Jun 20, 2024  
2020-2021 Catalog 
2020-2021 Catalog [ARCHIVED CATALOG]

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RLE 103 - Real Estate Practice, Experimental

Credits: 1
1 Lecture Hours

Co-requisites: RLE 101  

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:

  1. Apply licensing and registration procedures.
  2. Describe brokerage and agency relationships.
  3. Review and apply the National Association of Realtor’s Code of Ethics.
  4. Apply case study information to real estate forms, (Agreement of Sale, Seller Disclosure, Cost Sheets).
  5. Analyze the types of mortgages and review the appraisal process.
  6. Analyze closing procedures with regard to real estate contracts.
  7. Work through various real estate math applications.
  8. Identify the basic elements of property management.
  9. Complete a practice Real Estate Salesperson License Exam.
Listed Topics
  1. The Real Estate Business
  2. Brokerage and Agency
  3. Ethical Practices and Fair Housing
  4. Agency Contracts
  5. Sales Contracts
  6. Financing the Real Estate Transaction
  7. Appraising the Real Estate Transaction
  8. Closing the Real Estate Transaction
  9. 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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