SRJC Course Outlines

12/9/2018 3:49:53 PMRE 52 Course Outline as of Fall 2019

Changed Course
CATALOG INFORMATION

Discipline and Nbr:  RE 52Title:  REAL ESTATE FINANCE  
Full Title:  Real Estate Finance
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 Scheduled06 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 Only
Repeatability:  00 - Two Repeats if Grade was D, F, NC, or NP
Also Listed As: 
Formerly:  RE 80E

Catalog Description:
Untitled document
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 and as a educational elective for the salesperson license.

Prerequisites/Corequisites:


Recommended Preparation:
Eligibility for ENGL 100 or ESL 100

Limits on Enrollment:

Schedule of Classes Information
Description: Untitled document
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 and as a educational elective for the salesperson license.
(Grade Only)

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:
Untitled document
Students will be able to:
1. Outline and plan financing opportunities available for real property.
2. Examine and integrate current economic conditions into the availability of credit.
3. Identify and originate the required instruments of real estate finance.
4. Satisfy the California Department of Real Estate elective education requirement for
    salespersons.
5. Satisfy the California Department of Real Estate mandatory education requirement for
    brokers.

Objectives: Untitled document
Upon completion of this course 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. Differentiate, compare and contrast mortgage markets including the Federal National
    Mortgage Association, the Federal Home Loan Mortgage Corporation, local banks
    and savings associations as well as private sources of funds.
4. Examine requisites of commercial lending including collateral, leases, and vacancy.
5. Prepare instruments of real estate financing including notes, deeds of trust, and installment
    sales contracts.

Topics and Scope
Untitled document
I. Money, Credit and the Monetary System
    A. Real estate cycles
    B. Federal Reserve System, U.S. Treasury
    C. Federal Home Loan bank system
II. Fiduciary, Semi, and Non-Fiduciary Sources for Real Estate Financing
    A. Commercial banks, savings and loans, and life insurance companies
    B. Mortgage bankers/mortgage brokers, trusts, syndications
    C. Federal Housing Administration
    D. Veteran's Administration
III. Conventional, Insured and Government Loans
    A. Private sector - conventional loans
    B. Public sector
         1. Federal Housing Administration
         2. Veteran's Administration
         3. Cal-Vet Home Loan Program
         4. California Housing Finance Agency
IV. Instruments of Real Estate Finance
    A. Promissory notes
    B. Deeds of trust
    C. Note and mortgage
    D. Sales contract
V. Loan Processing and Loan Underwriting
    A. Verification of income, assets, and credit
    B. Property including collateral
    C. Exhibits, documents, and closing
VI. Mathematics of Real Estate Finance
    A. Interest
    B. Payment schedules
    C. Prorations
    D. Discounting

Assignments:
Untitled document
1. Reading between 25 and 40 pages per week
2. Analyze two to five of the following, including how each factor influences sales price and finance options:
    A. the difference between residential and commercial lending
    B. the relation of interest rate environment
    C. choice of lender
    D. loan product
    E. credit scoring
3. Homework: complete hypothetical purchaser qualification using standard industry instruments
4. Class performance and class participation
5. Chapter quizzes
6. Four exams and a final

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%
Analyses of available home loans-FHA-VA, Low Income, Conforming and Jumbo financing
This is a degree applicable course but assessment tools based on writing are not included because problem solving assessments 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 - 20%
Hypothetical purchaser qualification
Skill Demonstrations: All skill-based and physical demonstrations used for assessment purposes including skill performance exams.Skill Demonstrations
0 - 10%
Class performance, analyses of finance topics
Exams: All forms of formal testing, other than skill performance exams.Exams
50 - 70%
Chapter quizzes, exams and final exam
Other: Includes any assessment tools that do not logically fit into the above categories.Other Category
5 - 15%
Attendance and participation


Representative Textbooks:
Untitled document
Real Estate Finance and Load Brokering. 8th ed. Huber, Walt and Zozula, Walt. Educational Textbook Company. 2017

Print PDF