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Center for Curriculum and Transfer Articulation
Real Estate Principles II
Course: REA180

First Term: 2021 Spring
 Lecture   3.0 Credit(s)   3.0 Period(s)   3.0 Load  
Subject Type: Occupational
Load Formula: S - Standard Load


Description: Advanced work in real estate including governmental restrictions and limitations, property management, insurance and warranties, appraisal procedures, financing and loan security instruments. Also covers Deed of Trust foreclosure options and consumer protection provisions.



MCCCD Official Course Competencies
1. Review Fair Housing laws and enforcement. (I)
2. Describe various government restrictions and limitations affecting real estate activities. (I)
3. Review anti-trust application and enforcement. (I)
4. Describe the characteristics of various common types of leases. (II)
5. Describe the main components of the Landlord/Tenant Act. (II)
6. Describe the major provisions of a Management Agreement. (II)
7. Explain components of property insurance and warranties. (III)
8. Describe methods of valuing real estate. (IV)
9. Describe principles of value. (IV)
10. Complete real estate calculations. (IV-V)
11. Describe the major financing techniques used in real estate. (V)
12. List the major sources of financing of real estate. (V)
13. Compare loan security instruments and their procedures in the event of default. (V)
14. Differentiate between residential and commercial financing. (V)
15. Compare and contrast financing documents. (V)
16. Review Deed of Trust foreclosure options. (V)
17. Explain consumer protection provisions. (VI)
18. Describe the responsibility for cooperation in real estate transactions. (VII)
MCCCD Official Course Competencies must be coordinated with the content outline so that each major point in the outline serves one or more competencies. MCCCD faculty retains authority in determining the pedagogical approach, methodology, content sequencing, and assessment metrics for student work. Please see individual course syllabi for additional information, including specific course requirements.
 
MCCCD Official Course Outline
I. Government restrictions and limitations
   A. Discrimination
   B. Lending
   C. Zoning
   D. Advertising
   E. Sherman Anti-Trust
   F. Subdivisions
   G. Fair housing
      1. History
      2. Enforcement
      3. Exemptions
      4. Americans with Disabilities Act
      5. Conflicts
II. Property management
   A. Types of leases
   B. Landlord/tenant act
   C. Obligations
      1. Landlord
      2. Tenant
   D. Management contracts
   E. Recordkeeping requirements
III. Property insurance and warranties
   A. Terminology
   B. Claims history
   C. National Flood Insurance program
   D. Business insurance
IV. Valuation of real estate
   A. Factors affecting value
   B. Methods of determining value
   C. Mathematics of appraisal
   D. Approaches
   E. Financial analysis
   F. Processes
V. Financing real estate
   A. Methods of financing
      1. Residential
      2. Commercial
   B. Repayment of terms
   C. Sources of financing
   D. Loan security instruments
   E. Documents
      1. Notes
      2. Mortgages
      3. Deeds of trust
   F. Default procedures
   G. Foreclosure
      1. Options
      2. Processes
      3. Judgments
   H. Calculations
      1. Types
      2. Procedures
VI. Consumer protection
   A. Disclosures
      1. Types
      2. Application
   B. Consumer Privacy Act
   C. Telephone Consumer Protection Act
VII. Cooperative nature of real estate
   A. Professional boards
   B. Associations
   C. Sherman Anti-Trust
   D. Related parties
      1. Contractors
      2. Inspectors
      3. Lenders
      4. Escrow
      5. Title
 
MCCCD Governing Board Approval Date: November 24, 2020

All information published is subject to change without notice. Every effort has been made to ensure the accuracy of information presented, but based on the dynamic nature of the curricular process, course and program information is subject to change in order to reflect the most current information available.