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BUSR
Real Estate
Courses:
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BUSR 50
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BUSR 51
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BUSR 52
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BUSR 52D
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BUSR 53
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BUSR 55
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BUSR 57
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BUSR 59
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BUSR 60
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BUSR 62
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BUSR 76
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BUSR 77
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BUSR 81
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The Business Administration department offers the following 13 Real Estate courses:
- BUSR 50 - Real Estate
Principles
- BUSR 51 - Legal Aspects of
Real Estate
- BUSR 52 - Real Estate Practice
- BUSR 52D - Real Estate
Practice
Work Experience
- BUSR 53 - Real Estate Finance
- BUSR 55 - Real Estate
Economics
- BUSR 57 - Income Tax Aspects
of Real Estate
Investments
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- BUSR 59 - Real Estate Property
Management
- BUSR 60 - Real Estate Investment
Planning
- BUSR 62 - Mortgage Loan Brokering and
Lending
- BUSR 76 - Escrow Procedures I
- BUSR 77 - Escrow Procedures II
- BUSR 81 - Appraisal: Principles and
Procedures
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Click on any of the tabbed links above to view detailed information about a course.
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This course provides an introduction to Real estate law, public control, property valuation, finance and
real estate practice. Meets some of the California Real Estate Salesperson and Broker License
requirements and meets 30 hours toward Basic Appraisal Procedures 2008 Appraiser Qualifications Board (AWB)
requirements for certified-residential/certified-general appraiser license.
Also provides 30 hours toward Office of Real Estate Appraisers (OREA) requirements for state licensing.
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(54 hours lecture; Degree applicable, CSU)
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Course Measurable Objectives:
- Define and/or use in the appropriate context related terms or concepts from the specific areas of real property and laws relating to ownership.
- Identify tax implications of real estate ownership; valuation and/or appraisal of real property.
- Apply principles of, financing real estate, transfer of property, real estate practice, and broker's responsibility for agency management.
- Analyze potential risks and/or liabilities that exist in real estate documents.
- Evaluate the available options for financing acquisition of two specific properties under different assumptions about the type of financing for which the buyer might be eligible.
- Compare methods of appraising real property and describe the various situations in which each of the three methods should be the dominant method of determining the value of the property.
- Describe the various methods by which an agency relationship can be created and then describe the obligations that are created by the agency relationship for each person to the other persons involved.
- Identify rights and obligations for landlords and tenants which should be included in a residential rental agreement.
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Course Level Student Learning Outcomes:
Students completing BUSR 50 - Real Estate Principles will:
- understand the difference between real and personal property.
- have knowledge equivalent to the knowledge needed to pass the Department of Real Estate salesperson license exam.
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NOTE:
Every effort is made to ensure the accuracy and timeliness of this information; however, students should consult
the
college catalog
for the most current and accurate information regarding degrees,
certificates, or courses.
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This course investigates real estate contracts, leases, deeds, foreclosures, homesteads, agency, and disclosures. Can be used to meet the additional educational requirements for the salesperson or broker license.
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(54 hours lecture; Degree applicable)
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Prerequisite:
BUSR 50 - Real Estate Principles
or employment in the real estate field
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Course Measurable Objectives:
- Develop the essential elements of real estate contracts.
- Classify the types of estates in California.
- Differentiate between types of property.
- Assess the effect of property taxes on real estate.
- Examine different leasehold estates.
- Describe the laws of agency and the broker's role in real estate transactions.
- Debate the elements of disclosure requirement laws.
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Course Level Student Learning Outcomes:
Students completing BUSR 51 - Legal Aspects of Real Estate will:
- know the elements of contract formation.
- be able to differeniate between single and dual agency.
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NOTE:
Every effort is made to ensure the accuracy and timeliness of this information; however, students should consult
the
college catalog
for the most current and accurate information regarding degrees,
certificates, or courses.
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This course covers office procedures and practices in listings, advertising, prospecting, financing, exchanges, property management, salesmanship, land utilization and public relations. Must be completed prior to applying to take the Salesperson License Exam.
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(54 hours lecture; Degree applicable)
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Corequisite:
BUSR 50 - Real Estate Principles
(May have been taken previously)
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Course Measurable Objectives:
- Prepare a seller's packet containing appropriate completed documents.
- Prepare a buyer's packet containing appropriate completed documents.
- Describe and discuss various types of listing agreements.
