RELE 1203 REAL ESTATE APPRAISALS (2-2-0). A study of the central purposes and functions of an appraisal, social and economic determinant of value, appraisal case studies, cost, market data, and income approaches to value estimates, final correlations, and reporting. The student will explain the functions of an appraisal; identify the three approaches to the appraisal process; describe both social and economic determinant of value; write reports that illustrate final correlations; and examine case studies as related to the appraisal process. Skills: R ( )
RELE 1211 REAL ESTATE LAW - CONTRACTS (2-2-0). Study of Real Estate License Act, Sec. 6A-3, with emphasis on general contract law. Covers the purpose, history, and working process of broker-lawyer committee. Includes instruction and exercises in preparation of all contract forms. Skills: R ( )
RELE 1215 PROPERTY MANAGEMENT (2-2-0). A study of the role of the property manager, landlord policies, operational, guidelines, leases, lease negotiations, tenant relations, maintenance, reports, habitability laws, and the Fair Housing Act. The student will discuss the agent/owner relationship; describe the types of leasehold estates and elements of a valid lease; explain ways in which the landlord tenant relationship can be terminated; and demonstrate application of Fair Housing Laws as they apply to real estate. Skills: R ( )
RELE 1225 REAL ESTATE MATH (2-2-0). Mathematical logic and basic arithmetic skills including percentages, interest, time-valued money, depreciation, amortization, proration, and estimation of closing statement. The student will calculate estimates of closing costs and prorations; calculate loan amortization problems; demonstrate proficiency in calculating area and volume problems; perform commission calculations and sales price problems; and apply the concepts of total, part, and percent in problem solving when applicable. Skills: R ( )
RELE 1301 REAL ESTATE PRINCIPLES AND PRACTICES (3-3-0). Principles and practices of real estate covering economic and social considerations, property rights, property ownership, financing, development, sales procedures, closing of transactions in agency management, and other matters pertaining to the basic understanding of real estate transactions. Skills: R (REA 1013)
RELE 1303 REAL ESTATE APPRAISAL (3-3-0). A study of the central purposes and functions of an appraisal, social and economic determinant of value, appraisal case studies, cost, market data, and income approaches to value estimates, final correlations, and reporting. The student will explain the functions of an appraisal; identify the three approaches to the appraisal process; describe both social and economic determinant of value; write reports that illustrate final correlations; and examine case studies as related to the appraisal process. Skills: R Prerequisites: RELE 1301 or equivalent (REA 2013)
RELE 1307 REAL ESTATE INVESTMENT (3-3-0). Financing, evaluation, and management of real estate investment. Emphasis on real estate investment characteristics, techniques of investment analysis, time-valued money, discounted investment criteria, leverage, and applications to property tax implications of owning real estate. The student will compute financial projections using cash flow analysis and internal rates of return and estimate appreciation; determine the advantages and disadvantages of commercial investments; and utilize the different tax rates in calculating ad valorem. Skills: R Prerequisites: RELE 1301 or equivalent. (REA 2043)
RELE 1309 REAL ESTATE LAW (3-3-0). Provides a study of legal concepts of real estate, land description, real property rights, estates in land, contracts, conveyances, encumbrances, foreclosures, recording procedures, and evidence of title. The student will explain the various types of legal descriptions of real estate and the functions and purposes of the various types of deeds; describe the foreclosure process in Texas and the rights associated with real estate ownership and the various estates in land; explain the elements of a valid real estate contract; and discuss the requirements imposed by the Real Estate Settlement Procedure Act (RESPA). Skills: R (REA 1043)
RELE 1311 REAL ESTATE LAW - CONTRACTS (3-3-0). Study of Real Estate License Act, Sec. 6A-3, with emphasis on general contract law. Covers the purpose, history, and working process of broker-lawyer committee. Includes instruction and exercises in preparation of all contract forms. Skills: R (REA 2143)
RELE 1315 PROPERTY MANAGEMENT (3-3-0). A study of the role of the property manager, landlord policies, operational, guidelines, leases, lease negotiations, tenant relations, maintenance, reports, habitability laws, and the Fair Housing Act. The student will discuss the agent/owner relationship; describe the types of leasehold estates and elements of a valid lease; explain ways in which the landlord tenant relationship can be terminated; and demonstrate application of Fair Housing Laws as they apply to real estate. Skills: R Prerequisites: RELE 1301 or 1201 (REA 2033)
RELE 1319 REAL ESTATE FINANCE (3-3-0).
Course Description: An overview of the U.S. monetary system, primary and secondary money markets, sources of mortgage loans, federal government programs, loan applications, processes and procedures, closing costs, alternative instruments, laws
affecting mortgage lending, and the State Housing Agency. The student will discuss various types of financing with clients and customers; explain the function of the primary and secondary money markets; list the types of lenders and explain the types of loans they provide; quality the buyer and the property using lender guidelines; and calculate net sheets for both parties in a real estate transaction.
