11/21/2024 8:23:13 AM	RE 50 Course Outline as of Fall 2025	Changed Course
CATALOG INFORMATION
Discipline and Nbr:  RE 50	Title:  REAL ESTATE PRINCIPLES
Full Title:  Real Estate Principles
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 or P/NP
Repeatability:  00 - Two Repeats if Grade was D, F, NC, or NP
Also Listed As: 
Formerly:  RE 80A

Catalog Description:

In this course, students will examine the basic fundamentals of California real estate law, industry terminology, and general principles necessary for the California Real Estate Salesperson exam. This course is required prior to applying for a state salesperson license and applies towards the California Real Estate Broker's examination.

Prerequisites/Corequisites:

Recommended Preparation:

Limits on Enrollment:

Schedule of Classes Information
Description:

In this course, students will examine the basic fundamentals of California real estate law, industry terminology, and general principles necessary for the California Real Estate Salesperson exam. This course is required prior to applying for a state salesperson license and applies towards the California Real Estate Broker's examination.

(Grade or P/NP)
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:	Transferable	Effective:	Fall 1981	Inactive:
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:

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.

 

Objectives:

At the conclusion of this course, the student should be able to:

1. Identify and contrast three distinct land description methods.

2. Compare and contrast freehold estates to 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

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:

1. Weekly reading assignments of 25-30 pages

2. 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, exams, and final exam

4. 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, exams, and final exam
Other: Includes any assessment tools that do not logically fit into the above categories.		Other Category 5 - 10%
Attendance and participation

Representative Textbooks and Materials:

California Real Estate Principles. 16th ed. revised. Huber, Walt. Educational Textbook Company. 2020

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