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General Information

Course ID (CB01A and CB01B)
REST D350.
Course Title (CB02)
Real Estate Principles
Course Credit Status
Non-Credit
Effective Term
Fall 2023
Course Description
This course teaches the fundamental principles of real estate, including economics, law, working concepts, forms, and terminology. It is a noncredit, tuition-free course that will be completed in the same class with REST D050. students covering the same course content. REST D350. is not CSU transferable and does not provide credit toward a degree. This course can be applied toward the educational requirements of the California Real Estate Salesperson and Broker license examinations.
Faculty Requirements
Course Family
Not Applicable

Course Justification

This noncredit enhanced, CTE course belongs to the Real Estate Salesperson noncredit Certificate of Completion. This course is required for anyone seeking to sit for the California Department of Real Estate license or brokers exam. It is an introduction to the main principles of the real estate discipline including economics, law, working concepts, forms, and terminology.

Foothill Equivalency

Does the course have a Foothill equivalent?
No
Foothill Course ID

Course Philosophy

Formerly Statement

Course Development Options

Basic Skill Status (CB08)
Course is not a basic skills course.
Grade Options
  • Pass/No Pass
Repeat Limit
99

Transferability & Gen. Ed. Options

Transferability
Not transferable

Units and Hours

Summary

Minimum Credit Units
0.0
Maximum Credit Units
0.0

Weekly Student Hours

TypeIn ClassOut of Class
Lecture Hours4.08.0
Laboratory Hours0.00.0

Course Student Hours

Course Duration (Weeks)
12.0
Hours per unit divisor
36.0
Course In-Class (Contact) Hours
Lecture
48.0
Laboratory
0.0
Total
48.0
Course Out-of-Class Hours
Lecture
96.0
Laboratory
0.0
NA
0.0
Total
96.0

Prerequisite(s)

Corequisite(s)

Advisory(ies)

  • ESL D272. and ESL D273., or ESL D472. and ESL D473., or eligibility for EWRT D001A or EWRT D01AH or ESL D005.
  • Elementary algebra or equivalent (or higher), or appropriate placement beyond elementary algebra

Limitation(s) on Enrollment

Entrance Skill(s)

General Course Statement(s)

NONCREDIT: (This is a noncredit enhanced, CTE course.)

Methods of Instruction

Lecture and visual aids

Discussion of assigned reading

Discussion and problem solving performed in class

Quiz and examination review performed in class

Collaborative learning and small group exercises

Assignments

  1. Required reading assignments from the text
  2. Written homework assignments: problem-solving exercises in taxes, financing, appraisal, deposit receipt, home buyer's analysis, and/or written report involving research on real estate law, title searches, and/or government programs.

Methods of Evaluation

  1. Objective examinations to evaluate mastery of key terms and concepts as well as application skills related to analysis and comprehension of the California real estate market. The tests may include essay questions on course objectives. The exams will be designed with an eye toward the CA Bureau of Real Estate License exam and will cover the topics that are currently covered in the professional exam.
  2. Problem solving exercises to show comprehension and mastery of real estate quantitative issues the areas of taxes, financing, appraisal, deposit receipt, home buyer's analysis. At least 20% of the final exam will include problem solving exercises requiring application of real estate issues requiring such analysis.
  3. Comprehensive final exam to cover all major topics to show a broad understanding of real estate principles concepts with an eye toward the current license exam in California.

Essential Student Materials/Essential College Facilities

Essential Student Materials: 
  • None.
Essential College Facilities:
  • None.

Examples of Primary Texts and References

AuthorTitlePublisherDate/EditionISBN
Price, Sherry , "California Real Estate Principles," 9th ed., Ashley Crown Publishing, Laguna Hills, CA 2012.

