BUS 205 Real Estate Fundamentals

3 Credits

This course enables students to understand the complex legal issues involved in the study of real estate. It provides them with a solid, technical, legal foundation upon which a successful career in real estate can be built. This course is one of two courses needed to take the real estate salesperson licensing exam; the other course is Real Estate Practice. The product that real estate licensees sell is real property. Therefore, real property (along with its property rights, interests, and legal descriptions) is presented. Other concepts included in the chapters and problem sets include public and private land use controls, environmental issues, forms of ownership, transfer of title, title records, contract law, principles of financing, real estate license law/rules and regulations. This course is also relevant to students desiring knowledge of real estate for purposes of home ownership and as an investment to achieving long-term financial goals.