Course Syllabus Law of Contracts RELE 1311 (1018) Houston Community College System INSTRUCTOR: OFFICE HOURS: E-MAIL/PHONE: CRN#: George Silaski Tue. –Thur. 6:00 to 10:00 gsilaski@sbcglobal.net PLEASE TURN OFF ALL PHONES AND PAGERS DURING CLASS This course provides three semester hours of college credit and forty-five hours of classroom credit. It is a core real estate course and is required by The Texas Real Estate Commission to make application for a salesperson’s license. TEXT: Texas Real Estate Contracts, Jim Wiedemer AUDIENCE: Individuals who need hours as a part of the requirements to acquire a Real Estate License, or hours toward a degree or certificate of achievement, or to better understand the role of the earnest money contract in a real estate transaction. COURSE DESCRIPTION: A review of real estate contracts required by Section 6A (3) of the Real Estate License Act with emphasis on general contract law requirements. Also covers the purpose, history, and working process of the Broker-Lawyer Committee. Includes preparation of real estate contract forms with emphasis on the most commonly used forms. The first six classroom hours consist of a review of the subject required by Section 6A (3) of the Real Estate License Act with emphasis on general contract law requirements. The Texas Real Estate Commission requires this course for new salesperson applicants. COURSE OBJECTIVES: By completing this course, you should be able to: 1. State what constitutes competent parties 2. Explain the element of a valid contract 3. Explain Statute of Frauds, breach of contract, and unauthorized practice of law. 4. Describe the purpose Broker-Lawyer committee 5. Complete the earnest money contract and addenda. 6. Complete the SCANS modules entitled “Exhibit Reasoning Skills” and “Negotiate Conflict Resolution”. 7. The student may obtain information about career opportunities in the real estate profession from guest speakers, videos, and the web sites attached to this syllabus. These sites would offer the student additional sources of real estate information to enhance the classroom learning experience. GRADING SCALE: A = 90 - 100% B = 80 - 89% C = 70 - 79% D = 60 - 69% Daily grades 10%; Mid-term exam 40%; Final exam 50% Below 60% = F ABSENCES: The College System policy on absences is stated in the Student Handbook and the Faculty Handbook. Instructors may drop students with excessive absences. Since the real estate commission requires full attendance in approved courses, any absences must be made up with the approval and concurrence of the instructor. TARDINESS: The Faculty Handbook states that the College System does not have a policy on students arriving late to class but that instructors may impose any sanction that they feel appropriate. Since the real estate commission requires full attendance in approved courses, any tardiness will be considered as similar to absences and will require make up as determined by the instructor. POLICY ON ACADEMIC DISHONESTY: The following is an excerpt from the Student Conduct section of the College System catalog: “Scholastic dishonesty includes, but is not limited to, cheating on a test, plagiarism, and collusion.” Students guilty of academic dishonesty can be given a grade of “F” or “0” for the particular test or assignment involved. STUDENTS WITH SPECIAL NEEDS: Any student with a documented disability (e.g. physical, learning, psychiatric, vision, hearing, etc.) who needs to arrange reasonable accommodations must contact the Disability Services Office at the respective college at the beginning of each semester. Faculty are authorized to provide only accommodations requested by the Disability Support Services Office. MAKEUP WORK: In accordance with Texas Real Estate Commission guidelines and departmental policy, no makeup work will be accepted ninety days or more from the ending date of the course. REAL ESTATE SITES: The following sites contain information for additional student learning and career opportunities in real estate; (see attached list) SCHEDULE: Session 1 Introduction and History of contracts One to Four Family Rresidential Contract (ReSale) Session 2 Elements of a contract 0ne to Four Family Residential Contract (ReSale) Third Party Financing Addendum Session 3 New Home Contracts Computer Lab Session 4 Condominium Contracts Session 5 Addendums and Amendments Computer Lab Session 6 Financing and Mid Term Review Session 7 Mid Term Session 8 Case Study Session 9 FHA financing and Case Study Session 10 DVA and Case Study Session 11 Unimproved Property, and Farm and Ranch Contracts Final Exam Review Session 12 Final WEB SITES OF REAL ESTATE INTEREST US GOVERNMENT www.hud.gov www.va.gov www.ftc.gov www.hud.gov/fha/sfh/res/respa_hm.html www.fairhousing.com/ www.epa.gov www.scorecard.org/ www.whitehouse.gov US Department of Housing and Urban Development Department of Veteran Affairs Federal Trade Commission Real Estate Settlement Procedures Act National Fair Housing Advocate Environmental Protection Agency (EPA) Air Pollution Sites The White House STATE OF TEXAS www.trec.state.tx.us http://recenter.tamu.edu www.capitol.state.tx.us/statutes/statutes.htm www.capitol.state.tx.us/statutes/pptoc.html www.texasonline.com www.talcb.state.tx.us www.tsld.state.tx.us www.cpa.state.tx.us The Texas Real Estate Commission Real Estate Center at A & M Texas Laws Texas Property Code Texas Government e-Services (records-birth-death) Texas Appraiser Licensing & Certification Board Texas Mortgage Broker Regulation Window on State Government (school data) LOCAL SITES www.hcad.org www.ftbendcc.org/ www.tax.co.harris.tx.us etc) MORTGAGE INFORMATION www.homepath.com www.rate.net www.eloan.com Harris County Appraisal District Fort Bend Chamber of Commerce Harris County Tax Collector (autos, voter registration, Fannie Mae’s Home Buying An Index of Loan Rates Internet Mortgage Information REALTOR SITES www.realtor.com www.tar.org www.har.com National Association of Realtors Texas Association of Realtors Houston Association of Realtors MAPS http://terraserver.microsoft.com www.mapquest.com www.excite.com/travel/maps www.mapblast.com Satellite Maps Maps and Trip Planner Maps and Trip Planner Maps and Trip Planner NEWS www.inman.com www.frogpondgroup.com www.realdata.com www.realtytimes.com www.homes.com Inman News Service Real Estate News and Information Real Estate News and Information Real Estate News and Information Home Search www.nytimes.com Washington Post APPRAISAL AND DATA SITES www.loopnet.com www.caci.com www.digitalcity.com www.census.gov Listing of Commercial Properties Demographics Demographic information U S Census Bureau Information ORGANIZATIONS www.alta.org www.appraisalinstitute.org www.boma.org www.naahq.org www.nareb.org www.idrc.org www.irem.org www.nahb.org www.ccim.org www.uli.org www.treta.org www.reea.org American Land Title Association Appraisal Institute Building Owners and Managers Association National Apartment Association National Association of Real Estate Brokers Industrial Real Estate Institute of Real Estate Managers National Association of Home Builders Commercial Investment Institute Urban Land Institute Texas Real Estate Teachers Association Real Estate Educators Association CLIP ART www.presentersuniversity.com www.wilderpresentations.com www.presentationpro.com www.indezine.com www.soniacoleman.com www.digitalartware.com www.photoshare.com www.eclipsed.com www.clipart.co.uk/ MISC. www.gallup.com www.geocities.yahoo.com www.homestead.com www.realtown.com www.translator.go.com www.digitalcity.com Presentation Information and Tutorials Presentation Information and Tutorials Presentation Information and Tutorials Presentation Information and Tutorials Presentation Information and Tutorials Presentation Information and Tutorials Presentation Information and Tutorials Clipart Clipart Gallup Polls Free Web Page Free Web Page Real Estate Software Translate English to a Foreign Language Demographic information