Course Outline for Real Estate 90, Page 2

Chabot College

Course Outline for Real Estate 90, Page 2

Fall 2007

Chabot College Fall 2007

Course Outline for Real Estate 90

EXAM PREPARATION: STATE OF CALIFORNIA REAL ESTATE LICENSING EXAM

Catalog Description:

90– Exam Preparation: State of California Real Estate Licensing Exam 2 units

Real and personal property acquisition, ownership, estates in real property, joint tenancies, partnerships, sales contracts, homesteads, deeds and taxes. Methods of financing, real estate practices, and regulation of the real estate business. 2 hours.

[Typical contact hours: 35]

Prerequisite Skills:

None

Expected Outcomes for Students:

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

1. describe key real estate principles and terms;

2. apply strategies for scoring at an individual’s highest potential on the State of California standardized real estate exam;

3. list mandatory components of a real estate contract;

4. rank the essential elements of real estate value;

5. differentiate between various real estate valuation concepts;

6. solve commonly encountered real estate ethical questions;

7. categorize different types of real estate listing agreements.

Course Content

1. Property Ownership

a. Ownership in severalty

b. Concurrent Ownership

2. Land Use Controls

a. CC&Rs

b. Subdivision Regulation

c. Environmental Law

3. Regulations

a. Activities requiring a license

b. License Requirements

c. Grounds for Disciplinary Action

d. Mineral Oil & Gas Brokers

e. Fair Housing

4. Laws of Agency

a. Agents and Agency defined

b. Types of Agents

c. Creation of Agency

d. Authority of Agents

e. Duties of Agents

f. Liability (respondent superior)

g. Termination

5. Valuation and Market Analysis

a. Essential Elements of Value

b. The Appraisal Process

c. Methods of Appraisal

6. Financing

a. The Economics of Real Estate Finance

b. Real Estate Cycles

c. Interest Rates and Federal Policy

7. Transfer of Real Property

a. Alienation

b. Patents, Deeds, Wills

c. Dedication

d. Intestate Succession

e. Escheat

f. Eminent Domain & Condemnation

8. Practice of Real Estate and Mandated Disclosures

a. Agency Disclosure

b. Principal Disclosure, TDS

c. Material Facts

9. Contracts

a. Essential Elements

b. Broker Salesperson Agreements

c. Express, Executory, Bilateral

d. Option Agreements

Methods of Presentation:

1. Lecture

2. Discussion

3. Sample State test questions

Assignments and Methods of Evaluating Student Progress:

1. Typical Assignments

a. Complete independent study exam on Real Estate Property Ownership and Land Use Controls and Regulations.

b. Complete independent study exam on Real Estate Practice and Property Transfer.

c. Complete independent study exam on Real Estate Contracts, Real Estate Law, Real Estate Finance and Valuation and Appraisal.

2. Methods of Evaluating Student Progress

a. Examinations

b. Assignments

c. Final Examination

Textbook(s) (Typical):

SUPER PREP, Updated Salesperson Practice Exams , Ashley Crown Systems, 2004

Special Student Materials:

None

JM/Sept2006

Revised 10/13/06, 11/3/06

RE90