RE141 - Real Estate Practice

Student Learning Outcomes

SLOs

1. Calculate estimated market value (mean and median) from a list of sales prices.

2. Correctly complete the finance section of an offer.

3. Correctly include the end date and cooperating broker commission on a Listing Agreement.

1. Compute the mean and median value for the following sold homes.

$165,000

$190,000 Mean $____________________

$180,000

$185,000 Median $___________________

$205,000

$195,000

2. Complete section 3 from CAR Residential Purchase Agreement with this information:

Purchase Price: $250,000

Deposit 1%

FHA loan with 3.5% down

Taken from RPA-CA 4/10:

3. Complete Page 1 from CAR Residential Listing Agreement with this information:

C. Nordskog

Seller: Mr. & Mrs. Seller

Property: 123 Main St, Temecula CA 92590

APN: 123-456-789

Purchase Price: $275,000

Listing Period: 6 months

Commission to Broker: 6%

Cooperating Broker: 3%

C. Nordskog