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Course BA 4363 Section 001 Fundamentals of Real Estate Professor
George DeCourcy
Term
Fall 2010
Meetings
Tuesdays/Thursdays 4:00-5:15 p.m. in SOM 2.106 
Professor’s Contact Information
 Office Phone
n/a
Office Location
SOM 2.410 beginning Sept. 1 
Email Address
Office Hours
By appointment
Other Information
Please email me at one of above addresses
 – 
 not via eLearning
General Course Information
 
Pre-requisites
BA 3341
Course Description
This course is an introduction to real estate. It provides a survey of various aspects of the real estate business including marketing finance development, law and appraisal.
Learning Outcomes
At the end of the course, students will be able to: Identify the legal rights associated with property ownership Legally describe real property rights Describe the different types of contracts used in real estate Calculate mortgage payments Value real property rights Understand the different types of mortgage instruments Value income-producing property relative to inherent risk
Required Text
 Real Estate Principles, A Value Approach
,
3
rd 
 Edition, ©
2010, by David C. Ling and Wayne R. Archer. Hardcover. McGraw Hill. ISBN-13 9780073377322
Text Resources
Calculators
Recommended: TI BA II Plus or HP 12C
Class Schedule
This is a new course. Though the class dates are set, the material covered in each session remains fluid and will be updated throughout the semester. Students should continually check eLearning for updates to the Schedule shown below. The instructor will provide version numbers to assist in this process.
 
SCHEDULE OF CLASSES Version 1.0, last updated 7/26/10 (subject to further change by Professor
 – 
 please check back for updates)
Date Topic Reading Assignment Comment
1 8/19 Introduction Chapter 1 2 8/24 Legal Foundations Chapter 2 3 8/26 Conveying Real Property Interests Chapter 3 4 8/31 Catch up and Review 5 9/2
Gov’t Controls & Markets
 Chapter 4 6 9/7 Market Determinants of Value Chapter 5 7 9/9 Market Research Chapter 6 8 9/14 Review 9 9/16 Exam 1 10 9/21 Appraisal: Sales Comparisons & Cost Chapter 7 11 9/23 Appraisal: continued 12 9/28 Appraisal: Income Approach Chapter 8 13 9/30 Contracts Chapter 9 14 10/5 Mortgage Types Chapter 10 15 10/7 Sources of Funds Chapter 11 16 10/12 Review 17 10/14 Brokerage Chapter 12 18 10/19 Sales Contracts & Closing Chapter 13 19 10/21 Exam 2 20 10/26 Time Value of Money Chapter 14 21 10/28 Mortgage Calculations Chapter 15 22 11/2 Commercial Mortgage Types Chapter 16 23 11/4 Sources of Debt/Equity Chapter 17 24 11/9 Review 25 11/11 Real Estate Taxation Chapter 20 26 11/16 Ratios & NPV Chaps. 18,19 27 11/18 Property Management Chapter 21 28 11/23 Leases Chapter 22 29
11/25 NO CLASS Happy Thanksgiving
30 11/30 Development Chapter 23 31 12/2 Review 12/9 Exam 3
 
Course Policies
 
Course Grade
The course will be graded as follows: Exams 1,2,3 25% each Independent report: 20% Participation/attendance: 5%
Grading
Course grades are based on standard university scale: A, A-, B+, B, B-, C+, C and F. There is no A+ or C-.
Class Procedure
Students should read assigned chapter material prior to the class session and are expected to participate in class.
Independent Report
Students are to select one area of the course that they consider of personal interest and write a short paper about that topic and to include reference material beyond the text itself. This self-study and report will allow the student to expand their knowledge base in an area of real estate beyond that of a fundamentals course. As an alternative, students may select a local company active in the real estate marketplace and do a report on the company which would include the nature of their services and some detail of their operations. A paper of this nature would most likely include interviews with some of the key local individuals working with that company.
EXAMS
 No make-ups allowed unless pre-arranged with Instructor. Laptops are NOT allowed during exams.
 UTD Policies
Student Conduct and Discipline
The University of Texas System and The University of Texas at Dallas have rules and regulations for the orderly and efficient conduct of their business. It is the responsibility of each student and each student organization to be knowledgeable about the rules and regulations which govern student conduct and activities. General information on student conduct and discipline is contained in the UTD publication,
 A to Z Guide
, which is provided to all registered students each academic year. The University of Texas at Dallas administers student discipline within the  procedures of recognized and established due process. Procedures are defined and described in the
 Rules and Regulations, Board of Regents, The University of Texas System, Part 1, Chapter VI, Section 3
, and in Title V, Rules on Student Services and
Activities of the university’s
 Handbook of Operating Procedures
. Copies of these rules and regulations are available to students in the Office of the Dean of Students, where staff members are available to assist students in interpreting the rules and regulations (SU 1.602, 972/883-6391). A student at the university neither loses the rights nor escapes the responsibilities of citizenship. He or she is expected to obey federal, state, and local laws as well as the Rege
nts’ Rules, university regulations, and administrative rules. Students are subject
to discipline for violating the standards of conduct whether such conduct takes place on or off campus, or whether civil or criminal penalties are also imposed for such conduct.
 Academic Integrity
The faculty expects from its students a high level of responsibility and academic honesty. Because the value of an academic degree depends upon the absolute

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