Real Estate Finance. RE 007, Section 8167 (Online) February 8 June 6, 2016

Transcription

1 West Los Angeles College Syllabus, Spring 2016 Real Estate Finance RE 007, Section 8167 (Online) February 8 June 6, 2016 Course Description and Purpose In this course, forms and sources of financing property, construction and permanent financing are studied. The procedures for FHA, Cal Vet and VA financing, mortgage capital from savings and loan associations, commercial banks, insurance companies and other sources, junior mortgages, appraising for mortgages, loan ratios and leaseholds are also covered. Course Credit: 3 Units. Course Textbook Information Real Estate Finance, 7th Edition Author: Walt Huber, Levin P. Messick. Publisher: Educational Textbook Company (ETC). ISBN Bookstore Ph: (310) Instructor: Dr. Arnita Porter PorterAE@wlac.edu Office hours by appt (9 am - 2pm) Course Goals and Student Learning Objectives (SLOs) Page 2 Course Overview, Requirements, and Expectations Page 3 Spring 2016 Calendar, Course Objectives, Study Tips, Classroom and Social Media Info, and Teaching Philosophy. Pages 4 & 5

2 Online Access This course is taught online using ETUDES (Easy To Use Distance Education Software). All assignments, quizzes, tests, and other materials will be posted in ETUDES. This course is supported by MAC and PC. Access to a computer with a reliable, stable Internet connection is required. Your course will not be accessible before February 8th. Please review the information on West Los Angeles College s (WLAC) Distance Learning website at to find links to course information including required materials, login instructions, Technical Requirements and videos on How to Login, Navigate within Etudes, Read & Post in the Discussion area. Course Goals & Student Learning Objectives This course will provide students with information to develop real estate knowledge sufficient to pass the State of California Bureau of Real Estate Agent Licensing Examination, and will create a foundation for additional real estate study and personal development. This course will also achieve the following institutional Student Learning Outcomes: ASSISTANCE: For Course Content Issues: Please contact me via the ETUDES site or at: PorterAE@wlac.edu. For Technical Support Issues: visit the Online Student Help Desk at Distance Learning Program Office: (310) online@wlac.edu Counseling Services and Programs: visit wlac.edu. STUDENT SUCCESS Describe and explain the role and function of the Federal Reserve System Interpret and analyze a Uniform Standard Residential Application (1003) List, compare and contrast conventional and government loan programs ACCOMODATIONS: West DSPS Program If you have a documented disability and believe you may need accommodations with this class, please contact Supportive Services Located in HRLC 119 Ph: (310) DSPS will better ensure the accommodations you need are implemented in a timely fashion

3 Attendance Students are expected to login consistently throughout the semester. All students must be logged in by Monday, February 15th. Students not logged in by Monday, February 15th will be excluded from the course and might not be reinstated. A student who does not regularly login and does not complete the coursework is subject to being dropped from the course or receiving an F. If you are having problems with the course material or class participation, please contact me at the outset, rather than waiting until an assignment is due. Course Withdrawal Procedure Course Withdrawal Assignments, Quizzes & Exams Course work is located in Etudes under the Assignments, Tests and Surveys tab. 15 chapters (one chapter per week); 15 quizzes; 15 discussion questions; 3 exams; and 1 assignment/project. Course work is time sensitive. If you re experiencing challenges keeping up with the course, please contact me so we can work together to bring you up to speed. All course work must be completed and submitted by Sunday, May 29, Grading Students may earn up to a total of 700 points. The final grade will be based upon the total number of points (out of 700) from exams, quizzes, assignments, and the project. Additional points may be earned from extra credit. Discussion Questions = 150 points Assignment/Project = 100 points Quizzes = 150 points (Chapters 1 15) Exam 1 = 100 points (Chapters 1 6) Exam 2 = 100 points (Chapters 7 12) Exam 3 = 100 points (Chapters 13 15) The course grade will be based upon the following: 90% and over will earn a grade of A 80% to 89.9% will earn a grade of B 70% to 79.9% will earn a grade of C 60% to 69.9% will earn a grade of D 59.9% and below will earn a grade of F A grade of C or better is required by the Bureau of Real Estate in order to take the State of California Bureau of Real Estate Examination for real estate licensing. If you intend to withdraw from the course, you must follow the proper procedure, in accordance with the college catalogue. Please complete the proper form and submit to the Office of Admissions and Records, and notify me in writing to avoid receiving an F as the final grade. Failing to complete the course and officially dropping the class may result in you receiving an F on your permanent records. 3 3

