|
Official Course
Description: MCCCD Approval: 11/25/97 |
|||
|
REA279
19982-20042 |
LEC |
3 Credit(s) |
3 Period(s) |
|
Real Estate Principles III |
|||
|
Advanced study of real estate industry in Arizona. Focus on responsibilities of a real estate brokerage. Ownership, estates, title, agency, listings, property management and leases, fair housing and environmental laws, legal descriptions and subdivision law. REA279 and REA280 combined meet ADRE requirements to take broker licensing exam. Prerequisites: REA179 and REA180, or permission of instructor. |
|||
|
|
|||
Go to Competencies Go to Outline
|
MCCCD Official Course Competencies: |
|
|
|
|
|
REA279 19982-20042 |
Real Estate Principles
III |
|
1. |
Discuss how to establish and maintain a real estate brokerage. (I) |
|
2. |
Describe the legal concepts of ownership/estate and limitations. (II) |
|
3. |
Discuss the essentials of estates and limitations. (III) |
|
4. |
Describe the methods of taking title to real property. (IV) |
|
5. |
Discuss the law of agency and listings. (V) |
|
6. |
Describe the essentials of property management and leasehold estates. (VI) |
|
7. |
Discuss the essentials fair housing and environmental laws. (VII) |
|
8. |
Discuss legal descriptions and subdivision law in Arizona. (VIII) |
|
|
|
Go to Description Go to top of
Competencies
|
MCCCD Official Course Outline: |
|
|
|
|
|
REA279 19982-20042 |
Real Estate Principles
III |
|
|
|
I. Real Estate Brokerage A. License Requirements B. Arizona Department of Real Estate Broker Licensing Exam C. Commissions D. Trust Accounts E. Broker's Responsibilities II. Legal Concepts of Ownership/Estate and Limitations A. Real Property B. Personal Property (Fixtures/Trade Fixtures) C. Police Power D. Eminent Domain E. Taxation F. Escheat G. Water Rights III. Estates and Limitations A. Adverse Possession B. Wills C. Mechanics Liens D. Easements E. Encroachments IV. Methods of Taking Title A. Fee Simple B. Qualified Fee Estates C. Life Estates D. Homestead E. Joint Tenants F. Tenants in Common G. Community Property H. Tenancy by Entirety I. Condominiums J. Cooperatives V. Law of Agency and Listings A. Types of Agency B. Dual Agency C. Types of Listings VI. Property Management and Leasehold Estates A. Constructive Eviction B. Reversion C. Types of Leases D. Types of Tenants E. Fiduciary Responsibilities VII. Fair Housing and Environmental Laws A. Federal Fair Housing Laws B. State Fair Housing Laws C. Federal Environmental Laws D. State Environmental Laws VIII. Legal Descriptions and Arizona Subdivision Laws A. Metes and Bounds B. Gila and Salt River Base and Meridian C. Townships and Ranges D. Lots, Blocks, and Tracts E. Commissioner's Public Report (CPR) F. Lot Reservations G. Purchase Contracts H. Subdivision Approval |