Chabot College
Fall 2007
Course Outline for Real Estate 88
REAL ESTATE PROPERTY MANAGEMENT
Catalog Description:
88 – Real Estate Property Management
3 units
Problems encountered by owners and resident managers of residential and commercial income
properties; application of sound business principles in the pursuit of operational effectiveness.
Prerequisite: Real Estate 80. 3 hours.
Prerequisite Skills:
Before entering 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.
Expected Outcomes for Students:
Upon completion of this course, the student should be able to:
1. list four classifications of real property and give examples of each;
2. state three goals of a competent property manager;
3. explain the difference between a property manager and an asset manager ;
4. name and explain the four business cycles affecting property management (expansion, recession
contraction and revival);
5. construct a management plan for a subject property;
6. summarize the responsibilities of management and those of the property owner;
7. explain the importance of using attorneys to review all lease forms;
8. describe accessibility modifications that must be made for housing for the elderly and
handicapped persons per (ADA).
Course Content:
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History and growth of property management, scope of property management as a profession
Real estate economics and how outside forces affect the property manager
Leases and the major lease clauses
The management agent
Performance objectives of the property manager
Establishing a management plan
Management of residential apartments
Management of shopping centers
Management of office buildings
Management of condominiums
Miscellaneous types of management
Role of maintenance in property management
Chabot College
Course Outline for Real Estate 88, Page 2
Fall 2007
13. Administration and management by the property management office
14. California landlord/tenant laws
15. Human relations in property management
Methods of Presentation:
1. Lecture
2. Discussion
3. Guest lectures
Assignments and Methods of Evaluating Student Progress:
1. Typical Assignments
a. Contact 3 different types of property management companies:
1.) Commercial/Retail
2.) Industrial/Manufacturing
3.) Multi Family/Residential
Compare and contrast the nature of the different property management functions using
information gathered from “real world” situations and the text. Prepare a summary for
submittal.
b. Identify the leading National Property Management Associations and critique their purpose
and value to members and member clients. Explain the value added as a result of affiliation
with these associations.
c. Summarize the cost of annual property management contracts and the services this contract
would include. Complete three different property type scenarios.
2. Methods of Evaluating Student Progress
a. Examinations
b. Assignments
c. Final Examination
Textbook(s) (Typical):
Property Management, 7th Edition, Kyle, Dearborn Publishing, 2005
Special Student Materials:
None
JM/Sept2006
Revised 10/13/06, 11/3/06
RE88