4 Upon successful completion of this course, students will be able to Course Objectives A. Define mortgage terms and explain the history of real estate finance. B. Employ vocabulary and terminology specific to the field of Real Estate Finance. C. Identify financing terms, documents, forms and sources for financing property. D. Identify and articulate distinctions between FHA, Cal Vet, VA loans, primary and secondary markets, and mortgage products. E. Identify procedures for securing financing for home, commercial and investment properties. F. Utilize computers, the internet and social media for research, marketing and expanding clientele. G. Demonstrate knowledge of leasehold estates. H. Identify federal and state laws that influence and impact the market. I. Identify ethical laws, policies, guidelines and standards adhered to within the industry. RESOURCES FOR STUDENT SUCCESS STUDY TIPS 10 Study Tips to Improve Your Learning Exam Preparation: 10 Study Tips Tips for Effective Studying TUTORING WLAC Tutoring Schedule LIBRARY WLAC Library Virtual Classroom Information Academic Honesty Classroom Courtesy: The classroom environment, whether on campus or online should be of mutual respect and learning. Please refrain from posting offensive comments or photographs. It is best to adhere to a professional code of conduct when posting assignments and materials in the chat room. Academic Honesty: Lack of honesty in the classroom is a serious offense. Please refrain from cheating or plagiarizing in this course, such as using someone else s work or taking another s exam. The LACCD Standard of Student Conduct (Board Rule ) is outlined in the WLAC Catalogue and will be strictly adhered to where issues of cheating or plagiarizing arise. Honesty is the best policy! 4 4

5 LAST DAY TO Recency/Third Attempt Petitions Jan 22, 2016 Prerequisite Clearance/Challenge Petitions Jan 22, 2016 Add/Audit Traditional Classes Online: Feb 7, 2016 In-person: Feb 19, 2016 Saturday Class Exception: You may get an add slip for a Saturday class on Feb 20 and submit it to Admissions the week of Feb 22 Drop a Class with a refund/no fee owed Feb 19, 2016 Drop a Class without a "W" Feb 19, 2016 Drop a Class with a "W" May 6, 2016 File Pass / No Pass Feb 19, 2016 GRADUATION PETITION ACCEPTED Nov 16- Apr 22 GRADUATION CEREMONY CAMPUS CLOSED *Full WLAC Academic Calendar TBA Presidents' Day: Feb 12 - Feb 15 Cesar Chavez Day: Mar 31 Spring Break: April 1 - April 8 Memorial Day: May 30 THANKS FOR BEING HERE Each semester is different and equally exciting. Students from various backgrounds and disciplines have different reasons for taking this course. Some are just curious about the market, some are at the beginning stages of careers, and some of you may be licensed real estate professionals with real world experience. I m here because I enjoy sharing information, exchanging ideas and assisting students with reaching personal, educational and professional goals. I believe learning should extend beyond the classroom. Our textbook will be used as a guide, however, we ll reach beyond the textbook for articles, online publications, books, videos and other content to broaden our horizons. Securities, economics, risk management, valuation, property rights, mortgages, loans, investment properties, legal issues, ethics, and public policy all important topics worthy of discussion because of how they directly impact our daily lives. Whatever your reason for taking this class, I m glad you re here. Welcome to Real Estate Finance! ~ Arnita Porter WestTEXT! is Student Services newest tool to keep you informed. Text WEST to and start receiving occasional texts about deadlines, opportunities, events and more! VISIT WEST ON FACEBOOK Become a fan and get updates on coming events, deadlines, internships, university reps on campus, scholarships, team updates and more! 5 5