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128 B106: Real Estate This course deals with those trends and factors which affect the value of real estate; the Economics nature and classification of land economics; the development of property, construction, and subdivisions; economic values fluctuations; residential market trends; real property; and special purpose property trends. The course applies toward the state's educational requirements for the broker's examination. Topics include: • California's Economic Growth, Economic Principles and Cycles • Economic Theories, Measurements, Money and Financing • Cities' Origin and Growth, Problems of the Cities, and the Suburbs and Beyond • Government Regulations & Taxes • Housing and Nontraditional Housing, Farms and Land, and Nonresidential Real Property • Planning & Land Use Control • The Economics of Development and Economic Decision Making Prerequisite: None 40 Hours Lecture 4.0 Quarter Credits B107: Property This course covers the professional management of investment properties such as multi - Management family, commercial, and industrial properties. Course accent is on the current marketing accounting, and maintenance procedures used by professional management firms. It is intended for the property owner or the real estate practitioner who wishes to specialize in property management. This course applies toward the state's elective educational requirements for the broker's examination. Topics include: • The Economics of Property Management • Financial and Property Analysis • Marketing, Leases, Forms, Day -To -Day Operations, Systems and Reports • Tenant Relations and Apartment Management: Operations and Procedures • Managing Commercial Property • Hotel Business Operations and Current Issues in Hotel/Motel Management • Legal Issues in Property Management Prerequisite: None 40 Hours Lecture 4.0 Quarter Credits B108: Escrow This course is limited to providing the student with the primary information about escrow. Methods and techniques of escrow procedure for various types of real estate transactions including the legal/ethical responsibilities engaged in escrow work. Upon its completion, the student will not be qualified as an escrow officer but will have been exposed to the terminology, documentation, related service fields, and fiduciary and ethical responsibilities involved in escrow. The student will learn how to open, execute, and close a simple escrow. The principles used in handling escrows involving land titles, including the various forms and procedures used by escrow departments of banks, title companies, and escrow firms. The students have completed the samples. This course applies toward the state's elective educational requirements for the broker's examination. Topics include: • What is Escrow? Escrow Uses and Title Issues • Parties, Documents, Contracts and Real Estate Basics • Real Estate Finance, Escrow, Title and Other Professionals • Local Variations, Contingencies, and Title Insurance • Escrow Instructions, Computerized Escrow, Other Types of Escrows and Escrow Review Revision Date on December 12, 2020