Department of Finance and Marketing
RE 101: Principles of Real Estate
Fall 2004
(14304), 3 Units
Thursdays, Glenn
123,
Instructor: John
Duncan Hames, JD
Office: 323
Tehama
Office Hours: Thursdays,
Phone: 898-6403
(campus), 570-1309 (cell), or 898-1459 (home)
Email: jdhames@yahoo.com
Textbook: Haupt
& Rockwell, Principles of
COURSE OBJECTIVES:
This course
presents a broad overview designed to give students a good understanding of
marketing forces affecting real estate. It introduces the student to legal,
socioeconomic, and environmental factors related to the real estate industry.
The course examines such areas as (1) the economic characteristics of real
estate resources and the basic factors influencing the supply and demand for
real estate; (2) national, state, and local influences on real estate markets,
including demographic trends; (3) land ownership and conveyance, financing and
marketing real property; and (4) managerial review of marketing practices. My background as an attorney will lead to some
emphasis on the legal constraints on real estate commerce.
COURSE FORMAT:
Each class
meeting consists of a lecture and discussion of some key concepts and issues from
the assigned reading. Guest lectures may
be utilized to speak on their area of specialization. Some material in the textbook may not be
lectured or discussed in class. However,
students are responsible for this material if it is included in the reading
assignments.
Class
discussion is part of your learning experience. It is expected that you will
attend classes regularly. It is expected that you will read the chapters
assigned in a timely manner. There will only be a limited discussion of text
material in class but you should read the text and apply the concepts in case
analysis as well as other discussions.
EXAMS:
Examinations
will include material from the text, assigned readings, and other material
distributed/presented in class. Two
midterm examinations will be given.
Midterm examinations may consist of a combination of true-false and
multiple choice, questions. Midterm
examinations will cover textbook reading assignments and lectures. The final examination will cover the material
presented after the second mid-term examination. It will have the same value and format as a
mid-term examination. You will need a Scantron
and a pencil for all exams.
If an examination is missed it is the student's responsibility to contact me within 24 hours of the scheduled exam. Exams cannot be made up unless you can demonstrate extreme hardship. An unexcused exam or quiz will receive a score of zero.
Current
Events Paper
Students will write one paper evaluating a print
news media article on a real estate topic using the concepts taught in the text
and course. I will regularly point out
articles on real estate topics as illustrations during lectures, and I may collect
and post them for the purpose of the papers.
The goal is to identify the real estate concepts taught in the course
and describe the practical application of the concept made in the media
story. The paper must be at least three
pages long.
EXTRA
CREDIT WORK: No extra credit work will be available.
EVALUATION:
The
following point totals are available:
1. Class Attendance and Participation 50 points (2 points per
lecture, plus my subjective
evaluation of participation)
2.
2 Mid-term exams 100
points each
3.
Current Events Paper 50
points
4. Final exam 100
points
Evaluation
will be made via conventional means so that students can judge their level of
performance and achievement against accepted undergraduate, university-level
standards.
When it
is possible to obtain quantitative evaluations of various elements of the
course (e.g., quizzes, midterm exams), the following grading scale applies:
|
100-93%
= A |
89-87%
= B+ |
79-77% = C+ |
69-67%
= D+ |
59-0% =
F |
|
92-90% = A- |
86-83% = B |
76-73%
= C |
66-60%
= D |
|
|
|
82-80% = B- |
72-70%
= C- |
|
|
ETHICAL
STANDARDS AND THE HONOR CODE:
CSUC has
a tradition of respect for students' integrity in academic work. The "Code of Student Rights and
Responsibilities" delineates standards and policies of behavior. The faculty expects students to maintain a
high standard of academic integrity. If
you are unclear about a specific situation, ask! A summary of guidelines appears in the latest
edition of the University Catalog.
CHANGES TO THE SYLLABUS:
From
time to time this syllabus statement may need to be amended. Students will be notified of syllabus changes
during a regularly scheduled class. It
will be the responsibility of the students to ensure they posses the latest
version of the class syllabus.
COURSE CALENDAR
All dates listed are tentative, and will be confirmed in
class.
|
Week |
Date |
Topic |
Text Chapter |
|
1 |
8/26 |
What is Real Estate? |
1 |
|
2 |
9/2 |
Forms of title (9/3 is last day to drop w/o instructor permission) |
2 |
|
3 |
9/9 |
Transfers of Real Estate |
3 |
|
4 |
9/16 |
Private Encumbrances and (9/17 is
census date, no drop after w/o serious and compelling reason, instructor,
department chair and college dean permission) |
4,5 |
|
5 |
9/23 |
Contracts in General |
6 |
|
6 |
9/30 |
FIRST MID-TERM EXAM |
1-6 |
|
7 |
10/7 |
Contracts in Real Estate |
7 |
|
8 |
10/14 |
Real Estate Agency |
8 |
|
9 |
10/21 |
Real Estate Finance Concepts |
9 |
|
10 |
10/28 |
Residential Real Estate Lending and Closing Procedures |
10, 12 |
|
11 |
11/4 |
Real Estate Appraisal |
11 |
|
12 |
11/11 |
SECOND MID-TERM EXAM |
7-12 |
|
13 |
11/18 |
Income Tax for Real Estate |
13 |
|
14 |
11/25 |
THANKSGIVING No class meeting |
|
|
15 |
12/2 |
Civil Rights and Fair Housing Current Events Paper
Due |
14 |
|
16 |
12/9 |
Real Estate Construction and Investment |
15 |
|
17 |
12/16 |
FINAL EXAM |
13-15 |