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HomeMy WebLinkAboutREA-201Bergen Community College Division of Business and Social Sciences Department of Criminal Justice & Legal Studies Course Syllabus REA 201 Real Estate Law II Semester and year: Section Number: Meeting Times: Locations: Instructor: Office Location: Phone: Departmental Secretary: Office Hours: Email Address: Course Description: ● REA 201 continues the study of New Jersey Real Estate Law with an emphasis on leases, landlord-tenant, business opportunity sales, appraisals, the law of agency and the License Act and Regulations, and other municipal laws and regulations 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 (3 hours) Expand upon the principals of Agency Ch. 1-3 2 (3 hours) Review the NJSA 45:1 et seq to address the obligtions expected in a fiduciary relationship, Chs. 1-2) 3 (3 hours) Study and analysis of content needed to prepare the Listings used in New Jersey, review of the multiple listing system and the analysis of Bulletin 24-11 of the New Jersey Real Estate commission relating to Broker compensation. 4. (3 hours) Review NJAC 11:5 as it related to the rules related to Real Estate Broker Trust account. Real Estate Math. Calculating commissions, et al Chaper 22 5. (3 hours) Exam #1 6. (3 hours) Leasehold Interests , Principals of Leasing, Commercial and Residential Landlord Tenant, Assignments and Sub-Lets 7. (3 hours) Study Statutes and Case Law as it relates to Landlord Tenant Relationships in New Jersey Materials provided by faculty Introduction to appraisals 8. (3 hours) Exam #2 9. (3 hours) Review New Jersey Licensing Law NJSA 45:15-1 et seq. NJAC 11:5-1 et seq as it relates to office operations and management procedures. 10. (3 hours) Study and analysis not the Civil Rights Act as it related to housing, The Federal Fair Housing Act and its modifications, New Jerysey’s Law against Discrimination. 11. (3 hours) Condominiums, co-ops and timeshares. Duties and Pitfalls in the Real Estate Business. Review for Exam 3 12. (3 hours) Exam #3 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.