REA 1023 REAL ESTATE MARKETING (3-3-0). Study of the buyer's and seller's market, seasonal influence of the market, class of buyers, sales techniques and procedures, protecting the buyer and seller, developing selling policies, aids, and controls. Skills: G
REA 1033 REAL ESTATE FINANCE (3-3-0). The study of sources of mortgage funds, loan procedures, federal and state practices in mortgages and real estate finance, survey of savings and loan associations, commercial banks, life insurance companies, and mortgage bankers. Skills: G
REA 1043 REAL ESTATE LAW (3-3-0). Study of sources of real estate law, legal estates and ownership, deeds, contracts, law of agency and brokerage, escrow agreements, closing of sales, title assurance methods, mortgages, liens, leases, homesteads, wills, administration of estates, zoning and building ordinances, property taxation, and other matters of law that pertain to real estate transactions. Skills: G
REA 1053 REAL ESTATE MATHEMATICS (3-3-0). Focuses on the math applications related to real estate sales: percentages, interest, time-valued money, depreciation, amortization, proration, estimation of closing statements, and related topics. Includes a review of basic mathematics skills and mathematical logic and the use of hand-held calculators.
REA 2013 FUNDAMENTALS OF REAL ESTATE APPRAISAL (3-3-0). Appraisal principles and procedures; valuation factors; appraisal considerations and appraisals in relation to purpose of evaluation; appraisal of residential property; application or interpretation of appraisal information. Skills: G Prerequisites: REA 1013 or equivalent.
REA 2023 REAL ESTATE APPRAISAL TECHNIQUES (3-3-0). Principles and techniques of net income capitalization, emphasizing commercial income producing property. Includes estimating future growth, measurement of risk, and returns and capitalization applied to the appraisal of commercial property. Skills: G
REA 2033 REAL PROPERTY MANAGEMENT (3-3-0). Introduction to the property management field, including professional organizations, management responsibilities, lease negotiations, insurance and tax aspects, advertising, and public relations. Skills: G Prerequisites: REA 1013 or equivalent.
REA 2043 REAL ESTATE INVESTMENT (3-3-0). Study of the financing, valuation, and management of real estate investments. Includes real estate investment strategy and decisions, managing investment risks, tax considerations, governments, and mortgage markets sale in financing. Skills: G Prerequisites: REA 1013 or equivalent.
REA 2053 REAL ESTATE BROKERAGE (3-3-0). Techniques and skills required to effectively operate a broker's office in today's economy, including organization of brokerage operations; personnel selecting, training, and retention; sales, marketing and advertising policy formulation; and general functions of the modern brokerage office. Skills: G Prerequisites: REA 1013 or equivalent.
REA 2063 REAL ESTATE REGULATION AND TAXATION (3-3-0). Survey of federal, state, and local governmental agencies that affect the real estate market with emphasis placed on current, pending, or future legislation. The effect of taxes on the real estate market and tax factors that influence investment decisions. Skills: G Prerequisites: REA 1013 or equivalent.
REA 2073 REAL ESTATE PROPERTY DEVELOPMENT (3-3-0). Survey of construction, subdivision layout and planning, and project rehabilitation and conversion. Preparation of plans and project designs, property acquisition, and transfer procedures required in a development. Legal requirements and governmental regulations will be stressed. Skills: G Prerequisites: REA 1013 or equivalent.
REA 2083 REAL ESTATE TITLE, ABSTRACT, ESCROW, AND CLOSING PROCEDURES (3-3-0). Title procedure and considerations of represented parties. Abstract and escrow factors. Preparation, computation, and completion of closing statements. Settlement between broker and seller. Skills: G Prerequisites: REA 1013 or equivalent.
REA 2093 REAL ESTATE SEMINAR (3-3-0). The structure and content of this course will reflect current trends in the real estate industry, but a list of possible topics includes environmental restrictions, federal and state legislation, flood control plain, P.U.D., new town concepts, and the energy crisis and its effect on the real estate industry. Skills: G Prerequisites: REA 1013 or equivalent.
REA 2113 FARM AND RANCH LAND (3-3-0).
A study of the basis for evaluating and explaining land use. Includes review of effective use of farm and ranch land, constraints on land use, and land productivity considerations and processes. Acquisition, leasing, credit planning, taxation, and public measures and regulations related to land use are covered.
Skills: G
REA 2133 REAL ESTATE PRACTICUM (3-1-15). Internship training and application of real estate principles and skills. Problem consideration, job related studies, and independent research are utilized. Skills: P Prerequisites: 12 semester hours in Real Estate courses and Instructor approval.
REA 2143 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: G
REA 2153 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.