- Compare obligations and possible consequences of dual agency versus single agency.
- Describe the requirements for a real estate exchange.
- Describe role of escrow and title companies in real estate transactions.
- List and describe the most common disclosures required to complete the purchase or sale of residential real estate.
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Course Level Student Learning Outcomes:
Students completing BUSR 52 - Real Estate Practice will be able to:
- set realistic, measurable goals for themselves in business.
- complete the California Real Property Purchase Agreement.
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NOTE:
Every effort is made to ensure the accuracy and timeliness of this information; however, students should consult
the
college catalog
for the most current and accurate information regarding degrees,
certificates, or courses.
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This course provides a minimum of 240 hours of on-site real estate office and/or field work
experience under the supervision of a licensed California real estate professional and a
college instructor/coordinator. This course is designed to satisfy Department
of Real Estate licensing requirements serving as an equivalent to BUSR 52.
Students who repeat this course will improve their skills through further instruction and
practice.
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(225 hours lab; Degree applicable)
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(May be taken two times for credit)
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Corequisite:
BUSR 50 - Real Estate Principles
and not possessing a permanent California real estate license
at time of enrollment. Student must be enrolled in seven units minimum
including work experience units.
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Course Measurable Objectives:
- Prepare a seller's packet containing the appropriate completed documents.
- Prepare a buyer's packet containing the appropriate completed documents.
- Describe and discuss the various types of listing agreements.
- Compare obligations and possible consequences of dual agency versus single agency.
- Describe basic requirements for a real estate exchange.
- Describe role of escrow and title companies in real estate transactions.
- List and describe the most common disclosures required to complete the purchase/sale of residential real estate.
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Course Level Student Learning Outcomes:
- Students completing BUSR 52D - Real Estate Practice Work Experience will be able to successfully complete an Exclusive Right to Sell Listing Agreement.
- Students completing BUSR 52D - Real Estate Practice Work Experience will be able to draft an offer to purchase Real Estate.
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NOTE:
Every effort is made to ensure the accuracy and timeliness of this information; however, students should consult
the
college catalog
for the most current and accurate information regarding degrees,
certificates, or courses.
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This course covers real estate financing sources, loans underwriting, applications, and appraisals. Can be used to meet the additional education requirement of the salesperson or broker license.
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| (54 hours lecture; Degree applicable)
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Prerequisite:
BUSR 50 - Real Estate Principles
or employment in the real estate field
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Course Measurable Objectives:
- Describe the sequence of events and the time line that make up the foreclosure process.
- Analyze the advantages and disadvantages of variable rate loans from the standpoint of both the consumer and the financing institution.
- Solve mathematical problems in real estate finance.
- Assess given loan applications and credit reports and draw appropriate conclusions about the applicant's qualifications for a loan.
- Compare and contrast financial advantages and disadvantages of ownership of a given residential investment property, including income tax implications.
- Describe the legal process for foreclosure.
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Course Level Student Learning Outcomes:
Students completing BUSR 53 - Real Estate Finance will be able to:
- identify the role of the Secondary Mortgage Market.
- understand the elements of an adjustable rate loan.
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NOTE:
Every effort is made to ensure the accuracy and timeliness of this information; however, students should consult
the
college catalog
for the most current and accurate information regarding degrees,
certificates, or courses.
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This course presents an analysis of international, national and local factors which determine the value of real estate.
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(54 hours lecture; Degree applicable)
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Prerequisite:
BUSR 50 - Real Estate Principles
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Course Measurable Objectives:
- Apply basic economic concepts to analyze real estate markets.
- Appraise the likely effects of monetary and fiscal policies on residential and non-residential real estate markets.
- Describe and explain the reasons for historical patterns of community and regional growth.
- Describe the current tax laws that apply to real estate.
- Analyze the economic impact of a change in laws governing property and income taxes on the real estate market.
- Compare and contrast the market for residential with the market for non-residential properties.
- Employ basic economic theory to forecast future changes resulting from supply and demand factors in the real estate market.
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Course Level Student Learning Outcomes:
Students completing BUSR 55 - Real Estate Economics will be able to:
- identify factors affecting Demand in Real Estate.
- identify the forces affecting supply in Real Estate.
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NOTE:
Every effort is made to ensure the accuracy and timeliness of this information; however, students should consult
the
college catalog
for the most current and accurate information regarding degrees,
certificates, or courses.