Skills: R
(REA 1033)
RELE 1321 REAL ESTATE MARKETING (3-3-0). A study of real estate professionalism and ethics; characteristics of successful salespersons; time management; psychology of marketing; listing procedures; advertising; negotiating and closing financing; and the deceptive trade practice act, consumer protection act, and commercial code. The student will prepare a competitive market analysis; complete a listing agreement to include a seller's disclosure form; and demonstrate the ability to overcome objections and utilize closing techniques. The student will identify the most common violations of the Texas Deceptive Trade Practice Act by real estate agents and the three main areas involved in the Canons of Professional Ethics; and list and describe the characteristics of a successful real estate salesperson. Skills: R (REA 1023)
RELE 1325 REAL ESTATE MATHEMATICS (3-3-0). Mathematical logic and basic arithmetic skills including percentages, interest, time-valued money, depreciation, amortization, proration, and estimation of closing statement. The student will calculate estimates of closing costs and prorations; calculate loan amortization problems; demonstrate proficiency in calculating area and volume problems; perform commission calculations and sales price problems; and apply the concepts of total, part, and percent in problem solving when applicable. Skills: R (REA 1053)
RELE 1327 REAL ESTATE COMMERCIAL APPRAISAL (3-3-0). Principles and techniques used in the valuation of commercial property. Topics include purposes and function of an appraisal, social and economic forces affecting value, appraisal case studies, cost, and income approaches to value. The student will demonstrate a working knowledge of commercial appraisal techniques, professional standards, licensing, certification, and the valuation process; list the responsibilities of the appraiser to the client; and demonstrate an understanding of the reconciliation process and final value estimate. Skills: R Prerequisites: RELE 1301 or equivalent. (REA 2023)
RELE 1331 FARM AND RANCH ESTATE (3-3-0).
This course focuses on land value, land use, federal subsidies, environmental compliance issues, soil conservation, and highest and best us of land.
The student will determine the factors to consider when determining highest and best use of land; identify government regulations affecting farm and ranch land; demonstrate a knowledge of federal subsidy programs available for farm and ranch land; and identify various methods of soil conservation.
Skills: R
(REA 2113)
RELE 1333 REAL ESTATE DEVELOPMENT (3-3-0). A "how to" approach to determine the market and economic feasibility of real estate development. The student will demonstrate a working knowledge of the development process of a parcel of real estate. Skills: R Prerequisites: RELE 1301 or equivalent. (REA 2073)
RELE 1391 SPECIAL TOPICS IN REAL ESTATE (3-3-0). Topics address recently identified current events, skills, knowledge, and/or attitudes and behaviors pertinent to the technology or occupation and relevant to the professional development of the student. Learning outcomes /objectives are determined by local occupational need and business and industry trends. Skills: R Prerequisites: RELE 1301 or Equivalent (REA 2093)
RELE 2201 LAW OF AGENCY (2-2-0). Covers the principal-agent and master-servant relationships, the authority of an agent, the termination of an agent's authority, the fiduciary and other duties of an agent, employment law, deceptive trade practices, listing or buying representation procedures, the disclosure of agency, and related subjects. Skills: R ( )
RELE 2205 REAL ESTATE INSPECTION (2-2-0). A study of the different types of building systems and materials used in the design and construction of real property. Covers residential construction and commercial building systems and materials. Includes different structural building systems with emphasis on wood-related products, concrete and concrete masonry, brick, stones, and steel units. The Texas Real Estate Commission Promulgated Property Condition Addendum will be addressed along with inspector and client agreements, tools, and procedures, and electro-mechanical systems. The student will demonstrate an understanding of residential building construction; explain residential real estate inspection methods and objectives; describe the legal aspects of a real estate inspector's liabilities and requirements; and acquire a basic knowledge of the real estate inspection. The student will discuss mechanical and electrical systems, appliances, the different foundation systems for buildings, basic drainage requirements, site planning, causes of decay, and types of insect infestation. Skills: R ( )
RELE 2209 PRINCIPLES OF REAL ESTATE II (2-2-0). An overview of licensing as a real estate broker and salesman; ethics of practice; titles to and conveyancing of real estate; legal descriptions; law of agency; deeds; encumbrances and liens; distinctions between personal and real property; contracts; appraisal; finance and regulations; closing procedures; real estate mathematics; and federal, state, and local laws relating to housing discrimination, housing credit discrimination, and community reinvestment. The student will demonstrate an advanced comprehensive working knowledge of the principles of real estate and h w they apply to the real estate industry. Skills: R (REA )
RELE 2301 LAW OF AGENCY (3-3-0). Covers the principal-agent and master-servant relationships, the authority of an agent, the termination of an agent's authority, the fiduciary and other duties of an agent, employment law, deceptive trade practices, listing or buying representation procedures, the disclosure of agency, and related subjects. Skills: R (REA 2153)
RELE 2331 REAL ESTATE BROKERAGE (3-3-0). A study of law of agency, planning, and organization, operational policies and procedures, recruiting, selection and training of personnel, records and control, and real estate firm analysis and expansion criteria. The student will demonstrate an understanding of the laws of agency; assess planning, organization, and problems; create operational policies and procedures for a real estate business; administer recruiting, selection, and family of personnel policies; explain and organize records and controls appropriate to a real estate business; and perform real estate firm analysis and apply expansion criteria Skills: R Prerequisites: RELE 1301 or Equivalent (REA 2053)
RELE 2367 REAL ESTATE PRACTIUM (FIELD EXPERIENCE) (3-0-20). Practical general training and experiences in the workplace. The college with the employer develops and documents an individualize plan for the student. The plan relates the workplace training and experiences to the student's general and technical course of study. The guided external experiences my be paid or unpaid. This course may be repeated if topics and learning outcomes vary. As outlined in the learning plan, the student will master the theory, concepts, and skills involving the tools, materials, equipment, procedures, regulations, laws, and interactions within and among political, economic, environmental; and legal systems associated with the workplace; demonstrate ethical behavior, safety practices, interpersonal and teamwork skills, appropriate verbal and written communications in the workplace. Skills: R Prerequisites: RELE 1301 and 6 additional hours of Real Estate courses. (REA 2133)