2003 / 2004 - Bellevue College

Course Descriptions
R EST 170
Mortgage Loan Underwriting • 3 CR
Covers the process of mortgage loan assessment
and approval/rejection, and the analysis of assets,
income, credit, and debt. Other topics include FHA,
VA and conventional mortgages and FNMA guidelines.
Students conduct risk analyses of mortgage
case files. Recommended: R EST 130 or currently
employed in escrow or related mortgage field.
R EST 171
Mortgage Loan Processing • 3 CR
Students learn the basics of processing various
types of FHA, VA and conventional mortgage
loans. Topics include buyer qualifications, credit,
income and asset verification, balancing speed and
accuracy, dealing with realty agents, escrow and
mortgage loan officers, and the idiosyncrasies of
lenders. Course is recommended for all escrow and
mortgage personnel. Recommended: R EST 130.
R EST 172
Mortgage Loan Officer • 3 CR
Prepares students for a career in mortgage lending
as a real estate loan officer. Topics include all applicable
FNMA requirements and documents, the basic
loans, consumer benefits, and borrower qualifications.
The student also creates a personal marketing
plan. Recommended: R EST 130 and 150.
R EST 230
Commercial Real Estate Practices • 3 CR
Designed for the potential commercial investor or
agent. Focuses on the various types of commercial
real estate dealings and investments. Students examine
industrial, office, and retail leasing: investment,
mobile home, and apartment sales. Thirty
clock hours. Recommended: R EST 130.
R EST 231
Commercial Real Estate Finance • 3 CR
The methods and patterns of financing leasehold
and fee title interests of various types of commercial
properties are studied. Topics include retail,
office and industrial properties, shopping centers,
mobile home parks, and land development. Recommended:
R EST 130.
BCC programs and
curricula are subject to change.
For the most up-to-date information
about course content and degree or
certificate requirements, go to
www.bcc.ctc.edu
114 • BCC Course Catalog ~ 2003 / 2004
R EST 232
Commercial Leasing • 3 CR
Assists the real estate practitioner to match users
and properties through the interview process; to
develop marketing techniques for various types of
properties; and to understand commercial lease
clauses to better serve the owner and tenant of the
properties. The following types of property and
their respective lease terms are analyzed: office,
retail, distribution, warehouse, and medical. Recommended:
R EST 130.
R EST 233
Real Estate Exchanges • 1.5 CR
Provides an introduction into basic real estate exchange
methods and formats while identifying attendant
tax benefits. Students reviews IRC 1031
and 1034 regulations, adjustment of basis, identification
of unlike property, and cash flow analysis
methods. Recommended: R EST 130.
R EST 234
Real Estate Foreclosures • 1.5 CR
Examines the legal and judicial foreclosure process.
Includes the statutes and common law affecting
the foreclosure of real property and an examination
of the financial and value judgments necessary
to determine whether the purchase of a foreclosed
property is a viable investment.
R EST 235
Real Estate Investment Strategy • 3 CR
Students learn the fundamentals of analyzing real
estate investments. Covers the various elements in
the analysis process and their interrelationships.
Students examine how the investments and their
changing characteristics relate to their own goals
and financial circumstances. Recommended: R EST
130.
R EST 240
Land Planning & Development • 3 CR
Introduces students to legislation, ordinances, and
procedural requirements involved in land use and
development processes. Topics include areas of
zoning, subdivision, comprehensive planning, environmental
and land use legislation, highest and
best/most probable use, and building and land
economics. Prerequisite: R EST 130 or sales license
or permission of instructor.
R EST 241
Advanced Land Planning &
Development • 3 CR
A continuation of R EST 240. Covers residential
subdivision and commercial development through
case studies, problem analysis, and income evaluation
on site-specific developments. Prerequisite: R
EST 240 or permission of instructor.
R EST 251
Residential Property
Management • 4 CR
Geared to the professional property manager, rather
than the on-site manager, and covers the management
of all types of residential and multi-residential
properties. Additional outside class time is required
for development of an apartment management
plan. Course is identical to the Institute of Real Estate
Management Course 202 and successful students receive
an additional five elective credits toward a Certified
Property Manager (CPM) designation.
R EST 252
Commercial Property
Management • 3 CR
Focuses on the application of the management,
operation, and leasing procedures of shopping centers,
offices and medical buildings, and industrial
properties. Course is identical to the Institute of
Real Estate Management Course 203 and successful
students receive an additional five elective credits
toward a Certified Property Manager (CPM) designation.
R EST 260
Commercial Escrow • 3 CR
The third course in the escrow series. Students learn
to deal with the escrowing of income producing
entities and non-standard properties. Topics include
business escrow, industrial and shopping
complexes, developmental properties, and farm
and land escrows. Prerequisite: R EST 161 or permission
of instructor.
R EST 299
Individual Studies in
Real Estate • V1-10 CR
Covers directed readings, special projects, and independent
study by an individual student. Prerequisite:
Approval by Real Estate Director.