LACC Vision & Mission Statements As Approved By - Los Angeles ...

LOS ANGELES CITY COLLEGE 80TH ANNIVERSARY CATALOG 2008-2009
REAL ESTATE 3
Real Estate Practice
3 UNITS - (CSU)
Open to all students.
Advisory: English 28/31 or equivalent.
Problems of establishing and conducting a real estate business, including
establishing the office, securing listing and prospects, showing properties
and closing sales, ethics and professional relationships, rentals and leases,
appraising, the California Real Estate Act. Preparation of documents used
in real estate transactions, property transfers, and exchanges is included.
REAL ESTATE 5
Legal Aspects of Real Estate I
3 UNITS - (CSU)
Open to all students.
Advisory: English 28/31 or equivalent.
Covers bacis legal background necessary for those who plan to take the
state examination which is required in order to obtain a broker license (meets
optional requirements for sales license). This course covers principles of
property ownership and management in their business aspects, with special
reference to the law of California as it applies to community property, deeds,
trust deeds, mortgages, leases, brokerage, mechanic’s liens, homesteads,
wills, and estates.
REAL ESTATE 6
Legal Aspects of Real Estate II
3 UNITS - (CSU)
Advisory: English 28/31 or equivalent.
Covers legal aspects of real estate problems. An advanced and in depth
study of agency law including dual agency, single agency seller, single
agency buyer and sub agency. Also included is the study of living trusts and
how to have one prepared.
REAL ESTATE 7
Real Estate Finance I
3 UNITS - (CSU)
Open to all students.
Advisory: English 28/31 or equivalent.
A study of the forms and sources of financing real property, including
purchase, construction, refinance, and other creative permanent financing
approaches. Also included is an assessment of the procedures for obtaining
government-sponsored financing through FHA, DVA, and Cal-Vet. The
various loan sources currently being used in the market place will be
evaluated including banks, savings and loans, insurance companies,
mortgage brokers/bankers, pensions, credit unions, and private parties.
REAL ESTATE 9
Real Estate Appraisal I
3 UNITS - (CSU)
Open to all students.
Advisory: English 28/31 or equivalent.
The purposes of appraisals, the appraisal process, and the different
approaches of valuation. The methods and techniques used to determine
the value of various types of properties; The market comparison and cost
approaches are emphasized, plus an introduction to investment property
valuation by the income approach.
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REAL ESTATE 11
Escrow Principles
3 UNITS - (CSU)
Advisory: English 28/31 or equivalent.
The principles used in handling escrows involving real estate transactions
and the transfer of land titles. The basic methods and techniques of escrow
holders, as well as and introduction to the types of instruments and forms
used by escrow holders from escrow opening through post-closing activities,
will be covered. Title insurance, tax issues, prorations, vesting, securing of
loans, recording of documents and settlement procedures will be examined.
Students will be instructed in the completion of common forms utilized in a
basic transaction.
REAL ESTATE 14
Property Management
3 UNITS - (CSU)
Open to all students.
Advisory: English 28/31 or equivalent.
Intended for individuals planning to become operators or owners of incomeproducing
properties. Topics covered include nature and types of property
management, leases and contracts, rent scheduling, selling of space and
techniques of renting, tenant selection and supervision, relations with owners
and budgets, purchasing and accounts, reporting, ethics, and legal and
professional relationships.
REAL ESTATE 18
Real Estate Investments I
3 UNITS - (CSU)
Advisory: English 28/31 or equivalent.
A study of real estate investment with respect to identifying and understanding
the language, basic procedures, financing, and facts essential to ownership,
conveyance, environment problems, business organization involvement, and
evaluation with other investments. A comparison and assessment of
commercial, industrial, and residential projects, including location, feasibility
studies, zoning restrictions, financing options, sale and leaseback, and
preferential tax benefits.
REAL ESTATE 21
Real Estate Economics
3 UNITS - (CSU)
Open to all students.
Advisory: English 28/31 or equivalent.
This course covers the fundamentals of economic trends and factors which
affect the real estate market. Topics covered include: urban structural
relationships, real estate market analysis, supply and demand, economic
forecasting, land use theory and problems of sub-division. Also studied is
the government’s role in the economy and its influenceupon the real estate
market including the federal reserve system taxation and land use controls
including zoning, planning and fair housing legislation.
REAL ESTATE 60
Real Estate Mathematics
3 UNITS - (CSU)
Advisory: English 28/31 or equivalent.
This course consists of typical real estate mathematics problems which are
most common in actual practice, as well as those necessary for other real
estate courses and for those found in the California Real Estate Licensing
examinations.