Real Estate

Real Estate Fundamentals

REAL101

Real Estate Fundamentals is a basic course in the practice of real estate in Pennsylvania. Emphasis is on the fundamental principles and concepts of realty property rights and the practices, methods, and laws governing the conveyance of these rights. This course qualifies for the Pennsylvania Real Estate Salesperson examination.

2 credits
Prerequisite: None
Corequisite: None

Real Estate Practice

REAL102

The course is designed to acquaint the student with the basic techniques, procedures, regulations, and ethics involved in a real estate transaction along with a working knowledge of the necessary forms and documents. This course qualifies for the Pennsylvania Real Estate Salesperson examination.

2 credits
Prerequisite: REAL101
Corequisite: None

Real Estate Licensing Prep Course

REAL104
EXPERIMENTAL

A course designed for students who have completed the educational requirements for real estate licensing in Pennsylvania, and who are preparing to take or re-take the state licensing exam. The course will emphasize strategies that lead to passing the exam, including practical test taking, question analysis, and practice.

1 credits
Prerequisite: REAL101 and REAL102; or evidence of successful completion of comparable course presented to the Department of Business Studies
Corequisite: None

Appraisal - Residential Property

REAL200

This course deals with basic appraisal concepts related to residential properties. Topics include, the nature of real property, the appraisal process, economic trends and neighborhood analysis, site analysis, building cost estimates, cost approach, income approach, sales comparison approach, reconciliation, and the appraisal report.

2 credits
Prerequisite: REAL101 and REAL102 or permission of the Department of Business Studies
Corequisite: None

Appraisal - Commercial Property

REAL201

This course deals with appraisal concepts related to income producing properties. Topics include, real estate markets, impact of money and capital markets, highest and best use analysis, income capitalization, income and expense analysis, yield capitalization, cost and direct sales comparison, internal rates of return, and measures of investment performance.

2 credits
Prerequisite: REAL200 or permission of the Department of Business Studies
Corequisite: None

Residential Property Management

REAL210

This course covers the fundamental principles involved in the management of residential property, including asset management, management agreements, residential leasing, physical management of the asset, mathematics of property management, laws, and ethics.

2 credits
Prerequisite: REAL101 or REAL102 or permission of the Department of Business Studies
Corequisite: None

Commercial Property Management

REAL211

This course covers the fundamental principles included in the management of non-residential property, including defining the property and property management, the management agreement, fiscal management of the asset, non-residential tenants, physical management of the asset, laws, ethics, and mathematics related to commercial property management.

2 credits
Prerequisite: REAL201 or permission of the Department of Business Studies
Corequisite: None

Real Estate Law

LAWS210

Instruction in ownership, contractual limitations, property right protection, reality and personality fixtures; fee simple, life estates and remainder interests, tenancy, partnership and corporate realty; liens, such as mortgages, judgments and attachments, contracts, and their complexities, deeds, bonds and mortgages, leases, transfer and closing of title, and conveyancing.

3 credits
Prerequisite: REAL101 and REAL102; or LAWS100 or LAWS110 or permission of the Department of Business Studies
Corequisite: None

Advanced Real Estate Law and Conveyancing

LAWS215
EXPERIMENTAL

This course provides an in depth review and understanding of real estate related contracts and the drafting of such contracts and other documentation, including leases and condominium documents. Also reviews zoning matters, judgments and liens, mortgages and title insurance, and the roles of fiduciaries, brokers, and title agents.

3 credits
Prerequisite: LAWS210
Corequisite: None