading.
3. Problem-solving activity or exercise.
4. Written work.
V. COLLEGE LEVEL CRITICAL THINKING ASSIGNMENTS1. Calculate solutions to problems related to interest rates, prorations, commissions, area, and use of amortization tables.
2. Identify the steps involved in a simple real estate escrow transaction, including financing, title, appraising and closing, including property description.
VI. PLANNED INSTRUCTIONAL ACTIVITIESThis course is taught using lecture, math calculation review, computer test bank testing, and overhead projector.
VII. APPROPRIATE TEXT AND MATERIALS
Required Text:
California Real Estate Principles, newest edition, McKenzie/Anderson, et. al., Prentice Hall, New Jersey.
Real Estate Project, newest edition, Grogan, El Camino Bookstore.
Real Estate Principles, Student Study Guide, newest edition, Mckenzie/Anderson, Pirates Bookstore, Modesto Ca.
Real Estate Department Home Page
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