Real Estate Finance RE 007, Section 8167 (Online) February 8 – June 6, 2016

Instructor: Dr. Arnita Porter | PorterAE@wlac.edu | 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 2016 Calendar, Course Objectives, Study Tips, Classroom and Social Media Info, and Teaching Philosophy.

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West Los Angeles College www.wlac.edu Syllabus, Spring 2016

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WLAC Real Estate Finance, RE 007, Section 8167 Syllabus, Spring 2016

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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 DescribeandexplaintheroleandfunctionoftheFederalReserveSystem

Ø InterpretandanalyzeaUniformStandardResidentialApplication(1003)

Ø List,compareandcontrastconventionalandgovernmentloanprograms

Course Goals & Student Learning Objectives

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ASSISTANCE: For Course Content Issues: Please contact me via the ETUDES site or at: PorterAE@wlac.edu. 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: online@wlac.edu

Counseling Services and Programs: visit wlac.edu.

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ACCOMODATIONS: West DSPS 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 DSPS 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 8th. 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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WLAC Real Estate Finance, RE 007, Section 8167 Syllabus, Spring 2016

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Course Withdrawal

Assignments, Quizzes & Exams • CourseworkislocatedinEtudes

underthe“Assignments,TestsandSurveys”tab.

• 15chapters(onechapterperweek);15quizzes;15discussionquestions;3exams;and1assignment/project.

• Courseworkistimesensitive.Ifyou’reexperiencingchallengeskeepingupwiththecourse,pleasecontactmesowecanworktogethertobringyouuptospeed.

• AllcourseworkmustbecompletedandsubmittedbySunday,May29,2016.

Course Withdrawal Procedure

Grading

Students may earn up to a total of 700 points. The final grade will be based upon the total number of points (out of 700) from exams, quizzes, assignments, and the project. Additional points may be earned from extra credit.

Discussion Questions = 150 points

Assignment/Project = 100 points

Quizzes = 150 points (Chapters 1 – 15)

Exam 1 = 100 points (Chapters 1 – 6)

Exam 2 = 100 points (Chapters 7 – 12)

Exam 3 = 100 points (Chapters 13 – 15)

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 • Studentsareexpectedto

loginconsistentlythroughoutthesemester.

• AllstudentsmustbeloggedinbyMonday,February15th.

• StudentsnotloggedinbyMonday,February15thwillbeexcludedfromthecourseandmightnotbereinstated.

• Astudentwhodoesnotregularlyloginanddoesnotcompletethecourseworkissubjecttobeingdroppedfromthecourseorreceivingan“F.”

• Ifyouarehavingproblemswiththecoursematerialorclassparticipation,pleasecontactmeattheoutset,ratherthanwaitinguntilanassignmentisdue.

If you intend to withdraw from the course, you must follow the proper procedure, in accordance with thecollegecatalogue.PleasecompletetheproperformandsubmittotheOfficeofAdmissionsandRecords,andnotifymeinwritingtoavoidreceivingan“F”asthefinalgrade.Failingtocompletethecourseandofficiallydroppingtheclassmayresultinyoureceivingan“F”onyourpermanentrecords.

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WLAC Real Estate Finance, RE 007, Section 8167 Syllabus, Spring 2016

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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 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. C

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Virtual Classroom Information – Academic Honesty

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 and materials in the chat room. 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 strictly adhered to where issues of cheating or plagiarizing arise. Honesty is the best policy!

RESOURCES FOR STUDENT SUCCESS STUDY TIPS 10 Study Tips to Improve Your Learning https://www.examtime.com/blog/10-study-tips-to-improve-your-learning/ Exam Preparation: 10 Study Tips http://www.topuniversities.com/student-info/health-and-support/exam-preparation-ten-study-tips Tips for Effective Studying http://www.cod.edu/people/faculty/fancher/study.htm TUTORING WLAC Tutoring Schedule http://www.wlac.edu/WLAC/media/documents/library/tutoring_schedule.pdf LIBRARY WLAC Library http://www.wlac.edu/Library/index.aspx

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WLAC Real Estate Finance, RE 007, Section 8167 Syllabus, Spring 2016

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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 of you 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…all 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! ~ Arnita Porter

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LAST DAY TO… Recency/Third Attempt Petitions Jan 22, 2016 Prerequisite Clearance/Challenge Petitions Jan 22, 2016 Add/Audit Traditional Classes Online: Feb 7, 2016

In-person: Feb 19, 2016 Saturday Class Exception: You may get an add slip for a Saturday class on Feb 20 and submit it to Admissions the week of Feb 22

Drop a Class with a refund/no fee owed Feb 19, 2016 Drop a Class without a "W" Feb 19, 2016

Drop a Class with a "W" May 6, 2016

File Pass / No Pass Feb 19, 2016 GRADUATION PETITION ACCEPTED Nov 16- Apr 22

GRADUATION CEREMONY TBA

CAMPUS CLOSED

*Full WLAC Academic Calendar

Presidents' Day: Feb 12 - Feb 15

Cesar Chavez Day: Mar 31

Spring Break: April 1 - April 8

Memorial Day: May 30