RLE 103 - Real Estate Practice, Experimental

Credits: 1
1 Lecture Hours

Co-requisites: RLE 101

Description
An overview of the basic techniques, procedures, regulations and ethics involved in real estate transactions, along with a working knowledge of the related forms and documents used, including mathematics.

Learning Outcomes
Upon successful completion of the course, the student will:

Apply licensing and registration procedures.
Describe brokerage and agency relationships.
Review and apply the National Association of Realtor’s Code of Ethics.
Apply case study information to real estate forms, (Agreement of Sale, Seller Disclosure, Cost Sheets).
Analyze the types of mortgages and review the appraisal process.
Analyze closing procedures with regard to real estate contracts.
Work through various real estate math applications.
Identify the basic elements of property management.
Complete a practice Real Estate Salesperson License Exam.

Listed Topics

The Real Estate Business
Brokerage and Agency
Ethical Practices and Fair Housing
Agency Contracts
Sales Contracts
Financing the Real Estate Transaction
Appraising the Real Estate Transaction
Closing the Real Estate Transaction
Property Management

Reference Materials
Current Textbook. Modern Real Estate Practice in Pennsylvania
Supplementary Materials such as study guides, videos, handouts, library resources.

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RLE 103 - Real Estate Practice, Experimental