Chabot College
Fall 2007
Course Outline for Real Estate 80
REAL ESTATE PRINCIPLES
Catalog Description:
80 – Real Estate Principles
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. 3 hours.
[Typical contact hours: 52.5]
Prerequisite Skills:
None
Expected Outcomes for Students:
Upon completion of this course, the student should be able to:
1. identify each of the steps and stages in a typical residential home sale;
2. list the services that a real estate agent provides to home buyers;
3. distinguish between real property and personal property;
4. list the three major methods used to describe land in legal documents.
5. describe the methods of holding title;
6. define the term “easement”;
7. list the different types of categories into which zoning ordinances divide a community;
8. define the term “eminent domain”;
9. explain the statute of frauds;
10. define the term “listing agreement”;
11. describe the agency relationship;
12. recall the four essential elements of value;
13. recognize the purpose and importance of an MAI appraisal;
14. differentiate between a “Seller’s” market and a “Buyer’s” market;
15. compare the advantages of renting to the advantages of buying;
16. solve capitalization problems using the capitalization approach to value.
Course Content
1.
2.
3.
4.
5.
6.
Legal aspects of real estate
Public control of real estate
Valuation of real estate
Financing
Real estate practice
Regulations of the real estate business
Methods of Presentation:
1. Lecture
2. Discussion
3. Problem solving
3 units
Chabot College
Course Outline for REST 80, Page 2
Fall 2007
Assignments and Methods of Evaluating Student Progress:
1. Typical Assignments
a. Identify a factor currently influencing the local real estate market and pinpoint the effect seen
on an owner vs. the effect on a buyer
b. Locate a “buyers” market in California, and explain characteristics of such a market
c. Locate a “Sellers” market in California, and explain characteristics of such a market
2. Methods of Evaluating Student Progress
a. Examinations
b. Assignments
c. Final Examination
Textbook(s) (Typical):
Principles of California Real Estate, Haupt, Rockwell, Rockwell Publishing, 13th edition, 2006
Reference Book, California Department of Real Estate
Special Student Materials:
None
JM/Sept2007
Revised 10/11/06, 11/3/06
RE80