Real Estate – BUSI 422

CG • Section 8WK • 11/08/2019 to 04/16/2020 • Modified 07/28/2020

Course Description

An overview of real estate brokerage, property rights, transfer mechanisms and documents, property evaluation, finance, investments, and property management.

Prerequisites

BUSI 301 and 320

Rationale

The goal of this course is to teach the role of the real estate profession in the United States today as well as to show the fundamentals that drive the real estate markets, economically speaking. The course will also teach the role of the investor in real estate covering the tools of tax, law, accounting and the mathematics of real estate as applied to real estate investments.

Measurable Learning Outcomes

Upon successful completion of this course, the student will be able to:

  1. Exhibit the ability to calculate interpret and apply real-estate financing vehicles for use in evaluating potential investment opportunities (PLO 2, 3, 4; Introduced).
  2. Explain the importance of real estate finance with respect to the economy and individuals (PLO 2, 3, 4; Introduced).
  3. Prepare a realistic real estate appraisal for residential property (PLO 2; Introduced).
  4. Apply biblical worldview principles to the area of real estate finance ethics (PLO 1, Emphasized).

Course Assignment

Textbook readings and lecture presentations.

Course Requirements Checklist

After reading the Course Syllabus and Student Expectations, the student will complete the related checklist found in Module/Week 1.

Group Homework (8)

The student must complete the homework from the assigned textbook readings for each module/week. All homework assignments must be submitted in MS Excel documents (expect Week #1 which will use MS Word) that are professionally formatted and the student will be expected to use the automated tools (formulas, functions, etc.) available through Excel in order to embed the interim calculations in the cells (rather than simply using Excel as one would a word processor). Each student will make an individual submission followed by a collaborative group submission each week.

Learnsmart Assignments (Connect online assignment system) (17)

The student will be assigned Learnsmart homework in the Connect online assignment system. These assignments will be graded automatically upon submission, and the instructor will subsequently transfer the scores to Blackboard. Access to Connect is mandatory for the student.

Group Wiki (2)

Wikis are a collaborative learning experience. Therefore, the instructor will place the student into a small group at the beginning of the course. In each wiki assignment, the group will formulate and document a scholarly response to a real estate financial scenario. Each student must contribute to the research and development of the scholarly response through collaboration such as commenting, researching, editing, and revising information in the wiki.

Appraisal Project

The student will prepare a realistic real estate appraisal using the Form 1004 Uniform Residential Appraisal Report. The appraisal will be for a residential property, performed using the sales comparison approach and cost approach.

Connect Exams (4)

The student will take 4 bi-weekly, online exams through Connect. Each exam will be open-book/open-notes and will consist of multiple-choice and true/false questions.

Peer Evaluations (2)

Each student will submit two peer evaluation forms (one at the end of Week 4 and the other at the end of Week 8) in which they will rate the relative contribution of each of their group members in the collective effort of preparing and presenting the final group submissions of those assignments.