SRJC Course Outlines

12/9/2018 3:51:20 PMRE 50 Course Outline as of Fall 2019

Changed Course
CATALOG INFORMATION

Discipline and Nbr:  RE 50Title:  REAL ESTATE PRINCIPLES  
Full Title:  Real Estate Principles
Last Reviewed:5/14/2018

UnitsCourse Hours per Week Nbr of WeeksCourse Hours Total
Maximum3.00Lecture Scheduled3.0017.5 max.Lecture Scheduled52.50
Minimum3.00Lab Scheduled03 min.Lab Scheduled0
 Contact DHR0 Contact DHR0
 Contact Total3.00 Contact Total52.50
 
 Non-contact DHR0 Non-contact DHR Total0

 Total Out of Class Hours:  105.00Total Student Learning Hours: 157.50 

Title 5 Category:  AA Degree Applicable
Grading:  Grade or P/NP
Repeatability:  00 - Two Repeats if Grade was D, F, NC, or NP
Also Listed As: 
Formerly:  RE 80A

Catalog Description:
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Examination of the basic fundamentals of California real estate law; industry terminology and general principles necessary for sitting for State exam. Required prior to obtaining a state salesperson license; applies toward State's educational requirements for the broker's examination.

Prerequisites/Corequisites:


Recommended Preparation:
Eligibility for ENGL 100 or ESL 100

Limits on Enrollment:

Schedule of Classes Information
Description: Untitled document
Examination of the basic fundamentals of California real estate law; industry terminology and general principles necessary for sitting for State exam. Required prior to obtaining a state salesperson license; applies toward State's educational requirements for the broker's examination.
(Grade or P/NP)

Prerequisites:
Recommended:Eligibility for ENGL 100 or ESL 100
Limits on Enrollment:
Transfer Credit:CSU;
Repeatability:00 - Two Repeats if Grade was D, F, NC, or NP

ARTICULATION, MAJOR, and CERTIFICATION INFORMATION

Associate Degree:Effective:Inactive:
 Area:
 
CSU GE:Transfer Area Effective:Inactive:
 
IGETC:Transfer Area Effective:Inactive:
 
CSU Transfer:TransferableEffective:Fall 1981Inactive:
 
UC Transfer:Effective:Inactive:
 
C-ID:

Certificate/Major Applicable: Both Certificate and Major Applicable



COURSE CONTENT

Student Learning Outcomes:
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Students will be able to:
1. Distinguish, group and justify the different forms of property estates.
2. Categorize and classify real property descriptions.
3. Contrast and construct the components of a real property transaction.
4. Satisfy the California Department of Real Estate mandatory education requirement for
    salespersons.
5. Satisfy the California Department of Real Estate elective education requirement for brokers.

Objectives: Untitled document
Upon successful completion of the course, students will be able to:
1. Identify and contrast three distinct land description methods.
2. Compare and contrast freehold/less than freehold estates.
3. Compare and contrast basic listing agreements.
4. Distinguish agency relations such as creation/termination and disclosure requirements.
5. Determine requisites of Valid Real Estate Contracts.
6. Categorize instruments of Real Estate Finance.
7. Compare and contrast real property valuation, marketing data, cost, and capitalization
    methods.
8. Compare and contrast real property taxation, gains, deferred gains,  and tax rates.
9. Describe the values, themes, methods, and history of the real estate profession and identify
    realistic career objectives related to a course of study in real estate.

Topics and Scope
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I.  Orientation
    A. Values, themes, methods and history of the real estate profession(s)
    B. Realistic career objectives
II.  Property
    A. Real
    B. Personal
III.  Land Descriptions
IV.  Transferring Deeds
V.  Titles and Forms of Ownership
    A. Freehold
    B. Less than freehold
    C. Vesting
         1. joint tenancy
         2. tenant in common
         3. sole and separate property
         4. partnership
         5. corporations
VI.  Agency Relationships
    A. Creation
    B. Termination
    C. Disclosure
VII.  Contracts
    A. Expressed
    B. Implied
    C. Performance
    D. Discharge
    E. Deposit receipt
VIII.  Landlord and Tenant
    A. Leases
          1. month to month
          2. fixed term
          3. percentage
          4. net
    B. Property management
IX. Financing
    A. Instruments
         1. note
         2. deed of trust
         3. installment agreements
    B. Loan sources
         1. public sector
         2. private sector
X. Appraisal Basics and Process
    A. Definition of appraisal
    B. Data
XI. Taxation
    A. Gains
    B. Property
    C. Special assessments
XII. Licensing
    A. Requirements
    B. Salesperson
    C. Broker

Assignments:
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1. Weekly reading assignments of 25-30 pages
2. Complete exercises (3 - 5) including, but not limited to:
    A. Brief Business Plan
    B. Gross Rent Multiplier
    C. Income Capitalization
    D. Cash on Cash
    E. License Application
3. Quizzes (3 - 15)
4. Exams (3) and Final Exam
5. Class performance and participation

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
0 - 20%
Brief business plan, license application
This is a degree applicable course but assessment tools based on writing are not included because skill demonstrations are more appropriate for this course.
Problem solving: Assessment tools, other than exams, that demonstrate competence in computational or non-computational problem solving skills.Problem Solving
5 - 10%
Business plan, gross rent multiplier, income capitalization, cash on cash, license application
Skill Demonstrations: All skill-based and physical demonstrations used for assessment purposes including skill performance exams.Skill Demonstrations
5 - 10%
Class performances, gross rent multiplier, income capitalization, cash on cash
Exams: All forms of formal testing, other than skill performance exams.Exams
50 - 70%
Quizzes and exams to include multiple choice, true/false, essay
Other: Includes any assessment tools that do not logically fit into the above categories.Other Category
5 - 10%
Attendance and participation


Representative Textbooks:
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California Real Estate Principles. 15th ed. revised. Huber, Walt. Educational Textbook Company. 2017

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