FI425 Principles of Real Estate

for F1T 2009

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Mission Statement: The mission of Park University, an entrepreneurial institution of learning, is to provide access to academic excellence, which will prepare learners to think critically, communicate effectively and engage in lifelong learning while serving a global community.

Vision Statement: Park University will be a renowned international leader in providing innovative educational opportunities for learners within the global society.


FI 425 Principles of Real Estate


F1T 2009 DL


Harrison, Martin T.


Senior Adjunct Instructor


MBA-University of Missouri
BA-St. Michael's College
Accredited Buyer' s Agent; Graduate of Real Estate Institute; Master in Real Estate

Office Location

United Country-LeMay Realty, Knob Noster, Missouri

Office Hours

By Appointment

Daytime Phone


Other Phone

660-909-8036; 660-563-4042


Semester Dates

August 17, 2009 - October 11, 2009

Credit Hours


REAL ESTATE PRINCIPLES, 11th Edition, Charles J. Jacobus, Thomson Higher Education/South-Western

Textbooks can be purchased through the MBS bookstore

Textbooks can be purchased through the Parkville Bookstore

Additional Resources:
WRITING THE RESEARCH PAPER: A Handbook; 6th Edition, Winkler/McCuen; Wadsworth, 2006

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Course Description:
Study of real property, its legal title, transfer, ownership, finance, and management. PREREQUISITE: FI 360 .

The instructor for this class holds a broker real estate license in the State of Missouri and has practiced real estate sales for the past 9 years.  However, this class WILL NOT fulfill any state licensing requirements as the instructor is not a licensed real estate prelicense instructor under Missouri real estate statues nor does this class qualify under Missouri real estate statues for prelicensing class.

Educational Philosophy:
The instructor's educational philosophy is one of interactiveness based on lectures, readings, examinations, internet, videos, web sites and writings. The facilitator will engage each learner in what is referred to as disputatious learning to encourage the lively exploration of ideas, issues and contradictions.  As an active real estate broker/agent, past president of Midwest Missouri Board of Realtors, a past state director with the Missouri Board of Realtors and member of the Missouri Association of Realtor state wide ethics process, the instructor will be able to bring real world practical experiences to the classroom discussions as a direct compliment to theroy found in textbooks.

Learning Outcomes:
  Core Learning Outcomes

  1. Describe what is entailed in property rights.
  2. Explain a legal description.
  3. List the legal requirements of deeds and leases.
  4. Explain a real estate contract.
  5. Explain a real estate appraisal.
  6. Describe the contents or a mortgage or deed of trust.
  7. Define property insurance requirements.

  Instructor Learning Outcomes
  1. 8.  Describe the impact of federal legislation on fair housing
  2. 9.  Describe the impact the real estate market has on the economy
Core Assessment:

Class Assessment:

1.  Active particpation in all threaded discussions is a direct measurement of student preparations and regular attendance in class. 

2.  7 weekly quizzes consiting of multiple choice and true/false questions will be used to gauge student competencies.  Quizzes will cover weekly reading assignments and are not cumualtive in nature.

3.  A 10-12 page term paper (topic to be selected from a list provided by instructor) will be due no later than October 2, 2009.   The preferred writing style is the APA style as outlined in WRITING THE RESEARCH PAPER.  In addition, detailed term paper guide lines are provided in this syllabus.
4.  A closed book essay exam will be used to measure core competencies as outline in the core learning outcomes.  The exam is cumlative in nature


Threaded Discussions---25%

Final Exam--------------30%

Term Paper-------------20%


The course grade for students will be based on the overall average of homework and tests taken during the course in accordance with the weighting of the various requirements as stated in the syllabus.

All final exams in all School of Business and Management courses will be comprehensive and will be closed book and closed notes. They will constitute 30% of the total course grade and will not be a take-home exam. They will be completed during the test week in the period designated by the registrar or by the Proctor in the case online courses. If calculators are allowed, they will not be multifunctional electronic devices that include features such as: phones, cameras, instant messaging, pagers, and so forth. Electronic Computers will not be allowed on final exams unless an exception is made by the Dean of the School of Business and Management.

