| 4/28/2024 3:41:25 AM |
| Changed Course |
| CATALOG INFORMATION
|
| Discipline and Nbr:
RE 80E | Title:
REAL ESTATE FINANCE |
|
| Full Title:
Real Estate Finance |
| Last Reviewed:2/12/2024 |
| Units | Course Hours per Week | | Nbr of Weeks | Course Hours Total |
| Maximum | 3.00 | Lecture Scheduled | 3.00 | 17.5 max. | Lecture Scheduled | 52.50 |
| Minimum | 3.00 | Lab Scheduled | 0 | 6 min. | Lab Scheduled | 0 |
| | Contact DHR | 0 | | Contact DHR | 0 |
| | Contact Total | 3.00 | | Contact Total | 52.50 |
| |
| | Non-contact DHR | 0 | | Non-contact DHR Total | 0 |
| | Total Out of Class Hours: 105.00 | Total Student Learning Hours: 157.50 | |
Title 5 Category:
AA Degree Applicable
Grading:
Grade Only
Repeatability:
27 - Exempt From Repeat Provisions
Also Listed As:
Formerly:
Catalog Description:
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Analysis of real estate financing, including lending policies and problems in financing transactions in residential apartments, commercial and special purpose properties. Methods of financing properties emphasized. Applies toward State's educational requirements for the broker's examination.
Prerequisites/Corequisites:
Recommended Preparation:
Limits on Enrollment:
Schedule of Classes Information
Description:
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Analysis of real estate financing, as applied toward the requirements for the California broker's exam.
(Grade Only)
Prerequisites:
Recommended:
Limits on Enrollment:
Transfer Credit:CSU;
Repeatability:27 - Exempt From Repeat Provisions
ARTICULATION, MAJOR, and CERTIFICATION INFORMATION
| Associate Degree: | Effective: | | Inactive: | |
| Area: | | |
| |
| CSU GE: | Transfer Area | | Effective: | Inactive: |
| |
| IGETC: | Transfer Area | | Effective: | Inactive: |
| |
| CSU Transfer: | Transferable | Effective: | Fall 1981 | Inactive: | |
| |
| UC Transfer: | | Effective: | | Inactive: | |
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| C-ID: |
Certificate/Major Applicable:
Certificate Applicable Course
COURSE CONTENT
Outcomes and Objectives:
At the conclusion of this course, the student should be able to:
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The students will be able to:
1. analyze the credit lending environment in terms of local and national
factors, economic indicators, and the Federal Reserve System;
2. evaluate loan analysis including income, assets, credit and property.
3. identify, compare and contrast mortgage markets including the Federal
National Mortgage Association, the Federal Home Loan Mortgage Corp.,
local Banks and Savings Associations and private sources of funds;
4. identify requisites of commercial lending including collateral, leases
and vacancy;
5. define instruments of Real Estate Financing including notes, Deeds of
Trust, and installment sales contracts.
Topics and Scope
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Money, Credit and the Monetary System
-Real Estate Cycles
-Federal Reserve System, U.S. Treasury
-Federal Home Loan Bank System
Fiduciary, Semi, and Non-Fiduciary Sources for Real Estate Financing
-Commercial Banks, Savings and Loans and Life Insurance Companies
-Mortgage Bankers/Mortgage Brokers, Trusts, Syndications
FHA--VA.
Conventional, Insured and Government Loans
-Private Sector - Conventional Loans
-Public Sector - FHA, VA, CAL-VET, CHFA
Instruments of Real Estate Finance
-Promissory Notes, Deeds of Trust, Note and Mortgage, Sales Contract
Loan Processing and Loan Underwriting
-Verification of Income, Assets, and Credit
-Property-collateral
-Exhibits, Documents, and Closing
Mathematics of Real Estate Finance
-Interest, Payment Schedules, Proations, Discounting
Assignments:
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1. Reading assignments.
2. Case studies.
Methods of Evaluation/Basis of Grade.
| Writing: Assessment tools that demonstrate writing skill and/or require students to select, organize and explain ideas in writing. | Writing
25 - 35% |
| Essay exams | |
| Problem solving: Assessment tools, other than exams, that demonstrate competence in computational or non-computational problem solving skills. | Problem Solving
5 - 10% |
| Quizzes, Exams | |
| Skill Demonstrations: All skill-based and physical demonstrations used for assessment purposes including skill performance exams. | Skill Demonstrations
5 - 10% |
| Class performances | |
| Exams: All forms of formal testing, other than skill performance exams. | Exams
50 - 65% |
| Multiple choice, True/false | |
| Other: Includes any assessment tools that do not logically fit into the above categories. | Other Category
0 - 0% |
| None | |
Representative Textbooks and Materials:
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CALIFORNIA REAL ESTATE FINANCE by Lush and Sirota. 4th Edition.
Dearborn Publishing, copyright 2000
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