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Real Estate (REAL)

REAL 1011 Real Estate Principles & Practices (A, SP, SU)

3 credits
This course is an introduction to the language of real estate, the econom- ics  of  the  real  estate business,  and  the  general practices performed in the listing and selling of real estate. It provides a basic knowledge of the real estate business by addressing the physical, legal, locational, and economic  characteristics  of  real  estate,  real estate markets, regional and local economic influences on real estate values, evaluation, financing, licensing, and professional ethics. This course meets all state requirements for licensing.
Lecture: 3 hours

REAL 1012 Real Estate Law (A, SP, SU)

3 credits
Real Estate Law includes all areas of law of common concern to the typical real estate practitioner and investor-consumer. Among topics covered are the law of agency, law of fixtures, freehold and leasehold, estates, conveyance of real estate, real estate managers, licensure laws of Ohio, zoning, cooperatives and condominiums. This course meets all state requirements for licensure.
Lecture: 3 hours

REAL 1013 Real Estate Finance (A, SP, SU)

2 credits
REAL 1013 covers four major concerns of real estate financing: financing instruments and creative financing techniques; in-depth mortgage payment patterns and concepts, economic characteristics and standards, and financing of single and income-producing properties; sources and availability of mortgage money and credit and the impact of various factors on the mortgage market; and special government activities having an impact on real estate financing. This course meets state requirements for licensing.
Lecture: 2 hours

REAL 1014 Real Estate Appraisal (A, SP, SU)

2 credits
REAL 1014 stresses the methodology of appraising the single-family residential property and the theory underlying appraisal techniques. This course covers the three basic techniques of appraising: market comparison, penalized cost of replacement, and income approach (GMRM). A term appraisal project is assigned to give the student practical experience in ap- plying these techniques. This course meets state requirements for licensing.
Lecture: 2 hours

REAL 1221 Residential Sales Practices (SP)

2 credits
This is a “how to” course providing a step-by-step approach for success as a real estate professional based on sound principles and acceptable techniques. This course sets forth basic fundamentals which must be mastered by real estate practitioners, regardless of their specialization or  type of property involved. The underlying theme is communication. Lecture: 2 hours
Prerequisite: REAL 1011

REAL 2194 SPT: Real Estate (On Demand)

1 credit
The student will explore selected issues relevant to the real estate industry.
Lecture: 1 hour

REAL 2220 Real Estate Etiquette (A, SP)

2 credits
This course is intended to educate real estate licensees and potential licensees on the importance of etiquette and professionalism in the real estate practice. This course covers etiquette between agents and clients, be they English-speaking or foreign-born. Students will learn basic customs and traditions in the real estate industry and will learn appropriate conduct for a variety of settings that they will experience in the real estate field. Lecture: 2 hours
PPrerequisite: REAL 1011

REAL 2221 Prof Property Management (A, SP)

2 credits
This is a course studying decision-making as it affects management of residential, commercial and industrial property. The emphasis shall be on the practical application of theory to actual management problems.
Specific topics include the Ohio Tenant Landlord Act, forcible entry and detainer, typical leases, office management, hiring, merchandising, advertising, collection problems, taxes, insurance and maintenance.
Lecture: 2 hours
PPrerequisite: REAL 1011

REAL 2250 Commercial Real Estate (A, SP)

2 credits
This course introduces students to commercial real estate practice including basic vocabulary, various compliance requirements, tools, and training to proceed with commercial listing or sales activity. Students will learn to establish market value and return for investments in a variety of commercial buildings as well as a broad selection of financing options for commercial real estate.
Lecture: 2 hours
PPrerequisite: REAL 1011

REAL 2270 Real Estate Investing (A, SP)

2 credits
This course offers a practical approach to understanding the steps necessary to purchase real property as part of an investment portfolio. Students will use case studies to develop investment plans that achieve financial wealth through real property investment. Investment property will include single family, multi-family, and small commercial ventures. It is recommended that the student be familiar with Excel spreadsheets or similar software.
LLecture: 2 hours

REAL 2275 Repair, Restore, Remodel (A, SP)

2 credits
This course is based on proven techniques used to repair, restore or remodel property that is functionally obsolete. Students will learn a broad overview of home systems, common repairs, and typical home maintenance. Students will understand the basic techniques used to restore historical properties as well. Students will study architectural style and design based upon property’s age. The final part of the course will analyze what type of remodeling is economically feasible as well as scope of work and time involved.
LLecture: 2 hours

REAL 2294 SPT: Real Estate (On Demand)

2 credits
The  student will  explore selected issues  relevant to  the  real  estate industry.
LLecture: 2 hours

REAL 2394 SPT: Real Estate (On Demand)

3 credits
The student will explore selected issues relevant to the real estate industry.
LLecture: 3 hours

Real 2950 REAL Seminar/Practicum (A, SP, SU)

2 credits
This course introduces students to the real estate profession and daily activities of a real estate agent. The course will provide a foundation of the real estate process and an opportunity for student s apply classroom information, theories, and skills in a real estate office environment. Students will participate in an actual real estate office environment. Program coordinator’s approval needed.
Lecture: 1 hour – Practicum: 7 hours
Instructor permission required.