COURSE SYLLABUS

Fall 2002

Course: Advanced Real Estate Principles

Course Number: UREL ‑ 332

Text Book: Real Estate Principles by Floyd and Allen (7th Edition)

Meeting Time: 6:00 PM ‑ 8:40 PM

Room: to be announced

Instructor: Gayle H. Boudousquie, MAI

210 Baronne Street

Suite 1405, FNBC Bldg.

New Orleans, LA 70112

(504) 525‑5700

FAX: (504) 525‑5705

Home: (504) 947‑1432

Office Hours: Monday ‑ Friday by appointment, or after class

Course Objectives:

T he objective of this course is to present principles of real estate that are necessary for effective decision making. The student will study: Factors of supply and demand that create value in market analysis, Real Estate Services available for careers (Brokerage, Property Management, Real Estate Appraisal), Real Estate Investment Analysis for Income Producing Property, and The Development Process including Feasibility and Site Selection.

The Louisiana Real Estate Commission has approved this course for 45 hours toward residential and general appraisal certification.

Credit Hours: Three (3) College credit hours

Forty-five (45) hours of Appraisal Certification credit

General Information: You will need a financial calculator. An HP10B, HP12C, BA11Plus, or equivalent. ( Net present value function and Internal Rate of Return. ) The instructor will use a Hewlett Packard HP12C. Please bring the instruction book with you to class if you are not familiar with the financial functions on the calculator.

Each class begins with questions and a short review of prior material.

Homework assignments are reading the assigned chapters prior to lecture and being able to discuss the material in class. Some problems may be assigned for homework.

Questions are welcomed during class.

Grading: Your final grade is based on the following:

Exam 1 20%

Exam 2 30%

Exam 3 30 %

Class Participation/Quizzes 20 %

Exams ‑ combination of questions and problems

Over 93 = A 80-83 = B- 67‑69 = D+

90-93 = A- 77-79 = C+ 64-66 = D

87‑89 = B + 74-76 = C 60-63 = D-

84‑86 = B 70-73 = C- BELOW 60 = F

make-up Exams: You must meet the following requirements in order to make up an

exam:

1. Valid reason for missing the exam.

2. Make‑up exam must be taken prior to the next scheduled class.

3. Good class attendance

CLASS DATE HOMEWORK ASSIGNMENT – Fall 2002______________

Read assigned chapters before lecture

Tuesday- Chapters to be read before class Lecture!

September 3, 2002: First Class- Orientation and Chapter 1

September 10, 2002: Chapter 4 - Public Restrictions on Ownership

Chapter 8 - Understanding Real Estate Markets

September 17, 2002: Chapter 9 - Urban and Regional Economics

Chapter 11 - Real Estate Appraisal

September 24, 2002: Chapter 11 continued, and Review for Test 1

October 1, 2002: Test 1 ‑ Chapters 4, 8, 9, and 11 (multiple choice and problems)

October 8, 2002: Chapter 13 – Residential and Commercial Property Financing

October 15, 2002: Chapter 14 – Time Value of Money

October 22, 2002: Chapter 14, continued, review for Test 2

October 29, 2002: Test 2- Chapters 13, and 14 (multiple choice and problems)

November 5, 2002: Chapter 16 – Analyzing Income Producing Properties

November 12, 2002: Chapter 16 continued

November 19, 2002: Chapter 17 – Residential Land Uses

November 26, 2002: Review for Test 3 Take Home Portion of Test 3 Distributed (From Chapter 16.)

December 3, 2002: Work on Take Home Exam- in class. Excused absence

necessary if not in class.

December 10, 2002: Test 3-Chapter 17 (multiple choice) and submission of take home portion of Test 3.