Class notes RE 102 (RE102) California Real Estate Practice / Practices of Real Estate

RE 102 Real Estate Practices (3 Units) is a foundational course designed to immerse students in the core practices that govern real property ownership and transactions. Suggested prerequisites include RE 101, with a commitment of 54 lecture hours delivering a deep dive into the vital components of real estate practice. The course addresses fundamental principles essential for anyone pursuing a career in real estate, making it one of the eight required courses for eligibility to sit for the California Real Estate Broker's Examination. This is also one of the two required courses needed to qualify to take the California Real Estate Salesperson Exam. Key aspects of the course include: Ownership and Transfer of Real Property Interests: Students learn about the different types of property ownership, legal frameworks governing property transfers, and the documentation involved in transferring ownership rights. Operating a Real Estate Business: The curriculum covers the operational aspects of running a real estate business, from establishing a client base to managing day-to-day activities and ensuring compliance with legal standards. Real Property Transactions: Focused on the techniques and procedures of real estate transactions, this section deals with the step-by-step processes of buying, selling, and leasing property. This includes contract negotiation, due diligence, and closing processes. Buying and Leasing Property: Students are introduced to the strategies for acquiring and leasing properties for both residential and investment purposes. This encompasses market analysis, property valuation, and the economic factors influencing real estate markets. Course Syllabus: The syllabus offers a detailed overview of weekly topics, required readings, and project assignments, ensuring students can track their learning progression and prepare effectively for classes and exams. Midterm and Final Exams: These exams are designed to test the comprehensive understanding of the course material. The midterm focuses on the first half of the course, with questions on basic principles and practical applications. The final exam covers the entire course, emphasizing more complex scenarios and integrative problem-solving skills. Class Slides/Notes: The course utilizes slides with additional notes to supplement lectures. These resources highlight key points, provide visual aids for complex concepts, and offer a structured way to review and retain information. This course is CSU transferable, offering an added benefit for those looking to further their education within the California State University system. RE 102 is crucial for aspiring real estate professionals, providing them with the knowledge and skills needed to effectively navigate and succeed in the real estate industry.