west los angeles college syllabus, spring

Real Estate Finance RE 007, Section 8167 (Online) February 10 – June 9, 2014

Instructor: Dr. Arnita Porter Email: [email protected] | Ph: 310.287.7215 | Office hours by appt (9 am-2pm)

Course Description and Purpose Course Textbook Information

In this course, forms and sources of financing property, construction and permanent financing are studied. The procedures for FHA, Cal Vet and VA financing, mortgage capital from savings and loan associations, commercial banks, insurance companies and other sources, junior mortgages, appraising for mortgages, loan ratios and leaseholds are also covered. Course Credit: 3 Units.

Real Estate Finance, 7th Edition Author: Walt Huber, Levin P. Messick. Publisher: Educational Textbook Company (ETC). ISBN 978-0-916772-48-2. Bookstore Ph: (310) 287-4560 http://onlinestore.wlac.edu

Course Goals and Student Learning Objectives (SLOs)

Course Overview, Requirements, and Expectations

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Spring 2014 Calendar, Course Objectives, classroom and social media information

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West Los Angeles College www.wlac.edu Syllabus, Spring 2014

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WLAC Real Estate Finance, RE 007, Section 8167 Syllabus, Spring 2014

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This course will provide students with information to develop real estate knowledge sufficient to pass the State of California Bureau of Real Estate Agent Licensing Examination, and will create a foundation for additional real estate study and personal development. This course will also achieve the following institutional Student Learning Outcomes:

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Ø Describe and explain the role and function of the Federal Reserve System

Ø Interpret and analyze a Uniform Standard Residential Application (1003)

Ø List, compare and contrast conventional and government loan programs

Course Goals & Student Learning Objectives

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ASSISTANCE: For Course Content Issues: Please contact me via the ETUDES site or at: [email protected]. For Technical Support Issues: visit the Online Student Help Desk at http://www.wlac.edu/online/helpdesk.asp. Distance Learning Program Office: (310) 287-4305 Email: [email protected]

Counseling Services and Programs: visit wlac.edu.

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ACCOMODATIONS: West DSCSP Program If you have a documented disability and believe you may need accommodations with this class, please contact Supportive Services Located in HRLC 119 Ph: (310) 287-4450 DSCSP will better ensure the accommodations you need are implemented in a timely fashion. http://www.wlac.edu/dsps

STUDENT SUCCESS

Online Access

This course is taught online using ETUDES (Easy To Use Distance Education Software). All assignments, quizzes, tests, and other materials will be posted in ETUDES. This course is supported by MAC and PC. Access to a computer with a reliable, stable Internet connection is required. Your course will not be accessible before February 10th. Please review the information on West Los Angeles College’s (WLAC) Distance Learning website at http://www.wlac.edu/online to find links to course information including required materials, login instructions, Technical Requirements and videos on How to Login, Navigate within Etudes, Read & Post in the Discussion area.

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Course Withdrawal

Assignments, Quizzes & Exams • Course work is located in Etudes

under the “Assignments, Tests and Surveys” tab.

• 15 chapters (one chapter per week); 15 quizzes; 3 exams; 1 written assignment.

• Course work is time sensitive. The Etudes system does not accept submissions after the due date. Make-‐up exams are not allowed.

• All course work must be completed and submitted by Monday, June 2, 2014.

Course Withdrawal Procedure

Grading

Students may earn up to a total of 500 points. The final grade will be based upon the total number of points (out of 500) from exams, quizzes, and the written assignment. Additional points may be earned from class participation, and extra credit.

Written Assignment = 100 points

Quizzes = 100 points (Chapters 1 – 15)

Exam 1 = 100 points (Chapters 1 – 6)



The course grade will be based upon the following:

90% and over will earn a grade of “A” 80% to 89.9% will earn a grade of “B” 70% to 79.9% will earn a grade of “C” 60% to 69.9% will earn a grade of “D” 59.9% and below will earn a grade of “F”

A grade of “C” or better is required by the Bureau of Real Estate in order to take the State of California Bureau of Real Estate Examination for real estate licensing.

Attendance • Students are expected to

login consistently throughout the semester.

• All students must be logged in by Friday, February 14th.

