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					                                                                                                 Class       Lab        Credit



                                          REAL ESTATE
Effective Term – Spring 2007 [2007*01] – CRC 09/20/06
RLS 112              Broker Prelicensing                                                             5         0           5
Prerequisites:       None
Corequisites:        None

This course provides basic instruction in real estate principles and practices. Topics include law, finance, brokerage,
closing, valuation, management, taxation, mathematics, construction, land use, property insurance, and NC License
Law and Commission Rules. Upon completion, students should be able to demonstrate basic knowledge and skills
necessary for real estate sales.


Effective Term – Fall 2000 [2000*03]
RLS 112              Real Estate Fundamentals                                                        5         0           5
Prerequisites:       None
Corequisites:        None

This course provides basic instruction in real estate principles and practices. Topics include law, finance, brokerage,
closing, valuation, management, taxation, mathematics, construction, land use, property insurance, and NC License
Law and Commission Rules. Upon completion, students should be able to demonstrate basic knowledge and skills
necessary for real estate sales.


Effective Term – Summer 1997 [1997*02]
RLS 112             Real Estate Fundamentals                                                         4         0           4
Prerequisites:      None
Corequisites:       None

This course provides basic instruction in real estate principles and practices. Topics include law, finance, brokerage,
closing, valuation, management, taxation, mathematics, construction, land use, property insurance, and NC License
Law and Commission Rules. Upon completion, students should be able to demonstrate basic knowledge and skills
necessary for real estate sales.


Effective Term – Summer 1997 [1997*02]
RLS 113             Real Estate Mathematics                                                          2         0           2
Prerequisites:      None
Corequisites:       None

This course provides basic instruction in business mathematics applicable to real estate situations. Topics include
area computations, percentage of profit/loss, bookkeeping and accounting methods, appreciation and depreciation,
financial calculations and interest yields, property valuation, insurance, taxes, and commissions. Upon completion,
students should be able to demonstrate proficiency in applied real estate mathematics.




Combined Course Library                                                                                  May 18, 2007
                                                        RLS - 1
                                                                                                 Class       Lab        Credit



Effective Term – Fall 1998 [1998*03]
RLS 114              Real Estate Brokerage                                                           2         0         2
Prerequisites:       RLS 112
Corequisites:        None

This course provides basic instruction in the various real estate brokerage operations, including trust account records
and procedures. Topics include establishing a brokerage firm, management concepts and practices, personnel and
training, property management, advertising and publicity, records and bookkeeping systems, and financial
operations. Upon completion, students should be able to establish, operate, and manage a realty brokerage practice
in a manner which protects and serves the public interest.


Effective Term – Summer 1997 [1997*02]
RLS 114             Real Estate Brokerage                                                            2         0             2
Prerequisites:      RLS 112 or current Real Estate license
Corequisites:       None

This course provides basic instruction in the various real estate brokerage operations, including trust account records
and procedures. Topics include establishing a brokerage firm, management concepts and practices, personnel and
training, property management, advertising and publicity, records and bookkeeping systems, and financial
operations. Upon completion, students should be able to establish, operate, and manage a realty brokerage practice
in a manner which protects and serves the public interest.


Effective Term – Fall 1998 [1998*03]
RLS 115              Real Estate Finance                                                             2         0         2
Prerequisites:       RLS 112
Corequisites:        None

This course provides advanced instruction in financing real estate transactions and real property valuation. Topics
include sources of mortgage funds, financing instruments, mortgage types, loan underwriting, essential mathematics,
and property valuation. Upon completion, students should be able to demonstrate knowledge of real estate finance
necessary to act as real estate brokers.


Effective Term – Summer 1997 [1997*02]
RLS 115             Real Estate Finance                                                              2         0             2
Prerequisites:      RLS 112 or current Real Estate license
Corequisites:       None

This course provides advanced instruction in financing real estate transactions and real property valuation. Topics
include sources of mortgage funds, financing instruments, mortgage types, loan underwriting, essential mathematics,
and property valuation. Upon completion, students should be able to demonstrate knowledge of real estate finance
necessary to act as real estate brokers.




Combined Course Library                                                                                  May 18, 2007
                                                        RLS - 2
                                                                                                 Class      Lab        Credit



Effective Term – Summer 1997 [1997*02]
RLS 116             Real Estate Law                                                                 2         0           2
Prerequisites:      RLS 112 or current Real Estate license
Corequisites:       None

This course provides advanced instruction in legal aspects of real estate brokerage. Topics include property
ownership and interests, brokerage relationships, agency law, contracts, settlement statements, and NC License Law
and Commission Rules. Upon completion, students should be able to demonstrate knowledge of laws relating to
real estate brokerage necessary to act as real estate brokers.


Effective Term – Summer 1997 [1997*02]
RLS 117             Real Estate Broker                                                              4         0           4
Prerequisites:      RLS 112
Corequisites:       None

This course consists of advanced-level instruction on a variety of topics related to Real Estate law and brokerage
practices. Topics include: Real Estate brokerage, finance and sales, RESPA, fair housing issues, selected N. C.
Real Estate License Law and N. C. Real Estate Commission Rule issues. Upon completion students should be able
to demonstrate a knowledge of real estate brokerage, law and finance.


