Overview

This set of resources is designed to help students learn fundamental real estate concepts. These resources are typically used in 300 & 400-level 'Principles' & 'Fundamentals' classes, and as an educator, you can easily add the content you want to your course and leave the content that doesn't fit.

With these resources, your students will understand how real estate fits within the wider community, learn the essential finance principles of time value of money, see how this is applied in 3 core property valuation approaches, and be able to build a DCF valuation themselves.

Learning Objectives

1. Real Estate Law: Understand key legal concepts and processes in real estate transactions, the bundle of rights, and ownership limitations.

2. Real Estate Economics: Understand market mechanisms, price mechanisms, market failures, and real estate market dynamics.

3. Value & Appraisal: Evaluate property attributes and apply various valuation approaches to appraise different types of properties.

4. Time Value of Money: Calculate the present and future values of single sums and assess the impact of varying interest rates and periods using TVM principles.

5. Market Analysis: Explain the use of market analysis in real estate, apply market segmentation, and evaluate market cycles and their drivers.

6. Leases & Property Types: Differentiate between commercial property classes, evaluate common lease types, and understand key elements of commercial leases.

7. Mortgage Fundamentals: Understand key mortgage components, perform essential mortgage calculations, analyze mortgage defaults and foreclosures, and evaluate various mortgage types.

8. The Mortgage Markets: Understand the functions of the secondary mortgage market, evaluate the impact of securitization, and describe regulatory changes in the mortgage market.

9. Buying Residential: Understand the rent vs. own decision, the residential property buying process, and residential real estate investment strategies.

10. Residential Brokerage: Understand fiduciary responsibilities in real estate brokerage, evaluate ethical and legal duties, and differentiate between agency relationships and listing agreements.

11. Buying CRE Using DCF: Calculate income and capital gains taxes, build and analyze DCF models for real estate assets, and evaluate the impact of taxes on investment returns.

12. Buying REITs: Differentiate between types of REITs, explain the capital stack, and understand the history, rules, attributes, and performance of REITs.

13. Public Policy Impact on Minorities: Analyze the impact of segregation, assess public policies, and understand the role of public-private partnerships and local government in community regeneration and affordable housing.