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re19EL CAMINO COLLEGE COURSE OUTLINE: RE 19
I. COURSE DESCRIPTION:
Course Title and Number: Real Estate 19 (RE19)
Descriptive Title: Real Estate Property Management
Discipline: Real Estate
Hours Lecture: 3
Course Units: 3
Grading Method: Letter
Associate Degree Credit
Transfer CSU - Effective Date: prior to 7/92.
Recommended Preparation: Real Estate Principles (RE11) and Legal
Aspects of Real Estate (RE12A) OR Concurrent enrollment OR
California DRE license OR California OREA appraisal license.
Catalog Description:
This course introduces the student to the aspects of real estate
management, including the rights and responsibilities of the
parties, personnel, maintenance, contracts, and ownership of
income-producing property.
NOTE: This course is approved by the California
Department of Real Estate (DRE) for credit towards the required
coursework for the California real estate broker examination. This
course is approved for one of the two courses required for DRE
salesperson license in addition to Real Estate Principles (RE11).
This course is approved for 45 hours of continuing education (C/E)
by DRE for license renewal with 90% attendance. This course is
approved by the Office of Real Estate Appraisal (OREA) for 54 hours
of C/E credit for appraisal license renewal with closed book final
examination. (OREA # 95ECC009)
II. COURSE OBJECTIVES AND METHODS OF EVALUATION
A. Course Objectives:
The student will complete the student study guide, prepare
a management plan, prepare residential rental forms and demonstrate
the ability to balance a trust account record for client rental
funds.
B. Methods of Evaluation:
1. Substantial writing assignments, including: written
homework and term or other papers.
2. Objective examinations, including multiple choice and true/false
and fill-in-the blanks.
III. OUTLINE OF SUBJECT MATTER
Overview of property management
Property management and real estate markets
Money and property management
The real estate investor
Income property valuation and financial analysis
The owner's objectives
Residential marketing and management and forms
On-site personnel and operations
Non-residential property management
Management of homeowner's associations
Other residential property management
Maintenance and repairs
The management office
Legal and insurance aspects
Professional property management organizations
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.
The student will complete a real estate group project to
set forth a management plan for an income-producing property. Each
student will complete a book report on a video on real estate
property management rights of the parties.
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. Answer questions.
3. Required reading.
4. Written work.
5. Internet search.
V. COLLEGE LEVEL CRITICAL THINKING ASSIGNMENTS
1. The student will demonstrate the ability to complete a set of
residential rental forms, such as rental agreement, 3-day notice,
and change in terms of tenancy.
2. The student will demonstrate the ability to give a class
presentation of a report on an income-producing property to a group
of investors/classmates.
VI. PLANNED INSTRUCTIONAL ACTIVITIES
This course is taught using student study guide, workbook
completion, handouts, note taking, writing, library and/or Internet
search, and discussion between students and instructor.
VII. APPROPRIATE TEXT AND MATERIALS
Required:California Real Property Management - Student Study Guide, newest edition, DeCarlo, California Community Colleges, Real Estate Education Center, Pirate's Bookstore.
California Property Management ,Grogan, National Real Estate Institute (NREI/ETC, Covina.)
Other Required Materials:
Real Estate Project, Grogan, newest edition, El Camino Bookstore.
Computer search for property management related data, etc. (such as Internet, government agency or similar).