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REX7500

Course
REX7500
Course Title
Real Estate Broker Pre-Licensing

Description

This course is approved by the N.C. Real Estate Commission to satisfy the educational requirements for a broker license. You will learn basic real estate principles and practices and license laws, rules and regulations of the NCREC in preparation for the state exam. This course is content intensive.

Objectives

  • To provide students with basic knowledge and skill necessary to function as an entry level real estate sales agent, and
  • To help students prepare for the real estate salesperson license examination given monthly by the NC Real Estate Commission.
  • To assist students in achieving a "Satisfactory" grade. The final course grade must be a numerical grade of a least 80% or better.  Details are provided in the course syllabus and course catalogue.

Content

  1. Introduction, Course Overview
    • Basic Real Estate Concepts
    • Real Estate Mathematics Review (Calculating area)
  2. Property Ownership Interests
    • Property Taxation & Assessment
  3. Property Description
    • Transfer of Title to Real Property
  4. Land Use Controls (Zoning, Deed Restrictions)
    • Environmental Issues and Real Estate Transactions
    • Real Estate Brokerage and Law of Agency
  5. Real Estate Brokerage and Law of Agency
    • Fair Housing (omit Code of Ethics)
  6. Real Estate Contract (Sales Contracts)
  7. Real Estate Contracts and Practices
    • Review prior to Mid-term
  8. Mid-term Exam
  9. Landlord-Tenant Act
  10. Real Estate Financing
  11. Closing Real Estate Transactions
  12. License Law, Commission Rules and Trust
    • Account Guidelines
  13. Basic House Construction
    • Real Property Valuation
  14. Real Property Valuation
    • Real Estate Management
    • Property Insurance
    • Federal Taxation of Real Property
  15. Comprehensive Final Exam

 

Prerequisites

None

Method of Instruction

Textbook, Lecture, Discussion, Examinations

Evaluation

Mid-term 1 & 2, Final Exam: A minimum of 160 cumulative points out of a possible 200 from all three exams, with a minimum grade of 75 on the final or a final exam grade of 80 or better (if  prior exams were taken on time).  Note: A "Retake" of the Final Exam is permitted only if the student scores at least a 70% or better.)