COURSE SYLLABUS: RELE 1338

PRINCIPLES OF REAL ESTATE II

HOUSTON COMMUNITY COLLEGE SYSTEM

Professor:                   FRANKIE JEFFERSON

                                    frankjeff@aim.com

                                    (936) 228-0347  ( voicemail)

                                    Please do not use HCCS email.

Class Number:             21726

Days:                          Mon/Wed  8:30a.m. -  12:30 p.m.. West Loop Campus, Room A119

Dates:                          10/12/09 – 11/18/09

Office Hours:              By appointment

Out of respect for the educational environment, and courtesy toward your professor and classmates, please turn off and put away any electronic devices such as cell phones, pagers, email, etc.  If you are expecting an emergency call, please clear it with the professor in advance.

This course provides three semester hours of college credit and forty-five hours of classroom credit.  It is a core real estate course and is required by the Texas Real Estate Commission to make application for a Salesperson’s License.

HCCS Real Estate Department Website:  http://swc2.edu.rele

Text:  Texas Real Estate by Charles J. Jacobus (Tenth Edition)

Course Description: A continuing  overview of licensing as a  broker or salesperson .Includes ethics of practice as a license holder ,titles to and conveyance of real estate, legal descriptions, deeds,  encumbrances and liens, distinctions between personal and real property, , appraisal, finance and regulations, closing procedures, and real estate mathematics. Covers at  least three hours of classroom    instruction on federal, state, and local laws relating to housing discrimination, housing credit discrimination, and community reinvestment.  Fulfills at  least 30 of 60 hours of required instruction for salesperson license.

End –Of-Course Outcomes:

Describe the principles of real estate and how they apply to the real estate industry;

outline closing procedures; and give examples of laws relating to fair housing.

Student Learning Outcome

1.The student shall exhibit knowledge of the field of real estate by answering multiple choice questions covering reading material from the text.

2.The student will demonstrate reading skill (SCANS 1.1).

3.The student will demonstrate the use of appropriate learning techniques (SCANS 2.5).

Attendance and Absences:

The College System policy on absences is stated in the Student Handbook and the Faculty Handbook. Instructors may drop students with excessive absences.

Making Up Absences

Since the Texas Real Estate Commission requires full attendance in licensing courses, any absences must be made up by attending another HCCS real estate licensing course for the required number of hours.  The student must get a signed and dated note from the make-up professor and bring it to this professor.  All make-up notes must be turned in by the last day of class, or the student will receive an Incomplete in the course.   The student is also urged to get a copy of the class notes from another student.

HCC Course Withdrawal Policy

The State of Texas imposes penalties on students who drop courses excessively. Students are limited to no more than SIX total course withdrawals throughout their educational career at a Texas public college or university.

To help students avoid having to drop/ withdraw from any class, HCC has instituted an Early Alert process by which your professor may “alert” you and the counselors that you might fail a class because of excessive absences and/ or poor academic performance. Contact your professor regarding your academic performance or a counselor to learn about helpful HCC resources (e.g. online tutoring, child care, financial aid, job placement, etc.)

In order to withdraw from your class, you MUST first contact your professor, PRIOR to the withdrawal deadline to receive a “0” on your transcript. After the withdrawal deadline has passed, you will receive the grade that you would have eared. Zeros averaged in for required coursework not submitted will lower your semester average significantly, most likely resulting in a failing grade of an “F”. It is there responsibility of the student to withdraw from the class; however, your professor reserves the right to withdraw you without your request due to excessive absences. If you do not feel comfortable contacting your professor to withdraw, you may contact a counselor. However, please do not contact both a counselor and your professor to request a withdrawal; either one is sufficient.

Evaluating Students:

                                                                                                   % of course grade:

Quiz’s                                                                                                    10%

Midterm exam (closed book) (Chapter 1-10):                                     40%

Final exam (closed book) (Chapter 1-15):                                           50%

You must pass the final exam to pass the course.

Grade scale: A (90-100),  B (80-89), C (70-79), D (60-69), F (below 60, failing).

Tardiness:

The Faculty Handbook states that the College System does not have a policy on students arriving late to class but that professors may impose any sanction they feel appropriate.  Since the Texas Real Estate Commission requires full attendance in approved courses, any tardiness will be considered as similar to absences and will require make up as determined by the instructor.

Student Services

ADVISING AND COUNSELING SERVICES

Counselors can assist students with admissions, registration, entrance testing requirements, degree planning, transfer issues, and career counseling. In- person, confidential sessions, can also be scheduled to provide brief counseling and community referrals to address personal concerns impacting academic success.

INTERNATIONAL STUDENTS

Please contact the International Student Office at 713-718-8520 if you have questions about your visa status.

