Real Estate (REAL)

REAL 101 Real Estate Principles and Practices (A, W, SP, SU)

4 credits
This course presents an introduction to the language of real estate, the economics of the real estate business, and the general practices performed in the listing and selling of real estate. REAL 101 provides a basic knowledge of the real estate business. Course covers the physical, legal, locational, and economic characteristics of real estate, real estate markets, regional and local economic influences on real estate values, evaluation, financing, licensing, and professional ethics. This course meets all state requirements for licensing.
Lecture: 4 hours – Lab: 0 hours
Lab fee: $3.00

REAL 102 Real Estate Law (A, W, SP, SU)

4 credits
Real estate law includes all of the areas of law of common concern to the typical real estate practitioner and investor-consumer. Among topics covered are the law of agency as applied to real estate brokers and salespersons, law of fixtures, freehold and leasehold, estates, conveyance of real estate, real estate managers, licensure laws of Ohio, zoning, cooperatives and condominiums. This course meets state requirements for licensing.
Lecture: 4 hours – Lab: 0 hours
Lab fee: $3.00

REAL 111 Real Estate Finance (A, W, SP, SU)

2 credits
REAL 111 covers four major concerns of real estate financing: financing instruments and creative financing techniques; in-depth mortgage payment patterns and concepts, economic characteristics and standards, and financing of single and income-producing properties; sources and availability of mortgage money and credit and the impact of various factors on the mortgage market; and special government activities having an impact on real estate financing. Class meets requirements for licensing.
Lecture: 2 hours – Lab: 0 hours
Lab fee: $3.00

REAL 112 Real Estate Appraisal (A, W, SP, SU)

2 credits
REAL 112 stresses the methodology of appraising the single-family residential property and the theory underlying appraisal techniques. Course covers the three basic techniques of appraising: market comparison, penalized cost of replacement, and income approach (GMRM). A term appraisal project is assigned to give the student practical experience in applying these techniques. Course meets state requirements for licensing.
Lecture: 2 hours – Lab: 0 hours
Lab fee: $3.00

REAL 121 Residential Sales Practices (SP)

3 credits
REAL 121 is a “how to” course providing a step-by-step approach for success as a real estate professional based on sound principles and acceptable techniques. Course sets forth basic fundamentals which must be mastered by real estate practitioners, regardless of their specialization or type of property involved. Underlying theme is communication. See advisor to find out if course may meet continuing education requirement.
Lecture: 3 hours – Lab: 0 hours
Prerequisites: REAL 101 and REAL 102 or Real Estate License.
Lab fee: $3.00

REAL 201 RE Etiquette and Professional Standards (A, W, SP, SU)                     
3 Credits
To educate real estate licensees and potential licensees on the importance of etiquette and professionalism as it pertains to the real estate practitioner. Course covers not only etiquette between agents and clients, but also etiquette and professionalism with foreign-born clients and their customs. Students will learn basic customs and traditions in the real estate industry and will learn the appropriate conduct in a variety of setting that they will experience in the real estate field.
Lecture: 3 hours – Lab: 0 hours
Prerequisite: REAL 101 or REAL 102 or real estate license or instructor permission.   
Lab fee: $3.00

REAL 221 Professional Property Management (SP)

3 credits
A course studying decision-making as it affects management of residential, commercial and industrial property. The emphasis shall be on the practical application of theory to actual management problems. Specific topics include Ohio Tenant Landlord Act, forcible entry and detainer, typical leases, office management, hiring, merchandising, advertising, collection problems, taxes, insurance and maintenance. See advisor to find out if course may meet continuing education requirement.
Lecture: 3 hours – Lab: 0 hours
Prerequisite: REAL 101
Lab fee: $3.00

REAL 250 Commercial Real Estate (A, SP)

3 credits
This course is an introduction to commercial real estate practice which provides students with the basic vocabulary, various types of forms to comply with, state law and regulations, tools, and training to proceed with commercial listing or sales activity with confidence. Students will learn to establish market value and return for investments in office buildings, industrial properties, apartments, shopping centers and retail stores.  Students will also study a broad selection of financing options for commercial real estate. 
Lecture: 3 hours – Lab: 0 hours
Prerequisite: REAL 101 or real estate license or instructor permission.
Lab fee: $3.00

REAL 270 Real Estate Investing (A, W, SP)

3 credits
This course offers a practical approach to understanding the steps necessary to purchase real property as part of an investment portfolio. Student will use case studies to develop investment plans that achieve financial wealth through real property investment. Investment property will include single family, multi-family, and small commercial ventures. It is recommended that the student be familiar with Excel spreadsheets or similar software.
Lecture: 3 hours – Lab: 0 hours
Lab fee: $3.00

REAL 275 Repair, Restore, Remodel (A, W)

3 credits
This course is based on proven techniques used to repair, restore or remodel property that is functionally obsolete. Course is structured to teach basic hand tool and power tool use and safety. Several labs will be conducted with hands-on activities. Part of the course will help students understand the basic techniques in restoration of historical properties. These techniques will involve a beginning study of architectural style and design based upon property’s age. The final part of the course will analyze what type of remodeling is economically feasible verses projects that are not feasible.
Lecture: 3 hours – Lab: 0 hours
Lab fee: $3.00

REAL 296 Real Estate Practicum/Seminar (A, W, SP, SU)                                    
2 Credits

This course introduces students to the real estate profession and daily activities of a real estate agent. Course will provide a foundation of the real estate process and an opportunity for students to apply classroom information, theories, and skills in a real estate office environment. Students will participate in an actual real estate office environment.
Seminar: 1 hour – Practicum: 7 hours  
Lab fee: $3.00