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May 01, 2024
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MS 439 - Principles of Real Estate3 lecture hours 0 lab hours 3 credits
Course Description
This course is an overview of how to select, finance and maintain real property for personal or investment purposes. It includes discussions of the real estate market, property rights, tax issues, cash flow analysis, property valuation and the lending process. (prereq: One course in economics (e.g. MS 221 , MS 2220 , MS 322 , IE 423 )
Course Learning Outcomes
Upon successful completion of this course, the student will be able to:
- Have acquired a practical overview of real estate as a potential purchaser and investor
- Describe the key economic, physical and legal characteristics of real estate
- Explain the underlying property rights and the methods of conveying these rights
- Demonstrate an understanding of the lending practices of financial institutions
- Explain the criteria by which real estate investment is calculated
- Generate and interpret an investment analysis of a property
- Apply one of the three appraisal techniques to the evaluation of a residential or commercial property
Prerequisites by Topic
Course Topics
- The nature and characteristics of real estate (2 classes)
- Ownership rights and nonpossessory interests in land. (3 classes)
- Transferring title and the need for public records (3 classes)
- Sales contracts and lending practices (4 classes)
- Sources and types of financing (4 classes)
- Real estate appraisal (3 classes)
- Investment analysis (6 classes)
- Presentations and projects (3 classes)
- Other topics (2 classes)
Coordinator
Larry Schmedeman
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