• Students not logged in by Monday, February 17th will be excluded from the course and might not be reinstated.

• A student who does not regularly login and does not complete the coursework is subject to being dropped from the course or receiving an “F.”

• If you are having problems with the course material or class participation, please contact me at the outset, rather than waiting until an assignment is due.

If you intend to withdraw from the course, you must follow the proper procedure, in accordance with the college catalogue. The proper form must be filed with the Office of Admissions and Records, and you must notify me in writing to avoid receiving an “F” as the final grade. Failing to complete the course and officially dropping the class may result in you receiving an “F” on your permanent records.

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Thanks for being here…

Upon successful completion of this course, students will be able to…

A. Define mortgage terms and explain the history of real estate finance. B. Employ vocabulary and terminology specific to the field of Real

Estate Finance C. Identify financing terms, documents, forms and sources for financing

property D. Identify and articulate distinctions between FHA, Cal Vet, VA loans ,

primary and secondary markets, and mortgage products. E. Identify procedures for securing financing for home, commercial and

investment properties. F. Utilize computers, the internet and social media to for research,

marketing and expanding clientele. G. Demonstrate knowledge of leasehold estates H. Identify federal and state laws that influence and impact the market. I. Identify ethical laws, policies, guidelines and standards adhered to

within the industry

Spring 2014: Traditional Semester SESSION PERIOD Feb 10 - June 9 2013 APPLICATIONS ACCEPTED BEGINNING Mon, Oct. 14 REGISTRATION BEGINS -Priority Nov 13 - 17 -Continuing Students Nov 18 - Dec 8 -New & Returning Students Dec 9 -Residency Determination Required Feb 9 Special Registration Hours Feb 3 - Feb 21 Mon - Thur: 8:30am - 7:00pm

Fri: 8:30am - 2:00pm M-F CLASSES Begin Mon, Feb 10 Sat CLASSES Begin Sat, Feb 22 FINALS (pdf schedule) JUNE 3 - JUNE 9 LAST DAY TO Third Attempt Petitions Fri, Jan 31 Add/Audit Traditional Classes Online: Feb 9

In-person: Feb 21 Drop a Class with a refund/no fee owed Feb 21 Drop a Class w/o a "W" Feb 21

Drop w/ a W May 9 File Pass / No Pass Feb 21 GRADUATION PETITION ACCEPTED Nov 18 - April 25

GRADUATION CEREMONY June 10

CAMPUS CLOSED Presidents' Day: Feb 14-17 Cesar Chavez Day: Mar 31

Spring Break: Apr 7 - April 13 Memorial Day: May 26 Non-Instruction Day: May 27

Course Objectives

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Thanks for being here…

Each semester is different and equally exciting. Students from various backgrounds and disciplines have different reasons for taking this course. Some are just curious about the market, some are at the beginning stages of careers, and some may be licensed real estate professionals with real world experience. I’m here because I enjoy sharing information, exchanging ideas and assisting students with reaching personal, educational and professional goals. I believe learning should extend beyond the classroom. Our textbook will be used as a guide, however, we’ll reach beyond the textbook for articles, online publications, books, videos and other content to broaden our horizons. Securities, economics, risk management, valuation, property rights, mortgages, loans, investment properties, legal issues, ethics, and public policy…important topics worthy of discussion because of how they directly impact our daily lives. Whatever your reason for taking this class, I’m glad you’re here. Welcome to Real Estate Finance! ~ AP

THANKS FOR BEING HERE…

WestTEXT! is Student Services’ newest tool to keep you informed. Text “WEST” to 51555 and start receiving occasional texts about deadlines, opportunities, events and more!

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Classroom Information Classroom Courtesy: The classroom environment, whether on campus or online should be of mutual respect and learning. Please refrain from posting offensive comments or photographs. It is best to adhere to a professional code of conduct when posting assignments, materials and in the chatroom. Academic Honesty: Lack of honesty in the classroom is a serious offense. Please refrain from cheating or plagiarizing in this course, such as using someone else’s work or taking another’s exam. The LACCD Standard of Student Conduct (Board Rule 9803.12) is outlined in the WLAC Catalogue and will be adhered strictly adhered to where issues of cheating or plagiarizing arise.

west los angeles college syllabus, spring

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