REAL ESTATE

Prepares students to sit for the national and state real estate broker exams.

*Upon successful completion of Real Estate 1 and 2, students earn the opportunity to sit for the National Broker Exam and the Colorado Broker Exam. A successful score on both exams is required to apply for a broker's license.

*Students must be 18 in order to sit for the broker exams. Due to this age requirement, the real estate classes are recommended for students in grade 12.

SEMESTER 1: Real Estate 1

College Credit Hours: 6

Real Estate 1 covers three main aspects of Real Estate:

Practical Applications
- - How to enter the field
  - Residential Real Estate
  - Property Management
  - Commercial Real Estate
  - Working a deal from Offer to Closing
  - Current Trends
Real Estate Law and Practice
- - Real Property
  - Valuation and appraisal
  - Contracts, agency and federal requirements
  - Real estate finance and settlement
  - Property Management
Current Legal Issues
- - Colorado real estate rules, regulations, policies, position statements and instructive disciplinary proceedings
  - Recent and relevant Federal and State case law and statutory law
  - Licensing concerns
  - Bankruptcy
  - Local issues

SEMESTER 2: Real Estate 2

College Credit Hours: 6

Real Estate 2 covers three main aspects of Real Estate:

Colorado Contracts & Regulations

Regulations
Colorado statutory relationships
Brokerage relationship agreements
Sales contracts and related forms
Other considerations in real estate contracting
- Promissory notes, leans, errors and omission insurance, land descriptions, water rights, financing
- Landlord Tenant Act

Real Estate Closings

Brokers responsibility relating to closing
Introduction to a 6-column worksheet
Closing to a prepared contract
Legal documents
Preparation of a minimum of 8 closing problems

Record Keeping & Trust Accounts

Legal requirements
Record keeping
Special areas of concern
Termination of brokerage relationship