REQUIRED TEXTBOOK/MATERIALS: MODERN REAL ESTATE PRACTICE IN TEXAS, 18th Edition by Cheryl Peat Nance. ISBN # 978-1-4754-6376-7. All Instructor Course Documents.REQUIRED TEXTBOOK/MATERIALS: MODERN REAL ESTATE PRACTICE IN TEXAS, 18th Edition by Cheryl Peat Nance. ISBN # 978-1-4754-6376-7. All Instructor Course Documents.

GRADING  SYSTEM

GENERAL  REQUIREMENTS
1. Read the textbook material.
2. Prepare yourself for course Quizzes.
3. Take three Quizzes during the semester on the established schedule.
4. Know Quiz review prior to testing.
5. Completion of  both class exercises.

QUIZZES
1. Quizzes consists of multiple choice and true-false questions
2. Quiz value:
       Quiz I = 20% of grade
       Quiz II = 20% of grade
       Quiz III = 30% of grade

       A = 90-100%
       B = 80-89%
       C = 70-79%
       D = 60-69%
       F = 59% and below

3. Quiz questions will be taken from textbook material, required assignments and course
    documents. Missed Quizzes or Late Work must be approved by Instructor.
 

4. Class Exercises
       Analysis Form: Texas Real Estate License Act = 15%
       Mathematics Problems = 15%

5. Course Grade Average

      A = 90-100%
      B = 80-89%
      C = 70-79%
      D = 60-69%
      F = 59% and Below

RELE 1201 PRINCIPLES OF REAL ESTATE

COURSE  OUTLINE: FALL  SEMESTER  2021

Unit 1 – Introduction to Modern Real Estate Practice – 8/23/21 & 8/25/21

                        Real Estate Profession
                        Laws Governing Real Estate
                        TRELA Purposes & Licensing Requirements
                        TREC
                        Professional Organizations
                        Characteristics of Real Estate
                        Real Estate Value                                    
 Unit 2 – Real Property – 8/30/21 & 9/02/21

                        Define Land,  Real Estate,  Real Property
                        Real vs. Personal Property
                        Fixtures

Unit 3 -  Concepts and Responsibilities of Home Ownership – 9/07/21 & 9/09/21 

                        Types of Home Ownership
                        Housing Affordability
                        Taxes Benefits for Homeowner
                        Homeowners Insurance                                     

Unit 4 – Real Estate Brokerage and Law of Agency – 9/14/21 & 9/16/21

                        Law of Agency
                        Creation and Termination of Agency
                        Agency  Positions and  Disclosure
                        Fiduciary Duties
                        Buyer Representation Agreement Contract
                        Brokerage Business
                        Texas Deceptive Trade Practices Act 

QUIZ 1   UNITS 1 – 4   9/21/21 &   9/23/21                                           

Unit 5 – Fair Housing Laws  -  9/28/21 & 9/30/21

                        Equal Opportunity in Housing
                        Fair Housing Acts – 1866 – 1968 – 1974 – 1974 – 1988
                        Housing Discrimination
                        Exemptions
                        HUD Regulations
                        ADA
                        Texas Fair Housing Laws and Enforcement
                        Federal Fair Lending Laws
                        Fair Housing Advertising
                        HUD Poster
                        

Unit 6 – Ethical Practices as a License Holder – 10/05/21  

                        Professional Ethics
                        Canons of Professional Ethics and Conduct
                        NAR Code of Ethics
                  
 

Unit 7 – Texas Real Estate License Act -   10/05/21 & 10/07/21         

                        Purposes of License Act                                                                    
                        Texas Real Estate Commission
                        Basic Provisions of License Act: Subchapters A - Q
                        Texas Real Estate Act ( TRELA )          
                        Texas Occupational Act - Chapter 1101

Unit 8 – Legal Descriptions  10/12/21 &  10/14/21

                        Metes and Bounds
                        Recorded Subdivision Plat
                        Legal Descriptions
                        Surveys
                        Land Measurements

TRELA Analysis Form   10/19/21 & 10/21/21

QUIZ  2   UNITS  5 – 8   10/19/21 & 10/21/21

Unit 9 – Real Estate Contracts – 10/26/21 &  10/28/21

                        Contract Law
                        Real Estate Business Contracts
                        Texas Real Estate Commission Promulgated Contract Forms
                        Breach of Contract

Unit 10 – Interest in Real Estate - 11/02/21 & 11/04/21

                        Government Powers Over Private Ownership
                        Freehold Estates in Land
                        Homesteads
                        Encumbrances
                        Water Rights
                        Tax Liens
                        Non-Tax Liens
                                    
                     
 

 Unit 11  – How Ownership is Held -  11/09/21 &  11/11/21    

                        Forms Of Ownership
                        Co- Ownership
                        Trusts
                        Business Ownership

Unit 12 -  Listing Agreements – 11/16/21  &  11/18/21

                       Listing Property – Seller Representation
                       Types Listing Agreement Forms
                       Listing Agreement Contract – Exclusive Right To Sell – ACTRIS1
                       Property Disclosures and Notices
                       Seller’s Property Disclosure Notice

Course Review   11/23/21   &   11/30/21

QUIZ  3   12/02/21 & 12/07/21   UNITS  9 - 12

COURSE  OBJECTIVES/OUTCOMES:

DISCIPLINE:

1. Define real estate broker and sales agent licensing requirements.
2. Describe conveyance of real estate procedures and considerations.
3. Summarize real estate principles including law of agency, deeds, titles, legal descriptions,
     encumbrances, contracts ,appraisals, finance, regulations , laws governing real estate
     transactions and housing discrimination.         

INSTRUCTOR:

1. Prepare students to pass Texas Real Estate Sales Agent licensing exam
2. Enable students to successfully compete in the real estate industry

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