SRJC Course Outlines

6/21/2024 7:53:00 AMRE 52 Course Outline as of Fall 2025

Changed Course
CATALOG INFORMATION

Discipline and Nbr:  RE 52Title:  REAL ESTATE FINANCE  
Full Title:  Real Estate Finance
Last Reviewed:2/12/2024

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
In this course, students will analyze real estate financing, including lending policies and problems in financing transactions in residential, apartments, commercial, and special purpose properties. Methods of financing properties will be emphasized. This course is required to apply for the California State Broker's license examination and applies as an elective towards the California Real Estate Salesperson examination.

Prerequisites/Corequisites:


Recommended Preparation:

Limits on Enrollment:

Schedule of Classes Information
Description: Untitled document
In this course, students will analyze real estate financing, including lending policies and problems in financing transactions in residential, apartments, commercial, and special purpose properties. Methods of financing properties will be emphasized. This course is required to apply for the California State Broker's license examination and applies as an elective towards the California Real Estate Salesperson examination.
(Grade Only)

Prerequisites:
Recommended:
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:
At the conclusion of this course, the student should be able to:
Untitled document
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.
 

Objectives: Untitled document
At the conclusion of this course, the student should 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 and the United States 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, and syndications
    C. Federal Housing Administration (FHA)
    D. Veteran's Administration (VA)
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 (approximately 25 to 40 pages per week)
2. Analyses of loan factors (2-5)
    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. Complete hypothetical purchaser qualification using standard industry instruments
4. Class performance and class participation
5. Quizzes, exams, and final exam

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 loan factors
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%
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 and Materials:
Untitled document
Real Estate Finance and Loan Brokering. 8th ed. Huber, Walt and Zozula, Walt. Educational Textbook Company. 2017 (classic)

Print PDF