FI425 Principles of Real Estate

for F2L 2011

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Mission Statement: Park University provides access to a quality higher education experience that prepares a diverse community of learners to think critically, communicate effectively, demonstrate a global perspective and engage in lifelong learning and service to others.

Vision Statement: Park University, a pioneering institution of higher learning since 1875, will provide leadership in quality, innovative education for a diversity of learners who will excel in their professional and personal service to the global community.


FI 425 Principles of Real Estate


F2L 2011 WTH


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



Semester Dates

Oct 17, 2011-Dec 11, 2011

Class Days


Class Time




Credit Hours



REAL ESTATE PRINCIPLES, 11th Edition, Charles J. Jacobus, Thomson Higher Education/South-Western
ISBN:  978-0-324-78749-8

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

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.
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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 11 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 role of federal legislation as it relates to the concept of fair housing.
  2. 9.  Describe the impact the US real estate market has on the US Econmic System.
Core Assessment:

Class Assessment:

1.  Active participation in all classroom discussions is a direct measurement of student preparations and regular attendance in class.  In addition, this class will require active participation with the threaded discussions.  Scoring rubric for threads will be distributed at first class session

2.  The course will include 7 weekly open book, on-line quizzes and a comprehensive final exam (an essay style exam that will cover all Core Learning Objectives).

3.  A 10-12 page term paper will be due no later than December 4, 2011.   Specific and detail term paper guide lines, format style instructions and suggested topics will be distributred during the first session during Week 1.


Threaded Discussions------360pts
Final Exam-----------------300pts
Term Paper----------------200pts
900pts or greater----------A
800pts - <900pts----------B 
700pts - <800pts----------C
600pts - <700pts----------D

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:
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.  This class will meet in a face-to-face arrangement for no less than twenty four (24) hours of contact time and an additional sixteen (16) will be required in the threaded discussion section of the course.
B.  Classes 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 is expected; students are expected to come to all classes and be on time.  Roll will be checked each class meeting.  Three unexcused absences are considered excessive and will be reported to the Park University administrator.
D.  Students are  responsible for the content of classroom presentations.  If absent, students must obtain class notes from another student.

Course Topic/Dates/Assignments:

Week 1   Introduction; Chapters 1-5 
Week 2   Chapters 6-9
Week 3   Chapters 10-14; 
Week 4   Chapters 17/18
Week 5   Chapters 19/20/21/22; Last Day for Early Turn In of Term Paper
Week 6   Chapters 23/24/25
Week 7   Chapters 26/27; Term Paper Turn in no later than Sunday (at midnight)
Week 8   Final Exam Review; Final Exam (Proctored) 

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 ( or Park University 2011-2012 Undergraduate Catalog Page 93

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 2011-2012 Undergraduate Catalog Page 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 2011-2012 Undergraduate Catalog Page 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: .


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Last Updated:10/4/2011 3:21:55 PM