Major: 5139N
Catalog Year: 2023-2024
Effective Term: 2018 Fall
Last Admit Term: 2020 Summer
Award: CCL Total Credits: 6.5 CIP Code: 52.1501 |
Primary College: Mesa Community College
Initiating College: District Office
Program Availability: Not Found
Program Availability: Shared
Field of Interest: Business, Entrepreneurialism and Management
Instructional Council: Business/Management (03) GPA: 2.0 |
SOC Code: 41-9022.00
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Program Prerequisites: None
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Required Courses | |||||||||||
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REA179 Real Estate Principles I (3) AND | Credits: 6.5 |
Restricted Electives | |||
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General Electives | |||
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Program Competencies | |||
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1. Describe individual rights of, legal interest in, and legal forms of ownership of real property (land), including lending and consumer rights regarding fairness and disclosure. (REA179, REA201)
2. Describe how property taxes and assessments on real property can be derived. (REA179, REA201) 3. Describe the role of a real estate brokerage, the fiduciary obligations of a real estate agency, and the role of professional affiliations within the real estate industry. (REA179, REA201) 4. Define and list the various types of real property insurance common to residential property. (REA179, REA201) 5. List the methods used to convey title and to search, verify, and record titles in real estate. (REA180, REA201) 6. Define the fundamental components of various real estate contracts and common security agreements such as mortgages and deeds of trust. (REA180, REA201, REA290AH) 7. Identify and describe the different types of loans and government-sponsored loan programs, including Federal Housing Authority (FHA) -insured loans, Department of Veterans Affairs (DVA) -guaranteed loans, the role of the promissory note obligation, and the many different sources and ways in which to finance real estate purchases. (REA180, REA201) 8. Explain the closing process and the purpose for and importance of the escrow period. (REA180, REA201) 9. Describe real estate leases and the role property management firms play in protecting the owner`s investment and satisfying the owner`s income requirement. (REA180, REA201) 10. Identify and describe the three different value approaches used to appraise real property. (REA180, REA201) 11. Define state licensing laws and other real estate laws, rules, and regulations, including fair housing, American Disabilities Act (ADA), and equal credit opportunity statutes and compliance criteria. (REA180, REA201) 12. Define land-use control, the value of regional planning activities, toxic substances that have a potential environmental impact, and the importance of environmental impact statements in the development of real property. (REA180, REA201) 13. Identify and describe various physical characteristics, economic forces, and other social and demographic phenomena that affect the value of real property. (REA180, REA201) 14. Identify and describe the many different factors that affect investment decisions. (REA180, REA201) 15. Review the key precepts of contract law. (REA290AH) 16. Review the required elements necessary to produce valid contracts. (REA290AH) 17. Identify and complete basic real estate contracts. (REA290AH) | |||
+ indicates course has prerequisites and/or corequisites.
++ indicates that any suffixed course may be selected. MCCCD Governing Board Approval Date: December 11, 2012 |