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This course covers the current income tax principles governing the acquisition, ownership, operation and disposition of real property investments with special emphasis on tax planning and integration of tax concepts with procedural aspects. May be used as an elective course to satisfy one of the California Department of Real Estate's requirements for the salesperson or broker license.
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(54 hours lecture; Degree applicable)
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Course Measurable Objectives:
- Critique various aspects of income tax shelter features for a specific real estate investment case study.
- Evaluate the current provisions of federal income tax law as it relates to real estate investments.
- Evaluate transactions involving real estate income tax shelters utilizing appropriate vocabulary.
- Utilize appropriate vocabulary specific to real estate transactions.
- Compare tax consequences for direct sales, exchanges, and installment transactions.
- Use common investment analysis forms to prepare investment case studies.
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Course Level Student Learning Outcomes:
Students completing BUSR 57 - Income Tax Aspects of Real Estate Investment will:
- understand the importance of an assets tax basis.
- understand the method of depreciating (cost recovery) of real estate for tax purposes.
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NOTE:
Every effort is made to ensure the accuracy and timeliness of this information; however, students should consult
the
college catalog
for the most current and accurate information regarding degrees,
certificates, or courses.
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This course covers property management for owners and managers of residential and commercial income properties. Meets California real estate license requirements for salesperson and broker.
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(54 hours lecture; Degree applicable)
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Prerequisite:
BUSR 50 - Real Estate Principles
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Course Measurable Objectives:
- Define commonly used terms or concepts that are applicable to property management.
- Identify effective interpersonal relations skills for prospective tenants, tenants, employees and the owner.
- Identify the procedures for evictions and unlawful detainer actions.
- Describe how professional management can meet owner needs and goals.
- Describe how the benefits of ownership and owner goals relate to a management plan.
- Describe and evaluate the various clauses in a lease.
- Evaluate the qualifications of an applicant for either a residential or commercial property and prepare a lease.
- Describe the actions that should be taken by the manager and owner to minimize legal liabilities associated with property ownership.
- Describe and apply the current fair housing laws.
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Course Level Student Learning Outcomes:
Students completing BUSR 59 - Real Estate Property Management will:
- understand the legal relationship between a landlord and a tenant.
- know what a trust fund is and the importance of maintaining records on trust fund receipts.
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NOTE:
Every effort is made to ensure the accuracy and timeliness of this information; however, students should consult
the
college catalog
for the most current and accurate information regarding degrees,
certificates, or courses.
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This course provides a comprehensive analysis of various investment strategies, techniques, systems, and theories involving all forms of real estate with particular emphasis on research methods needed for successful investing.
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(54 hours lecture; Degree applicable)
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Prerequisite:
BUSR 50 - Real Estate Principles
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Course Measurable Objectives:
- Apply technical terms that are in common use by professionals in real estate investment.
- Compare the advantages and disadvantages of real property investments with other types of investments.
- Analyze the advantages of each of the types of ownership interest (individual, group, and trust) in real property.
- Evaluate the income tax consequences of the purchase or sale of real property.
- Evaluate the benefits of and the requirements for a 1031 exchange of real properties.
- Research and locate current tax information relating to real property investments and demographic information about potential investment locations.
- Prepare a feasibility studies in which the potential profits and tax consequences of the specific investment are evaluated.
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Course Level Student Learning Outcomes:
Students completing BUSR 60 - Real Estate Investment Planning will be able to:
- distinguish between the aspects of real estate and other types of investments.
- identify the advantages and disadvantages of different real estate investments.
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NOTE:
Every effort is made to ensure the accuracy and timeliness of this information; however, students should consult
the
college catalog
for the most current and accurate information regarding degrees,
certificates, or courses.
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This course offers an overview of the technical knowledge of the State and Federal laws that govern the practice of mortgage loan brokerage and lending in the State of California as well as mortgage lending history and process. May be used as an elective for the salesperson or broker license.
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(Fall Semester)
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(54 hours lecture; Degree applicable)
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Prerequisite:
BUSR 50 - Real Estate Principles
or employment in the real estate field
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Course Measurable Objectives:
- Identify modern residential financing and its role in the economy.
- Apply the fundamentals of mortgage lending.
- Identify steps in loan processing: organization, processing, underwriting, closing, loan administration and marketing.
- Use the qualification process of Federal Housing Administration (FHA), Veteran's Administration (VA), and conventional ratio formulas.
