Master Syllabus: FIN 44401

TROY UNIVERSITY
MASTERSYLLABUS
SORRELLCOLLEGE OF BUSINESS

FIN 4440
Real Estate Finance II

TROY UNIVERSITY SCOB MISSION STATEMENT

The Sorrell College of Business (SCOB) prepares a diverse student body, drawn primarily from Alabama and surrounding states, to become successful, ethical and engaged business professionals with the knowledge to compete in the global business environment.

To achieve this our faculty, staff, and administration will:

Provide quality undergraduate and graduate education in global business through high-quality teaching;

Serve the university and engage with business and professional communities in our primary service area through individual involvement and our centers for research and outreach;

Grow and enhance the longstanding “culture of caring” for our traditional, nontraditional, military, and international students; and

Contribute to the creation of knowledge, with a focus on the scholarship of application and integration, and teaching and learning, complemented by basic and discovery scholarship in select disciplines.

TROY UNIVERSITY SCOB VISION STATEMENT

The Sorrell College of Business strives to be a renowned teaching-focused business college graduating GEEKS ready to succeed in business and life.

Prerequisites

FIN 3336.

Description

Second course in a sequence on real estate finance. Continuation of FIN 3336. Prerequisite: FIN 3336.

Objectives

On completion of the course, the student should be able to:

  1. Explain the relationship between real estate and finance, including the areas of managerial finance, investments, and financial markets, institutions, and instruments.
  2. Explain the determination of interest rates and property valuation in real-estate finance.
  3. Explain the creation of the fixed-rate mortgage and alternative mortgage instruments.
  4. Explain how federal legislation and taxation affect affordability, efficiency, and competition in the housing and mortgage markets.
  5. List the financial markets, institutions, and instruments of the secondary mortgage market.
  6. Calculate the value of mortgage securities.
  7. Describe how default risk is controlled through borrower qualification and underwriting.
  8. Explain the process of loan origination, processing, and closing for real-estate finance.
  9. Explain mortgage default insurance, foreclosures, and title insurance.
  10. Discuss the relationships among valuation, financial leverage, and capital structure in the commercial real-estate market.
  11. Discuss liability, agency problems, fraud, and ethics in real-estate finance.

Purpose

To provide a comprehensive study of real estate finance. This is the second course in a sequence that follows the prerequisite course FIN 3336 (Real Estate Finance I). Taken together, the two courses cover the entire range of topical areas in real estate and real-estate finance.This is an excellent elective for anyone who wants to understand the important areas of real estate and real-estate finance for purposes of business management or personal financial planning.BABA/BSBA Finance major specified elective.

Required Activity

This course must contain a student engagement activity with the community that relates to course content. The activity may include guest speakers, site visits, projects for the community/industry, etc…

Approved Texts

Clauretie, T. M., & Sirmans, G. S. (2006or current). Real estate finance: Theory and practice(5th ed.). Mason, OH: Thomson/South-Western.

Supplements

As deemed appropriate.

Troy University Faculty Handbook(2016): Section 3.9.2.8 [extract] — essential elements of the syllabus (somewhat modified for space):

  1. Course title
  2. Course number + section
  3. Term
  4. Instructor
  5. Prerequisites
  6. Office hours
  7. Class days, times
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  1. Classroom location
  2. Office location + e-mail address
  3. Office telephone
  4. Course description, objectives
  5. Text(s)
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  1. Other materials
  2. Grading methods, criterion weights, make-up policy, mid-term grade reports
  3. Procedure, course requirements
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  1. General supports (Computer Works, writing center)
  2. Daily assignments, holidays, add/drop & open dates, dead day, final exam
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  1. ADA statement
  2. Electronic device statement
  3. Additional services, statements
  4. Attendance/
    Absence policy
/
  1. Incomplete work policy
  2. Cheating policy
  3. Specialization requirements (certification, licensure, teacher competencies)