REST 122 — Principles of Real Estate 3 Units
Students will explore the fundamental physical and legal characteristics of real estate together with an introduction to the business of real estate. Topics include real property characteristics, ownership, encumbrances, land use controls, and taxation of real estate. Class discussions on the business of real estate will focus on a closer examination of the appropriate methods of co-ownership, California real estate licensing laws, the relationship between a broker and salesperson, agency, landlord-tenant law, and the transactional aspects of title transfer, contracts, escrow and title insurance, finance, and appraisal. This is a required course for the California Real Estate Salesperson license, an elective for the California Real Estate Broker license, and prepares students to take the state licensing exams.