AMERICANS WITH DISABILITIES ACT (ADA) COMPLIANCE

Any student with a documented (e.g., physical, learning, psychiatric, vision, hearing, etc.) who needs to arrange reasonable accommodations must contact the Disability Support Services Office (DSSO) of their respective college at the beginning of each semester. Faculty is authorized to provide only the accommodation(s) requested by the DSSO. For information and services at HCC Southwest, contact Dr. Becky Hauri, ADA Counselor, at 713-718-7910

Students with Special Needs ADA Statement:

The Office of Students with Disabilities at HCC reminds faculty that they are required to include the following statement on all their class syllabi: Any student with a documented disability (e.g. physical, learning, psychiatric, vision, hearing, etc.) who needs to arrange reasonable accommodations must contact the Disability Services Office at the respective college at the beginning of each semester. Faculty is authorized to provide only the accommodations requested by the Disability Support Services Office.

For questions, contact Donna Price at (713)718-5165 or the Disability Counselor at your college. To visit the ADA Web site, log on to www.hccs.edu, click Future Students, scroll down the page and click on the words Disability Information.

District ADA Coordinator – Donna Price – (713)718-5165

Central ADA Counselor- John Reno- (713)718-6164

                                       Martha Scribner- (713)718-6164

Northeast ADA Counselor – Kim Ingram – (713)718-8420

Northwest ADA Counselor – Mahnaz Kolaini- (713)718-5422

Southeast ADA Counselor – Jette Friis – (713)718-7218

Southwest ADA Counselor – Dr. Becky Hauri –(713)718-7910

Coleman ADA Counselor – Dr. Raj Gupta – (713)718-7631

SEXUAL HARRASSMENT

It is a violation of HCC policy for an employee, agent, or student of the College to engage in sexual harassment as defined in the Equal Employment Opportunity Commission (EEOC) guidelines. Any student who has a complaint concerning this policy has the opportunity to seek resolution of such a complaint in accordance with procedures set forth in the Student Handbook Report any complaints immediately of College Administration or call the Institutional Equity & Compliance Office 713-718-8271.

Academic Honesty

All grade material submitted in fulfillment of course requirements must be original

work of the student claiming credit for it. Students guilty of knowingly using, or attempting to use, another person’s work as though that work were their own and

students guilty of knowingly permitting or attempting to permit, another student

to use their work, will earn a grade of “F” for the course . There are several software

programs that quickly detect plagiarism.

Students’ Rights and Responsibilities

Each student is responsible for knowing the policies and regulations of the college.

Information pertaining to student rights and responsibilities can be found in the

Most recent Student Handbook at www.hcccs.edu, “Current Students”.

Grievances

First, Attempt to work out the problem with your instructor. If you are unable to resolve the problem, contact the Real Estate Department.

Student Conduct:

Appropriate adult behavior is expected.  Disruptive behavior or activities, which interfere with the teaching and learning, will not be tolerated, and may result in an administrative withdrawal without refund.

Exploration of Career Opportunities and Supplemental Instruction

The attached pages of real estate-related websites provide supplemental instruction to assist students in their exploration of career opportunities.

Principles II Class Schedule and Reading Assignments

To maximize your learning, be sure to complete the reading assignments before class.

Week #1

Chapter 12 Sources of Financing

Chapter 13 Types of Financing

Week #2

Chapter 14 Taxes and Assessments

Chapter 15 Title Closing and Escrow

Chapter 16 Real Estate Leases

Week #3

Chapter 17 Real Estate Appraisal

Chapter 18 Licensing Laws and Professional Affiliation

Week #4

Midterm Exam, followed by reading assignment

Chapter 19 The Principal-Broker Relationship—Employment

Chapter 20 The Principal-Broker Relationship—Agency

Week #5

Chapter 21 Fair Housing, ADA, Equal Credit

Chapter 22 Condominiums, Cooperatives, PUD’s

Chapter 23 Land-Use Control

Week #6

Chapter 24 Investing in Real Estate

Final Exam

Principles II “Hints”

Hints for Midterm Exam:

primary/secondary mortgage market

commercial banks

mortgage bankers/mortgage brokers

usury

ARM

graduated payment mortgage

package mortgage

blanket mortgage

equity mortgage

affordable housing loans

seller financing

contract for deed

ad valorem taxes

tax rates, assessed value

assessment appeal

property tax exemptions

buyer’s walk-through

settlement statements

proration

types of leases

ways of structuring rental payment amounts

the 3 approaches to value

comparables

TRELA

broker, salesperson

TREC

license suspension, revocation

Real Estate Recovery Fund

Additional Hints for Cumulative Principles II Final Exam

listing contracts

length of listings

types of listings

buyer representation agreement

intermediary

common law dual agency

procuring cause

Salesperson/Broker License

Fair Housing Law

steering

block-busting

discrimination

community reinvestment act

ADA

deed restrictions

zoning

building codes

condominium

fee simple townhouse

common areas

securities license

capitalization

“cap rate”