- Predict the direction of mortgage interest rates.
- Differentiate the secondary and primary mortgage markets.
- Analyze mortgage loan activities that require a real estate license as well as the exemptions.
- Compare the importance of agency relationships, ethics, fair housing and trust funds for the licensee.
- Disclosures that the lending community must make to all borrower applicants.
- Apply state and federal laws that govern the practice of mortgage loan brokering and lending in the State of California.
- Identify common ethical violations by licensees as reported by the Department of Real Estate.
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Course Level Student Learning Outcomes:
Students completing BUSR 62 - Mortgage Loan Brokering and Lending will be able to:
- distinguish between the various steps in loan processing.
- identify the fundamentals of mortgage lending.
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NOTE:
Every effort is made to ensure the accuracy and timeliness of this information; however, students should consult
the
college catalog
for the most current and accurate information regarding degrees,
certificates, or courses.
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This course presents a case study method of escrow procedures including processing of sale escrows with and without new trust deed financing; learning and using the vocabulary of escrow; drawing of documents; and other processing details pertinent to handling escrows from inception to closing. May be used as an elective for the salesperson or broker license.
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(54 hours lecture; Degree applicable)
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Course Measurable Objectives:
- Define the most common words and phrases in general usage in escrow.
- Produce escrow documents with and without new trust deed financing.
- Develop the documents of a sale escrow.
- Determine the appropriate proration solutions to problems commonly faced in escrow.
- Construct simple escrow documents.
- Create escrow closing statements.
- Analyze escrow instructions to buyer and seller by comparing them with the original contract.
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Course Level Student Learning Outcomes:
Students completing BUSR 76 - Escrow Procedures 1 will be able to:
- define key words and phrases used in the escrow profession.
- calculate an escrow proration.
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NOTE:
Every effort is made to ensure the accuracy and timeliness of this information; however, students should consult
the
college catalog
for the most current and accurate information regarding degrees,
certificates, or courses.
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This is an advanced course in principles and methods in handling more difficult escrow transactions, including All Inclusive Loans, Assignment of Notes and Deeds of Trust, Exchanges, Commercial/Bulk Sale and Mobile Homes. This class meets the requirements of Escrow II and Escrow III of the California Escrow Association.
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(54 hours lecture; Degree applicable)
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Prerequisite:
BUSR 76 - Escrow Procedures 1
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Course Measurable Objectives:
- Demonstrate knowledge of the escrow officer's obligations to all parties involved in both simple and complex escrow transaction.
- Define advanced words and phrases in general usage in advanced escrow transactions.
- Develop documents in a Seller Carryback loan and assumption.
- Demonstrate knowledge in balancing a Seller Carryback loan and assumption.
- Explain the basic title company endorsements.
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Course Level Student Learning Outcomes:
Students completing BUSR 77 - Escrow Procedures 2 will be able to:
- create escrow instructions for a real estate transaction.
- draft a closing statement for a real estate transaction.
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NOTE:
Every effort is made to ensure the accuracy and timeliness of this information; however, students should consult
the
college catalog
for the most current and accurate information regarding degrees,
certificates, or courses.
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This course presents the principles and procedures of appraising real property with emphasis on residential properties. Required by Office of Real Estate Appraisers (OREA) for all appraisal licenses and by the Department of Real Estate (DRE) for real estate broker license. Provides 60 hours toward OREA requirements for state licensing. Includes all topics listed in Appraisal Qualifications Board (AQB) Basic Appraisal Principles and Basic Appraisal Procedures modules. May be used as the elective course for the salesperson license.
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(63 hours lecture; Degree applicable)
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Advisory Prerequisite:
BUSR 50 - Real Estate Principles
is highly recommended
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Course Measurable Objectives:
- Describe the appraisal process.
- Evaluate governmental, economic, social, and environmental influences on real estate values.
- Compare concepts of value
- Analyze data used in appraisal process.
- Evaluate land and/or site considerations for highest and best use.
- Assess legal considerations associated with various forms of ownership.
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Course Level Student Learning Outcomes:
Students completing BUSR 81 - Appraisal: Principles and Procedures will be able to:
- define highest and best use.
- identify the three methods of apprising real property.
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NOTE:
Every effort is made to ensure the accuracy and timeliness of this information; however, students should consult
the
college catalog
for the most current and accurate information regarding degrees,
certificates, or courses.
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