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Real Estate Finance RE 007, Section 8167 (Online) February 9 – June 7, 2015
Instructor: Dr. Arnita Porter | [email protected] | Office hours by appt (9 am - 2pm)
Course Description and Purpose Course Textbook Information In this course, forms and sources of financing property, construction and permanent financing are studied. The procedures for FHA, Cal Vet and VA financing, mortgage capital from savings and loan associations, commercial banks, insurance companies and other sources, junior mortgages, appraising for mortgages, loan ratios and leaseholds are also covered. Course Credit: 3 Units.
Real Estate Finance, 7th Edition Author: Walt Huber, Levin P. Messick. Publisher: Educational Textbook Company (ETC). ISBN 978-0-916772-48-2. Bookstore Ph: (310) 287-4560 http://onlinestore.wlac.edu
Course Goals and Student Learning Objectives (SLOs)
Course Overview, Requirements, and Expectations
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Spring 2015 Calendar, Course Objectives, Study Tips, Classroom and Social Media Info, and Teaching Philosophy.
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West Los Angeles College www.wlac.edu Syllabus, Spring 2015
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WLAC Real Estate Finance, RE 007, Section 8167 Syllabus, Spring 2015
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This course will provide students with information to develop real estate knowledge sufficient to pass the State of California Bureau of Real Estate Agent Licensing Examination, and will create a foundation for additional real estate study and personal development. This course will also achieve the following institutional Student Learning Outcomes:
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Ø Describe and explain the role and function of the Federal Reserve System
Ø Interpret and analyze a Uniform Standard Residential Application (1003)
Ø List, compare and contrast conventional and government loan programs
Course Goals & Student Learning Objectives
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ASSISTANCE: For Course Content Issues: Please contact me via the ETUDES site or at: [email protected]. For Technical Support Issues: visit the Online Student Help Desk at http://www.wlac.edu/online/helpdesk.asp. Distance Learning Program Office: (310) 287-4305 Email: [email protected]
Counseling Services and Programs: visit wlac.edu.
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ACCOMODATIONS: West DSPS Program If you have a documented disability and believe you may need accommodations with this class, please contact Supportive Services Located in HRLC 119 Ph: (310) 287-4450 DSPS will better ensure the accommodations you need are implemented in a timely fashion. http://www.wlac.edu/dsps
STUDENT SUCCESS
Online Access
This course is taught online using ETUDES (Easy To Use Distance Education Software). All assignments, quizzes, tests, and other materials will be posted in ETUDES. This course is supported by MAC and PC. Access to a computer with a reliable, stable Internet connection is required. Your course will not be accessible before February 10th. Please review the information on West Los Angeles College’s (WLAC) Distance Learning website at http://www.wlac.edu/online to find links to course information including required materials, login instructions, Technical Requirements and videos on How to Login, Navigate within Etudes, Read & Post in the Discussion area.
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WLAC Real Estate Finance, RE 007, Section 8167 Syllabus, Spring 2015
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Course Withdrawal
Assignments, Quizzes & Exams • Course work is located in Etudes
under the “Assignments, Tests and Surveys” tab.
• 15 chapters (one chapter per week); 15 quizzes; 15 discussion questions; 3 exams; and 1 assignment/project.
• Course work is time sensitive. The Etudes system does not accept submissions after the due date. Make-‐up exams are not allowed.
• All course work must be completed and submitted by Sunday, May 31, 2015.
Course Withdrawal Procedure
Grading
Students may earn up to a total of 700 points. The final grade will be based upon the total number of points (out of 700) from exams, quizzes, assignments, and the project. Additional points may be earned from extra credit.
Discussion Questions = 150 points
Assignment/Project = 100 points
Quizzes = 150 points (Chapters 1 – 15)
Exam 1 = 100 points (Chapters 1 – 6)
Exam 2 = 100 points (Chapters 7 – 12)
Exam 3 = 100 points (Chapters 13 – 15)
The course grade will be based upon the following:
90% and over will earn a grade of “A” 80% to 89.9% will earn a grade of “B” 70% to 79.9% will earn a grade of “C” 60% to 69.9% will earn a grade of “D” 59.9% and below will earn a grade of “F”
A grade of “C” or better is required by the Bureau of Real Estate in order to take the State of California Bureau of Real Estate Examination for real estate licensing.
Attendance • Students are expected to
login consistently throughout the semester.
• All students must be logged in by Sunday, February 15th.
• Students not logged in by Monday, February 16th will be excluded from the course and might not be reinstated.
• A student who does not regularly login and does not complete the coursework is subject to being dropped from the course or receiving an “F.”
