The functions and the contributions of real estate financing to the community, sources of the various financial resources, and the normal policies and procedures of these sources, loan terms, real housing costs, and comparative financial analysis for residential properties, and the structure of financial packages for residence purchase. Also studied are the United States monetary system, financial intermediaries, security instruments and the laws and professional ethics related to the financing of real estate. Applicable towards the mandatory educational requirements for the broker's license and is particularly useful for all persons involved with real estate financing, escrow services, and investment. Lecture 3 hours. This is an introductory course covering the purposes of appraisals, the appraisal process, and the different approaches, methods, and techniques used to determine the value of various types of property.
Emphasis is placed on residential and single unit properties.
It also applies toward the educational requirement for the broker's examination. Lecture 3 hours. This course is designed to give an introduction to principles and methods of handling escrows involving title to land. The various forms used in escrows and escrow instructions are studied. This course is among the group of courses meeting one of the legal requirements required before taking the real estate broker license examination.