RE 18 - Page 1
Date Approved:
5/7/96
Date Scanned:
5/31/2005
College of the Redwoods
COURSE OUTLINE
PROGRAM AND COURSE NUMBER: Real Estate 18
DEGREE APPLICABLE
NON-DEGREE APPLICABLE
FORMER NUMBER (If previously offered)
COURSE TITLE Real Estate Investment
I.
CATALOG AND OUTLINE
1.
CATALOG DESCRIPTION:
An advanced course in the investment aspects of real estate; computing real property income flows;
itemizing and accounting for operating expenses; and computing income tax aspects of real estate
investment analysis. An emphasis will be placed on apartment and small commercial real estate.
NOTE:
2. COURSE OUTLINE:
% of Classroom Hours Spent on Each Topic
Introduction
2%
Nature of Real Estate Market
4%
Advantages and Disadvantages of Investing in Real Estate
5%
Forms of Ownership
7%
Government’s Role in Real Estate Investment
7%
Financing Options
6%
Tax Consequences of Real Estate Investments
11%
Feasibility Studies
6%
Investing in Unimproved Property
7%
Residential Property Investment
7%
Office Buildings
7%
Strip Stores and Shopping Centers
7%
Industrial Property
7%
Specialized Real Estate Investments
7%
Section 1031 IRS Code
10%
II. PREREQUISITES
Prerequisite?
No
Yes
Corequisite?
No
Yes
Recommended Preparation?
No
Yes
(course)
(course)
RE 10
(course)
Eligibility for:
EngI 150
Math 105/106
Rationale for Prerequisite, Corequisite, Recommended Preparation: Students should be familiar with
fundamental real estate terminology, practice and procedures.
RE 18 - Page 2
Date Approved:
5/7/96
Date Scanned:
5/31/2005
Ill.
OUTCOMES AND ASSESSMENTS
1. COURSE OUTCOMES/OBJECTIVES:
List the primary instructional objectives of the class. Formulate some of them in terms of specific
measurable student accomplishments, e.g., specific knowledge and/or skills to be attained as a result of
completing this course. For degree-applicable courses, include objectives in the area of critical thinking.
Upon successful completion of this course, the student will be able to:
1.
2.
3.
4.
Gather relevant investment information.
Analyze and evaluate apartment and other commercial real estate.
Analyze tax consequences of real estate disposition.
Analyze and compare tax consequences of typical transaction with/without 1031 exchange.
2. COLLEGE LEVEL CRITICAL THINKING TASK/ASSIGNMENTS:
Degree applicable courses must include critical thinking tasks/assignments. This section need not be
completed for non-credit courses. Describe how the course requires students to independently analyze,
synthesize, explain, assess, anticipate and/or define problems, formulate and assess solutions, apply
principles to new situations, etc.
Students will analyze real estate investment and compare it with other types; analyze and evaluate
typical real estate investment vehicles; anticipate problems in depreciation, cash flow, and tax
consequences, and apply financing and tax solutions to typical real estate investment problems.
3. ASSESSMENT
Degree applicable courses must have a minimum of one response in category 1, 2, or 3. If category 1 is
not checked, the department must explain why substantial writing assignments are an inappropriate basis
for at least part of the grade.
1. Substantial writing assignments, including:
essay exam(s)
term or other paper(s)
laboratory report(s)
written homework
reading report(s)
other (specify) Real Estate investment analysis problem solving and reporting
If the course is degree applicable, substantial writing assignments in this course are inappropriate
because:
The course is primarily computational in nature.
The course primarily involves skill demonstrations or problem solving.
Other rationale (explain) __________________________________________
2. Computational or Non-computational problem-solving demonstrations, including:
exam(s)
quizzes
homework problems
laboratory report(s)
field work
other (specify)_______
3. Skill demonstrations, including:
class performance(s)
other (specify)____
4. Objective examinations, including:
multiple choice
completion
field work
performance exam(s)
true/false
other (specify)
matching items
5. Other (specify) ____________________________________
IV.
TEXTS AND MATERIALS
RE 18 - Page 3
Date Approved:
5/7/96
Date Scanned:
5/31/2005
APPROPRIATE TEXTS AND MATERIALS:
(Indicate textbooks that may be required or recommended, including alternate texts that may be used.)
Text(s)
Title:
Real Estate Investment Analysis
Required
Edition:
1st
Alternate
Author:
Fernuson/Heizer
Recommended
Publisher: AlIvn/Bacon
Date Published: 1990
(Additional required, alternate, or recommended texts should be listed on a
For degree applicable courses the adopted texts have been certified to be college-level:
Yes. Basis for determination:
is used by two or more four-year colleges or universities (certified by the Division Chair or
Branch Coordinator, or Center Dean)
OR
has been certified by the LAC as being of college level using the Coleman and Dale-Chall
Readability Index Scale.
No. Request for Exception Attached
REQUIRED READING, WRITING, AND OTHER OUTSIDE OF CLASS ASSIGNMENTS:
Over an 18-week presentation of the course, 3 hours per week are required for each unit of credit. ALL
Degree Applicable Credit classes must treat subject matter with a scope and intensity which require the
student to study outside of class. Two hours of independent work done out of class are required for each
hour of lecture. Lab and activity classes must also require some outside of class work. Outside of the
regular class time the students in this class will be doing the following:
Study
Answer questions
Skill practice
Required reading
Problem solving activity or exercise
Written work (essays/compositions/report/analysis/research)
Journal (reaction and evaluation of class, done on a continuing basis throughout the
semester)
Observation of or participation in an activity related to course content (e.g., play, museum,
concert, debate, meeting, etc.)
Field trips
Other (specify) ____________________________
separate
RE 18 - Page 4
Date Approved:
5/7/96
Date Scanned:
5/31/2005
V. TECHNICAL INFORMATION
1. Contact Hours Per Week: (Indicate
5. Recommended Maximum Class Size 50
"TOTAL" hours if less than semester length)
Lecture:
3
Weekly
Lab:
TOTAL
Weekly
No. of Weeks S
TOTAL
(S = semester length)
(Use Request for Exception sheet to justify
6. Transferability
CSU
UC
List two UC/CSU campuses with similar courses
(include course #s)
SDSU, FIN435 CSULA, FIN493
more-than-minimum required hours.)
Articulation with UC requested
Units 3.0
or
Variable Unit Range
7. Grading Standard
Letter Grade Only
2. TLUs 4.5
CR/NC Only
Grade-CR/NC Option
3. Does course fulfill a General Education
requirement? (For existing courses only;
for new courses, use GE Application Form)
Grade-CR/NC Option Criteria:
Introductory
1st course in sequence
Exploratory
Yes
No
8. Is course repeatable
If yes, in what G.E. area?
Yes
No
If so, repeatable to a maximum of:
AA/AS Area
Total Enrollments
CSU/GE Area
Total Units
IGETC Area
(Use Request for Exception sheet to justify repeatability.)
4. Method of Instruction:
9. SAM Classification C
Lecture
Lab
Lecture/Lab
Independent Study
Course Classification I