1/21/2025 9:08:52 PM	RE 80E Course Outline as of Fall 2001	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:

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:

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:
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:

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

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:

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:

CALIFORNIA REAL ESTATE FINANCE by Lush and Sirota. 4th Edition.

Dearborn Publishing, copyright 2000

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