Late Submission of Course Materials:
Except for extraordinary reasons that are discussed with the instructor, all late assignments will receive a full letter grade deduction.  If you are planning to miss a exam, you must make arrangements with the instructor prior to the scheduled exam.  (Ordinary leave/vacation is not considered a valid reason to miss an exam.) 

Classroom Rules of Conduct:
A.  Class particpation is required.  As the instructor for this class, I will monitor particpation on a daily basis and students should expect me to respond to emails or threaded discussions before close of business on the next day.  (As an example,  you send an email or add a threaded discussion item at 5PM on Monday, you should expect response from me NLT 5PM on Tuesday.)   Class time line are firm and will be strictly enforced (should an emergency arise, call or email as soon as possible)
B.  Weekly assignments misssed for legitimate reasons (illness, death of family member, work assignments or military duties) are excusable; however, students must inform the instructor or University office prior to the absence and must make up missed coursework.  Missed classes due to taking ordinary leave or vacation are not considered excused absences.
C.  Class participation in the form of threaded discussions is expected and will form part of the final grade.  Students are expected engage in a minimum of 20 threaded discussion and provide peer feedback on the same.  

Course Topic/Dates/Assignments:

Week 1  Chapters 1-4
Week 2  Chapters 5-7;  Term Paper Topic Due
Week 3  Chapters 8-10
Week 4  Chapters 11-14
Week 5  Chapters 15-18
Week 6  Chapters 19-21
Week 7  Chapters 22-25; Term Paper Due
Week 8  Chapters 26-27

Academic Honesty:
Academic integrity is the foundation of the academic community. Because each student has the primary responsibility for being academically honest, students are advised to read and understand all sections of this policy relating to standards of conduct and academic life.   Park University 2008-2009 Undergraduate Catalog Page 87

Plagiarism involves the use of quotations without quotation marks, the use of quotations without indication of the source, the use of another's idea without acknowledging the source, the submission of a paper, laboratory report, project, or class assignment (any portion of such) prepared by another person, or incorrect paraphrasing. Park University 2009-2010 Undergraduate Catalog Page 92

Attendance Policy:
Instructors are required to maintain attendance records and to report absences via the online attendance reporting system.

  1. The instructor may excuse absences for valid reasons, but missed work must be made up within the semester/term of enrollment.
  2. Work missed through unexcused absences must also be made up within the semester/term of enrollment, but unexcused absences may carry further penalties.
  3. In the event of two consecutive weeks of unexcused absences in a semester/term of enrollment, the student will be administratively withdrawn, resulting in a grade of "F".
  4. A "Contract for Incomplete" will not be issued to a student who has unexcused or excessive absences recorded for a course.
  5. Students receiving Military Tuition Assistance or Veterans Administration educational benefits must not exceed three unexcused absences in the semester/term of enrollment. Excessive absences will be reported to the appropriate agency and may result in a monetary penalty to the student.
  6. Report of a "F" grade (attendance or academic) resulting from excessive absence for those students who are receiving financial assistance from agencies not mentioned in item 5 above will be reported to the appropriate agency.
ONLINE NOTE: An attendance report of "P" (present) will be recorded for students who have logged in to the Online classroom at least once during each week of the term. Recording of attendance is not equivalent to participation. Participation grades will be assigned by each instructor according to the criteria in the Grading Policy section of the syllabus.

Park University 2009-2010 Undergraduate Catalog Page 95

Disability Guidelines:
Park University is committed to meeting the needs of all students that meet the criteria for special assistance. These guidelines are designed to supply directions to students concerning the information necessary to accomplish this goal. It is Park University's policy to comply fully with federal and state law, including Section 504 of the Rehabilitation Act of 1973 and the Americans with Disabilities Act of 1990, regarding students with disabilities. In the case of any inconsistency between these guidelines and federal and/or state law, the provisions of the law will apply. Additional information concerning Park University's policies and procedures related to disability can be found on the Park University web page: .

Term Paper Guidelines

Term Paper Topics


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Last Updated:7/12/2009 8:53:26 PM