• If you are having problems with the course material or class participation, please contact me at the outset, rather than waiting until an assignment is due.
If you intend to withdraw from the course, you must follow the proper procedure, in accordance with the college catalogue. The proper form must be filed with the Office of Admissions and Records, and you must notify me in writing to avoid receiving an “F” as the final grade. Failing to complete the course and officially dropping the class may result in you receiving an “F” on your permanent records.
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WLAC Real Estate Finance, RE 007, Section 8167 Syllabus, Spring 2015
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Upon successful completion of this course, students will be able to…
A. Define mortgage terms and explain the history of real estate finance. B. Employ vocabulary and terminology specific to the field of Real Estate
Finance C. Identify financing terms, documents, forms and sources for financing
property D. Identify and articulate distinctions between FHA, Cal Vet, VA loans ,
primary and secondary markets, and mortgage products. E. Identify procedures for securing financing for home, commercial and
investment properties. F. Utilize computers, the internet and social media to for research,
marketing and expanding clientele. G. Demonstrate knowledge of leasehold estates H. Identify federal and state laws that influence and impact the market. I. Identify ethical laws, policies, guidelines and standards adhered to within
the industry
Spring 2015: Traditional Semester SESSION PERIOD Feb 9 - June 7, 2015 Special Registration Hours Feb 2 - Feb 20 Mon - Thur: 8:30am - 7:00pm
Fri: 8:30am - 2:00pm Monday - Friday CLASSES Begin Mon, Feb 9 Saturday CLASSES Begin Sat, Feb 21 FINALS (pdf schedule) JUNE 1 - JUNE 7 LAST DAY TO Regency / Third Attempt Petitions Fri, Jan 23 Add/Audit Traditional Classes Online: Feb 8
In-person: Feb 20 Drop a Class with a refund/no fee owed Feb 20 Drop a Class w/o a "W" Feb 20
Drop w/ a W May 8 File Pass / No Pass Feb 20 GRADUATION PETITION ACCEPTED Nov 17 - April 24
GRADUATION CEREMONY June 9 (tentative
CAMPUS CLOSED Presidents' Day: Feb 13-16 Cesar Chavez Day: Mar 31
Spring Break: Apr 4 - April 10 Memorial Day: May 25
Course Objectives
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WLAC Real Estate Finance, RE 007, Section 8167 Syllabus, Spring 2015
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Thanks for being here…
Each semester is different and equally exciting. Students from various backgrounds and disciplines have different reasons for taking this course. Some are just curious about the market, some are at the beginning stages of careers, and some of you may be licensed real estate professionals with real world experience. I’m here because I enjoy sharing information, exchanging ideas and assisting students with reaching personal, educational and professional goals. I believe learning should extend beyond the classroom. Our textbook will be used as a guide, however, we’ll reach beyond the textbook for articles, online publications, books, videos and other content to broaden our horizons. Securities, economics, risk management, valuation, property rights, mortgages, loans, investment properties, legal issues, ethics, and public policy…all important topics worthy of discussion because of how they directly impact our daily lives. Whatever your reason for taking this class, I’m glad you’re here. Welcome to Real Estate Finance! ~ AP
THANKS FOR BEING HERE…
WestTEXT! is Student Services’ newest tool to keep you informed. Text “WEST” to 51555 and start receiving occasional texts about deadlines, opportunities, events and more!
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Virtual Classroom Information – Academic Honesty Classroom Courtesy: The classroom environment, whether on campus or online should be of mutual respect and learning. Please refrain from posting offensive comments or photographs. It is best to adhere to a professional code of conduct when posting assignments and materials in the chat room. Academic Honesty: Lack of honesty in the classroom is a serious offense. Please refrain from cheating or plagiarizing in this course, such as using someone else’s work or taking another’s exam. The LACCD Standard of Student Conduct (Board Rule 9803.12) is outlined in the WLAC Catalogue and will be strictly adhered to where issues of cheating or plagiarizing arise. Honesty is the best policy!
STUDY TIPS 10 Study Tips to Improve Your Learning https://www.examtime.com/blog/10-study-tips-to-improve-your-learning/ Exam Preparation: 10 Study Tips http://www.topuniversities.com/student-info/health-and-support/exam-preparation-ten-study-tips Tips for Effective Studying http://www.cod.edu/people/faculty/fancher/study.htm TUTORING WLAC Tutoring Schedule http://www.wlac.edu/WLAC/media/documents/library/tutoring_schedule.pdf LIBRARY WLAC Library http://www.wlac.edu/Library/index.aspx