North Seattle Community College
Business, Engineering, & Information Technologies Division
Course Outline
Effective Fall 2008
Division: Business, Engineering, & Information Technologies Program/Dept: Real Estate
Course Number: RES 125
Credits:
2.0
Variable: No
Course Title: Real Estate Math
Inst. Intent: 21 Vocational Preparatory
Fee: No
CIP: 52.1501
Type:
Type:
Amount:
Amount:
Degree/Certificate Requirement: Yes
Name of Degree/Certificate Requirement: Real Estate AAS Degree and Appraisal AAS-T
Degree; Real Estate Residential Appraiser Certificate, Real Estate Licensed Appraiser Certificate;
Real Estate Loan Officer Certificate, Real Estate Sales Certificate, Advanced Real Estate Sales
Certificate
Distribution Requirement for AA: No
Transfer Status to 4-year institution: No
If yes, please describe:
Course length: 1 quarter
Course Contact Hours: 22
Lecture: 22
Lab:
Prerequisite: No
Class Size: 25
Clinical:
Other:
-
If yes, please describe:
Required Placement Tests: NO
If yes, please describe:
Comments:
Course Description:
Become skilled in basic real estate mathematics using the Hewlett Packard or similar
financial calculator. Apply a variety of principles for real estate transactions, valuation,
finance and other investment analysis. Students provide financial calculator (HP10B2 or
HP12C) and purchase text prior to first class session. (Fulfills 20 DOL and DFI continuing
education clock hours.)
1
Course Outcomes/Learning Objectives:
Upon completion of this course, students should be able to
1.
Use the HP10B2 or HP12C calculator to complete basic real estate math equations.
2.
Create equations and solve for loan payments, rate and present value.
3.
Complete a mortgage analysis.
NSCC General Education Outcomes and/or Related Instructional Outcomes (for
technical courses) Met by Course: (list each outcome):
2. Use quantitative reasoning processes to understand, analyze, interpret, and solve
quantitative problems.
Topical Outline and/or Major Divisions:
I.
COURSE INTRODUCTION
A.
B.
C.
II.
INTRODUCTION TO THE FINANCIAL CALCULATOR (HP series)
A.
B.
C.
D.
E.
F.
III.
Keyboard identification and differences
Simple functions:
1. System check ([on]-[x] keys)
2. Decimal point
3. Screen
4. x/y key
5. Etc.
RPN logic vs. Algebraic format
Stack registers and memory allocation
Chain calculations
Programming
BASIC REAL ESTATE MATH
A.
B.
IV.
Course overview
Class survey of vocational interest/emphasis
Skill Assessment Quiz
Review
1. Equalities
2. Units of measure (acres, feet, meters, etc.)
3. Fractions
4. Decimals
5. Percentages (% change, % of total, etc.)
Real estate applications
1. Areas & volumes
2. Legal descriptions
3. List price/sale price/net price
4. Commissions
5. Depreciation
6. Prorations
7. Rates, multipliers and IRV
REAL ESTATE FINANCE
A.
Six functions of a dollar introduction
1. HP cash flow diagrams (Beg/End)
2
B.
C.
Time-value-of-money
1. Solving for [i]:
a. Simple vs. compounded
b. Periodic vs. nominal
2. Solving for periods [n]
3. Solving for payment [PMT]
a. Loan amortization
1) Loan payment
2) Accrued interest/principal per period
3) Loan balance
b. Sinking Fund Payment
4. Solving for present value [PV]
a. PV of $/period
b. PV of $
c. Cash equivalency
5. Solving for future value [FV]
Application Problems
1. Mortgage Analysis
2. Cash Equivalency
3. Discount to Yield
Course Requirements (Expectations of Students)
Students will be expected to
 Attend class sessions
 Complete assigned readings
 Complete all assignments, projects and examinations based on deadlines established by the
instructor
Methods of Assessment/Evaluation:
Tests, projects and assignments as determined by instructor.
Final grades are assigned according to published grading standards for the course
Required Text(s) and/or Materials:
To be determined by instructor
Supplemental Text(s) and/or Materials:
As designated by instructor.
Outline Developed by:
Kent Scudder/Glenn Forrest Date: January 1, 1995
Revised by:
Nancy JG Adelson
Date: April 26, 1999, April 26, 2004
Revised by:
Nancy JG Adelson
Date: October 1, 2007; May1, 2008
May 14, 2008
Updated 5-14-08 NJGA
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