BUSN 1325 - Principles of Real Estate

This introductory course exposes students to the basic terminology, principles, and issues of real estate including an overview of market analysis, real estate law, instruments, legal descriptions, appraisal, investment, finance, brokerage, and property management.

Student Learning Outcomes:
Students will be able to:

1. Identify and apply principles of how real estate contracts conform to general contract law and conform to special real estate applications with regard to relations between parties to a contract for sale of real property, contract for lease of real property, or contract for tenancy of real property.

2. Explain how property rights are limited by government and private individuals.

3. Explain the roles, opportunities, responsibilities, and regulation of members of real estate service industries, including brokers, property managers, appraisers, and lenders.

4. Apply principles related to cost saving consumer decisions and calculations when confronted with the most standard loan alternatives and common variations in conditions.

5. Explain real estate market analysis for residential and commercial markets and apply standard real estate investment criteria in typical problem situations.