HomeMy WebLinkAboutREA-101Bergen Community College
Division of Business and Social Sciences
Department of Criminal Justice & Legal
Studies
Course Syllabus
REA 101 Real Estate Law I
Semester and year:
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Instructor:
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Course Description:
● REA 201 Principal of Real Estate I is an introduction to real estate law. Topics of
study include property rights, title concepts, liens, contracts, mortages, deeds, and
other property instruments. Students must complete this course and REA-101 to
qualify as a candidate for the New Jersey Real Estate Salesperson’s Examination.
● Prerequisites: REA 101 Real Estate Law I, which must be taken as a
prerequisite or may be taken as a corequisite. Completion of both are
required to qualify for the New Jersey Real Estate licensing exam.
● Credits: 3 credits
Supplemental Materials: To be provided by the professor during the
semester either in hardcopy or via email.
.
Student Learning Outcomes: As a result of meeting the requirements in
this course, students will be able to:
Student Learning Outcome: Means of Assessment:
1.To provide the student with
the ability to successfully qualify
for and pass the New Jersey Real
Estate Salesperson’s Exam.
Students will take
examinations during the course
similar to those given by the
New Jersey Real Estate
commission. These exams will
relate the subject matter which
being addressed at that time.
Issues and the practical
application of principles.
Standard: At least 80% of all
students will receive an
average grade of “70” or
better on the exams. Exams
will be reviewed with students
and concepts reinforced.
Homework assignments will be
required specifically
addressing this course
learning outcome.
2. To prepare the student for the
participation and understanding
of the legal and ethical standards
required to participate in the real
estate market place. From
contract to settlement.
Students will take
examinations and submit
projects during the course
which will require them to
show an understanding of the
transfer process. Students will
be required to demonstrate
their understanding with an
emphasis being placed on legal
and ethical concerns.
2
Standard: At least 80% of all
students will receive an average
grade of “70” or better on the
projects. Projects will be reviewed
with students and concepts
reinforced. Homework
assignments will be required
specifically
addressing this course
learning outcome.
Course Content:
Class Session # Material
1 (2.5 hours) Introduction to Real Estate Law Ch. 5
2 (2.5 hours) Discussion of real property rights and the differences
between real and personal property and
fixtures. Issues with property adjacent to
water., Chs. 5 & 9)
3 (2.5 hours) Government police powers, public restructions and ownership
along with private deed restrictions. Voluntary and
involuntary transfers of real property.
4. (2.5 hours) Encumbrances, Estates in Real Property and Co-Ownership
5. (2.5 hours) Exam #1 Introduction to the conveyance process.
6. (2.5 hours) Valuations of real estate and taxation. Agency relationships
in real estate transactions.
7. (2.5 hours) Introduction to Contracts. Landlord Tenants relationships
and the NJ laws to protect tenants rights
8. (2.5 hours) Contingencies in Real Estate Contracts, the inspection
process and Environmental Issues. Review for
Exam#2
9. (2.5 hours) Exam #2. Discussion of the primary & secondary Mortgage
Markets.
10. (2.5 hours) Financing options, the loan application and review process.
Loan documentation and settlement. Review for
Exam #3
11. (2.5 hours) Exam #3
12. (2.5 hours) Title searches, Settlement procedures, preparation of the
Closing disclosure Statement, with adjustments fand
prorations.
13. (2.5 hours) Title Insurance, transfer document types and preparation
14. (2.5 hours) Legal descriptions, affidavits, and title closing. Review
for Exam #4
15. (2.5 hours) Exam #4
Course Texts and/or Other Study Materials:
Essentials of New Jersey Real Estate, Lank & sobeck, Dearborn
Press..Current Edition.
Grading Policy: Evaluation and Assessment:
There will be four unit exams during the semester. Each will count 20% of
your grade. Tests are non-cumulative. Class participation is based on
attending class, contributing to discussions, and completing the
assignments in a timely manner. All Unit Examinations must be taken in
order to receive a grade. Make-Up examinations must be taken prior to
the next class meeting. The make-up exam may not be the same exam
taken by your class.
You are allowed only one make-up exam.
Please be advised that no extra credit assignments will be given.
(See grading scale below)
GRADING SCALE
100-90 89.75-100 A
90-80 87.75-89.50 B+
90-80 80-87.50 B
80-70 77.75-79.9 C+
80-70 70-77.50 C
70-60 60-69.9 D
Below 60 Below 60 F
5
Attendance Policy:
Attendance is required: Pursuant to NJAC 11:5-2.2(s): To satisfactorily
complete any pre-license course a student must receive a passing grade
and attend at least 80 percent of the class session hours required for
the course by NJAC 11:5-2.1
Attendance: Will be taken at each session and is subject to the rules of the
college. Attendance at lectures is imperative to acquisition and
understanding of the substantive material of the course. Habitual absence
(considered more than two unexcused absences) and/or tardiness may
result in loss of credit for the course.
Students are instructed to notify the professor prior to absences, if known
and are responsible for the materials from classes which are missed.
Students are required to all examinations on the announced date or
otherwise scheduled at the discretion of the instructor. All examinations must
be completed for credit for the course
Cell/Smart Phones: The use of cell/smart phones and other electronic
devices is not permitted in class and all students must silence their cell
phones prior to class session. Audio and video recording and photography is
prohibited in class.
Other College, Divisional, and/or Departmental Policy Statements:
Academic Matters - Bergen Community College - Acalog ACMS™
Statement on the appropriate use of AI (see the following link for
guidance):
6
AI-Guidance-Resource-Page.pdf (bergen.edu)
ADA statement:
Disability Services (Office of Specialized Services) | Bergen Community
College
Sexual Harassment statement:
HR-003-001.2018-Policy-Prohibiting-Sexual-Harassment.pdf (bergen.edu)
Statement on acceptable use of BCC technology:
Acceptable-Use-Policy.pdf (bergen.edu)
Recommended Syllabus Statements from the Office of Specialized
Services:
Syllabus Statements | Bergen Community College
Statement on the purpose and value of faculty office hours.
Student and Faculty Support Services:
Accessibility Statement
Bergen Community College is committed to ensuring the full participation of
all students in its programs. If you have a documented disability (or think
you may have a disability) and, as a result, need a reasonable
accommodation to participate in this class, complete course requirements, or
benefit from the College’s programs or services, contact the Office of Special
Services (OSS) as soon as possible at 201-612-5270 or
www.bergen.edu/oss. To receive any academic accommodation, you must
be appropriately registered with OSS. The OSS works with students
confidentially and does not disclose any disability-related information
without their permission. The OSS serves as a clearinghouse on disability
issues and works in partnership with faculty and all other student service
offices.
Student Support Services
Bergen Community College provides exemplary support to its students and
offers a broad variety of opportunities and services. A comprehensive array
of student support services including advising, tutoring, academic coaching,
and more are available online at https://bergen.edu/currentstudents/.
Sidney Silverman Library Online Resources:
Guides BY SUBJECT - LibGuides at Bergen Community College
General Search and Databases: Library | Bergen Community
College
Note to Students: This Course Outline and Calendar is tentative and
subject to change, depending upon the progress of the class.