Course Summary:

An overview of real estate brokerage, property rights, transfer mechanisms and documents, property evaluation, finance, investments, and property management. For information regarding prerequisites for this course, please refer to the Academic Course Catalog.

Rationale:

The goal of this course is to teach the role of the real estate profession in the United States today as well as to show the fundamentals that drive the real estate markets, economically speaking. The course will also teach the role of the investor in real estate covering the tools of tax, law, accounting, and the mathematics of real estate as applied to real estate investments.

Measurable Learning Outcomes

Upon successful completion of this course, the student will be able to:

1. • Exhibit the ability to calculate interpret and apply real-estate financing vehicles for use in evaluating potential investment opportunities (PLO 2, 3, 4; Introduced).
   • Explain the importance of real estate finance with respect to the economy and individuals (PLO 2, 3, 4; Introduced).
   • Prepare a realistic real estate appraisal for residential property (PLO 2; Introduced).
   • Apply biblical worldview principles to the area of real estate finance ethics (PLO 1, Emphasized).

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Course Assignment:

Textbook readings and lecture presentations.

Course Requirements Checklist

After reading the Course Syllabus and Student Expectations, the student will complete the related checklist found in the Course Overview.

Entire Homework Assignments (7)

• Homework assignments will be completed in Connect.
• The homework includes graded problems that are designed to prepare the student for the course quizzes.

Read & Interact Assignments (17)

• SmartBook reading assignments will be completed in Connect.
• These assignments are designed to help prepare the student for the course quizzes.

Case Study: Mortgage Scenario Assignment:

• The student will formulate and document a response to a real estate financial scenario in an APA-formatted, MS Word document.
• The case study is to be completed independently by each student and will be submitted in Blackboard.

Appraisal Project Assignment:

• The student will prepare a realistic real estate appraisal using Form 1004 Uniform Residential Appraisal Report.
• The appraisal will be for a residential property, performed using the sales comparison approach and cost approach.

Entire Quizzes (4)

The student will take four bi-weekly online quizzes through Connect. The quizzes will consist of questions drawn from the quiz bank and from previous Connect Homework problems. It will behoove the student to be intentional in taking good notes and in building spreadsheet solutions for the Connect homework problems that he or she finds to be more difficult and/or time-consuming to complete.