Examples of Supporting Texts and References

AuthorTitlePublisher
Huber, Walt, "California Real Estate Principles" 11th ed., Education Textbook Company, Covina CA, 2012

Learning Outcomes and Objectives

Course Objectives

  • Identify the principle methods of describing real property.
  • Identify the various ways to acquire real property in California.
  • Identify and explain the key elements of the Deposit Receipt, Listing Agreement and Home Buyer's Analysis.
  • Recognize, define, and compare liens and encumbrances.
  • Illustrate comprehension of a home purchase and sales transaction.
  • Distinguish between government financing and conventional financing.
  • Examine and interpret basic real estate law and contract law.
  • Demonstrate mastery of knowledge preparatory to taking the California Real Estate Exam for Real Estate Salesperson.
  • Recognize and differentiate between the basic types of real property leases.
  • Identify the requisites of a valid deed and escrow.
  • Illustrate the basic appraisal process and evaluate residential real property values.
  • Identify and calculate the primary tax advantages and disadvantages in owning real property.

CSLOs

  • Demonstrate a knowledge of how real property is described, acquired, appraised, financed, encumbered and leased.

  • Describe how title to real property is held in California.

  • Evaluate factually simple real estate contract issues from a buyer's, seller's and real estate agent's perspective and identify and evaluate ethical issues in a California real estate context.

Outline

  1. Identify the principle methods of describing real property.
    1. Nature of real estate
    2. Real property vs. personal property
    3. Land grants history in Mexico and California
    4. Guadalupe Hidalgo Treaty
  2. Identify the various ways to acquire real property in California.
    1. Grant deeds
      1. Warranties, requirements
      2. History
    2. Land contracts
      1. Warranties
      2. Risks associated with land contracts
    3. Recording process
    4. Title to property
      1. Severalty ownership
      2. Tenancy in common
      3. Joint tenancy
      4. Community property
  3. Identify and explain the key elements of the Deposit Receipt, Listing Agreement, and Home Buyer's Analysis.
    1. Counseling sellers and buyers in a transaction
    2. Key issues of risk in a transaction from a seller's, buyer's, lender's and broker's perspective
    3. California real estate law and required disclosures
  4. Recognize, define, and compare liens and encumbrances.
    1. Definitions and history
    2. Liens - general and specific
  5. Illustrate comprehension of a home purchase and sales transaction.
    1. Process and procedure
    2. Roleplaying
  6. Distinguish between government financing and conventional financing.
    1. Government programs
      1. FHA/VA/Cal Vet
      2. Secondary markets
    2. Conventional Financing
      1. Loan to value ratio
      2. Mortgage insurance
      3. Secondary markets
      4. Institutional/non-institutional lenders
    3. Foreclosure
  7. Examine and interpret basic real estate law and contract law.
    1. DRE rules and regulations
      1. Agency law
      2. Real Estate Commission
      3. Disciplinary action
    2. California Real Estate Law
      1. Full disclosure
      2. Seller's/Buyer's rights
      3. Listing Agreements/Deposit Receipts
    3. Contract Law
      1. Contract elements
      2. Statute of frauds
      3. Option/Agency Agreements
  8. Demonstrate mastery of knowledge preparatory to taking the California Real Estate Exam for Real Estate Salesperson.
    1. Acronyms and terminology, test-taking strategies
    2. Real estate mathematics - commissions, property tax, appraisal, finance
  9. Recognize and differentiate between the basic types of real property leases.
    1. Definitions, rights, responsibilities
    2. Gross leases
    3. Triple net leases
    4. Percentage leases
    5. Inflation protection/risk in leases
  10. Identify the requisites of a valid deed and escrow.
    1. Requisites of a valid escrow
    2. Title insurance
    3. Escrow responsibilities/risks
    4. Grant deeds/deeds of trust
  11. Illustrate the basic appraisal process and evaluate residential real property values.
    1. Appraisal definition
    2. Methods of Appraisal
      1. Comparative approach
      2. Cost approach
      3. Capitalization approach
  12. Identify and calculate the primary tax advantages and disadvantages of owning real property.
    1. Personal residence tax deductibility
    2. Rental expense deductibility
    3. Current limits in personal and rental property
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