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FI 425 Principles of Real Estate
Kao, Robert


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.

Course

FI 425 Principles of Real Estate

Semester

FA 2010 HO

Faculty

Kao, Robert

Title

Assistant Professor of Finance

Degrees/Certificates

M.S. - University of Nebraska - Lincoln
Ph.D. - Texas A&M University

Office Location

Norrington 2B

Office Hours

Tuesday & Thursday 10:00-noon or by appointment

Daytime Phone

816-584-6852

E-Mail

robert.kao@park.edu

Class Days

-M-W-F-

Class Time

10:00 - 10:50 AM

Credit Hours

3


Textbook:

Real Estate Principles, 9th edition, by Charles Floyd and Marcus Allen, Dearborn Publisher.

ISBN-10:1-4277-6279-1 
ISBN-13:978-1-4277-6279-5

Textbooks can be purchased through the MBS bookstore

Textbooks can be purchased through the Parkville Bookstore

Additional Resources:

McAfee Memorial Library - Online information, links, electronic databases and the Online catalog. Contact the library for further assistance via email or at 800-270-4347.
Career Counseling - The Career Development Center (CDC) provides services for all stages of career development.  The mission of the CDC is to provide the career planning tools to ensure a lifetime of career success.
Park Helpdesk - If you have forgotten your OPEN ID or Password, or need assistance with your PirateMail account, please email helpdesk@park.edu or call 800-927-3024
Resources for Current Students - A great place to look for all kinds of information http://www.park.edu/Current/.


Course Description:
FI425 Principles of Real Estate: A study of real property, its legal title, transfer,ownership, finance, and management. Prerequisite: FI360 or permission of the instructor.3:0:3

Educational Philosophy:
 

  • Establish a classroom where ideas can be shared, students can be challenged in areas of topic learning and real knowledge can be exchanged.
  • Create an interactive environment that is based on lectures, readings, tests, dialogues, assignments, websites, and demonstrated examples.
  • Motivate the class with available on-campus seminars/speakers that would support and inspire student learning.

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.


Core Assessment:

Class Assessment:

Three tests, final exam, homework, and term paper for FI 425 will be used as the assessment tool for this course. The exam will be comprehensive and the grade used to determine competency levels achieved by the students. The exam will be closed book and closed notes. The exam consists of multiple choice questions covering the chapter readings in the course and problems that examine the critical thinking, effective communication skills, and technical skills of the student.  Students are expected to take examinations at the scheduled times. There will be no make-up exams. Remedies are possible, but only in documented, urgent, and compelling circumstances that are informed in advance.

Grading:

Grades will be based on completion of the required assignments as well as exams. Grades will be awarded according to the following schedule:

          Tests (3)                                 300 points
 
          Final Exam                                200 points

          Homework                                100 points

Term Paper                               100 points

          Total                                       700 points


          630 or above                          A

560-629                                 B

490-559                                 C

420-489                                 D

Below 420                              F


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.

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 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.

Late Submission of Course Materials:
Late submission of material will not be accepted without prior arrangements being made with the instructor. No late assignments will be accepted after the regular semester ends.

Classroom Rules of Conduct:
Use of cell phones, pagers, iPOD, or other electronic device is strictly prohibited from class. Should a student be expecting some sort of emergency phone call (i.e. baby, child, parent illness) it is the student's responsibility to make the instructor konwn of the possibility of leaving the class to take a call. With exception to the above listed examples, all phones should be turned off prior to class beginning.

Course Topic/Dates/Assignments:

 

Dates

Topic

Reading

Week 1 (Aug. 16, 18, 20)

Introduction to the Real Estate Business. Rights and Interests in Real Estate

Chapters 1 and 2

Week 2 (Aug. 23, 25, 27)

Private Restrictions on Ownership

Chapter 3

Week 3 (Aug. 30, Sep. 1, 3)

Public Restrictions on Ownership

Chapter 4

Week 4 (Sep. 6, 8, 10)

NO CLASS-Labor Day; Deeds and Title; Test 1 (Ch.1-5)

Chapter 5

Week 5 (Sep. 13, 15, 17)

Contracts and Title Closings

Chapter 6

Week 6 (Sep. 20, 22, 24)

Leases and Brokerage

Chapter 7 and 8

Week 7 (Sep. 27, 29, Oct. 1)

Appraisal and Management 

Chapter 9 and 10

Week 8 (Oct. 4, 6, 8)

Management; Test 2 (Ch. 6-10)

Chapter 10

Week 9 (Oct. 11, 13, 15)

NO CLASS–Fall Recess

 

Week 9 (Oct. 18, 20, 22)

Residential Land Uses and Home Purchase Decisions

Chapter 11 and 12

Week 10 (Oct. 25, 27, 29)

Commercial and Industrial Land Uses

Chapter 13

Week 11 (Nov. 1, 3, 5)

Real Estate Market Dynamics

Chapter 14

Week 12 (Nov. 8, 10, 12)

Urban and Regional Economics; Test 3 (Ch. 11-15)

Chapter 15

Week 13 (Nov. 15, 17, 19)

Property Financing

Chapter 16

Week 14 (Nov. 22, 24, 26)

Risk, Return, and Time Value of Money; NO CLASS-Thanksgiving

Chapter 17

Week 15 (Nov. 29, Dec. 1, 3)

Mortgage and Income-Producing Property

Chapter 18 and 19

Week 16 (Dec.6)10:15-12:15

Final Exam

Comprehensive

*ALL LISTINGS ARE SUBJECT TO CHANGE.

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 students and faculty members are encouraged to take advantage of the University resources available for learning about academic honesty (www.park.edu/current or http://www.park.edu/faculty/).from Park University 2010-2011 Undergraduate Catalog Page 92

Plagiarism:
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. from Park University 2010-2011 Undergraduate Catalog Page 92-93

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.

Park University 2010-2011 Undergraduate Catalog Page 95-96

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: http://www.park.edu/disability .

Copyright:

This material is protected by copyright
                               and can not be reused without author permission.

Last Updated:8/4/2010 4:16:06 PM