Effective Term – Spring 2006 [2006*01] - CRC 09/28/05
RLS 120              Real Estate Practice                                                           2         0           2
Prerequisites:       RLS 112
Corequisites:        None

This course emphasized the knowledge and skills necessary for a successful real estate practice. Topics include land
use controls, methods of measuring improvements, commercial real estate, property management, selling
techniques, and other aspects of the real estate industry. Upon completion, students should be able to demonstrate
knowledge of the actual operation of a real estate practice.


Effective Term – Fall 2007 [2007*03] – SBCC 05/18/07
RLS 121              Broker Relationships                                                           2         0           2
Prerequisites:    RLS 112
Corequisites:     None

This course provides post-licensing instruction in broker relationships and responsibilities when working with
residential sellers and buyers. Topics include agency relationships and duties, agency contracts and disclosure, and
the practical aspects of working with residential buyers and sellers. Upon completion, students should be able to
demonstrate knowledge and skills necessary to effectively work with residential buyers/sellers according to law and
prevailing practices.


Effective Term – Fall 2007 [2007*03] – SBCC 05/18/07
RLS 122              Contracts and Closing                                                          2         0           2
Prerequisites:    RLS 112
Corequisites:     None

This course provides post-licensing instruction in broker responsibilities relating to real estate sales contracts,
contract procedures, the Real Estate Settlement Procedures Act and closings. Topics include contract law concepts,
residential sales contract preparation and procedures, closing procedures and closing statement preparation. Upon
completion, students should be able to handle sales contract negotiations, prepare residential sales contracts, assist
sellers/buyers prepare for closing and verify closing statements.

Combined Course Library                                                                                 May 18, 2007
                                                       RLS - 3
                                                                                                   Class      Lab        Credit


Effective Term – Fall 2007 [2007*03] – SBCC 05/18/07
RLS 123              Select Real Estate Issues                                                        2         0           2
Prerequisites:    RLS 112
Corequisites:     None

This course provides post-licensing instruction in real estate on selected topics of special importance to licensees.
Topics include commercial real estate brokerage, residential property management, land use controls, loan fraud,
license law, fair housing, establishing a brokerage firm, and manufactured/modular homes. Upon completion,
students should be able to demonstrate knowledge of commercial real estate brokerage, residential property
management, and the other topics addressed in this course.


Effective Term – Summer 1997 [1997*02]
RLS 212             Real Property Management                                                          2         0           2
Prerequisites:      RLS 112
Corequisites:       None

This course covers the principles and practices employed in the management of income-producing properties.
Topics include accounting and budgeting techniques, leases and contracts, tenant selection, marketing and
investment analysis, and other responsibilities of the property manager. Upon completion, students should be able
to read and analyze a property management plan.


Effective Term – Summer 1997 [1997*02]
RLS 214             Construction Mthd/Materials                                                       2         2           3
Prerequisites:      None
Corequisites:       None

This course introduces the design of residential structures and the materials, methods, and systems utilized in their
construction. Topics include architectural and site considerations, building codes and inspections, cooling and
heating systems, and interior/exterior materials. Upon completion, students should be able to identify architectural
styles, cabinetry, doors, roofs, windows, and interior/exterior materials and describe environmental concerns.


Effective Term – Summer 1997 [1997*02]
RLS 216             Land Use Controls                                                                 2         0           2
Prerequisites:      RLS 112
Corequisites:       None

This course analyzes private and public issues germane to the "highest and best use" of real property. Topics
include the property survey, zoning ordinances, financing, and other considerations appropriate to the development
of real property. Upon completion, students should be able to explain public policies and considerations regarding
the uses and development of private property.


Effective Term – Summer 1997 [1997*02]
RLS 218             Intro Real Prop Valuation                                                         2         0           2
Prerequisites:      None
Corequisites:       None

This course provides an overview of the entire valuation process for real property. Topics include basic real
property law, concepts of value, operations of real estate markets, mathematical and statistical concepts, and
residential construction and design. Upon completion, students should be able to read and interpret a form appraisal.




Combined Course Library                                                                                   May 18, 2007
                                                        RLS - 4
                                                                                               Class      Lab        Credit


Effective Term – Summer 1997 [1997*02]
RLS 220             Real Est Invest Analysis                                                      3         0           3
Prerequisites:      BUS 225
Corequisites:       None

This course introduces techniques necessary to compare alternative real estate investments. Topics include analysis
of positive and negative cash flows, risk and return, acquisition, ownership, disposition of real property, and tax
considerations. Upon completion, students should be able to select from alternative investment opportunities.




See the SEL and SEM prefixes for generic Selected Topics and Seminar course descriptions.




Combined Course Library                                                                               May 18, 2007
                                                      RLS - 5

				
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