Southern State Community College
Curriculum Committee –Aug 2012
REST 1174 – Real Estate Math
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I. COURSE TITLE: Real Estate Math
COURSE NUMBER: 1174 CATALOG PREFIX: REST
II. PREREQUISITES: None
III. CREDIT HOURS: 3 LECTURE HOURS: 3
LABORATORY HOURS: 0 OBSERVATION HOURS: 0
IV. COURSE DESCRIPTION:
REST 1174 provides the student with a comprehensive real estate math program, with a focus on real life application.
V. ADOPTED TEXT(S):
MASTERING REAL ESTATE MATH
7th edition
by: Ralph Tamper
Dearborn Financial Publishing Company
ISBN: 0-7931-3523-0
VI. COURSE OBJECTIVES:
During this course, the student will
1. understand the range of mathematical applications and challenges in the world of real estate.
2. develop and demonstrate competency in real estate math applications, including
a. appreciation and depreciation
b. compensation
c. ad valorem and transfer taxes
d. legal descriptions
e. interest
f. investment analysis
g. proration
h. settlement statements
i. lease calculations
j. loan calculations
k. profit and loss
l. interior measurement
3. be prepared to succeed on the math-related questions on the Ohio license exam
VII. GRADING:
A = 90 - 100
B = 80 - 89
C = 70 - 79
D = 60 - 69
F = <60
VIII. COURSE METHODOLOGY:
The course will utilize the textbook as its primary pathway. Individual class sessions may include lecture, discussion, video, guest presenters, online and handout material, internet-based work assignments, student presentations, and quizzes and exams as determined by the instructor.
IX. COURSE OUTLINE:
SAMPLE Calendar Outline:
Week 1: Basic Math Review
Week 2: Interior Measurement
Week 3: Legal Descriptions
Week 4: Interest
Week 5: Midterm One
Week 6: Loan Calculations
Week 7: Ad Valorem and Transfer Taxes
Week 8: Proration
Week 9: Compensation
Week 10: Midterm Two
Week 11: Appreciation and Depreciation
Week 12: Profit and Loss
Week 13: Settlement Statements
Week 14: Lease Calculations
Week 15: Investment Analysis
Week 16: Final Exam
X. OTHER REQUIRED MATERIALS:
Will be at the discretion of the instructor
XI. EVALUATION:
Will be at the discretion of the instructor
Sample Evaluation Format:
Midterm One 25%
Midterm Two 25%
Assignments 15%
Participation 10%
Final Exam 25%
XII. SPECIFIC MANAGEMENT REQUIREMENTS:
Students are required to be in attendance in accordance with SSCC policy, and to participate fully in class activities and discussions. Reading is to be done as assigned, and homework tasks are required.
Classroom Conduct
Civility in the classroom is very important. As adults and professionals, students are
expected to conduct themselves in a courteous and respectful manner. Disruptive, rude, sarcastic, obscene or disrespectful speech or behavior has a negative impact on everyone, and will not be tolerated. Personal electronic devices, such as laptops, Blackberries and cell phones, should be off or used only for class purposes. All students are expected to be aware of, and to follow, SSCC’s Academic Misconduct Policy.
XIII. OTHER INFORMATION:
FERPA: Students understand that work completed for this class may be seen by others if used for demonstration or teaching purposes, during group activities, or while being distributed. Some work may be read aloud or copied for limited distribution.
DISABILITIES: Students with disabilities may contact the Disabilities Service Office, Central Campus, at 800-628-7722 or 937-393-3431.