Academics

Course Descriptions

Real Estate (R EST)


R EST 101  Real Estate Fundamentals 1  (3)
This 33-hour course meets the new state requirements for those who intend to take the Real Estate License Exam. Topics include nature of real property, estates in land, land acquisition, ownership and transfer, contract law agency and brokerage, law and ethics, real estate finance, appraisal, economics, property management, the government and the real estate industry, taxation, real estate ownership operation, real estate math, Washington law, and the real estate industry.
R EST 102  Real Estate Fundamentals 2  (3)
In conjunction with R EST 101, this class meets the state requirement for individuals seeking a real estate salesperson's license to complete a 60-clock hour course in real estate fundamentals. Topics include: Real Estate as a Career, The Selling Process, Listing Agreements and Procedures, Agency Law and Brokerage Relationships, Real Estate License Law, and Fair Housing Issues and Consumer Protection. Eligible for 30 clock-hour credits.

R EST 110  Varies  (2)
A 1-2 credit format (7.5 to 15 clock hours per course). Can be selected to qualify for the 30-clock hour Real Estate Continuing and Community Education requirement, as approved by the Washington state Department of Licensing.
R EST 120  Real Estate Law  (3)
A practical study of Washington Real Estate Law, emphasizing the more complex aspects of ownership, use and transferability of real estate as encountered by brokers and others who deal with real property. Covers Washington Real Estate Agency Law, Lending Law, contracts, titles, deeds, leases, liens, covenants, conditions, restrictions, easements, estates, probate, and landlord-tenant relationships. Includes a review of significant Washington cases.

R EST 130  Residential Appraisal  (3)
Focuses on single family residences, small rental units (1-4), raw land for single family residential units and rental units (1-4). Covers the theories, functions and purposes of appraisal. Uses principles and techniques to determine the value of real property. Covers application of cost and market data approaches to residential value for the purpose of purchasing and selling real property.
R EST 140  Real Estate Sales Practices  (3)
Teaches the why's and how's of real estate sales principles so that students can apply principles of selling as they relate to the real estate salesperson. Includes the methods and procedures of listing, prospecting or preparing earnest money agreements. Also includes advanced real estate sales information.

R EST 150  Real Estate Finance  (3)
Policies, problems and methods involved in financing and investing in various types of real property. Includes taxation analysis, exchanges, sources of loan funds, types of financing methods, institutional and government policies, and instruments and methods of loan processing.
R EST 160  Investment/Commercial Appraisal  (3)
Subject properties include residential income (five or more units), mobile home parks, offices, shopping centers, industry and warehouse properties, and raw land and development. Covers approaches to valuation in income, capitalization, replacement and cost.

R EST 170  Real Estate Property Management  (3)
Important functions in building management, residential property analysis, equipment, rental policies, vacancy and rental surveys, lease provisions, inspection, building codes, tenant relations, operating policies and financial result analysis.
R EST 180  Office Administration  (3)
Practical administration of real estate brokerage, including all managerial functions with special emphasis on brokerage, budgets, sales management, advertising, sales training, market analysis and data processing.

R EST 206  Market Data Analysis  (3)
Teaches students to prove adjustments by market abstractions, to use various methods of calculating depreciation and to correctly complete the URAR Single Family Residential Report Form. Approved for 30 clock hours by the Washington state Department of Licensing. Meets requirements for advanced appraising instruction.
R EST 207  Residential Appraisal Report Writing  (3)
Covers current residential real estate appraisal report formats and forms required by most primary lenders, the relocation industry and the secondary money market. Also includes the U.R.A.R. form, the Condominium form, and the 24 small residential income form.