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 <strong>As</strong>pects 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 <strong>As</strong>pects 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. - 62 - 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.
SUPERVISION SUPERVISION 1 Elements of Supervision 3 UNITS - (CSU) Open to all students. Advisory: English 28/31 or equivalent. This course is designed to develop leadership ability for those in supervisory positions in business and industry. Topics discussed include method of training employees, employee rating, improving quality of production, improving personal leadership, interpreting organization policies, and improving communications skills. SUPERVISION 12 Written Communications for Supervisors 3 UNITS - (A) Advisory: English 28/31 or equivalent. This course teaches the fundamentals of written communications, aimed at managers and supervisors. Includes principles of business letter writing, audience analysis, preparation of memos, reports and technical documentation. LOS ANGELES CITY COLLEGE 80TH ANNIVERSARY CATALOG 2008-2009 - 63 -
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