2016-17 Catalog

Real Estate

Courses

REST 4084. Internship. 1-6 Credit Hours (Lecture: 0 Hours, Lab: 1-20 Hours).

Preapproved and supervised work experience in a Real Estate related position with a public or private business organization. May be repeated for a total of 6 hours credit. Prerequisite: Junior classification and approval of department head.

REST 4086. Problems. 1-3 Credit Hours (Lecture: 0 Hours, Lab: 1-3 Hours).

A directed study of selected problems in Real Estate. May be repeated with approval of the head of the Department. Prerequisite: Senior classification and approval of department head.

REST 4090. Special Topics in Real Estate. 1-3 Credit Hours (Lecture: 1-3 Hours, Lab: 1-3 Hours).

An examination of current topics in real estate. Readings required from current real estate publications and other related periodicals. May be repeated for credit when topics vary. Prerequisite: 9 hours of REST.

REST 4303. Texas Real Estate Agency Law. 3 Credit Hours (Lecture: 3 Hours, Lab: 0 Hours).

A study of agency concepts, basic agency relationships, disclosure and duties to client, disclosure and duties to third parties, creation and termination of the agency relationship, seller agency, subagency, buyer agency, representing more than one party in a transaction, dual agency, intermediary brokerage, single agency, clarifying agency relationships, employment issues, Deceptive Trade Practices and Consumer Protection Act, selected statutes and TREC rules, ethical and legal responsibilities.

REST 4304. Principles of Real Estate I. 3 Credit Hours (Lecture: 3 Hours, Lab: 0 Hours).

A study of licensing as a real estate broker and salesperson, distinctions between real and personal property, the real estate market, concepts of home ownership, real estate brokerage and the law of agency, fair housing laws and ethical practices, Real Estate License Act, interests in real estate, how ownership is held, legal descriptions, encumbrances and liens.

REST 4305. Principles of Real Estate II. 3 Credit Hours (Lecture: 3 Hours, Lab: 0 Hours).

A study of licensing as a real estate broker and salesperson, ethics of practice, titles to the conveyancing of real estate, legal descriptions, law of agency, deeds, encumbrances and liens, distinctions between personal and real property, contracts, appraisal, finance and regulations, closing procedures, and real estate mathematics.

REST 4306. Texas Real Estate Contracts. 3 Credit Hours (Lecture: 3 Hours, Lab: 0 Hours).

A study of the Texas Real Estate License Act (TRELA) and the Rules of the Texas Real Estate Commission, the contract and other promulgated contracts and associated forms, obtaining a real estate loan, property descriptions, estimating seller net and buyer move-in.

REST 4307. Real Estate Law. 3 Credit Hours (Lecture: 3 Hours, Lab: 0 Hours).

Study of legal concepts of real estate, land description, real property rights and estates in land, contracts, conveyances, encumbrances, foreclosures, recording procedures, and evidence of titles. Prerequisite: REST 4305 or permission of department head.

REST 4308. Real Estate Brokerage. 3 Credit Hours (Lecture: 3 Hours, Lab: 0 Hours).

A study of real estate brokerage office, planning and organization, operational policies and procedures, law of agency, recruiting, selection and training of personnel records and control, real estate firm analysis and expansion criteria.

REST 4309. Real Estate Appraisal. 3 Credit Hours (Lecture: 3 Hours, Lab: 0 Hours).

A study of the central purposes and functions of an appraisal, social and economic determinant of value, appraisal of case studies, cost, market data and income approaches to value estimates, final correlations, and reporting. Prerequisite: REST 4305 or permission of department head.

REST 4385. Seminar in Real Estate. 3 Credit Hours (Lecture: 3 Hours, Lab: 0 Hours).

A study of selected topics dealing with problems or unique needs of Real Estate. May be repeated for credit as topics vary. Prerequisite: Approval from department head.