COURSE SYLLABUS

SOUTHEAST MISSOURI STATE UNIVERSITY

Department of Economics and Finance                                                    Course No.   FI365

Title of Course:  Real Estate Principles                                      Revision        Fall 2002

  I.        Catalog Description and Credit Hours of Course:

Study of the nature of real estate and its ownership.  The course is a survey of real estate topics that includes fundamental principles of real estate investment, appraisal, mortgage finance, brokerage and development. (3)

 II.       Prerequisite(s):  Junior Standing and FI361.

III.       Purposes or Objectives of the Course:

            A.        To provide the student with a background in the fundamental principles of real estate investment, appraisal, mortgage finance, brokerage and development.

B.         To build on University Studies objectives:
 

          1.  Demonstrate ability to locate and gather information

          2.  Demonstrate ability to make informed, intelligent value decisions

                        3.  Demonstrate capabilities for critical thinking, reasoning and analyzing
                                    4.  Demonstrate ability to integrate the breadth and diversity of knowledge and experience

                       
 IV.      Expectations of Students:

A.  To demonstrate an understanding of the fundamental principles of real estate activities.         

B.  To solve real estate problems using the computer and handheld calculator.

  V.      Course Content:                                                         SUGGESTED TIME IN

                                                                                                50 MINUTE PERIODS

            Value Analysis

            Real Estate Investment Environment

            Basic Valuation Concepts
            Federal Taxes Affecting Real Estate

            Real Estate Investment Analysis

            Disposition/Alienation Decisions

            Administrative and Property Management Issues                                12

            Overview of the Appraisal Process                                                   

            Income-Property Analysis and Appraisal

            Appraising For Single Family Properties

            Advanced Appraisal Topics                                                           12                                                                                                

            Mechanics of Fixed Rate Mortgage Financing

            Debt And Equity Financing of Real Estate

            Financing Home ownership

            Mortgage Underwriting                                                                  12

            Property Description and Public Records                                          

            Real Property Rights and Interests

            Governmental Limitations to Ownership

            The Investor-Broker Relationship

            Property Development Process

            Land Development

            Spatial Economics and Urban Structure                                             9 

                                                                        Total                                 45
 

 VI.      Textbook(s) and/or Other Required Materials or Equipment:

A.        Real Estate , 12th ed.  by Dasso, Shilling and Ring.

B.         Handheld calculator.

VII.    Basis for Student Evaluation:

            A.        Performance level on exams, quizzes, homework, papers, computer assignments.